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6 Pages

PGN acquires KUFPEC's 25% interest in the Pangkah PSC for US$265 million

PGN acquires KUFPEC's 25% interest in the Pangkah PSC for US$265 million

Report summary

Perusahaan Negara Gas (PGN), via its wholly owned subsidiary Saka Energy, has completed the acquisition of a 25% stake in the Pangkah PSC from KUFPEC. The purchase price is US$265 million. The deal is effective from 1 January 2013.Our valuation of KUFPEC's stake in the Pangkah PSC stands at US$251 million, just slightly under the price paid by PGN. Our valuation includes the development of the Sidayu oil field in 2016, but does not attribute value to any uncontracted gas associated ...

What's included?

This report includes 1 file(s)

  • PGN acquires KUFPEC's 25% interest in the Pangkah PSC for US$265 million PDF - 509.94 KB 6 Pages, 7 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
    • Ujung Pangkah
    • Sidayu
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • PGN
    • KUFPEC
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
    • Wood Mackenzie production and capex forecasts for Pangkah PSC (25% net)
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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