Deal Insight
PGN acquires KUFPEC's 25% interest in the Pangkah PSC for US$265 million
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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 ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Ujung Pangkah
- Sidayu
- Deal analysis
- Upsides and risks
-
Strategic rationale
- PGN
- KUFPEC
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- Wood Mackenzie production and capex forecasts for Pangkah PSC (25% net)
What's included
This report contains:
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