Deal insight

PTTEP acquires a 40% stake in the Kai Kos Dehseh oil sands project

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Report summary

PTT Exploration and Production (PTTEP) has acquired a 40% interest in the Kai Kos Dehseh (KKD) oil sands project from Statoil for US$2.3 billion. Statoil will retain a 60% stake and operatorship.Statoil acquired KKD in 2007 for US$2 billion. It has since invested US$1.5 billion in proving up reserves including drilling in the region of 400 exploration and appraisal wells. This latest deal values the KKD project at US$5.8 billion implying that Statoil has effectively created US$2.3 ...

What's included

This report contains

  • Document

    PTTEP acquires a 40% stake in the Kai Kos Dehseh oil sands project

    PDF 673.70 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Images

  • Kai Kos Dehseh
  • Project Sensitivities (Wood Mackenzie base case)
  • PTTEP Liquids Production Forecast

Tables

  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1
  • Strategic rationale: Table 1

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