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8 Pages

Shell and ONGC pre-empt Sinochem's acquisition of Petrobras' 35% stake in BC-10 for $1.54 billion


Shell and ONGC pre-empt Sinochem's acquisition of Petrobras' 35% stake in BC-10 for $1.54 billion

Report summary

The Parque das Conchas fields (BC-10) are located in the ultra-deep waters (1,470-1,920 meters) of the Campos Basin. The project's other participants are Shell (50% and operator) and ONGC (15%). The development of the field has been spread over three phases. Currently, Shell is developing Phase Two, which is targeting the Argonauta O South reserves and is expected onstream by the end of 2013. Phase Three, which will target the Massa field and the Argonauta O North reserve, is expected ...

What's included?

This report includes 1 file(s)

  • Shell and ONGC pre-empt Sinochem's acquisition of Petrobras' 35% stake in BC-10 for $1.54 billion PDF - 916.23 KB 8 Pages, 8 Tables, 3 Figures

Description

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
    • Parque das Conchas development plan
  • Deal analysis
  • Upsides and risks
    • Project slippage
    • Additional reserves in Nautilus-Manganga
  • Strategic rationale
    • Sinochem
    • Petrobras
  • Oil & gas pricing and assumptions

In this report there are 11 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 Parque das Conchas (BC-10) (net 35%)
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Strategic rationale: Table 1
    • Timeline of Petrobras' disposal programme
    • Parque das Conchas (BC-10)
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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