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9 Pages

Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion

Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion

Report summary

On 12 April 2010, ConocoPhillips announced the sale of its 9.03% stake in Syncrude to Sinopec for a consideration of US$4.65 billion. Due to the deal size and Sinopec's international status, the move invokes a Canadian Federal Government foreign investment review. If approved, the deal is expected to close in Q3 2010. The Syncrude sale is the most material portion of a divestiture package through which ConocoPhillips aims to raise US$10 billion. For Sinopec, the deal represents a ...

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  • Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion PDF - 485.38 KB 9 Pages, 7 Tables, 3 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.

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

In this report there are 10 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
    • Deal sensitivities
  • Strategic rationale
    • Peer group gearing position
    • Peer group production growth outlook
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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