Deal Insight

Sinopec and Sonangol acquire Marathon's interest in Angola's deepwater Block 31 for US$1.52 billion

This report is currently unavailable

This report is currently unavailable

Get this Deal Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

On 25 June, 2013, Marathon announced it had agreed to sell its 10% stake in Block 31, in Angola's offshore Lower Congo Basin, to Sonangol Sinopec International (SSI), a partnership between Sinopec Group and China Sonangol, for US$1.52 billion. Our base case valuation of the deal is US$1.66 billion (discounted at 10% from January 2013). This is one of the largest asset deals ever announced in Angola and just the second involving a producing deepwater asset.The block contains one ...

What's included

This report contains

  • Document

    Sinopec and Sonangol acquire Marathon's interest in Angola's deepwater Block 31 for US$1.52 billion

    PDF 835.61 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Technical Fields and Exploration Potential
    • Risks
    • Marathon
    • Sonangol Sinopec International
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Upstream assets: Table 3
  • 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

Images

  • Block 31

You may be interested in

Asset Report

Block 31 PSVM

Country Report

Angola upstream summary

Asset Report

Block 31 Leda

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800