Deal Insight
Sinopec buys Occidental's Argentine unit for US$2.45 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Sinopec's acquisition of Oxy's Argentine business marks the company's entry to the country, and its second major Latin America focused transaction of 2010 (having already acquired a 40% stake in Repsol YPF's Brazilian subsidiary). Sinopec is well equipped to assume operatorship of the portfolio. Mature, onshore oil is the cornerstone of its upstream business, and the company is currently developing major EOR programmes in China and Syria. Oxy's move to exit Argentina ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Domestic crude prices
- Increases in regulated gas prices
- Petróleo Plus programme
- Licence extension
-
Strategic rationale
- Sinopec
- Occidental
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: 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
What's included
This report contains:
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