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8 Pages

Sinopec underpins Australia Pacific LNG


Sinopec underpins Australia Pacific LNG

Report summary

In February 2011, APLNG (a joint venture between Origin Energy and ConocoPhillips) signed a non-binding Heads of Agreement (HoA) with Sinopec. APLNG will supply 4.3 mmtpa of LNG to Sinopec for 20 years from its Australia Pacific LNG project, whilst Sinopec will acquire a 15% interest in the venture.For APLNG, the deal is a vital step forward - it underpins the project, makes marketing the remaining volumes far easier, and provides greater project certainty. The APLNG partners have also ...

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  • Sinopec underpins Australia Pacific LNG PDF - 590.50 KB 8 Pages, 4 Tables, 2 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
  • Deal analysis
    • Price concession, but a big step forward
    • Price Sensitivity
  • Upsides and risks
    • Almost there, but risks remain
  • Strategic rationale
    • Origin and ConocoPhillips
    • Sinopec
    • Discount rates and inflation
    • Pricing
  • Oil & gas pricing and assumptions

In this report there are 6 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • APLNG operated acreage in Queensland
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Australia Pacific LNG - sensitivity to primary and secondary slope changes
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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