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6 Pages

Talisman and Mitsubishi announce strategic joint venture in Papua New Guinea

Talisman and Mitsubishi announce strategic joint venture in Papua New Guinea

Report summary

Talisman Energy announced on 22 February 2012 that is has entered into a farm-out agreement for a portion of its acreage in Papua New Guinea (PNG). Mitsubishi Corporation will enter nine of Talisman's 14 blocks. These blocks contain discovered resources of nearly 2.5 tcf of gas and 53 mmbbls of condensate. The deal is exploration driven. Mitsubishi will fund the exploration work programme through its US$280 million consideration, paid as a capital carry. This deal is a continuation ...

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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
  • Upsides and risks
    • Reserves
    • Economics
    • Country Related Risk
  • Strategic rationale
    • Mitsubishi
    • Talisman

In this report there are 4 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
    • Transaction details: Table 1
  • Upsides and risks
    • Map
    • Upsides and risks: Table 1
  • Strategic rationale
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