Deal insight
| |
7 Pages

Thailand exit completes Hess' upstream repositioning

Thailand exit completes Hess' upstream repositioning

Report summary

PTTEP is to purchase Hess' interests in Thailand for US$1 billion. The Thai NOC is already a participant in the main assets - two onshore / shallow water gas-condensate developments - and was favourite to consolidate its position from the moment that Hess signalled its intent to sell up. At US$1.1 billion, we value the portfolio at a slight premium to the purchase price. The Implied Long-term Oil Price works out at US$73/bbl - well below the current market average of US$85/bbl. ...

What's included?

This report includes 1 file(s)

  • Thailand exit completes Hess' upstream repositioning PDF - 1.63 MB 7 Pages, 8 Tables, 2 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.

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
    • B12/27 (15%)
    • Sinphuhorm (E5N/EU1) (35%)
    • G7/50
  • Deal analysis
  • Upsides and risks
    • Reserves
    • Exploration
    • Gas Contracts
  • Strategic rationale
    • Hess
    • PTTEP
  • 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
    • Hess interests in Thailand
    • Upstream assets: Table 1
    • Wood Mackenzie base production forecast (net to Hess)
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...