Deal Insight
Thailand exit completes Hess' upstream repositioning
This report is currently unavailable
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. ...
Table of contents
- 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
Tables and charts
This report includes 10 images and tables including:
- Executive summary: 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
- Hess interests in Thailand
- Upstream assets: Table 1
- Wood Mackenzie base production forecast (net to Hess)
- Strategic rationale: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
E5 & EU1 (Sinphuhorm)
The Phu Horm discovery, renamed Sinphuhorm in August 2007, lies approximately 110 kilometres north of the Khorat Basin, onshore Thailand.
$3,100
Asset Report
B8/32, B9A and G4/43
This report covers multiple concessions offshore Thailand. The B8/32, B9A and G4/43 concessions are located in the Pattani Basin, Gulf ...
$3,100
Country Report
Thailand upstream summary
Thailand's upstream production is mainly sourced from two areas in the Gulf of Thailand: the Pattani and Malay basins ...
$5,400