Deal insight

Thailand exit completes Hess' upstream repositioning

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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 contains

  • Document

    Thailand exit completes Hess' upstream repositioning

    PDF 1.63 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Hess interests in Thailand
  • Wood Mackenzie base production forecast (net to Hess)

Tables

  • 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
  • Upstream assets: Table 1
  • Strategic rationale: Table 1

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