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8 Pages

TNK-BP acquires BP's interests in Venezuela and Vietnam


TNK-BP acquires BP's interests in Venezuela and Vietnam

Report summary

TNK-BP has announced the acquisition of BP's Venezuelan and Vietnamese upstream assets. The cash consideration of US$1.8 billion is in line with our base case valuation of US$1.78 billion. The transaction marks BP's withdrawal from both countries, as well as TNK-BP's first material move outside of Russia. The acquired portfolio offers TNK-BP stable production and a good basis for further international growth. The company will also hope to utilise the heavy oil experience it ...

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  • TNK-BP acquires BP's interests in Venezuela and Vietnam PDF - 491.21 KB 8 Pages, 7 Tables, 1 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
    • Venezuela
      • Petromonagas
      • BoquerĂ³n and DZO
    • Vietnam
      • Block 06-1 (Lan Tay/Lan Do)
      • Nam Con Son Pipeline
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • TNK-BP
    • BP
  • Oil & gas pricing and assumptions

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
    • BP global upstream portfolio analysis: strategic fit of regions
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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