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

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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 ...

What's included

This report contains

  • Document

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

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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 8 images and tables including:

Images

  • BP global upstream portfolio analysis: strategic fit of regions

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

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