Deal Insight
TotalEnergies exits Dunga in Kazakhstan for US$330 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TotalEnergies has agreed the US$330 million sale of its 60% operated interest in Kazakhstan's onshore Dunga field. The buyer is Oriental Sunrise Corp, a local private firm. For TotalEnergies, this sale is well aligned with its corporate strategy. Kazakhstan remains a core upstream location thanks to the Euro Major's involvement in the Kashagan megaproject. But its Dunga oil stake – inherited from Maersk Oil in 2018 – was peripheral.
Table of contents
- Executive summary
- Transaction details
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Upstream assets
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Dunga
- Overview
- PSC extension and Phase III
- Oil and gas marketing
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Dunga
- Deal analysis
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Upsides and risks
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Upsides
- Future pre-FID investment to extend the production plateau
- A further PSC extension in the longer term
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Risks
- Oil exports rely on Russia transit
- Complex subsurface conditions
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Upsides
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Strategic rationale
- TotalEnergies
- Oriental Sunrise Corp
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Deal analysis: Table 1Deal analysis: Table 2
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Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Upstream assets: Table 1Dunga map
What's included
This report contains:
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