Deal Insight
Udenna Corp. acquires SC38 (Malampaya) from Chevron
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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
Philippine conglomerate Udenna Corp has acquired Chevron's 45% stake in Service Contract 38, which powered 30% of Luzon's electricity last year. We value the asset at US$650 million, plus an additional US$68 million if the contract is extended. The deal will kickstart Udenna's ambitions to become an integrated gas player in the Philippines. Udenna joins the growing list of local companies who have become the region's most prolific group of acquirers in recent years.
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 the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Upsides and risks: Table 1
- Upsides and risks: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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