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UI Energy (of Korea) acquires interests in Northern Iraq from Genel Enerji (of Turkey) for US$175 million

UI Energy (of Korea) acquires interests in Northern Iraq from Genel Enerji (of Turkey) for US$175 million

Report summary

Turkey's Genel Enerji has agreed to sell some of its non-operated equity in the Dihok, Tawke and Miran blocks in Iraqi Kurdistan blocks to South Korea's UI Energy Corporation for US$175 million. The deal requires ratification by the Kurdistan Regional Government (KRG), which is expected by the end of 2010. Parties Consideration Buyer(s) UI Energy Total Consideration (US$M) 175 Sellers(s) Genel Enerji Payment Method Cash Cash Offer Value ...

What's included?

This report includes 1 file(s)

  • UI Energy (of Korea) acquires interests in Northern Iraq from Genel Enerji (of Turkey) for US$175 million PDF - 682.40 KB 5 Pages, 6 Tables, 1 Figures


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
  • Upstream assets
  • Deal analysis
  • Strategic rationale
    • Genel Enerji
    • UI Energy Corporation
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Upstream assets
    • Upstream assets: Table 1
    • Map of Tawke, Dihok and Miran Blocks
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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