Deal Insight
CNOOC acquires a stake in Chesapeake's Niobrara acreage
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
CNOOC Ltd. has entered into an agreement with Chesapeake to acquire a 33.3% interest in the company's Niobrara Shale acreage. The transaction follows the Eagle Ford JV between the companies announced in October 2010. As in the earlier deal, CNOOC will pay Chesapeake an up front sum, in addition to a cost carry. The total consideration is US$1,267 million (nominal). We value the deal at an Implied Long-term oil Price of US$82/bbl (NPV10, in 2011 terms). Unit metrics equate to an ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Niobrara Shale
-
Deal analysis
- Valuation methodology
- Upsides and risks
-
Strategic rationale
- CNOOC Ltd
- Chesapeake
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Implied Long-term Oil Price sensitivity to ultimate recovery
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Vicinity map of acquired assets
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Snow Lake gold (closed) mine
A detailed analysis of the Snow Lake gold (closed) mine.
$2,250
Insight
Q4 2017 North America LNG projects update: Total buys into Cameron LNG
We highlight the progress and any delays to proposed North American LNG projects.
$1,050
Country Report
Mexico upstream summary slides
To complement our more detailed Mexico upstream summary we provide a slide-pack of the key issues in country.
$5,700
