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Delivery Format: PDF
Published Date: 31-Dec-2010
Pages: 7
Single User Price: $500
Site License Price: $1,000
Global Site License: $1,500
File Code: GDGE0250M&A
Publisher: GlobalData


China Petrochemical To Acquire 18% Stake In Gendalo-Gehem Project From Chevron: China Petrochemical is Expanding its International Business - Deal Analysis From GlobalData

Summary Table of contents

Summary

 

China Petrochemical Corporation (Sinopec), an energy company, entered into an agreement to acquire 18% stake in Gendalo-Gehem deep-water natural gas project, Indonesia, from Chevron Corporation, for a purchase consideration of approximately $680m. According to Chevron, Gendalo-Gehem will likely produce around 1.1 billion cubic feet (bcf) of natural gas and 31,000 barrels of condensate C a petroleum liquid C per day at its peak from four fields. Around 75% of the gas from the project would be converted to liquefied natural gas at state-owned PT Pertamina's existing Bontang LNG plant in East Kalimantan for export, with the remaining output sold to the domestic market, said Stephen Green, Chevron's managing director in Indonesia and the Philippines

 

Scope

 

- Sinopec intends to secure its energy supply and Chevron was requiring partner to mitigate its risk in the project

 

Reasons to buy

 

- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry

- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market

- Get a detailed analysis of a deal to enable you to take better decisions

 

 

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