Peru Oil Markets, 2010
- Published: July 2010
Pacific Rubiales Energy to Expand its E&P Portfolio in Peru by Acquiring 49% Interest in Block Z-1 from BPZ Energy for $335m
Pacific Rubiales Energy to Expand its E&P Portfolio in Peru by Acquiring 49% Interest in Block Z-1 from BPZ Energy for $335m
- Published: June 2012
- 7 pages
- GlobalData
Pacific Rubiales Energy to Expand its E&P Portfolio in Peru by Acquiring 49% Interest in Block Z-1 from BPZ Energy for $335m – Deal Analysis from GlobalData
Summary
Pacific Rubiales Energy Corp (Pacific) agreed to acquire a 49% participating interest in Block Z-1, offshore Peru, from BPZ Energy, Inc. (BPZ) for a purchase consideration of $335m. As a part of the consideration, Pacific will pay $150m in cash and $185m is subject to a commitment of BPZ's share of capital and exploratory expenditures in Block Z-1.
Under the terms of the agreement, BPZ received $65m in cash upon the signing of the agreement along with additional funds for each partner's share of capital and exploratory expenditures incurred on Block Z-1 as of January 1, 2012. BPZ will receive an additional $85m upon receiving approval from the Peruvian regulatory authorities. BPZ Exploracion & Produccion S.R.L. (BPZ E&P), a subsidiary of BPZ Energy, will continue to be the operator of the Block Z-1 license contract and will retain a 51% participating interest.
Credit Suisse (USA), Inc. and Tudor, Pickering, Holt & Co., LLC are acting as financial advisors to BPZ Energy, while
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1
1
1.1 List of Tables
1.2 List of Figures
2 Pacific Rubiales Energy to Acquire 49% Interest in Block Z-1 from BPZ Energy for $335m
2.1 Deal Overview
2.2 Deal in Brief
2.3 Pacific Expands its E&P Portfolio in Peru by Acquiring Block Z-1
2.4 BPZ Enters into Partnership with Pacific in Block Z-1 to Fund its E&P Program
2.5 Deal Financials and Valuations
3 Appendix
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
1.1 List of Tables
Table 1: Peru, Major Deals of Pacific, Since 2009 till Present
Table 2: Peru, Exploration Wells in Block Z-1, 2012
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Advisor Information
Table 6: Target Information
Table 7: Target’s Production and Reserves Information
Table 8: Company Valuation Multiples
Table 9: Commodity Prices in $, Last Close
Table 10: Acquirer Information
Table 11: vendor Information
1.2 List of Figures
Figure 1: Peru, Location of Existing Exploration Blocks on the Map, 2012
Figure 2: Increase in Pacific’s 2P Reserves Following the Acquisition, MMboe, 2012
Figure 3: Peru, Location of Block Z-1 in the Map, 2012
| Format | Properties | |
|---|---|---|
| Electronic (PDF) | The report will be emailed to you. The report is sent in PDF format. | This is a single user license, allowing one specific user access to the product. |
| Site License | The report will be emailed to you. The report is sent in PDF format. | This is a site license, allowing all users within a given geographical location of your organisation access to the product. |
| Enterprisewide | The report will be emailed to you. The report is sent in PDF format. | This is an enterprise license, allowing all employees within your organisation access to the product. |
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