Chevron To Acquire 50% Interest In License 3921 In Turkey: A Move To Expand Its Operations In Turkey - Deal Analysis From GlobalData
Summary
Chevron Corporation (Chevron) agreed to acquire a 50% interest in a western portion of license 3921, an 8,700 square mile (22,505 square kilometers) block located 220 miles (350km) north west of the capital city of Ankara in Turkey. Following the completion of the transaction, Chevron will hold a 50% interest in the license and the remaining 50% interest will be held by Turkiye Petrolleri Anonim Ortakligi (TPAO). TPAO will be the operator of the initial exploratory well currently being drilled. If that initial well is successful, 3D seismic will be acquired and an additional exploratory well will be drilled by TPAO during 2012
Scope
Reasons to buy
Summary
Chevron Corporation (Chevron) agreed to acquire a 50% interest in a western portion of license 3921, an 8,700 square mile (22,505 square kilometers) block located 220 miles (350km) north west of the capital city of Ankara in Turkey. Following the completion of the transaction, Chevron will hold a 50% interest in the license and the remaining 50% interest will be held by Turkiye Petrolleri Anonim Ortakligi (TPAO). TPAO will be the operator of the initial exploratory well currently being drilled. If that initial well is successful, 3D seismic will be acquired and an additional exploratory well will be drilled by TPAO during 2012
Scope
- Chevron is expanding its operations in Turkey with the help of TPAO
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in Asian Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Indian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
1 TABLE OF CONTENTS
1.1 List of Tables
1.2 List of Figures
2 CHEVRON TO ACQUIRE 50% INTEREST IN LICENSE 3921 IN TURKEY
2.1 Deal Overview
2.2 Deal in Brief
2.3 Chevron is Tapping Turkey’s Oil and Gas Industry Potential
2.4 Chevron is One of the World’s Largest Integrated Energy Companies
2.5 TPAO has Significant Upstream Operations
2.6 Turkish Government is Taking Significant Steps to Develop Turkish Oil and Gas Industry
2.7 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer 7
LIST OF TABLES
Table 1: Chevron, Asset Transaction Details, 2010
Table 2: Turkey, Asset Transaction Details, 2010
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Target Information
Table 6: Acquirer Information
Table 7: Vendor Information 6
LIST OF FIGURES
Figure 1: Chevron, Acquired Interest in Black Sea
Figure 2: Chevron, Operations Map, 2010
Figure 3: TPAO, Operations Map, 2010
Figure 4: Black Sea, Offshore Operations Map 4
1.1 List of Tables
1.2 List of Figures
2 CHEVRON TO ACQUIRE 50% INTEREST IN LICENSE 3921 IN TURKEY
2.1 Deal Overview
2.2 Deal in Brief
2.3 Chevron is Tapping Turkey’s Oil and Gas Industry Potential
2.4 Chevron is One of the World’s Largest Integrated Energy Companies
2.5 TPAO has Significant Upstream Operations
2.6 Turkish Government is Taking Significant Steps to Develop Turkish Oil and Gas Industry
2.7 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer 7
LIST OF TABLES
Table 1: Chevron, Asset Transaction Details, 2010
Table 2: Turkey, Asset Transaction Details, 2010
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Target Information
Table 6: Acquirer Information
Table 7: Vendor Information 6
LIST OF FIGURES
Figure 1: Chevron, Acquired Interest in Black Sea
Figure 2: Chevron, Operations Map, 2010
Figure 3: TPAO, Operations Map, 2010
Figure 4: Black Sea, Offshore Operations Map 4
