ConocoPhillips Plans to Sell Nigerian Assets as part of Global Restructuring Plan - Deal Analysis from GlobalData
Summary
ConocoPhillips intends to sell all of its Nigerian assets including onshore and offshore oil and gas fields and its stake in the LNG Brass facility. The transaction is expected to be valued at approximately $2.5 billion.
BNP Paribas SA is acting as advisor to ConocoPhillips for the divestment of assets.
ConocoPhillips Plans to Sell Nigeria Assets as Part of its Global Restructuring Plan
ConocoPhillips plans to divest its assets in Nigeria as part of its three year (2010–2012) strategic global business restructuring plan. The company’s restructuring plan is aimed at optimizing its oil and gas assets portfolio in order to increase its business returns and financial flexibility. The company plans to divest its low revenue generating non-strategic assets and to sell relatively smaller ventures and those which do not fall within its core business of Exploration and Production (E&P). The company’s Nigerian assets, where it holds minority stakes (17–20%), qualify as a target for divestment as per the outline of its restructuring plan.
Scope
Reasons to buy
Keywords
Restructuring plan, divestment, investment, Vietnam, Libya, Algeria, Kazakhstan, Buyback
Summary
ConocoPhillips intends to sell all of its Nigerian assets including onshore and offshore oil and gas fields and its stake in the LNG Brass facility. The transaction is expected to be valued at approximately $2.5 billion.
BNP Paribas SA is acting as advisor to ConocoPhillips for the divestment of assets.
ConocoPhillips Plans to Sell Nigeria Assets as Part of its Global Restructuring Plan
ConocoPhillips plans to divest its assets in Nigeria as part of its three year (2010–2012) strategic global business restructuring plan. The company’s restructuring plan is aimed at optimizing its oil and gas assets portfolio in order to increase its business returns and financial flexibility. The company plans to divest its low revenue generating non-strategic assets and to sell relatively smaller ventures and those which do not fall within its core business of Exploration and Production (E&P). The company’s Nigerian assets, where it holds minority stakes (17–20%), qualify as a target for divestment as per the outline of its restructuring plan.
Scope
- Rationale behind ConocoPhillips Selling its Assets in Nigeria
- Stratigic benefits for the companies involved in the transaction
- Geography covered - Nigeria
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures undertaken by ETP. Rationale behind ETP's acquisition of Sunoco.
- Plan to acquire assets and to capitalise opportunites taking place in the pipeline market
- Identify the reason behind ETP's rationale behind acquisition of Sunoco and mutual benifit to the investors of teh company.
Keywords
Restructuring plan, divestment, investment, Vietnam, Libya, Algeria, Kazakhstan, Buyback
1 TABLE OF CONTENTS
1.1 List of Tables
1.2 List of Figures
2 CONOCOPHILLIPS PLANS TO SELL ASSETS IN NIGERIA
2.1 Deal Overview
2.2 Deal in Brief
2.3 Nigerian Assets of ConocoPhillips Seems to Attract Investors with Operational Expertise in the Country
2.4 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: ConocoPhillips, Major Divestments, January 2010 till present
Table 2: Nigeria, Major Exploration Blocks of Companies Expected to Acquire ConocoPhillips Assets, 2012
Table 3: Oando, Major Acquisition in Nigeria, 2009 till present
Table 4: Companies Involved
Table 5: Financials of the Deal
Table 6: Advisor Information
Table 7: Target Information
Table 8: Acquirer Information
Table 9: Acquirer Information
Table 10: Acquirer Information
Table 11: Acquirer Information
Table 12: Acquirer Information
Table 13: Vendor Information
LIST OF FIGURES
Figure 1: ConocoPhillips, Outline of Three-Year Global Restructuring Plan, 2010–2012
Figure 2: ConocoPhillips, Divestment of Assets, $bn, FY 2010–FY 2012
Figure 3: Nigeria, ConocoPhillips’ Assets, Location Map
Figure 4: ConocoPhillips, Average Common Shares Outstanding and EPS, Number of Shares (‘000) and $, FY 2009–FY 2011
1.1 List of Tables
1.2 List of Figures
2 CONOCOPHILLIPS PLANS TO SELL ASSETS IN NIGERIA
2.1 Deal Overview
2.2 Deal in Brief
2.3 Nigerian Assets of ConocoPhillips Seems to Attract Investors with Operational Expertise in the Country
2.4 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: ConocoPhillips, Major Divestments, January 2010 till present
Table 2: Nigeria, Major Exploration Blocks of Companies Expected to Acquire ConocoPhillips Assets, 2012
Table 3: Oando, Major Acquisition in Nigeria, 2009 till present
Table 4: Companies Involved
Table 5: Financials of the Deal
Table 6: Advisor Information
Table 7: Target Information
Table 8: Acquirer Information
Table 9: Acquirer Information
Table 10: Acquirer Information
Table 11: Acquirer Information
Table 12: Acquirer Information
Table 13: Vendor Information
LIST OF FIGURES
Figure 1: ConocoPhillips, Outline of Three-Year Global Restructuring Plan, 2010–2012
Figure 2: ConocoPhillips, Divestment of Assets, $bn, FY 2010–FY 2012
Figure 3: Nigeria, ConocoPhillips’ Assets, Location Map
Figure 4: ConocoPhillips, Average Common Shares Outstanding and EPS, Number of Shares (‘000) and $, FY 2009–FY 2011
