HRT Plans to Divest its Stake in Oil and Gas Assets in Namibia to Fund Explorations -Deal Analysis from GlobalData -Deal Analysis from GlobalData
Summary
HRT Participacoes em Petroleo SA (HRT), an oil and gas company, intends to sell an equity interest in 12 exploration blocks together covering an area of 68,800 sq. km, in Namibia. The company intends to use the proceeds from the sale to fund its exploration activities. Citigroup Global Capital Markets Inc. is acting as financial advisor to HRT in the transaction. Wagner Peres, president of unit HRT America, said, “Rio de Janeiro-based HRT plans to maintain a majority stake in the blocks where it plans to sell a stake.” The transaction is expected to be completed in June 2012.
Scope
Reasons to buy
Keywords
Oil and Gas, aseets, Namibia, sale, proceeds, fund, exploration, activities
Summary
HRT Participacoes em Petroleo SA (HRT), an oil and gas company, intends to sell an equity interest in 12 exploration blocks together covering an area of 68,800 sq. km, in Namibia. The company intends to use the proceeds from the sale to fund its exploration activities. Citigroup Global Capital Markets Inc. is acting as financial advisor to HRT in the transaction. Wagner Peres, president of unit HRT America, said, “Rio de Janeiro-based HRT plans to maintain a majority stake in the blocks where it plans to sell a stake.” The transaction is expected to be completed in June 2012.
Scope
- Rationale behind HRT selling its oil and gas assets in Namibia: To fund for its exploration activities from its sale proceeds. Geography covered-Namibia
Reasons to buy
- To get an understanding of the major M&A deals in the oil and gas industry, to make better decisions about the investments which should be made.
- The deal rationale clearly states that the deal is being made to fund exploration activities, which also gives details about the Namibian assets.
Keywords
Oil and Gas, aseets, Namibia, sale, proceeds, fund, exploration, activities
1 TABLE OF CONTENTS
1.1 List of Tables
1.2 List of Figures
2 HRT PARTICIPACOES EM PETROLEO PLANS TO SELL OIL AND GAS ASSETS IN NAMIBIA
2.1 Deal Overview
2.2 Deal in Brief
2.3 HRT Plans to Divest its Stake in Exploration Blocks in Namibia to Funds Exploration Activities
2.4 HRT: One of Namibia’s Largest Acreage Holding Companies
2.5 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: HRT, Major Divestments, December 2010 - till present
Table 2: HRT, Exploration Blocks in Namibia, 2012
Table 3: Companies Involved
Table 4: Advisor Information
Table 5: Target Information
Table 6: Vendor Information
LIST OF FIGURES
Figure 1: HRT, Capital Expenditure, $m, 2009-2011
Figure 2: HRT, Exploration Blocks in Namibia, Location Map, 2012
1.1 List of Tables
1.2 List of Figures
2 HRT PARTICIPACOES EM PETROLEO PLANS TO SELL OIL AND GAS ASSETS IN NAMIBIA
2.1 Deal Overview
2.2 Deal in Brief
2.3 HRT Plans to Divest its Stake in Exploration Blocks in Namibia to Funds Exploration Activities
2.4 HRT: One of Namibia’s Largest Acreage Holding Companies
2.5 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: HRT, Major Divestments, December 2010 - till present
Table 2: HRT, Exploration Blocks in Namibia, 2012
Table 3: Companies Involved
Table 4: Advisor Information
Table 5: Target Information
Table 6: Vendor Information
LIST OF FIGURES
Figure 1: HRT, Capital Expenditure, $m, 2009-2011
Figure 2: HRT, Exploration Blocks in Namibia, Location Map, 2012