Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Anadarko Announces USD1.55 Billion Eagleford Joint Venture
    édité le 24/03/2011 - Plus de news de "Anadarko" - Voir la fiche entreprise de "Anadarko"


Anadarko Announces USD1.55 Billion Eagleford Joint Venture
Anadarko Petroleum Corporation announced it has signed a joint-venture agreement with a subsidiary of Korea National Oil Corporation (KNOC), whereby KNOC will earn approximately one-third of Anadarko’s interest in the company’s Maverick Basin assets, located in southwest Texas, for approximately $1.55 billion, effective Jan. 1, 2011.

“This transaction demonstrates the substantial embedded value of our Eagleford acreage position assembled primarily in the higher-margin condensate window of the play, while further enhancing our capital efficiency in a tax-effective manner,” Anadarko President and Chief Operating Officer, Al Walker said. “We have expanded our midstream infrastructure and established various service agreements concurrent with our drilling pace in the Eagleford Shale, leading Anadarko to become the largest producer in the play during the fourth quarter of 2010. As a result, almost all of our completed wells are on line, with approximately 75 percent of our sales volumes comprised of liquids. As announced in February, we plan to further accelerate the value of this play by increasingour operated rig count from nine to ten early in the second quarter of this year. We are very pleased to welcome KNOC as our partner in this development and hope we will be able to pursue other investments together in the future.”

Under the terms of the agreement, KNOC’s $1.55 billion investment will be made entirely in the form of a carry, funding approximately 100 percent of Anadarko’s 2011 post-closing capital costs in the basin, and up to 90 percent thereafter until the carry is exhausted, which is expected to occur by year-end 2013. KNOC will also reimburse Anadarko for net cash outflows, relative to their acquired interest, subsequent to the effective date, which are expected to be approximately $50 million. In exchange, KNOC will receive:

- Approximately 80,000 net acres in the liquids-rich Eagleford Shale play
- Approximately 16,000 additional prospective net acres for the deeper dry-gas Pearsall Shale, as well as Pearsall opportunities underlying the aforementioned Eagleford acreage KNOC may also elect, no later than 30 days post-closing, to participate as a partner with an approximate 25-percent working interest in the associated gathering systems and facilities, by paying its share.

Closing of the transaction, anticipated to occur during the second quarter, is subject to applicable regulatory approvals and other contractual conditions. Anadarko’s advisors on the transaction were Jefferies & Company, Inc. and Deutsche Bank Securities Inc.


Origine : Communiqué Anadarko

Voir la fiche entreprise de "Anadarko"



Les dernières news de "Anadarko"



Toutes les news de "Anadarko"
  Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kazakhstan kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019