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Shell Philippines & Chevron To Farm-In Gindara Prospect, Northwest Palawan: A Move to Exploit a Billion Barrels of Oil – Deal Analysis From GlobalData

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Shell Philippines & Chevron To Farm-In Gindara Prospect, Northwest Palawan: A Move to Exploit a Billion Barrels of Oil – Deal Analysis From GlobalData Summary Shell Philippines Exploration (SPE), a subsidiary of Royal Dutch Shell plc, and Chevron Malampaya (Chevron), a subsidiary of Chevron Corporation, intend to farm-in an equity stake in Gindara Prospect in Service Contract (SC) 54B, located in northwest Palawan, Philippines, from Kairiki Energy Limited (Kairiki), and Nido Petroleum Limited (Nido), both Oil and Gas companies. Gindara Prospect, located in SC 54 B is developed by Nido and Kairiki under 60:40 venture. The prospect is estimated to contain a billion barrels of oil. Scope - Rationale behind Shell Philippines and Chevron entering into farm-in agreement - Strategic Benefits for the companies involved - Geography covered -Philippines 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 Philippines oil & gas market - Get a detailed analysis of a deal to enable you to take better decisions

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									       Shell Philippines & Chevron To Farm-In Gindara Prospect,
      Northwest Palawan: A Move to Exploit a Billion Barrels of Oil
                    – Deal Analysis From GlobalData
      Reference Code: GDGE0172M&A                                                                                                                             Publication Date: JUL 2010



                      1          Table of Contents

                      1      Table of Contents............................................................................................. 1
                      1.1        List of Tables .......................................................................................................................................... 2

                      1.2        List of Figures ........................................................................................................................................ 2


                      2      GlobalData Deal Analysis................................................................................ 3
                      2.1        Summary................................................................................................................................................. 3

                      2.2        Deal Overview ........................................................................................................................................ 3


                      3 Shell Philippines & Chevron To Farm-In Gindara Prospect, Northwest
                      Palawan .................................................................................................................. 3
                      3.1        Deal Overview ........................................................................................................................................ 3

                      3.2        Deal in Brief ............................................................................................................................................ 3

                      3.3   SPE and Chevron are in talks with Kairiki and Nido to form a consortium for the Gindara
                      prospect.............................................................................................................................................................. 3

                      3.4        Ideal location of the Gindara prospect is attracting SPE and Chevron............................................. 4

                      3.5        The Philippines is a favorable option for Oil and Gas companies..................................................... 4

                      3.6        Nido has its eye fixed on the North West Palawan Basin................................................................... 5

                      Kairiki: Focused on the Philippines ................................................................................................................. 6

                      3.7        SPE and Chevron would achieve geographic synergies thorugh this deal...................................... 7

                      3.8     Deal Financials and Valuations............................................................................................................. 8
                         3.8.1    Companies Involved......................................................................................................................... 8
                         3.8.2    Detailed Target Information.............................................................................................................. 8
                         3.8.3    Detailed Acquirer Information...........................................
								
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