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Talisman Energy and Ecopetrol To Acquire BP Exploration Company Colombia: Strategic Development in the Region – Deal Analysis From GlobalData by GlobalData

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Talisman Energy and Ecopetrol To Acquire BP Exploration Company Colombia: Strategic Development in the Region – Deal Analysis From GlobalData Summary Talisman Energy Inc., (Talisman) and Ecopetrol S.A., (Ecopetrol) agreed to acquire all the outstanding shares of BP Exploration Company Colombia Limited (BPXC) from BP p.l.c., (BP) for a cash consideration of $1,900m, including a working capital adjustment which is estimated at approximately $145m. The transaction implies deal values of $40,000 per boe of daily production, $13.33 per boe of proved reserves and $10.2 per boe of 2P reserves. Scope - Rationale behind Talisman and Ecopetrol jointly acquiring BP's Colombian assets - Strategic Benefits for the companies involved - Geography covered -Colombia Reasons to buy - Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in South American Oil & Gas industry - Identify the most lucrative segments to leverage on the growth oppurtunities available in the Colombian oil & gas market - Get a detailed analysis of a deal to enable you to take better decisions

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									        Talisman Energy and Ecopetrol To Acquire BP Exploration
             Company Colombia: Strategic Development in the
                Region – Deal Analysis From GlobalData
      Reference Code: GDGE0178M&A                                                                                                                         Publication Date: AUG 2010

                     1         Table of Contents

                     1      Table of Contents............................................................................................. 1
                     1.1       List of Tables .......................................................................................................................................... 3

                     1.2       List of Figures ........................................................................................................................................ 3


                     2      GlobalData Deal Analysis................................................................................ 4
                     2.1       Summary................................................................................................................................................. 4

                     2.2       Deal Overview ........................................................................................................................................ 4


                     3 Talisman Energy & Ecopetrol To Acquire BP Exploration Company
                     Colombia ................................................................................................................ 4
                     3.1       Deal Overview ........................................................................................................................................ 4

                     3.2       Deal in Brief ............................................................................................................................................ 4

                     3.3       Talisman intends to acquire BP’s assets to expand its Colombian assets ...................................... 4

                     3.4       Ecopetrol intends to acquire BPXC to increase its production and transport business................. 8

                     3.5       The Gulf of Mexico disaster initiates BP’s huge divestments ......................................................... 10

                     3.6       BP suffering heavily in paying the claims of Gulf Of Mexico disaster ............................................ 11

                     3.7       BP Falling Prey to the Circling Sharks of the Oil and Gas Industry ................................................ 11

                     3.8       Talisman is Divesting its Non-Core Assets to Focus on More Profitable Business ...................... 11

                     3.9     Deal Financials and Valuations........................................................................................................... 13
                        3.9.1    Companies Involved....................................................................................................................... 13
                        3.9.2    Deal Financials............................................................................................................................... 13
                        3.9.3    Deal Rationale................................................................................................................................ 13
                        3.9.4    Advisor Information ........................................................................................................................ 13
                        3.9.5    Detailed Target Information...........................................................................
								
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