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CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
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Equipment ID   : 1084
Equipment name   : CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Category   : Research Reports
Specifications   : Name of the Report :
CNOOC to Acquire Nexen for $15.1 Billion to Increase its
Global Oil and Gas Portfolio


Published Date : 7-Aug-2012
No. of pages : 9

Table of Contents

1 Table of Contents... 1
1.1 List of Tables... 1
1.2 List of Figures... 1
2 CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio... 1
2.1 Deal Overview... 1
2.2 Deal in Brief... 1
2.3 CNOOC’s 1P Reserves will Increase by around 30% from Rich Oil and Gas Portfolio
of Nexen... 2
2.4 Nexen Shareholders to Gain from the Acqusition... 5
2.5 Enterprise Value of Nexen is Estimated at around $15.4 billion... 6
2.6 Deal Financials and Valuations... 6
2.7 Sources... 8

List of Tables

1.1 List of Tables
Table 1: CNOOC, Major Acquisition Around the World, 2005 till Present... 4
Table 2: Nexen, Valuation, 2012... 6
Table 3: Companies Involved... 6
Table 4: Financials of the Deal... 6
Table 5: Advisor Information... 6
Table 6: Target Information... 6
Table 7: Target’s Financial Information... 7
Table 8: Share Price Information... 7
Table 9: Company Valuation Multiples... 7
Table 10: Target’s Production and Reserves Information... 7
Table 11: Company Valuation Multiples... 8
Table 12: Commodity Prices in $, Last Close... 8
Table 13: Acquirer Information... 8

List of Figures

1.2 List of Figures
Figure 1: Major Segments of Nexen in Different Geographical Regions, 2012... 2
Figure 2: Nexen, Production and Reserves, MMboe and Mboe/d, 2007 –2011... 3
Figure 3: Nexen, Increase in Stock Price in Toronto Stock Exchange, CAD, July 18, 2012 to
July 31, 2012... 5

Summary

CNOOC Limited (CNOOC), through its wholly-owned subsidiary, CNOOC Canada Holding
Ltd., has agreed to acquire Nexen Inc. (Nexen) for a purchase consideration of approximately
$15.1 billion or $27.5 per share in cash, including the assumption of $4.3 billion in debt which
will remain outstanding. The company will fund the acquisition though existing cash resources
and external financing.

Under the terms of the agreement, either party may terminate the transaction if the arrangement
does not occur by January 31, 2013. The parties will have the right to extend this date for
successive periods of 15 days (to a maximum of 75 business days). If the agreement is
terminated under certain circumstances, including if Nexen enters into an agreement with
respect to a superior proposal or if the board of directors of Nexen withdraws or modifies its
recommendation with respect to the proposed transaction, Nexen will pay a termination payment
of $425m to CNOOC. If the agreement is terminated solely as a result of its inability to obtain
PRC approvals, CNOOC will pay Nexen a termination fee of $425m.

BMO Capital Markets Corp. and Citigroup Global Markets Inc. are acting as financial advisors
for the transaction, while Stikeman Elliott LLP and Davis Polk & Wardwell LLP are acting as
legal advisors to CNOOC. The Goldman Sachs Group, Inc. and RBC Capital Markets Inc. are
acting as financial advisors, while Blake Cassels & Graydon LLP and Paul, Weiss, Rifkind,
Wharton and Garrison LLP are acting as legal advisors to Nexen in the transaction.

Scope
- Rationale behind CNOOC acquiring Nexen
- Geography covered - Canada

Reasons to buy

- Develop a sound understanding of CNOOC's acquisitions, issues and challenges in acquiring
Nexen.
- Rationale behind CNOOC's plan to acquire Nexen.

Price

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) :$1,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

Please send an email to mail@worldoils.com

----------------------------------------------------------------------------
Search words (for official use only) :
CNOOC to Acquire Nexen for $15.1 Billion
Nexen Shareholders to Gain from the Acqusition
CNOOC, Major Acquisition Around the World, 2005 till Present

Target’s Financial Information
Deal Financials and Valuations
Target’s Production and Reserves Information

--------------------------------------------------------------------------



     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
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CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
 

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CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Worldoils Oil, Gas and Offshore Marketplace    Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1084
Equipment name   : CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Category   : Research Reports
Specifications   : Name of the Report :
CNOOC to Acquire Nexen for $15.1 Billion to Increase its
Global Oil and Gas Portfolio


Published Date : 7-Aug-2012
No. of pages : 9

Table of Contents

1 Table of Contents... 1
1.1 List of Tables... 1
1.2 List of Figures... 1
2 CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio... 1
2.1 Deal Overview... 1
2.2 Deal in Brief... 1
2.3 CNOOC’s 1P Reserves will Increase by around 30% from Rich Oil and Gas Portfolio
of Nexen... 2
2.4 Nexen Shareholders to Gain from the Acqusition... 5
2.5 Enterprise Value of Nexen is Estimated at around $15.4 billion... 6
2.6 Deal Financials and Valuations... 6
2.7 Sources... 8

List of Tables

1.1 List of Tables
Table 1: CNOOC, Major Acquisition Around the World, 2005 till Present... 4
Table 2: Nexen, Valuation, 2012... 6
Table 3: Companies Involved... 6
Table 4: Financials of the Deal... 6
Table 5: Advisor Information... 6
Table 6: Target Information... 6
Table 7: Target’s Financial Information... 7
Table 8: Share Price Information... 7
Table 9: Company Valuation Multiples... 7
Table 10: Target’s Production and Reserves Information... 7
Table 11: Company Valuation Multiples... 8
Table 12: Commodity Prices in $, Last Close... 8
Table 13: Acquirer Information... 8

List of Figures

1.2 List of Figures
Figure 1: Major Segments of Nexen in Different Geographical Regions, 2012... 2
Figure 2: Nexen, Production and Reserves, MMboe and Mboe/d, 2007 –2011... 3
Figure 3: Nexen, Increase in Stock Price in Toronto Stock Exchange, CAD, July 18, 2012 to
July 31, 2012... 5

Summary

CNOOC Limited (CNOOC), through its wholly-owned subsidiary, CNOOC Canada Holding
Ltd., has agreed to acquire Nexen Inc. (Nexen) for a purchase consideration of approximately
$15.1 billion or $27.5 per share in cash, including the assumption of $4.3 billion in debt which
will remain outstanding. The company will fund the acquisition though existing cash resources
and external financing.

Under the terms of the agreement, either party may terminate the transaction if the arrangement
does not occur by January 31, 2013. The parties will have the right to extend this date for
successive periods of 15 days (to a maximum of 75 business days). If the agreement is
terminated under certain circumstances, including if Nexen enters into an agreement with
respect to a superior proposal or if the board of directors of Nexen withdraws or modifies its
recommendation with respect to the proposed transaction, Nexen will pay a termination payment
of $425m to CNOOC. If the agreement is terminated solely as a result of its inability to obtain
PRC approvals, CNOOC will pay Nexen a termination fee of $425m.

BMO Capital Markets Corp. and Citigroup Global Markets Inc. are acting as financial advisors
for the transaction, while Stikeman Elliott LLP and Davis Polk & Wardwell LLP are acting as
legal advisors to CNOOC. The Goldman Sachs Group, Inc. and RBC Capital Markets Inc. are
acting as financial advisors, while Blake Cassels & Graydon LLP and Paul, Weiss, Rifkind,
Wharton and Garrison LLP are acting as legal advisors to Nexen in the transaction.

Scope
- Rationale behind CNOOC acquiring Nexen
- Geography covered - Canada

Reasons to buy

- Develop a sound understanding of CNOOC's acquisitions, issues and challenges in acquiring
Nexen.
- Rationale behind CNOOC's plan to acquire Nexen.

Price

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) :$1,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

Please send an email to mail@worldoils.com

----------------------------------------------------------------------------
Search words (for official use only) :
CNOOC to Acquire Nexen for $15.1 Billion
Nexen Shareholders to Gain from the Acqusition
CNOOC, Major Acquisition Around the World, 2005 till Present

Target’s Financial Information
Deal Financials and Valuations
Target’s Production and Reserves Information

--------------------------------------------------------------------------



     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Images
 
CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
 

To enquire on this equipment, please send an email to

The information contained herein is believed to be accurate but has not been verified. This equipment is subject to prior sale and sold “where-is as-is” with no warranties from Worldoils Pte Ltd or the Seller expressed or implied.
Worldoils Oil, Gas and Offshore Marketplace    Worldoils Oil, Gas and Offshore Marketplace

 

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If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.

CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Worldoils Oil, Gas and Offshore Marketplace    
Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1084
Equipment name   : CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Category   : Research Reports
 
Specifications  :
Name of the Report :
CNOOC to Acquire Nexen for $15.1 Billion to Increase its
Global Oil and Gas Portfolio


Published Date : 7-Aug-2012
No. of pages : 9

Table of Contents

1 Table of Contents... 1
1.1 List of Tables... 1
1.2 List of Figures... 1
2 CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio... 1
2.1 Deal Overview... 1
2.2 Deal in Brief... 1
2.3 CNOOC’s 1P Reserves will Increase by around 30% from Rich Oil and Gas Portfolio
of Nexen... 2
2.4 Nexen Shareholders to Gain from the Acqusition... 5
2.5 Enterprise Value of Nexen is Estimated at around $15.4 billion... 6
2.6 Deal Financials and Valuations... 6
2.7 Sources... 8

List of Tables

1.1 List of Tables
Table 1: CNOOC, Major Acquisition Around the World, 2005 till Present... 4
Table 2: Nexen, Valuation, 2012... 6
Table 3: Companies Involved... 6
Table 4: Financials of the Deal... 6
Table 5: Advisor Information... 6
Table 6: Target Information... 6
Table 7: Target’s Financial Information... 7
Table 8: Share Price Information... 7
Table 9: Company Valuation Multiples... 7
Table 10: Target’s Production and Reserves Information... 7
Table 11: Company Valuation Multiples... 8
Table 12: Commodity Prices in $, Last Close... 8
Table 13: Acquirer Information... 8

List of Figures

1.2 List of Figures
Figure 1: Major Segments of Nexen in Different Geographical Regions, 2012... 2
Figure 2: Nexen, Production and Reserves, MMboe and Mboe/d, 2007 –2011... 3
Figure 3: Nexen, Increase in Stock Price in Toronto Stock Exchange, CAD, July 18, 2012 to
July 31, 2012... 5

Summary

CNOOC Limited (CNOOC), through its wholly-owned subsidiary, CNOOC Canada Holding
Ltd., has agreed to acquire Nexen Inc. (Nexen) for a purchase consideration of approximately
$15.1 billion or $27.5 per share in cash, including the assumption of $4.3 billion in debt which
will remain outstanding. The company will fund the acquisition though existing cash resources
and external financing.

Under the terms of the agreement, either party may terminate the transaction if the arrangement
does not occur by January 31, 2013. The parties will have the right to extend this date for
successive periods of 15 days (to a maximum of 75 business days). If the agreement is
terminated under certain circumstances, including if Nexen enters into an agreement with
respect to a superior proposal or if the board of directors of Nexen withdraws or modifies its
recommendation with respect to the proposed transaction, Nexen will pay a termination payment
of $425m to CNOOC. If the agreement is terminated solely as a result of its inability to obtain
PRC approvals, CNOOC will pay Nexen a termination fee of $425m.

BMO Capital Markets Corp. and Citigroup Global Markets Inc. are acting as financial advisors
for the transaction, while Stikeman Elliott LLP and Davis Polk & Wardwell LLP are acting as
legal advisors to CNOOC. The Goldman Sachs Group, Inc. and RBC Capital Markets Inc. are
acting as financial advisors, while Blake Cassels & Graydon LLP and Paul, Weiss, Rifkind,
Wharton and Garrison LLP are acting as legal advisors to Nexen in the transaction.

Scope
- Rationale behind CNOOC acquiring Nexen
- Geography covered - Canada

Reasons to buy

- Develop a sound understanding of CNOOC's acquisitions, issues and challenges in acquiring
Nexen.
- Rationale behind CNOOC's plan to acquire Nexen.

Price

Single User Price : $500
Site License Price : $1,000
Enterprisewide Price (Global Site License) :$1,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

Please send an email to mail@worldoils.com

----------------------------------------------------------------------------
Search words (for official use only) :
CNOOC to Acquire Nexen for $15.1 Billion
Nexen Shareholders to Gain from the Acqusition
CNOOC, Major Acquisition Around the World, 2005 till Present

Target’s Financial Information
Deal Financials and Valuations
Target’s Production and Reserves Information

--------------------------------------------------------------------------



     
Worldoils Oil, Gas and Offshore Marketplace
Worldoils Oil, Gas and Offshore Marketplace - CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
Images
 
CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Report
 

To enquire on this equipment, please send an email to

The information contained herein is believed to be accurate but has not been verified. This equipment is subject to prior sale and sold “where-is as-is” with no warranties from Worldoils Pte Ltd or the Seller expressed or implied.
Worldoils Oil, Gas and Offshore Marketplace    
Worldoils Oil, Gas and Offshore Marketplace

 


 

If you cannot find the new or used offshore rigs, vessels or equipment of any type, size or make that you are looking for, please send us an email to and we shall offer you.


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