Mw Petroleum-Case Solution 2 Essay - 1615 Words

MW corp By michael_manly | Studymode.com Draft MW Petroleum Corporation (A) Background: In late 1990, the group of Amoco Corporation and Apache Corporation had begun talking regarding the possible acquisition of MW Petroleum from Amoco to Apache. MW Petroleum Corporation is a wholly owned subsidiary of Amoco Corporation which has its own reserves, management team and with full ownership in geologic and engineering data. MW Petroleum, a free-standing exploration company that was even as large as some of independent oil companies. It operated exploration and development for well, approximately working interests in 9,500 wells in 300 production areas. The growth of MW was very attractive to the other investors, which company grows 30%†¦show more content†¦Last January 2012, a subsidiary of Apache Energy Limited acquire 49% interest in Burrup Holdings Limited. They also acquired Wxxon Mobil Corporation’s Monil North Sea Limited assets including the Beryl field and related properties. 2 MW Petroleum Corporation before the Acquisition MW is a wholly-owned subsidiary of Amoco, which they have separate own reserves, management team and with full ownership and wide-ranging geologic and engineerinf data. It operated exploration and development for well, approximately working interests in 9,500 wells in 300 production areas. The company composed of three reserves which are the proved, probable and possible reserves. Each reserve contributes different revenue to the company. An independent petroleum engineering consultants estimates 264 million barrels on an oil equivalent basis. It estimates that the Proves reserves can produce 180.8 MMBOE, Probable reserves can produce 25.8 MMBO and Possible Reserve estimates of 57.1 MMBOE. MW Petroleum Corporation after the Acquisition The acquisition of Apache Corporation to MW Petroleum Corporation was one of the biggest highlights in Apache history. The deal close with the amount of $545 Million it triggers to double the size of Apache. It brought relative balance to Apache’s oil and gas reserves which strategize to partial hedge the oil price volatility. It shifted the center of Apaches geographical mass to theShow MoreRelatedFinancing Green Energy1470 Words   |  6 PagesInvestment in Green Energy Production Case Study-Indonesia Introduction The term Green energy refers to energy sources which have less injurious impacts on the environment in comparison with the traditional sources of fuel such petroleum, coal, natural gas etc. The use of green energy is intended to produce power without causing much harm to the natural habitat and also in a rather pollution free manner. 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