M&A Deal Summary

Tullow Oil Acquires Hardman Resources Pty

On December 20, 2006, Tullow Oil acquired oil/gas exploration company Hardman Resources Pty

Acquisition Highlights
  • This is Tullow Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Tullow Oil’s 1st transaction in Australia.
  • This is Tullow Oil’s 1st transaction in Washington.

M&A Deal Summary
Date 2006-12-20
Target Hardman Resources Pty
Sector Oil/Gas Exploration
Buyer(s) Tullow Oil
Deal Type Add-on Acquisition

Target

Hardman Resources Pty

West Perth, Washington, Australia
Hardman Resources Pty Ltd. is a developer and producer of oil and gas reserves internationally.

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Buyer(S) 1

Buyer

Tullow Oil

London, United Kingdom

website

Category Company
Founded 1985
Sector Oil/Gas Exploration
Employees730
Revenue 1.8B USD (2022)
DESCRIPTION

Tullow Oil is an independent oil and gas, exploration and production group. Our focus is on finding oil in Africa and the Atlantic Margins, combined with selective development and high-margin production to fund our exploration-led strategy. Tullow Oil was founded in 1985 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (Australia) 1 of 1
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Spring Energy Norway AS

Oslo, Norway

Spring Energy Norway AS is an oil and gas company established by a group of Exploration & Production (E&P) professionals with extensive experience and an excellent track record from the Norwegian Continental Shelf (NCS). The company participates in exploration, appraisal and development projects on the NCS, with the objective of developing a risk balanced portfolio over the next 3 to 5 years.

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