M&A Deal Summary

Sinopec Acquires Henan Petroleum Exploration Bureau

On June 26, 2008, Sinopec acquired oil/gas exploration company Henan Petroleum Exploration Bureau

Acquisition Highlights
  • This is Sinopec’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sinopec’s 1st transaction in China.

M&A Deal Summary
Date 2008-06-26
Target Henan Petroleum Exploration Bureau
Sector Oil/Gas Exploration
Buyer(s) Sinopec
Deal Type Add-on Acquisition

Target

Henan Petroleum Exploration Bureau

Nanyang City, China
Henan Petroleum Exploration Bureau is a provider of an oil and gas exploration, production, crude oil refining, and petrochemistry.

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Buyer(S) 1

Buyer

Sinopec

Beijing, China

website

Category Company
Founded 2000
Sector Oil/Gas Exploration
Employees385,691
Revenue 2,740.9B CNY (2021)
DESCRIPTION

Sinopec is an entity which through its subsidiaries, operates as an integrated oil and gas, and chemical company in the People's Republic of China. Sinopec was founded in 2000 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Sunshine

Calgary, Alberta, Canada

Sunshine is a pure play oil sands company engaging in exploration and production of bitumen resources in the Athabasca oil sands area of Northern Alberta, Canada. The company is focused on in-situ development using Steam Assisted Gravity Drainage. Sunshine was founded in 2007 and is based in Calgary, Canada.

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