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Investment Summary

CNOOC Invests In North West Shelf Gas Pty

On August 23, 2002, CNOOC invested in oil/gas exploration company North West Shelf Gas Pty for 320M USD

Investment Highlights
  • This is CNOOC’s 1st transaction in the Oil/Gas Exploration sector.
  • This is CNOOC’s 5th largest (disclosed) transaction.
  • This is CNOOC’s 1st transaction in Australia.

Investment Summary
Date 2002-08-23
Target North West Shelf Gas Pty
Sector Oil/Gas Exploration
Investor(s) CNOOC
Deal Type Stake Purchase
Deal Value 320M USD

Target

North West Shelf Gas Pty

Perth, Australia
North West Shelf Gas (NWSG) is an agency established by the North West Shelf Project to market domestic gas to gas distribution/aggregation companies, electricity producers, major industrial customers and gas traders in Western Australia.Backed by the North West Shelf Project’s world class reserves and safe and reliable production record, NWSG draws on the capability and experience of some of the world’s leading energy companies.Flexible in our approach, we have a reputation for customer service excellence and providing fair and competitive gas supply solutions.

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Investor(S) 1

Investor

CNOOC

Hong Kong, China
Category Company
Founded 1999
Sector Oil/Gas Exploration
Employees22,181
Revenue 426.3B CNY (2024)
DESCRIPTION

CNOOC is a producer of offshore crude oil and natural gas in China and one of the independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sale of oil and natural gas. CNOOC was founded in 1999 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 6
Sector: Oil/Gas Exploration M&A 1 of 6
Type: Stake Purchase M&A Deals 1 of 3
Country: Australia M&A 1 of 1
Year: 2002 M&A 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-17 Marathon International Petroleum Angola Block 32

Cayman Islands

Marathon International Petroleum Angola Block 32 Ltd.with an acreage of 5,090 square kilometers, is an oil rich deepwater exploration block with 12 oil discoveries. The block is located about 150 kilometers off the coast in a water depth of 1400 to 2200 meters.

Buy $1.3B
Mergr

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