Divestiture • Oil/Gas Exploration

Delek Group Acquires Royal Dutch Shell - Caesar Tonga Oil Field

On April 11, 2019, Delek Group acquired oil/gas exploration company Royal Dutch Shell - Caesar Tonga Oil Field from Shell for 965M USD

Acquisition Context
  • This is Delek Group’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Delek Group’s 2nd largest (disclosed) transaction.
  • This is Delek Group’s 1st transaction in Mexico.

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M&A Deal Summary

Date April 11, 2019
Target Royal Dutch Shell - Caesar Tonga Oil Field
Sector Oil/Gas Exploration
Buyer(s) Delek Group
Sellers(s) Shell
Deal Type Divestiture
Deal Value 965M USD

Target Company

Royal Dutch Shell - Caesar Tonga Oil Field

Mexico
Royal Dutch Shell plc - Caesar Tonga Oil Field produces approximately a total gross of 71,000 barrels of oil equivalent per day. The Group will be joining three multinational energy companies who already own stakes in the field.
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Buyer Overview 1

Buyer

Delek Group

Herzliya, Israel

Category Company
Founded 1951
Sector Energy Services and Equipment
Employees799
Revenue 12.0B ILS (2024)
DESCRIPTION

Delek Group is a holding company through subsidiaries that retail gasoline and lubricants, and operates gasoline filling stations, convenience stores and a crude oil pipeline and refinery in the United States, holds interests in the energy, infrastructure, automotive, media, finance and wealth management sectors, and owns real estate investments. Delek Group was founded in 1951 and is headquartered in Herzliya, Israel.


Deal Context for Buyer #
Overall 4 of 4
Sector: Oil/Gas Exploration 2 of 2
Type: Divestiture 1 of 1
Country: Mexico 1 of 1
Year: 2019 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Phoenix Insurance

Givatayim, Israel

Phoenix Insurance provides life and health, and general insurance services. The company provides general insurance products in the property, liabilities, and other lines of activity. The company provides accident insurance, critical illness insurance, and also provides life, health, and general reinsurance services. Phoenix Insurance was founded in 1949 and is based in Givatayim, Israel.

Sell -

Seller Profile 1

SELLER

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 13 of 19
Sector: Oil/Gas Exploration 8 of 13
Type: Divestiture 13 of 19
Country: Mexico 1 of 1
Year: 2019 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Limejump

London, United Kingdom

Limejump Ltd. provides virtual power plant services through its network of demand response, storage and smart grid assets. Using machine learning and big data technology, Limejump partners with demand and supply side participants of the energy grid. Limejump was founded in 2013 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Royal Dutch Shell - Martinez Refinery

California, United States

Royal Dutch Shell plc - Martinez Refinery is a high-conversion refinery capable of capturing heavy/sour differentials. Martinez Refinery produces a high percentage of an on-spec clean product including premium gasoline, diesel, and jet fuel. Martinez has a refining capacity of 157,000 barrels per day and a Nelson Complexity Index of 16.1.

Sell $1.0B