M&A Deal Summary

PT Saka Energi Indonesia Acquires Pangkah Project and Natuna Sea A Project

On January 10, 2014, PT Saka Energi Indonesia acquired oil/gas exploration company Pangkah Project and Natuna Sea A Project from Hess for 650M USD

Acquisition Highlights
  • This is PT Saka Energi Indonesia’s 1st transaction in the Oil/Gas Exploration sector.
  • This is PT Saka Energi Indonesia’s largest (disclosed) transaction.
  • This is PT Saka Energi Indonesia’s 1st transaction in Indonesia.

M&A Deal Summary

Date 2014-01-10
Target Pangkah Project and Natuna Sea A Project
Sector Oil/Gas Exploration
Buyer(s) PT Saka Energi Indonesia
Sellers(s) Hess
Deal Type Divestiture
Deal Value 650M USD

Target

Pangkah Project and Natuna Sea A Project

Indonesia
Pangkah Project and Natuna Sea A Project comprises Pangkah oil field produces an average of 9,000 barrels of oil equivalent per day.

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Buyer(S) 1

Buyer

PT Saka Energi Indonesia

Indonesia

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

PT Saka Energi Indonesia, engages in exploration of natural gas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Indonesia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Hess

New York, New York, United States

website


Category Company
Founded 1920
Sector Oil/Gas Exploration
Employees1,545
Revenue 11.3B USD (2022)
DESCRIPTION

Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.


DEAL STATS #
Overall 10 of 15
Sector (Oil/Gas Exploration) 8 of 11
Type (Divestiture) 7 of 11
Country (Indonesia) 1 of 1
Year (2014) 1 of 3
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Hess U.S. East Coast Bunkering Business

United States

Hess U.S. East Coast Bunkering Business engages in supply of fuels to the ports of New York, Philadelphia, Baltimore, Norfolk and Charleston. The business includes 250,000 cubic meters of leased tank storage.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 Sinphuhorm and Pailin Fields Project

Thailand

Sinphuhorm and Pailin Fields Project, provides oil and gas exploration services.

Sell -