M&A Deal Summary

Aker BP Acquires Lundin Energy - Oil & Gas Business

On December 21, 2021, Aker BP acquired oil/gas exploration company Lundin Energy - Oil & Gas Business from Lundin Energy for 125.0B NOK

Acquisition Highlights
  • This is Aker BP’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Aker BP’s 0th largest (disclosed) transaction.
  • This is Aker BP’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-12-21
Target Lundin Energy - Oil & Gas Business
Sector Oil/Gas Exploration
Buyer(s) Aker BP
Sellers(s) Lundin Energy
Deal Type Divestiture
Deal Value 125.0B NOK

Target

Lundin Energy - Oil & Gas Business

Stockholm, Sweden
Lundin's Oil & Gas Business is one of the lowest carbon intensities of any E&P globally with a World-class asset base with market-leading low operating costs and production efficiency.

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Buyer(S) 1

Buyer

Aker BP

Fornebu, Norway
Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees2,727
Revenue 13.6B NOK (2023)
DESCRIPTION

Aker BP is a provider of oil and gas exploration services. Aker BP was founded in 2001 and is based in Fornebu, Norway.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
Country (Sweden) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Hess Norge

Norway

Hess Norge is a provider of oil and gas exploration services. Hess Norge which owns interests in the Valhall and Hod fields in Norway.

Buy $2.0B

Seller(S) 1

SELLER

Lundin Energy

Stockholm, Sweden
Category Company
Founded 2001
Sector Oil/Gas Exploration
Employees494
Revenue 2.5B SEK (2020)
DESCRIPTION

Lundin Energy is an oil exploration and production with assets in Norway, South East Asia, France, the Netherlands and Russia. Lundin Energy was formed in 2001 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-20 Coparex International SA

Montmirail, France

Coparex International SA is a provider of oil and gas exploration services.

Buy $173M
Mergr

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