M&A Deal Summary

BHP Acquires Exploration Assets - Falkland Oil & Gas

On October 2, 2007, BHP acquired oil/gas exploration company Exploration Assets - Falkland Oil & Gas from Falkland Oil & Gas

Acquisition Highlights
  • This is BHP’s 1st transaction in the Oil/Gas Exploration sector.
  • This is BHP’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2007-10-02
Target Exploration Assets - Falkland Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) BHP
Sellers(s) Falkland Oil & Gas
Deal Type Divestiture

Target

Exploration Assets - Falkland Oil & Gas

London, United Kingdom
Exploration Assets - Falkland Oil & Gas Ltd. are 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic.

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Buyer(S) 1

Buyer

BHP

Melbourne, Australia

Category Company
Founded 1851
Sector Metals/Mining
Employees39,369
Revenue 51.3B USD (2025)
DESCRIPTION

BHP is a multinational mining and oil/gas exploration company. BHP was founded in 1851 and is based in Melbourne, Australia.


DEAL STATS #
Overall 4 of 8
Sector: Oil/Gas Exploration M&A 1 of 3
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 WMC Resources

Kalgoorlie, Australia

WMC Resources Ltd. is a diversified mining and fertilizer company.

Buy AU$9.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-28 Athabasca Potash

Saskatoon, Saskatchewan, Canada

Athabasca Potash, Inc. provides potash to Saskatchewan basin.

Buy $341M

Seller(S) 1

SELLER

Falkland Oil & Gas

London, United Kingdom

Category Company
Founded 2004
Sector Oil/Gas Exploration
DESCRIPTION

Falkland Oil & Gas Ltd. is an oil and gas exploration company with extensive licenses offshore the Falkland Islands. Falkland Oil & Gas was founded in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-05 Desire Petroleum

Malvern, United Kingdom

Desire Petroleum PLC is a provider of oil and gas exploration services of its licenses in the North Falkland Basin.

Buy £61M