Investment Summary

BP Berau Invests In Tangguh LNG

On January 1, 2001, BP Berau invested in oil/gas exploration company Tangguh LNG

Investment Highlights
  • This is BP Berau’s 1st transaction in the Oil/Gas Exploration sector.
  • This is BP Berau’s 1st transaction in Indonesia.

Investment Summary

Date 2001-01-01
Target Tangguh LNG
Sector Oil/Gas Exploration
Investor(s) BP Berau
Deal Type Stake Purchase

Target

Tangguh LNG

Jakarta, Indonesia
Tangguh LNG is a major multinational project involving the development of six gas fields in the Wiriagar, Berau and Muturi Production Sharing Contracts (PSC) in Bintuni Bay, Papua Barat.Tangguh started production in 2009, just four years after its initial sanction by the Government of Indonesia, and is operating at design capacity with work now ongoing to expand the plant through the addition of a third train (Train 3).

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Investor(S) 1

Investor

BP Berau

Indonesia

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

BP Berau Ltd.engages in oil and gas resource development and operates as a subsidiary of BP plc.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2001 M&A 1 of 1