M&A Deal Summary

Chevron Australia Pty Acquires Blocks S12-2 and S12-3 in the Bight Basin

On October 23, 2013, Chevron Australia Pty acquired oil/gas exploration company Blocks S12-2 and S12-3 in the Bight Basin

Acquisition Highlights
  • This is Chevron Australia Pty’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Chevron Australia Pty’s 2nd transaction in Australia.

M&A Deal Summary

Date 2013-10-23
Target Blocks S12-2 and S12-3 in the Bight Basin
Sector Oil/Gas Exploration
Buyer(s) Chevron Australia Pty
Deal Type Add-on Acquisition

Target

Blocks S12-2 and S12-3 in the Bight Basin

Australia
Blocks S12-2 and S12-3 in the Bight Basin comprises two offshore blocks including blocks S12-2 and S12-3 that provides oil and gas exploration which span more than 32,000 square kilometres.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Chevron Australia Pty

Perth,, Australia

Category Company
Founded 1999
Sector Oil/Gas Exploration
DESCRIPTION

Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; and operates Australia’s onshore oilfield on Barrow Island and the Thevenard Island oilfields.


DEAL STATS #
Overall 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 2 of 3
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1970-01-01 North West Shelf Gas Pty

Perth, Australia

North West Shelf Gas (NWSG) is an agency established by the North West Shelf Project to market domestic gas to gas distribution/aggregation companies, electricity producers, major industrial customers and gas traders in Western Australia.Backed by the North West Shelf Project’s world class reserves and safe and reliable production record, NWSG draws on the capability and experience of some of the world’s leading energy companies.Flexible in our approach, we have a reputation for customer service excellence and providing fair and competitive gas supply solutions.

Buy AU$27.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Puma Energy Holdings Pty

Fortitude Valley, Australia

Puma Energy (Australia) Holdings Pty Ltd. provides natural resources including iron ore, gold, oil and gas. It is also a major exporter of agricultural products, particularly wheat, wool, and wine. Puma Energy (Australia) Holdings is based in Fortitude Valley, Australia.

Buy AU$425M