M&A Deal Summary

Chevron Australia Pty Acquires Puma Energy Holdings Pty

On December 18, 2019, Chevron Australia Pty acquired oil/gas exploration company Puma Energy Holdings Pty from Puma Energy International SA for 425M AUD

Acquisition Highlights
  • This is Chevron Australia Pty’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Chevron Australia Pty’s 2nd largest (disclosed) transaction.
  • This is Chevron Australia Pty’s 3rd transaction in Australia.

M&A Deal Summary

Date 2019-12-18
Target Puma Energy Holdings Pty
Sector Oil/Gas Exploration
Buyer(s) Chevron Australia Pty
Sellers(s) Puma Energy International SA
Deal Type Divestiture
Deal Value 425M AUD

Target

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.

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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 3 of 3
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 3 of 3
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 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.

Buy -

Seller(S) 1

SELLER

Puma Energy International SA

Geneva, Switzerland

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Puma Energy International SA is a global energy business with a customer-focused approach to safely providing energy solutions in 47 countries across six continents. Puma Energy has around 3,000 retail sites, a presence at over 80 airports and a network of 100 storage terminals.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1