M&A Deal Summary |
|
|---|---|
| Date | 2010-04-30 |
| Target | Devon Energy - Panyu Field |
| Sector | Oil/Gas Exploration |
| Buyer(s) | China National Offshore Oil Company |
| Sellers(s) | Devon Energy |
| Deal Type | Divestiture |
| Deal Value | 515M USD |
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China National Offshore Oil Company (CNOOC) is one of the world's largest oil and gas exploration and production companies and is listed on the Hong Kong and New York stock exchanges.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (China) | 1 of 1 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Oil/Gas Exploration |
| Employees | 1,800 |
| Revenue | 15.3B USD (2023) |
Devon Energy a U.S. based independent natural gas and oil producers. The company's operations are focused on North American onshore exploration and production. Devon Energy was founded in 1971 and is based in Oklahoma City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 11 |
| Sector (Oil/Gas Exploration) | 4 of 10 |
| Type (Divestiture) | 5 of 10 |
| Country (China) | 1 of 2 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-11-13 |
Devon Energy - Gabon Assets
United States Devon Energy Corp. - Gabon Assets include an interest in the Kowe block, currently producing approximately 3,750 barrels of oil per day, net to Devon's interest. |
Sell | $206M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-18 |
Block 15/34
China Block 15/34 comprises oil exploration and production property. Currently gross production from the block is 49,000 barrels of oil per day. |
Sell | $515M |
