M&A Deal Summary

China Oil And Gas Group Acquires Baccalieu Energy

On July 23, 2014, China Oil And Gas Group acquired oil/gas exploration company Baccalieu Energy for 289M USD

Acquisition Highlights
  • This is China Oil And Gas Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is China Oil And Gas Group’s largest (disclosed) transaction.
  • This is China Oil And Gas Group’s 1st transaction in Canada.
  • This is China Oil And Gas Group’s 1st transaction in Alberta.

M&A Deal Summary

Date 2014-07-23
Target Baccalieu Energy
Sector Oil/Gas Exploration
Buyer(s) China Oil And Gas Group
Deal Type Add-on Acquisition
Deal Value 289M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Baccalieu Energy

Calgary, Alberta, Canada
Baccalieu Energy, Inc. is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

China Oil And Gas Group

Causeway Bay, China

Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees4,798
Revenue 18.5B HKD (2023)
DESCRIPTION

China Oil And Gas Group is a company listed on the Main Board of the Hong Kong Stock Exchange, and are principally engaged in investment in natural gas and energy related business. Gas operations of the Group include piped city gas business, pipeline design and construction as well as transportations, distributions, sales of compressed natural gas (CNG), liquefied natural gas (LNG) and liquefied petroleum gas (LPG). China Oil And Gas Group was founded in 1993 and is based in Causeway Bay, China.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1