M&A Deal Summary

China Petroleum Technology & Development Acquires SAPET Development

On September 27, 2001, China Petroleum Technology & Development acquired oil/gas exploration company SAPET Development

Acquisition Highlights
  • This is China Petroleum Technology & Development’s 1st transaction in the Oil/Gas Exploration sector.
  • This is China Petroleum Technology & Development’s 1st transaction in the United States.
  • This is China Petroleum Technology & Development’s 1st transaction in California.

M&A Deal Summary
Date 2001-09-27
Target SAPET Development
Sector Oil/Gas Exploration
Buyer(s) China Petroleum Technology & Development
Deal Type Add-on Acquisition

Target

SAPET Development

City of Industry, California, United States
SAPET Development Corp. is a operator of exploration and production of crude oil and natural gas.

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Buyer(S) 1

Buyer

China Petroleum Technology & Development

Beijing, China
Category Company
Founded 1987
Sector Energy Services and Equipment
DESCRIPTION

China Petroleum Technology & Development Corp. is engages in the export of the petroleum equipment and materials and provides materials and equipment.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Mergr

Product

Company

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