Add-on Acquisition • Oil/Gas Exploration

China Petroleum Technology & Development Acquires SAPET Development

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
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

Explore Related M&A Activity

Oil/Gas Exploration M&A - Add-on Acquisition M&A Deals - California M&A - United States M&A - 2001 M&A