M&A Deal Summary

Chrysaor Holdings Acquires Royal Dutch Shell - UK North Sea Assets

On January 31, 2017, Chrysaor Holdings acquired oil/gas exploration company Royal Dutch Shell - UK North Sea Assets from Shell for 3.8B USD

Acquisition Highlights
  • This is Chrysaor Holdings’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Chrysaor Holdings’ largest (disclosed) transaction.
  • This is Chrysaor Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-01-31
Target Royal Dutch Shell - UK North Sea Assets
Sector Oil/Gas Exploration
Buyer(s) Chrysaor Holdings
Sellers(s) Shell
Deal Type Divestiture
Deal Value 3.8B USD

Target

Royal Dutch Shell - UK North Sea Assets

United Kingdom
Royal Dutch Shell - UK North Sea Assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion. The package represents total production of some 115kboe/d (Shell share) in 2016. Shell’s total UK North Sea production during 2016 was around 211kboe/d.

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Buyer(S) 1

Buyer

Chrysaor Holdings

London, United Kingdom
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Chrysaor is an oil & gas company focusing on development and commercialisation of dormant discoveries in the UK North Sea and Atlantic Margin. Led by Phil Kirk, management has built a portfolio of three development opportunities. Chrysaor Holdings is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 ConocoPhillips UK - UK Oil & Gas Business

London, United Kingdom

ConocoPhillips UK - UK Oil & Gas Business produces approximately 72,000 barrels of oil equivalent per day (boepd) in the first six months of 2019.

Buy $2.7B

Seller(S) 1

SELLER

Shell

London, United Kingdom
Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees103,000
Revenue 316.6B USD (2023)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, the United Kingdom.

DEAL STATS #
Overall 10 of 19
Sector (Oil/Gas Exploration) 5 of 13
Type (Divestiture) 10 of 19
Country (United Kingdom) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Shell Canada Energy - Oil & Gas Properties

British Columbia, Canada

Shell Canada Energy - Oil & Gas Properties includes 61,000 net acres in the Gundy area of Northeast British Columbia, Canada, and 145,000 net acres in the Deep Basin area of West Central Alberta, Canada. The assets are a combination of developed and undeveloped lands, along with related infrastructure, producing 24,850 barrels of oil equivalent per day (boe/d) of dry gas and liquids.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Royal Dutch Shell - LPG Business In Hong Kong & Macau

China

Royal Dutch Shell plc - LPG Business In Hong Kong & Macau is one of the major LPG sales and marketing businesses in Hong Kong and Macau, where it has been selling LPG for almost sixty years. The business provides LPG in bulk, cylinder and autogas formats to domestic, commercial and industrial customers.

Sell HK$1.2B
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