Investment Summary

CNOOC Muturi Invests In Tangguh LNG

On September 27, 2002, CNOOC Muturi invested in oil/gas exploration company Tangguh LNG from BP for 275M USD

Investment Highlights
  • This is CNOOC Muturi’s 1st transaction in the Oil/Gas Exploration sector.
  • This is CNOOC Muturi’s largest (disclosed) transaction.
  • This is CNOOC Muturi’s 1st transaction in Indonesia.

Investment Summary
Date 2002-09-27
Target Tangguh LNG
Sector Oil/Gas Exploration
Investor(s) CNOOC Muturi
Sellers(s) BP
Deal Type Stake Purchase
Deal Value 275M USD

Target

Tangguh LNG

Jakarta, Indonesia
Tangguh LNG is a major multinational project involving the development of six gas fields in the Wiriagar, Berau and Muturi Production Sharing Contracts (PSC) in Bintuni Bay, Papua Barat.Tangguh started production in 2009, just four years after its initial sanction by the Government of Indonesia, and is operating at design capacity with work now ongoing to expand the plant through the addition of a third train (Train 3).

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Investor(S) 1

Investor

CNOOC Muturi

Indonesia
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

CNOOC Muturi Limited explores, develops, and markets natural gas and company operates as a subsidiary of CNOOC Ltd.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Indonesia) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

BP

London, United Kingdom
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 210.1B USD (2023)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.

DEAL STATS #
Overall 4 of 16
Sector (Oil/Gas Exploration) 1 of 8
Type (Stake Purchase) 1 of 7
Country (Indonesia) 1 of 1
Year (2002) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-19 PayPoint Electronic Payment Systems

Los Angeles, California, United States

PayPoint Electronic Payment Systems, Inc. is the largest processors of personal identification number (PIN)-based debit transactions and a leading national electronic payment processor.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-07 Sericol

Kansas City, Kansas, United States

Sericol, Inc. is a global ink manufacturer and supplier focused on screen inks and related products.

Sell £75M
Mergr

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