M&A Deal Summary

Hess Acquires Triton Energy

On August 20, 2001, Hess acquired oil/gas exploration company Triton Energy for 3.2B USD

Acquisition Highlights
  • This is Hess’ 5th transaction in the Oil/Gas Exploration sector.
  • This is Hess’ largest (disclosed) transaction.
  • This is Hess’ 1st transaction in Cayman Islands.

M&A Deal Summary

Date 2001-08-20
Target Triton Energy
Sector Oil/Gas Exploration
Buyer(s) Hess
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Triton Energy

George Town,, Cayman Islands
Triton Energy is an international oil and gas exploration and production company with major oil and gas assets in West Africa, Latin America and Southeast Asia.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hess

New York, New York, United States

Category Company
Founded 1920
Sector Oil/Gas Exploration
Employees1,545
Revenue 11.3B USD (2022)
DESCRIPTION

Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.


DEAL STATS #
Overall 7 of 11
Sector: Oil/Gas Exploration M&A 5 of 8
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Cayman Islands M&A 1 of 1
Year: 2001 M&A 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-20 LLOG Exploration & Production Assets

United States

LLOG Exploration & Production Assets properties are located on the Gulf of Mexico shelf and onshore South Louisiana. Production currently is averaging approximately 200,000 Mcf of natural gas equivalent per day and is expected to rise to 250,000 Mcf of natural gas equivalent per day.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-09 Hess Corp Llano Field

Llano, Texas, United States

The Llano Field is located 20 miles southwest of the Amerada Hess operated Baldpate compliant tower production facility, on Garden Banks Blocks 385 and 386 in the Gulf of Mexico.

Sell $225M