M&A Deal Summary

International Petroleum Acquires Cenovus Energy

On September 25, 2017, International Petroleum acquired oil/gas exploration company Cenovus Energy for 512M CAD

Acquisition Highlights
  • This is International Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is International Petroleum’s 2nd largest (disclosed) transaction.
  • This is International Petroleum’s 1st transaction in Canada.
  • This is International Petroleum’s 1st transaction in Alberta.

M&A Deal Summary
Date 2017-09-25
Target Cenovus Energy
Sector Oil/Gas Exploration
Buyer(s) International Petroleum
Deal Type Add-on Acquisition
Deal Value 512M CAD

Target

Cenovus Energy

Calgary, Alberta, Canada
Cenovus Energy, Inc. is an integrated oil company that is focused on its oil projects and its established natural gas and crude oil production in Alberta and Saskatchewan. The company also has ownership in two refineries located in Illinois and Texas.

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Buyer(S) 1

Buyer

International Petroleum

Vancouver, British Columbia, Canada
Category Company
Founded 2017
Sector Oil/Gas Exploration
Employees271
Revenue 960M USD (2023)
DESCRIPTION

International Petroleum is an international oil and gas exploration and production company with a high quality portfolio of assets located in Europe and South East Asia, providing a solid foundation for organic and inorganic growth. International Petroleum was founded in 2017 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Alberta) 1 of 4
Country (Canada) 1 of 4
Year (2017) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 BlackPearl Resources

Calgary, Alberta, Canada

BlackPearl Resources, Inc. is an oil and natural gas company. BlackPearl's current core properties are: Onion Lake, Saskatchewan - a conventional heavy oil property as well as a multi-phase thermal project. Blackrod, Alberta - a bitumen property located in the Athabasca oil sands region of which the Company is currently operating a pilot project using the SAGD recovery process. Mooney, Alberta - a conventional heavy oil property currently developed using both horizontal drilling and ASP flooding. BlackPearl Resources, Inc. was founded in 1984 and is based in Calgary, Alberta.

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