Divestiture • Oil/Gas Exploration

Malampaya Acquires Shell Philippines

On May 20, 2021, Malampaya acquired oil/gas exploration company Shell Philippines from Shell

Acquisition Context
  • This is Malampaya’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Malampaya’s 1st transaction in Philippines.

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M&A Deal Summary

Date May 20, 2021
Target Shell Philippines
Sector Oil/Gas Exploration
Buyer(s) Malampaya
Sellers(s) Shell
Deal Type Divestiture

Target Company

Shell Philippines

Manila, Philippines
Shell Philippines is primarily engaged in the importation and marketing of petroleum products, including gasoline, diesel, jet fuel, fuel oil, lubricants, and bitumen. Shell Philippines is based in Manila, Philippines.
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Buyer Overview 1

Buyer

Malampaya

Philippines

Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Malampaya is a supplier of a significant portion of the Philippines’ energy demand with indigenous gas following a safe transition of the asset and its experienced workforce. Malampaya was formed in 2002 and is based in Philippines.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
Country: Philippines 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

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


Deal Context for Seller #
Overall 17 of 19
Sector: Oil/Gas Exploration 12 of 13
Type: Divestiture 17 of 19
Country: Philippines 1 of 1
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Royal Dutch Shell - Kaybob Duvernay Assets

The Hague, Netherlands

Kaybob Duvernay Assets includes 450,000 net acres in the Fox Creek (Kaybob) and Rocky Mountain House (Willesden Green) areas, along with related infrastructure, currently producing around 30,000 barrels of oil equivalent per day (boe/d) from more than 270 wells.

Sell CA$900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Mobile Chemical Refinery

Mobile, Alabama, United States

Mobile Chemical LP Refinery is designed to process approximately 90,000 barrels per day of crude oil and products that include LPG, diesel fuel, jet fuel, and gasoline. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock.

Sell $75M