M&A Deal Summary

Marathon Oil Acquires Khanty Mansiysk Oil

On May 13, 2004, Marathon Oil acquired oil/gas exploration company Khanty Mansiysk Oil for 280M USD

Acquisition Highlights
  • This is Marathon Oil’s 6th transaction in the Oil/Gas Exploration sector.
  • This is Marathon Oil’s 8th largest (disclosed) transaction.
  • This is Marathon Oil’s 4th transaction in the United States.
  • This is Marathon Oil’s 1st transaction in New York.

M&A Deal Summary
Date 2004-05-13
Target Khanty Mansiysk Oil
Sector Oil/Gas Exploration
Buyer(s) Marathon Oil
Deal Type Add-on Acquisition
Deal Value 280M USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Khanty Mansiysk Oil

New York, New York, United States
Khanty Mansiysk Oil Corporation is a private US-domiciled company focused on oil production in the Russian Federation. KMOC is currently developing nine oil fields in the Khanty-Mansiysk region of western Siberia. KMOC is headquartered in New York, with major offices in Moscow and Khanty Mansiysk, Russia.

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Buyer(S) 1

Buyer

Marathon Oil

Houston, Texas, United States
Category Company
Founded 1886
Sector Oil/Gas Exploration
Employees1,700
Revenue 6.4B USD (2023)
DESCRIPTION
Marathon Oil's corporate headquarters in Houston, Texas.
Marathon Oil's corporate headquarters in Houston, Texas.

Marathon Oil is an international oil exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.

DEAL STATS #
Overall 6 of 11
Sector (Oil/Gas Exploration) 6 of 11
Type (Add-on Acquisition) 3 of 6
State (New York) 1 of 1
Country (United States) 4 of 8
Year (2004) 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-08 Globex Energy

Houston, Texas, United States

Globex Energy, Inc. is an internationally focused oil and gas company engaged in exploration and production projects exclusively outside of the United States.Globex is an independent exploration and production company with operations exclusively outside the US.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-30 Marathon Ashland Petroleum

Finland, Ohio, United States

Based in Findlay, Ohio, Marathon Ashland Petroleum LLC (MAP), owned 62 percent by Marathon Oil Company -- a part of USX-Marathon Group (NYSE: MRO) -- and 38 percent by Ashland Inc. (NYSE: ASH), is the nation's fifth largest refiner with nearly 1,000,000 barrels-per-day of refining capacity.The company's operations stretch across 23 states with refining, transportation, and marketing systems positioned to respond to market changes and challenges.

Buy -
Mergr

Product

Company

Legal