M&A Deal Summary

Marubeni Acquires Oselvar and Enoch Oil Fields

On September 30, 2010, Marubeni acquired oil/gas exploration company Oselvar and Enoch Oil Fields for 150M USD

Acquisition Highlights
  • This is Marubeni’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Marubeni’s 8th largest (disclosed) transaction.
  • This is Marubeni’s 1st transaction in Norway.

M&A Deal Summary

Date 2010-09-30
Target Oselvar and Enoch Oil Fields
Sector Oil/Gas Exploration
Buyer(s) Marubeni
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Oselvar and Enoch Oil Fields

Norway
Oselvar and Enoch Oil Fields comprises two off-shore oil fields. Oselvar is an oil and gas field under development and is located in license PL274 and PL274CS in the southern North Sea

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Buyer(S) 1

Buyer

Marubeni

Tokyo, Japan

Category Company
Founded 1858
Sector Diversified
Employees42,882
Revenue 7.79T JPY (2025)
DESCRIPTION
Marubeni's corporate headquarters in Tokyo, Japan.
Marubeni's corporate headquarters in Tokyo, Japan.

Marubeni is a global trading and investment firm with a diverse range of business interests. Marubeni was founded in 1858 and is based in Tokyo, Japan.


DEAL STATS #
Overall 18 of 71
Sector: Oil/Gas Exploration M&A 2 of 6
Type: Add-on Acquisition M&A Deals 7 of 29
Country: Norway M&A 1 of 1
Year: 2010 M&A 3 of 4
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Minera El Tesoro

Las condes,, Chile

Minera El Tesoro, commenced production in 2001 by way of open cut mining and solvent extraction – electrowinning technology and has capacity to produce about 100,000 tonnes of copper cathode annually. Mirador has oxide resources of 32 million tonnes with approximately 330,000 tonnes of contained copper.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Aguas Nuevas S.A.

Las Condes,, Chile

Aguas Nuevas S.A.provides water supply and sanitation services in Chile.Aguas Nuevas as three subsidiary water companies; Aguas del Altiplano, Aguas Araucania and Aguas Magallanes and provides a full water services (including water and sewerage service, the operation and maintenance of water and sewage network) in 48 cities within Chile’s Region 1, Region 9, Region 12, and Region 15.

Buy $297M