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Investment Summary

ONGC Videsh Invests In The Baku-Tbilisi-Ceyhan Pipeline Co.

On March 28, 2013, ONGC Videsh invested in oil/gas exploration company The Baku-Tbilisi-Ceyhan Pipeline Co. from Hess

Investment Highlights
  • This is ONGC Videsh’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is ONGC Videsh’s 2nd transaction in Azerbaijan.

Investment Summary
Date 2013-03-28
Target The Baku-Tbilisi-Ceyhan Pipeline Co.
Sector Oil/Gas Exploration
Investor(s) ONGC Videsh
Sellers(s) Hess
Deal Type Stake Purchase

Target

The Baku-Tbilisi-Ceyhan Pipeline Co.

Baku,, Azerbaijan
The Baku-Tbilisi-Ceyhan Pipeline Co. engages in the construction and operation of Baku-Tbilisi-Ceyhan pipeline that transport crude oil from Azerbaijan to Turkey.

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Investor(S) 1

Investor

ONGC Videsh

New Delhi,, India
Category Company
Founded 1965
Sector Oil/Gas Exploration
Employees312
DESCRIPTION

ONGC Videsh Limited acquires, explores, develops, produces, transports, and exports oil and gas in India and internationally.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Stake Purchase M&A Deals 2 of 2
Country: Azerbaijan M&A 2 of 2
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Azeri-Chirag-Gunashli Oil Field Development Project

Azerbaijan

Azeri-Chirag-Gunashli Oil Field Development Project comprises oil and gas reserves and contains 5.4 billion barrels of recoverable oil with total output of million barrels a day.

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Seller(S) 1

SELLER

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 5 of 15
Sector: Oil/Gas Exploration M&A 4 of 11
Type: Stake Purchase M&A Deals 2 of 3
Country: Azerbaijan M&A 2 of 2
Year: 2013 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-28 Azeri-Chirag-Gunashli Oil Field Development Project

Azerbaijan

Azeri-Chirag-Gunashli Oil Field Development Project comprises oil and gas reserves and contains 5.4 billion barrels of recoverable oil with total output of million barrels a day.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 ZAO Samara-Nafta

Samara, Russia

ZAO Samara-Nafta is engaged in production, treatment, storage, metering, and custody transfer of oil and gas products in Samara and Ulyanovsk regions. Samara-Nafta is currently producing 50,000 barrels of oil equivalent per day in the Volga-Urals region of Russia.

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