M&A Deal Summary

Oranje-Nassau Energie B.V. Acquires Devon Energy - Gabon Assets

On November 13, 2008, Oranje-Nassau Energie B.V. acquired oil/gas exploration company Devon Energy - Gabon Assets from Devon Energy for 206M USD

Acquisition Highlights
  • This is Oranje-Nassau Energie B.V.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Oranje-Nassau Energie B.V.’s largest (disclosed) transaction.
  • This is Oranje-Nassau Energie B.V.’s 1st transaction in the United States.

M&A Deal Summary
Date 2008-11-13
Target Devon Energy - Gabon Assets
Sector Oil/Gas Exploration
Buyer(s) Oranje-Nassau Energie B.V.
Sellers(s) Devon Energy
Deal Type Divestiture
Deal Value 206M USD

Target

Devon Energy - Gabon Assets

United States
Devon Energy Corp. - Gabon Assets include an interest in the Kowe block, currently producing approximately 3,750 barrels of oil per day, net to Devon's interest.

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Buyer(S) 1

Buyer

Oranje-Nassau Energie B.V.

Amsterdam, Netherlands
Category Company
Founded 1991
Sector Oil/Gas Exploration
DESCRIPTION

Oranje-Nassau Energie B.V. is a privately owned oil & gas company with investments in oil & gas fields in The Netherlands, UK, and Gabon.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Cirrus Energy

Calgary, Alberta, Canada

Cirrus Energy Corporation is an international oil and gas company.

Buy $102M

Seller(S) 1

SELLER

Devon Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1971
Sector Oil/Gas Exploration
Employees1,800
Revenue 15.3B USD (2023)
DESCRIPTION

Devon Energy a U.S. based independent natural gas and oil producers. The company's operations are focused on North American onshore exploration and production. Devon Energy was founded in 1971 and is based in Oklahoma City.

DEAL STATS #
Overall 4 of 11
Sector (Oil/Gas Exploration) 3 of 10
Type (Divestiture) 4 of 10
Country (United States) 3 of 8
Year (2008) 3 of 3
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-08 Devon Energy - Equatorial Guinea Assets

South Africa

Devon Energy Corp. - Equatorial Guinea Assets consists of offshore oil field, located on Block B.

Sell $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-30 Devon Energy - Panyu Field

China

Devon Energy Corp. - Panyu Field is a provider of oil and gas exploration services.

Sell $515M
Mergr

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