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M&A Deal Summary

Perusahaan Listrik Negara Acquires Sarulla Geothermal Project

On July 14, 2003, Perusahaan Listrik Negara acquired oil/gas exploration company Sarulla Geothermal Project from Unocal North Sumatra Geothermal

Acquisition Highlights
  • This is Perusahaan Listrik Negara’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Perusahaan Listrik Negara’s 1st transaction in Indonesia.

M&A Deal Summary
Date 2003-07-14
Target Sarulla Geothermal Project
Sector Oil/Gas Exploration
Buyer(s) Perusahaan Listrik Negara
Sellers(s) Unocal North Sumatra Geothermal
Deal Type Divestiture

Target

Sarulla Geothermal Project

Indonesia
Sarulla Geothermal Project, engages in extensive exploration activities, including drilling 13 wells in three separate prospects.

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Buyer(S) 1

Buyer

Perusahaan Listrik Negara

Medan, Indonesia
Category Company
Sector Utilities
DESCRIPTION

Perusahaan Listrik Negara (Persero), PT produces and distributes electricity in Indonesia.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 1

SELLER

Unocal North Sumatra Geothermal

Indonesia
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Unocal North Sumatra Geothermal, Ltd. (UNSG) is a mining and exploration company.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2003 M&A 1 of 1
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