Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | July 10, 2019 |
| Target | Total S.A. - UK non-core Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Petrogas E&P |
| Sellers(s) | TotalEnergies |
| Deal Type | Divestiture |
| Deal Value | 635M USD |
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Petrogas E&P LLC is the holding company for MB Group’s Exploration and Production (E&P) assets in Oman, Egypt and The Netherlands. Petrogas E&P subsidiaries are engaged in the full range of Oil & Gas activities from exploration through appraisal, development, and production. Petrogas E&P LLC was founded in 1999 and is based in Muscat, Oman.
| Deal Context for Buyer | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| Country: United Kingdom | 1 of 1 |
| Year: 2019 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1924 |
| Sector | Oil/Gas Exploration |
| Employees | 62,796 |
| Revenue | 195.6B USD (2024) |
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.
| Deal Context for Seller | # |
|---|---|
| Overall | 7 of 13 |
| Sector: Oil/Gas Exploration | 3 of 4 |
| Type: Divestiture | 7 of 11 |
| Country: United Kingdom | 1 of 2 |
| Year: 2019 | 1 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-01 |
Neo Next+
Aberdeen, United Kingdom Neo Next+ manages a portfolio of oil and gas assets, and also coordinates decommissioning programmes for mature fields, indicating the firm handles full-cycle upstream operations, including production, maintenance, and decommissioning. NEO Energy was founded in 2019 and is based in Aberdeen, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-05 |
Société des Transports Pétroliers par Pipelines
Paris, France Société des Transports Pétroliers par Pipelines (Trapil) build and operate a pipeline and auxiliary installations to transport refined petroleum products between the Basse-Seine and Paris regions. Trapil is Europe’s oldest, largest civilian pipeline network, comprising 1,375 kilometers of pipe, 28 pumping stations, and 27 delivery terminals. |
Sell | €260M |
