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M&A Deal Summary

PTT Exploration and Production Public Co. Acquires Sinphuhorm and Pailin Fields Project

On April 23, 2014, PTT Exploration and Production Public Co. acquired oil/gas exploration company Sinphuhorm and Pailin Fields Project from Hess

Acquisition Highlights
  • This is PTT Exploration and Production Public Co.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is PTT Exploration and Production Public Co.’s 1st transaction in Thailand.

M&A Deal Summary
Date 2014-04-23
Target Sinphuhorm and Pailin Fields Project
Sector Oil/Gas Exploration
Buyer(s) PTT Exploration and Production Public Co.
Sellers(s) Hess
Deal Type Divestiture

Target

Sinphuhorm and Pailin Fields Project

Thailand
Sinphuhorm and Pailin Fields Project, provides oil and gas exploration services.

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Buyer(S) 1

Buyer

PTT Exploration and Production Public Co.

Bangkok,, Thailand
Category Company
Founded 1985
Sector Oil/Gas Exploration
DESCRIPTION

PTT Exploration and Production Public Company Limited explores for and produces petroleum in Thailand and internationally.

DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Thailand M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Murphy Oil - Malaysian subsidiaries

Malaysia

Murphy Oil Corp. - Malaysian subsidiaries include Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., provides oil and natural gas exploration and production services in Malaysia.

Buy $2.1B

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 11 of 15
Sector: Oil/Gas Exploration M&A 9 of 11
Type: Divestiture M&A Deals 8 of 11
Country: Thailand M&A 1 of 1
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-10 Pangkah Project and Natuna Sea A Project

Indonesia

Pangkah Project and Natuna Sea A Project comprises Pangkah oil field produces an average of 9,000 barrels of oil equivalent per day.

Sell $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Hess Retail Holdings

New York, New York, United States

Hess Retail Holdings LLC, provides retail and markets gasoline and petroleum refined products.

Sell $2.9B
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