M&A Deal Summary |
|
|---|---|
| Date | 2021-12-08 |
| Target | Spirit Energy Norway |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Sval Energi |
| Sellers(s) | Spirit Energy |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
SEARCH BY
Try For Free 7-Day Free Trial
Sval Energi was established with the aim of building an energy company with a broad asset base. Currently, Sval Energi holds interests in Gassled, an offshore gas transmission system, and in the Polar led pipeline. As a new generation energy company, Sval sees the need to reduce the industry’s carbon footprint, the world's need for clean energy and also recognizes the profitable business opportunities that arise in the ongoing energy transition. Sval Energi is based in Stavanger, Norway.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Divestiture) | 2 of 3 |
| Country (Norway) | 3 of 4 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-30 |
Edison Norge AS
Stavanger, Norway Edison Norge AS is an energy company that entered the Norwegian Continental Shelf in 2006 and established its Stavanger based office in 2007. The exploration activity has resulted in three discoveries (Dvalin (Zidane) East, West and Nova (formerly known as Skarfjell)) that are now in a development planning phase. |
Buy | $300M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-05 |
Suncor Energy Norge
Stavanger, Norway Suncor Energy Norge is a unique and sustainable energy company. Suncor Energy Norge is based in Stavanger, Norway. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Oil/Gas Exploration |
| Employees | 1,100 |
Spirit Energy is an exploration & production (E&P) company. Spirit Energy was founded in 2017 and is based in Staines-upon-Thames, England.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Norway) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
