M&A Deal Summary

Sval Energi Acquires Wintershall Dea - Polarled pipeline

On October 1, 2019, Sval Energi acquired oil/gas exploration company Wintershall Dea - Polarled pipeline from Wintershall Dea

Acquisition Highlights
  • This is Sval Energi’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sval Energi’s 1st transaction in Norway.

M&A Deal Summary

Date 2019-10-01
Target Wintershall Dea - Polarled pipeline
Sector Oil/Gas Exploration
Buyer(s) Sval Energi
Sellers(s) Wintershall Dea
Deal Type Divestiture

Target

Wintershall Dea - Polarled pipeline

Norway
Wintershall Dea GmbH - Polarled is a pipeline on the Norwegian continental shelf crossing the Arctic Circle.

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Buyer(S) 1

Buyer

Sval Energi

Stavanger, Norway

Category Company
Sector Energy Services and Equipment
DESCRIPTION

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 1 of 4
Sector: Oil/Gas Exploration M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
Country: Norway M&A 1 of 4
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
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

Seller(S) 1

SELLER

Wintershall Dea

Kassel, Germany

Category Company
Founded 1894
Sector Oil/Gas Exploration
DESCRIPTION

Wintershall Dea engages in exploration and production of natural gas and crude oil as well as natural gas trading. Wintershall Dea was founded in 1894 and is based in Kassel, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 DEA

Hamburg, Germany

DEA was an international oil and gas company. DEA was founded in 1899 and is based in Hamburg, Germany.

Buy -