Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | September 26, 2019 |
| Target | Exxon Mobil - Upstream Operations |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Var Energi |
| Deal Type | Divestiture |
| Deal Value | 4.5B USD |
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| Category | Company |
|---|---|
| Founded | 2018 |
| Sector | Oil/Gas Exploration |
| Employees | 1,400 |
| Revenue | 7.4B USD (2024) |
Var Energi is an independent exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of more than 170,000 barrels of oil equivalent per day. The company operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea, and the North Sea. Var Energi was founded in 2018 and is based in Stavanger, Norway.
| Deal Context for Buyer | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Oil/Gas Exploration | 1 of 2 |
| Type: Divestiture | 1 of 2 |
| State: Texas | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2019 | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-02 |
Vår Energi - Balder/Ringhorne & Ringhorne Øst fields
Stavanger, Norway Vår Energi - Balder/Ringhorne & Ringhorne Øst fields engage in development and production on the Norwegian continental shelf. The partners plan to redevelop the Balder and Ringhorne fields through the Balder X project. The Balder X Project entails major future project activities such as extending the lifetime of the Jotun FPSO towards 2045, drilling of 20 new production wells across the Balder and Ringhorne fields. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-23 |
Neptune Norway
Sandnes, Norway Neptune Norway produces high-value barrels and an asset portfolio supporting long-term sustained value creation and underpins to increase production. Neptune Norway is based in Sandnes, Norway. |
Buy | $2.3B |
