M&A Deal Summary

Vermilion Energy Acquires Equinor Energy Ireland

On April 3, 2023, Vermilion Energy acquired oil/gas exploration company Equinor Energy Ireland from Equinor for 434M USD

Acquisition Highlights
  • This is Vermilion Energy’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Vermilion Energy’s 3rd largest (disclosed) transaction.
  • This is Vermilion Energy’s 1st transaction in Ireland.

M&A Deal Summary

Date 2023-04-03
Target Equinor Energy Ireland
Sector Oil/Gas Exploration
Buyer(s) Vermilion Energy
Sellers(s) Equinor
Deal Type Divestiture
Deal Value 434M USD

Target

Equinor Energy Ireland

Ireland
Equinor Energy Ireland is an integrated oil and gas company with operations worldwide.

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Buyer(S) 1

Buyer

Vermilion Energy

Calgary, Alberta, Canada

website


Category Company
Founded 1994
Sector Oil/Gas Exploration
Employees747
Revenue 3.7B CAD (2022)
DESCRIPTION

Vermilion Energy is an oil and gas producer. Vermilion adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Vermilion Energy was founded in 1994 and is based in Calgary, Canada.


DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 4 of 4
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Leucrotta Exploration

Calgary, Alberta, Canada

Leucrotta Exploration is an oil and natural gas exploration and development company. Leucrotta Exploration is based in Calgary, Alberta.

Buy $477M

Seller(S) 1

SELLER

Equinor

Stavanger, Norway

website


Category Company
Founded 1972
Sector Oil/Gas Exploration
Employees21,936
Revenue 149.0B USD (2022)
DESCRIPTION
Statoil office in Houston, Texas.
Statoil office in Houston, Texas.

Equinor is an integrated oil and gas company with operations worldwide. Equinor was founded in 1972 and is based in Stavanger, Norway.


DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 East Point Energy

Charlottesville, Virginia, United States

East Point Energy develops standalone, grid-scale energy storage projects that enable a more renewable, resilient, and affordable electric grid. East Point is currently developing gigawatts of energy storage projects throughout the country and has transacted on several hundred megawatts with some of the largest, most sophisticated energy investors in the country. East Point Energy was formed in 2018 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-21 Rio Energy

Rio de Janeiro, Brazil

Rio Energy is a renewable power platform with 485MW of wind projects in operation, 144MW under construction, and 2,000MW+ of project pipeline opportunities. Rio Energy was founded in 2012 and is based in Rio de Janeiro, Brazil.

Buy -