Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Sinopec Acquires 49% In Talisman UK North Sea Business

Talisman Energy Inc. Sinopec
AnnouncedJul 23, 2012
TypeJV
LocationNorth Sea
Announced Date
July 23,2012
Effective Date
January 01,2012
Close Date
December 17,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
1500




Snapshot
Asset/Basin:
{"UK North Sea"}
Location
Region
North Sea

Country
United Kingdom

Play



Transaction Details:  Subscribe to see

Closing Announcement - December 17, 2012

Talisman Energy Inc. today announced the completion of its joint venture transaction with Addax Petroleum UK Limited (APUK), an indirect wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group) following receipt of government and regulatory approval.

"We are very pleased to be partnering with Sinopec in the UK North Sea," said Hal Kvisle, President and CEO of Talisman Energy Inc. "This transaction supports a number of Talisman's key priorities. The proceeds will be used to strengthen our balance sheet, fund our global capital program…



Other North Sea Region's Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-08-2020 - - Click here   E&P
Jan-08-2020 - - Click here   E&P
Oct-16-2019 - - Click here   E&P
Oct-01-2018 - - Click here   E&P
Jul-03-2018 - - Click here   E&P