Announced
Completed
Financials
Tags
oil and gas
Single Bidder
Completed
Offshore Drilling and Other Services
Brunei Darussalam
Friendly
Majority
Private
Acquisition
Synopsis
Shell, a British-Dutch oil and gas company, completed the acquisition of Total E&P Deep Offshore Borneo, which holds an 86.95% interest in Block CA1, an oil exploration asset in Brunei, for $300m. "This transaction is consistent with Shell's deep water strategy to deliver competitive growth from a diverse international portfolio. We look forward to playing our part in a strong and established industry that is helping Brunei to meet its energy needs," Ivo Verstralen, Shell Deepwater Borneo Managing Director.
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