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Announced

Oriental Sunrise to acquire Total E&P Dunga from TotalEnergies for $330m.

Financials

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Transaction Value£275m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Pending

Single Bidder

Kazakhstan

onshore oil field

Oil: Crude Producers

Cross Border

Private

Friendly

Synopsis

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Oriental Sunrise agreed to acquire Total E&P Dunga, a company that holds a 60% operating interest in the onshore Dunga oil field in Kazakhstan, from TotalEnergies, a French multinational integrated oil and gas company, for $330m. "TotalEnergies is fully committed to providing its expertise and know-how to develop Kazakhstan's natural resources, as we are doing as partner of the giant Kashagan field. These agreements demonstrate TotalEnergies' energy transition strategy. On the one hand, we dynamically manage our portfolio by disposing of mature, non-core assets such as the Dunga field. On the other, we are very proud to support the country’s low carbon development ambition through the major Mirny wind project,“ Patrick Pouyanné, TotalEnergies Chairman and CEO.

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