SOCAR and ONGC Videsh to acquire a minority stake in Azeri-Chirag-Gunashli oilfields and the Baku-Tbilisi-Ceyhan oil pipeline in Azerbaijan from Equinor for $720m.

Synopsis

SOCAR, an oil and gas company, and ONGC Videsh, an oil and gas exploration company, agreed to acquire a minority stake in Azeri-Chirag-Gunashli oilfields and the Baku-Tbilisi-Ceyhan oil pipeline in Azerbaijan from Equinor, an energy company, for $720m.

Principals

target

Equinor (azeri Chirag Gunashli And Baku Tbilisi Ceyhan)

bidder

State Oil Company Of The Republic Of Azerbaijan (socar)

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Market Context

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Bidder Team (2)

mahir mammedov

General Director at STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

Manager

bidder

Deal

£ 577 M

Total Value

arun kumar singh

Chairman at ONGC VIDESH LIMITED

Manager

bidder

Deal

£ 577 M

Total Value

Vendor Team (2)

anders opedal

CEO at EQUINOR ASA

Manager

vendor

Deals

£ 8.07 B

Total Value

jennifer a. josefson

Partner at Morgan Lewis & Bockius

Lawyer

vendor

Deals

£ 577 M

Total Value

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