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Sino-Science Netherlands Energy Group B.V. acquired 95% of shares of JSC “Maten Petroleum” amounting to $525,8 m

August 14, 2014


The Sino-Science Netherlands Energy Group B.V. company acquired 7,600 pieces or 95% of the total amount of JSC Maten Petroleum’s offered common shares. The carve-out share deal for the Sino-Science Netherlands Energy Group B.V’s benefit was performed on June 25, 2014 by company shareholders Dinmukhamet Idrissov, Baharadin Ablazimov, and Erzhan Dostybayev. The sum of the transaction amounted to $525.8 m.

When executing this deal, the parties used the iDeals™ Virtual Data Room secure document exchange tool.

JSC “Matin Petroleum” is a private oil company owning subsoil use contracts at three oilfields in the Republic of Kazakhstan: Kara-Arna, Eastern Kokarna, and Matin. The total volume of 2P reserves as of June 30, 2012 is 58.1 m barrels (as estimated by the auditing company Gaffney Cline & Associates).


iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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