Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 27 deals worth $4.81bn were announced for the region during Q1 2021, against the last four-quarter average of 40.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 27 deals, representing a 100% share for the region.
In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $4.81bn.
Middle East and Africa oil & gas industry deals in Q1 2021: Top deals
The top five oil & gas deals accounted for a 94.9% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $4.56bn, against the overall value of $4.81bn recorded for the quarter.
The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:
PTTEP Mena’s $2.59bn asset transaction with BP Exploration (Epsilon)
The $926m asset transaction with Shell Austria and Shell Egypt by Capricorn Egypt and Cheiron Holdings Egypt
Heirs Holdings and Transnational Corporation of Nigeria’s $802m asset transaction with Eni, Shell Petroleum Developmentof Nigeria Ltd and Total E&P Nigeria
The $132.13m asset transaction deal with Team Tankers Deep Sea by Torm
Panoro Energy’s acquisition of Tullow Equatorial Guinea for $110m.
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Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity in Q1 2021
A total of 27 deals worth $4.81 billion were announced for the region in Q1 2021
Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 27 deals worth $4.81bn were announced for the region during Q1 2021, against the last four-quarter average of 40.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 27 deals, representing a 100% share for the region.
In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $4.81bn.
Middle East and Africa oil & gas industry deals in Q1 2021: Top deals
The top five oil & gas deals accounted for a 94.9% share of the overall value during Q1 2021.
The combined value of the top five deals stood at $4.56bn, against the overall value of $4.81bn recorded for the quarter.
The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:
Staff Writer
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and... More by Staff Writer
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