Middle East and Africa’s oil & gas industry deal activity dropped 32.92% in Q1 2021

By Global Data on 5/11/2021

Led by $2.59 billion 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 $4.81 billion 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 $4.81 billion.

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 Development of 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.

Related News ///

  • No related news found.

FROM THE ARCHIVE ///

Comments ///

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}