fbpx

Middle East and Africa’s Oil & Gas Industry Saw a Drop in Deal Activity 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:

  • 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.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Select your currency
USD United States (US) dollar
Open chat
Need more info? Just Whatsapp me!!
%d bloggers like this: