The oil and gas sector in Middle East and Africa has experience drop to the value of about 32.92% in Q1 of 2021 as when compared to the last four-quarter average, according to GlobalData’s deals database. This is despite the $2.59billion investment portfolio performed by BP E&P.
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 as tracked by GlobalData were:
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