Mergers And Acquisitions In The Oil And Gas Industry: Current Upstream M&A Issues And Transaction Considerations
by Deloitte
Whilst North African countries are returning to “business as usual” post Arab Spring, legacy risk remains around off-take contracts with NOCs, presenting challenges to working capital management. Whilst global oil and gas (O&G) transactions have suffered a modest decline in both deal count and total value in the first half of 2012, we have seen increasing merger and acquisition (M&A) interest by MENA-based exploration and production (E&P) companies and investors looking to utilize excess cash to fund geographical expansion which in a number of cases involves the acquisition of financially distressed assets. […] Read more
