Middle East and Africa’s oil and gas industry saw a rise of 33.3% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database
A total of 52 deals worth US$4.7bn were announced for the region during Q4 2020, against the last four-quarter average of 39 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 51, representing a 98.1% share for the region.
In second place was private equity with one deals capturing a 1.9% of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil and gas industry with US$4.67bn, followed by private equity deals totalling US$30mn.
Q4 2020 top deals
The top five oil and gas deals accounted for 77.3% of the overall value during Q4 2020.
The combined value of the top five oil and gas deals stood at US$3.63bn, against the overall value of US$4.7bn recorded for the quarter.
The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:
• Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s US$2.1bn acquisition of ADNOC Gas Pipelines HoldCo LLC
• The US$540mn acquisition of MISR Fertilizer Production Co by the Government of Egypt
• Energean’s US$405mn acquisition of Energean Israel
• The US$348mn acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings
• IPR Energy Resources’ asset transaction with Dana Gas for US$236mn
