Middle East and Africaâs 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 Africaâs 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 GlobalDataâs 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 Africaâs oil & gas industry with $4.81 billion.
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