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  1. Deals Analysis
January 27, 2021

Middle East and Africa’s oil & gas industry sees a rise of 33.3% in deal activity in Q4 2020

By Baghmar P

Middle East and Africa’s oil & 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.

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A total of 52 deals worth $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.

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In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $4.67bn, followed by private equity deals totalled $30m.

Middle East and Africa oil & gas industry deals in Q4 2020: Top deals

The top five oil & gas deals accounted for 77.3% of the overall value during Q4 2020.

The combined value of the top five oil & gas deals stood at $3.63bn, against the overall value of $4.7bn recorded for the quarter.

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s $2.1bn acquisition of ADNOC Gas Pipelines HoldCo

2) The $540m acquisition of MISR Fertilizer Production Co by Government Of Egypt

3) Energean’s $405m acquisition of Energean Israel

4) The $348m acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings

5) IPR Energy Resources’ asset transaction with Dana Gas for $236m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.


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