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  1. Deals Analysis
April 22, 2020

UK oil & gas industry sees a drop of 13.9% in deal activity in Q1 2020

By Baghmar P

The UK oil & gas industry saw a drop of 13.9% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 31 deals worth $2.09bn were announced in Q1 2020, compared to the last four-quarter average of 36 deals.

M&A was the leading category in the quarter with 26 deals which accounted for 83.9% of all deals.

In second place was venture financing with five deals, accounting for 16.1% of overall deal activity in the country’s oil & gas industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in the UK oil & gas industry with total deals worth $2.08bn, followed by private equity deals totalled $6.07m.

The UK oil & gas industry deals in Q1 2020: Top deals

The top five oil & gas deals accounted for 94.8% of the overall value during Q1 2020.

The combined value of the top five oil & gas deals stood at $1.98bn, against the overall value of $2.09bn recorded for the month.

The top five oil & gas industry deals of Q1 2020 tracked by GlobalData were:

1) Anglo American’s $741.56m acquisition of Sirius Minerals

2) The $625m asset transaction with BP by Premier Oil

3) J.F. Lehman &’s $250m acquisition of Global Marine Group

4) The $246m asset transaction with Dana Petroleum (E&P) by Premier Oil

5) Kaefer Isoliertechnik GmbH & Co’s asset transaction with John Wood Group for $118m.

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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