2011年全球油气上游并购交易分析

Analysis of global oil & gas upstream merger and acquisition transactions in 2011

2011年全球油气上游并购市场受经济、地缘政治等因素影响明显降温,交易数量和交易金额均有所下滑;但北美非常规资产交易逆势上扬,继续成为市场最活跃的交易资产;北极地区受到多方关注,成为新的交易热点地区。大型独立石油公司成为2011年最活跃的收购者,收购目标主要在非常规天然气领域。国际大石油公司收购活动集中在新兴市场国家,处置资产以中下游业务为主。预计2012年油气并购市场将出现回暖,北美、南美、东非等都可能成为交易热点地区。

In 2011,due to factors such as the economic situation and geopolitics,the global oil & gas upstream merger & acquisition market cooled,with both the number of deals and volumes declining.But transactions in unconventional assets increased and continued to be the most active in the market;while the Arctic region received much attention and became a new hot spot for deals.Independent oil companies were the most active buyers in 2011 and most of the acquired targets were in the unconventional natural gas sector.Major international oil companies focused their acquisitions on emerging markets,while most assets disposed by them were midstream and downstream businesses.The oil and gas merger & acquisition market is expected to get warm up again,with North America,South America and East Africa all likely to be hot spots.