First half deal spend was amongst the highest on record, and deal count well above average. Yet the traditional buyers of assets remain mostly on the side-lines. Majors and Large IOCs were net sellers, and NOCs were restrained. Private equity, MLPs, junior independents and ambitious indigenous companies have all emerged to drive the market. Whether the appetite of these alternative buyers can be sustained into the second half of the year and beyond remains to be seen.
Table of contents
Deal count, deal spend illustrates a buoyant period