Insight
M&A in Sub-Saharan Africa: Market still sluggish despite recent activity
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Deal completion in Sub-Saharan Africa fell to its lowest level in over five years, after companies cut discretionary spend in response to the oil price crash. The average buying price/boe for assets tumbled 65% from the highs of 2014 to just under US$7/boe, as supply outstripped demand and buyers stopped paying upfront for upside. Recent purchases by Woodside in Senegal and PERTAMINA in Gabon raised expectations of a market recovery. But hopes were dampened after Sonangol reneged on an earlier US$1.75 billion deal to buy Cobalt's deepwater position in Angola due to financial constraints. Looking ahead, Shell's planned US$30 billion divestment programme will include fields in Nigeria and Gabon. Total and Eni are considering sales in Congo, and ExxonMobil's impending acquisition of a stake in Mozambique LNG is generating excitement. Assets held by indebted local companies in Nigeria could also be up for grabs.
Table of contents
- The main deliverable for this report is the attached slide-pack available in the downloads section
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Permian Delaware Wolfcamp Key Play
The report contains an in-depth analysis of the productivity, economics, and subsurface quality of the Delaware Wolfcamp play.
$22,800
Asset Report
Sinochem - Lower 48 upstream
Upstream valuation of Sinochem's assets in the US Lower 48
$22,800
Asset Report
Argentina Neuquen exploration basin
A detailed analysis of the Argentina Neuquen exploration basin.
$2,800
