M&A provides path forward

摘要

MERGERS AND ACQUISITIONS, as well as joint ventures and partnerships, are providing a path forward to drilling and field development in the US Gulf of Mexico. As larger operators seek to reduce their obligations in the GoM, smaller and mid-sized operators are seizing the opportunity to grow their E&P portfolios. Last year, there was the Noble Energy-Fieldwood Energy deal; the Kosmos Energy acquisition of Deep Gulf Energy; and the Murphy Oil-Petrobras joint venture. This trend has continued in recent months, most notably with LLOG, one of the region's largest private equity-backed players. The company announced two deals in April that will enable it to keep moving forward with its E&P plans in the Gulf.