Keep Eye On Unconventional Plays, Aggressive NOC Spending, IOC Restructuring

摘要

WOOD Mackenzie's annual review of global upstream M&A suggests that peak lev- els of deal activity in 2010, particularly at the end of the year, bode well for another big year in 2011. The independent researchers identify four key prevailing themes that underpinned total spend of US$183 billion in 2010 as: Unconventional oil and gas, weak U.S. gas prices, restructuring among the International Oil Companies (IOCs) and aggressive spending by the Asian National Oil Companies (NOCs). Furthermore, emerging influences for 2011 such as interest in tight oil plays and the likelihood of restructuring in the Gulf of Mexico post-Macondo, will combine with the continuing factors from 2010 to drive deal activity for the year.