Oil and gas deal value dips

摘要

A year-on-year comparison shows a “substantial decrease of 66% in upstream oil and gas deal value in October 2017, when compared to October 2016’s value of US $23.3 Bn,” says analyst GlobalData. Aker BP’s deal to buy Hess Norge from Hess for $2 Bn in cash was one of the top deals registered in October 2017, GlobalData said. Hess Norge owns a 64.05% stake in the Valhall field and a 62.5% stake in the Hod field, both located in the Norwegian North Sea. The fields have a net production of around 24,000 boe/d (85% liquids), during the first nine months of 2017.