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IMPROVED OIL PRICE DRIVES AFRICAN M&A ACTIVITY

机译:改善油价推动非洲并购活动

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THE MERGERS AND acquisition (M&A) market for the oil and gas sector in Africa showed signs of recovery in 2017. After several years of slowdown, the recovery comes on the back of companies who have raised cash for capital projects through divestitures; improved their balance sheets and are replenishing upstream reserves. There was a 62 per cent increase in total deal value from 2016 to 2017. In 2017, there were 65 deals with a total value of US$8.6bn. The upstream sector dominated deal activity totalling US$7.3bn, up from US$4.6bn in 2016. One major upstream deal was ExxonMobil's US$2.8bn acquisition of a 25 per cent stake in Eni's operations in Mozambique. This is a major addition to ExxonMobil's natural gas portfolio.
机译:非洲石油和天然气部门的兼并(并购)市场在2017年出现了复苏迹象。经过几年的放缓后,恢复来自于通过剥夺资本项目提高资本项目现金的公司的背面; 改进了资产负债表,正在补充上游储备。 2016年至2017年的总交易价值增加了62%。2017年,总价值为8.6亿美元。 上游部门的占据协议活动总额为7.3亿美元,2016年上涨至460亿美元。埃克森美孚在欧利在莫桑比克eni运营中收购了25%的股权,埃克森美孚的股价上涨了7.6亿美元。 这是埃克森美孚天然气组合的重大补充。

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