Africa records $11.7bn in global oil deals

摘要

AFRICA RECORDED US$11.7bn worth of oil transactions during the year 2012, up from US$7.7bn reported in 2011, according to Ernst & Young's (E&Y) global oil and gas deal review published January 24,2013. Africa's oil transaction volume increased from 93 in 2011 to 97 in 2012, the review indicated, describing the rise as "moderate". According to the E&Y, Sinopec's US$2.5bn acquisition of Total's 20 per cent interest in Nigerian deepwater block OML 138, gave a significant boost to the average deal value. The Sinopec deal was said to be the largest oil and gas transaction in Africa during 2012.