Oil and Gas Global Deals Q1 2011

There were 163 deals globally in the oil and gas industry in the first quarter of 2011, the lowest level of deal activity since early 2009 and down by around 20% on the levels seen in 2010 albeit, as shown below, higher than average deal sizes supported overall deal value.

Although this could be symptomatic of greater caution in the industry on the back of slow economic growth and unrest in key oil states, it is evident that ‘mega deals’ are still very much on the agenda.