Business Outlook 2018
BUSINESS OUTLOOK 2018
3.3 Mergers and Acquisitions
As confidence in the UKCS increased and the futures market stabilised, valuations between prospective buyers and sellers began to converge, enabling a wave of M&A activity.
The value of UK upstream M&A deals announced last year surpassed $8 billion (total UK traded value only) as counterparts reached innovative commercial deals to overcome potential barriers such as decommissioning liabilities.
Figure 6: Mergers, Acquisitions and Asset Deals involving UKCS Companies 2
Asset Deal (Bruce, Keith, Rhum)
Asset Deal (Wytch Farm)
Asset Deal (Magnus, Sullom Voe Terminal)
2 Figure 6 shows UK upstream M&A deals with an estimated UK traded value of at least $100 million. Please note that some of these deals are yet to be formally completed.
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