Chapter -1 final last new font final - petrofed.winwinho...
Chapter -1 final last new font final - petrofed.winwinho...
Chapter -1 final last new font final - petrofed.winwinho...
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Australia & Asia-Pacific<br />
19<br />
www.<strong>petrofed</strong>.org<br />
2008 deal value in the Asia Pacific region shot up Asia Pacific O&G deal value rose from just 20% in<br />
by 73%, from US$13.2bn in 2007 to US$22.7bn in 2007 to 75% in 2008. The three largest deals,<br />
2008. The dramatic rise in deal volume was ConocoPhillips /Origin, BG Group/Queensland<br />
almost wholly driven by deals to acquire Gas Company and Petronas/Santos – together<br />
Australian gas assets. Australia's share of total accounted for US$10.8bn of deal value.<br />
Figure 7 : Asia Pacific (excluding Australia) oil and gas deals by sector 2007-08<br />
Figure 8 : Australia oil and gas deals by sector 2007-08<br />
International & Africa<br />
International activity, involving either apace ahead of the oil price drop. There was an<br />
international groups of investors or assets that are increase in African deal value headed by<br />
spread across territories, remained lively in 2008. GEPetrol's US$2.2bn purchase of Devon Energy's<br />
Deal numbers edged up from 71 in 2007 to 79 in oil and gas business in Equatorial Guinea. Italian<br />
2008 although, as elsewhere, none of the deals oil and gas company Eni added to its already<br />
compared with the largest 2007 deals. Forty nine substantial oil and gas operations in Africa,<br />
of the 71 international deals were in the oilfield expanding its operations in Algeria in a US$995<br />
services sector where consolidation continued million purchase of First Calgary.<br />
Figure 9 : International oil and gas deals by sector 2007-08
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