Egypt’s upstream sector has emerged as one of the oil and gas industry’s most active M&A arenas, with three major corporate transactions now focused on assets in the country. Competing bids for UK independents Capricorn Energy and Pharos Energy, together with interest in BP’s planned corporate sale, suggest international investors increasingly view Egyptian assets as an attractive platform for growth.
The BP process in particular could determine whether the recent flurry of deals develops into a broader cycle of consolidation. (CONTINUED - 1033 WORDS)
