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Dynamic dealmaking in oilfield services - Operational acquisitions perspective - EY - Global

Dynamic dealmaking in oilfield services

Operational acquisitions perspectives

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36% of survey respondents say their primary acquisition efforts are focused on onshore unconventional projects in North America.

OFS companies are feeling pressure to expand their services to take advantage of new opportunities.

From a value chain perspective, almost a third of all respondents expect to focus on integrated operations, while another half are split between targeting E&P drilling and operational functions (e.g., production and maintenance functions). Offshore drilling companies are expected to be particularly targeted.

From an operational perspective, OFS companies will look to acquire companies with a focus on either offshore drilling or onshore unconventional drilling. Both make sense given the fairly recent return of offshore permitting in the Gulf of Mexico and the growing focus on shale gas. Shale plays have continued to be instrumental in driving global M&A activity in 2012.

From a value chain perspective, where do you expect to focus your acquisition efforts?

From a value chain perspective, where do you expect to focus your acquisition efforts?

Onshore unconventional projects have risen to prominence in North America, and 36% of respondents say the area will receive the primary focus of acquisition efforts, just behind offshore deepwater.

Offshore exploration in the developing basins is already underway, with the Eastern Mediterranean, deepwater Brazil, deepwater Africa and offshore Australia as primary targets for E&Ps. The varied geology, age, tectonics and depositional environments will require integrated services, as noted by 32% of respondents.

From an area of operation perspective, where do you expect to focus most of your acquisition efforts?

From an area of operation perspective, where do you expect to focus most of your acquisition efforts?

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