IQPC gather European A&D leaders at the 2011 Acquisition & Divestiture Summit

Top Quote Next week the oil and gas industry's key players in acquisition & divestiture will be gathering in London at IQPC's 9th annual Acquisition & Divestiture Summit with one common goal; to raise their profiles, explore opportunities and build relationships in order to create fast moving and profitable deals that deliver real value to their businesses. End Quote
  • (1888PressRelease) March 17, 2011 - Acquisition and divestiture is a fundamental part of the European oil and gas industry. With the economic instability of recent years' impacting on the industry, iit's more important than ever for exploration and production companies to stay on top of their portfolios. The big question for the year is, what will market activity look like in 2011?

    Paul Mason, New Business Manager at Total E&P comments; "The big companies have traditionally been wary of the risk exposure of working with small companies but have been prepared to accept some level of risk for a tariff income, for example for a small field development utilising a host platform. This 'balance' has been disturbed in the last couple of years by the reduced size of new developments, government pressure to reduce tariffs and by recent international events. As a consequence, many of the big companies are now adopting a 'minimum risk' approach, which means that negotiations are taking much longer and are much tougher to conclude for everyone."

    James van Merkensteijn, Senior Vice-President for Strategy and Business Development at Statoil emphasises the value of networking at the 2011 Acquisition & Divestiture Summit, as he explains why he is attending: "For me it's always very exciting to be part of a gathering like this one. This type of forum is a great opportunity to meet industry colleagues, compare notes, and, who knows, maybe even find the next deal."

    For more information about the upcoming Acquisition & Divestiture Summit visit or phone +44 (0)207 368 9300.

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