Welligence MENA Q1 2025 M&A Quarterly | Two deals struck and one terminated

April 22, 2025


In Q1 2025, two deals were announced but only one had a published deal consideration. UEG announced a consideration of US$150 million, subject to timing adjustments and a small, deferred payment, for the corporate acquisition of Egypt-focussed Apex International Energy. Based on the announced price and the reported 2P reserves of 31 MMboe, the deal has been struck at US$4.84/boe.