Welligence Sub-Saharan Africa Upstream M&A Report (Q2 2022) | Tullow and Capricorn move to merge while Angola M&A heats up!
July 14, 2022
The highlight of Q2 was Tullow Oil and Capricorn Energy’s merger announcement. We also saw Sonangol attract new investors to Angola, selling parts of its portfolio in three deals worth over US$1 billion. However, despite plentiful opportunities across the Sub-Saharan region, economic uncertainty and high commodity prices could deter additional deals, at least in the near term…