2015年全球油气资源并购特点及前景展望  

Global upstream M&A in 2015 and future prospects

作　　者：侯明扬 

机构地区：[1]中国石油化工股份有限公司石油勘探开发研究院

出　　处：《国际石油经济》2016年第1期36-43,共8页International Petroleum Economics

摘　　要：2015年全球油气资源并购市场走势低迷,全年全球油气资源并购交易发生数量创下近十年来最低值,平均月度交易发生宗数仅为近两年来均值的1/3。低油价对国际油气资源并购市场的参与双方、目标资产估值、交易驱动因素、并购交易结构及并购实施手段等都产生了较大影响。从石油公司的角度分析,由于2016年国际油价走势难以触底反弹,预测国际石油巨头、中小型国际石油公司、国家石油公司和私募基金等都将采用各自不同的策略参与全球油气资源并购活动;北美和俄罗斯-中亚等区域将成为低油价下国际油气资源并购交易的发生的"热点"。Global oil and gas assets M＆A market was weaken in 2015, the annual number of global oil and gas resources M＆A occurred in the lowest level in a decade, the average monthly deals were only one-third of the average for the past two years. Low oil price made a heavily influence on global oil market, including market participants, target assets valuation, trading drivers, trading structures and implementation ways. Crude oil price in 2016 will be difficult to rebound, the international oil giants, small and medium-sized international oil companies, national oil companies and private equities will adopt different strategies in the global oil and gas M＆A; global M＆A will continue to focus on the ＂hot spot＂ areas such as North American, Russian-Central Asia.

关 键 词：2015年 油气资源并购 国际石油公司 国家石油公司 资产剥离 长期评价油价 

分 类 号：F416.22[经济管理—产业经济] F271