Ernst & Young sees M&A activity in the Oilfield Services industry increasing, Big4.com reports

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Dynamic Dealmaking in Oilfield Services indicates an increase in M&A

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that nearly three quarters of the fifty respondents to Ernst & Young’s survey, Dynamic Dealmaking in Oilfield Services, who encompass industry executives and private equity practitioners in the oilfield services sector, plan to make acquisitions in the next 12 to 24 months.

Big4.com notes that most respondents (88%) cited access to new markets and customers as the primary driver of acquisitions, while vertical integration to extend services and access to new technology followed closely.

One fifth of respondents say political upheaval in major oil provinces presents the biggest macroeconomic threat, while an additional 20% singled out the possibility of resource nationalism as the primary challenge.

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  • Kristy Short

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