Derrick Petroleum Services in their comprehensive study of the Top 1000 global oil and gas companies has identified that as much as $20 billion of oil and gas assets excess currently for sale worldwide. The whole assets are currently floating through 69 separately announced transactions.
Derrick estimation only takes into account deals with value greater than $10 million with North America leading the inventory with over $9 billion followed by Africa (22%), Europe, South America, Asia, Australia and Middle East.
Some of these assets could worth more due to their potential in future discoveries such as Devon Energy's offer for its four discoveries (Kaskida, Cascade, Jack and St. Malo) in the deepwater Gulf of Mexico.
It is interesting to note that most of the potential buyers are Middle Eastern and National Oil Companies compared to the usual Western investors and public listed companies.
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