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Merger and acquisition activity has been limited since prices started to fall in 2014. But there are signs that M&A activity may be building, and oil company management teams should think about which deal strategies they should pursue.
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The deepwater oil sector is at a crossroads. Deepwater production (defined as oil produced in water depths of greater than 450 m) has had a spectacular run over the past decade as major oil companies broadened their portfolios worldwide.