More than $90bn of global oil and gas assets are on the market as deal activity in the sector accelerates, according to industry estimates.
Driven by moves by the big oil groups to offload their non-core assets, the sell-off has gathered pace sharply over the past two years, according to Derrick Petroleum Services, the industry research and consulting firm.
The value of industry assets that were on the market in the middle of 2009 was just $20bn and at the start of 2010, it was $46bn.
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