Oil and gas in the region is a tale of two horizons — maximizing the value of producing assets today, while restructuring portfolios and growth stories for a market that increasingly prices in the energy transition.
The global picture
Globally, majors and independents are high-grading portfolios, carving out non-core assets, and rebuilding their equity stories around resilience and returns rather than volume. Capital discipline and credible transition narratives now drive valuation.
- Portfolio high-grading and carve-outs of non-core assets.
- Capital discipline and returns over production growth.
- Transition narratives as a driver of equity value.
- Consolidation creating buy- and sell-side opportunity.
A clean growth story is worth as much as a clean balance sheet.
What’s hard right now
The challenge is telling a credible value story to capital markets while the long-term demand outlook is genuinely uncertain.
- Portfolios cluttered with sub-scale, non-core positions.
- Growth stories that don’t resonate with transition-minded capital.
- Volatile prices complicating investment and divestment timing.
- Operational and ESG risk weighing on transaction appeal.
How leaders are winning
- Restructure the portfolio around a clear, defensible core.
- Carve out non-core assets into a cleaner structure.
- Rebuild the growth story for the capital you actually want.
- Quantify and manage ESG and operational risk transparently.
- Time transactions against rigorous market assessment.
We built a five-year strategic plan and portfolio carve-out for a private oil & gas company, and delivered a POME market assessment for the largest petroleum company in Kuwait that supported a €300M+ bid — with very positive client feedback.
Every sector is different, and so is every starting point. When the timing is right for your team — a transformation, a transaction, or a sharper strategy — we’d welcome a conversation grounded in your reality, not a borrowed playbook.