Insight
Australasian upstream M&A – US$10 billion on the market, another US$17 billion to come
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil price crash has sharpened operators’ strategies and mindsets to be more resilient through the oil price cycles. With US$10 bn of upstream assets already on the market, we see another US$17 bn being propelled onto the M&A market. We have identified three reasons driving operators to clear out portfolios - portfolio rationalisation, deleveraging balance sheets and the pace of the energy transition.
Table of contents
- Executive summary
- US$10 billion of assets in the current pipeline
- Portfolio rationalisation - an ongoing theme
- Deleveraging the balance sheet
- Energy transition - a driver for change
- The perennial question: who are the buyers?
- Where next for the M&A market?
- Appendix
Tables and charts
This report includes the following images and tables:
- Key asset sales announced in the Australasian region
- Potential asset sales, farm-downs or divestments that could come onto the M&A market
- Carbon intensity of the Majors in the Australasian region (between 2020 and 2025)
- Four buyer groups and the asset characteristics each group is seeking
- Key asset sales that have been announced
- Future pipeline of potential asset divestments
What's included
This report contains:
