Insight
Australasian upstream M&A – US$10 billion on the market, another US$17 billion to come
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 6 images and tables including:
- 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:
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