Name: Australian upstream: An M&A shake-up is on the horizon
Brand: Wood Mackenzie
SKU: 115326
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 20 August 2019

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

What's inside this report?

An M&A shake-up is on the horizon in Australia. We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years.

Read our report for our take on what’s driving M&A activity.

What key themes does our report explore?

Are Australian LNG assets the next big infrastructure investments?
Where are the opportunities for asset divestments?
The Majors and big IOCs continue to actively manage their global portfolios, but what does this mean in an Australian context?
Is there room for further consolidation in the small-cap space via mergers or acquisitions?

Report summary

An M&A shake-up is coming in Australia. A potential US$32 billion worth of assets could exchange hands in the next few years, with many deals long in the planning. We value the opportunities and identify what type of buyers groups could be interested. We see three key themes driving M&A activity: i) Portfolio rationalisation ii) corporate consolidation and iii) Australian LNG assets as the next big infrastructure investment.

Are Australian LNG assets the next big infrastructure investments?
Asset divestment and possible country exits
- Two potential country exits
- Gippsland Basin – hooking the big Bass
- Queensland LNG – is there a willing buyer?
- North West Shelf joint venture reshuffle
- Will BHP keep its Australian upstream business?
- Woodside seeking more partners
Takeover targets or potential mergers
- Has Oil Search shaken the target off its back?
- The Australian east coast gas market is an attractive play
- And lastly, oil
Appendix

Tables and charts

This report includes the following images and tables:

NWS and Darwin LNG remaining valuation sensitivitiesPortfolio fit of potential divestment assets

Other portfolios/assetsAsset divestment opportunities by remaining asset valueAustralian small- and mid-cap listed E&P companies – remaining 2P and 2C; market capitalisation per boe