Upstream M&A and the Majors in Asia Pacific: The big sell-off?
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Report summary
Asia has played a fundamental role in the growth of the Majors for over 100 years, but could this finally be coming to an end? Ambitious divestment targets are at the heart of most of the Majors' business plans for the next 12-18 month. With nearly US$40 billion of commercial value tied-up in mature and mid-life assets across Asia, we believe big moves are on the table. Against a backdrop of increasingly assertive NOCs, bureaucratic challenges and license expiries, now seems a logical time to slim down the portfolio. But who will buy these assets? And what will be the consequences for host governments if the Majors do sell?
What's included
This report contains
Table of contents
- Executive summary
- A changing role for Asia and the Majors
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Company by company analysis:
- Chevron – biggest name in town
- BP – been there, done that
- ExxonMobil – positioned for growth
- Total – big decisions ahead
- Eni – Looking for growth
- Willing sellers willing buyers?
Tables and charts
This report includes 6 images and tables including:
Images
- Mature and mid-life fields held by the majors in Asia-Pacific with remaining NPV over US$100 million
- 2P reserves traded in Asia-Pacific (2010-2016)
- Production outlook (indexed 2016) for Asian NOCs
- Majors' global upstream portfolio by region
- Majors' commercial portfolios in Asia Pacific
- Mature and mid-life assets held by the majors in Asia-Pacific with remaining NPV under US$100 million
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