Zhamal Orazbayeva (Head of Economics, ERCE Asia Pacific) zorazbayeva@erce.energy

Nicholas Lee (Graduate Economist, ERCE Asia Pacific) nlee@erce.energy

Welcome to ERCE’s Global Upstream M&A Tracker

ERCE’s Global Upstream M&A Tracker provides an easy and detailed summary and analysis of global upstream M&A deals, both asset- and corporate-level. This edition covers upstream M&A activity over Q3 2021.

Global M&A: At a Glance

ERCE has recorded 29 deals with a total reported deal value of approximately US$36bn since the Q2-21 edition of the M&A tracker was released.

5 deals crossed the US$1bn mark: the Woodside/BHP merger, ConocoPhillip’s purchase of Shell’s Permian assets, the Santos/Oil Search merger, Lukoil’s purchase of Petronas’ WI in the Shah Deniz gas project, and Chesapeake’s purchase of Vine Energy.

North America was the most active region in terms of the number of deals, with 9 deals recorded for a total recorded transaction value of US$13bn, with Shell’s US$10bn sale of its Permian assets accounting for most of the value.

APAC had the highest total recorded transaction value of US$19bn from 6 recorded deals, with most of the value stemming from the Woodside/BHP and Santos/Oil Search mergers.

As a result of a few high-value deals, the total reported transaction value rose to US$36bn from the US$24bn reported in the Q2-21 edition of the M&A tracker.

Read the full report for more analysis and Global Upstream M&A Metrics. 

About ERCE Asia Pacific

ERCE is the leading employee-owned Energy evaluation firm with global expertise and knowledge dating back 45 years with offices in London and Australia. Our in-house team comprises of Geoscience, Engineering, Commercial, Facilities, Cost Estimation and Economics professionals. We work for exploration & production companies (from small boutique to super majors), the finance community, and legal institutions. ERCE is involved in technical projects ranging from oil & gas exploration and appraisal through to brownfield opportunity identification & decommissioning, reserves and resource audits, M&A evaluation, commercial valuation and analysis and dispute processes.

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