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ERCE Global Upstream M&A Tracker

H1 2020 Issue

Author: Zhamal Orazbayeva (Principal Economist, ERCE Asia Pacific)

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 H1 2020.

Subscribe and Download the full report below:

Global M&A: At a Glance

While overall number of deals stayed at similar levels compared to last year (H1/19), the global deal value has dropped significantly.

Due to market conditions, many deals were cancelled, amended or delayed. Project economics is at the forefront of decision-making as assets are being re-evaluated using new price assumptions and adjusted risk factors. We provide a comprehensive summary of all amended, cancelled and delayed deals in the report. 

Top 3 regions with the greatest number of deals:

  • APAC
  • North America
  • Africa

In the near term we may see further delays and re-negotiations, however, current market conditions will also offer opportunities to add to asset portfolios for those with stronger balance sheets and focus on operational efficiencies. Upstream assets will continue to come to the market, but the pace of M&A activity in H2/20 will also depend on the oil price and market conditions, capital discipline and strategic decisions. 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, Singapore 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 exploration evaluation through to brownfield opportunity identification & decommissioning, reserves and resource audits, M&A evaluation, commercial valuation and analysis and dispute processes. You can learn more about ERCE here


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