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ERCE Global Upstream M&A Tracker

Q3 2020 Issue


Zhamal Orazbayeva (Principal Economist, ERCE Asia Pacific)

Nicholas Lee (Graduate 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 Q3 2020.

Subscribe and Download the full report below:

Global M&A: At a Glance

Total M&A deal value in Q3/20 has risen in comparison to H1/20, driven by the consolidation trend in the US shale. North American deals accounted for around 90% of the global deal value, amounting to almost US$43 Bn. Six deals crossed the US$1bn mark: Chevron/Noble, ConocoPhillips/Concho, Pioneer/Parsley, Chrysaor/Premier, Devon/WPX and Cenovus/Husky.

Top 3 regions with the greatest number of deals:

  •  North America
  • North Sea (UK & Norway)
  • Africa

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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