Nikkei Asian Review reported Thursday that $40 billion in assets owned by Western oil producers are in play for merger and aquisition activity in Asia. Possible sellers include Shell, Chevron, Total, ExxonMobil, and Eni, with assets in Myanmar, Bangledesh, Malaysia, China, and New Zealand. UK-based energy research firm Wood Mackenzie cited China, private equity firms, and local independant energy groups as likely buyers.
Oil and gas drilling platform in Singapore. Photo: Roslan Rahman
Oil and gas M&A boom to hit Asia: Nikkei Asian Review
Western producers could be looking to sell $40 billion in assets spread accross Asia.