M&A; rebound on the cards in Asia Pacific – law firm
The Gobe production facility in Papua New Guinea. Asia will see a boost in M&A; activity. (Oil Search)
Asia Pacific’s oil and gas market is set for a surge in merger and acquisition activity over the next five years as companies refocus on their core businesses in the low oil price environment. As well as traditional players, the region is attracting the interest of private equity firms looking to snap up bargains.
The trend for M&A was highlighted in a recent report by international law firm Ashurst based on a survey of more than 50 respondents worldwide, including national and regional oil and gas companies and lenders.