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Southeast Asia’s Oil and Gas M&A Market Is Heating Up

Southeast Asia's upstream merger and acquisition (M&A) conversation has moved from which international oil companies (IOCs) are leaving to who is buying their way in.

  • Southeast Asia's oil and gas M&A market intensifying with strategic buyers
  • Upstream assets offer $9.6 billion in 2025, up from $6.7 billion 2020-2024
  • Deals reach $9.8 per barrel for development assets, over $3 per barrel for pre-FID resources

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