Led by $1.34bn acquisition of Numaligarh Refinery, Asia-Pacific’s Oil & gas industry saw a drop of 28.55% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 97 deals worth $5.76bn were announced for the region during Q1 2021, against the last four-quarter average of 135.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 92 deals, representing a 94.9% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was private equity with four deals, followed by venture financing deals with one transactions, respectively capturing a 4.1% and 1.03% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s oil & gas industry with $5.67bn, while private equity and venture financing deals totalled $51.88m and $46.34m, respectively.

Asia-Pacific oil & gas industry deals in Q1 2021: Top deals

The top five oil & gas deals accounted for a 62.1% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $3.58bn, against the overall value of $5.76bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:

1) Engineers India, Government of Assam and Oil India’s $1.34bn acquisition of Numaligarh Refinery

2) The $881.78m acquisition of Sinopec Hainan Refining and Chemical by Sinopec Overseas Investment Holding

3) ICICI Prudential Mutual Fund’s $753.65m acquisition of Bharat Petroleum

4) The $327.02m acquisition deal with Bharat Oman Refineries by Bharat Petroleum

5) Paradeep Phosphates’ asset transaction with Zuari Agro Chemicals for $280m.