South and Central America’s oil & gas industry saw a drop of 27.78% in cross border deal activity in Q4 2020

Led by The Carlyle Group’s $825m asset transaction with Occidental Petroleum, South and Central America’s oil & gas industry saw a drop of 27.78% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

A total of 26 cross border deals worth $1.2bn were announced for the region during Q4 2020, against the last four-quarter average of 36 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 26, representing a 100% share for the region.

In terms of value of cross border deals, M&A was the leading category in Colombia’s oil & gas industry with $1.09bn.

South and Central America oil & gas industry cross border deals in Q4 2020: Top deals

The top five oil & gas cross border deals accounted for an 84.16% share of the overall value during Q4 2020.

The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.2bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:

1) The Carlyle Group’s $825m asset transaction with Occidental Petroleum

2) The $61.7m acquisition of Petrobras Uruguay Distribuicion by Disa Corporacion Petrolifera

3) Navios Maritime Partners’ $51m asset transaction with Navios Maritime Holdings

4) The $46m asset transaction deal with by Neda Maritime Agency

5) PT Soechi Lines’ asset transaction with Mitsui O.S.K. Lines for $23.5m.