M&A in Southeast Asia - 2024 Q4

(Originally published on January 6, 2025)

Q4 has been has been quiet, with only one deal involving discovered resource, with this deal being in Indonesia. In addition, we saw the successful farm-down of exploration acreage offshore Malaysia.

The annual deal count for 2024 is 10 deals with a total deal value of US $1,913 million, with the two major deals for the year being those that saw TotalEnergies acquire the two 50% stakes of SapuraOMV from OMV and Sapura Energy. By comparison, 2023 saw 19 transactions and a total deal value of just over US $840 million.