Brazil leads in Latin America with over $12 billion in M&A deals

| By Mark Young

A new report from Sproule, the Daily Oil Bulletin and Evaluate Energy shows how, among Latin American nations, Brazil has secure by far the highest level of M&A investment in upstream oil and gas.

The full report, which looks at the past five years of deal activity and the key drivers in Brazil, Argentina, Colombia and Mexico, is available to download here.

Led chiefly by investment from Norway’s Equinor ASA, over the past five years Brazil has received $12.4 billion in asset and corporate deals or farm-in agreements. Only 9% of 2019 Latin American deals up to and including April 30, 2019 involved assets outside of Brazil.

Source: Latin America: Assessing the impact of oil prices and the political climate on upstream M&A activity – Download here.

Brazil has also enjoyed a great deal of success in bidding rounds.

This new report analyzes:

  • The companies involved in Brazil’s bidding rounds since 2014;
  • How much was spent to win the blocks on offer; and
  • How Brazil’s success in attracting outside investment to new exploration acreage has grown over time.

Download the full M&A report from Sproule, the Daily Oil Bulletin and Evaluate Energy at this link.

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