The Asia Pacific region holds $40 billion worth of merger and acquisition opportunities in the upstream sector this year, according to research and consultancy group Wood Mackenzie.
According to Wood Mackenzie, 2017 could see oil majors continue to divest mature and mid-life assets in the region, noting Chevron and Shell , which hold the largest portfolio of legacy assets in the region, had already signalled their intentions to sell assets in Myanmar, Bangladesh, Thailand, New Zealand and Malaysia.
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