Late last year saw a flurry of mergers, acquisitions and divestments, as AWE and Lattice Energy were both acquired, and Santos became a major takeover target.
Looking globally, Oil Search expanded beyond its historical Papua New Guinean tropical playing fields into the Arctic north, acquiring a range of Alaskan assets.
This movement will continue.
“Anyone with a proven or plausible gas project supplying into the tight east coast markets will also become attractive, putting Senex, Cooper, and Central Petroleum on the radar,” Mr Kavonic said.
