Indonesia Upstream Gas Asset Sale: Positive Read-Through to Other SE Asia Gas Companies

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Global energy equity and oil & gas macro analyst

Anish Kapadia

Akap Energy

Thematic (Sector/Industry)

Sri lanka Energy / Thematic (Sector/Industry)

<p><a href="https://www.smartkarma.com/entities/21292" target="_blank" data-smartkarma-citation="entities:21292:1">Repsol SA (REP SM)</a>'s discovery is very significant for the companies involved and others around the area, which we discuss in detail below. It is also important for Indonesia, which requires more gas to supply domestic and export demand. It is also positive for exploration sentiment globally, to see a material discovery (<a href="https://www.smartkarma.com/insights/oil-exploration-we-expect-a-resurgence-in-2019-pointing-to-strong-performance-for-e-ps" target="_blank" data-smartkarma-citation="insights:27907">Oil Exploration: We Expect a Resurgence in 2019 Pointing to Strong Performance for E&amp;Ps</a>) and this may encourage further M&amp;A in Indonesia such as this deal: (<a href="https://www.smartkarma.com/insights/indonesia-upstream-gas-asset-sale-positive-read-through-to-other-se-asia-gas-companies" target="_blank" data-smartkarma-citation="insights:27898">Indonesia Upstream Gas Asset Sale: Positive Read-Through to Other SE Asia Gas Companies</a>).</p><figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/079/478/original/INDONESIA_EN_tcm14-11706.jpg?1550602891" data-smartkarma-image-id="79478"></figure><div class="content-caption" style="text-align: left;">Source: Repsol</div>

Repsol SA (REP SM)'s discovery is very significant for the companies involved and others around the area, which we discuss in detail below. It is also important for Indonesia, which requires more gas to supply domestic and export demand. It is also positive for exploration sentiment globally, to see a material discovery (Oil Exploration: We Expect a Resurgence in 2019 Pointing to Strong Performance for E&amp;Ps) and this may encourage further M&amp;A in Indonesia such as this deal: (Indonesia Upstream Gas Asset Sale: Positive Read-Through to Other SE Asia Gas Companies).Source: Repsol

Repsol, Petronas & Mitsui Make Massive Gas Find in Indonesia