The total value of upstream oil and gas asset deals fell to $5.55 billion in March from $32 billion in February, despite a steady transaction volume of 35 deals. South America led activity with 55% of the total deal value, while North America accounted for 16%. Notable transactions included the acquisition of SierraCol Energy for $1.4 billion and Parex Resources' $725 million purchase of Frontera Energy's Colombian assets.
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