Opinion
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Middle East and North Africa upstream: 5 things to look for in 2024
Predictions for the year ahead
1 minute read
Martijn Murphy
Principal Analyst, North Africa Upstream
Martijn Murphy
Principal Analyst, North Africa Upstream
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What's inside this year's report?
Following COP28, we expect an enhanced focus on clean energy strategies in the MENA region. There is also a growing desire for international expansion by domestic NOCs. And despite projected gas production growth, oil output will continue to be curtailed by OPEC+ voluntary cuts.
Powered by Lens Upstream, in this report we highlight five key themes to watch in 2024, including:
- Oil production: what will be the impact of the OPEC+ curtailments?
- Gas production: where do we expect the largest increases in 2024?
- Exploration and licensing: what are the key wells and licensing rounds?
- And more.