Insight
After the crash – what's changed in Middle East upstream?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Middle East responded swiftly to the oil market downturn and our outlook for the region’s upstream sector has changed drastically. Operators have cut oil production deeply, postponed near-term investment and focused on expenses. Deep investment cuts do not offset the cash flow losses under our US$50/bbl oil price assumption. Weekly releases on our Lens Upstream platform have demonstrated our responsiveness. Powered by this unique data set, we evaluate how our Middle East outlook has changed: • Investment - how much has development spend been cut? • Production - how has our modelling changed and what are the long-term implications? • Economics - will operators be resilient, and what has happened to valuations?
Table of contents
- Executive summary
Tables and charts
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Pre- and post-crash investment outlook
What's included
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