We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 


Caspian upstream: 5 things to look for in 2022

Predictions for the year ahead

1 minute read

What's inside this year's report? 

Countries in the Caspian region recently celebrated the 30-year anniversary of modern-day independence. From Azerbaijan to Central Asia, 2022 will be an upstream year befitting that age. A time for decisions on the future, reflections on resource monetisation options, and changes to embrace the energy transition.

Powered by Lens Upstream, we highlight five trends to follow in 2022:

  • Portfolio growth – which large discovered resource opportunities is LUKOIL targeting?
  • Project delivery – will Tengizchevroil expansion and other phases keep on track for 2023 start-ups?
  • Azerbaijan exploration – which new offshore wells are the most prospective?
  • Gas market reforms – how can governments improve upstream gas economics?
  • Decarbonisation strategies – how will state companies find the right low-carbon role?

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2023 Outlook

How will global power and renewable trends play out in your region in 2023?

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