Caspian upstream: 5 things to look for in 2022

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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