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Middle East and North Africa upstream: 5 things to look for in 2022

Predictions for the year ahead

1 minute read

What's inside this year's report? 

2022 could herald exciting times for the upstream sector in the MENA region. As OPEC+ production cuts unwind, many NOCs will seek to maximise production as the energy transition gathers pace. Others will begin to make good on net zero pledges.

We highlight the five main regional events and trends to follow in 2022:

  • Production: OPEC+ production cuts unwinding and Middle East producers recouping lost revenues
  • North Field East partner selection: QatarEnergy selecting JV partners for its 4-train LNG expansion
  • Energy transition: What are the region's NOCs doing to decarbonise?
  • Exploration: Who will be spudding long-awaited East Med wells?
  • M&A: Can 2021's impressive deal flow be sustained?

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2023 Outlook

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

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