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Algiers Breakfast Briefing 2017 - the audience view on oil price, gas exports and the upstream investment climate

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03 October 2017

Algiers Breakfast Briefing 2017 - the audience view on oil price, gas exports and the upstream investment climate

Report summary

On 19 September 2017, Wood Mackenzie held its inaugural forum in Algiers where we presented our latest views on developments in the country. Our sister company Maplecroft presented first, discussing the significant political risk that oil and gas companies across North Africa must contend with. Wood Mackenzie then focused on gas dynamics in Algeria and the country's role as a supplier into Europe. During the forum, we asked the audience to complete a questionnaire to gauge opinion on key issues concerning the upstream sector and in the outlook for Algeria. Questions included views on oil prices, future gas supply, upstream costs, gas exports, and exploration. This report includes a review of the survey results and how they compare with Wood Mackenzie's forecasts.

Table of contents

    • Oil price expected to stay within the US$40-60 range at year-end
    • OPEC to end its production freeze in H2 2018
    • Upstream costs will remain unchanged at the end of 2017, compared to the start of 2017
    • Fiscal terms are the single biggest barrier to investment in Algeria
    • Fiscal terms are seen as the most important factor in re-vitalising exploration in Algeria
    • Government revenues are seen as the biggest driver behind Algeria's rapprochement with IOCs
    • IOCs will account for 20-25% of Algeria's oil and gas production by 2020
    • By 2020, Algeria's share of the Southern European gas market will be lower than in 2016

Tables and charts

This report includes 8 images and tables including:

  • Question 1: What do you expect the oil price to average in 2018?
  • Question 2: When will OPEC end its production freeze?
  • Question 3: How will upstream costs stand at the end of 2017 compared to the start of 2017?
  • Question 4:What do you think is the biggest barrier to investment in discovered resources in Algeria?
  • Question 5:What is the most important factor in re-vitalising exploration in Algeria?
  • Question 6:What do you think is the biggest driver behind Algeria's rapprochement with IOCs?
  • Question 7: In 2016, IOCs accounted for 19% of Algeria's oil and gas production. What do you think IOCs share will be by 2020?
  • Question 8:In 2016, Algeria's share of the Southern European gas market was 32%. What will Algeria's share be in 2020?

What's included

This report contains:

  • Document

    Algiers Breakfast Briefing 2017 - the audience view on oil price, gas exports and the upstream investment climate

    PDF 315.72 KB

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