Insight
Asia-Pacific upstream: 2015 in review
This report is currently unavailable
Report summary
Exploration – The impact of lower oil prices on exploration budgets has been felt with a 35% reduction in exploration drilling and a 63% fall in discovered volumes. Licensing activity also fell dramatically, with many regional governments now looking at how to improve their offerings in order to secure future investment. Development - Reduced corporate cash flows have led operators to cut development drilling, reduce investment in mature fields and postpone new investment decisions. Upstream development expenditure in Asia-Pacific fell 23% to US$99 billion in 2015, and is set to fall further in 2016 as a number of Australian LNG projects reach completion. Corporate - The gap between buyers and sellers price expectations led to a depressed Asia-Pacific M&A market in 2015. However, as the industry adapts to a 'lower for longer' outlook, companies are coming under increasing pressure to reshape their portfolios for the new price environment.
Table of contents
-
Exploration and licensing
- Material resource upgrades, but a lack of wildcat success...
- and a lukewarm response to new acreage offerings
-
Development
- Australia LNG ramp-up begins
- but an increasing number of project deferrals
-
Corporate
- First signs of IOCs reshaping portfolios for new price environment
- as NOCs look for other means to grow
Tables and charts
This report includes 8 images and tables including:
- Licence/acreage awards by country 2011-2015
- E&A drilling activity 2011-2015
- Top 10 Asia-Pacific discoveries in 2015
- Discovered volumes by country in Asia-Pacific
- Australia LNG production 2015-2020
- Upstream capital expenditure 2014-2020
- M&A deal activity 2011-2015
- Top 5 Asia-Pacific M&A deals in 2015
What's included
This report contains:
Other reports you may be interested in
Insight
Asia-Pacific upstream in brief
This rolling document gives our opinion and analysis of the latest events and trends in Asia-Pacific's upstream sector.
$1,350
Asset Report
Duobaoshan copper minesite
Duobaoshan copper mine consists of a open pit mine, a beneficiation plant and produces copper concentrate.
$2,250
Commodity Market Report
LNG short-term analytics: Supply tracker
Weekly short-term LNG supply tracker by liquefaction plant
$4,000