Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react
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Report summary
At the end of a gloomy 2015 our predictions for what to look for in Asia Pacific in 2016 centred around four key themes of exploration development the corporate landscape and fiscal reform. Overall we hit the mark on most but the magnitude of the slowdown exceeded expectations with M&A activity and fiscal reform slower to progress than anticipated. Nearly 250 000 boe/d of production was lost as companies cut their cloth as per their means scaling back E&A spend deferring Final Investment Decisions (FID) reducing corporate debt and pruning portfolios. Looking back at 2016 we outline where we got it right what we missed and some of the surprises we saw in Asia Pacific's upstream sector.
What's included
This report contains
Table of contents
Tables and charts
This report includes 9 images and tables including:
Images
- Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react: Image 1
- Licence awards by country 2012-2016
- E&A drilling activity 2012-2016
- Upstream capital expenditure 2015-2021
- Asia Pacific projects aiming to FID in 2016 (at year end 2015)
- Top 10 discoveries in 2016
- 2016 discovered resources by country
- Announced M&A spend by theme 2012-2016
- Net Asia Pacific buyers/sellers (2012-2016)
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