| |
8 Pages

Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react

Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react

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 includes 2 file(s)

  • Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react PDF - 967.38 KB 8 Pages, 0 Tables, 9 Figures
  • Asia-Pacific upstream 2016 in review.xls XLS - 873.50 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Wood Mackenzie's 2016 predictions
  • Exploration and licensing
    • Bite sized discoveries dominate the exploration landscape...
    • ...but the frontier remains risky; flexibility in new acreage awards is key
  • Development
  • Corporate
    • Regional players rise to the occasion as Majors/Large Caps tentatively take action
    • So what about the NOCs?
  • Fiscal
  • Appendix

In this report there are 9 tables or charts, including:

  • Wood Mackenzie's 2016 predictions
    • Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react: Image 1
  • Exploration and licensing
    • Licence awards by country 2012-2016
    • E&A drilling activity 2012-2016
    • Top 10 discoveries in 2016
    • 2016 discovered resources by country
  • Development
    • Upstream capital expenditure 2015-2021
    • Asia Pacific projects aiming to FID in 2016 (at year end 2015)
  • Corporate
    • Announced M&A spend by theme 2012-2016
    • Net Asia Pacific buyers/sellers (2012-2016)
  • Fiscal
  • Appendix
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.