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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

Description

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
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