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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 clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Insight | Jan 2017
Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react
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