Asia-Pacific upstream: 2016 in review - companies cut back, governments slow to react
Get this report
$1,350
You can pay by card or invoice
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.
Table of contents
- 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
Tables and charts
This report includes 9 images and tables including:
- 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)
What's included
This report contains:
Other reports you may be interested in
18 January 2017
MENA upstream: 2016 in review - Record production despite prices, crises and ISIS
MENA upstream: 2016 in review - Record production despite prices, crises and ISIS
Our review of 2016 looks back at the key upstream trends and major events that shaped the industry in the past 12 months.
$1,35017 January 2017
Russia upstream 2016 in review: Successfully swimming against the tide
Russia upstream 2016 in review: Successfully swimming against the tide
Russia's upstream improvised, adapted and ultimately overcame a challenging 2016.
$1,35003 February 2017
Alaska Upstream: 2016 in review and what to look for in 2017
Alaska Upstream: 2016 in review and what to look for in 2017
We review and forecast major events in the Alaska Upstream sector.
$1,350
