Insight

Asia Pacific upstream: 4 things to look for in 2021

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Capital constraints, changing M&A market dynamics and the energy transition. How will Asia Pacific's upstream sector respond to a new normal in 2021? We foresee further spending cuts, asset optimisation and new decarbonisation targets as some of the key themes that will emerge in the next year. Watch out for more M&A too, as Majors streamline regional portfolios...but who will be the buyers? 2021 will certainly hold its fair share of challenges - albeit hopefully less than in 2020 - but we expect the Asia Pacific's upstream sector to emerge nimbler, leaner and perhaps even greener.

Table of contents

  • Executive Summary
  • Less investment, more optimisation
  • M&A: Behold, the unusual suspects
  • Green is the new black
  • Starting on the road to net carbon neutrality
  • What not to look for in 2021
  • What to look for in 2021 – a regional upstream series

Tables and charts

This report includes 3 images and tables including:

  • NPV of key FID projects before and after 20% capex reduction
  • Three key drivers for the Majors’ to increase regional asset sales
  • Country carbon risk: how likely are Asia-Pacific’s biggest producers to implement a carbon policy?

What's included

This report contains:

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    Asia Pacific upstream: 4 things to look for in 2021

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