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Asia-Pacific upstream: what to look for in 2016

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Report summary

We offer our predictions for key upstream events and trends to watch in 2016 in Asia-Pacific. We expect a rise in M&A, particularly non-core divestments from the Majors and larger IOCs. Low oil prices will continue to challenge pre-FID projects, but Chinese NOCs will persevere with high-cost domestic shale plays. We also expect tentative moves towards fiscal reform in region - as falling prices and spend hits government revenues - and oil and gas changes in China's upcoming 13th five year plan. Major project start-ups to watch include Gorgon LNG and PETRONAS FLNG 1.

What's included

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  • Document

    Asia Pacific upstream what to look for in 2016.pdf

    PDF 1.73 MB

Table of contents

  • M&A is back – non-core divestment by the Majors
  • Capex down – more deferrals than deflation
  • Fiscal reform – the dialogue begins
  • China's 13th five year plan - upstream reform expected

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