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.