Asia-Pacific upstream what's changed: Q1 2016
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Asia-Pacific has ushered in a lunar new year but sustained low oil prices are making a monkey of corporate strategies in the upstream sector. Our 2016 Q1 update has seen us revise production, investment and operating cost assumptions for 121 upstream projects across the region. Since Q4 2014, we've cut our estimate of 2016 production by 1.1 million boe/d, and reduced capital expenditure for the 2015-2018 period by US$49 billion. See our What's changed in Asia-Pacific 2016 Q1 slide pack for details of the analysis we have reviewed.
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