Cairo Breakfast Briefing 2017 - the audience view: oil price, gas exports and exploration
Wood Mackenzie and Maplecroft held their first joint forum in Cairo on 10 April. The theme was opportunities and risks and two presentations were delivered by Wood Mackenzie: the first covering record levels of investment in North Africa, the second on Egypt and the wider Eastern Mediterranean gas dynamics. Maplecroft focused on political risks that oil and gas companies active in Algeria, Libya and Morocco must contend with. During the forum, we asked the audience to complete a questionnaire to gauge opinion on key issues concerning the upstream sector in Egypt. Questions included views on oil prices, the exchange rate of the Egyptian pound, future levels of domestic gas production, the return of exports, Israeli gas exports and Egyptian gas yet to find volumes. This report includes a review of the survey results and how they compare with Wood Mackenzie's forecasts.