Insight
Caspian Sea: production underpinned by incremental phases
This report is currently unavailable
Report summary
The Caspian Sea production profile remains underpinned by the three mega-projects: Azeri Chirag Guneshli and Shah Deniz in Azerbaijan and Kashagan in Kazakhstan. However, the extent of this dominance is dependent on the scope and timing of future development phases. Additional upside could come from a handful of other assets, but the low oil price environment has cast doubt over their viability. Wood Mackenzie shares its views on project timelines, capital expenditure, rig movements, as well as exploration wells to be drilled out to 2020. Furthermore, we highlight the key variables which we assume will determine the fate of activity in the Caspian Sea. Regional 'wells to watch' are included in our new Exploration Well Tracker tool (subject to subscription).
Table of contents
- Executive summary
-
Current state of play
- Exploration – not a priority
- Development
- Infrastructure
-
What's next?
- Renewed exploration – dependent on rig availability
- Development
- Existing projects to continue as planned
- Pre-FID projects could be simplified or delayed
- Infrastructure
- Swaps with Iran
- Caspian Sea – the three key variables
- Appendix
Tables and charts
This report includes 5 images and tables including:
- Key fields and infrastructure in the Caspian Sea
- Caspian Sea production to 2030
- Table: Offshore wells to watch 2015-2020
- Production by project status
- Key projects by start-up date
What's included
This report contains:
Other reports you may be interested in
Asset Report
Yuri Korchagin
The Yuri Korchagin oil, gas and condensate field lies in the Russian sector of the Caspian Sea, only 40 kilometres from Vladimir ...
$3,100
Country Report
Iraq upstream summary
Iraq is the world's fourth biggest oil producer with a capacity of around 5 million b/d. Production capacity grew from ...
$9,450
Asset Report
Yurkharovskoye Fields
The giant Yurkharovskoye gas-condensate field lies in the Nadym-Pur-Taz area of West Siberia. The western part of the field is located ...
$3,100