Caspian Upstream: 2014 in review

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Report summary

The megaprojects were once again at the centre of attention in the Caspian in 2014. Most of the year was spent identifying the extent of the issues with the gas pipelines at Kashagan. Consolidation and partner restructuring continued throughout 2014 for the Southern Corridor. Meanwhile fiscal revision, rising domestic oil obligations, collateral damage from sanctions on Russia and the falling oil price remained a concern to the industry.

What's included

This report contains

  • Document

    Caspian Upstream: 2014 in review

    PDF 986.54 KB

Table of contents

  • Southern Corridor post-FID: a year of farm-outs and contracts
  • Waiting for Kashagan
  • Chinese investment remains strong in the Caspian
  • Regional production remains reliant on a handful of mega-projects
  • Exploration remains disappointing
  • More pipeline capacity to the Chinese market
  • Another year of fiscal changes in Kazakhstan
  • A challenging geopolitical context
  • Appendix

Tables and charts

This report includes 5 images and tables including:


  • Caspian region liquids production,2010-2020 ('000 b/d) YoY production change (%) at key regional fields 2012-2014
  • Caspian Upstream: 2014 in review: Image 3


  • Caspian Upstream: 2014 in review: Table 1
  • Caspian Upstream: 2014 in review: Table 2
  • Caspian Upstream: 2014 in review: Table 3

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