Name: Caspian upstream 2016 in review: a headline-grabbing year
Brand: Wood Mackenzie
SKU: 59536
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Author: Wood Mackenzie

Insight 12 January 2017

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The low oil price made 2016 a challenging year for economies and currencies dependent on hydrocarbon exports. The low oil price weakened foreign exchange rates and kept investment levels low. However, 2016 was also a landmark year for securing long-term oil supply. Kazakhstan hosted the largest FID of the decade, with a US$37 billion expansion at Tengiz. All eyes are now on Kashagan as production restarted. An essential contract extension at Azerbaijan’s Azeri Chirag Guneshli PSC concluded an eventful year for the Caspian.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle font-semibold">
        Key steps at Caspian megaprojects help to secure long-term oil outlook
    </li>

<li class="list__item-toggle font-semibold">
        Gas is top priority in Azerbaijan
    </li>

<li class="list__item-toggle font-semibold">
        Caspian lags behind on cost deflation
    </li>

<li class="list__item-toggle font-semibold">
        Turkmenistan gas export options diminish
    </li>

<li class="list__item-toggle font-semibold">
        Kazakhstan incentivises struggling oil producers
    </li>

<li class="list__item-toggle font-semibold">
        Caspian welcomes new entrants
    </li>

<li class="list__item-toggle font-semibold">
        Mixed fortunes for Caspian gas-feed projects
    </li>

<li class="list__item-toggle font-semibold">
        A year of milestones despite challenging environment
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Caspian upstream: key events in 2016</li><li class="list__item push-quarter--bottom">Kazakhstan liquids production, 2010-30</li><li class="list__item push-quarter--bottom">Azerbaijan liquids production, 2010-30</li><li class="list__item push-quarter--bottom">Y-o-Y lifting cost change at selected Kazakh assets (US$/boe terms)</li><li class="list__item push-quarter--bottom">Caspian corporate activity: 2016</li>
    </ul>

</div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Caspian upstream 2016 in review: a headline-grabbing year</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>983.38 KB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Russia & Caspian Upstream month in brief 2016 archive.pdf</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>621.40 KB</span>
</p>
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