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Caspian upstream: 5 things to look for in 2017


Caspian upstream: 5 things to look for in 2017

Report summary

After an eventful 2016, the Caspian will enjoy a less volatile year in 2017. Upstream operators and the region's hydrocarbon-dependent economies will be more comfortable in a higher oil price, confident that the toughest days are now behind them.

Ramp-up at Kazakhstan's super-giant Kashagan field, which began in 2016, will continue at a strong pace throughout 2017.

Regional capital expenditure will be flat, albeit ever more reliant on two of the world's largest post-FID megaprojects: Tengizchevroil (TCO) expansion (Kazakhstan) and Shah Deniz Phase Two (Azerbaijan).

Other operators will continue to benefit from much of the cost and efficiency savings of 2015-16. 

What's included?

This report includes 1 file(s)

  • Caspian upstream: 5 things to look for in 2017 PDF - 471.50 KB 4 Pages, 0 Tables, 3 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
  • Kashagan drives oil growth, despite symbolic production cut in H1
  • Regional costs trend upwards, but far below 2014 level
  • A decisive year for ACG and Karachaganak megaprojects
  • Clarity on Kazakh fiscal and regulatory reforms
  • Mixed news for regional pipelines
  • Best wishes for 2017 from Wood Mackenzie's Caspian upstream team

In this report there are 3 tables or charts, including:

  • Executive Summary
    • Caspian upstream: events to look for in 2017
  • Kashagan drives oil growth, despite symbolic production cut in H1
  • Regional costs trend upwards, but far below 2014 level
    • Regional capital expenditure trend (2014-17)
    • Regional operating costs trend (2014-17)
  • A decisive year for ACG and Karachaganak megaprojects
  • Clarity on Kazakh fiscal and regulatory reforms
  • Mixed news for regional pipelines
  • Best wishes for 2017 from Wood Mackenzie's Caspian upstream team
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