Name: Caspian upstream: 5 things to look for in 2017
Brand: Wood Mackenzie
SKU: 57654
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Author: Wood Mackenzie

Insight 15 December 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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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. </div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive Summary
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<li class="list__item-toggle font-semibold">
        Kashagan drives oil growth, despite symbolic production cut in H1
    </li>

<li class="list__item-toggle font-semibold">
        Regional costs trend upwards, but far below 2014 level
    </li>

<li class="list__item-toggle font-semibold">
        A decisive year for ACG and Karachaganak megaprojects
    </li>

<li class="list__item-toggle font-semibold">
        Clarity on Kazakh fiscal and regulatory reforms
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<li class="list__item-toggle font-semibold">
        Mixed news for regional pipelines
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<li class="list__item-toggle font-semibold">
        Best wishes for 2017 from Wood Mackenzie's Caspian upstream team
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<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Caspian upstream: events to look for in 2017</li><li class="list__item push-quarter--bottom">Regional capital expenditure trend (2014-17)</li><li class="list__item push-quarter--bottom">Regional operating costs trend (2014-17)</li>
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<p class="font-regular" >Caspian upstream: 5 things to look for in 2017</p>
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