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Caspian upstream: 5 things to look for in 2017

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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.

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  • Caspian upstream: events to look for in 2017
  • Regional capital expenditure trend (2014-17)
  • Regional operating costs trend (2014-17)

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