Caspian Upstream: what to look for in 2015

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Report summary

The low oil price and Russia's economic turmoil will make 2015 a year of great uncertainty for the Caspian region. State budgets will have to adjust to lower revenues, operators will optimise expenditure and exploration activity will remain at a low level. However, despite this tough outlook, production at the megaprojects will increase, M&A activity will stay high and the Southern Gas Corridor will enter the construction phase.

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    Caspian Upstream: what to look for in 2015

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Table of contents

  • Caspian economies at threat
  • Pre-sanction projects and exploration expenditure hit hardest
  • Licensing activity will remain low
  • The final countdown begins for the Southern Corridor
  • Buyer's market will emerge in Central Asia
  • The megaprojects to the rescue
  • Wood Mackenzie's Caspian Upstream Service celebrates its 20th anniversary

Tables and charts

This report includes 1 images and tables including:


  • Key events in the Caspian in 2015

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