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Caspian upstream: what to look for in 2016


Caspian upstream: what to look for in 2016

Report summary

2016 will continue a period of stark adaptation for the Caspian region and its energy industry. With the oil price set to remain low throughout the year, currencies risk weakening further and new investment will be limited.

Nevertheless, 2016 will also be a vital transition year for the region’s two largest liquids projects: FID will be taken for a US$30 billion+ expansion project at Tengiz in Kazakhstan, while a contract extension is expected at Azeri Chirag Guneshli in Azerbaijan.

What's included?

This report includes 1 file(s)

  • Caspian upstream: what to look for in 2016 PDF - 468.62 KB 4 Pages, 1 Tables, 2 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
  • A year headlined by FID for Tengizchevroil Future Growth Project (FGP)
  • The future of ACG and other megaprojects will become clearer
  • Amidst economic turmoil, limits of Caspian cost savings will be evident
  • Kazakh oil export duty falls, but incentives to invest are in short supply
  • Regional pipelines will bring some positive news
  • Iranian oil swaps will resume, but at a low level… for now
  • Wood Mackenzie's Caspian Upstream team is here to help

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

  • Executive Summary
    • Caspian upstream: events to look for in 2016
  • A year headlined by FID for Tengizchevroil Future Growth Project (FGP)
  • The future of ACG and other megaprojects will become clearer
  • Amidst economic turmoil, limits of Caspian cost savings will be evident
    • Caspian upstream capital expenditure – stable despite downward pressures
    • 2016 Caspian upstream project tracker
  • Kazakh oil export duty falls, but incentives to invest are in short supply
  • Regional pipelines will bring some positive news
  • Iranian oil swaps will resume, but at a low level… for now
  • Wood Mackenzie's Caspian Upstream team is here to help
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