Insight
Caspian upstream: what to look for in 2016
This report is currently unavailable
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.
Table of contents
- 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
Tables and charts
This report includes 3 images and tables including:
- Caspian upstream: events to look for in 2016
- Caspian upstream capital expenditure – stable despite downward pressures
- 2016 Caspian upstream project tracker
What's included
This report contains:
Other reports you may be interested in
Insight
Russia and Caspian upstream: 2022 in review
Russia’s invasion of Ukraine upended the state of play across the region. How did the upstream sector respond to heightened risks?
$1,350
Insight
China's commodity markets: 5 things to look for in 2017
We look ahead to what 2017 could have in store for China's commodity markets and discuss five factors that could surprise the markets.
$950
Insight
2024 guidance: upstream companies' capital budgets and production targets
Rolling company guidance tracker with 2024 investment plans and volume targets
$1,350
