In this report, we take a look at the investment and production outlook under our Q1 2015 dataset. Development spend out to 2020 is down US$175 billion (7%) relative to our Q4 2014 dataset, as companies cut costs and defer pre-FID projects in response to low oil prices. Nonetheless, we still expect production to grow at an average of 2.5% per annum across our coverage.
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This report contains:
CBT Spotlight - investment and production Q1 2015.pdf