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Despite the regions prevalence within the global upstream landscape, only 20 of the 61 companies covered within our Corporate Benchmarking Tool have commercial positions within the Middle East. Collectively we value these assets at US$122 billion, equating to less than 10% of upstream commercial value, investment, production and cash flow. Noble Energy has the highest exposure to the region within our coverage. Shell and ExxonMobil are the most exposed of the Majors with Statoil absent from the Middle East. The regional resource base is dominated by LNG at 40% of regional upstream value (NPV10) and margins are supported by large mid-life legacy assets that are well past peak investment.
What's included?
This report includes 2 file(s)
CBT Spotlight-Middle East.pdf PDF - 1.45 MB
CBT Spotlight Middle East.xls XLS - 145.50 KB
Description
The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation all impact the production process.
This forces companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.
This Upstream Oil and Gas Company Benchmarking report provides a unique perspective on corporate positioning using our proprietary, forward-looking metrics on financial health, value, production, reserves and costs.
Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.
Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Company report | Aug 2016
CBT Spotlight: Middle East
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