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Continental and Mediterranean Europe Upstream: 2015 in review and what to look for in 2016

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Report summary

Looking back at the biggest stories in Continental and Mediterranean Europe of 2015 we highlight some of the key regional trends in the E&P sector. We also explore how some of these trends might develop in 2016 and include our view of important events to watch.Continental and Mediterranean Europe s upstream sector was impacted by the low oil price in 2015. Licensing and exploration drilling activity were both down from 2014 figures. Production decreased by 12% from 2014 the first time it has slipped below 1 bnboe since the 1970s. This was in part caused by the decrease of development capital investment by 17.4% in 2015 from 2014 levels. In the new lower commodity price environment we do not expect production in the region to recover beyond the billion barrels a year threshold and indeed we estimate that annual production could fall another 150 million boe by the end of the decade.

What's included

This report contains

  • Document

    CME Review 2015.xls

    XLS 257.50 KB

  • Document

    Continental and Mediterranean Europe Upstream review 2015.pdf

    PDF 1.49 MB

  • Document

    Continental and Mediterranean Europe Upstream: 2015 in review and what to look for in 2016

    PDF 404.16 KB

  • Document

    Continental and Mediterranean Europe Upstream: 2015 in review and what to look for in 2016

    ZIP 1.82 MB

Table of contents

Tables and charts

This report includes 7 images and tables including:

Images

  • 2015 exploration and production acreage and licence awards
  • E&A wells drilled* and discovered volumes in 2015
  • Five year view of E&A activity and volumes discovered
  • 2015 nominal development spend by country
  • Liquids production
  • Natural gas production
  • Resources traded and considerations paid (2010-2015)

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