Insight
Global Upstream: 5 things to look for in 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We predict the cycle will turn in 2017, and confidence will start to return to the E&P sector, bringing the crushing two year investment slump to a close. E&P spend will rise by 3%, and at the forefront of the revival will be US tight oil. Costs will continue to fall, though only marginally. But 2017 will demonstrate how much more efficient the E&P industry has become. We predict double the number of FIDs compared to 2016, and an increase in profitability for explorers and developers.
Table of contents
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The global upstream recovery begins
- 1) Global investment will rise, reversing two years of severe decline
- 3) Fiscal rules will need to improve to attract scarce investment
- 4) Oil production still likely to rise; global gas markets oversupplied
- 5) Explorers will drill fewer, but better wells
Tables and charts
This report includes 1 images and tables including:
- FIDs per year, 2007-2017
What's included
This report contains:
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