Insight
Global upstream: 5 things to look for in 2021
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Report summary
When thinking about 2021, recurring words included uncertainty and contingency, but also resilience and recovery. Dealing with huge unknowns is a core industry strength; and one which will be tested again. But from the ashes of this latest downturn, the foundations may be laid for a broad sector recovery. So what are the themes to look out for in 2021? Underinvestment preceding higher prices; the supply chain bounces off rock bottom; governments make harvest versus growth decisions; momentum to reduce carbon emissions grows and exploration will be profitable, but we expect less fanfare.
Table of contents
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Executive summary
- 1. Continued underinvestment will precede higher prices
- 2. The supply chain will bounce off rock bottom
- 3. Governments will start to make harvest versus growth decisions
- 4. Momentum to reduce carbon emissions will grow
- 5. Exploration will be profitable, just with less fanfare
- What to look for in 2021 series
- Watch our recent webinar
Tables and charts
This report includes 2 images and tables including:
- At what price is capex at risk? Global 2021 operating and free cash flow breakevens
- Proportion of remaining commercial reserves by government share
What's included
This report contains:
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