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Impact of oil price on upstream investment, costs and production in Asia Pacific


Impact of oil price on upstream investment, costs and production in Asia Pacific

Report summary

Since the oil price crash, Wood Mackenzie's Asia Pacific upstream capex forecast is down 21% (US$39 billion) in 2016-2017, versus our view in Q4 2014. The biggest factor in the reduced spend is not cost deflation, but the deferral of investment in brown- and greenfield projects and as a result, the region loses output of 1.6 million boe/d through to 2020. E&A spend has plummeted as well, despite a reduction in well costs of over 40% from 2014 levels. In the current environment, key project decisions are unlikely to be made before 2017.

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  • Impact of oil price on upstream investment, costs and production in Asia Pacific.pdf PDF - 1.63 MB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Impact of oil price on upstream investment, costs and production in Asia Pacific

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  • Impact of oil price on upstream investment, costs and production in Asia Pacific
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