Insight

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

Get this report

$1,350

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

24 May 2016

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.

Table of contents

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

Tables and charts

This report includes 1 images and tables including:

  • Please see the slide-pack in the Downloads section for full details.

What's included

This report contains:

  • Document

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

    PDF 1.63 MB