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Impact of oil price on upstream investment, costs and production in Russia & Caspian


Impact of oil price on upstream investment, costs and production in Russia & Caspian

Report summary

The Russia & Caspian region has seen some of the largest reductions in US$ upstream costs since the oil price began to fall.

From Q4 2014 to Q2 2016, we have reduced our 2016-20 capital expenditure profile by 35% for Russia and by 20% for Caspian.

Most US$ savings are from local currency depreciation, with the Russian rouble and Kazakh tenge halving in value since the start of 2014. Deflation in like-for-like costs is limited, but can still be achieved – most notably in Kazakhstan. 

What's included?

This report includes 1 file(s)

  • Impact of oil price on upstream investment, costs and production in Russia & Caspian.pdf PDF - 1.23 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.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Please see the slide-pack in the Downloads section for the full report.
    • Russia & Caspian: key issues for regional costs

In this report there is 1 table or chart, including:

  • Please see the slide-pack in the Downloads section for the full report.
    • Impact of oil price on upstream investment, costs and production in Russia & Caspian: Image 1
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