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Impact of oil price on upstream investment, costs and production in the Middle East and North Africa


Impact of oil price on upstream investment, costs and production in the Middle East and North Africa

Report summary

Wood Mackenzie's estimate of capital expenditure between 2015-2017 in the Middle East and Northern Africa is down 16% since the oil price crash. Cost cutting, lower activity, service sector deflation and project deferrals have all contributed to the lower spend. However, spend has increased in some sectors, such as Northern Africa gas where major projects have been sanctioned, in Saudi Arabia where Saudi Aramco is taking advantage of the lower cost base to maintain market share, and Iran, where the lifting of sanctions will prompt renewed investment.

What's included?

This report includes 1 file(s)

  • Impact of oil price on upstream investment costs and production in Middle East and North Africa.pdf PDF - 2.14 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 full details.

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

  • Please see the slide-pack in the Downloads section for full details.
    • Impact of oil price on upstream investment, costs and production in the Middle East and North Africa: Image 1
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