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IOC value in the Middle East: a growth opportunity

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15 January 2018

IOC value in the Middle East: a growth opportunity

Report summary

Qatar continues to dominate regional IOC value through its leading LNG and GTL industries. As recently as five years ago, it was responsible for 60% of the regional IOC value. This has fallen to 40% with lower LNG prices taking the shine off Qatar LNG. Meanwhile contract awards in UAE, renegotiations in Iraq and asset development in Oman and Israel has further narrowed the gap. The Middle East is now a more diverse play for international companies. IOC players should see production grow from 7 million boe/d to 9 million boe/d over the next five years. And there are opportunities to grow that further.

Table of contents

  • Executive summary
  • Four oil majors (RDS, XOM, TOT, BP) dominate Middle East IOC value
  • Few operators have access to high margin barrels
  • New opportunities to boost investment
    • IOC value: Qatar remains dominant, but Iraq, Israel and UAE gain ground
    • Shell and ExxonMobil dominate, BP is catching up
  • A long-term growth opportunity

Tables and charts

This report includes 7 images and tables including:

  • Middle East IOC value by resource theme
  • Middle East IOC value by country
  • Value per barrel
  • Middle East capex (commercial base case)
  • Middle East working interest production (commercial base case)
  • IOC value by country
  • IOC value

What's included

This report contains:

  • Document

    IOC value in the Middle East a growth opportunity.xlsx

    XLSX 1.69 MB

  • Document

    IOC value in the Middle East: a growth opportunity

    ZIP 1.88 MB

  • Document

    IOC value in the Middle East: a growth opportunity

    ZIP 1.88 MB