Insight
| |
5 Pages

Low oil price - implications for the Caspian


Low oil price - implications for the Caspian

Report summary

The oil price fall has major implications for project sanction and near-term investment levels in the Caspian. Wood Mackenzie estimates that total capital expenditure to 2020 will exceed US$120 billion in the region. With short-term revenues under threat, some pre-sanction projects could be postponed or even shelved. Based on our long-term Brent assumption, onstream developments should not be affected. Operators will instead focus on achieving efficiencies and reducing operating expenditures.

What's included?

This report includes 1 file(s)

  • Low oil price - implications for the Caspian PDF - 282.54 KB 5 Pages, 0 Tables, 3 Figures

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.

  • Beyond Tengiz FGP, the megaprojects look safe for now
  • High cost pre-sanction projects are under threat
  • The domestic market becomes more attractive
  • Lengthy M&A approval periods could have knock-on effect
  • Appendix

In this report there are 3 tables or charts, including:

  • Beyond Tengiz FGP, the megaprojects look safe for now
    • Estimated capital expenditures for the megaprojects, 2015-2020
  • High cost pre-sanction projects are under threat
    • The 10 most capital intensive projects in the Caspian over 2015-2020, excluding the megaprojects
  • The domestic market becomes more attractive
    • Comparison of export and domestic netbacks for a 20,000 b/d producing operator in Kazakhstan
  • Lengthy M&A approval periods could have knock-on effect
  • Appendix
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.