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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
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