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Low oil price - implications for the Caspian

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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.

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    Low oil price - implications for the Caspian

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This report includes 3 images and tables including:

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  • Estimated capital expenditures for the megaprojects, 2015-2020
  • The 10 most capital intensive projects in the Caspian over 2015-2020, excluding the megaprojects
  • Comparison of export and domestic netbacks for a 20,000 b/d producing operator in Kazakhstan

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