Insight
MENA upstream: 2019 in review
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Report summary
Capital investment remained strong with a focus on expanding oil & gas production capacity. Gas production grew by over 5%, and liquid production fell by 4% mainly due to OPEC agreements. Egypt’s gas-story goes a full circle as it caps production from Zohr. Saudi production swiftly recovers post attacks on its facilities. After a record year in 2018, M&A spend decreased by 23%. MENA witnessed the largest global discovery of 2019 – the Eram gas field in Iran. Egypt’s first Red Sea bid round attracts major IOCs.
Table of contents
- Gas production up, liquid production down, stable capital investment
Tables and charts
This report includes the following images and tables:
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Key upstream events across Middle East and North Africa
What's included
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