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MENA upstream: 2019 in review

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06 January 2020

MENA upstream: 2019 in review

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 1 images and tables including:

  • Key upstream events across Middle East and North Africa

What's included

This report contains:

  • Document

    MENA upstream 2019 in review.pdf

    PDF 1.15 MB

  • Document

    MENA upstream 2019 in review data.xlsx

    XLSX 191.81 KB

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    MENA upstream: 2019 in review

    ZIP 1.21 MB