Insight
MENA upstream: 2022 in review
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2022 was a solid year for the MENA upstream sector with increased investment, higher production, and record revenues. Capex increased by 25% as the Middle East NOCs continued to award massive contracts and sanction large expansion projects. OPEC+ production cuts continued to unwind, but oil production growth was slowed again with the introduction of a 2 million b/d cut in November. M&A spend totalled US$2.4 billion, with North Africa capturing most of the deals. Fiscal reforms in Egypt and Algeria are paying off by attracting much-needed investment. Exploration activity in Algeria enjoyed a resurgence with 1.4 billion boe of resources discovered. Our review of 2022 highlights key themes and trends for the MENA region, including investment, production, government revenues, M&A, exploration and FIDs.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Country Report
Ecuador upstream summary
We have completed a full update of our Ecuador coverage with robust quality checks for historical production, drilling schedules, ...
$6,480
Asset Report
Skarv Satellites
Skarv Satellites is a collection of oil and gas fields in the Voring Basin and Mid Norway.
$3,720
Asset Report
Venice (VK 912)
Venice (VK 912) is a small oil and has field in the Viosca Knoll protraction area of the Central Gulf of Mexico. The field is one of ...
$3,720
