Insight
MENA upstream: 2022 in review
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
Insight
MENA upstream in brief
The latest stories and trends in the Middle East and North Africa upstream sector combined with our expert opinion and analysis.
$1,350
Country Report
Peru upstream summary slides
To complement our more detailed Peru upstream summary we provide a slide-pack of the key issues in the country.
$3,400
Asset Report
Montney key play
Detailed analysis of Montney production, well design, economics, operator strategy and subsurface.
$22,800