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MENA upstream: 5 things to look for in 2017


MENA upstream: 5 things to look for in 2017

Report summary

Activity levels have remained relatively robust across the MENA region despite the period of low oil prices. We expect this trend to continue through 2017. As the oil price shows signs of recovery, we envisage five main themes dominating the MENA upstream industry during the next year.

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This report includes 1 file(s)

  • MENA upstream: 5 things to look for in 2017 PDF - 952.49 KB 5 Pages, 0 Tables, 4 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • 1. Gas will be major growth story in MENA. Oil production expected to reduce but uncertainty surrounds the OPEC deal.
    • Production from new gas projects expected onstream in 2017
  • 2. Geopolitical uncertainty will continue. Conflict will remain a key risk in the region.
  • 3. Iran will sign the first IPC contracts and M&A will be largely focused in the Eastern Mediterranean and North Africa.
  • 4. FIDs will focus on gas, with overall investment levels set to increase.
  • 5. Exploration drilling will be largely unchanged from 2016 with mixed results expected from recent licensing rounds.
    • Key wells to watch and activity expected across MENA in 2017

In this report there are 4 tables or charts, including:

  • 1. Gas will be major growth story in MENA. Oil production expected to reduce but uncertainty surrounds the OPEC deal.
    • MENA upstream: 5 things to look for in 2017: Image 1
  • 2. Geopolitical uncertainty will continue. Conflict will remain a key risk in the region.
  • 3. Iran will sign the first IPC contracts and M&A will be largely focused in the Eastern Mediterranean and North Africa.
  • 4. FIDs will focus on gas, with overall investment levels set to increase.
    • Middle East annual capex
    • North Africa annual capex
  • 5. Exploration drilling will be largely unchanged from 2016 with mixed results expected from recent licensing rounds.
    • MENA upstream: 5 things to look for in 2017: Image 4
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