Insight
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.
Table of contents
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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.
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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
Tables and charts
This report includes 4 images and tables including:
- Middle East annual capex
- North Africa annual capex
- MENA upstream: 5 things to look for in 2017: Image 1
- MENA upstream: 5 things to look for in 2017: Image 4
What's included
This report contains:
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