Insight
Non-OPEC decline rates set to increase
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
The fall in crude prices and slashing of upstream investment plans has put renewed focus on non-OPEC decline rates. High oil prices and a wave of upstream capital investment between 2011 and 2014 saw decline rates nearly halve in 2013 and 2014. It will take time for the momentum in supply that has been built-up to slow, but under our current projections, decline rates will revert towards normal levels in 2017. Most, but not all regions, follow this trend.
Table of contents
-
Executive summary
- Non-OPEC decline rates fall to 3% in 2013 and 2014
- Impact of low oil prices limited in 2015, but decline rates steepen by 2017
- Recent improvements give way to higher declines across most regions
- Market volatility creates uncertainty
- Appendix - Methodology
Tables and charts
This report includes the following images and tables:
- Non-OPEC capex on producing fields (excluding North America tight oil) and Brent oil price
- Annual average non-OPEC decline rate (excluding North America tight oil)
- Regional average non-OPEC oil decline rates
What's included
This report contains:
Other reports you may be interested in
Insight
Thrive, not survive, in the cutthroat Asian refining and oils market
Takeaways from Wood Mackenzie APPEC Briefing 2025 in Singapore
$900
Insight
OPEC+ production cuts tracker
Includes 7 September agreement to unwind a second tranche of production cuts from October 2025.
$1,350
Insight
Fuel for flight: aviation's path to 2050
Exploring the role of SAF in the decarbonisation of the aviation sector
$900
