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5 Pages

Non-OPEC decline rates set to increase

Non-OPEC decline rates set to increase

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. 

What's included?

This report includes 2 file(s)

  • Non-OPEC decline rates set to increase PDF - 1.93 MB 5 Pages, 0 Tables, 3 Figures
  • Non-OPEC decline rates to increase.xls XLS - 270.00 KB


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  • 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

In this report there are 3 tables or charts, including:

  • Executive summary
    • 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
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