Insight
Non-OPEC decline rates set to increase
This report is currently unavailable
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 3 images and tables including:
- 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
31 August 2017
Non-OPEC decline rates: lower for longer
Insight
Non-OPEC decline rates: lower for longer
Rather than accelerate, non-OPEC decline rates are set to remain stable at around 5%, below historical norms, until after 2020
$1,35005 June 2018
Oil supply long-term outlook H1 2018: geopolitics, US tight oil and non-OPEC resilience
Insight
Oil supply long-term outlook H1 2018: geopolitics, US tight oil and non-OPEC resilience
What are the key themes that will shape global oil supply to 2040?
$1,35013 April 2018
Global upstream oil supply webinar: Lower for longer – non-OPEC decline rates
Insight
Global upstream oil supply webinar: Lower for longer – non-OPEC decline rates
Rather than accelerate, non-OPEC decline rates have remained stable at around 5%, what is driving this trend?
$1,350
