Insight

Oil prices: impact on Asia-Pacific upstream outlook

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Report summary

An industry survey conducted by Wood Mackenzie in the Asia-pacific region has identified five main cost reduction trends. While pushing contractors to cut costs is the most favoured, in reality operators are expected to try every method at their disposal to reduce outlays. Despite wide ranging capital and operating expenditure cuts, we expect few onstream fields to be shut-in. 

What's included

This report contains

  • Document

    Oil prices: impact on Asia-Pacific upstream outlook

    PDF 304.95 KB

Table of contents

  • Executive Summary
  • Capital expenditure cuts estimated at US$28 billion (2015-2016)
    • Production outlook (Q4-2014 vs Q1-2015)
  • The last resort: divestment

Tables and charts

This report includes 5 images and tables including:

Images

  • Capital expenditure cuts by country (2015-2016)
  • Capital expenditure cuts by development theme
  • Priority areas to cut costs
  • Level of cost reductions expected
  • Oil prices: impact on Asia-Pacific upstream outlook: Image 5

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