Insight
Russia & Caspian investment and cost trends: the end of the currency effect?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Russia & Caspian region has seen some of the largest cuts in US$ upstream costs since the oil price fall. 2017 lifting costs have reduced by 22% compared to our Q4 2014 outlook. Regional currency depreciation drove savings in 2014-16. But, from 2017, exchange rate stabilisation means not all savings will stick. Key investment projects remain resilient, headlined by the largest FID of recent years – US$37 billion Tengiz expansion. What comes next? A further 10 major FIDs are expected by end-2020, but optimisation and cost control will be critical.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Babbage
The Babbage gas field was developed using a not-normally-manned (NNM) platform, tied back via the West Sole infrastructure 28 ...
$3,720
Asset Report
Kalamkas More-Khazar
LUKOIL and state-owned NC KazMunaiGas (NC KMG) operate the Kalamkas More-Khazar oil development in the shallow waters of ...
$5,280
Asset Report
Erskine
Erskine is a complex high-pressure, high-temperature (HP/HT) gas/condensate field located to the south of the ETAP hub in the Central ...
$5,280
