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Russia and Caspian upstream in brief

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The Russia and Caspian upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the region. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Global upstream updates: our favourite slides and topics
  • Ukraine attacks several Russian refineries. Oil production falls.
  • PETRONAS deepens Turkmenistan footprint with offshore Caspian acreage
  • Kazakhstan awards EPC contract for 2.5 bcma Kashagan GPP
  • Rosneft reports Q1 2026 results
  • BP launches first non-associated gas output at ACG in Azerbaijan
  • Kashagan maintenance deferral and Tengizchevroil recovery keep Kazakh oil production high
  • Gazpromneft launches large Chonski oil project in East Siberia
  • Kazakhstan to auction 30 blocks in July
  • BP enters North Ustyurt PSA in Uzbekistan
  • Russian oil supplies to Hungary and Slovakia via the Druzhba pipeline restart
  • Russian government orders sale of Wintershall Dea and OMV stakes in gas projects
  • 320 more item(s)...

Tables and charts

This report includes the following images and tables:

    OPEC+ 'required production' versus Wood Mackenzie viewPETRONAS offshore acreage in the Turkmen sector of the Caspian SeaKashagan oil production by phase
    Azerbaijan gas exports and pipeline capacityKazakhstan monthly liquids production in 2026Chonski productionBrody PS on 27 September 2025Brody PS on 27 April 2026Urengoiskoye Achimov blocksSemakovskoye productionNovorossiysk on 6 AprilGeology forum announcements on a map
  • 207 more item(s)...

What's included

This report contains:

  • Document

    Russia and Caspian upstream in brief

    PDF 44.72 MB

  • Document

    Russia And Caspian Upstream In Brief Archive.pdf

    PDF 9.66 MB