Name: The Middle East – global hotspot for resource capture?
Brand: Wood Mackenzie
SKU: 85036
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 24 March 2018

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Report summary

An enormous set of oil and gas discovered resource opportunities (DROs) will be available to international companies through licensing over the next five years. The scale of the resource could transform company portfolios and boost global oil and gas supply by over 5 million boe/d next decade. Iraq, Iran, UAE and Qatar are all positioning for international investment. Over US$100 billion of investment is needed in these projects over the next decade.

Executive summary
Oil market realities are driving new relationships in the Middle East
- Host government/NOC drivers are changing
- Competition for new opportunities will vary by country, resource theme and project maturity
- Terms will remain harsh for conventional opportunities
- But harsh terms can lead to sub-optimal outcomes
- Relationships are shifting east but Big Oil will still have a key role
60 billionboeof Middle East opportunities available
- Developed assets – something for everyone
Majors will take the lead on the biggest and best opportunities
- Asian NOCs are likely partners
- Only a select group of others can bring capital and expertise
Outlook

Tables and charts

This report includes the following images and tables:

Middle East discovered resource opportunitiesDRO by hydrocarbon typeDRO by resource theme

Gross hydrocarbon production from DROsOil and gas as a share of government revenueFiscal breakevenKey developed projects2017 production for developed assetsKey undeveloped projects