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UK upstream: what to look for in 2016


UK upstream: what to look for in 2016

Report summary

The twin effects of less activity and cost deflation will mean that UK capital investment will continue to decline in 2016, falling by around 25%. We only expect three project sanctions, but progress will be made on vital new developments such as Kraken Area and Culzean. Nine fields are expected to start producing, the largest being Total’s delayed Greater Laggan Area. In exploration, following a similar drop in 2015, we expect only 10 to 15 exploration wells to be drilled in 2016. While, in the deal market, we believe that value traded will be close to that in 2015.

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Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • UK upstream: what to look for in 2016
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