What next for Russia's upstream? Report

Insight 17 May 2022

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Report summary

Russia's invasion of Ukraine is reshaping geopolitics, threatening the global economy and disrupting commodity markets. Many IOCs have exited the Russia’s upstream and those who remain have ended business development activity. The impact on Russia as an oil and gas superpower will be profound. In this Insight, we address various core questions related to the outlook for Russia’s upstream, from the impact on production to the future of exploration. • What are the impacts on oil, gas and LNG? • How will Russian companies fund their activity? • Will the international service companies impact the outlook? • What next for foreign investors in Russia’s upstream?

Executive summary
- Why does Russia’s upstream matter?
- How will oil production be impacted?
- What next for gas production?
- How could the LNG outlook be impacted?
- How will Russian companies fund their activity?
- What is the impact on the service sector?
- What next for foreign investors in Russia’s upstream?
- What next for exploration?