-
Sector Analysis
Q4 2018 Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia has Highest Capex on New-Build Projects
In Southeast Asia, a total of 49 key crude oil and natural gas projects are expected to start operations in five countries by 2025. Malaysia will lead with the highest number of planned projects, followed by Indonesia and Vietnam. Indonesia also leads in terms of announced projects, followed by Malaysia and Vietnam. Key projects in Southeast Asia are expected to contribute about 171.5 mbd to global crude production and about 801 bcfd to global gas production in 2025. Among operators,...
-
Sector Analysis
H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa – Nigeria Dominates Crude Production and Capex Outlook
In sub-Saharan Africa, a total of 70 crude and natural gas projects are expected to start operations during 2019–2025. Nigeria leads among countries with the highest number of planned projects, followed by Mozambique and Chad. Major projects in Sub-Saharan Africa are expected to contribute up to 2.3 million barrels per day to global crude and condensate production, and 9.6 billion cubic feet per day to global gas production in 2025.
-
Sector Analysis
H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia and Malaysia Lead in Oil and Gas Production
In Southeast Asia, a total of 54 key crude oil and natural gas projects are expected to start operations in six countries by 2025. Indonesia will lead with the highest number of planned projects, followed by Malaysia and Vietnam. Indonesia also leads in terms of announced projects, followed by Malaysia and Vietnam. Key projects in Southeast Asia are expected to contribute about 223 thousand barrels of oil per day (mbd) to global crude production and about 8.1 billion cubic feet...
-
Sector Analysis
Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry, 2019 – UK and Norway Lead in Upcoming Projects Count
A total of 387 planned and announced offshore crude and natural gas projects are expected to start operations globally during 2019 to 2025. Among these, 154 represent the number of planned projects with identified development plans and 233 represent the number of early-stage announced projects that are undergoing conceptual studies and are expected to get approval for development. In terms of number of offshore projects globally, the UK leads among countries with 14 planned and 31 announced projects. Norway follows...
-
Sector Analysis
H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in FSU – Gazprom Dominates Capex and Opex Spending
In the FSU, a total of 52 crude and natural gas projects are expected to start operations in four countries during 2019–2025. Key planned and announced projects in the FSU are expected to contribute about 1,085 thousand barrels of oil per day (mbd) of global crude production and about 16.7 billion cubic feet per day (bcfd) of global gas production in 2025. Among companies, Gazprom has the highest capex and opex on planned and announced projects in the FSU by...
-
Government & Regulation
Brazil Upstream Fiscal and Regulatory Guide
Brazil offers regular licensing rounds as defined in the 2017-2021 bidding schedule. Each year a concession round and a production sharing agreement round are held, in addition to the open acreage round. In Q3 2019, Brazil will hold the Transfer of Rights Round in which four fields, initially assigned to Petrobras (under concession agreements), will be offered under production sharing agreements. Brazil’s Bolsonaro administration continues to try to get more international investment in both the Pre-Salt polygon and more mature...
-
Sector Analysis
Q2 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry – Brazil Leads in Planned Projects Count
Globally more than 370 key planned and announced offshore crude and natural gas projects are expected to start operations during 2018 to 2025. They are expected to contribute around 8.1 mmbd to global crude production and 47 bcfd to global gas production in 2025. More than US$560 billion is expected to be spent between 2018 and 2025 to bring the planned and announced projects online. Among countries, the highest offshore capex on new build projects is in Brazil, followed by...
-
Sector Analysis
Q2 2018 Quarterly Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia and Malaysia Lead in Upcoming Projects Count
In Southeast Asia, more than 45 key crude oil and natural gas projects are expected to start operations by 2025. Malaysia and Indonesia leads with the highest number of planned projects, followed by Vietnam. Indonesia leads in terms of announced projects, followed by Malaysia and Vietnam. Key projects in Southeast Asia are expected to contribute up to 190 mbd to global crude production and more than 8,200 mmcfd to global gas production in 2025. Among operators, Sapura Energy Berhad, PETRONAS...
-
Sector Analysis
H2 2018 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in the North Sea – Equinor ASA Leads in Total Oil and Gas Production
In North Sea, more than 60 key crude oil and natural gas projects are expected to start operations by 2025. The UK leads with the highest number of planned as well as announced projects, followed by Norway, the Netherlands and Denmark. Key projects in North Sea are expected to contribute up to 1,327.4 mbd to global crude production and more than 1,900 mmcfd to global gas production in 2025. Among operators, Equinor Energy AS, Aker BP ASA and Equinor UK...
-
Sector Analysis
Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Countries of the Former Soviet Union
In the Former Soviet Union region, 27 key planned projects are expected to contribute 2.5 million barrels of oil per day to global crude production and 13.5 billion cubic feet per day to global gas production in 2025. Russia has the most planned projects in the region at 25, followed by two in Kazakhstan. The total capex of these planned projects is expected to be US$227.4 billion. Rosneft Oil Company will operate the highest number of key planned projects in...