Monthly Global Upstream Review 2016 Market Size, Generation, Outlook to 2025, Investment Trend, Industry Analysis
The global upstream industry is expected to witness a relatively low production increase with an average rate of 1% over the next four years, from 57,161 mmboe in 2016 to 59,210 mmboe by 2020. The average capital expenditure spending is expected to decrease from about US$190,976 million in 2016 to US$94,125 million in 2020. One of the main reasons for decrease in capex spending is downward trend in commodity pricing, which in turn affected development costs such as rig leasing....
View full press release