Positive Upstream Review: Oil and Gas Production to Increase at 7.8% CAGR through 2021


Published on : Dec 07, 2017

Albany, New York, December 7, 2017: A new research report highlighting the monthly upstream developments for 2017 has been added to the repository of Market Research Hub (MRH). The report titled “Monthly Global Upstream Review, September 2017-Surge in Global Production Outlook” projects the global oil & gas production to increase at a CAGR of nearly 7.8% during the forecast period 2017-2021. Asia continues to be one of the most lucrative markets for the global oil and gas industry with a number of projects announced by governments in the region. The growth in Asia will be followed by South America and Africa. The total production of oil and gas is estimated to reach nearly 60 billion boe by the end of 2021, as nearly 450 announced and planned projects contributing to the total boe.

The report has been compiled keeping in mind the key macro and micro factors that are impacting the global upstream market. The key developments that are shaping this landscape have been taken into account while compiling this report. Readers can expect concrete and reliable forecast during the period 2017-2021. The global production outlook has been analyzed according to key regions, with key economic metrics discussed for both the regions and the key companies operating in this market. Readers will also gain information on the global production of liquid and natural gas. Capex spending of key announced and planned projects is also discussed in the report.

Stakeholders in the market can expect to identify the key opportunities and challenges that are impacting the global upstream industry during the period 2017-2022. The analysis and insights from this report can be fed into the business strategy, marketing, and sales to gain a competitive advantage. The highlight of the report is its focus on competitive landscape, with the capex discussed in the report. The tables included in the report offer information on the total annual capex forecast, year-wise forecast for planned and announced projects, the total production of natural gas, and capex of the leading 10 companies in the market. The key metrics on the basis of economic factors are offered to readers with a focus on the companies operating in the landscape.

The report includes thorough secondary research and has been compiled on the basis of a lucid and comprehensive methodology. Readers can expect a wealth of information on the global upstream review, and this information can be useful for incorporating an effective business strategy.

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