01.10.2013

30 minutes of reading

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IFPEN analyses in this study the 2013 evolution of global investment in the field of exploration-production and refining.

SUMMARY

Changes in oil and gas prices

  • Exploration production: a new year of growth 
  • The increase in investments continues into 2013
  • Exploration – discoveries in 2013
  • 1978 - 2012: investments – production – price  

Main markets in the upstream oil equipment and services sector 

  • Drilling
  • Geophysical market  
  • Offshore construction

Refining: looking for new equilibriums 

  • Falling excess capacity and regional disparities  
  • Recovery in capital spending in emerging countries  
  • Asia is still the Eldorado for investment in the downstream oil sector

 

PDF picto > Download the report (PDF - 500 Ko)

THE AUTHORS

Investments in exploration-production - Geoffroy Hureau - geoffroy.hureau@ifpen.fr:
Upstream activities and markets - Sylvain Serbutoviez - sylvain.serbutoviez@ifpen.fr:
Investment in refining - Constancio Silva - constancio.silva@ifpen.fr
Changes in oil and gas prices
 - Guy Maisonnier - guy.maisonnier@ifpen.fr