Investments & Funding

Upstream oil and gas investment continued to tumble in 2016, falling 26% in nominal terms to $434 billion, which was close to the rate of decline in 2015, according to the International Energy Agency’s 2017 World Energy Investment report. Investment in 2016 was little more than half the peak level of 2014, when oil prices started to fall sharply. The fall in investment in 2015 and 2016 totaled $345 billion in what could be called an unprecedented contraction.

The pace of the decline in upstream spending varies considerably by region, companies, and type of asset. Most of the decline can be explained by lower unit costs, but a significant share of the contraction is due to reduced drilling.

Our dedicated team will lead our clients in order to select the best oil markets for investment.