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Monthly Global Upstream Review - Capital Expenditure Forecast Continues Decline

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.<br>For more information: http://bit.ly/1PHi8oy

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Monthly Global Upstream Review - Capital Expenditure Forecast Continues Decline

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  1. Monthly Global Upstream Review - Capital Expenditure Forecast Continues Decline Channel sales partner Average Capex Spending is estimated to Decrease by 2020 Total Production Forecast Source: GlobalData, Upstream Analytics [Accessed on January 25, 2016] The global upstream production is expected to increase at an average rate of 1% over the next four years to 59,210 mmboe by 2020. The global planned projects are expected to total 306 between 2016 and 2020 with top regions for development being Europe (72), South America (63), and Africa (57). The average capex spending is estimated to decrease over the next four years from about US$190,976 million in 2016 to US$94,125 million in 2020, correlating to downward trend in commodity pricing, reflected in reduced development costs such as rig leasing. click to purchase - http://www.jsbmarketresearch.com/energy-utilities/r-monthly-global-upstream-review-capital-expenditure-forecast-continues-decline-235343 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.

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