Investments in exploration-production (E&P) should see two-figure
growth for the fourth year in a row since the recovery began in 2010. They
should increase by approximately 11% in 2013 and exceed US$690 billion
– an increase of 65% since 2009. Additional investments compared with
the previous year stand at around US$70 billion. The Middle East looks
set to enjoy the most dynamic growth with investments up by 21%. This
region will be followed by Europe (20% growth expected), and the Asia-
Pacific region (17%). Latin America should see an increase in investment
of around 14%, while CIS countries and Africa should see more moderate
growth of around 11% and 8%, respectively. After three years of strong
growth, North America will see its growth plateauing at 2%.
NB:
This study is available for free in the IFP website:
* This study has been prepared by the Economics and Information
Watch and Management Division of IFP Énergies nouvelles and
specifically by:
- Geoffroy Hureau:
: investments in
exploration -production
- Sylvain Serbutoviez:
: upstream
activities and markets
- Constancio Silva:
:
investment in refining.
- Guy Maisonnier:
: changes in oil and gas
prices.
We have translated and published it with the kind authorization
of Madame Anne-Laure de Marignan Service de presse IFP
Energies nouvelles - Direction des relations institutionnelles et de la
communication, and the authors
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