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2020 – Investments in Oil and Gas Exploration and Production Will Be the Lowest in 13 Years

Written by Roberta Souza

Published on 31/03/2020 at 17:04

Economy, Oil and Gas

petróleo, óleo e gás, investimentos

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The year 2020 will be remembered as a difficult year for most of the global population, businesses, and especially the oil and gas sector. Due to the coronavirus pandemic, the drop in fuel demand and the war between Saudi Arabia and Russia over the commodity supply are the main factors responsible for the drop in prices and minimal investments in the oil exploration and production segment worldwide.

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However, if oil prices remain at the current range of US$ 25, global investments could drop to US$ 380 billion in 2020 and nearly US$ 300 billion in 2021. This outcome would represent the lowest values in the last 14 and 15 years, respectively.

Rystad Energy added that the estimated cost cuts would be achieved mainly by reduced activity in U.S. shale, delays in projects that had not yet reached the final investment decision (FID) stage, deferred exploration activity, and cost-cutting in the development and production of conventional assets.

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Óleo e Gás Petróleo

Roberta Souza

Autora no portal Click Petróleo e Gás desde 2019, responsável pela publicação de mais de 8.000 matérias que somam milhões de acessos, unindo técnica, clareza e engajamento para informar e conectar leitores. Engenheira de Petróleo e pós-graduada em Comissionamento de Unidades Industriais, também trago experiência prática e vivência no setor do agronegócio, o que amplia minha visão e versatilidade na produção de conteúdo especializado. Desenvolvo pautas, divulgo oportunidades de emprego e crio materiais publicitários direcionados para o público do setor. Para sugestões de pauta, divulgação de vagas ou propostas de publicidade, entre em contato pelo e-mail: santizatagpc@gmail.com. Não recebemos currículos

2020 – Investments in Oil and Gas Exploration and Production Will Be the Lowest in 13 Years

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