If the OPEC agreement is able to maintain the average oil price above $ 55 per barrel, then the oil and gas industry can have a positive cash flow in 2017, for the first time since the market crash in 2014 - Wood Mackenzie envisions.
Most companies in this sector will start 2017 with stronger fundamentals, after cutting their operating margins by an average of half to survive over the past two years. A thorough redesign of the investment is to be expected, as stated in Wood Mackenzie's analysis.
Wood Mackenzie also expects moderate output growth despite cuts in investment in recent years and new research discoveries and mergers and acquisitions. In general, the coming year will be a year of stability and opportunity for those companies that have a good financial position. Other players will look for ways to expand their portfolios.
Wood Mackenzie foresees an upward trend in prospecting for 2017.
Wood Mackenzie predicts stabilization in the oil and gas market next year
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Azovpromstal® 23 December 2016 г. 10:11 |
