PF&C: Price of Oil - Consultancy Outlook
Continued downward pressure on oil prices means ongoing capital expenditure cuts across the exploration and production (E&P) sector. What level of sustained reinvestment is required to offset depletion and meet demand growth for both oil and natural gas going forward? We'll discuss:
- Levels of capital spending cuts since 2014 compared to historical reinvestment rates.
- Estimates of capital required over the next five years to replace depletion and meet expected growth.
- The cash-flow outlook for E&P businesses as a guide to their capacity to invest.
- Hard choices required to balance capital investment with other demands on cash flow.
Explore ways E&P businesses can balance immediate cash-preservation needs vs. future new-production-investment needs.
Location:
Technip USA
11740 Katy Freeway
Houston
,
TX 77079