Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

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Showing posts with label E&Ps. Show all posts
Showing posts with label E&Ps. Show all posts

Monday, 10 November 2014

Brent falls - impact on E&A

Monday, November 10, 2014  , , , , ,  No comments

Brent (above) has now fallen >25% since June...what are the E&Ps going to do... Onshore flexibility, but not in the offshore Longer lead times, offshore spend tends to be committed vs. onshore Likely see cut back in E&A instead Delayed payments Kurdistan, DNO and Genel are still to be paid for pipeline exports Egypt, TransGlobe has built up USD185m of receivables Nigeria, Seplat has built up USD215m receivables as government...

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