Upstream spending cuts in the MEA region have resulted in a drop in active rig counts, which will limit growth in regional gas production in the coming months.
The key MEA countries had 445 active oil and gas rigs in February 2016, down from 471 in February 2015. Marketed gas production in the key countries increased by 1.4% on an annual basis in 2015, to 740.7 bcm. GGA expects it to rise by 1.4% on an annual basis in H1 2016, to 383.1 bcm.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up