Activity Survey 2015

ACTIVITY SURVEY 2015

Contents

1. 2.

Foreword

5 7 7 7 7 8 8 9 9 9

Summary of Findings

2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8

Industry Performance in 2014

Oil and Gas Prices

Reserves

Drilling Activity

Production

Capital Investment

Operating Expenditure

Decommissioning

3. 4. 5. 6.

Prices and Markets

10 14 15 20 20 24 35 40 42 44 48 50 54

Fiscal and Regulatory Reform

2014 Performance Business Outlook

6.1 6.2 6.3 6.4 6.5 6.6 6.7

Reserves

Drilling Activity

Production

Total Expenditure Capital Investment

Operating Expenditure

Decommissioning

7. 8.

Supply Chain Perspective Summary of Key Statistics

page 3