The Impacts of Pricing Volatility on Global Upstream Development Through 2020

Sponsored by: GlobalData Technology

Focused on:

  • Upstream
  • Oil
  • Gas
  • Energy
  • Diversification

Date: 20 February


Time: 2PM London / 9AM New York

How Will Global Upstream Investment Cases be Influenced by Oil Price Scenarios?

Looking forwards the direction of crude prices will be a critical factor for companies making final investment decisions in the upstream oil and gas sector over the next few years.

The effect of three oil price scenarios on global upstream projects until 2020, has been forecast using field level information from GlobalData’s Analytics platform. The three scenarios are a base case of prices rising to around US$65 per barrel by the end of the decade, a high case of US$95 per barrel and a low case of US$35 per barrel.

These scenarios were determined based on feedback from industry contacts and key trends identified by our research team, such as energy diversification, flexibility in current fiscal regulations, and low growth in demand.

Presented by

Jonathan Markham,

Upstream Analyst

Jonathan Markham has a lead role in the economic modelling and analysis of Upstream Oil & Gas projects.

Previously he has worked in the MENA region in Business Development and Sales for the Security and HSE sectors. Jonathan graduated with a Master of Science (MSc) for Petroleum Geoscience and a Master of Earth Sciences (MEarthSci) from the University of Manchester with Distinction.

Jonathan's analysis and insights have been featured in publications, such as World Politics Review, Pipeline International Magazine and World Oil Magazine.

Key Learning Objectives

  • Identifying key themes that will affect the market over the next 5 years.
  • The effect of three oil price scenarios on global upstream projects until 2020
  • Comparison of selected projects economic metrics at the three oil price scenarios.
  • Which projects & companies will be most affected by a volatile oil price?


  • Head of Exploration
  • Head of Production
  • Head of Planning and Strategy
  • Head of Research and Analysis
  • Head of Project Evaluation
  • Head of Fiscal Analysis
  • Upstream Consulting
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