Middle East oil investments are likely to rise in 2019 on back of Saudi Arabia shallow water brownfield expansions, while North Africa will see a decline, Wood Mackenzie says in its 2019 outlook report. Oil spend is expected to rise by nine per cent year-on-year to $56 billion in the Middle East with expansionary projects such as Safaniyah, Marjan and Zuluf in Saudi Arabia. Meanwhile, other Middle East projects on the horizon include UAE’s three bid rounds - Abu Dhabi, Ras al Khaimah and Sharjah. With some concessions already awarded, others are expected to be awarded soon. A total of 16 blocks are on offer with ... (full story)