New market study, "Norway Oil & Gas Report Q3 2016", has been published
New Energy research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Tue Jul 19 2016] New field developments and improved recovery will stabilise oil production over the 201 6 -2019 period . Weaker oil prices will curtail investment, al though the long-term impact will be masked by the vast Johan Sverdrup project starting in 2019 . Gas production will improve as lower prices support European demand.
Latest Updates And Key Forecasts
Crude, condensate and other liquids production increased 2.4% y-o-y in 2015, reaching 1.938mn b/d.
In 2016, the Goliat field (Q1) and the Flyndre development (H2) will support production declines.
Non-exploration investment in the Norwegian continental shelf fell around 17% in 2015 and is due to drop again in 2016 and 2017.
Subsea compressors installed at the Gullfaks and Asgard fields in September and October 2015 will also support our outlook for oil production growth in 2016.
Gas production increased 7.7% y-o-y in 2015, reaching 117.4bcm.
Total announced it will delay the Martin Linge project to 2018, while the final investment decision on Statoil's Snorre 2040 project has also been delayed to Q416.
Full Report Details at
Exploration wells are due to fall from 56 in 2015 to an estimated 32 in 2016, according to the NPD, although exploration in the Barents will increase from 7 to 10 wells.
Refinery utilisation ran at 100% utilisation in 2015, with 359,000b/d of refined fuels produced. This will be lower in 2016 as oil prices improve.
56 production licences were offered to 36 different companies in Norway's APA 2015 round.
The Norway Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Norway including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Norway Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Norwegian oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Norway to test consensus views - a key input for successful budgeting and strategic business planning in the Norwegian oil and gas market.
Target business opportunities and risks in the Norwegian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Norway.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
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