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Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020 - Product Image

Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020

  • Published: November 2012
  • 70 pages
  • GlobalData

Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020

Summary

“Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020”, is the latest report from GlobalData, the industry analysis specialist. It analyzes the oil and gas exploration and production industry in the North Sea region and provides information on historic production, estimated production and key companies in the North Sea region of major littoral countries, namely the UK, Norway, Denmark, the Netherlands and Germany. The report also outlines the key drivers and challenges for the industry in the current environment. It is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Our team of industry experts.

Scope

This report provides detailed analysis of the oil and gas industry in the North Sea region, as well as the key companies, trends and issues in the industry until 2020. It primarily focuses on -
- Drivers of and challenges to oil and gas exploration and production in the North Sea READ MORE >

1
1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guide
3 Oil and Gas Exploration and Production in the North Sea Region
3.1 Overview of Oil and Gas Developments in the North Sea Region
3.1.1 Oil and Gas Production from the North Sea Region Contributes Significantly to the Total Global Production
3.2 Norway and the UK are the Key Countries for Exploration and Discoveries in the North Sea Region
3.2.1 UK Leads in Exploration Activities in the North Sea Region
3.2.2 Norway has witnessed the Largest Number of Oil and Gas Discoveries in the North Sea Region since 2008
3.3 Oil and Gas Production in the North Sea Region has been Declining at an Average Annual Growth Rate of 7.7% during 2006 - 2011
3.4 Oil and Gas Production from North Sea is Estimated to Decline by an Average Annual Growth Rate of 2%
3.5 Comparison of Key Fiscal and Regulatory Terms of Countries
3.6 Developing Oil and Gas Resources in the North Sea Region - Key Issues and Drivers
3.6.1 The North Sea Region Holds Potential for New Blocks Developments
3.6.2 Enhanced Oil Recovery Techniques are Assisting in Sustained Exploration & Production Activities in the North Sea Region
3.6.3 FPSOs are Playing a Key Role in Production from the North Sea Region
3.6.4 Maturing Fields are Leading to Declining Production from the North Sea Region
3.7 HSE Policies for Offshore Drilling in North Sea Region
3.7.1 HSE Policies for Offshore Oil and Gas Industry, the UK
3.7.2 HSE Policies for Offshore Oil and Gas Industry, Norway
4 Oil and Gas Exploration and Production Environment in the United Kingdom
4.1 Exploration and Production Environment in the United Kingdom
4.1.1 Oil and Gas Infrastructure in the North Sea Region of the United Kingdom
4.2 Oil and Gas Exploration and Discoveries in the North Sea Region of the United Kingdom
4.2.1 Number of Wells Drilled, 2007 - 2011
4.2.2 UK has Witnessed Nine Oil and Gas Discoveries in the North Sea since 2011
4.3 Licensing Rounds
4.3.1 27th Licensing Round Broke All Previous Records in terms of Applications Received
4.3.2 The UK Energy Minister Awards 46 New Licenses for the Exploration of Hydrocarbons in the North Sea in 2011
4.4 Oil and Gas Production in the UK North Sea has Declined at an AAGR of 9.7% over 2006 - 2011
4.4.1 Production from the UK North Sea is Estimated to Decline by an AGGR of 2.9% during 2012 - 2020
4.5 UK North Sea Region has 113 Planned Oil and Gas Fields
5 Oil and Gas Exploration and Production in the North Sea Region - Norway
5.1 Exploration and Production Environment in Norway
5.1.1 Norway North Sea Region has 56 Active Fields
5.2 Oil and Gas Exploration and Discoveries in the North Sea Region of Norway
5.2.1 Number of Wells Drilled, 2007 - 2011
5.2.2 Norway has Witnessed 61 Discoveries in North Sea Area since 2008
5.3 Licensing Rounds
5.3.1 Norway’s 22nd Licensing Round Names 86 New Exploration Blocks
5.4 Oil and Gas Production in Norway’s North Sea Declined during 2006 - 2011
5.4.1 Norway North Sea Production is Estimated to Decline over the Period 2012 - 2020
5.5 Norway North Sea Region has 28 Planned Oil and Gas Fields
6 Oil and Gas Exploration and Production in the North Sea Region - Denmark
6.1 Exploration and Production Regulatory Environment and Fiscal Regime in Denmark
6.1.1 Denmark North Sea has 17 Active Fields
6.2 North Sea Region of Denmark has 48 Exploration blocks
6.2.1 North Sea area of Denmark has Witnessed Seven Oil and Gas Discoveries since 2008
6.3 Oil and Gas Production in Denmark North Sea has Declined at an AAGR of 9.3% during 2006 - 2011
6.3.1 Production from Denmark North Sea to Decline at an AAGR 4.5% during 2012 - 2020
6.4 Major Planned Oil and Gas Assets in the North Sea Region of Denmark
7 Oil and Gas Exploration and Production in the North Sea Region - Netherlands
7.1 Exploration and Production Environment in Netherlands
7.1.1 North Sea Region of the Netherlands has 58 Active Fields
7.2 Netherlands North Sea has 24 Exploration Blocks
7.2.1 Netherlands has Witnessed Three Discoveries in its North Sea Region since 2008
7.3 Oil and Gas Production in the Netherlands North Sea has Declined at AAGR 5.1% during 2006-2011
7.3.1 Production from the Netherlands North Sea is Estimated to Decline by an AAGR of 2.6% over 2012 - 2020
7.4 Netherlands North Sea has 15 Planned Oil and Gas Fields
8 Oil and Gas Exploration and Production in the North Sea Region - Germany
8.1 Exploration and Production Environment in Germany
8.1.1 Oil and Gas Infrastructure in the North Sea Region of Germany
8.2 North Sea Area of Germany has Eight Exploration Blocks
8.3 Oil and Gas Production in the German North Sea has Declined at an AAGR 12.1% during 2006 - 2011
8.3.1 Production from German North Sea is Estimated to Decrease at an AAGR 4.3% over 2012 - 2020
9 Major Oil and Gas Companies in the North Sea Region - A Competitive Landscape
9.1.1 Petoro A/S Contributes about 12.9% Oil and Gas Production from the North Sea Region
9.1.2 Statoil ASA and Royal Dutch Shell Operate the Largest Number of Exploration Blocks in the North Sea Region
9.1.3 Statoil ASA Leads in the Number of Discoveries Made by any Operator in the North Sea since 2008
10 Appendix
10.1 Abbreviations
10.2 Market Definitions
10.3 Sources
10.3.1 Methodology
10.3.2 Coverage
10.3.3 Secondary Research
10.3.4 Primary Research
10.3.5 Expert Panel Validation
10.4 Contact Us
10.5 Disclaimer

1.1 List of Tables
Table 1: Exploration and Production Industry, North Sea, Comparison of Key Fiscal Terms of Countries, 2012
Table 2: Oil and Gas Exploration and Production, North Sea Region, Offshore New Exploration Assets 2012
Table 3: The UK, Key Fiscal Parameters, 2012
Table 4: Oil and Gas Production, The UK, Major Oil and Natural Gas Producing Fields in the UK North Sea, 2011
Table 5: Oil and Gas Exploration, The UK, Major Exploration Blocks in the North Sea Region, 2012
Table 6: Oil and Gas Exploration and Production, UK North Sea, Number of Wells Drilled, 2007 - 2011
Table 7: Oil and Gas Exploration and Production Industry, The UK North Sea, Major Oil and Gas Discoveries, 2011 - 2012 (Up to August)
Table 8: Oil and Gas Exploration and Production, The UK North Sea, Major Planned Production Fields, 2012
Table 9: Oil and Gas Exploration and Production, Norway, Key Fiscal Parameters, 2012
Table 10: Oil and Gas Exploration and Production, Norway, Major Oil and Gas Production Fields in North Sea Area, 2011
Table 11: Oil and Gas Exploration and Production, Norway North Sea, Major Exploration Blocks, 2012
Table 12: Oil and Gas Exploration and Production, Norway North Sea, Number of Wells Drilled, 2007 - 2011
Table 13: Oil and Gas Exploration, Norway North Sea, Major Discoveries, 2011 - 2012 (August)
Table 14: Oil and Gas Exploration and Production, Norway North Sea, Planned Fields, 2012
Table 15: Denmark, Key Fiscal Parameters, 2012
Table 16: Oil and Gas Production, Denmark North Sea, Major Oil and Natural Gas Producing Fields, 2011
Table 17: Oil and Gas Exploration, Denmark North Sea, Major Exploration Blocks, 2012
Table 18: Number of Wells Drilled In Denmark, 2007 - 2011
Table 19: Oil and Gas Exploration, Denmark North Sea, Major Discoveries, 2011 - 2012 (August)
Table 20: Oil and Gas Exploration, Denmark North Sea, Major Planned Production Fields, 2012
Table 21: Netherlands, Key Fiscal Parameters, 2012
Table 22: Oil and Gas Exploration and Production, Netherlands North Sea, Major Production Fields, 2012
Table 23: Oil and Gas Exploration, Netherlands North Sea, Major Exploration Blocks, 2012
Table 24: Oil and Gas Exploration, Netherlands North Sea, Major Discoveries, 2007 - 2012 (August)
Table 25: Oil and Gas Exploration, Netherlands North Sea, Major Planned Production Fields, 2012
Table 26: Oil and Gas Exploration and Production, German North Sea, Major Production Fields, 2012
Table 27: Oil and Gas Exploration, Germany North Sea, Major Exploration Blocks, 2012

1.2 List of Figures
Figure 1: Exploration and Production Industry, North Sea, Share of North Sea Region in Global Production of Oil and Gas, %, 2011
Figure 2: Exploration and Production Industry, North Sea, Share of Countries in Exploration Blocks, %, 2012 (September)
Figure 3: Exploration and Production Industry, North Sea, Share of Countries in Oil and Gas Discoveries, %, 2008 - 2012 (September)
Figure 4: Exploration and Production Industry, North Sea, Oil and Gas Discoveries by Basins, 2008 - 2012 (September)
Figure 5: Exploration and Production Industry, North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 6: Exploration and Production Industry, North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020
Figure 7: Exploration and Production Industry, Share of Europe’s FPSO-based Oil and Gas Production Capacity in Global FPSO Capacity, 2012
Figure 8: Exploration and Production Industry, North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 9: Oil and Gas Exploration, The UK North Sea, Location of the 47/2b (Split), 47/3g (Split), 47/7 (Split) & 47/8d (Part) Block, 2012
Figure 10: Oil and Gas Exploration, UK North Sea, Location of the 22/19c All Block, 2012
Figure 11: Oil and Gas Exploration, The UK North Sea, Location of 29/1c, 2012
Figure 12: Exploration and Production Industry, The UK North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 13: Exploration and Production Industry, The UK North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020
Figure 14: Oil and Gas Exploration, The UK North Sea, Location of the Alder Field, 2012
Figure 15: Oil and Gas Exploration and Production, Norway North Sea, Location of the Troll Field, 2012
Figure 16: Oil and Gas Exploration and Production, Norway North Sea, Location of the Ekofisk Field, 2012
Figure 17: Oil and Gas Exploration, Norway North Sea, Location of 7/2, 7/4, 7/5, 7/8(PL 495), 2012
Figure 18: Oil and Gas Exploration, Statoil ASA Discovery in the North Sea Region, Aldous Major South Field
Figure 19: Exploration and Production Industry, Norway North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 20: Exploration and Production Industry, Norway North Sea, Oil and Gas Production, MMboe, 2012, 2016 and 2020
Figure 21: Oil and Gas Exploration and Production, Norway North Sea, Location of Gurdun Field, 2012
Figure 22: Exploration and Production Industry, Denmark North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 23: Exploration and Production Industry, Denmark North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020
Figure 24: Exploration & Production Industry, Netherlands North Sea, Oil and Gas Production, MMboe, 2006 - 2011
Figure 25: Exploration and Production Industry, Netherlands North Sea, Estimated Production of Oil and Gas, MMboe, 2012, 2016 and 2020
Figure 26: Oil and Gas Exploration, Germany North Sea, Location of the 20008/71 Block, 2012
Figure 27: Exploration and Production Industry, Germany North Sea, Oil and Gas Production, MMboe, 2006 – 2011
Figure 28: Exploration and Production Industry, German North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020
Figure 29: Exploration and Production Industry, North Sea, Equity-weighted Oil and Gas Production by Major Companies, MMboe, 2011
Figure 30: Exploration and Production Industry, North Sea, Exploration Blocks Operated by Major Companies, 2012 (September)
Figure 31: Exploration and Production Industry, North Sea, Number of Discoveries by Operators, 2008 - 2012 (September)

Enhanced Oil Recovery Technology Aims to Address North Sea Production Drop

With North Sea production dropping each year, the UK is employing Enhanced Oil Recovery (EOR) techniques in an effort to maximize the amount of oil that can be recovered from the area’s matured reservoirs, says a new report from business intelligence providers The authors.

The study* states that North Sea oil and gas production has declined at an Annual Average Growth Rate (AAGR) of 7.7% between 2006 and 2011, from 2,599 million barrels of oil equivalent (MMboe) to 1,772 MMboe.

Production levels are expected to decrease further still in the future, with major fields such as Ekofisk, Kvitebjørn and Elgin expected to witness declining output.

The UK, the leading North Sea producer in terms of the number of exploration blocks, will fight depleting hydrocarbon returns by introducing the Centre for North Sea Enhanced Oil Recovery, a facility announced in May 2012, wholly dedicated to EOR from the North Sea.

EOR procedures include infusing CO2 gas into oil fields deep below the sea-bed to force out extra amounts of oil and it has been projected that the center will use this technology to store up to 75 million metric tons of carbon dioxide (CO2) from each Carbon Capture and Storage (CCS) power plant project, and increase the quantity of oil extracted from reservoirs underneath the waters.

With this new facility in place, the UK could lead the EU with the biggest Carbon Storage Capacity (CSC) in the region and hold a competitive advantage in both manpower and infrastructure.

The authors forecasts North Sea oil and gas production to drop from 1,702 MMboe in 2012 to 1,447 MMboe in 2020, representing a negative AAGR of 2%.

* Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020

This report provides detailed information on the license awards, exploration blocks, production fields, major discoveries, planned fields, historic and forecast production until 2020 in the North Sea.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by The authors’s team of industry experts.

Note: Product cover images may vary from those shown

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