Semi-Annual Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in North Sea - UK Leads Planned Projects Count - Product Image

Semi-Annual Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in North Sea - UK Leads Planned Projects Count

  • ID: 4518935
  • Report
  • Region: United Kingdom, Great Britain
  • 34 pages
  • GlobalData
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Semi-Annual Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in North Sea - UK Leads Planned Projects Count

Summary

In the North Sea, more than 40 key crude oil and natural gas projects are expected to start operations by 2025. The UK leads with the highest number of planned as well as announced projects, followed by Norway, the Netherlands and Denmark. Key projects in North Sea are expected to contribute up to 940 mbd to global crude production and more than 1,300 mmcfd to global gas production in 2025. Among operators, Statoil Petroleum AS, Statoil UK Ltd and Independent Oil and Gas Ltd lead in terms of operatorship of planned and announced projects.

Key Highlights included in this report:
  • A total of 46 crude and natural gas projects are expected to start operations in four countries in the North Sea during 2018-2025. Among these, 16 represent the number of planned projects with identified development plans and 30 represent the number of early-stage announced projects, which are undergoing conceptual studies and those which are expected to get approved for development.
  • In 2025, key projects in the North Sea are expected to contribute about 948.5 thousand barrels of oil per day (mbd) of global crude production and rough about 1.3 billion cubic feet per day of global gas production.
  • In terms of number of planned oil and gas projects, the UK leads among countries with 10 projects, with Norway and the Netherlands following with five and one projects, respectively. The UK also leads in terms of announced projects with 22, followed by Norway and Denmark with seven and one, respectively.
  • Among global operators, Statoil Petroleum AS and Statoil UK Ltd lead with the highest operatorship with two planned projects each, of which two are crude and two are natural gas projects.
  • In terms of announced projects, Independent Oil and Gas Ltd (IOG) has interest in four early-stage projects, followed by Statoil ASA, Statoil UK Ltd, Aker BP ASA, and Parkmead with two projects each.
  • Proposed capital expenditure (capex) of over US$21 billion is expected to be spent between 2018 and 2025 to bring the planned projects online in the North Sea, with about US$15 billion expected to be spent on key announced projects.
  • Among countries, Norway, the UK, and the Netherlands are expected to be the highest capex spenders on key planned projects with about US$12 billion, US$7.9 billion, and US$0.4 billion, respectively, during 2018-2025.
  • With early-stage projects, the UK leads with a capex of around US$8.9 billion, followed by Norway with a capex of more than US$6 billion.
  • Among companies, Statoil ASA, Lundin Petroleum AB, and A.P. Moller - Maersk AS have the highest level of spending on planned projects with them being around US$6.7 billion, US$2.2 billion, and US$2 billion, respectively.
  • The highest level of spending on early-stage announced projects are by Whalsay Energy Ltd, BP Plc, and Aker BP ASA, with around US$2.1 billion, US$1.5 billion, and US$1.4 billion spent on capex, respectively.
Scope
  • Oil and gas production outlook by key countries and companies in North Sea
  • Planned projects count and starts by key countries and companies in the region
  • Details of key planned crude and natural gas projects in North Sea
  • Capex and opex outlook by key countries and companies in the region.
Reasons to buy
  • Understand oil and gas production outlook for the North Sea
  • Keep abreast of key planned production projects in the region
  • Facilitate decision making on the basis of strong oil and gas production forecast
  • Develop business strategies with the help of specific insights on North Sea production and capex outlook
  • Assess your competitor’s planned oil and gas production projects.
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1 Table of Contents

2. Semi-Annual Production and Capital Expenditure Outlook for North Sea
2.1. Key Highlights
2.2. Major Planned and Announced Projects Count by Country in North Sea
2.3. Major Planned and Announced Project Starts by Country in North Sea
2.4. Economic Metrics of Key Planned and Announced Projects by Country in North Sea
2.5. Crude Production from Key Planned and Announced Projects by Country in North Sea
2.6. Gas Production from Key Planned and Announced Projects by Country in North Sea
2.7. Major Planned and Announced Projects by Terrain and Country in North Sea
2.8. Key Planned and Announced Crude Projects in North Sea
2.9. Key Planned and Announced Gas Projects in North Sea
2.10. Capex Outlook for Major Planned and Announced Projects by Country in North Sea
2.11. Opex Outlook for Major Planned and Announced Projects by Country in North Sea
2.12. Major Planned and Announced Projects Count by Operator in North Sea
2.13. Crude and Condensate Production from Major Planned and Announced Projects by Company in North Sea
2.14. Gas Production from Major Planned and Announced Projects by Company in North Sea
2.15. Capex and Opex Outlook for Major Planned and Announced Projects by Company in North Sea

3. Appendix
3.1. Abbreviations
3.2. Methodology
3.2.1. Coverage
3.2.2. Secondary Research
3.3. Contact
3.4. Disclaimer

List of Tables
Table 1: Major Planned and Announced Projects Count by Country, 2018-2025
Table 2: Total Crude Production from Major Planned and Announced Projects by Country, 2018-2025 (bd)
Table 3: Total Crude Production from Major Planned Projects by Country, 2018-2025 (bd)
Table 4: Total Crude Production from Major Announced Projects by Country, 2018-2025 (bd)
Table 5: Total Gas Production from Major Planned and Announced Projects by Country, 2018-2025 (mmcfd)
Table 6: Total Gas Production from Major Planned Projects by Country, 2018-2025 (mmcfd)
Table 7: Total Gas Production from Major Announced Projects by Country (mmcfd)
Table 8: Key Planned Crude Projects, 2018-2025
Table 9: Key Announced Crude Projects, 2018-2025
Table 10: Key Planned Gas Projects, 2018-2025
Table 11:Key Announced Gas Projects, 2018-2025
Table 12: Capex Outlook for Major Planned Projects by Country (US$ mil)
Table 13: Capex Outlook for Major Announced Projects by Country (US$ mil)
Table 14: Opex Outlook for Major Planned Projects by Key Country (US$ mil)
Table 15: Opex Outlook for Major Announced Projects by Country (US$ mil)

List of Figures
Figure 1: Major Planned and Announced Projects Count and Capex by Country, 2018-2025
Figure 2: Major Planned Project Starts by Country, 2018-2025
Figure 3: Major Announced Project Starts by Country, 2018-2025
Figure 4: Economic Metrics of Major Planned and Announced Crude Projects by Country, 2018-2025*
Figure 5: Economic Metrics of Major Planned and Announced Gas Projects by Country, 2018-2025*
Figure 6: Economic Metrics of Key Planned and Announced Crude Projects, 2018-2025*
Figure 7: Economic Metrics of Key Planned and Announced Gas Projects, 2018-2025*
Figure 8: Total Crude Production from Major Planned and Announced Projects by Country, 2018-2025 (bd)
Figure 9: Total Crude Production from Major Planned Projects by Country, 2018-2025 (bd)
Figure 10: Total Crude Production from Major Announced Projects by Country, 2018-2025 (bd)
Figure 11: Total Gas Production from Major Planned and Announced Projects by Country, 2018-2025 (mmcfd)
Figure 12: Total Gas Production from Major Planned Projects by Country, 2018-2025 (mmcfd)
Figure 13: Total Gas Production from Major Announced Projects by Country (mmcfd)
Figure 14: Production Outlook and Contribution from Major Planned and Announced Projects, 2018-2025
Figure 15: Major Planned and Announced Projects by Terrain and Country, 2018-2025
Figure 16: Capex Outlook for Major Planned and Announced Projects by Country, 2018-2025 (US$ bil)
Figure 17: Capex Outlook for Major Planned and Announced Projects by Country, 2018-2025 (US$ bil)
Figure 18: Opex Outlook for Major Planned and Announced Projects by Country, 2018-2025 (US$ bil)
Figure 19: Opex Outlook for Major Planned and Announced Projects by Country, 2018-2025 (US$ bil)
Figure 20: Major Planned and Announced Projects Count by Key Operators, 2018-2025
Figure 21: Crude Production from Major Planned and Announced Projects by Key Companies (bd)
Figure 22: Crude Production from Major Planned Projects by Key Companies (bd)
Figure 23: Crude Production from Major Announced Projects by Key Companies (bd)
Figure 24: Gas Production from Major Planned and Announced Projects by Key Companies (mmcfd)
Figure 25: Gas Production from Major Planned Projects by Key Companies (mmcfd)
Figure 26: Gas Production from Major Announced Projects by Key Companies (mmcfd)
Figure 27: Capex Outlook for Major Planned and Announced Projects by Key Companies, 2018-2025 (US$ bil)
Figure 28: Capex Outlook for Major Planned and Announced Projects by Key Companies, 2018-2025 (US$ bil)
Figure 29: Opex Outlook for Major Planned and Announced Projects by Key Companies, 2018-2025 (US$ bil)
Figure 30: Opex Outlook for Major Planned and Announced Global Offshore Projects by Key Companies, 2018-2025 (US$ bil)

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