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H1 2019 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in the North Sea - UK Leads Natural Gas Production Outlook

  • ID: 4760218
  • Report
  • Region: United Kingdom, Great Britain
  • 49 pages
  • GlobalData
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H1 2019 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in the North Sea - UK Leads Natural Gas Production Outlook

Summary

A total of 69 planned and announced crude oil and natural gas projects are expected to start operations in the North Sea, during the period 2019-2025. In 2025, key projects in the North Sea are expected to contribute about 1,095 thousand barrels of oil per day (mbd) of global crude and condensate production, and about 2,188 million cubic feet per day (mmcfd) of global gas production from planned and announced projects. Among countries, the UK leads with the highest number of 37 planned and announced projects, followed by Norway, the Netherlands and Denmark.

However, Norway is expected to spend the highest new-build capital expenditure (capex) of US$21.2bn on the development of the planned and announced projects, among the countries in the North Sea, during the period 2019-2025. The high new-build capex of Norway on flagship projects such as Johan Sverdrup will help the country to lead crude production in the North Sea, contributing more than 70% of the total crude and condensate production from major planned and announced projects in 2025.

The UK, the Netherlands and Denmark follow Norway with US$18bn, US$0.8bn and US$0.6bn, respectively, on the development of the planned and announced projects. In terms of operating expenditure (opex), the UK leads with US$9.9bn, closely followed by Norway with US$9.7bn and Denmark with US$1.3bn. Among companies, Equinor ASA, Aker BP ASA and Total SA are expected to have the highest capex of US$7.9bn, US$3.3bn and US$2.5bn, respectively between 2019 and 2025.

The report "H1 2019 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in the North Sea - UK Leads Natural Gas Production Outlook", reveals that in the North Sea, around US$18.8bn is expected to be spent on the development of the 24 planned projects with identified development plans and US$21.8bn on 45 early-stage announced projects that are undergoing conceptual studies and are expected to get approved for development.

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 outlook
  • 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.
Note: Product cover images may vary from those shown
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1 Table of Contents
1.1. List of Tables
1.2. List of Figures

2. Production and Capital Expenditure Outlook in the North Sea
2.1. Key Highlights
2.2. Major Planned and Announced Projects Count by Country in the North Sea
2.3. Major Planned and Announced Project Starts by Country in the North Sea
2.3.1. Planned Project Starts
2.3.2. Announced Project Starts
2.4. Major Planned and Announced Projects by Terrain in the North Sea
2.5. Key Economic Metrics of Key Planned and Announced Projects by Country in the North Sea
2.5.1. Remaining NPV vis-à-vis Remaining Break-Even Crude Oil Price by Country
2.5.2. Remaining NPV vis-à-vis Remaining Break-Even Natural Gas Price by Country
2.5.3. Remaining Break-even Oil Price vis-à-vis Production Start Year by Country
2.5.4. Remaining Break-even Gas Price vis-à-vis Production Start Year by Country
2.6. Crude Production from Key Planned and Announced Projects by Country in the North Sea
2.6.1. Total Crude Production from Major Planned and Announced Projects by Key Countries in the North Sea
2.6.2. Crude Production from Major Planned Projects by Key Countries in the North Sea
2.6.3. Crude Production from Major Announced Projects by Key Countries in the North Sea
2.7. Key Planned and Announced Crude Projects in the North Sea
2.7.1. Planned Crude Projects in North Sea
2.7.2. Announced Crude Projects in North Sea
2.8. Gas Production from Key Planned and Announced Projects by Country in the North Sea
2.8.1. Total Gas Production from Major Planned and Announced Projects by Key Countries in the North Sea
2.8.2. Gas Production from Major Planned Projects by Key Countries in the North Sea
2.8.3. Gas Production from Major Announced Projects by Key Countries in the North Sea
2.9. Key Planned and Announced Gas Projects in the North Sea
2.9.1. Planned Gas Projects in North Sea
2.9.2. Announced Gas Projects in North Sea
2.10. Production Outlook and Contribution from Major Planned and Announced Projects
2.11. Capex Outlook for Major Planned and Announced Projects by Country in the North Sea
2.12. Opex Outlook for Major Planned and Announced Projects by Country in the North Sea
2.13. Major Planned and Announced Projects Count by Operator in the North Sea
2.14. Crude Production from Major Planned and Announced Projects by Company in the North Sea
2.14.1. Total Crude Production from Major Planned and Announced Projects by Key Companies
2.14.2. Crude Production from Major Planned Projects by Key Companies
2.14.3. Crude Production from Major Announced Projects by Key Companies
2.15. Gas Production from Major Planned and Announced Projects by Company in the North Sea
2.15.1. Total Gas Production from Major Planned and Announced Projects by Key Companies
2.15.2. Gas Production from Major Planned Projects by Key Companies
2.15.3. Gas Production from Major Announced Projects by Key Companies
2.16. Capex Outlook for Major Planned and Announced Projects by Company in the North Sea
2.17. Opex Outlook for Major Planned and Announced Projects by Company in the North Sea

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

List of Tables
Table 1: Major Planned and Announced Projects Count by Key Countries in the North Sea, 2019-2025
Table 2: Major Planned Project Starts by Key Countries in the North Sea, 2019-2025
Table 3: Major Announced Project Starts by Key Countries in the North Sea, 2019-2025
Table 4: Major Planned and Announced Projects by Terrain and Country in the North Sea, 2019-2025
Table 5: Economic Metrics of Major Planned and Announced Crude Projects by Key Countries in the North Sea, 2019-2025
Table 6: Economic Metrics of Major Planned and Announced Crude Projects by Key Countries in the North Sea, 2019-2025
Table 7: Economic Metrics of Key Planned and Announced Crude Projects, 2019-2025
Table 8: Economic Metrics of Key Planned and Announced Gas Projects, 2019-2025
Table 9: Total Crude and Condensate Production from Major Planned and Announced Projects by Key Countries in the North Sea (bd), 2019-2025
Table 10: Crude and Condensate Production from Major Planned Projects by Key Countries in the North Sea (bd), 2019-2025
Table 11: Crude and Condensate Production from Major Announced Projects by Key Countries in the North Sea (bd), 2019-2025
Table 12: Key Planned Crude Projects, 2019-2025
Table 13: Key Announced Crude Projects, 2019-2025
Table 14: Total Gas Production from Major Planned and Announced Projects by Key Countries in the North Sea (mmcfd), 2019-2025
Table 15: Gas Production from Major Planned Projects by Key Countries in the North Sea (mmcfd), 2019-2025
Table 16: Total Gas Production from Major Announced by Key Countries in the North Sea (mmcfd), 2019-2025
Table 17: Key Planned Gas Projects, 2019-2025
Table 18: Key Announced Gas Projects, 2019-2025
Table 19: Production Outlook and Contribution from Major Planned and Announced Projects (mboed), 2019-2025
Table 20: Capex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Table 21: Opex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Table 22: Major Planned and Announced Projects Count by Key Operators, 2019-2025
Table 23: Crude Production from Major Planned and Announced Projects by Key Companies (bd), 2019-2025
Table 24: Crude Production from Major Planned by Key Companies (bd), 2019-2025
Table 25: Crude Production from Major Announced Projects by Key Companies (bd), 2019-2025
Table 26: Gas Production from Major Planned and Announced Projects by Key Companies (mmcfd), 2019-2025
Table 27: Gas Production from Major Planned Projects by Key Companies (mmcfd), 2019-2025
Table 28: Gas Production from Major Announced Projects by Key Companies (mmcfd), 2019-2025
Table 29: Capex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025
Table 30: Opex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025

List of Figures
Figure 1: Major Planned and Announced Projects Count and Capex by Key Countries in the North Sea, 2019-2025
Figure 2: Major Planned Project Starts by Key Countries in the North Sea, 2019-2025
Figure 3: Major Announced Project Starts by Key Countries in the North Sea, 2019-2025
Figure 4: Major Planned and Announced Projects by Terrain in the North Sea, 2019-2025
Figure 5: Economic Metrics of Major Planned and Announced Crude Projects by Key Countries in the North Sea, 2019-2025
Figure 6: Economic Metrics of Major Planned and Announced Gas Projects by Key Countries in the North Sea, 2019-2025
Figure 7: Economic Metrics of Key Planned and Announced Crude Projects, 2019-2025*
Figure 8: Economic Metrics of Key Planned and Announced Gas Projects, 2019-2025*
Figure 9: Total Crude and Condensate Production from Major Planned and Announced Projects by Key Countries in the North Sea (bd), 2019-2025
Figure 10: Crude and Condensate Production from Major Planned Projects by Key Countries in the North Sea (bd), 2019-2025
Figure 11: Crude and Condensate Production from Major Announced Projects by Key Countries in the North Sea (bd), 2019-2025
Figure 12: Total Gas Production from Major Planned and Announced Projects by Key Countries in the North Sea (mmcfd), 2019-2025
Figure 13: Gas Production from Major Planned Projects by Key Countries in the North Sea (mmcfd), 2019-2025
Figure 14: Gas Production from Major Announced Projects by Key Countries in the North Sea (mmcfd), 2019-2025
Figure 15: Production Outlook and Contribution from Major Planned and Announced Projects (boed),2019-2025
Figure 16: Capex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Figure 17: Capex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Figure 18: Opex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Figure 19: Opex Outlook for Major Planned and Announced Projects by Key Countries in the North Sea (US$ mil), 2019-2025
Figure 20: Major Planned and Announced Projects Count by Key Operators, 2019-2025
Figure 21: Total Crude Production from Major Planned and Announced Projects by Key Companies (bd), 2019-2025
Figure 22: Crude Production from Major Planned Projects by Key Companies (bd), 2019-2025
Figure 23: Crude Production from Major Announced Projects by Key Companies (bd), 2019-2025
Figure 24: Total Gas Production from Major Planned and Announced Projects by Key Companies (mmcfd), 2019-2025
Figure 25: Gas Production from Major Planned Projects by Key Companies (mmcfd), 2019-2025
Figure 26: Gas Production from Major Announced Projects by Key Companies (mmcfd), 2019-2025
Figure 27: Capex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025
Figure 28: Capex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025
Figure 29: Opex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025
Figure 30: Opex Outlook for Major Planned and Announced Projects by Key Companies (US$ mil), 2019-2025
Note: Product cover images may vary from those shown
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