+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

2019 Northwest Europe Upstream Development Outlook - Surge in New-Build Oil and Gas Project Starts for 2020

  • ID: 4895195
  • Report
  • December 2019
  • Region: Europe
  • 67 pages
  • GlobalData
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 2
2019 Northwest Europe Upstream Development Outlook - Surge in New-Build Oil and Gas Project Starts for 2020

Summary

The latest report, ‘2019 Northwest Europe Upstream Development Outlook - Surge in New-Build Oil and Gas Project Starts for 2020’, reveals that in Northwest Europe, a total of 94 crude and natural gas projects are expected to start operations in four countries, during the period 2019-2025. The UK leads among countries with 51 upcoming projects, followed by Norway with 40 projects by 2025. The key oil and gas projects in Northwest Europe are expected to contribute about 902 mbd to global crude production and about 2,913 mmcfd to global gas production in 2025. However, natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines.

Gas production fell year on year over the last two years, a trend that is set to continue over the forecast period. The lack of major upcoming gas projects, alongside a production phase out at the giant Groningen gas field, has set a clear downward trend for gas production in Northwest Europe. Despite rising gas production for Norway and the UK over the near term, declines in the Netherlands, Denmark and Ireland outpace volumes introduced from upcoming projects.

In 2019, oil production in Northwest Europe rose from 2018 levels but gas volumes declined comparatively. Looking forward, Northwest Europe’s oil production is set to rise potentially out to 2023 as major fields ramp up and Johan Castberg production commences. For gas, the outlook is less optimistic as the number of large gas projects coming on-stream is limited and post 2021 could see dramatic declines in gas production without the addition of future projects.

An increase in project starts can be expected for 2020 to the highest level since 2017, driven mainly by shallow water subsea developments. Of those project starts, the UK is set for a deepwater return, as no deepwater projects came online in 2018 or 2019, and a resurgence to levels last seen in 2017 is predicted. Across the region, a higher number of oil focused developments are due to startup in 2020. Oil-focused developments are set to see a higher proportion of invested capital over the period.

This likely reflects the development of upcoming major oil projects and a currently more stabilized oil price environment; whereas gas-focused developments are lacking due, in part, to weak domestic gas prices, as well as gas infrastructure constraints in certain basins.

Scope
  • Oil and gas production and capex outlook by key countries in Northwest Europe
  • Planned projects starts by key countries and project count by basin, field terrain, and facility type in the region
  • Latest project updates and details of key planned crude and natural gas projects in Northwest Europe
  • Expenditure outlook by key countries, basins, field terrain, facility type and companies in the region
Reasons to buy
  • Understand oil and gas production outlook for the Northwest Europe
  • 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 Northwest Europe production and capex outlook
  • Assess your competitor’s planned oil and gas production projects
Note: Product cover images may vary from those shown
2 of 2
1. Overview

2. Key Highlights

3. Regional Development Trends
3.1. Production Outlook
3.2. Capex Outlook
3.3. Development Outlook
3.3.1. Project Starts by Country in Northwest Europe
3.4. Major Project Count by Basin
3.5. Major Project Count by Terrain
3.6. Major Projects by Facility Type
3.7. Latest Project Updates

4. Oil Development Focus
4.1. Crude & Condensate Production Outlook by Country
4.2. Crude & Condensate Production Outlook by Basin
4.3. Crude & Condensate Production Outlook by Company
4.4. Upcoming Oil Projects
4.5. Key Economic Metrics of Major Oil Projects
4.5.1. Average Project Economics by Country

5. Gas Development Focus
5.1. Natural Gas Production Outlook by Country
5.2. Natural Gas Production Outlook by Basin
5.3. Natural Gas Production Outlook by Company
5.4. Upcoming Gas Projects
5.5. Key Economic Metrics of Major Gas Projects
5.5.1. Average Project Economics by Country

6. Expenditure Outlook
6.1. New Project Expenditure Outlook by Country
6.2. New Project Expenditure Outlook by Basin
6.3. New Project Expenditure Outlook by Company
6.4. New Project Expenditure Outlook by Field Terrain
6.5. New Project Expenditure Outlook by Facility Type

7. Appendix
7.1. Abbreviations
7.2. Methodology
7.2.1. Coverage
7.2.2. Secondary Research
7.3. Contact Us
7.4. Disclaimer

List of Tables
Table 1: Production Outlook from Major Producing, Planned and Announced Projects (mboed), 2017-2025
Table 2: Capex Outlook from Major Producing, Planned and Announced Projects (US$ mil), 2017-2025
Table 3: Recoverable Reserves from Planned and Announced Projects by Country, Field Terrain and Project Count, 2019-2025
Table 4: Major Planned and Announced Project Starts by Key Countries in Northwest Europe, 2019-2025
Table 5: Major Planned and Announced Projects by Key Basins* in Northwest Europe, 2019-2025
Table 6: Major Planned and Announced Projects by Terrain in Northwest Europe, 2019-2025
Table 7: Major Planned and Announced Projects by Facility Type in Northwest Europe, 2019-2025
Table 8: Latest Project Updates, 2019-2025
Table 9: Crude and Condensate Production Outlook by Country (mbd), 2017-2025
Table 10: Crude and Condensate Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mbd), 2019-2025
Table 11: Crude and Condensate Production Outlook by Key Basins* (mbd), 2017-2025
Table 12: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mbd), 2019-2025
Table 13: Crude and Condensate Production Outlook by Key Companies (mbd), 2017-2025
Table 14: Crude and Condensate Production Outlook from Planned and Announced Projects by Company in Northwest Europe (mbd), 2019-2025
Table 15: Key Upcoming Crude Projects in Northwest Europe, 2019-2025
Table 16: Economic Metrics of Major Planned and Announced Oil Projects in Northwest Europe, 2019-2025
Table 17: Economic Metrics of Major Planned and Announced Oil Projects by Key Countries in Northwest Europe, 2019-2025
Table 18: Natural Gas Production Outlook by Country (mmcfd), 2017-2025
Table 19: Natural Gas Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mmcfd), 2019-2025
Table 20: Natural Gas Production Outlook by Key Basins*(mmcfd), 2017-2025
Table 21: Natural Gas Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mmcfd), 2019-2025
Table 22: Natural Gas Production Outlook by Key Companies (mmcfd), 2017-2025
Table 23: Natural Gas Production Outlook from Planned and Announced Projects by Company in Northwest Europe (mmcfd), 2019-2025
Table 24: Key Upcoming Natural Gas Projects in Northwest Europe, 2019-2025
Table 25: Economic Metrics of Major Planned and Announced Gas Projects in Northwest Europe, 2019-2025
Table 26: Economic Metrics of Major Planned and Announced Gas Projects by Key Countries in Northwest Europe, 2019-2025
Table 27: Capex Outlook for Major Planned and Announced Projects by Key Countries in Northwest Europe (US$ mil), 2019-2025
Table 28: New Project Expenditure Metrics by Country, 2019-2025
Table 29: Capex Outlook for Major Planned and Announced Projects by Key Basins* in Northwest Europe (US$ mil), 2019-2025
Table 30: New Project Expenditure Metrics by Key Basins*, 2019-2025
Table 31: Capex Outlook for Major Planned and Announced Projects by Key Companies* in Northwest Europe (US$ mil), 2019-2025
Table 32: New Project Expenditure Metrics by Key Companies*, 2019-2025
Table 33: Capex Outlook for Major Planned and Announced Projects by Field Terrain in Northwest Europe (US$ mil), 2019-2025
Table 34: New Project Expenditure Metrics by Field Terrain, 2019-2025
Table 35: Capex Outlook for Major Planned and Announced Projects by Facility Type in Northwest Europe (US$ mil), 2019-2025
Table 36: New Project Expenditure Metrics by Facility Type, 2019-2025

List of Figures
Figure 1: Production Outlook from Major Producing, Planned and Announced Projects (mboed), 2017-2025
Figure 2: Capex Outlook from Major Producing, Planned and Announced Projects (US$ mil), 2017-2025
Figure 3: Recoverable Reserves from Planned and Announced Projects by Country, Field Terrain and Project Count, 2019-2025
Figure 4: Major Planned and Announced Project Starts by Key Countries in Northwest Europe, 2019-2025
Figure 5: Major Planned and Announced Projects by Key Basins* in Northwest Europe, 2019-2025
Figure 6: Major Planned and Announced Projects by Terrain in Northwest Europe, 2019-2025
Figure 7: Major Planned and Announced Projects by Facility Type in Northwest Europe, 2019-2025
Figure 8: Crude and Condensate Production Outlook by Country (mbd), 2017-2025
Figure 9: Crude and Condensate Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mbd), 2019-2025
Figure 10: Crude and Condensate Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mbd), 2019-2025
Figure 11: Crude and Condensate Production Outlook by Key Basins* (mbd), 2017-2025
Figure 12: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mbd), 2019-2025
Figure 13: Crude and Condensate Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mbd), 2019-2025
Figure 14: Crude and Condensate Production Outlook by Key Companies (mbd), 2017-2025
Figure 15: Crude and Condensate Production Outlook from Planned and Announced Projects by Company in Northwest Europe (mbd), 2019-2025
Figure 16: Crude and Condensate Production Outlook from Planned and Announced Projects by Company in Northwest Europe (mbd), 2019-2025
Figure 17: Economic Metrics of Major Planned and Announced Oil Projects in Northwest Europe, 2019-2025
Figure 18: Economic Metrics of Major Planned and Announced Oil Projects by Key Countries in Northwest Europe, 2019-2025*
Figure 19: Natural Gas Production Outlook by Country (mmcfd), 2017-2025
Figure 20: Natural Gas Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mmcfd), 2019-2025
Figure 21: Natural Gas Production Outlook from Planned and Announced Projects by Country in Northwest Europe (mmcfd), 2019-2025
Figure 22: Natural Gas Production Outlook by Key Basins*(mmcfd), 2017-2025
Figure 23: Natural Gas Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mmcfd), 2019-2025
Figure 24: Natural Gas Production Outlook from Planned and Announced Projects by Key Basins* in Northwest Europe (mmcfd), 2019-2025
Figure 25: Natural Gas Production Outlook by Key Companies (mmcfd), 2017-2025
Figure 26: Natural Gas Production Outlook from Planned and Announced Projects by Company in Northwest Europe (mmcfd), 2019-2025
Figure 27: Natural Gas Production Outlook from Planned and Announced Projects by Company in Northwest Europe(mmcfd), 2019-2025
Figure 28: Economic Metrics of Major Planned and Announced Gas Projects in Northwest Europe, 2019-2025
Figure 29: Economic Metrics of Major Planned and Announced Gas Projects by Key Countries in Northwest Europe, 2019-2025*
Figure 30: Capex Outlook for Major Planned and Announced Projects by Key Countries in Northwest Europe (US$ mil), 2019-2025
Figure 31: New Project Expenditure Metrics by Country, 2019-2025
Figure 32: Capex Outlook for Major Planned and Announced Projects by Key Basins* in Northwest Europe (US$ mil), 2019-2025
Figure 33: New Project Expenditure Metrics by Key Basins*, 2019-2025
Figure 34: Capex Outlook for Major Planned and Announced Projects by Key Companies* in Northwest Europe (US$ mil), 2019-2025
Figure 35: New Project Expenditure Metrics by Key Companies*, 2019-2025
Figure 36: Capex Outlook for Major Planned and Announced Projects by Field Terrain in Northwest Europe (US$ mil), 2019-2025
Figure 37: New Project Expenditure Metrics by Field Terrain, 2019-2025
Figure 38: Capex Outlook for Major Planned and Announced Projects by Facility Type in Northwest Europe (US$ mil), 2019-2025
Figure 39: New Project Expenditure Metrics by Facility Type, 2019-2025
Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll