Denmark Oil and Gas Report Q2 2016

Date: March 2, 2016
Pages: 99
Price:
US$ 1,295.00
Publisher: BMI RESEARCH
Report type: Strategic Report
Delivery: Download
ID: D64C26D9F0BEN
Leaflet:

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Includes 3 FREE quarterly updates

BMI View: We expect a partial but temporary recovery in oil and gas volumes over the medium term, as small developments come online. Past 2019 however, production will resume to the downside. While the country should remain a net oil and gas exporter throughout most of our forecast period, exports will become increasingly thin. We note increasing downside risks to our production forecast as the start-up date for the Hejre field is increasingly uncertain.

Latest Updates And Key Forecasts
  • Oil and gas reserves are depleting for this small mature North Sea producer and we do not expect the country to significantly reverse this trend. Ongoing exploration and the recent licensing round could yield upside risk to our forecast by the end of our forecast period. However, the strong decline in oil prices and our expectation of a lower price environment over the coming years temper this upside risk.
  • Total abandoned shale exploration in Denmark in August 2015 due to disappointing exploration results. We expect the low oil and gas price environment will dissuade further shale gas exploration over the coming years.
  • New World Oil and Gas relinquished its licenses in both the onshore Danica Jutland Project and offshore Danica Resources Project following the expiry of its licenses in September 2015. This is reportedly due to the company not finding a farm-in partner despite the analysis highlighting the licenses' prospectivity, significantly re-risking the licenses and finding one drillable prospect
  • Oil and gas production will increase slightly over the coming years as several small developments will help production recover. Overall, Denmark's hydrocarbon production trend clearly remains one of decline, with strong depletion rates at maturing fields. We note increasing downside risks to both oil and gas production due to delays on the Hejre field.
  • With a continuous fall in energy intensity, increased fuel efficiency and a progressive increase in renewable energy consumption, we expect domestic oil and gas consumption will decrease throughout our forecast period.
BMI Industry View
  Table: Headline Forecasts (Denmark 2014-2020)
Latest Updates And Key Forecasts
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Companies Applying In Denmark's Seventh Licensing Round
Upstream Projects
  Table: Denmark Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Denmark 2014-2019)
  Table: Oil Production (Denmark 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Denmark 2014-2019)
  Table: Gas Production (Denmark 2020-2025)
Refining
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Denmark 2014-2019)
  Table: Refining Capacity and Refined Products Production (Denmark 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Denmark 2014-2019)
  Table: Refined Products Consumption (Denmark 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Denmark 2014-2019)
  Table: Gas Consumption (Denmark 2020-2025)
Trade - Oil
Crude Oil Trade Forecasts
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Denmark 2014-2019)
  Table: Crude Oil Net Exports (Denmark 2020-2025)
Refined Fuels Forecast
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Denmark 2014-2019)
  Table: Refined Fuels Net Exports (Denmark 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Denmark 2014-2019)
  Table: Gas Net Exports (Denmark 2020-2025)
Industry Risk Reward Index
North America And Western Europe - Oil & Gas Risk/Reward Index
  Table: North America And Western Europe - Oil & Gas Risk/Reward Index
Upstream: North America To Maintain Lead
  Table: North America And Western Europe - Upstream Risk/Reward Index
Downstream: US Widens Lead
  Table: North America And Western Europe - Downstream Risk/Reward Index
Denmark - Risk/Reward Index
Denmark Upstream Score - Overview
Denmark Upstream Score - Rewards
Denmark Upstream Score - Risks
Denmark Downstream Score - Overview
Denmark Downstream Score - Rewards
Denmark Downstream Score - Risks
Market Overview
Denmark Energy Market Overview
Fiscal Regime
  Table: Denmark - Upstream Tax Regime
Licensing Regime
Licensing Rounds
Oil & Gas Infrastructure
Oil Refineries
  Table: Refineries In Denmark
Service Stations
Oil Storage Facilities
Oil Pipelines/Terminals
LNG Terminals
Gas Storage Facilities
Gas Pipelines
Competitive Landscape
  Table: Key Players - Danish Oil And Gas Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Company Profile
DONG Energy
Royal Dutch Shell
Other Summaries
Regional Overview
North America And Western Europe Oil And Gas Regional Overview
  Table: North America - Key Regional Indicators, 2013-2024
  Table: Western Europe - Key Regional Indicators, 2013-2024
Glossary
  Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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