Norway Oil and Gas Report Q3 2016

Date: July 6, 2016
Pages: 96
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: Attractive fiscal policy has seen steady exploration and supported strong interest in the 23rd licensing round. New fields and improved recovery will stabilise oil production over the 2016-2019 period, with the vast Johan Sverdrup project contributing to long-term output. Gas production will improve as lower prices support European demand.

Latest Updates And Key Forecasts
  • The 23rd licensing round, which focused on the Barents Sea, saw 40 blocks awarded to 13 different participating companies.
  • To the end of May 12 exploration and 2 appraisal wells were drilled, down from 16 and 7 in 2015. Four minor discoveries were made.
  • Oil, condensate and NGL production averaged over 2mn b/d from January to April.
  • The Goliat project, the first Arctic oil development, was officially opened in April 2016.
  • Maersk's 10,000b/d Flyndre field is expected to come online in H216, while Statoil will tie back the Front C discovery to the Troll C platform boosting output by August.
  • The request for a production cap increase on the Troll field has been granted, enabling 33bcm of output from September 2016 to September 2017, up 3bcm from the previous period.
  • Natural gas production grew 10.7% y-o-y from January to April, reaching 43.4bcm over the first 4 months of 2016.
BMI Industry View
  Table: Headline Forecasts (Norway 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: 40 Of 56 Barents Blocks Awarded
  Table: Norway - Wildcat Drilling Results 2016
Upstream Projects
  Table: Key Upstream Projects In Norway
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Norway 2014-2019)
  Table: Oil Production (Norway 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Norway 2014-2019)
  Table: Gas Production (Norway 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Norway 2014-2019)
  Table: Refining Capacity and Refined Products Production (Norway 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Norway 2014-2019)
  Table: Refined Products Consumption (Norway 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Norway 2014-2019)
  Table: Gas Consumption (Norway 2020-2025)
Trade - Oil
Latest Updates
Crude Oil
  Table: Crude Oil Net Exports (Norway 2014-2020)
  Table: Crude Oil Net Exports (Norway 2020-2025)
Refined Fuels
  Table: Refined Fuels Net Exports (Norway 2014-2019)
  Table: Refined Fuels Net Exports (Norway 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Norway 2014-2019)
  Table: Gas Net Exports (Norway 2020-2025)
Industry Risk/Reward Index
North America And Western Europe Oil & Gas Risk/Reward Index
  Table: North America & Western Europe Oil & Gas Risk/Reward Index
Upstream Rankings: North America To Maintain The Lead
North America: US Unconventional Production Leads Decline
Western Europe Languishes In Maturing Assets
  Table: North America & Western Europe Upstream Risk/Reward Index, out of
Downstream Rankings: US Widens Its Lead
  Table: North America & Western Europe Downstream Risk/Reward Index
Norway - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Norway Energy Market Overview
Fiscal Regime
  Table: Norway - Offshore Tax Regime Overview
Licensing Regime And Rounds
  Table: 40 Of 56 Barents Blocks Awarded In 23rd Round
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Norway
Service Stations
Oil Terminals
Oil Pipelines
  Table: Norway - Major Oil Pipelines
LNG Terminals
  Table: LNG Terminals In Norway
Gas Processing Plants
Gas Pipelines
  Table: Gas Pipelines Operated By Gassled
Competitive Landscape
Competitive Landscape - Upstream
Competitive Landscape - Downstream
  Table: Key Downstream Players
Company Profile
Latest Updates
  Table: Statoil - Oil & Gas Fields Operated In Norway
  Table: Statoil Financial Data & Capex (USDbn)
Regional Overview
North America And Western Europe Oil And Gas Regional Overview
  Table: North America - Key Regional Indicators, 2014-2025
  Table: Western Europe - Key Regional Indicators, 2014-2025
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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