Global Data’s latest upstream report, ‘H1 2017 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in North Sea’ – Norway to Lead in Crude Oil Production’, suggests that almost 80 percent of the North Sea region’s crude production would be contributed by Norway. UK is expected to dominate the region’s gas production by contributing about 68 percent of the total production.
Total Crude Production from Key Planned Projects in North Sea (bd)
Among companies, Statoil Petroleum AS will lead the planned crude production while Dana Petroleum Limited the gas production.
The report also states that by 2025, 38 crude and natural gas projects are expected to start operations in the North Sea. The UK leads with a total of 27 projects in this region, followed by Norway and Denmark with 10 and one respectively.
Global Data upstream research in the report also says that about $81bn would be spent on the upcoming projects in the North Sea region, of which around $39bn is expected to be spent between 2017 and 2025. The highest capex spending country is expected be UK, and among companies it would be Statoil (U.K.) Limited.
About this report
The H1 2017 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in North Sea report from GlobalData Oil & Gas, analyzes production and capital expenditure outlook in the North Sea, focusing on key countries and companies. It also provides count of planned projects and starts by key countries and companies in the region. Details of key planned crude and natural gas projects in North Sea are also given. The report further provides capex and opex outlook by key countries and companies in the region.