What's inside this report? Key findings
1. The North Sea will remain a global hotspot for business development in 2020. Private equity will reach a crossroads as focus shifts towards an exit. The Supermajor sell-off will continue and bargains will be had in the UK. Norwegian prices will be propped up by a group of thriving local buyers.
2. Exploration will remain buoyant and production will rise to 6 million barrels a day. There will also be plenty of project sanctions. The supply chain will welcome the boost but financing options will tighten. Projects will not only be scrutinised on economic terms, but on their environmental impact. Long payback and carbon-intensive developments will be the hardest hit.
3. Fiscal policies will remain stable. The UK election result, a Conservative majority, ensures the status quo remains for now. But the stability will only provide short-term relief for the sector, as fiscal policy becomes greener and more progressive. Expect plenty of long-term manoeuvring towards decarbonisation.
For an in-depth discussion of the five key themes to watch in the North Sea upstream sector (UK, Norway and Denmark), download the report. Fill in the form on this page to get your copy.
