Insight
After the crash – what's changed in North Sea upstream?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The North Sea’s upstream sector has been hit hard by the oil price crash. But operators have responded quickly. 2020 investment has been slashed with almost all but essential spend either deferred or cancelled. In 2020, compared to our pre-crash view, capital expenditure is down 30%, only four FIDs are expected over the line and corporate valuations have fallen by US$60 billion. Powered by our Lens Upstream platform, we evaluate how our latest regional outlook contrasts with our pre-crash view.
Table of contents
-
Executive Summary
- So, what's changed in the North Sea?
Tables and charts
This report includes the following images and tables:
- North Sea capital expenditure by country
- Capex changes by development status
What's included
This report contains:
Other reports you may be interested in
Asset Report
Skogul
Skogul is a small oil and associated gas field located in the Norwegian North Sea, 30 kilometres northeast of Alvheim.A plan for ...
$3,720
Asset Report
Frostpipe
The Frostpipe was constructed to transport condensate and oil from the Lille Frigg and Frøy fields to the Oseberg field.
$2,580
Asset Report
Gorm-Fredericia Oil Pipeline
The Gorm-Fredericia Oil Pipeline is the main trunkline to shore in the Danish sector of the North Sea. It serves all of the producing ...
$2,580
