Bigger FIDs are on the horizon: North Sea Project Tracker Q1 2017

The North Sea project tracker Insight Report provides key details on close to 100 projects in the wider North Sea and comes with an Excel file containing all supporting data. It includes our estimate of project FID and start up date, reserves, peak production, capital expenditure, breakeven price and value. The report will be published on a quarterly basis, allowing you to see how these projects change from quarter to quarter. We will see more FIDs in the North Sea in 2017, as companies put growth back on the agenda. This will come with a corresponding jump in scale, as bigger projects vie for the green-light. Locking in lower costs is the key driver, with an expectation that the supply market will bottom out. Close attention will be paid to Statoil's Johan Castberg in the Barents Sea and Hurricane Energy's Lancaster in West of Shetland. Progression of these frontier projects would signal the recovery is underway.