Insight
Can Norway maintain its role as an oil & gas supplier of choice?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Russia’s invasion of Ukraine has pushed energy security to the top of the EU’s agenda. Norway, Europe’s biggest oil and gas producer, has responded to calls to raise output and cemented its place as a supplier of choice. But can it seize this opportunity and maintain or even grow supply further? In this insight, we answer the following questions: How is an unprecedented level of activity impacting costs and project schedules? Where does Norway rank globally for prospective resources and where do these reside? What impact has consolidation had on the appetitie to unlock complex developments? Can Norway be an energy basin of the future?
Table of contents
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Executive summary
- The opportunity
- The call on Norwegian supply
- Norway is a supplier of choice
- Positive sentiment and fiscal neutrality
- Decarbonisation leader
- Can current levels of output be maintained?
- Short-term risks – cost inflation
- Medium-term risks – thinning pipeline of opportunities and company appetite
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
- Range of global oil & gas demand*
- Upstream capex split by decade
- Marginal tax rate v oil price
- Emissions intensity* of selected producers
- NCS production by power source
- Capex by development status
- Number of FIDs*
- Norway production outlook by development status
- Prospective resources by country (top 10)
- NCS prospective resources by basin (bn boe)
What's included
This report contains:
