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Impact of oil price on upstream investment, costs and production in the North Sea & Europe


Impact of oil price on upstream investment, costs and production in the North Sea & Europe

Report summary

Since the oil price crash, there have been deep cuts in European capital expenditure - with US$60 billion (30%) removed across 2016-2020. The vast majority of the cuts are in Norway, with its many pre-FID projects giving more scope to defer spend and optimise costs. In the ultra-mature UK, the focus has been on cutting opex to maintain critical infrastructure and production from onstream projects.

What's included?

This report includes 1 file(s)

  • Impact of oil price on upstream investment, costs and production in the North Sea & Europe.pdf PDF - 2.24 MB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Please see the slide-pack in the Downloads section for full details.
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