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8 Pages

Norway oil and gas production: review of 2014; outlook for 2015


Norway oil and gas production: review of 2014; outlook for 2015

Report summary

Oil production increased for the first time since 2000, with total liquids output reaching 1.9 mmbbl/d. It is expected to remain flat over the next five years. Gas production remained flat in 2014 due to the softening European market. Production is expected to remain at this level until 2019. The industry focussed on value over volume, intensified by the sharp drop in oil price. A number of major projects were delayed, impacting production from this year and into the next decade.


What's included?

This report includes 2 file(s)

  • Norway oil and gas production: review of 2014; outlook for 2015 PDF - 332.61 KB 8 Pages, 2 Tables, 8 Figures
  • Norway oil and gas production review 2014.xls XLS - 354.00 KB

Description

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

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  • Oil production increases for first time in 14 years
  • Skarv drives production increase
  • Issues at key hub
  • Swing producers reduce output as demand falls
  • But offset by improved performances
  • Key projects shelved
  • Drilling and maintenance under review
  • Major milestone for Johan Sverdrup
  • Tight deadlines for remaining projects

In this report there are 10 tables or charts, including:

  • Oil production increases for first time in 14 years
    • Norway Liquids Production
  • Skarv drives production increase
    • Top ten liquids producing developments
  • Issues at key hub
    • Norway Gas Production
  • Swing producers reduce output as demand falls
    • Top ten gas producing developments
  • But offset by improved performances
    • Norway oil and gas production: review of 2014; outlook for 2015: Image 5
    • Pre-sanction Break-even prices
  • Key projects shelved
  • Drilling and maintenance under review
  • Major milestone for Johan Sverdrup
    • Onstream in 2014 and 2015 (as at April 2015)
  • Tight deadlines for remaining projects
    • Expected onstream in 2015
    • Norway liquids production by company, 2014
    • Norway gas production by company, 2014
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