Insight
Norway trip notes: shifting gears to develop tougher resources faster
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Report summary
Wood Mackenzie analysts travelled to Oslo and Stavanger to present key themes shaping Norway's upstream sector and to gauge how the industry is responding to ongoing market volatility. The country’s key role in European energy security as a key supplier of both oil and gas to the continent is more important than ever. The conflict in the Middle East continues to disrupt oil and gas flows to Europe, a net importer of both. Norwegian producers will benefit from near-term price gains and remain reliable suppliers to the continent. Through our discussions with operators, partners, financial institutes and government officials, we spotlight the four key themes that are shaping the sector now and into the 2030s.
Table of contents
- Executive summary
- Unexpected cash flow windfall incoming for NCS producers
- Norway has optionality to develop resources in the medium term
- Speeding up lead times for new discoveries
- Tight M&A market to persist as producers cling to assets
Tables and charts
This report includes the following images and tables:
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Norwegian company cashflow under different price scenariosNorway's improved recovery resource opportunityLead times from discovery to FID and startupRecent M&A deals in Norway
What's included
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