We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.
Norwegian investment has been hit by the oil price downturn. US$50 billion has been removed from our outlook between 2016 and 2020 with over ten projects having been deferred or made sub-commercial. What does this mean for future prospects on the NCS?
Costs have come down considerably through both cyclical service sector deflation and project optimisation
We expect the market to bottom out in 2017, before supply chain demand picks up with oil prices
FIDs between now and 2018 are optimal for locking in lower costs and maximising value
Optimisation - not cyclical benefits – is the key to new investment
More efficient drilling, new technological approaches and scaling down developments stand out
What's included?
This report includes 1 file(s)
Norwegian Continental Shelf - prospects for the future.pdf PDF - 1.92 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.
Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Contact Us
Insight | Aug 2016
Norwegian Continental Shelf - prospects for the future
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.
