| |
0 Pages

Norwegian Continental Shelf - prospects for the future

Norwegian Continental Shelf - prospects for the future

Report summary

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


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.

  • Norwegian Continental Shelf - prospects for the future
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

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...