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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



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  • Norwegian Continental Shelf - prospects for the future.pdf PDF - 1.92 MB

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  • Norwegian Continental Shelf - prospects for the future
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