Insight
UK and Norway upstream costs - how far will they fall?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
High capital and operating costs are the single biggest issue for companies in the UK and Norwegian sectors of the North Sea. Developing and running fields while making a profit has become ever more challenging, even during the 'good times' of oil prices around US$100/bbl. Radical changes are required to correct the cost base. So, what can we expect to change? And why? We detail our expectations for cost deflation across the UK and Norway.
Table of contents
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Executive Summary
- What will change and why?
- What's behind the cost deflation?
- Why do the UK and Norway differ?
- The effect of Norwegian Kroner depreciation on costs
- Model field analysis on deflationary impact
- What projects and companies will see big cost reductions?
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What’s the longer term cost outlook?
- What happens when the oil price recovers?
- Efficiencies vs unit cost reductions – lessons from history
- Impact on the service sector
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
- Capital costs - expected deflation
- Operating costs - expected deflation
- Norway projects based on pre/post deflation*
- UK projects based on pre/post deflation**
- Top 20 companies by net capital spend, 2015 - 2025
- Top 20 projects by capital spend, 2015 - 2025
What's included
This report contains:
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