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UK and Norway upstream costs - how far will they fall?

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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.

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    UK and Norway upstream costs - how far will they fall?

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Tables and charts

This report includes 6 images and tables including:

Images

  • 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

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