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Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020

Abstract

Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020

Summary

"Oil and Gas Exploration and Production in the North Sea - Market Analysis, Competitive Landscape and Forecast to 2020", is the latest report from GlobalData, the industry analysis specialist. It analyzes the oil and gas exploration and production industry in the North Sea region and provides information on historic production, estimated production and key companies in the North Sea region of major littoral countries, namely the UK, Norway, Denmark, the Netherlands and Germany. The report also outlines the key drivers and challenges for the industry in the current environment. It is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Scope

This report provides detailed analysis of the oil and gas industry in the North Sea region, as well as the key companies, trends and issues in the industry until 2020. It primarily focuses on -

  • Drivers of and challenges to oil and gas exploration and production in the North Sea region
  • Major littoral countries' contributions to the North Sea region's total oil and gas production
  • Key companies engaged in oil and gas exploration and production industry in the North Sea region
  • Gross oil and gas production from the North Sea region, forecast until 2020
  • Key exploration and production environment and infrastructure details in the UK, Norway, the Netherlands, Denmark and Germany
  • Overview of the competitive landscape of the companies engaged in exploration and production activities in the North Sea region

Reasons to buy

The report will enhance your decision-making by allowing you to -

  • Develop business strategies with the help of specific insights into the oil and gas exploration and production market in the North Sea region
  • Identify opportunities and challenges in the oil and gas industry in the North Sea region
  • Plan your strategies based on expected developments in the oil and gas exploration activities in the North Sea region
  • Understand the competitive landscape of this emerging market in the North Sea region

TOC

1 Table of Contents

1 Table of Contents 4

  • 1.1 List of Tables 6
  • 1.2 List of Figures 7

2 Introduction 8

  • 2.1 Overview 8
  • 2.2 GlobalData Report Guide 8

3 Oil and Gas Exploration and Production in the North Sea Region 9

  • 3.1 Overview of Oil and Gas Developments in the North Sea Region 9
    • 3.1.1 Oil and Gas Production from the North Sea Region Contributes Significantly to the Total Global Production 9
  • 3.2 Norway and the UK are the Key Countries for Exploration and Discoveries in the North Sea Region 10
    • 3.2.1 UK Leads in Exploration Activities in the North Sea Region 10
    • 3.2.2 Norway has witnessed the Largest Number of Oil and Gas Discoveries in the North Sea Region since 2008 11
  • 3.3 Oil and Gas Production in the North Sea Region has been Declining at an Average Annual Growth Rate of 7.7% during 2006 - 2011 13
  • 3.4 Oil and Gas Production from North Sea is Estimated to Decline by an Average Annual Growth Rate of 2% 14
  • 3.5 Comparison of Key Fiscal and Regulatory Terms of Countries 14
  • 3.6 Developing Oil and Gas Resources in the North Sea Region - Key Issues and Drivers 16
    • 3.6.1 The North Sea Region Holds Potential for New Blocks Developments 16
    • 3.6.2 Enhanced Oil Recovery Techniques are Assisting in Sustained Exploration & Production Activities in the North Sea Region 16
    • 3.6.3 FPSOs are Playing a Key Role in Production from the North Sea Region 17
    • 3.6.4 Maturing Fields are Leading to Declining Production from the North Sea Region 18
  • 3.7 HSE Policies for Offshore Drilling in North Sea Region 19
    • 3.7.1 HSE Policies for Offshore Oil and Gas Industry, the UK 19
    • 3.7.2 HSE Policies for Offshore Oil and Gas Industry, Norway 20

4 Oil and Gas Exploration and Production Environment in the United Kingdom 23

  • 4.1 Exploration and Production Environment in the United Kingdom 23
    • 4.1.1 Oil and Gas Infrastructure in the North Sea Region of the United Kingdom 24
  • 4.2 Oil and Gas Exploration and Discoveries in the North Sea Region of the United Kingdom 25
    • 4.2.1 Number of Wells Drilled, 2007 - 2011 28
    • 4.2.2 UK has Witnessed Nine Oil and Gas Discoveries in the North Sea since 2011 28
  • 4.3 Licensing Rounds 30
    • 4.3.1 27th Licensing Round Broke All Previous Records in terms of Applications Received 30
    • 4.3.2 The UK Energy Minister Awards 46 New Licenses for the Exploration of Hydrocarbons in the North Sea in 2011 30
  • 4.4 Oil and Gas Production in the UK North Sea has Declined at an AAGR of 9.7% over 2006 - 2011 31
    • 4.4.1 Production from the UK North Sea is Estimated to Decline by an AGGR of 2.9% during 2012 - 2020 32
  • 4.5 UK North Sea Region has 113 Planned Oil and Gas Fields 33

5 Oil and Gas Exploration and Production in the North Sea Region - Norway 34

  • 5.1 Exploration and Production Environment in Norway 34
    • 5.1.1 Norway North Sea Region has 56 Active Fields 35
  • 5.2 Oil and Gas Exploration and Discoveries in the North Sea Region of Norway 38
    • 5.2.1 Number of Wells Drilled, 2007 - 2011 39
    • 5.2.2 Norway has Witnessed 61 Discoveries in North Sea Area since 2008 40
  • 5.3 Licensing Rounds 41
    • 5.3.1 Norway's 22nd Licensing Round Names 86 New Exploration Blocks 41
  • 5.4 Oil and Gas Production in Norway's North Sea Declined during 2006 - 2011 42
    • 5.4.1 Norway North Sea Production is Estimated to Decline over the Period 2012 - 2020 43
  • 5.5 Norway North Sea Region has 28 Planned Oil and Gas Fields 44

6 Oil and Gas Exploration and Production in the North Sea Region - Denmark 46

  • 6.1 Exploration and Production Regulatory Environment and Fiscal Regime in Denmark 46
    • 6.1.1 Denmark North Sea has 17 Active Fields 47
  • 6.2 North Sea Region of Denmark has 48 Exploration blocks 48
    • 6.2.1 North Sea area of Denmark has Witnessed Seven Oil and Gas Discoveries since 2008 49
  • 6.3 Oil and Gas Production in Denmark North Sea has Declined at an AAGR of 9.3% during 2006 - 2011 50
    • 6.3.1 Production from Denmark North Sea to Decline at an AAGR 4.5% during 2012 - 2020 51
  • 6.4 Major Planned Oil and Gas Assets in the North Sea Region of Denmark 52

7 Oil and Gas Exploration and Production in the North Sea Region - Netherlands 53

  • 7.1 Exploration and Production Environment in Netherlands 53
    • 7.1.1 North Sea Region of the Netherlands has 58 Active Fields 54
  • 7.2 Netherlands North Sea has 24 Exploration Blocks 55
    • 7.2.1 Netherlands has Witnessed Three Discoveries in its North Sea Region since 2008 55
  • 7.3 Oil and Gas Production in the Netherlands North Sea has Declined at AAGR 5.1% during 2006-2011 56
    • 7.3.1 Production from the Netherlands North Sea is Estimated to Decline by an AAGR of 2.6% over 2012 - 2020 57
  • 7.4 Netherlands North Sea has 15 Planned Oil and Gas Fields 58

8 Oil and Gas Exploration and Production in the North Sea Region - Germany 59

  • 8.1 Exploration and Production Environment in Germany 59
    • 8.1.1 Oil and Gas Infrastructure in the North Sea Region of Germany 59
  • 8.2 North Sea Area of Germany has Eight Exploration Blocks 60
  • 8.3 Oil and Gas Production in the German North Sea has Declined at an AAGR 12.1% during 2006 - 2011 62
    • 8.3.1 Production from German North Sea is Estimated to Decrease at an AAGR 4.3% over 2012 - 2020 63

9 Major Oil and Gas Companies in the North Sea Region - A Competitive Landscape 64

    • 9.1.1 Petoro A/S Contributes about 12.9% Oil and Gas Production from the North Sea Region 64
    • 9.1.2 Statoil ASA and Royal Dutch Shell Operate the Largest Number of Exploration Blocks in the North Sea Region 65
    • 9.1.3 Statoil ASA Leads in the Number of Discoveries Made by any Operator in the North Sea since 2008 66

10 Appendix 67

  • 10.1 Abbreviations 67
  • 10.2 Market Definitions 67
  • 10.3 Sources 68
    • 10.3.1 Methodology 68
    • 10.3.2 Coverage 68
    • 10.3.3 Secondary Research 69
    • 10.3.4 Primary Research 69
    • 10.3.5 Expert Panel Validation 69
  • 10.4 Contact Us 70
  • 10.5 Disclaimer 70

List of Tables

1.1 List of Tables

  • Table 1: Exploration and Production Industry, North Sea, Comparison of Key Fiscal Terms of Countries, 2012 15
  • Table 2: Oil and Gas Exploration and Production, North Sea Region, Offshore New Exploration Assets 2012 16
  • Table 3: The UK, Key Fiscal Parameters, 2012 23
  • Table 4: Oil and Gas Production, The UK, Major Oil and Natural Gas Producing Fields in the UK North Sea, 2011 24
  • Table 5: Oil and Gas Exploration, The UK, Major Exploration Blocks in the North Sea Region, 2012 25
  • Table 6: Oil and Gas Exploration and Production, UK North Sea, Number of Wells Drilled, 2007 - 2011 28
  • Table 7: Oil and Gas Exploration and Production Industry, The UK North Sea, Major Oil and Gas Discoveries, 2011 - 2012 (Up to August) 28
  • Table 8: Oil and Gas Exploration and Production, The UK North Sea, Major Planned Production Fields, 2012 33
  • Table 9: Oil and Gas Exploration and Production, Norway, Key Fiscal Parameters, 2012 34
  • Table 10: Oil and Gas Exploration and Production, Norway, Major Oil and Gas Production Fields in North Sea Area, 2011 35
  • Table 11: Oil and Gas Exploration and Production, Norway North Sea, Major Exploration Blocks, 2012 38
  • Table 12: Oil and Gas Exploration and Production, Norway North Sea, Number of Wells Drilled, 2007 - 2011 39
  • Table 13: Oil and Gas Exploration, Norway North Sea, Major Discoveries, 2011 - 2012 (August) 40
  • Table 14: Oil and Gas Exploration and Production, Norway North Sea, Planned Fields, 2012 44
  • Table 15: Denmark, Key Fiscal Parameters, 2012 46
  • Table 16: Oil and Gas Production, Denmark North Sea, Major Oil and Natural Gas Producing Fields, 2011 47
  • Table 17: Oil and Gas Exploration, Denmark North Sea, Major Exploration Blocks, 2012 48
  • Table 18: Number of Wells Drilled In Denmark, 2007 - 2011 48
  • Table 19: Oil and Gas Exploration, Denmark North Sea, Major Discoveries, 2011 - 2012 (August) 49
  • Table 20: Oil and Gas Exploration, Denmark North Sea, Major Planned Production Fields, 2012 52
  • Table 21: Netherlands, Key Fiscal Parameters, 2012 53
  • Table 22: Oil and Gas Exploration and Production, Netherlands North Sea, Major Production Fields, 2012 54
  • Table 23: Oil and Gas Exploration, Netherlands North Sea, Major Exploration Blocks, 2012 55
  • Table 24: Oil and Gas Exploration, Netherlands North Sea, Major Discoveries, 2007 - 2012 (August) 55
  • Table 25: Oil and Gas Exploration, Netherlands North Sea, Major Planned Production Fields, 2012 58
  • Table 26: Oil and Gas Exploration and Production, German North Sea, Major Production Fields, 2012 59
  • Table 27: Oil and Gas Exploration, Germany North Sea, Major Exploration Blocks, 2012 60

List of Figures

1.2 List of Figures

  • Figure 1: Exploration and Production Industry, North Sea, Share of North Sea Region in Global Production of Oil and Gas, %, 2011 9
  • Figure 2: Exploration and Production Industry, North Sea, Share of Countries in Exploration Blocks, %, 2012 (September) 10
  • Figure 3: Exploration and Production Industry, North Sea, Share of Countries in Oil and Gas Discoveries, %, 2008 - 2012 (September) 11
  • Figure 4: Exploration and Production Industry, North Sea, Oil and Gas Discoveries by Basins, 2008 - 2012 (September) 12
  • Figure 5: Exploration and Production Industry, North Sea, Oil and Gas Production, MMboe, 2006 - 2011 13
  • Figure 6: Exploration and Production Industry, North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020 14
  • Figure 7: Exploration and Production Industry, Share of Europe's FPSO-based Oil and Gas Production Capacity in Global FPSO Capacity, 2012 17
  • Figure 8: Exploration and Production Industry, North Sea, Oil and Gas Production, MMboe, 2006 - 2011 18
  • Figure 9: Oil and Gas Exploration, The UK North Sea, Location of the 47/2b (Split), 47/3g (Split), 47/7 (Split) & 47/8d (Part) Block, 2012 26
  • Figure 10: Oil and Gas Exploration, UK North Sea, Location of the 22/19c All Block, 2012 27
  • Figure 11: Oil and Gas Exploration, The UK North Sea, Location of 29/1c, 2012 29
  • Figure 12: Exploration and Production Industry, The UK North Sea, Oil and Gas Production, MMboe, 2006 - 2011 31
  • Figure 13: Exploration and Production Industry, The UK North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020 32
  • Figure 14: Oil and Gas Exploration, The UK North Sea, Location of the Alder Field, 2012 33
  • Figure 15: Oil and Gas Exploration and Production, Norway North Sea, Location of the Troll Field, 2012 36
  • Figure 16: Oil and Gas Exploration and Production, Norway North Sea, Location of the Ekofisk Field, 2012 37
  • Figure 17: Oil and Gas Exploration, Norway North Sea, Location of 7/2, 7/4, 7/5, 7/8(PL 495), 2012 39
  • Figure 18: Oil and Gas Exploration, Statoil ASA Discovery in the North Sea Region, Aldous Major South Field 41
  • Figure 19: Exploration and Production Industry, Norway North Sea, Oil and Gas Production, MMboe, 2006 - 2011 42
  • Figure 20: Exploration and Production Industry, Norway North Sea, Oil and Gas Production, MMboe, 2012, 2016 and 2020 43
  • Figure 21: Oil and Gas Exploration and Production, Norway North Sea, Location of Gurdun Field, 2012 45
  • Figure 22: Exploration and Production Industry, Denmark North Sea, Oil and Gas Production, MMboe, 2006 - 2011 50
  • Figure 23: Exploration and Production Industry, Denmark North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020 51
  • Figure 24: Exploration & Production Industry, Netherlands North Sea, Oil and Gas Production, MMboe, 2006 - 2011 56
  • Figure 25: Exploration and Production Industry, Netherlands North Sea, Estimated Production of Oil and Gas, MMboe, 2012, 2016 and 2020 57
  • Figure 26: Oil and Gas Exploration, Germany North Sea, Location of the 20008/71 Block, 2012 61
  • Figure 27: Exploration and Production Industry, Germany North Sea, Oil and Gas Production, MMboe, 2006 - 2011 62
  • Figure 28: Exploration and Production Industry, German North Sea, Estimated Oil and Gas Production, MMboe, 2012, 2016 and 2020 63
  • Figure 29: Exploration and Production Industry, North Sea, Equity-weighted Oil and Gas Production by Major Companies, MMboe, 2011 64
  • Figure 30: Exploration and Production Industry, North Sea, Exploration Blocks Operated by Major Companies, 2012 (September) 65
  • Figure 31: Exploration and Production Industry, North Sea, Number of Discoveries by Operators, 2008 - 2012 (September) 66
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