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

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

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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

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

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

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