Norway a Driving Force of the European Region in Terms of Offshore Reserves and Development Projects – It is expected that fresh offshore development projects commencing in the next one to two years in Norway will stabilize hydrocarbon production by late 2013 or early 2014. Hydrocarbon production will then remain steady through to 2017. For more information visit: Offshore Drilling Industry in Europe to 2016 – Norway a Driving Force for the European Offshore Drilling Industry, Reserves and Development Projects
In terms of exploration activity, there were 13 new discoveries offshore Norway in 2012, possessing together about 132 MMcmoe (million cubic meters of oil equivalent) of fresh hydrocarbon reserves. The economies of both Norway and the UK have benefited from successful explorations by Statoil. Statoil has submitted plans for four new major projects, with an estimated capital expenditure of $23 billion.
There have been considerable offshore developments in Norway in the recent past. In the North Sea, Statoil plans to produce 225 million barrels of oil equivalent (MMboe) of hydrocarbon from the Dagny oil and gas field. BP plc (BP) has commenced production from the Skarv oil and gas field, in the Norwegian Sea. The capital expenditure allocated for the project is about $7 billion.
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Spanning over 77 pages, 36 tables and 25 figures, “Offshore Drilling Industry in Europe to 2016 – Norway a Driving Force for the European Offshore Drilling Industry, Reserves and Development Projects”, provides an in-depth analysis of the offshore drilling industry in Europe and highlights the various concerns, shifting trends and major happenings in regions worldwide.
In addition to covering the Introduction to the Offshore Drilling Industry, Offshore Drilling Industry in Europe to 2016 – Key Trends and Challenges and Key European Countries’ Offshore Wells and Drilling Expenditure Statistics, the report also presents Offshore Drilling Activity in Europe to 2016 – Drilling and Well Forecasts to 2016, Profiles of Major Regional Contractors.
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