Insight
After the crash – what's changed in North Sea upstream?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The North Sea’s upstream sector has been hit hard by the oil price crash. But operators have responded quickly. 2020 investment has been slashed with almost all but essential spend either deferred or cancelled. In 2020, compared to our pre-crash view, capital expenditure is down 30%, only four FIDs are expected over the line and corporate valuations have fallen by US$60 billion. Powered by our Lens Upstream platform, we evaluate how our latest regional outlook contrasts with our pre-crash view.
Table of contents
-
Executive Summary
- So, what's changed in the North Sea?
Tables and charts
This report includes the following images and tables:
- North Sea capital expenditure by country
- Capex changes by development status
What's included
This report contains:
Other reports you may be interested in
Asset Report
Skogul
Skogul is a small oil and associated gas field located in the Norwegian North Sea, 30 kilometres northeast of Alvheim.A plan for ...
$3,720
Asset Report
Netherlands ceased fields
This analysis highlights fields that have ceased production both offshore and onshore in the Netherlands, but whose facilities are yet ...
$3,720
Asset Report
Bruce Area
The Bruce Area comprises the Bruce, Keith and Rhum fields in the Northern North Sea. Discovered in 1974, the complex Bruce ...
$3,720
