DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2f17b9/norway_oil_and_gas) has announced the addition of the "Norway Oil and Gas Report Q2 2011" report to their offering.
Business Monitor International's Norway Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Norway's oil and gas industry.
The latest Norway Oil & Gas Report from BMI forecasts that the country will account for just 1.68% of Developed Europe regional oil demand by 2015, while contributing 53.14% to supply. In Developed Europe, overall oil consumption in 2010 was an estimated 13.02mn barrels per day (b/d). It is set to recover to around 13.18mn b/d by 2015. Developed Europe regional oil production was 6.96mn b/d in 2001, and in 2010 averaged an estimated 4.40mn b/d. It is set to fall to just 3.53mn b/d by 2015.
Between 2010 and 2020, we forecast a decline in Norwegian oil production of 29.6%, with output slipping steadily from an estimated 2.20mn b/d in 2010 to 1.55mn b/d at the end of the 10-year forecast period. Given a mere 1.90% increase in oil consumption over the period, exports slide from 1.99mn b/d to 1.34mn b/d by 2020. Gas production should rise from the estimated 2010 level of 106bcm to a peak of 116bcm in 2015, before falling to 100bcm by 2020. Most exports will continue to be in the form of pipeline gas, with some liquefied natural gas (LNG). Details of BMI's 10-year forecasts can be found in the appendix to this report.
There is a partly privatised energy sector, with government majority ownership of the national oil company Statoil, formed in 2007 through a merger of Statoil and the oil and gas interests of Norsk Hydro. Norway has a major, but mature and highly competitive, upstream oil and gas segment, featuring most key national and international companies. The downstream oil segment is small, open to competition and deregulated.
Companies Mentioned:
- Statoil
- ExxonMobil
- Total E&P Norge
- Norske Shell
- ConocoPhillips
- BP
- Gassco
- Eni
- Marathon Oil
- Det Norske Oljeselskap
- Lundin Petroleum
- DONG Energy
- Centrica
- BG Group
- Wintershall Norge
- OMV
- Faroe Petroleum
- RWE Dea
- Petoro
- Norwegian Energy Company (Noreco)
- Talisman Energy
For more information visit http://www.researchandmarkets.com/research/2f17b9/norway_oil_and_gas