DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/10d171/norway_oil_and_gas) has announced the addition of the "Norway Oil and Gas Report Q4 2011" report to their offering.
The latest Norway Oil & Gas Report from BMI forecasts that the country will account for 1.78% of regional oil consumption by 2015, while accounting for 55.17% of supply. In Developed Europe, overall regional oil demand will be an estimated 12.71mn barrels per day (b/d) in 2011 and is set to reach 13.17mn b/d by 2015. Developed Europe regional oil production will have been an estimated 3.83mn b/d in 2011, falling potentially to just 3.34mn b/d in 2015. Regional net imports are set to rise from an estimated 8.88mn b/d in 2011 to 9.83mn b/d by the end of the forecast period. Norway will remain the only major net exporter, with the UK a growing net importer.
In terms of natural gas, the Developed Europe region will have consumed an estimated 457bn cubic metres (bcm) in 2011, with demand of 498bcm targeted for 2015, representing 9.0% growth. Production of an estimated 238cm in 2011 is set to rise to 248bcm in 2015, which implies net imports rising from the estimated 2011 level of 219bcm to some 250bcm by the end of the period. Norway's share of gas consumption in 2011 will have been an estimated 1.14%, while it will have accounted for around 64.55% of production. By 2015, its share of gas consumption is forecast to be 1.17%, while its share of production will be 69.49%.
Read more inside Norway Oil and Gas Report Q4 2011
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 - Summary
- Faroe Petroleum
- RWE Dea
- Petoro
- Norwegian Energy Company (Noreco)
- Talisman Energy
For more information visit http://www.researchandmarkets.com/research/10d171/norway_oil_and_gas