LAST BUT NOT LEAST Gullkronen 2014 Find the nominees & winners here
INDUSTRY VIEW "Yearly Change in Liquid Supply - Shale Has been Adding the Most" by Espen Erlingsen, Analyst It is observable that shale/tight oil production from North America has increased year by year since 2011. In 2013 the net additions from shale/tight oil reached 1.5 million boe, where 0.4 million boe/d of the additions was NGL. For the same year the global liquid supply increased by ~0.7 Million boe/d. Read more
"Subsea Market Expected to Reach $115 Billion by 2020" by Jon Fredrik Müller, Project Manager (Published by Offshore, February) In the beginning of the year 2000, oil companies' global subsea expenditure totaled $7 billion. The market grew tremendously to a high of more than $30 billion in 2008. After the financial crisis, the market softened as operators reduced investments and put projects on hold to conserve cash. Since 2011 it has regained growth, and in 2014 the expenditure is forecasted to reach $45 billion. Read more
"A Blossoming Rig Market for the North Sea Countries" by Lars Willums, Analyst (Published by PESGB, February) The key North Sea countries Norway and the United Kingdom produced 3.8 and 1.6 million barrels of oil equivalents per day (mmboe/d) respectively in 2013. Going forward, both countries are expected to see a production increase. In 2020, Rystad Energy assesses the Norwegian production to reach a total of up to 4.1 mmboe/d. Of this, 64% will come from fields that are currently producing, while 19% will come from fields currently under development. The remaining production will come from discoveries not yet sanctioned. The UK production is expected to increase towards 2.1 mmboe/d in 2020. Of this, only 31% will come from assets currently producing, while 35% will come from fields currently under development, and the remaining 34% from currently unsanctioned projects. Read more
NEW PRODUCT ECube (Exploration Database) ECube provides a global overview of discovered and undiscovered volumes taking UCube (our upstream database) data to well level, with historical data from the awarded new acreage and risked forecasting exploration programs. Variables included are acreage, discovered volumes, drilling days, exploration costs, exploration wells and formation drill depths. It is possible to split data by basin, sub basin, operators, companies and geography as well as on several well types, e.g. content and stratigraphy.Read more
For more information on our other new products, please visit RigCube (Rig Demand & Supply Analysis Database) and SCube (Supplier Database).
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments. We are headquartered in Oslo, Norway, with additional research teams in India. Further presence has been established in the UK (London), USA (New York & Houston), Russia (Moscow), for Africa as well as South East Asia.