Norway Oil and Gas Upstream Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Norway

The “Norway Oil and Gas Upstream Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Norway Oil and Gas Upstream market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Norway Oil and Gas Upstream market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The upstream oil and gas spending in Norway is estimated to increase at a CAGR of 6.2% during 2017-2019. However, the trend is expected to be reversed during 2019-2024 (a decline in CAGR – around 2% during the same period). Major factors driving the market are the increasing development of new oilfields and the lower breakeven prices. The divestment of government funds from the upstream oil and gas sector can act as a restraining factor for the market growth.
  • – Upstream companies see drilling in the Lofoten islands as crucial for maintaining petroleum production level in the coming years. Around 1-3 billion barrel of crude oil is estimated to be present beneath the island. Moreover, around two-third of Norway’s undiscovered resources, especially gas, is estimated to lie in the Barents Sea. As a result, exploration activities in the region are expected to shift toward the Barents Sea.
  • – The discovery of new small oilfields provides an opportunity for upstream oil & gas market in Norway
  • – In 2019, the investment in the Norwegian offshore oil and gas industry (excluding exploration) is expected to increase by 13%, to more than NOK 140 billion. A number of small projects received FIDs in 2017, as well as 2018, and are expected to come online in 2019 and 2020.

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    In Norway Oil and Gas Upstream Market Report, Following Companies Are Covered:

  • Equinor ASA
  • Aker BP ASA
  • Total S.A.
  • ConocoPhillips
  • Royal Dutch Shell PLC
  • Exxon Mobil Corporation

    Norway Oil and Gas Upstream Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Norway Oil and Gas Upstream market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Norway Oil and Gas Upstream Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Development of New Oilfields

    – The major oilfields in the country are reaching their maturity, and as a result, since 2016, the oil production of Norway has declined significantly. During 2016-2018, the oil production of the country had declined by about 8%, and is expected to further decline by another 4.7% during 2018-2019.
    – However, in the recent years, the country made a number of major oil discoveries. In order to offset the decline in production from matured oilfields, the upstream oil and gas companies are investing heavily in developing these new oilfields.
    – Hence, during the forecast period, the investments in new oilfields are expected to be the biggest and the most dominating driver for the Norway upstream oil and gas market.
    – As a result of these investments, from 2020, the oil production of Norway is expected to reverse the trend and register significant growth. Some of the major fields that are expected to attract investments during the forecast period are the Johan Sverdrup oilfield, Martin Linge, Aasta Hansteen gas field and Johan Carstberg.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Norway Oil and Gas Upstream create from those of established entities?

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    Detailed TOC of Norway Oil and Gas Upstream Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Scope of Study
    1.2 Market Definition
    1.3 Study Assumptions
    1.4 Study Deliverables
    1.5 Research Phases

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET OVERVIEW
    4.1 INTRODUCTION
    4.2 Number of Exploration Wells Spudded, Norwegian Continental Shelf, 2010-2018
    4.3 Active Rig Count, Norway, Jan 2014-Apr 2019
    4.4 Upstream Oil and Gas Spending in NOK billion, Norway, 2010-2024
    4.5 Recent Trends and Developments
    4.6 Government Policies and Regulations
    4.7 Market Dynamics
    4.7.1 Drivers
    4.7.2 Restraints
    4.8 Industry Supply-Chain Analysis
    4.9 Porters 5 Force Analysis
    4.9.1 Bargaining Power of Suppliers
    4.9.2 Bargaining Power of Consumers
    4.9.3 Threat of New Entrants
    4.9.4 Threat of Substitute Products and Services
    4.9.5 Intensity of Competitive Rivalry

    5 COMPETITIVE LANDSCAPE
    5.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    5.2 Company Profiles
    5.2.1 Equinor ASA
    5.2.2 Aker BP ASA
    5.2.3 Total S.A.
    5.2.4 ConocoPhillips
    5.2.5 Royal Dutch Shell PLC
    5.2.6 Exxon Mobil Corporation

    6 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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