An common capital expenditure (capex) of $19.5bn per yr is forecast to be spent on 568 oil and fuel fields in North Sea between 2018 and 2020, in keeping with GlobalData, a number one knowledge and analytics firm.

Capital expenditure within the North Sea's conventional oil tasks will add as much as $35.5bn over the three-year interval, whereas heavy oil fields would require $5.1bn over the identical interval. Investments into fuel tasks in North Sea would whole $17.9bn in upstream capital expenditure by 2020.


Shallow water tasks will likely be chargeable for over 92 % of $58.5bn of upstream capital expenditure in North Sea, or $53.6bn by 2020. The deepwater tasks will necessitate $four.9bn in capital expenditure over the interval.

GlobalData expects that Statoil ASA will lead North Sea in capital expenditure, investing $9.8bn into the area's upstream tasks by 2020. Petoro AS and BP Plc will comply with with $three.5bn and $three.3bn invested into North Sea's tasks between 2018 and 2020.

Johan Sverdrup, a deliberate typical oil discipline within the Northern North Sea Basin, will lead capital funding with $8bn to be spent between 2018 and 2020. Statoil Petroleum AS is the operator for the sector. Mariner, one other deliberate oil discipline within the Northern North Sea Basin, follows with a capex of $2.6bn. Statoil (U.Ok.) Ltd is the operator of the sector. Tyra, a fuel producing discipline in Central Graben Basin, will comply with subsequent with a capex of $2bn. Maersk Olie og Gas AS is its operator. All the three fields are shallow water fields.

GlobalData studies the typical full cycle capital expenditure per barrel of oil equal (capex/boe) for North Sea tasks at $12.82. Shallow water tasks have the bottom full cycle capex/boe at $12.76, adopted by deepwater developments with $15.73.


Please depart feedback and suggestions under

good day

Read more at Source link


Please enter your comment!
Please enter your name here