Sustained Low Oil Prices Threaten the Development of Northwest Europeís Frontier Basins

 Published On: Nov, 2014 |    No of Pages: 8 |  Published By: GlobalData | Format: PDF
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The partners in the Johan Castberg and Rosebank fields are continuing to delay the announcement of their Final Investment Decision in order to spend more time maturing the design for their fieldís development concept. This is due to rising development costs, plummeting commodity prices, uncertainty over the resource base, and a lack of nearby commercial discoveries. In combination, these aspects threaten to severely hamper the development of both Norway and the UKís most promising oil and gas provinces: the Barents Sea and the West of Shetland.


- The effect of sustained low oil prices on the development of the West of Shetlands and Barents Sea
- The importance of the sanctioning of the Rosebank and Johan Castberg fields to permit the construction of infrastructure that will provide an export route for the regionís hydrocarbons
- Basinal production scenario modelling and analysis through to 2030
- The short term to long term evolution of the West of Shetland and Barents Sea

Reasons to buy

- Understand the latest developments in the frontier West of Shetlands and Barents Sea
- The implications of the fall in oil prices on the regions development, and the oil prices required for project sanction
- Economic analysis of alternative development scenarios for the Johan Castberg field development
- The opportunities which may arise for IOCís operating in the region

1 Table of Contents
West of Shetland
Barents Sea
Contact Information

1.1 List of Tables
Table 1: Economics of Alternative Johan Castberg Development Scenarios

1.2 List of Figures
Figure 1: Estimated Reserves by Region
Figure 2: Production Outlook for the WoS
Figure 3: Production Outlook for the Barents Sea

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