DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/51d3de/united_kingdom_oil) has announced the addition of the "United Kingdom Oil and Gas Report Q1 2012" report to their offering.
United Kingdom Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on United Kingdom's oil and gas industry.
Unexpected North Sea tax changes don't appear to have killed off North Sea investment activity, but assets continue to move from the established players to smaller, independent operators prepared either to accept lower returns or to work the assets harder. Volumes will remain under pressure, with the UK facing a steady rise in oil and gas imports.
The Main Trends and Developments We Highlight in the UK Oil and Gas Sector Are:
- The UK government has approved the development of the Clare oil field, west of Shetland. This is one of the UK's oldest undeveloped fields and should be brought into production by a BP-led consortium by 2016, with potential peak output of 120,000 barrels per day (b/d).
- BMI is assuming average daily UK liquids output for 2011 of 1.29mn b/d, though this estimate may prove somewhat optimistic given the various production and maintenance issues which undermined supply in the first half of the year. By 2016, UK oil production is unlikely to be above 1.0mn b/d. Oil consumption is expected to have reached 1.71mn b/d by this point, providing a net crude import requirement of at least 731,000b/d.
Companies Mentioned:
- Royal Dutch Shell
- BP
- Total
- ExxonMobil
- Chevron
- ConocoPhillips
- Petroplus
- Centrica
- Petronas
- Apache
- Valero Energy
- BG Group
- Marathon Oil
- TAQA
- Murphy Oil
- Korea National Oil Corporation (KNOC)
- Serica Energy
- Eni
- IGas
- Idemitsu
- DONG Energy
- Nexen
- RWE Dea
- Petrofac
- EnQuest
- Scottish & Southern Energy
- Statoil
For more information visit http://www.researchandmarkets.com/research/51d3de/united_kingdom_oil
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
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