Summary
The petroleum industry holds a unique position in Norway. The sector contributes significantly to the economic growth in Norway and to the financing of the Norwegian welfare state. In 2007, the state’s revenue from the petroleum sector amounted to approximately 31 % of the total revenues. The oil and gas sector accounts for almost 48% of the total exports of the country.
Scope
- GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world.
- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry.
- Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today
- Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry
- Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
1 Table Of Contents
1.1 List of Tables
1.2 List of Figures
2 GlobalData View Point
2.1 Summary
3 Norway’s 20th Licensing Round: Will It Reverse the Downtrend of Investment in the Ageing Norwegian Oil Industry
3.1 Waning Norwegian petroleum production and exports
3.2 Norway’s 20th Licensing Round: 79 blocks offered, attracted 46 companies
3.3 Mature Areas Expected To Attract the Attention of Smaller Companies and the Larger Companies Might Focus On Unexplored Areas
3.4 No significant impact expected on the growth in oil production as some of the high potential areas are still closed for investment
3.5 Conclusion
4 Financial Deals Landscape
4.1 Detailed Deal Summary
4.1.1 Acquisition
4.1.2 Partnerships
4.1.3 Asset Transactions
5 Recent Developments
5.1 License Rounds
5.1.1 Nov 07, 2008: 46 Companies Apply For New Licenses In Norwegian Continental Shelf
5.1.2 Nov 03, 2008: 79 Blocks Up For Bids In Norwegian Shelf Licensing Round
5.2 License Awards
5.2.1 Dec 08, 2008: StatoilHydro Receives Operatorship In Third Faroese Licensing Round
5.2.2 Dec 08, 2008: Faroe Receives Two New Licenses In Faroese Third Licensing Round
5.2.3 Dec 05, 2008: StatoilHydro Receives Drilling Permit For Wellbore 7223/5-1 In PL 228, Norway
5.2.4 Dec 05, 2008: Total Wins Consent To Drill Well 6506/9-1 In Norwegian Sea Using West Phoenix
5.2.5 Dec 05, 2008: Total Receives Approval For Victoria Well 6506/9-1 In Norway
5.2.6 Dec 05, 2008: StatoilHydro Wins Consent To Use Bideford Dolphin On Oseberg Sor J Structure In Norway
5.2.7 Dec 05, 2008: Shell Wins Consent To Use Leiv Eriksson For Drilling 6603/12-1 Well In PL 326, Norway
5.2.8 Dec 03, 2008: StatoilHydro Receives Drilling Permit For Wellbore 34/8-14 C In PL 120, Norway
5.2.9 Dec 01, 2008: StatoilHydro Receives Drill Permit For Wellbore 6605/1-1 In Production License 328, Norway
5.2.10 Dec 01, 2008: Shell Wins Drilling Permit For Wellbore 6603/12-1 In Production License 326, Norway
5.2.11 Dec 01, 2008: StatoilHydro Wins Drilling Permit For Wellbore 35/6-1S In Production License 376, Norway
5.2.12 Nov 26, 2008: StatoilHydro Wins Permit To Drill Four New Production Wells At Kvitebjorn, Norway
5.2.13 Nov 21, 2008: Revus Wins Permit From NPD To Explore Wellbore 33/9-21 S In PL 37 D, Norway
5.2.14 Nov 13, 2008: Noreco Wins Six Licenses In UK's 25th Oil And Gas Licensing Round
5.2.15 Nov 12, 2008: Total Wins NPD's Consent To Drill Wellbore 6506/9-1 In PL 211 B, Norway
5.2.16 Nov 07, 2008: Rocksource Submits Application For New Production Licenses In Norwegian 20th Licensing Round
5.2.17 Nov 07, 2008: Eni Submits IA Plan For Goliat Field's Operational Phase Development
5.2.18 Nov 07, 2008: Det norske Submits Applications For New Production Licenses In Norwegian 20th Licensing Round
5.2.19 Nov 07, 2008: StatoilHydro Submits Application For New Production Licenses In Norwegian 20th Licensing Round
5.2.20 Nov 03, 2008: StatoilHydro Wins Permit From NPD To Explore Wellbore 7125/4-2 Well In PL 393
5.2.21 Oct 30, 2008: Talisman Wins NPD Permit To Explore 2/1-13 S Well In North Sea
5.2.22 Oct 27, 2008: StatoilHydro Receives PSA Approval To Drill 30/8-4 S Well With Transocean Winner
5.2.23 Oct 20, 2008: DONG Submits Development Plan For Trym Field
5.2.24 Oct 16, 2008: StatoilHydro Receives PSA Approval To Drill 35/6-1 S Well With Ocean Vanguard
5.2.25 Oct 16, 2008: StatoilHydro Wins PSA Approval To Drill Well 6507/3-L2 H In Alve Field, Norway
5.2.26 Oct 15, 2008: StatoilHydro Receives Consent To Drill 34/7-34 Well At Vigdis Field, Norway
5.2.27 Oct 11, 2008: ExxonMobil Receives Consent To Drill 15/6-10 Well In PL 029B, Norway
5.2.28 Oct 11, 2008: Talisman Receives Consent To Drill 2/1-13S Well At PL 299 In Gyda Sor, North Sea
5.2.29 Oct 11, 2008: StatoilHydro Wins PSA Approval To Drill 30/5-3 S and 30/5-3 A Wells With Transocean Winner
5.2.30 Oct 11, 2008: StatoilHydro Receives PSA Approval To Drill 6605/1-1 Well Using Transocean Leader
5.2.31 Oct 06, 2008: StatoilHydro Receives Consent To Drill Two Wells In Barents Sea
5.2.32 Oct 03, 2008: Det norske Applies For Licenses In APA 2008
5.3 Strategy and Business Expansion
5.3.1 Dec 08, 2008: Wavefield Receives Letter Of Cancellation From StatoilHydro
5.3.2 Oct 01, 2008: ODT, Aibel Signs Cooperation Agreement For Drilling Upgrade Projects
5.4 Recent Discoveries
5.4.1 Nov 20, 2008: StatoilHydro Announces Gas Discovery At 6707/10-2 A Well In PL 218, Norway
5.4.2 Oct 31, 2008: StatoilHydro Announces Gas Discovery At Wildcat Well 7222/11-1 In Barents Sea, Norway
5.4.3 Oct 24, 2008: Endeavour Announces Discovery At 31/4-A-01 AT2 Well On Knockandoo Prospect In Brage Field, Norwegian North Sea
5.4.4 Oct 23, 2008: Noreco Discovers Oil At Knockandoo-Talisker Well In Brage Field, Norway
5.4.5 Oct 23, 2008: Endeavour Announces Results Of Noatun C Sidetrack Well In PL 107 In North Sea
5.4.6 Oct 22, 2008: StatoilHydro Discovers Oil And Gas At Pan/Pandora Prospect Of PL 120 In Visund Field In North Sea
5.4.7 Oct 16, 2008: StatoilHydro Encounters Gas At 6707/10-2S Well In Haklang Prospect, Norway
5.4.8 Oct 01, 2008: Revus Confirms Oil Discovery In PL 373 S, Jordbaer Central, Norway
5.5 Drilling and Production Updates
5.5.1 Dec 08, 2008: Noreco Completes Knockando Brent Well In Brage Field, Norway
5.5.2 Dec 05, 2008: StatoilHydro Completes Drilling 7125/4-2 Well In Barrents Sea, Norway
5.5.3 Dec 03, 2008: StatoilHydro Completes Drilling 34/8-14 A Well In PL 120 And 120 B, Norway
5.5.4 Dec 03, 2008: Noreco Provides Production Update
5.5.5 Nov 21, 2008: StatoilHydro To Plug And Abandon Wildcat Well 6507/6-3 In PL 212 C At Norway
5.5.6 Nov 14, 2008: Det norske Starts Drilling At Fulla Field In Norway
5.5.7 Nov 13, 2008: Lundin Commences Drilling At 16/1-10 Well In Luno Prospect, Offshore Norway
5.5.8 Oct 23, 2008: Faroe Updates On Norwegian Marsvin Exploration Well In PL289 In North Sea
5.5.9 Oct 23, 2008: Endeavour Announces Results Of Noatun C Sidetrack Well In PL 107 In North Sea
5.5.10 Oct 16, 2008: RWE Dea Updates On Its 2008 Drilling Campaign In Norway
5.5.11 Oct 08, 2008: StatoilHydro Drills 34/7-33 Well In PL 089, Norway
5.5.12 Oct 07, 2008: Det norske Plans To Drill Eitri Prospect In PL 027D, Norway
5.5.13 Oct 07, 2008: PA Resources Spuds 15/9-F-15 S Well At Volve South Prospect In Norway
5.5.14 Oct 06, 2008: Det norske Provides Production Update
5.5.15 Oct 06, 2008: StatoilHydro To Commence Drilling At Gjoa Field In November 2008
5.5.16 Oct 03, 2008: Faroe Updates On East Breagh Exploration Well
5.5.17 Oct 03, 2008: StatoilHydro Schedules Production Shutdown At Snohvit Field
5.5.18 Oct 01, 2008: Noreco Provides September 2008 Production Update
5.6 Other Significant Developments
5.6.1 Nov 13, 2008: NPD Averages Petroleum Production From Norwegian Continental Shelf
5.6.2 Nov 12, 2008: NPD To Focus More On Improved Oil Refinery In Norwegian Shelf
5.6.3 Nov 10, 2008: StatoilHydro Announces Executive Changes
5.6.4 Nov 07, 2008: PSA Conducts Audit Of Drilling Systems And Maintenance Management On Deepsea Atlantic In Korea
5.6.5 Nov 04, 2008: Talisman Updates On Its North Sea Subsea Projects
5.6.6 Oct 10, 2008: NCS' Average Oil Production At 2.1MM BOPD For August 2008
5.6.7 Oct 10, 2008: StatoilHydro Updates On Dagny Discovery In Norwegian North Sea
5.6.8 Oct 09, 2008: NPD To Acquire 3D Seismic For Nordland VII, Troms II In 2009
5.6.9 Oct 07, 2008: Norway To Increase Oil And Gas Output By 3.8% In 2009
5.6.10 Oct 07, 2008: StatoilHydro Announces Executive Changes
6 Appendix
6.1 Methodology
6.1.1 Coverage
6.1.2 Secondary Research
6.1.3 Primary Research
6.1.4 Expert Panel Validation
6.2 Contact Us
6.3 About GlobalData
6.4 Disclaimer
1.1 List of Tables
Table 1: PA Resources Sells PA Resources Norway To Bayerngas Norge For $220 Million
Table 2: Wintershall Holding Receives Approval From Norwegian Competition Authority And UK Department Of Energy To AcquireRevus Energy
Table 3: Lundin Petroleum Acquires Interest In Revus Energy
Table 4: INEOS To Enter Into Partnership With Puralube Nordic
Table 5: Det Norske Receives Approval To Sell 10% Interest In Production Licenses 316
Table 6: Centrica Acquires Operated Gas And Oil Assets In Norway
Table 7: Revus Energy To Farm-out 30% Interest In PL 344 To Spring Energy
Table 8: Det Norske Sell Its 15% Interest In Goliat Discovery
Table 9: Det Norske To Acquire 10% Interest In PL 102 From StatoilHydro
Table 10: AOC Acquires Stake In Mining Areas In Norway From Talisman Energy And DONG Energy
1.2 List of Figures
Figure 1: Norway, Production and Consumption ,Mbbls/d, 1996-2007
Figure 2: Norway, Announced Blocks In 20th Licensing Round
Figure 3: GlobalData Methodology
1.1 List of Tables
1.2 List of Figures
2 GlobalData View Point
2.1 Summary
3 Norway’s 20th Licensing Round: Will It Reverse the Downtrend of Investment in the Ageing Norwegian Oil Industry
3.1 Waning Norwegian petroleum production and exports
3.2 Norway’s 20th Licensing Round: 79 blocks offered, attracted 46 companies
3.3 Mature Areas Expected To Attract the Attention of Smaller Companies and the Larger Companies Might Focus On Unexplored Areas
3.4 No significant impact expected on the growth in oil production as some of the high potential areas are still closed for investment
3.5 Conclusion
4 Financial Deals Landscape
4.1 Detailed Deal Summary
4.1.1 Acquisition
4.1.2 Partnerships
4.1.3 Asset Transactions
5 Recent Developments
5.1 License Rounds
5.1.1 Nov 07, 2008: 46 Companies Apply For New Licenses In Norwegian Continental Shelf
5.1.2 Nov 03, 2008: 79 Blocks Up For Bids In Norwegian Shelf Licensing Round
5.2 License Awards
5.2.1 Dec 08, 2008: StatoilHydro Receives Operatorship In Third Faroese Licensing Round
5.2.2 Dec 08, 2008: Faroe Receives Two New Licenses In Faroese Third Licensing Round
5.2.3 Dec 05, 2008: StatoilHydro Receives Drilling Permit For Wellbore 7223/5-1 In PL 228, Norway
5.2.4 Dec 05, 2008: Total Wins Consent To Drill Well 6506/9-1 In Norwegian Sea Using West Phoenix
5.2.5 Dec 05, 2008: Total Receives Approval For Victoria Well 6506/9-1 In Norway
5.2.6 Dec 05, 2008: StatoilHydro Wins Consent To Use Bideford Dolphin On Oseberg Sor J Structure In Norway
5.2.7 Dec 05, 2008: Shell Wins Consent To Use Leiv Eriksson For Drilling 6603/12-1 Well In PL 326, Norway
5.2.8 Dec 03, 2008: StatoilHydro Receives Drilling Permit For Wellbore 34/8-14 C In PL 120, Norway
5.2.9 Dec 01, 2008: StatoilHydro Receives Drill Permit For Wellbore 6605/1-1 In Production License 328, Norway
5.2.10 Dec 01, 2008: Shell Wins Drilling Permit For Wellbore 6603/12-1 In Production License 326, Norway
5.2.11 Dec 01, 2008: StatoilHydro Wins Drilling Permit For Wellbore 35/6-1S In Production License 376, Norway
5.2.12 Nov 26, 2008: StatoilHydro Wins Permit To Drill Four New Production Wells At Kvitebjorn, Norway
5.2.13 Nov 21, 2008: Revus Wins Permit From NPD To Explore Wellbore 33/9-21 S In PL 37 D, Norway
5.2.14 Nov 13, 2008: Noreco Wins Six Licenses In UK's 25th Oil And Gas Licensing Round
5.2.15 Nov 12, 2008: Total Wins NPD's Consent To Drill Wellbore 6506/9-1 In PL 211 B, Norway
5.2.16 Nov 07, 2008: Rocksource Submits Application For New Production Licenses In Norwegian 20th Licensing Round
5.2.17 Nov 07, 2008: Eni Submits IA Plan For Goliat Field's Operational Phase Development
5.2.18 Nov 07, 2008: Det norske Submits Applications For New Production Licenses In Norwegian 20th Licensing Round
5.2.19 Nov 07, 2008: StatoilHydro Submits Application For New Production Licenses In Norwegian 20th Licensing Round
5.2.20 Nov 03, 2008: StatoilHydro Wins Permit From NPD To Explore Wellbore 7125/4-2 Well In PL 393
5.2.21 Oct 30, 2008: Talisman Wins NPD Permit To Explore 2/1-13 S Well In North Sea
5.2.22 Oct 27, 2008: StatoilHydro Receives PSA Approval To Drill 30/8-4 S Well With Transocean Winner
5.2.23 Oct 20, 2008: DONG Submits Development Plan For Trym Field
5.2.24 Oct 16, 2008: StatoilHydro Receives PSA Approval To Drill 35/6-1 S Well With Ocean Vanguard
5.2.25 Oct 16, 2008: StatoilHydro Wins PSA Approval To Drill Well 6507/3-L2 H In Alve Field, Norway
5.2.26 Oct 15, 2008: StatoilHydro Receives Consent To Drill 34/7-34 Well At Vigdis Field, Norway
5.2.27 Oct 11, 2008: ExxonMobil Receives Consent To Drill 15/6-10 Well In PL 029B, Norway
5.2.28 Oct 11, 2008: Talisman Receives Consent To Drill 2/1-13S Well At PL 299 In Gyda Sor, North Sea
5.2.29 Oct 11, 2008: StatoilHydro Wins PSA Approval To Drill 30/5-3 S and 30/5-3 A Wells With Transocean Winner
5.2.30 Oct 11, 2008: StatoilHydro Receives PSA Approval To Drill 6605/1-1 Well Using Transocean Leader
5.2.31 Oct 06, 2008: StatoilHydro Receives Consent To Drill Two Wells In Barents Sea
5.2.32 Oct 03, 2008: Det norske Applies For Licenses In APA 2008
5.3 Strategy and Business Expansion
5.3.1 Dec 08, 2008: Wavefield Receives Letter Of Cancellation From StatoilHydro
5.3.2 Oct 01, 2008: ODT, Aibel Signs Cooperation Agreement For Drilling Upgrade Projects
5.4 Recent Discoveries
5.4.1 Nov 20, 2008: StatoilHydro Announces Gas Discovery At 6707/10-2 A Well In PL 218, Norway
5.4.2 Oct 31, 2008: StatoilHydro Announces Gas Discovery At Wildcat Well 7222/11-1 In Barents Sea, Norway
5.4.3 Oct 24, 2008: Endeavour Announces Discovery At 31/4-A-01 AT2 Well On Knockandoo Prospect In Brage Field, Norwegian North Sea
5.4.4 Oct 23, 2008: Noreco Discovers Oil At Knockandoo-Talisker Well In Brage Field, Norway
5.4.5 Oct 23, 2008: Endeavour Announces Results Of Noatun C Sidetrack Well In PL 107 In North Sea
5.4.6 Oct 22, 2008: StatoilHydro Discovers Oil And Gas At Pan/Pandora Prospect Of PL 120 In Visund Field In North Sea
5.4.7 Oct 16, 2008: StatoilHydro Encounters Gas At 6707/10-2S Well In Haklang Prospect, Norway
5.4.8 Oct 01, 2008: Revus Confirms Oil Discovery In PL 373 S, Jordbaer Central, Norway
5.5 Drilling and Production Updates
5.5.1 Dec 08, 2008: Noreco Completes Knockando Brent Well In Brage Field, Norway
5.5.2 Dec 05, 2008: StatoilHydro Completes Drilling 7125/4-2 Well In Barrents Sea, Norway
5.5.3 Dec 03, 2008: StatoilHydro Completes Drilling 34/8-14 A Well In PL 120 And 120 B, Norway
5.5.4 Dec 03, 2008: Noreco Provides Production Update
5.5.5 Nov 21, 2008: StatoilHydro To Plug And Abandon Wildcat Well 6507/6-3 In PL 212 C At Norway
5.5.6 Nov 14, 2008: Det norske Starts Drilling At Fulla Field In Norway
5.5.7 Nov 13, 2008: Lundin Commences Drilling At 16/1-10 Well In Luno Prospect, Offshore Norway
5.5.8 Oct 23, 2008: Faroe Updates On Norwegian Marsvin Exploration Well In PL289 In North Sea
5.5.9 Oct 23, 2008: Endeavour Announces Results Of Noatun C Sidetrack Well In PL 107 In North Sea
5.5.10 Oct 16, 2008: RWE Dea Updates On Its 2008 Drilling Campaign In Norway
5.5.11 Oct 08, 2008: StatoilHydro Drills 34/7-33 Well In PL 089, Norway
5.5.12 Oct 07, 2008: Det norske Plans To Drill Eitri Prospect In PL 027D, Norway
5.5.13 Oct 07, 2008: PA Resources Spuds 15/9-F-15 S Well At Volve South Prospect In Norway
5.5.14 Oct 06, 2008: Det norske Provides Production Update
5.5.15 Oct 06, 2008: StatoilHydro To Commence Drilling At Gjoa Field In November 2008
5.5.16 Oct 03, 2008: Faroe Updates On East Breagh Exploration Well
5.5.17 Oct 03, 2008: StatoilHydro Schedules Production Shutdown At Snohvit Field
5.5.18 Oct 01, 2008: Noreco Provides September 2008 Production Update
5.6 Other Significant Developments
5.6.1 Nov 13, 2008: NPD Averages Petroleum Production From Norwegian Continental Shelf
5.6.2 Nov 12, 2008: NPD To Focus More On Improved Oil Refinery In Norwegian Shelf
5.6.3 Nov 10, 2008: StatoilHydro Announces Executive Changes
5.6.4 Nov 07, 2008: PSA Conducts Audit Of Drilling Systems And Maintenance Management On Deepsea Atlantic In Korea
5.6.5 Nov 04, 2008: Talisman Updates On Its North Sea Subsea Projects
5.6.6 Oct 10, 2008: NCS' Average Oil Production At 2.1MM BOPD For August 2008
5.6.7 Oct 10, 2008: StatoilHydro Updates On Dagny Discovery In Norwegian North Sea
5.6.8 Oct 09, 2008: NPD To Acquire 3D Seismic For Nordland VII, Troms II In 2009
5.6.9 Oct 07, 2008: Norway To Increase Oil And Gas Output By 3.8% In 2009
5.6.10 Oct 07, 2008: StatoilHydro Announces Executive Changes
6 Appendix
6.1 Methodology
6.1.1 Coverage
6.1.2 Secondary Research
6.1.3 Primary Research
6.1.4 Expert Panel Validation
6.2 Contact Us
6.3 About GlobalData
6.4 Disclaimer
1.1 List of Tables
Table 1: PA Resources Sells PA Resources Norway To Bayerngas Norge For $220 Million
Table 2: Wintershall Holding Receives Approval From Norwegian Competition Authority And UK Department Of Energy To AcquireRevus Energy
Table 3: Lundin Petroleum Acquires Interest In Revus Energy
Table 4: INEOS To Enter Into Partnership With Puralube Nordic
Table 5: Det Norske Receives Approval To Sell 10% Interest In Production Licenses 316
Table 6: Centrica Acquires Operated Gas And Oil Assets In Norway
Table 7: Revus Energy To Farm-out 30% Interest In PL 344 To Spring Energy
Table 8: Det Norske Sell Its 15% Interest In Goliat Discovery
Table 9: Det Norske To Acquire 10% Interest In PL 102 From StatoilHydro
Table 10: AOC Acquires Stake In Mining Areas In Norway From Talisman Energy And DONG Energy
1.2 List of Figures
Figure 1: Norway, Production and Consumption ,Mbbls/d, 1996-2007
Figure 2: Norway, Announced Blocks In 20th Licensing Round
Figure 3: GlobalData Methodology
