The operators on the Norwegian shelf is now projected investment in the industries oil and gas via pipelines to be 165.9 billion kroner for 2016. This is 1.1 percent lower than the corresponding estimate for 2016 given in Q1, reports SSB.
the estimate represents a fall of 14.8 percent compared with the corresponding figure for 2015.
the reduction from 2015 in all investment areas, but it is clearly highest in the categories of fields operation and Development.
fields is now estimated that 70.6 billion kroner – 12.6 percent lower than the corresponding estimate for 2015.
the investments for exploration activity in 2016 are now estimated 22.3 billion. This is the entire 30.1 per cent lower than the estimate for 2015 given in the 2nd quarter of 2015.
2017
According to SSB estimated investment in the industries oil and gas via pipelines to be 153.2 billion kroner for 2017.
It is 18.7 percent lower than the corresponding estimate for 2016 given in the 2nd quarter of 2015.
It’s the SSB reason to interpret the sharp decline indicated from 2016 to 2017 with caution.
“from the measurement in Q2 2015 to test now in Q2 2016 has the projection for 2016 gradually fell from 188.4 billion to 165, 9 billion. most of the decline has come in exploration activities, “writes SSB.
” Historical figures show that the projections in the first three quarters of statistics estimates cycle tends to underestimate the ultimate investment, but a declining . Moreover, investments in the first three estimates in the investment year overestimated, progressively, until the survey in Q3, before declining somewhat in the final estimate for Q4, “says the report –
SSB notes that estimate development for the 2016 altsåså far is very different to that seen with a normal year.
“This may be related to oil price decline in autumn 2015 and winter 2016. There is reason to believe that an evolution 2017 become more like a normal year than estimated trend for 2016 so far. It is therefore not unlikely that the decline from 2016 to 2017 will be less than that indicated in the survey now. “
Exploration investment in 2017 is expected to be 26.7 billion, while investments in field development stated to be NOK 47.1 billion. the investments in fields on stream in 2017 is estimated at 62.7 billion crowns.
Total investments
Total investments in oil and gas, manufacturing, mining and electricity supply in 2016 is estimated at 216.5 billion kroner measured in current value. the estimate is 9.9 percent lower than the corresponding figure for 2015. the decline was due to a sharp drop of 14.8 percent in the oil and gas industry. the decline in 2016 curbed by increased investments in both power generation and industry, SSB writes in his report.
for 2017 estimated the total investment in the first estimate to 200.6 billion crowns. This is 14.6 percent lower than the corresponding estimate for 2016, which was granted in Q2 2015.
the decrease in 2017 is due to the that it is now indicated a drop in oil and gas and related industries. The reduction in the total investments in 2017 dampened somewhat by increased investments in the power supply, according to Statistics Norway
Read more at SSB.
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