Project Insight - Oil and Gas Construction Projects: Europe
Europe’s oil and gas industry is mature compared to some developing regions, although the emergence of Russia as a global force and exporter of natural gas is a phenomenon which has gathered pace since the early 1990s.
According to recent studies, UK North Sea oil and gas reserves may only last another decade unless new fields are found and developed, with the onshore fracking industry unlikely to make up much of the shortfall.
This report provides detailed analysis, information and insights based on 188 CIC projects in Europe, including detailed metrics on the region's oil and gas construction projects (as tracked by CIC) split by country and value and by type of project, pipeline, refinery etc. Country profiles are provided for the top 10 countries including Russia, Norway and the UK.
Timetric’s Construction Intelligence Center (CIC) is currently tracking oil and gas construction projects in Europe with a total value of US$382.7 billion. Of this, US$227.4 billion is in the execution stage.
Russia accounts for the highest value with US$205.1 billion, followed by Norway with projects valuing US$62.6 billion. The UK and Ukraine follow with oil and gas projects with a value of US$30.6 billion and US$11.8 billion respectively.
Europe's highest project investment is in pipelines with a value of US$130.4 billion followed by production facilities with a value of US$100.8 billion. The largest projects currently in execution are the US$70.0 billion Power of Siberia Gas Fields and Transmission System Development in Russia and the US$28.6 billion Johan Sverdrup Oil Field Development in Norway.
The report provides analysis based on CIC projects showing total project values for Europe and analysis by stage and funding for the top 10 countries.
The top 50 projects are listed for the region giving country, stage, value and cu mt per day capacity if known.
Values by six types of project categories are given, e.g. refinery buildings and, pipelines.
Ranked listings of the top participants for the sector are also provided showing the leading contractors, consulting engineers and project owners.
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