Europe Oil and Gas Construction Projects Insight and Trends

Market Research Hub includes new market research report "Europe Oil and Gas Construction Projects Insight and Trends" to its huge collection of research reports. 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.

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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.

Summary

Timetrics 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.

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Scope

- 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.

Reasons To Buy

- Gain insight into main drivers of activity and forecasts for the oil and gas construction sector.- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.

- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.

Key Highlights

 - The highest value of projects are at the execution stage, with US$227.4 billion, followed by projects at the pre-execution stage with US$65.2 billion.
- Projects in the planning stage amount to US$51.8 billion, while projects in the pre-planning stage account for US$38.3 billion.

- Russia accounts for highest value of oil and gas projects with US$205.1 billion.

- Private investment is responsible for funding the highest proportion of projects, with 52%, with joint public and private funding at 37% and only 11% of projects financed solely by public funding.

- Assuming all projects tracked go ahead as planned, annual spending on the projects would reach US$81.1 billion in 2019.

- The top contractor in the region is LLC Stroytransgaz-M followed by Technip SA

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This release was published on openPR.