Germany Oil and Gas Report - Business Monitor International - Industry Reports

Germany Oil and Gas Report

Germany Oil and Gas Report - Business Monitor International - Industry Reports
Germany Oil and Gas Report
Published Oct 08, 2016
72 pages — Published Oct 08, 2016
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On April - ----, Germany s cabinet approved a new draft law imposing tough barriers on hydraulic fracturing on shale gas. The law could permit commercial shale gas fracking in special cases from ----, but only after successful test drilling and the approval of a special committee. ...Exploratory drilling was expected in ----, though this has stalled due to political opposition and a prioritisation of higher-value projects. ExxonMobil was among the companies keen to press ahead with the search for shale gas in Germany, the company initially planned to invest some USD---mn into exploration in North-Rhine Westphalia, with a potential further USD-bn in the country as a whole. CEO Rex Tillerson publicly announced that fiscal and regulatory restrictions are the main reason behind the slow progress in its German operations. ...There is an absence of notable projects to monetise such reserves as part of wider debate over the environmental costs of unconventional gas production; however, a previous study estimated potential in resources of coal-bed methane (CBM) at -tcm. There is limited data for recoverable resource estimates, but

...The active rig count ticked up over the early part of ----. According to Baker Hughes, the rig count in Germany rose to seven in January and February ----, up from between two and three a month over ----. ...The German North Sea is unlikely to see major new exploration activity in the current oil price environment. There is some upside from planned exploration targeting the former East Germany, where one Germany-based explorer Central European Petroleum (CEP) is targeting once-lucrative but now largely abandoned oil fields in the former East. That said, there has been no tangible traction on these projects with oil prices at the current level. ...The company is conducting -D seismic and geophysical surveys in these blocks in the hope of discovering oil.

...The latest updates and key forecasts in Germany s oil and gas sector are: The number of drilling rigs in use has averaged - as of August ----, according to Baker Hughes. Crude, condensate and NGL production for ---- is expected to remain on par with ---- levels, benefiting from enhanced recovery techniques rather than new fields coming online. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Germany Oil and Gas Report" Oct 08, 2016. Alacra Store. Oct 28, 2016. <>
Business Monitor International - Industry Reports. (2016). Germany Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Oct 28, 2016 from <>
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