In light of this information, Rystad Energy gathered its Oil Markets team to update their 2019 production forecasts for several North Sea fields. The update goes as followed:

  • Brent Ninian Blend

Brent Ninian Blend production will periodically slide again over the year, falling to around 80.000 bpd by December 2019.

  • Forties Blend

This year’s trough of Forties Blend production will be at 270,000 bpd for August 2019. Less turnaround activity is expected this year than historically observed.

  • Oseberg Blend

Oseberg Blend production rises to 129.000 bpd for December 2019, from 104.000 bpd for December 2018. No significant maintenance activity is expected.

  • Ekofisk Blend

A major turnaround campaign is expected at the Greater Ekofisk Area (GEA) and other Ekofisk Blend feeding fields in June 2019. Historically, GEA fields had maintenance every three years in June, during which time the fields are closed for most of the month. Other fields, such as J-Block, have maintenance every year, often occurring in June as well. The impact of maintenance on the other fields tends to be greater during years when GEA undergoes maintenance. It will impact output by 220,000 bpd.

  • Troll Blend

Production will increase to 207.000 bpd in December 2019, from 181.000 bpd in December 2018.

  • New fields

Projects that started up since 2017, or are scheduled to come online, will produce more than 1 million bpd by December 2020, representing an increase of almost 700,000 bpd from December 2018. Net impact will be around 400,000 bpd.

  • API Gravity

The OilMarketCube, which provides a complete field-by-field overview, shows the average API of North Sea oil output gradually declining to 34° by December 2020. New projects will have an average API of 27°.