THE CZECH REPUBLIC

(in Eastern Europe)

CAPITAL: PRAGUE

POPULATION: 11 mm

AREA (on): 78,900 km2

OIL PEAK: 1953

SUPPLY

An extension of the Vienna basin of Austria is the site of all of the Czech Republicís oil and gas production. Output is generally in long term decline after years of modest production since 1919.

 

DEMAND

The economy of the Czech Republic has expanded before and after its entry into the European Union in 2004 and oil and gas consumption grew sharply up to 2005. However, after dipping in 2007, output is now expected to remain flat until it begins to fall after 2016, when higher prices quell demand.

Whilst consumption increases and production declines, imports of both oil and gas have risen. Oil imports have now peaked but gas demand and imports from the Former Soviet Union are likely to begin rising again.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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