GERMANY

(in North West Europe)

CAPITAL: BERLIN

POPULATION: 83 mm

AREA (on): 357,000 km2

OIL PEAK: 1968

SUPPLY

Germany produces oil and gas from 3 regions the northwest bordering the North Sea, the Alpine foreland, and modest amounts from the upper Rhine graben.

Production of oil peaked in 1968 and, despite intensive efforts to recover greater amounts of oil from its aging fields and to develop its offshore region, which saw some growth owing to output from the Mittelplate field in the last decade, overall decline has generally continued. There is no chance that this can be reversed over the long term.

Gas production peaked in the 1970s and was at plateau for many years but is now falling.

 

DEMAND

Germany is one of the biggest consumers of oil in the world. It imports most of its oil and consumption is unlikely to increase significantly after the dip that commenced in 2007. High prices and the recession have quelled demand growth and the country is looking to reduce its dependence on oil.

Germany also imports significant volumes of gas from Western Europe and Russia. Gas consumption will increase slowly, primarily directed at fuel substitution and the need for cleaner burn strategies in producing electricity.

 

 
 

 

 

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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