1. Executive Summary
1.1 The Global Advanced Oil & Gas Exploration Technologies Market
1.2 Regional Variations in the Advanced Oil & Gas Exploration Technologies Market
1.3 Submarkets of the Advanced Oil & Gas Exploration Technologies Market
1.4 Summary of Drivers and Restraints of the Advanced Oil & Gas Exploration Technologies Market
2. Introduction to the Advanced Oil & Gas Exploration Technologies Market
2.1 Oil & Gas Markets in 2010
2.2 History of the Exploration Market
2.2.1 Seismic Exploration
2.2.2 Controlled-Source Electromagnetics (CSEM)
2.2.3 Remote Sensing
2.3 The Advanced Exploration Market in 2010
2.3.1 The Seismic Exploration Market
2.3.2 The Marine Electromagnetics (CSEM) Market
2.3.3 The Remote Sensing Market
2.4 The Advanced Exploration Market Outlook
2.4.1 The Short-Term Outlook
2.4.2 The Medium-Term Outlook
2.4.3 The Long-Term Outlook
2.5 Scope of this Report
2.6 Benefits of this Report
2.7 Methodology
3. The Global Advanced Oil & Gas Exploration Technologies Market
3.1 The Oil and Gas Outlook
3.2 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
3.2.1 Seismic Exploration Technologies Market Forecast 2010-2020
3.2.2 CSEM Exploration Technologies Market Forecast 2010-2020
3.2.3 Remote Sensing Technologies Market Forecast 2010-2020
3.3 Drivers and Restraints of the Global Advanced Oil & Gas Exploration Technologies Market
3.4 Drivers
3.4.1 Oil & Gas Prices and Related Factors
3.5 Restraints
3.5.1 Current Financial Conditions
3.5.2 Aggressive Patenting
3.5.3 Conservative Oil and Gas Companies
3.5.4 Limited Supply of Skilled Employees
3.5.5 Unfamiliarity of CSEM Data
4. Regional Advanced Oil & Gas Exploration Technologies Markets
4.1 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.2 North American Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.3 African Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.4 CIS Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.5 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.6 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.7 European Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
5. Exploration Methods
5.1 Seismic
5.1.1 Land Seismic
5.1.2 Marine Seismic
5.1.3 Modern Seismic Imaging
5.1.4 Three-dimensional (3D) Seismic Imaging
5.1.5 Two-dimensional (2D) Seismic Imaging
5.1.6 Four-dimensional (4D) Seismic Imaging
5.2 Non-Seismic Methods
5.2.1 Remote Sensing
5.2.1.1 Magnetometric Remote Sensing
5.2.1.2 Gravimetric Remote Sensing
5.2.2 Electromagnetics (EM)
5.2.2.1 Controlled-Source Electromagnetics (CSEM)
5.2.2.2 Magnetotellurics (MT)
5.2.2.3 Induced Polarisation (IP)
6. Contemporary Innovations in Oil & Gas Exploration
6.1 Multi-Azimuth (MAZ) Seismic
6.2 Wide Azimuth (WAZ) Seismic
6.3 Rich Azimuth (RAZ) Seismic
6.4 Multi-Component Seismic
6.5 Towed Streamer CSEM
6.6 Dual Sensor Streamers
6.7 Simultaneous Source Acquisition
7. SWOT Analysis of the Advanced Oil & Gas Exploration Technologies Market 2010-2020
7.1 Strengths
7.1.1 The Oil Price
7.1.2 Oil Demand
7.1.3 Reservoir Complexity
7.2 Weaknesses
7.2.1 Price Volatility
7.2.2 Multi-Client Operations
7.2.3 Contract Operations
7.2.4 Currency Fluctuations
7.2.5 Seasonality
7.2.6 High Fixed Cost
7.2.7 Hazardous Operating Conditions
7.2.8 Intense Competition
7.3 Opportunities
7.3.1 Technological Change
7.3.2 Niche Markets
7.4 Threats
7.4.1 Regulation & Government Policy
7.4.2 Political Instability
7.4.3 Technological Change
7.4.4 Legal Challenges
8. Expert Opinion
8.1 PetroMarker AS
8.1.1 CSEM in the North Sea
8.1.2 Current Operations
8.1.3 The CSEM Market is Recovering
8.1.4 CSEM is a Complement to Seismic
8.1.5 CSEM Still More Expensive Than Seismic
8.1.6 CSEM is Still a Niche Market
8.1.7 Perceptions are Restraining the Market
8.1.8 CSEM Demand is Still Weak
8.1.9 PetroMarker's Methods Particularly Suited to Reservoir Monitoring
8.1.10 2012 Will See CSEM Booming Once More
8.2 Reservoir Exploration Technology ASA (RXT)
8.2.1 The RXT Product
8.2.2 Flaws in the POBC Business Model
8.2.3 Rapid Growth Forecast for OBC
8.2.4 OBC Ideal in Obstructed Areas
8.2.5 RXT's Current Operations
8.2.6 Growth Waiting on the Oil & Gas Companies
8.2.7 The RXT Fleet
8.2.8 Deepwater Specialists
8.2.9 OBC Technology is Improving Rapidly
8.2.10 Deepwater Horizon Could Have a Positive Effect on Exploration
8.3 Stingray Geophysical Ltd.
8.3.1 Stingray's Fibre-Optic Solution
8.3.2 LoF Seismic Still in Early Stages
8.3.3 Competitors in the LoFS Space
8.3.4 Why LoF Seismic Will Grow
8.3.5 LoFS Systems Will Become Standard on Major Fields
8.3.6 A New Planning Mindset is Required
8.3.7 Specialisation is Stingray's Competitive Advantage
8.3.8 Oil & Gas Companies Need a Long-Term Perspective
8.3.9 Field Testing has been Successful
8.3.10 Stingray Expects to Deploy Commercial Systems within the Next Two Years
8.4 Scotforth Ltd.
8.4.1 Origins of the Company
8.4.2 Analysing Spectral Luminosity
8.4.3 The Remote Sensing Market
8.4.4 Outlook for Scotforth
9. Leading Companies in the Advanced Oil & Gas Exploration Technologies Market
9.1 The 'Big Three' Exploration Companies
9.1.1 CGGVeritas S.A.
9.1.2 Petroleum Geo-Services ASA (PGS)
9.1.3 WesternGeco
9.2 Major Exploration Companies
9.2.1 BGP Inc.
9.2.2 Dawson Geophysical Company
9.2.3 Fugro N.V.
9.2.4 Geokinetics Inc.
9.2.5 Seitel Inc.
9.2.6 TGS-Nopec Geophysical Company L.P.
9.3 Smaller Exploration Companies
9.3.1 Bergen Oilfield Services AS
9.3.2 Challenger Geophysical Ltd.
9.3.3 MultiClient Geophysical AS
9.3.4 Polarcus Ltd.
9.3.5 Reflect Geophysical Pte Ltd.
9.3.6 SeaBird Exploration Norway AS
9.3.7 Shiv-Vani Oil & Gas Exploration Services Ltd.
9.3.8 Spectrum-ASA
9.3.9 Offshore Geo-Survey Works Sdn Bhd
9.3.10 TGC Industries, Inc.
9.3.11 WGP Group
9.4 Specialist Seismic Companies
9.4.1 ARIS Geophysical Ltd.
9.4.2 Reservoir Exploration Technology ASA (RXT)
9.4.3 Stingray Geophysical Ltd.
9.5 Specialist Marine EM Companies
9.5.1 Electromagnetic Geoservices ASA (EMGS)
9.5.2 Offshore Hydrocarbon Mapping plc (OHM)
9.5.3 PetroMarker AS
9.6 Remote Sensing Companies
9.6.1 ARKeX Ltd.
9.6.2 NPA Satellite Mapping (now Fugro-NPA)
9.6.3 Scotforth Ltd.
9.6.4 Terra Energy & Resource Technologies Inc.
9.6.5 TTI Production
10. Conclusions
10.1 High Growth Regional Advanced Oil & Gas Exploration Technologies Markets
10.2 Medium-growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.3 Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.4 Very Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.5 Observations on the Oil & Gas Outlook
10.6 Technological Trends in the Advanced Oil & Gas Exploration Technologies Market
10.7 Concluding Observations on the Global Advanced Oil & Gas Exploration Technologies Market
11. Glossary
List of Tables
Table 1.1 Drivers and Restraints of the Advanced Oil & Gas Exploration Technologies Market
Table 3.1 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020 ($m, AGR %)
Table 3.2 Global Advanced Oil & Gas Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.3 Advanced Oil & Gas Exploration Technologies Submarket Forecasts 2010-2020 ($m, AGR %)
Table 3.4 Seismic Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 3.5 Seismic Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.6 CSEM Exploration Technologies Market Forecast, 2010-2020 ($m, AGR%)
Table 3.7 CSEM Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.8 Remote Sensing Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 3.9 Remote Sensing Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.10 Drivers and Restraints of the Global Advanced Oil & Gas Exploration Technologies Market
Table 4.1 Regional Advanced Oil & Gas Exploration Technologies Market Forecasts, 2010-2020 ($m, AGR %)
Table 4.2 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.3 Asia-Pacific Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.4 North American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.5 North American Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.6 African Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.7 African Advanced Oil & Gas Exploration Technologies Market CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.8 CIS Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.9 CIS Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.10 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.11 Middle Eastern Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.12 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.13 Latin American Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.14 European Advanced Oil & Gas Exploration Technologies Market Forecast, 2009-2020 ($m, AGR %)
Table 4.15 European Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 7.1 SWOT Analysis of the Advanced Oil & Gas Exploration Technologies Market 2010-2020
Table 9.1 Fugro Geosciences Revenue, 2007-2008 ($m)
List of Figures
Figure 1.1 Comparative Regional Advanced Oil & Gas Exploration Technologies Markets, 2010 ($m)
Figure 1.2 Comparative Regional Advanced Oil & Gas Exploration Technologies Market CAGRs, 2010-2020 (%)
Figure 2.1 Oil Prices, 1989-2010 ($/b)
Figure 2.2 Monthly Crude Oil Prices, January 2009-November 2011 ($/b)
Figure 2.3 Composite Wellhead Natural Gas Prices, January 2006-October 2011 ($/MCF)
Figure 2.4 Seismic Exploration Activity by Region, 2009 (%)
Figure 3.1 Regional Oil Demand Forecasts, 2009-2014 (mb/d)
Figure 3.2 Regional Oil Production Forecasts, 2006-2035 (mb/d)
Figure 3.3 Regional Natural Gas Production Forecasts 2007-2035 (TCF)
Figure 3.4 Regional Oil Liquids Consumption Forecasts, 2005-2035 (mb/d)
Figure 3.5 Regional Natural Gas Consumption Forecasts, 2005-2035 (TCF)
Figure 3.6 Oil Price Forecasts 2009-2020 (2008 $/b)
Figure 3.7 Gas Price Forecast 2009-2020 (2008 $/MCF)
Figure 3.8 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020 ($m)
Figure 3.9 Advanced Oil & Gas Exploration Technologies Submarket Share, 2010 (%)
Figure 3.10 Advanced Oil & Gas Exploration Technologies Submarket Share, 2020 (%)
Figure 3.11 Seismic Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 3.12 CSEM Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 3.13 Logarithmic Scale of Exploration Technologies Submarket Forecasts, 2010-2020 ($m)
Figure 3.14 Remote Sensing Technologies Market Forecast, 2010-2020 ($m)
Figure 4.1 Regional Advanced Oil & Gas Exploration Technologies Market Forecasts, 2010-2020 ($m)
Figure 4.2 Regional Advanced Oil & Gas Exploration Technologies Market Share, 2010 (%)
Figure 4.3 Regional Advanced Oil & Gas Exploration Technologies Market Share, 2020 (%)
Figure 4.4 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.5 Asia-Pacific Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.6 North American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.7 North American Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.8 African Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.9 African Oil & Gas Production Forecasts 2006-2020 (mb/d, TCF)
Figure 4.10 CIS Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.11 CIS Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.12 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.13 Middle Eastern Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.14 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.15 Latin American Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.16 European Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.17 European Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 7.1 Oil Prices, September 2007-July 2009 ($/b)
Figure 9.1 CGGVeritas Total Revenue Share by Business Segment, 2009 (%)
Figure 9.2 CGGVeritas Revenue, 2005-2009 ($m)
Figure 9.3 CGGVeritas Revenue by Business Segment, 2007-2009 ($m)
Figure 9.4 CGGVeritas Total Revenue Share by Region, 2009 (%)
Figure 9.5 PGS Operations by Business Segment, 2009 (%)
Figure 9.6 PGS Revenues by Business Segment, 2007-2009, ($'000)
Figure 9.7 WesternGeco Revenue, 2005-2009 ($m)
Figure 9.8 Dawson Geophysical Revenue, 2007-2009 ($m)
Figure 9.9 Geokinetics Revenue, 2005-2009 ($m)
Figure 9.10 Seitel Revenues, 2005-2009 ($m)
Figure 9.11 TGS-Nopec Revenue, 2005-2009 ($m)
Figure 9.12 Seabird Exploration Revenue, Q3 2008-Q1 2010 ($m)
Figure 9.13 TGC Industries Revenue, 2005-2009 ($m)
Figure 9.14 EMGS Revenues by Business Segment, 2008-2009 ($m)
Figure 9.15 EMGS Revenue by Region, 2008 (Interior) & 2009 (Exterior) (%)
Figure 9.16 OHM Revenue by Division, 2008-2009 ($'000)