Report Details
Soaring oil prices and a perpetually increasing global demand for energy are creating a ripe environment for the oil & gas exploration & production E&P industry to increase its spending. Historically the E&P market has experienced relative underinvestment, but as growing global energy demand puts pressure on supply capacity, new capital will be needed to find more oil & gas, and to boost production. With the oil price once again at a high price, oil company revenues are increasing and the rewards of investing in E&P are lucrative. Through our thorough research and analysis of company expenditure, major projects and expert insight into the market, visiongain has calculated the oil & gas exploration & production market to be worth $434.3bn in 2010.
Our latest energy report - The Oil & Gas Exploration & Production (E&P) Market 2011-2021 - examines this pivotal area of the oil and gas industry with in-depth analysis of global and regional E&P investment. The report provides quantified forecasts for global and regional spending on E&P over the next ten years. The report analyses a wealth of data and introduces a clear breakdown of which direction the market is moving based on diverse factors and insight into the market, anticipating how and why the market will develop from 2011 onwards.
The Oil & Gas Exploration & Production (E&P) Market 2011-2021 report examines this sector critically, with a comprehensive review of recent annual reports, corporate publications, news reports, industry publications, market analysis and expert consultation. The report includes a SWOT analysis and original interviews with experts in the industry.
How much will global spending on global E&P increase between 2011 and 2021? Which factors will drive and influence the industry? What are the breakthrough technologies driving the industry? Which companies are spending heavily on E&P, and in which region? What are the opinions of key senior players in the sector? These critical questions and many more are definitively answered in this comprehensive report.
Comprehensive analysis of the Oil & Gas Exploration & Production (E&P) Market
The Oil & Gas Exploration & Production (E&P) Market 2011-2021 report examines this sector critically with a comprehensive review of annual reports, corporate releases, recent contracts, news reports, industry publications, market analysis and expert consultation. The report provides detailed forecasts for expenditure on E&P in the global market and regional markets and includes country specific analysis. A strengths, weaknesses, opportunities and threats (SWOT) analysis is included with an assessments of the primary market drivers and restraints. This report also includes transcripts of two interviews with industry experts. This package of analysis cannot be obtained anywhere else.
The report draws on a rich combination of primary and secondary research, interviews, official corporate and governmental announcements, media reports, policy documents, industry statements and an extensive consultation of expert opinion.
Why you should buy The Oil & Gas Exploration & Production (E&P) Market 2011-2021 report
The main benefits from purchasing this report:
• You will gain an understanding of the E&P market and learn how it will evolve over the next decade, with detailed forecasts from 2011 to 2021.
• You will gain insight into the primary drivers and restraints of the E&P market.
• You will receive sub-market and regional E&P expenditure forecasts for 2011-2021.
• You will be able to study over 60 tables, charts and graphs quantifying the global and regional development of spending on E&P over the period 2011-2021.
• You will gain knowledge of what the leading companies in the E&P industry are planning to spend on.
• You will receive a SWOT analysis for strengths, weaknesses, opportunities and threats to the E&P industry from 2011 onwards.
• Two original interviews from experts within the industry including a fast growing drilling company and an oil and gas specialist consultant in the Middle East :-
• Antech.
• Dr Ali Hussain.
You can order this report today
Anybody with a need to understand more about the future of this crucial area of the oil and gas industry should gain valuable information and insight from this new study. The E&P market offers substantial business and investment opportunities and is an increasingly lucrative sector. It is the most vital component of the medium term future of the worlds energy supply.
Gain an understanding of how to tap into the huge potential of this exciting market by ordering The Oil & Gas Exploration & Production (E&P) Market 2011-2021 report today.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
Table of Contents
1. Executive Summary
1.1 Introduction to the Oil & Gas Exploration & Production (E&P) Market
1.2 Global Expenditure on Oil & Gas Exploration & Production
1.3 Drivers and Restraints
1.3.1 Expenditure Drivers in the E&P Market
1.3.2 Expenditure Restraints in the E&P Market
2. Introduction to the Oil & Gas Exploration & Production (E&P)
2.1 The Exploration Market
2.2 The Drilling Market
2.3 The Production Market
2.4 The E&P Spending Outlook
2.5 Benefits of this Report
2.6 Methodology
3. The Global Oil & Gas Exploration & Production (E&P) Market
3.1 The Global Oil & Gas Exploration & Production Market Forecast and Analysis
3.2 The Oil & Gas Exploration & Production Sub-Markets
3.2.1 The Oil & Gas Exploration Market Forecast
3.2.2 The Oil & Gas Drilling Market Forecast
3.2.3 The Oil & Gas Production Market Forecast
3.3 The Regional Breakdown of the Global E&P Market
4. Regional Oil & Gas Exploration & Production (E&P) Markets
4.1 The North American Oil & Gas Exploration & Production Market Forecast
4.2 North American Oil & Gas Exploration & Production Market Analysis
4.2.1 The United States of America
4.2.2 Canada
4.3 The Asia-Pacific Oil & Gas Exploration & Production Market Forecast
4.4 Asia-Pacific Oil & Gas Exploration & Production Market Analysis
4.4.1 China
4.4.2 India
4.4.3 Indonesia
4.4.4 Malaysia
4.4.5 Australia
4.4.6 Other Countries in the Asia-Pacific
4.5 The Latin American Oil & Gas Exploration & Production Market Forecast
4.6 Latin American Oil & Gas Exploration & Production Market Analysis
4.6.1 Brazil
4.6.2 Mexico
4.6.3 Colombia
4.6.4 Venezuela
4.6.5 Argentina
4.6.6 Other Countries in Latin America
4.7 The African Oil & Gas Exploration & Production Market Forecast
4.8 African Oil & Gas Exploration & Production Market Analysis
4.8.1 Angola
4.8.2 Nigeria
4.8.3 Equatorial Guinea
4.8.4 Ghana and Namibia
4.8.5 South Africa
4.8.6 Africa's East Coast
4.8.7 North Africa
4.9 The European Oil & Gas Exploration & Production Market Forecast
4.10 European Oil & Gas Exploration & Production Market Analysis
4.10.1 Norway
4.10.2 The United Kingdom
4.10.3 Greenland
4.10.4 Other Countries in Europe
4.11 The Eurasia Oil & Gas Exploration & Production Market Forecast
4.12 Eurasian Oil & Gas Exploration & Production Market Analysis
4.12.1 Russia
4.12.2 Kazakhstan and Azerbaijan
4.12.3 Other Countries in Eurasia
4.13 The Middle East Oil & Gas Exploration & Production Market Forecast
4.14 Middle East Oil & Gas Exploration & Production Market Analysis
4.14.1 Iraq
4.14.2 Iran
4.14.3 Saudi Arabia
4.14.4 Other Countries in the Middle East
5. SWOT Analysis of the Oil & Gas Exploration & Production (E&P) Market
5.1 Strengths
5.1.1 Oil Related Factors
5.1.2 Economic Incentives
5.1.3 New Discoveries
5.1.4 Improving Technology
5.2 Weaknesses
5.2.1 High Costs
5.2.2 Resource Nationalism
5.2.3 Weak Gas Prices
5.2.4 Health, Safety and Environment (HSE)
5.3 Opportunities
5.3.1 Offshore and Marginal Oil
5.3.2 Unconventional Oil and Gas
5.3.3 Energy Independence
5.4 Threats
5.4.1 Chinese Economic Slowdown
5.4.2 Regulation
5.4.3 Increasing Risk
6. Methods and Technologies in the Oil & Gas Exploration & Production (E&P) Market
6.1 Exploration Methods and Technologies
6.1.1 Seismic Overview
6.1.2 Non-Seismic Overview
6.2 Drilling Methods and Technologies
6.2.1 Rotary Drilling
6.2.2 Directional Drilling
6.2.3 Horizontal Drilling
6.2.4 Under-Balanced Drilling
6.2.5 Micro-seismic
6.2.6 Seismic-While-Drilling (SWD)
6.3 Production Methods and Technologies
6.3.1 Lifting Methods
6.3.1.1 Natural Lift
6.3.1.2 Enhanced Oil Recovery (EOR)
6.3.2 Offshore Production
6.3.3 Unconventional Production
6.3.3.1 Hydraulic Fracturing
6.3.3.2 Oil Sands Extraction
7. Expert Opinion
7.1 Antech
7.1.1 Trends in the Oil & Gas Drilling Market
7.1.2 Challenges in the Oil & Gas Drilling Sector
7.1.3 Opportunities in the Global Oil & Gas Drilling Market
7.1.4 Drivers and Restraints in the Global Oil & Gas Drilling Market
7.1.5 Government Legislation
7.2 Dr. Ali Hussain
7.2.1 Drivers of Middle Eastern E&P
7.2.2 Iraq Hydrocarbon Law to Improve Business
7.2.3 Investment from China
7.2.4 Major Development in Iraq
7.2.5 E&P Spending Restraints
8. Leading Companies in the Oil & Gas Exploration & Production (E&P) Market
8.1 The Supermajors
8.1.1 BP Plc
8.1.2 Chevron Corporation
8.1.3 ConocoPhillips Corporation
8.1.4 ExxonMobil Corporation
8.1.5 Royal Dutch Shell
8.1.6 Total
8.2 National Oil Companies
8.2.1 Abu Dhabi National Oil Company (ADNOC)
8.2.2 China National Offshore Oil Corporation (CNOOC)
8.2.3 Ecopetrol S.A.
8.2.4 Gazprom
8.2.5 Kuwait Petroleum Corporation (KPC)
8.2.6 National Oil Corporation (NOC)
8.2.7 Nigerian National Petroleum Corporation (NNPC)
8.2.8 Oil and Natural Gas Corporation Ltd. (ONGC)
8.2.9 OMV AG (Österreichischen Mineralölverwaltung)
8.2.10 Pertamina
8.2.11 Petrochina Company Limited
8.2.12 Petroleo do Brasil (Petrobras)
8.2.13 Petroleos de Venezuela (PdVSA)
8.2.14 Petroleos Mexicanos (Pemex)
8.2.15 Petroliam Nasional Berhad (Petronas)
8.2.16 Petrovietnam Oil and Gas Group
8.2.17 PTT Exploration and Production Public Company Ltd. (PTTEP)
8.2.18 Qatar Petroleum Company (QP)
8.2.19 Saudi Aramco
8.2.20 Sonangol
8.2.21 Statoil
8.3 Major Independent Exploration & Production (E&P) Companies
8.3.1 Anadarko Petroleum Corporation
8.3.2 Apache Corporation
8.3.3 Devon Energy
8.3.4 Encana Corporation
8.3.5 EOG Resources
8.3.6 Hess Corporation
8.3.7 Marathon Oil Corporation
8.3.8 Nexen Inc.
8.3.9 Noble Energy
8.3.10 Occidental Petroleum
9. Conclusions
9.1 The Global E&P Market
9.2 Regions to Experience High Growth
9.3 Regions to Experience Strong Growth
9.4 Regions with Moderate Growth
9.5 The Outlook for the Exploration & Production Market
10. Glossary
List of Tables
Table 1.1 Drivers and Restraints in the E&P Market
Table 2.1 Regional Distribution of Seismic Crews Offshore vs. Onshore 2010 (Number)
Table 2.2 Offshore Rig Fleet and Utilisation Rates by Region (February, 2011)
Table 2.3 Top Ten Oil Producing Nations 2009 (Rank, barrels/day)
Table 3.1 Global Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 3.2 Global Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.3 Global Oil & Gas Exploration & Production Sub-Markets Forecast 2011-2021 ($bn, AGR %)
Table 3.4 Global Oil & Gas Exploration Market Forecast 2011-2021 ($bn, AGR %)
Table 3.5 Global Oil & Gas Exploration Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.6 Global Oil & Gas Drilling Market Forecast 2011-2021 ($bn, AGR %)
Table 3.7 Global Oil & Gas Drilling Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.8 Global Oil & Gas Production Market Forecast 2011-2021 ($bn, AGR %)
Table 3.9 Global Oil & Gas Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.10 Regional Oil & Gas Exploration & Production Market Forecasts 2011-2021 ($bn, AGR %)
Table 4.1 North American Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.2 North American Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.3 Asia-Pacific Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.4 Asia-Pacific Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.5 The Latin American Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.6 The Latin American Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.7 The African Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.8 The African Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.9 European Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.10 European Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.11 The Eurasian Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.12 The Eurasian Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.13 The Middle East Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn, AGR %)
Table 4.14 The Middle East Oil & Gas Exploration & Production Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 5.1 SWOT Analysis of the Oil & Gas Exploration & Production Market 2011-2021
Table 5.2 Recent Major Oil and Gas Discoveries 2010-2011
Table 8.1 Large E&P Budgets Set For 2011 ($bn)
List of Figures
Figure 1.1 Regional Distribution of E&P Expenditure 2010 (%)
Figure 1.2 Global Proven Oil Reserves by Region 2009 (Billion Barrels)
Figure 2.1 Regional Distribution of Seismic Crews Offshore vs. Onshore 2010 (Number)
Figure 2.2 Regional Onshore Oil and Gas Wells Drilled 2010 (%)
Figure 2.3 Regional Offshore Oil and Gas Wells Drilled 2010 (%)
Figure 3.1 Global Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 3.2 Sub-Market Share of Global E&P Expenditure 2010 (%)
Figure 3.3 Sub-Market Share of Global E&P Expenditure 2016 (%)
Figure 3.4 Sub-Market Share of Global E&P Expenditure 2021 (%)
Figure 3.5 Global Oil & Gas Exploration Market Forecast 2011-2021 ($bn)
Figure 3.6 Global Oil & Gas Drilling Market Forecast 2011-2021 ($bn)
Figure 3.7 Global Oil & Gas Production Market Forecast 2011-2021 ($bn)
Figure 3.8 Regional Oil & Gas Exploration & Production Expenditure 2011 (%)
Figure 3.9 Regional Oil & Gas Exploration & Production Expenditure 2016 (%)
Figure 3.10 Regional Oil & Gas Exploration & Production Expenditure 2021 (%)
Figure 3.11 Regional Oil & Gas Exploration & Production Market Forecasts 2011-2021 ($bn)
Figure 4.1 North American Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.2 Number of Vertical, Horizontal and Directional Drilling Rigs in the US January 2005 to January 2011 (Units)
Figure 4.3 Origin of Canada's Crude Production 2010 (%)
Figure 4.4 Forecasted Origin of Canada's Crude Production 2016 (%)
Figure 4.5 Forecasted Origin of Canada's Crude Production 2021 (%)
Figure 4.6 Asia-Pacific Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.7 The Latin American Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.8 The African Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.9 European Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.10 The Eurasian Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 4.11 The Middle East Oil & Gas Exploration & Production Market Forecast 2011-2021 ($bn)
Figure 5.1 Average Crude Price Forecast 2011-2021; High, Stable and Low Price Scenarios ($/barrel)
Figure 5.2 High, Medium and Low Global Oil Demand Scenario 2011-2021 (Million B/day)
Figure 5.3 North American, Asian and European Gas Price Forecast 2011-2021 ($/MMBTU)
Figure 5.4 Onshore vs Offshore Discoveries 2005-2009 (Million Boe)
Figure 8.1 E&P Expenditure Split by Supermajors, NOCs and Independents 2010 (%)
Companies Listed
Abu Dhabi Marine Operating Company (ADMA)
Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi Company for Onshore Oil Operations (ADCO)
Anadarko Petroleum Corporation
Antech
Apache Corporation
Apache Energy
Atlas Energy
Atwood Oceanics
Avner Oil Exploration
Barclays Plc
Berry Petroleum
BG Group
BP Plc
Bridas Energy Holdings Ltd.
Cairn Energy
Cameron
Canacol Energy Ltd.
Canadian East West Petroleum Cooperation (EWP)
Chariot Oil and Gas
Chesapeake Energy
Chevron Corporation
China National Offshore Oil Corporation (CNOOC)
China National Petroleum Corporation (CNPC)
ConocoPhillips Corporation
Continental Resources
Daewoo Shipbuilding and Marine Engineering (DSME)
Delek Drilling
Desire Petroleum
Devon Energy
Diamond Offshore
Ecopetrol S.A.
Egyptian General Petroleum Corporation (EGPC)
Encana Corporation
Eni S.p.A.
EOG Resources
Estaleiro Atlântico Sul
ExxonMobil Corporation
FMC Kongsberg Subsea
FMC Technologies Inc
Fugro N.V.
GAIL Ltd.
Galp Energia
Gazprom
Hess Corporation
Husky Energy
Hyundai Heavy Industries
Inpex Corporation
KazMunaiGas (KMG)
Korea Gas Corporation (Kogas)
KUB-Gas
Kulczyk Oil
Kuwait Energy Company
Kuwait Oil Company (KOC)
Kuwait Petroleum Corporation (KPC)
Lukoil
Marathon Oil Corporation
Missan Oil Company (Iraq)
Murphy Oil
National Iranian Oil Company (NIOC)
National Oil Corporation (Libya)
Nexen Inc.
Nigerian National Petroleum Corporation (NNPC)
Noble Energy
North Oil Company (Iraq)
NUNAOIL (Greenland)
OAO Novatek
Occidental Petroleum
Oil and Natural Gas Corporation Ltd. (ONGC)
Oil India
ONGC Videsh Ltd. (OVL)
OMV AG
Origin Energy Ltd
Pan American Energy
Pertamina (Indonesia)
Petrochina Company Limited
Petrohawk Energy
Petroleo do Brasil (Petrobras)
Petroleos de Venezuela (PdVSA)
Petroleos Mexicanos (Pemex)
Petroliam Nasional Berhad (Petronas)
Petropars (Iran)
Petrovietnam Oil and Gas Group
Pioneer Natural Resources
PTT Exploration and Production Public Company Ltd. (PTTEP)
Qatargas
Qatar Petroleum Company (QP)
Queensland Gas
Rasgas
Reliance Industries Ltd.
Repsol Brazil
Repsol
Rosneft
Royal Dutch Shell
RWE Dea
Saipem S.p.A.
Saudi Aramco
Samsung Engineering Ltd.
Samsung Heavy Industries
Santos Ltd.
Schlumberger
Seahawk Drilling Inc
Sinochem
Sinopec
SK Engineering
Sonangol
Sonatrach (Algeria)
South Oil Company (Iraq)
Statoil
Statoil Canada Ltd
Sunwing Energy Ltd
Surgutneftegaz
TNK-BP
Toreador Resources Corporation
Total
Tullow Oil
Vanco International
Vermilion Energy Inc.
Woodside Petroleum
WorleyParsons Ltd.
XTO Energy
YPF-Repsol
Government Agencies and Other Organisations Mentioned in this Report
Administración Nacional de Combustibles, Alcoholes y Portland (Ancap)
Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)
Canadian Industry Ministry
Chinese Ministry of Land and Resources (CMLR)
Energy Information Administration (EIA)
European Union (EU)
Ministry of Petroleum (Norway)
International Energy Agency (IEA)
Iraqi Council of Ministers
National Aeronautics and Space Administration (NASA)
Oil and Gas UK
Organization of the Petroleum Exporting Countries (OPEC)
Organization for Economic Co-operation and Development (OECD)
Polish State Geological Institute (Panstwowy Instytut Geologiczny,PIG)
Security Exchange Commission (SEC)
US Environmental Protection Agency (EPA)
United States Geological Survey
University of Baghdad
World Bank