With global oil demand continuing its inexorable rise and conventional light oil discoveries becoming less frequent, the oil industry is increasingly turning to alternative oil sources such as heavy oil. Although the cost of heavy oil production is greater than that of conventional oil and its carbon footprint is generally higher, the heavy oil market is set to play a larger role in global crude supply over the coming years. Current high oil prices and innovative technology are making an increasing number of heavy oil projects commercially viable, which is creating opportunities for a range of companies within the oil industry.
According to Visiongain's analysis, the global heavy oil market will see production of 6.659 million barrels per day in 2013. This includes all heavy oil with an API gravity of under 22° that is mobile or semi-mobile at reservoir conditions and with a viscosity of less than 10,000cP. This therefore includes heavy/extra-heavy oil operations in Canada and Venezuela, but excludes oil sands projects where bitumen is the primary target.
The majority of heavy oil development thus far has taken place in the Western Hemisphere, and cold and thermal heavy oil production will continue to expand in South America over the coming ten years. However a number of less established regions, such as the Middle East, are also set to register strong growth over the next ten years as countries seek to utilise their substantial heavy oil resources.
What makes this report unique?
Visiongain consulted widely with industry experts and the full transcript of an exclusive interview with Alex Damnjanovic, Chief Operating Officer of Kudu Industries Inc is included in the report. As such, our reports have a unique blend of primary and secondary sources providing informed opinion. This approach allows insight into the key drivers and restraints behind market developments, as well as identifying the leading companies. The report also presents a unique blend of qualitative analysis combined with extensive quantitative data including global and regional production forecasts from 2013-2023 – all highlighting strategic business opportunities.
Why you should buy The Heavy Oil Market 2013-2023
• 166 pages of comprehensive analysis
• Exclusive Visiongain interview with industry expert:
– Alex Damnjanovic, Chief Operating Officer of Kudu Industries Inc.
• 97 tables, charts, and graphs quantifying the heavy oil market in detail
• Global heavy oil market production forecasts between 2013 and 2023
• Ten year market production forecasts and analysis for the 16 leading national heavy oil markets, plus the market for the rest of the world:
– Angola
– Canada
– China
– Colombia
– Brazil
– Ecuador
– Indonesia
– Iran
– Iraq
– Kuwait
– Mexico
– Oman
– Russia
– Saudi Arabia
– United States
– Venezuela
– Rest of the World
• Profiles of the leading 10 companies in the heavy oil market, including information on barrels per day production, market share and future outlook, as well as the location and method of each company's heavy oil projects
• Shorter profiles for a further 13 leading companies in the heavy oil market, including information on current and future projects
• A PEST analysis of the heavy oil market
• Analysis of the drivers and restraints of the heavy oil market
You can order this report today
Gain an understanding of how to tap into the potential of this market by ordering The Heavy Oil Market 2013-2023.
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CCR Ref number: KD4R6
1. Executive Summary
1.1 Global Heavy Oil Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology
1.5 Global Heavy Oil Market Forecast 2013-2023
1.6 Leading National Heavy Oil Market Forecasts 2013-2023
2. Introduction to the Heavy Oil Market
2.1 The Heavy Oil Market Definition
2.2 Global Heavy Oil Resources
2.3 An Overview of Heavy Oil Production Methods
2.3.1 Cold Heavy Oil Production Processes
2.3.2 Thermal Heavy Oil Production Processes
3. The Global Heavy Oil Market
3.1 Global Heavy Oil Market Forecast 2013-2023
3.2 Global Heavy Oil Market Analysis
3.3 Drivers and Restraints in the Heavy Oil Market
3.3.1 Drivers in the Heavy Oil Market
3.3.1.1 Increasing Demand for Oil
3.3.1.2 Vast Resources of Heavy Oil
3.3.1.3 Declining Conventional Reserves
3.3.1.4 Desire for Energy Security
3.3.1.5 Proven Technologies
3.3.1.6 Offshore Heavy Oil
3.3.2 Restraints in the Heavy Oil Market
3.3.2.1 High Costs
3.3.2.2 Dependence Upon High Oil Prices
3.3.2.3 Transportation Issues
3.3.2.4 Political and Security Challenges
3.3.2.5 Shortage of Skilled Labour
3.3.2.6 Environmental Concerns
3.3.2.7 Carbon Taxation
3.3.2.8 Opposition to Resource Intensive Oil Production
4. The Leading National Heavy Oil Markets Forecast 2013-2023
4.1 The Venezuelan Heavy Oil Market Forecast 2013-2023
4.1.1 The Venezuelan Heavy Oil Market Overview
4.1.2 Venezuelan Heavy Oil Projects
4.1.3 Venezuelan Heavy Oil Market Outlook
4.2 The Mexican Heavy Oil Market Forecast 2013-2023
4.2.1 The Mexican Heavy Oil Market Overview
4.2.2 Mexican Heavy Oil Projects
4.2.3 Mexican Heavy Oil Market Outlook
4.3 The Brazilian Heavy Oil Market Forecast 2013-2023
4.3.1 The Brazilian Heavy Oil Market Overview
4.3.2 Brazilian Heavy Oil Projects
4.3.3 Brazilian Heavy Oil Market Outlook
4.4 The Chinese Heavy Oil Market Forecast 2013-2023
4.4.1 The Chinese Heavy Oil Market Overview
4.4.2 Chinese Heavy Oil Projects
4.4.3 Chinese Heavy Oil Market Outlook
4.5 The Colombian Heavy Oil Market Forecast 2013-2023
4.5.1 The Colombian Heavy Oil Market Overview
4.5.2 Colombian Heavy Oil Projects
4.5.3 Colombian Heavy Oil Market Outlook
4.6 The Angolan Heavy Oil Market Forecast 2013-2023
4.6.1 The Angolan Heavy Oil Market Overview
4.6.2 Angolan Heavy Oil Projects
4.6.3 Angolan Heavy Oil Market Outlook
4.7 The United States Heavy Oil Market Forecast 2013-2023
4.7.1 The United States Heavy Oil Market Overview
4.7.2 United States Heavy Oil Projects
4.7.3 United States Heavy Oil Market Outlook
4.8 The Canadian Heavy Oil Market Forecast 2013-2023
4.8.1 The Canadian Heavy Oil Market Overview
4.8.2 Canadian Heavy Oil Projects
4.8.3 Canadian Heavy Oil Market Outlook
4.9 The Omani Heavy Oil Market Forecast 2013-2023
4.9.1 The Omani Heavy Oil Market Overview
4.9.2 Omani Heavy Oil Projects
4.9.3 Omani Heavy Oil Market Outlook
4.10 The Indonesian Heavy Oil Market Forecast 2013-2023
4.10.1 The Indonesian Heavy Oil Market Overview
4.10.2 Indonesian Heavy Oil Projects
4.10.3 Indonesian Heavy Oil Market Outlook
4.11 The Ecuadorian Heavy Oil Market Forecast 2013-2023
4.11.1 The Ecuadorian Heavy Oil Market Overview
4.11.2 Ecuadorian Heavy Oil Projects
4.11.3 Ecuadorian Heavy Oil Market Outlook
4.12 The Russian Heavy Oil Market Forecast 2013-2023
4.12.1 The Russian Heavy Oil Market Overview
4.12.2 Russian Heavy Oil Projects
4.12.3 Russian Heavy Oil Market Outlook
4.13 The Iranian Heavy Oil Market Forecast 2013-2023
4.13.1 The Iranian Heavy Oil Market Overview
4.13.2 Iranian Heavy Oil Projects
4.13.3 Iranian Heavy Oil Market Outlook
4.14 The Kuwaiti Heavy Oil Market Forecast 2013-2023
4.14.1 The Kuwaiti Heavy Oil Market Overview
4.14.2 Kuwaiti Heavy Oil Projects
4.14.3 Kuwaiti Heavy Oil Market Outlook
4.15 The Saudi Arabian Heavy Oil Market Forecast 2013-2023
4.15.1 The Saudi Arabian Heavy Oil Market Overview
4.15.2 Saudi Arabian Heavy Oil Projects
4.15.3 Saudi Arabian Heavy Oil Market Outlook
4.16 The Iraqi Heavy Oil Market Forecast 2013-2023
4.16.1 The Iraqi Heavy Oil Market Overview
4.16.2 Iraqi Heavy Oil Projects
4.16.3 Iraqi Heavy Oil Market Outlook
4.17 The Rest of the World Heavy Oil Market Forecast 2013-2023
4.17.1 The Bahraini Heavy Oil Market
4.17.2 The Egyptian Heavy Oil Market
4.17.3 The Indian Heavy Oil Market
4.17.4 The Italian Heavy Oil Market
4.17.5 Kazakh Heavy Oil Market
4.17.6 The North Sea Heavy Oil Market
4.17.7 The Peruvian Heavy Oil Market
5. PEST Analysis of the Heavy Oil Market 2013-2023
6. Expert Opinion
6.1 Kudu Industries Inc.
6.1.1 Kudu's Involvement in the Heavy Oil Market
6.1.2 The Advantages of Progressing Cavity Pumps
6.1.3 Outlook for the Alaskan Heavy Oil Market
6.1.4 Outlook for the Russian Heavy Oil Market
6.1.5 Other Regions of Strong Heavy Oil Growth
6.1.6 Costs Associated with Heavy Oil Production
6.1.7 The Importance of Price, EOR Developments and Automation
7. Leading Companies in the Heavy Oil Market
7.1 The Top 10 Companies in the Heavy Oil Market
7.1.1 Canadian Natural Resources Limited (CNRL)
7.1.1.1 Overview and Heavy Oil Operations
7.1.1.2 Future Outlook
7.1.2 Chevron Corporation
7.1.2.1 Overview and Heavy Oil Operations
7.1.2.2 Future Outlook
7.1.3 China National Petroleum Corporation (CNPC)
7.1.3.1 Overview and Heavy Oil Operations
7.1.3.2 Future Outlook
7.1.4 Ecopetrol
7.1.4.1 Overview and Heavy Oil Operations
7.1.4.2 Future Outlook
7.1.5 Petroleos Brasiliero (Petrobras)
7.1.5.1 Overview and Heavy Oil Operations
7.1.5.2 Future Outlook
7.1.6 Petróleos de Venezuela (PDVSA)
7.1.6.1 Overview and Heavy Oil Operations
7.1.6.2 Future Outlook
7.1.7 Petroleos Mexicanos (Pemex)
7.1.7.1 Overview and Heavy Oil Operations
7.1.7.2 Future Outlook
7.1.8 Royal Dutch Shell
7.1.8.1 Overview and Heavy Oil Operations
7.1.8.2 Future Outlook
7.1.9 Statoil
7.1.9.1 Overview and Heavy Oil Operations
7.1.9.2 Future Outlook
7.1.10 Total
7.1.10.1 Overview and Heavy Oil Operations
7.1.10.2 Future Outlook
7.2 Other Companies in the Heavy Oil Market
7.2.1 Baytex Energy Corporation
7.2.2 BP
7.2.3 Cenovus Energy Inc.
7.2.4 China National Offshore Oil Corporation (CNOOC)
7.2.5 ConocoPhillips
7.2.6 ExxonMobil Corporation
7.2.7 Husky Energy
7.2.8 Ivanhoe Energy Inc.
7.2.9 Lukoil
7.2.10 Occidental Petroleum
7.2.11 Pacific Rubiales Energy Corporation
7.2.12 Petroleum Development Oman (PDO)
7.2.13 Petrominerales Ltd.
8. Conclusions
8.1 Global Heavy Oil Market Outlook
8.2 Leading National Heavy Oil Market Forecasts 2013-2023
8.2.1 Strong Growth Heavy Oil Markets
8.2.2 Moderate Growth Heavy Oil Markets
8.2.3 Slow Growth Heavy Oil Markets
8.2.4 Declining Heavy Oil Markets
9. Glossary
List of Tables
Table 1.1 Leading National Heavy Oil Market Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %)
Table 2.1 Comparison of Oil Grading By Leading International Agencies (?API, Viscosity cP)
Table 2.2 Original Heavy Oil in Place By Nation (Billion Barrels)
Table 3.1 Global Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 3.2 Global Heavy Oil Market Drivers and Restraints
Table 4.1 Leading National Heavy Oil Markets Forecast 2013-2023 (bpd, AGR %)
Table 4.2 Venezuelan Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.3 Drivers and Restraints in the Venezuelan Heavy Oil Market
Table 4.4 Mexican Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.5 Drivers and Restraints in the Mexican Heavy Oil Market
Table 4.6 Brazilian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.7 Drivers and Restraints in the Brazilian Heavy Oil Market
Table 4.8 Chinese Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.9 Drivers and Restraints in the Chinese Heavy Oil Market
Table 4.10 Colombian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.11 Drivers and Restraints in the Colombian Heavy Oil Market
Table 4.12 Angolan Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.13 Drivers and Restraints in the Angolan Heavy Oil Market
Table 4.14 United States Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.15 Drivers and Restraints in the United States Heavy Oil Market
Table 4.16 Canadian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.17 Drivers and Restraints in the Canadian Heavy Oil Market
Table 4.18 Omani Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.19 Drivers and Restraints in the Omani Heavy Oil Market
Table 4.20 Indonesian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.21 Drivers and Restraints in the Indonesian Heavy Oil Market
Table 4.22 Ecuadorian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.23 Drivers and Restraints in the Ecuadorian Heavy Oil Market
Table 4.24 Russian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.25 Drivers and Restraints in the Russian Heavy Oil Market
Table 4.26 Iranian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.27 Drivers and Restraints in the Iranian Heavy Oil Market
Table 4.28 Kuwaiti Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.29 Drivers and Restraints in the Kuwaiti Heavy Oil Market
Table 4.30 Saudi Arabian Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.31 Drivers and Restraints in the Saudi Arabian Heavy Oil Market
Table 4.32 Iraqi Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 4.33 Drivers and Restraints in the Iraqi Heavy Oil Market
Table 4.34 Rest of the World Heavy Oil Market Forecast 2013-2023 (bpd, AGR %, CAGR %, Cumulative)
Table 5.1 PEST Analysis of the Heavy Oil Market 2013-2023
Table 7.1 Top 10 Companies in the Heavy Oil Market 2013 (Market Ranking, Production (bpd), Market Share %)
Table 7.2 CNRL Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.3 Chevron Corporation Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.4 CNPC Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.5 Ecopetrol Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.6 Petrobras Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.7 PDVSA Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.8 PDVSA's Upcoming Heavy Oil Projects (Project Name, Companies, Production Start-Up, Peak Production (bpd))
Table 7.9 Pemex Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.10 Royal Dutch Shell Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.11 Statoil Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 7.12 Total Overview: Headquarters, Employees, Stock Exchange, Total Heavy Oil Production 2013 (bpd), Global Heavy Oil Market Share 2013 (%), Global Heavy Oil Market Rank 2013, Five-Year Outlook
Table 8.1 Leading National Heavy Oil Market Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %)
List of Figures
Figure 2.1 Conventional Oil Discovery History 1960-2012 (Billion Barrels)
Figure 2.2 USGS Survey Of Global Heavy Oil Resources By Region (Billion Barrels)
Figure 3.1 Global Heavy Oil Market Forecast 2013-2023 (bpd, AGR %)
Figure 3.2 World Liquid Fuel Consumption Forecast 2008-2035 (Million Barrels per Day)
Figure 4.1 Leading National Heavy Oil Markets Forecast 2013-2023 (bpd)
Figure 4.2 Leading National Heavy Oil Markets Share Forecast 2013 (%)
Figure 4.3 Leading National Heavy Oil Markets Share Forecast 2018 (%)
Figure 4.4 Leading National Heavy Oil Markets Share Forecast 2023 (%)
Figure 4.5 Leading National Heavy Oil Markets Share Change Forecast 2013-2023 (%)
Figure 4.6 Venezuelan Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.7 Venezuelan Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.8 Mexican Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.9 Mexican Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.10 Brazilian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.11 Brazilian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.12 Chinese Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.13 Chinese Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.14 Colombian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.15 Colombian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.16 Angolan Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.17 Angolan Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.18 United States Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.19 United States Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.20 Canadian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.21 Canadian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.22 Omani Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.23 Omani Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.24 Indonesian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.25 Indonesian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.26 Ecuadorian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.27 Ecuadorian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.28 Russian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.29 Russian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.30 Iranian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.31 Iranian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.32 Kuwaiti Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.33 Kuwaiti Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.34 Saudi Arabian Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.35 Saudi Arabian Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.36 Iraqi Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.37 Iraqi Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.38 Rest of the World Heavy Oil Market Forecast 2013-2023 (bpd, AGR%)
Figure 4.39 Rest of the World Heavy Oil Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 7.1 Top 10 Companies in the Heavy Oil Market 2013 (% Share)
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