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Oil and Gas Exploration and Production (E&P) in the Barents Sea - Market Analysis, Competitive Landscape and Production Forecasts to 2020

GlobalData
Published Date » 2013-05-06
No. Of Pages » 56
     
  Oil and Gas Exploration and Production (E&P) in the Barents Sea - Market Analysis, Competitive Landscape and Production Forecasts to 2020  
   
  Summary  
   
 Oil and Gas Exploration and Production (E&P) in the Barents Sea Market Analysis, Competitive Landscape and Production Forecasts to 2020, is the latest report from GlobalData, the industry analysis specialist, which analyzes the oil and gas exploration and production (E&P) industry in the Barents Sea. The report provides an overview of the E&P industry in the Barents Sea. The report also provides information on the fiscal environment, exploration, production, discoveries and major companies in the Norwegian and Russian parts of the Barents Sea. The report is compiled by using data and information...
Table of Contents

1 Table of Contents
1 Table of Contents 4
1.1 List of Tables 5
1.2 List of Figures 5

2 Introduction 7
2.1 Overview 7
2.2 GlobalData Report Guidance 7

3 Oil and Gas Exploration and Production in the Barents Sea Overview 8
3.1 Barents Sea has Substantial Undiscovered Oil and Gas Resources 9
3.2 Active Exploration Blocks in the Barents Sea 10
3.2.1 Barents Sea Oil and Gas Discoveries during the Period 2008 to 2012 11
3.2.2 Barents Sea Oil and Gas Production, 2012 12
3.3 Statoil Leads Oil and Gas Exploration and Production in the Barents Sea 13
3.3.1 Statoil is largest operator of Barents Sea Discoveries from 2008 to 2012 14
3.3.2 Statoil is the Key Producer in the Norwegian Barents Sea 15
3.4 Production Forecast of Oil and Gas in the Barents Sea, 20122020 16

4 Oil and Gas Exploration and Production in the Barents Sea Drivers and Challenges 17
4.1 Substantial Undiscovered Oil and Gas Resources Drive Oil and Gas Exploration Activity in the Barents Sea 17
4.2 Decreasing Production in North Sea Increases Interest for Barents Sea Exploration 18
4.3 Resolution of Maritime Boundaries Dispute between Russia and Norway will Accelerate Exploration Activities in the Region 19
4.4 Political Stability and Maritime Security are Expected to Draw Oil and Gas Companies towards the Barents Sea 20
4.5 Difficult Operating Environment and Escalating Costs Pose Challenge for Exploration and Production Activities in the Barents Sea 20
4.6 Environmental Conservation a Major Issue for Development of the Oil and Gas Sector in the Barents Sea 22

5 Oil and Gas Exploration and Production in the Barents Sea Financial Deals Activity 23
5.1 Barents Sea Mergers, Acquisitions and Asset Transactions, 2008 to 2013 23
5.2 Tullow Oils Acquisition of Spring Energy from HitecVision was the Largest Deal by Value in the Barents Sea during 2008 to 2013 25
5.3 Spectrum to Acquire Carmot Seismic and Carmot Processing to Consolidate Presence in the Norwegian Continental Shelf 28
5.4 Statoil Acquired 3.3% Interest in the Snohvit Field in November 2011

6 Oil and Gas Exploration and Production in the Barents Sea – Norway
6.1 Oil and Gas Fiscal Environment in Norway
6.2 Oil and Gas Exploration and Discoveries in the Norwegian Barents Sea
6.2.1 Oil and Gas Company Interest in Norway’s 22nd Licensing Round
6.2.2 Norwegian Petroleum Directorate’s Mapping of Southeastern Barents Sea Reveals Substantial Oil and Gas Resources
6.2.3 Norway Made 10 Oil and Gas Discoveries during the Period 2008 to 2012
6.2.4 Havis Oil Discovery in the Barents Sea
6.2.5 Skrugard Oil Discovery
6.3 Oil and Gas Production in the Norwegian Barents Sea
6.3.1 Snøhvit is the Only Active Production Field in the Barents Sea
6.3.2 Hammerfest Liquefied Natural Gas Facility
6.3.3 Production Forecast in the Norwegian Barents Sea, 2012 to 2020
6.3.4 Production from the Goliat Field
6.3.5 Plans to Develop the Skrugard Discovery
6.4 Oil and Gas Companies in Norwegian Barents Sea – Competitive Landscape
6.4.1 Statoil Leads Exploration of Oil and Gas in the Norwegian Barents Sea
6.4.2 Statoil and Rosneft Sign Agreement for Joint Bidding of Licenses
6.4.3 Statoil is the Leading Producer of Oil and Gas in the Barents Sea

7 Oil and Gas Exploration and Production in the Barents Sea – Russia
7.1 Petroleum Fiscal Environment in Russia
7.1.1 Russia Plans New Rules for Development of Offshore Oil and Gas Resources
7.2 Oil and Gas Exploration and Discoveries in the Russian Barents Sea
7.2.1 Active Exploration Blocks in the Russian Barents Sea
7.3 Shtokman is the Only Planned Production Field in the Russian Barents Sea
7.3.1 Gazprom Freezes and Restarts the Shtokman Project
7.4 Major Oil and Gas Companies in the Russian Barents Sea
7.4.1 Rosneft Operates All Active Exploration Blocks in the Russian Barents Sea
7.4.2 Agreement for Exploration in the Fedynsky and the Central Barents Blocks
7.4.3 Rosneft Acquires Two Exploration Blocks in the Russian Barents Sea

8 Appendix
8.1 Market Definition
8.2 Abbreviations
8.3 Sources
8.4 Methodology
8.4.1 Coverage
8.4.2 Secondary Research
8.5 Contact Us
8.6 Disclaimer

List of Tables


Table 1: Oil and Gas Industry, the Barents Sea, Mean Volumes of Undiscovered, Technically Recoverable Reserves by Geologic Province (billion bbl, tcf), 2009 10
Table 2: Oil and Gas Industry, the Barents Sea, Deals Values and Number of Deals by Year (US$ MM), 2008February 2013 24
Table 3: Oil and Gas Industry, Barents Sea, Mergers and Acquisitions and Asset Transactions by Value (US$ MM), 2008February 2013 25
Table 4: Spring Energy, Major Assets Acquired by Tullow in the Norways Continental Shelf, 2012 27
Table 5: Oil and Gas Industry, Norway, Major Oil and Gas Fiscal Terms, 2011 30
Table 6: Oil and Gas Industry, Norwegian Barents Sea, Top 10 Active Exploration Blocks in terms of Acreage (Acres), 2012 31
Table 7: Oil and Gas Industry, Norway, Oil and Gas Discoveries in the Barents Sea, 20082012 34
Table 8: Oil and Gas Industry, Norway, Snapshot of the Hammerfest LNG Facility, 2013 38
Table 9: Oil and Gas Industry, Russia, Key Fiscal Terms, 2012 46
Table 10: Oil and Gas Industry, Russia, Active Exploration Blocks in the Barents Sea, 2012 48
Table 11: Oil and Gas Industry, Russia, Licensing Obligations for the Fedynsky, Central Barents and Western Chernomorsky Blocks, 2012 52

List of Figures


Figure 1: Oil and Gas Industry, the Barents Sea, Location Map 8
Figure 2: Oil and Gas Industry, the Barents Sea, Location of Four Geologic Provinces and Eight Assessment Units of Barents Sea Shelf, 2008 9
Figure 3: Oil and Gas Industry, Barents Sea, Share of Active Exploration Blocks by Country (%), 2012 10
Figure 4: Oil and Gas Industry, the Barents Sea, Number of Oil and Gas Discoveries, 20082012 11
Figure 5: Oil and Gas Industry, the Barents Sea, Gross Crude Oil and Natural Gas Production (mmboe), 20072012 12
Figure 6: Oil and Gas Industry, the Barents Sea, Top 10 Operators of Active Exploration Blocks, 2012 13
Figure 7: Oil and Gas Industry, the Barents Sea, Oil and Gas Discoveries by Operator, 20082012 14
Figure 8: Statoil, Share in the Production of Oil and Gas in the Sn

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