ResearchMoz

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

Upcoming Reports:

Drug & Alcohol Screening Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2013 - 2019
By - Transparency Market Research
Drug and alcohol screening tests focuses on providing vital protection of public and employee safety. Drug and alcohol screening testsreducesthe risk of human injury and property damage as well as help organizations to establish a strong and safe culture. Now-a-days various organizations are increasingly opting for employee drug and alcohol screening for prevention of occupational hazards atthe workplace; that may occur due to the use of recreational drugs and alcohol. Drug and alcohol screening is also helpful in pre-employment assessment. The use of illicit drugs amongst a workforce can...
Aesthetic Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
By - Transparency Market Research
The word aesthetic is used in reference of beauty or pleasing appearance and is derived from the Greek word aisthetikos which means esthetic, sense and sentient. Growing aesthetic consciousness among people, especially elderly population, is creating the demand for various devices being utilized in aesthetic procedures. Hair replacement, liposuction, skin rejuvenation, body lift, bra line back lift, tummy tuck, thigh lift, breast augmentation, eyelid surgery, face lift surgery, brow lifts and chin surgery are some major aesthetic procedures being carried out globally. Aesthetic procedures...
Medical Laboratories Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2014 - 2020
By - Transparency Market Research
Medical laboratories are defined as the independent, commercial enterprises that provide information to the healthcare professionals about the severity, onset and reason of patients' physical ailments. Medical laboratories include biological, bacteriological, histological, pathological and chemical analysis, urinalysis and dental and medical X-rays. About 70% of the health care decisions taken by doctors for treatment of diseases are based on the results of laboratory testing which makes the medical laboratories a vital part of the global healthcare system. Based on the testing...

Research Assistance

We will be happy to help you find what you need.
Please call us or write us:

866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-618-1030
Email: sales@researchmoz.us
Select License type:

Share this report

Related News

Western Africa economies hit by Ebola travel ban
Aug 28, 2014  
With over 1,400 people dead due to the fatal Ebola outbreak in African countries, travel services have either banned or limited operations to the western region, severely hitting economies of the area. Budgetary resources are being utilized rapidly and economic growth has dropped by 4% as international projects and trips have been cancelled. Transport companies have cut off the region...
Fonterra Ties Up With Beingmate to Tap into China’s Baby Food Market
Aug 28, 2014  
Fonterra Co-Operative Group Ltd. will partner with Beingmate Group Co, China’s biggest infant formula manufacturer to increase its reach in the Chinese market. The New Zealand-based company makes this move with the intent to grab a bigger market share in China after it suffered many setbacks in the food-safety scandal last year.   This partnership will also help Beingmate...
Warren Buffet Helps Burger King with Tim Horton Deal
Aug 27, 2014  
Renowned investor Warren Buffet plans to finance Burger King Worldwide Inc.’s acquisition of Tim Hortons Inc., the Canadian coffee chain. Berkshire Hathaway Inc., Warren Buffet’s firm will invest through preferred shares, it is speculated. Nearly 25% of the deal’s financing would be handled by Berkshire. The precise aim for Warren Buffet’s participation is yet...
Anti-UAW Workers to Form Another Union at Volkswagen Plant
Aug 27, 2014  
Employees at the Chattanooga plant of Volkswagen AG are trying to form a union of company’s salaried and hourly workers, as a means to counter the United Auto Workers Local 42 union that was established last month.  The new union is expected to force Volkswagen in rethinking and holding another vote to determine which union is favored by hourly employees. UAV had earlier...
Fairchild Axing 15% of its Workforce with Multiple Plant Closures
Aug 27, 2014  
American semiconductor manufacturer Fairchild has said that it will be laying off nearly 15% of its global workforce following the closure of its facilities in Malaysia, Utah, and Korea. The company will cease the production of five-inch silicon from its plant in Bucheon, Korea. It will also scale down its capacity to produce six-inch wafers. The company will bring these closures into effect...