1 Table Of Contents 2
1.1 List of Tables 9
1.2 List of Figures 12
2 United Kingdom Energy Sector 13
2.1 United Kingdom Energy Sector, Market Overview 13
2.2 United Kingdom Energy Sector, Crude Oil 15
2.2.1 United Kingdom Crude Oil, Overview 15
2.2.2 United Kingdom Crude Oil, Supply and Demand Balance 15
2.2.3 United Kingdom Crude Oil, Regulatory Structure 21
2.2.4 United Kingdom Crude Oil, Infrastructure 22
3 The United Kingdom Fiscal Regime 23
3.1 The United Kingdom Petroleum Fiscal Environment 23
3.2 License Terms 23
3.3 Key Fiscal Terms 25
3.4 Key Information 28
3.5 Sample Cashflows Calculations 30
4 The United Kingdom Oil Upstream Investment Environment Benchmarking 31
4.1 Introduction 31
4.2 The Overall Ranking 31
4.3 Upstream Fiscal Attractiveness 32
4.3.1 Maximum Government Take Index 33
4.3.2 Maximum State Participation 34
4.4 Oil Sector Performance 35
4.4.1 Exploration Activity 37
4.4.2 Oil Production 38
4.4.3 Oil Reserves 38
4.4.4 Oil Consumption 39
4.4.5 Refining Industry 39
4.5 Economic Performance 40
4.5.1 GDP Growth Index 42
4.5.2 FDI Confidence Index 42
4.5.3 Balance of Trade Index 42
4.6 Socio-Political Performance 43
4.6.1 Democracy Index 45
4.6.2 Governance Index 45
5 United Kingdom Exploration and Production Sector 46
5.1 United Kingdom Exploration and Production Sector, Country Snapshot 46
5.1.1 United Kingdom Exploration and Production Sector, Key Data 46
5.1.2 United Kingdom, Exploration And Production Sector, Crude Oil Assets Map 47
5.2 United Kingdom Exploration and Production Sector, Gross Crude Oil Production 48
5.2.1 United Kingdom Exploration and Production Sector, Gross Crude Oil-Historical Production 48
5.2.2 United Kingdom Exploration and Production Sector, Gross Crude Oil Production by Assets 49
5.2.3 United Kingdom Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 58
5.2.4 United Kingdom Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 61
5.3 United Kingdom Exploration and Production Sector, Gross Crude Oil Forecasts 65
5.3.1 United Kingdom Exploration and Production Sector, Gross Crude Oil Forecasted Production 65
5.3.2 United Kingdom Exploration and Production Sector, Gross Revenue Forecast 69
5.3.3 United Kingdom Exploration and Production Sector, Government Take Forecast 76
5.4 United Kingdom Exploration And Production Sector, Crude Oil Asset Details 83
5.4.1 United Kingdom Exploration And Production Sector, Active Crude Oil Asset Details 83
5.4.2 United Kingdom Exploration And Production Sector, Planned Crude Oil Asset Details 91
6 United Kingdom Pipeline Sector 92
6.1 United Kingdom Pipeline Sector, Key Data 92
6.2 United Kingdom Pipeline Sector, An Overview 92
6.3 United Kingdom Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 93
6.4 United Kingdom Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 94
6.5 United Kingdom Pipeline Sector, Crude Oil Pipelines 95
6.6 United Kingdom Pipeline Sector, Petroleum Product Pipelines 96
7 United Kingdom Refining Sector 99
7.1 United Kingdom Refining Sector, Key Data 99
7.2 United Kingdom Refining Sector, An Overview 99
7.2.1 United Kingdom Refining Sector, Total Refining Capacity 99
7.3 United Kingdom Refining Sector, Capacity-Wise Market Share By Company 100
7.4 United Kingdom Refining Sector, Crude Distillation Unit Capacity 103
7.5 United Kingdom Refining Sector, Coking Capacity 103
7.6 United Kingdom Refining Sector, Fluid Catalytic Cracking Capacity 104
7.7 United Kingdom Refining Sector, Hydrocracking Unit Capacity 104
8 United Kingdom Oil and Chemicals Storage Sector 105
8.1 United Kingdom Oil and Chemicals Storage Sector, Key Data 105
8.2 United Kingdom Oil and Chemicals Storage Sector, An Overview 105
8.2.1 United Kingdom Oil and Chemicals Storage Sector, Total Storage Capacity 105
8.3 United Kingdom Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 107
8.4 United Kingdom Oil and Chemicals Storage Sector, Storage Capacity 109
9 Profile of British Petroleum Plc 112
9.1 British Petroleum Plc, Key Information 112
9.2 British Petroleum Plc, Company Overview 112
9.3 British Petroleum Plc, Business Description 112
9.3.1 British Petroleum Plc, Business Description, Business Overview 112
9.3.2 British Petroleum Plc, Business Description, Exploration and Production 112
9.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 114
9.3.4 British Petroleum Plc, Business Description, Refining and Marketing 115
9.3.5 British Petroleum Plc, Business Description, Major Products and Services 117
9.4 British Petroleum Plc, Value Chain Analysis 118
9.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 119
9.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 119
9.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 120
9.4.4 British Petroleum Plc, Value Chain Analysis, Retail 121
9.5 British Petroleum Plc, SWOT Analysis 122
9.5.1 British Petroleum Plc, SWOT Analysis, Overview 122
9.5.2 British Petroleum Plc, SWOT Analysis, Strengths 123
9.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 124
9.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 124
9.5.5 British Petroleum Plc, SWOT Analysis, Threats 125
9.6 British Petroleum Plc, Revenue Analysis 126
9.6.1 British Petroleum Plc, Revenue by Segment 127
9.6.2 British Petroleum Plc, Revenue by Geography 127
9.7 British Petroleum Plc, Financial and Operational Review 129
9.7.1 Financial Statements 129
9.7.2 Financial Ratios 130
10 Profile of Royal Dutch Shell Plc 131
10.1 Royal Dutch Shell Plc, Key Information 131
10.2 Royal Dutch Shell Plc, Company Overview 131
10.3 Royal Dutch Shell Plc, Business Description 131
10.3.1 Royal Dutch Shell Plc, Business Description, Overview 131
10.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 132
10.3.3 Royal Dutch Shell Plc, Business Description, Corporate and Others 133
10.3.4 Royal Dutch Shell Plc, Business Description, Exploration and Production 133
10.3.5 Royal Dutch Shell Plc, Business Description, Gas and Power 135
10.3.6 Royal Dutch Shell Plc, Business Description, Oil Products 137
10.3.7 Royal Dutch Shell Plc, Business Description, Oil Sands 139
10.4 Royal Dutch Shell Plc, Value Chain Analysis 140
10.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 140
10.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 141
10.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 142
10.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 142
10.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 143
10.5 Royal Dutch Shell Plc, SWOT Analysis 144
10.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 144
10.5.2 Royal Dutch Shell Plc, SWOT Analysis, Strengths 144
10.5.3 Royal Dutch Shell Plc, SWOT Analysis, Weaknesses 145
10.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities 146
10.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 147
10.6 Royal Dutch Shell Plc, Revenue Analysis 148
10.6.1 Royal Dutch Shell Plc, Revenue by Segment 148
10.6.2 Royal Dutch Shell Plc, Revenue by Geography 149
10.7 Royal Dutch Shell plc, Financial and Operational Review 150
10.7.1 Financial Statements 150
10.7.2 Financial Ratios 151
11 Profile of Exxon Mobil Corporation 152
11.1 Exxon Mobil Corporation, Key Information 152
11.2 Exxon Mobil Corporation, Company Overview 152
11.3 Exxon Mobil Corporation, Business Description 152
11.3.1 Exxon Mobil Corporation, Business Description, Overview 152
11.3.2 Exxon Mobil Corporation, Business Description, Chemical 152
11.3.3 Exxon Mobil Corporation, Business Description, Downstream 154
11.3.4 Exxon Mobil Corporation, Business Description, Upstream 156
11.4 Exxon Mobil Corporation, Value Chain Analysis 158
11.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 158
11.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 159
11.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 160
11.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 160
11.5 Exxon Mobil Corporation, SWOT Analysis 160
11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 160
11.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 161
11.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 163
11.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 165
11.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 166
11.6 Exxon Mobil Corporation, Revenue Analysis 168
11.6.1 Exxon Mobil Corporation, Revenue by Segment 168
11.6.2 Exxon Mobil Corporation, Revenue by Geography 169
11.7 Exxon Mobil Corporation, Financial and Operational Review 171
11.7.1 Financial Statements 171
11.7.2 Financial Ratios 172
12 Financial Deals Landscape 173
12.1 Detailed Deal Summary 173
12.1.1 Rumored Deals 173
12.1.2 Acquisition 174
12.1.3 Venture Financing 179
12.1.4 Equity Offerings 180
12.1.5 Debt Offerings 186
12.1.6 Partnerships 189
12.1.7 Asset Transactions 191
13 Recent Developments 196
13.1 License Rounds 196
13.1.1 Nov 12, 2008: UK Offers 171 New Licenses To 100 Companies Covering 257 Blocks In North Sea 196
13.2 License Awards 197
13.2.1 Jan 21, 2009: IGas Receives Approval To Produce CBM Gas In Warrington And Widnes 197
13.2.2 Dec 29, 2008: Antrim Submits FDP For Phase I Of Causeway Field In UK North Sea 197
13.2.3 Dec 23, 2008: Elixir Wins Four Month Extension Of License Term On Block 211/18b In Leopard Prospect, UK 198
13.2.4 Dec 09, 2008: Eni Wins Two Licenses In UK North Sea 199
13.3 Recent Discoveries 199
13.3.1 Feb 12, 2009: Nexen Announces Oil Discovery At Hobby Exploration Well In Block 20/1N, UK 199
13.3.2 Jan 29, 2009: Maersk Oil Announces Gas Discovery At Block 22/25a In UK North Sea 200
13.3.3 Jan 21, 2009: Endeavour Announces Appraisal Of Rochelle Discovery In UK North Sea 200
13.3.4 Dec 29, 2008: GDF Suez Announces Gas Discovery In Southern Basin Sector Of UKCS 201
13.3.5 Nov 17, 2008: Revus Announces Oil Discovery At Cladhan Well 210/29a-4 UK Northern North Sea 202
13.4 Drilling and Production Updates 202
13.4.1 Feb 12, 2009: Atlantic Updates On Ettrick Field In UK 202
13.4.2 Feb 10, 2009: Endeavour Updates On Cygnus 44/12a-3 Well In Southern Gas Basin, UK North Sea 203
13.4.3 Feb 06, 2009: Providence Begins Drilling Operations On L99/02-SWD Well At UK's New Singleton Oilfield 203
13.4.4 Feb 03, 2009: Lansdowne Provides Reserves Update 204
13.4.5 Feb 02, 2009: IGas Provides Reserves Update 205
13.5 Financial Announcements 206
13.5.1 Feb 12, 2009: EnCore Declares H2 2008 Results 206
13.5.2 Feb 06, 2009: Xtract Declares H1 Fiscal 2009 Results 209
13.5.3 Feb 05, 2009: BG Group Reports Q4 2008 Results 213
13.5.4 Feb 03, 2009: BP Reports 2008 Results 217
13.5.5 Feb 03, 2009: BP Declares Quarterly Dividend 219
13.6 Other Significant Developments 219
13.6.1 Feb 16, 2009: Atlantic Updates On Chestnut Field In UK 219
13.6.2 Feb 13, 2009: Total To Start Maintenance At Its UK Refinery Shortly 220
13.6.3 Feb 13, 2009: Total To Develop Laggan And Tormore Gas Fields In UK North Sea 220
13.6.4 Feb 10, 2009: Desire Provides Operational Update 221
13.7 New Contracts Announcements 223
13.7.1 Jan 06, 2009: Synergy Being Chosen As Operator For Six UK North Sea Oil Fields 223
14 Appendix 224
14.1 Methodology 224
14.1.1 Coverage 224
14.1.2 Secondary Research 225
14.1.3 Primary Research 225
14.1.4 E&P Forecasts 226
14.1.5 Midstream Forecasts 227
14.1.6 Expert Panel Validation 227
14.2 Contact Us 228
14.3 About GlobalData 228
14.4 Disclaimer 228
1.1 List of Tables
Table 1: The UK, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 16
Table 2: The UK, Historical and Forecasted Exports and Imports of Crude Oil, 1996-2020 18
Table 3: The UK, Historical Reserves of Crude Oil, 1996-2008 20
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, 2008 31
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 32
Table 6: Western Europe, Investment Benchmarking, Oil Sector Performance, 2008 35
Table 7: Western Europe, Investment Benchmarking, Economic Performance, 2008 40
Table 8: Western Europe, Country Standings, Economic Performance, 2008 41
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, 2008 43
Table 10: Western Europe, Country Standings, Socio-Political Performance, 2008 44
Table 11: United Kingdom, Crude Oil Key Statistics, 2008 46
Table 12: United Kingdom, Total Gross Crude Oil Production (MMBBLs), 2001-2008 48
Table 13: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 49
Table 14: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 50
Table 15: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 51
Table 16: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 52
Table 17: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 53
Table 18: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 54
Table 19: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 55
Table 20: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 56
Table 21: United Kingdom, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 (Cont’d) 57
Table 22: United Kingdom, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 58
Table 23: United Kingdom, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 (Cont’d) 59
Table 24: United Kingdom, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 (Cont’d) 60
Table 25: United Kingdom, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 61
Table 26: United Kingdom, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 (Cont’d) 62
Table 27: United Kingdom, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 (Cont’d) 63
Table 28: United Kingdom, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 (Cont’d) 64
Table 29: United Kingdom, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 65
Table 30: United Kingdom, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 (Contd.) 66
Table 31: United Kingdom, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 (Contd.) 67
Table 32: United Kingdom, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 (Contd.) 68
Table 33: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 69
Table 34: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 70
Table 35: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 71
Table 36: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 72
Table 37: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 73
Table 38: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 74
Table 39: United Kingdom, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Cont’d) 75
Table 40: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 76
Table 41: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 77
Table 42: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 78
Table 43: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 79
Table 44: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 80
Table 45: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 81
Table 46: United Kingdom, Projected Assets-wise Government Take (000'$), 2009-2014 (Cont’d) 82
Table 47: United Kingdom, Oil Field Assets Details 83
Table 48: United Kingdom, Oil Field Assets Details (Cont’d) 84
Table 49: United Kingdom, Oil Field Assets Details (Cont’d) 85
Table 50: United Kingdom, Oil Field Assets Details (Cont’d) 86
Table 51: United Kingdom, Oil Field Assets Details (Cont’d) 87
Table 52: United Kingdom, Oil Field Assets Details (Cont’d) 88
Table 53: United Kingdom, Oil Field Assets Details (Cont’d) 89
Table 54: United Kingdom, Oil Field Assets Details (Cont’d) 90
Table 55: United Kingdom, Planned Oil Field Assets Details 91
Table 56: United Kingdom, Pipeline Key Statistics, 2008 92
Table 57: United Kingdom, Crude Oil Pipeline Length by Company (Km), 2008 93
Table 58: United Kingdom, Petroleum Product Pipeline Length by Company (Km), 2008 94
Table 59: The United Kingdom, Crude Oil Pipelines, 2008 95
Table 60: The United Kingdom, Petroleum Product Pipelines, 2008 96
Table 61: The United Kingdom, Petroleum Product Pipelines, 2008 (contd.) 97
Table 62: The United Kingdom, Petroleum Product Pipelines, 2008 (contd.) 98
Table 63: United Kingdom, Refinery Key Statistics, 2008 99
Table 64: United Kingdom, Total Refining Capacity (MMTPA), 2000- 2013 99
Table 65: United Kingdom, Refining Capacity Company-wise (MMTPA), 2000-2013 100
Table 66: United Kingdom, Crude Distillation Unit Capacity (MMTPA), 2000-2013 103
Table 67: United Kingdom, Coking Unit Capacity (MMTPA), 2000-2013 103
Table 68: United Kingdom, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 104
Table 69: United Kingdom, Hydrocracking Unit Capacity (MMTPA), 2000-2013 104
Table 70: United Kingdom, Oil Storage Key Statistics, 2008 105
Table 71: United Kingdom, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 105
Table 72: United Kingdom, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 107
Table 73: United Kingdom, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 109
Table 74: United Kingdom, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (contd.) 110
Table 75: United Kingdom, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Contd.) 111
Table 76: British Petroleum Plc, Key Facts 112
Table 77: British Petroleum Plc, SWOT Analysis 122
Table 78: British Petroleum Plc, Revenue by Segment, USD Million, 2003-2007 127
Table 79: British Petroleum Plc, Revenue by Geography, USD Million, 2003-2007 128
Table 80: British Petroleum Plc, Financial Statements, USD Million, 2003-2007 129
Table 81: British Petroleum Plc, Financial Ratios, USD Million, 2003-2007 130
Table 82: Royal Dutch Shell plc, Key Facts 131
Table 83: Royal Dutch Shell plc, SWOT Analysis 144
Table 84: Royal Dutch Shell plc, Revenue by Segment, USD Million, 2003-2007 149
Table 85: Royal Dutch Shell plc, Revenue by Geography, USD Million, 2003-2007 150
Table 86: Royal Dutch Shell plc, Financial Statements, USD Million, 2003-2007 150
Table 87: Royal Dutch Shell plc, Financial Ratios, USD Million, 2003-2007 151
Table 88: Exxon Mobil Corporation, Key Facts 152
Table 89: Exxon Mobil Corporation, SWOT Analysis 161
Table 90: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 168
Table 91: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 170
Table 92: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 171
Table 93: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 172
Table 94: Shell To Acquire Regal Petroleum 173
Table 95: Egdon Resources To Acquire YCI Resources 174
Table 96: Storm Ventures International Completes Acquisition Of Silverstone Energy 175
Table 97: Black Rock Oil & Gas To Sell Shares To Cetus Investment Resources 176
Table 98: Tullow Oil Sells Tullow Oil UK To Eni 177
Table 99: Victoria Oil & Gas To Acquire Bramlin 178
Table 100: Epi-V Made An Investment In Moorland Energy 179
Table 101: Nighthawk Energy Completes Private Placement Of $10.14 Million 180
Table 102: Gold Oil Completes Private Placement Of $0.89 Million 181
Table 103: Tullow Oil Completes Private Placement Of $590.39 Million 182
Table 104: Tower Resources Completes Private Placement Of $0.75 Million 183
Table 105: Scottish and Southern Energy Completes Private Placement Of $703.5 Million 184
Table 106: Coastal Energy Announces Offering Of 100 Units For $10 Million 185
Table 107: BP Plans To Sell Bonds For $500 Million 186
Table 108: PetroLatina Announces Notes Offering Of $9.875 Million 187
Table 109: BP Completes Senior Notes Offering Of $8,000 Million 188
Table 110: OMV Gas & Power Forms Joint Venture With RWE Supply & Trading 189
Table 111: Ascent Resources Enters Into Joint Venture With San Severina Holdings 190
Table 112: Alba Resources Acquires 10% Working Interest In Onshore Licence PEDL005 From Egdon Resources 191
Table 113: Woburn Energy Plans To Farm-Out Its 15% Interest In Monterey Gas Field 192
Table 114: Centrica To Acquire Additional 67% Share In Undeveloped York Gas Fields From Hess 193
Table 115: Empyrean Energy Intends To Revert Back To 6% Interest In Sugarloaf Project 194
Table 116: La Cortez Energy To Farm-In With Petronorte For Acquiring Stake In Putumayo-4 Block 195
1.2 List of Figures
Figure 1: The UK, Energy Sector Break-Up, 2008 14
Figure 2: The UK, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 17
Figure 3: The UK, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 19
Figure 4: The UK, Crude Oil Reserves, Million Barrels, 1996-2008 21
Figure 5: The United Kingdom, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 30
Figure 6: Western Europe, Country Standings, Upstream Fiscal Attractiveness, 2008 33
Figure 7: Western Europe, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 36
Figure 8: Western Europe, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 37
Figure 9: Western Europe, Country Standings, Exploration Blocks Awarded, 2008 38
Figure 10: Western Europe, Country Standings, Economic Performance, 2008 41
Figure 11: Western Europe, Country Standings, Socio-Political Performance, 2008 44
Figure 12: United Kingdom, Crude Oil Assets Map, 2008 47
Figure 13: United Kingdom, Total Gross Crude Oil Production (MMBBLs), 2001-2008 48
Figure 14: United Kingdom, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 60
Figure 15: United Kingdom, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 64
Figure 16: United Kingdom, Crude Oil Pipeline Length By Company (Km), 2008 93
Figure 17: United Kingdom, Petroleum Product Pipeline Length By Company (Km), 2008 94
Figure 18: United Kingdom, Total Refining Capacity (MMTPA), 2000- 2013 100
Figure 19: United Kingdom, Refining Capacity Company-wise (MMTPA), 2008 101
Figure 20: United Kingdom, Refining Capacity Company-wise (MMTPA), 2013 102
Figure 21: United Kingdom, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 106
Figure 22: United Kingdom, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 108
Figure 23: British Petroleum Plc, Value Chain Analysis 118
Figure 24: Royal Dutch Shell plc, Value Chain Analysis 140
Figure 25: Exxon Mobil Corporation, Value Chain Analysis 158
Figure 26: GlobalData Methodology 224