Oil and Gas Supply – Deep Waters (A 10-year projection and review of oil and gas production and consumption)

Introduction

Having witnessed in 2008 the first major signal that future conventional oil and gas supplies will become much harder to find and more expensive to
develop, Datamonitor is publishing this analysis of deep water production around the world. As secure energy supplies become increasingly difficult and expensive to extract, an accurate forecast of supply/demand dynamics becomes more important.
Historically, global economic recessions have led to declining energy demand, but the resultant lower prices have soon led to a recovery in demand and
then prices, especially as OPEC has acted to rein in output to tighten supply. This trend has already been reflected in the oil markets to some degree. In
the gas sector, supplies will be available only if investment in infrastructure, above all long-distance pipelines and LNG conversion and receiving plants,
is well advanced.

Key findings and highlights

• Brazil pioneered deep water development with the discovery of the Albacora field in 1984 in 350-750m of water. It came on-stream in 1987 in the
Campos basin. A series of fields along the shelf edge have since been put into production, including the giant Marlim field in 1991, Marlim Sul
(1,255m) in 1994 and Roncador (1,290-1,795m) in 1999.
• The first discovery in deep waters, previously defined in the US at 305m, was the Pardner field (347m) in 1968, which finally came on-stream in
2003. The first real significant discovery, however. was Cognac (312m) in 1975, which was also the first on-stream in 1979.
• Angola is the largest deep water oil producer in Africa, now producing over double that of Nigeria. Production began in 2001 from the Girassol field
in 1,400m of water in Block 17, reaching a plateau in February 2002.

Reasons to buy

• Gain understanding of which markets will see increased production levels over the next decade

• Identify potential commercial opportunities through an understanding of changing supply dynamics in specific markets

• Analyze the changing balance between shallow and deep water production

OVERVIEW

• Catalyst
• Content summary

EXECUTIVE SUMMARY

• Introduction
• Supply pressures
• Price spikes
• Outlook in 2010 and beyond

DEEP WATERS

• The region

ANGOLA


AUSTRALIA


AZERBAIJAN


BRAZIL


BRUNEI


CAMEROON


CHINA


CONGO (BRAZZAVILLE)


COTE D’IVOIRE (IVORY COAST)


EGYPT


EQUATORIAL GUINEA
GHANA
INDIA

INDONESIA


ISRAEL


ITALY


LIBYA


MALAYSIA


MAURITANIA


MEXICO


NIGERIA


NORWAY


THE PHILIPPINES


SAO TOME AND PRINCIPE


SIERRA LEONE


TRINIDAD AND TOBAGO


UK


US
VIETNAM


APPENDIX

• Glossary
• Methodology
• Ask the analyst
• Datamonitor consulting
• Disclaimer

TABLE OF FIGURES

Figure 1: Angola offshore oil production forecast
Figure 2: Angola offshore gas production forecast
Figure 3: Australia offshore oil production forecast
Figure 4: Australia offshore gas production forecast
Figure 5: Azerbaijan offshore oil production forecast
Figure 6: Azerbaijan offshore gas production forecast
Figure 7: Brazil offshore oil production forecast
Figure 8: Brazil offshore gas production forecast
Figure 9: Brunei offshore oil production forecast
Figure 10: Brunei offshore gas production forecast
Figure 11: Cameroon offshore oil production forecast
Figure 12: Cameroon offshore gas production forecast
Figure 13: China offshore oil production forecast
Figure 14: China offshore gas production forecast
Figure 15: Congo (Brazzaville) offshore oil production forecast
Figure 16: Congo (Brazzaville) offshore gas production forecast
Figure 17: Cote d’Ivoire (Ivory Coast) offshore oil production forecast
Figure 18: Cote d’Ivoire (Ivory Coast) offshore gas production forecast
Figure 19: Egypt offshore oil production forecast
Figure 20: Egypt offshore gas production forecast
Figure 21: Equatorial Guinea offshore oil production forecast
Figure 22: Equatorial Guinea offshore gas production forecast
Figure 23: Ghana offshore oil production forecast
Figure 24: Ghana offshore gas production forecast
Figure 25: India offshore oil production forecast
Figure 26: India offshore gas production report
Figure 27: Indonesia offshore oil production forecast
Figure 28: Indonesia offshore gas production forecast
Figure 29: Israel/Palestine offshore oil production forecast
Figure 30: Israel/Palestine offshore gas production forecast
Figure 31: Italy offshore oil production forecast
Figure 32: Italy offshore gas production forecast
Figure 33: Libya offshore oil production forecast
Figure 34: Libya offshore gas production forecast
Figure 35: Malaysia offshore oil production forecast
Figure 36: Malaysia offshore gas production forecast
Figure 37: Mauritania offshore oil production forecast
Figure 38: Mauritania offshore gas production forecast
Figure 39: Mexico offshore oil production forecast
Figure 40: Mexico offshore gas production forecast
Figure 41: Nigeria offshore oil production forecast
Figure 42: Nigeria offshore gas production forecast
Figure 43: Norway offshore oil production forecast
Figure 44: Norway offshore gas production forecast
Figure 45: The Philippines offshore oil production forecast
Figure 46: The Philippines offshore gas production forecast
Figure 47: São Tomé and Príncipe offshore oil production forecast Figure 48: São Tomé and Príncipe offshore gas production forecast Figure 49: Sierra Leone offshore oil production forecast
Figure 50: Sierra Leone offshore gas production forecast
Figure 51: Trinidad and Tobago offshore oil production forecast
Figure 52: Trinidad and Tobago offshore gas production forecast Figure 53: UK offshore oil production forecast
Figure 54: UK offshore gas production forecast
Figure 55: US offshore oil production forecast
Figure 56: US offshore gas production forecast
Figure 57: Vietnam offshore oil production forecast
Figure 58: Vietnam offshore gas production forecast