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

Published: May 2013
No. of Pages:
   

This 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 sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

  • Overview of oil and gas exploration and production in the Barents Sea
  • Drivers and challenges for the oil and gas industry in the Barents Sea
  • Mergers and acquisitions (M&As), and asset transactions involving assets or companies with operations in the Barents Sea during the period 2008 to February 2013
  • Oil and gas exploration, discoveries, production and major companies operating in the Norwegian Barents Sea
  • Oil and gas exploration, discoveries, production and major companies operating in the Russian Barents Sea

Reasons To Buy

  • Develop business strategies with the help of specific insights into the oil and gas E&P market in the Barents Sea
  • Identify opportunities and challenges in the oil and gas industry in the Barents Sea
  • Understand competitive landscape of major companies operating in the Barents Sea.
  • Take prompt and effective business decisions supported by well researched information and analysis of the emerging exploration and production area, the Barents Sea.

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

Table of Contents

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

2 Introduction
2.1 Overview
2.2 GlobalData Report Guidance

3 Oil and Gas Exploration and Production in the Barents Sea – Overview
3.1 Barents Sea has Substantial Undiscovered Oil and Gas Resources
3.2 Active Exploration Blocks in the Barents Sea
3.2.1 Barents Sea Oil and Gas Discoveries during the Period 2008 to 2012
3.2.2 Barents Sea Oil and Gas Production, 2012
3.3 Statoil Leads Oil and Gas Exploration and Production in the Barents Sea
3.3.1 Statoil is largest operator of Barents Sea Discoveries from 2008 to 2012
3.3.2 Statoil is the Key Producer in the Norwegian Barents Sea
3.4 Production Forecast of Oil and Gas in the Barents Sea, 2012–2020

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

5 Oil and Gas Exploration and Production in the Barents Sea –Financial Deals Activity
5.1 Barents Sea Mergers, Acquisitions and Asset Transactions, 2008 to 2013
5.2 Tullow Oil’s Acquisition of Spring Energy from HitecVision was the Largest Deal by Value in the Barents Sea during 2008 to 2013
5.3 Spectrum to Acquire Carmot Seismic and Carmot Processing to Consolidate Presence in the Norwegian Continental Shelf
5.4 Statoil Acquired 3.3% Interest in the Snøhvit 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
Table 2: Oil and Gas Industry, the Barents Sea, Deals Values and Number of Deals by Year (US$ MM), 2008–February 2013
Table 3: Oil and Gas Industry, Barents Sea, Mergers and Acquisitions and Asset Transactions by Value (US$ MM), 2008–February 2013
Table 4: Spring Energy, Major Assets Acquired by Tullow in the Norway’s Continental Shelf, 2012
Table 5: Oil and Gas Industry, Norway, Major Oil and Gas Fiscal Terms, 2011
Table 6: Oil and Gas Industry, Norwegian Barents Sea, Top 10 Active Exploration Blocks in terms of Acreage (Acres), 2012
Table 7: Oil and Gas Industry, Norway, Oil and Gas Discoveries in the Barents Sea, 2008–2012
Table 8: Oil and Gas Industry, Norway, Snapshot of the Hammerfest LNG Facility, 2013
Table 9: Oil and Gas Industry, Russia, Key Fiscal Terms, 2012
Table 10: Oil and Gas Industry, Russia, Active Exploration Blocks in the Barents Sea, 2012
Table 11: Oil and Gas Industry, Russia, Licensing Obligations for the Fedynsky, Central Barents and Western Chernomorsky Blocks, 2012

List of Figures

Figure 1: Oil and Gas Industry, the Barents Sea, Location Map
Figure 2: Oil and Gas Industry, the Barents Sea, Location of Four Geologic Provinces and Eight Assessment Units of Barents Sea Shelf, 2008
Figure 3: Oil and Gas Industry, Barents Sea, Share of Active Exploration Blocks by Country (%), 2012
Figure 4: Oil and Gas Industry, the Barents Sea, Number of Oil and Gas Discoveries, 2008–2012
Figure 5: Oil and Gas Industry, the Barents Sea, Gross Crude Oil and Natural Gas Production (mmboe), 2007–2012
Figure 6: Oil and Gas Industry, the Barents Sea, Top 10 Operators of Active Exploration Blocks, 2012
Figure 7: Oil and Gas Industry, the Barents Sea, Oil and Gas Discoveries by Operator, 2008–2012
Figure 8: Statoil, Share in the Production of Oil and Gas in the Snøhvit Field (mmboe), 2009–2012
Figure 9: Oil and Gas Industry, Barents Sea, Production Forecast (mmboe), 2013–2020
Figure 10: Oil and Gas Industry, Barents Sea, Percentage Breakdown of Mean Undiscovered Petroleum Resources by Geological Province (%), 2009
Figure 11: Oil and Gas Industry, Norway, Production in the Norwegian Part of the North Sea (mmboe), 2006–2011
Figure 12: Oil and Gas Industry, the Barents Sea, New Maritime Boundary between Russia and Norway, 2011
Figure 13: Oil and Gas Industry, the Barents Sea, Location of the Shtokman Project, 2013
Figure 14: Oil and Gas Industry, the Barents Sea, Deals Values and Number of Deals by Year (US$ MM), 2008–February 2013
Figure 15: Oil and Gas Industry, Location of Spring Energy’s Assets in the North Atlantic Region, 2012
Figure 16: Spectrum, Acquisition of 3D Seismic Data Coverage in the Norway Continental Shelf (Left) and Merged and Matched 2D Data in the Barents Sea (Right), 2013
Figure 17: Oil and Gas Industry, Barents Sea, Equity Stakes in the Snøhvit Field by Company (%), 2011
Figure 18: Oil and Gas Industry, Norway, Location of the Announced Exploration Blocks for the 22nd Licensing Round, 2012
Figure 19: Oil and Gas Industry, Norway, Location of Area Mapped by Norwegian Petroleum Directorate in the Southeastern Barents Sea, 2012
Figure 20: Oil and Gas Industry, Norway, Location of the Havis Discovery in the Barents Sea, 2012
Figure 21: Oil and Gas Industry, Norway, Location of the Skrugard Discovery in the Barents Sea, 2011
Figure 22: Oil and Gas Industry, Norway, Location of the Snøhvit Field in the Barents Sea, 2012
Figure 23: Oil and Gas Industry, Norway, Production Forecast of the Norwegian Barents Sea (mmboe), 2013–2020
Figure 24: Oil and Gas Industry, Norway, Location of the Goliat Field in the Barents Sea, 2012
Figure 25: Statoil, Planned Production Infrastructure for the Skrugard and Havis Discoveries in the Barents Sea, 2013
Figure 26: Oil and Gas Industry, Norway, Major Operators by Number of Active Exploration Blocks in the Norwegian Barents Sea, 2012
Figure 27: Oil and Gas Industry, Norway, Oil and Gas Discoveries by Operators in the Norwegian Barents Sea, 2008–2012
Figure 28: Statoil, Drilling Status for the Barents Sea, 2012
Figure 29: Statoil, Share in the Production of Oil and Gas in the Snøhvit Field (mmboe), 2007–2012
Figure 30: Oil and Gas Industry, Russia, Oil and Gas Fields in the Russian Barents Sea and the Kara Sea
Figure 31: Oil and Gas Industry, Russia, Planned Natural Gas Production Scheme at the Shtokman Field in the Barents Sea, 2013
Figure 32: Oil and Gas Industry, Russia, Production and Delivery of Gas from the Shtokman Field in the Barents Sea, 2013
Figure 33: Oil and Gas Industry, Russia, Location of the Fedynsky Block in the Barents Sea, 2012

Published By: GlobalData
Product Code: GlobalData27534


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