Increasing Restrictions In Emerging Regions Driving The Oil And Gas Companies Back To Western Countries

Date: May 1, 2010
Pages: 5
Price:
US$ 500.00
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Publisher: GlobalData
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: I24A556859AEN
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Increasing Restrictions In Emerging Regions Driving The Oil And Gas Companies Back To Western Countries
In recent years, the international oil companies (IOC) have increased their interest in exploration and production of oil and gas in the emerging regions of South America and West Africa. With the increase in investments and increased activity, huge reserves have been discovered in these regions which are expected to propel these regions to be among the top producers of oil and gas in the future. The attraction of increased revenues from the extraction of oil and gas from their territories has prompted many of these countries to tighten the oil and gas fiscal regimes and increasingly control the revenues derived from the oil and gas resources in their respective countries. The huge increase in energy prices has made resource rich nations reluctant to allow foreign hold over their resources. Along with this, an unstable political situation is adding to a decrease in the attractiveness of these regions for IOCs. Consequently, there have been instances of the IOCs focusing their attention back on the more stable regions of the OECD countries. The advancement in exploration and production technologies is acting as a key enabler.

Scope
  • Analysis of the exploration and production oil and gas dynamics in the global context.
  • Highlights of the key reasons for the increase in the shift of focus of the oil and gas companies to western countries.
  • Discusses issues such as resource nationalization, OECD crude oil production and consumption, oil and gas discoveries and foreign company access to oil reserves.
Reasons to buy
  • Understand the key reasons behind the shift of focus of the oil and gas companies to western countries.
  • Gain understanding of the implications of resource nationalization and resource rich government restrictions.
1 TABLE OF CONTENTS

1.1 List of figures

2 SUMMARY

3 INCREASING RESTRICTIONS IN EMERGING REGIONS DRIVING THE OIL AND GAS COMPANIES BACK TO WESTERN COUNTRIES

3.1 Decline in OECD Production Forced the E&P Companies to Explore New Areas for Growth
3.2 Increased Investments and Exploration Activity Led To Discovery of Huge Reserves in New Geographic Regions
3.3 Increased Government Involvement In The Sector And Resource Nationalization In The New Geographies Increasing The Restrictions For The IOCs
3.4 High Crude Oil Prices and Technology Advancements Aiding the E&P Companies to Shift Focus Back To Western Countries

4 APPENDIX

4.1 Methodology
  4.1.1 Coverage
  4.1.2 Secondary Research
  4.1.3 Primary Research
  4.1.4 Expert Panel Validation
4.2 Contact Us
4.3 Disclaimer

LIST OF FIGURES

Figure 1: OECD Oil Consumption, Million Barrels Per Day, 2000 - 2009
Figure 2: OECD Crude Oil Production, Million Barrels, 2000 - 2009
Figure 3: Global, Total Number of Oil and Gas Discoveries, 2007-2010
Figure 4: Foreign Company Access To Proven Oil Reserves, 2008
Figure 5: GlobalData Methodology

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