The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021

Date: September 22, 2011
Pages: 141
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US$ 2,635.00
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Publisher: Visiongain
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: A9256998E57EN
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The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021
The Arctic remains one of the final frontier areas for oil and gas exploration. Strong oil prices, more advanced offshore equipment and receding sea ice are leading to a growing interest in the Arctic. The Arctic contains a number of basins supporting positive geology for hydrocarbon occurrence, and with the Arctic onshore industry already having provided significant discoveries, the Arctic offshore will provide opportunities for future E&P growth. Visiongain has calculated the Arctic oil & gas E&P market to be worth $11.93bn in 2011.

Though the industry will be faced with the restraints of overcoming environmental concerns, huge distances to market and challenging operating conditions, the Arctic oil and gas E&P market is likely to provide substantial opportunities for potential investors. The considerable oil and gas potential of the Arctic and the high price of oil currently make this high risk, high reward E&P region one of the most exciting in the world.

The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report examines this pivotal area of the oil and gas industry with in-depth analysis of global and national oil & gas E&P markets. The report provides detailed market forecasts for global and national spending on Arctic E&P over the next ten years as well as breaking down the market into onshore and offshore investment. The various drivers and restraints of each national market are evaluated in order to provide readers with specific insights into the future direction of the Arctic E&P market. The report also describes the major challenges of the Arctic oil & gas E&P industry and looks at the technologies that have helped to access the harsh environment.

Although the Arctic has incredible potential, with the United States Geological Survey (USGS) estimating 90 billion barrels of undiscovered oil and 1,668 trillion cubic feet of undiscovered gas, a calculated and cautious approach to exploitation will be vital to optimal development. Due to the lack of geological data transparency in the Arctic, oil and gas exploration and production will be a high risk, high reward venture in which only the most experienced companies can compete.

How much will global spending on Arctic E&P increase between 2011 and 2021? Which factors will drive and influence spending in each of the Arctic nations? Which of the Arctic nations will see significant growth over the next ten years? Which companies will be the key players in the Arctic E&P market? What are the opinions of key experts in the sector? These critical questions and many more are definitively answered in this comprehensive report.

Comprehensive analysis of the Arctic oil & gas exploration & production (E&P) market

The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report examines this sector critically with a comprehensive review of annual reports, corporate releases, company information, recent contracts, news reports, industry publications, market analysis and expert consultation. The report provides detailed market forecasts for Arctic E&P in the global, onshore and offshore markets. Extensive analysis and forecasts are also prepared for the major national Arctic E&P markets, including a breakdown of country specific drivers and restraints. A strengths, weaknesses, opportunities and threats (SWOT) analysis is included as well as transcripts of two original interviews with industry experts. This package of analysis cannot be obtained anywhere else.

The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report examines this sector critically, with a comprehensive review of recent annual reports, corporate publications, company feedback, news reports, industry publications, market analysis and extensive expert consultation. You will not find this mix of market data and analysis anywhere else.

Why you should buy The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report

The main benefits from purchasing this report:
  • You will gain a thorough understanding of the Arctic oil & gas E&P market and learn how it will evolve over the next decade, with quantified global expenditure forecasts from 2011 to 2021.
  • The analysis has been informed by extensive consultation with industry experts. Two full transcripts of exclusive and original interviews are included from Arctic experts, including a Petroleum Geologist and the CEO of an infrastructure company:
    • Snorre Olaussen, Professor of Arctic Petroleum Geology at the University Centre in Svalbard (UCIS).
    • Thomas Young, President and CEO of CivTek International.
  • You will be able to study 64 tables, charts and graphs quantifying, analysing and forecasting the Arctic oil & gas E&P market over the period 2011-2021.
  • You will receive separate Arctic oil & gas E&P spending forecasts from 2011-2021 for the two main submarkets giving insight into which will develop most rapidly:
    • Onshore Arctic E&P
    • Offshore Arctic E&P
  • You will receive national market forecasts from 2011-2021 for the five major Arctic oil & gas E&P nations including country specific drivers and restraints and an analysis of Iceland's arctic E&P potential.
    • Russian Arctic
    • US Arctic
    • Norwegian Arctic
    • Greenlandic Arctic
    • Canadian Arctic
    • Icelandic Arctic (analysis only)
  • You will receive profiles of 21 of the leading companies in the Arctic E&P industry with details of which Arctic E&P projects they are involved with.
  • You will receive a SWOT analysis for strengths, weaknesses, opportunities and threats to the Arctic E&P industry from 2011 onwards.
You can order this report today.

Anybody with a need to understand more about the future of this crucial area of the oil and gas business should gain valuable information and insight from this new study. The Arctic oil & gas E&P market offers substantial business and investment opportunities and is an increasingly lucrative sector.

Gain an understanding of how to tap into the huge potential of this exciting market by ordering The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report today.
1. EXECUTIVE SUMMARY

1.1 Arctic Oil & Gas Exploration & Production Market Overview
1.2 Drivers and Restraints in the Arctic Oil & Gas Exploration & Production Market
  1.2.1 Drivers
  1.2.2 Restraints
1.3 Highlights of the Report
1.4 Benefits of the Report
1.5 Methodology
1.6 The Global Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  1.6.1 The Onshore Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  1.6.2 The Offshore Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
1.7 Leading National Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021

2. INTRODUCTION TO THE ARCTIC OIL & GAS EXPLORATION & PRODUCTION MARKET

2.1 Arctic Exploration & Production Market Definition
2.2 Sovereignty Claims in the Arctic
2.3 Major Challenges of Arctic Exploration & Production
2.4 Current Oil & Gas Production in the Arctic
2.5 The Potential of the Arctic for New Oil & Gas Discoveries

3. THE GLOBAL ARCTIC OIL & GAS EXPLORATION & PRODUCTION MARKET FORECAST 2011-2021

3.1 The Global Onshore Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
3.2 The Global Offshore Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
3.3 Onshore vs Offshore Arctic Oil & Gas Exploration & Production Comparison 2011-2021

4. LEADING NATIONAL ARCTIC OIL & GAS EXPLORATION & PRODUCTION MARKETS FORECAST 2011-2021

4.1 The Russian Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  4.1.1 Russian Arctic Oil & Gas Production
  4.1.2 Russian Arctic E&P Projects
  4.1.3 Russian Arctic Oil & Gas Potential
  4.1.4 Drivers and Restraints in the Russian Arctic E&P Market
  4.1.5 The Russian Arctic E&P Market Summary
4.2 The US Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  4.2.1 US Arctic Oil & Gas Production
  4.2.2 US Arctic E&P Projects
  4.2.3 US Arctic Oil & Gas Potential
  4.2.4 Drivers and Restraints in the US Arctic E&P Market
  4.2.5 The US Arctic E&P Market Summary
4.3 The Norwegian Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  4.3.1 Norwegian Arctic Oil & Gas Production
  4.3.2 Norwegian Arctic E&P Projects
  4.3.3 Norwegian Arctic Oil & Gas Potential
  4.3.4 Drivers and Restraints in the Norwegian Arctic E&P Market
  4.3.5 The Norwegian Arctic E&P Market Summary
4.4 The Greenlandic Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  4.4.1 Greenlandic Arctic Oil & Gas History
  4.4.2 Greenlandic Arctic E&P Projects
  4.4.3 Greenlandic Arctic Oil & Gas Potential
  4.4.4 Drivers and Restraints in the Greenlandic Arctic E&P Market
  4.4.5 The Greenlandic Arctic E&P Market Summary
4.5 The Canadian Arctic Oil & Gas Exploration & Production Market Forecast 2011-2021
  4.5.1 Canadian Arctic Production History
  4.5.2 Canadian Arctic E&P Projects
  4.5.3 Canadian Arctic Oil & Gas Potential
  4.5.4 Drivers and Restraints in the Canadian Arctic E&P Market
  4.5.5 The Canadian Arctic E&P Market Summary
4.6 Oil & Gas Exploration & Production in the Icelandic Arctic
  4.6.1 Drivers and Restraints in the Icelandic Arctic E&P Market
  4.6.2 The Icelandic Arctic E&P Summary

5. SWOT ANALYSIS OF THE ARCTIC OIL & GAS EXPLORATION & PRODUCTION MARKET 2011-2021

5.1 Strengths
  5.1.1 High Oil Price
  5.1.2 New Technology
  5.1.3 Global Warming
5.2 Weaknesses
  5.2.1 Undefined International Maritime Boundaries
  5.2.2 Extreme Conditions and Higher Costs
  5.2.3 Environmental Impact
  5.2.4 More Gas than Oil
  5.2.5 Distance to Market
5.3 Opportunities
  5.3.1 Vast Unexplored Areas
  5.3.2 Unconventional Oil
5.4 Threats
  5.4.1 Environmental Lobby
  5.4.2 Unconventional Gas and Low Natural Gas Price
  5.4.3 Oil Spills

6. ARCTIC ENABLING TECHNOLOGIES

6.1 Seismic Technology
6.2 Arctic Drilling Platforms
  6.2.1 Artificial Islands
  6.2.2 Caisson Retained Island (CRI)
  6.2.3 Steel Drilling Caisson (SDC)
  6.2.4 Drilling Units and Drillships
6.3 Extended Reach Drilling (ERD)
6.4 Subsea Installations
6.5 Ice Management Systems
6.6 Oil Spill Prevention and Response
6.7 Emerging Arctic Technologies
  6.7.1 Material Technology
  6.7.2 Topside Developments
  6.7.3 Subsea Developments

7. EXPERT OPINION

7.1 Snorre Olaussen - Petroleum Geology Expert
  7.1.1 The Future of Oil & Gas in the Norwegian Arctic
  7.1.2 Geological Support for East Greenland Sea Oil & Gas
  7.1.3 The Prospects of the Svalbard Archipelago for Oil & Gas Discoveries
  7.1.4 Evaluation of the Jan Mayen Ridge
  7.1.5 The Accuracy of Current Oil & Gas Estimates in the Arctic
7.2 CivTek International
  7.2.1 CivTek's involvement in Arctic Engineering Projects
  7.2.2 The Effect of Harsh Arctic Weather on Materials Such as Steel and Concrete
  7.2.3 The Impact of Arctic Conditions on Personnel
  7.2.4 The Unique Characteristics of Permafrost Causes Difficulties in Arctic Engineering
  7.2.5 CivTek's String Rail Technology
  7.2.6 The Speed of Construction of String Rail
  7.2.7 The Advantages of String Rail
  7.2.8 String Rail Copes With Heavy Oil & Gas Equipment
  7.2.9 CivTek's Current String Rail Projects

8. LEADING COMPANIES IN THE ARCTIC OIL & GAS EXPLORATION & PRODUCTION MARKET

8.1 BP plc
8.2 Cairn Energy
8.3 CGGVeritas
8.4 Chevron Corporation
8.5 ConocoPhillips
8.6 DONG Energy
8.7 Eni
8.8 ExxonMobil Corporation
8.9 Husky Energy
8.10 Lukoil
8.11 Nunaoil A/S
8.12 OAO Gazprom
8.13 PA Resources AB
8.14 Petoro
8.15 Petroleum Geo-Services (PGS)
8.16 Polarcus Limited
8.17 Rosneft
8.18 Royal Dutch Shell
8.19 Statoil
8.20 TGS-NOPEC
8.21 Total AS

9. CONCLUSIONS

9.1 The Arctic Oil & Gas Exploration & Production Market Overview
9.2 The Global Arctic Oil & Gas Exploration & Production Market
  9.2.1 The Global Onshore Arctic Exploration & Production Market
  9.2.2 The Global Offshore Arctic Exploration & Production Market
9.3 Strong Growth National Arctic Exploration & Production Markets
9.4 Moderate Growth National Arctic Exploration & Production Markets
9.5 High Growth Emerging Arctic Exploration & Production Markets
9.6 Concluding Observations

10. GLOSSARY

LIST OF TABLES

Table 2.1 USGS Undiscovered Arctic Hydrocarbon Estimates by Basin (MMBO, BCFG, MMBNGL, MMBOE)
Table 3.1 Global Arctic Oil & Gas E&P Market Forecast 2011-2021 ($m, AGR %)
Table 3.2 Global Arctic Oil & Gas E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.3 Global Onshore Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 3.4 Global Onshore Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 3.5 Global Offshore Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 3.6 Global Offshore Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.1 Leading National Arctic Oil & Gas E&P Markets Forecast 2011-2021 ($m, AGR %)
Table 4.2 Russian Arctic E&P Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.3 Russian Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 4.4 Russian Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.5 Drivers and Restraints in the Russian Arctic E&P Market
Table 4.6 US Arctic E&P Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.7 US Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 4.8 US Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.9 Drivers and Restraints in the US Arctic E&P Market
Table 4.10 Norwegian Arctic E&P Market Forecast Summary 2011, 2016 and 2021 ($bn, Rank, % Share, CAGR %, Cumulative)
Table 4.11 Norwegian Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 4.12 Norwegian Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.13 Drivers and Restraints in the Norwegian Arctic E&P Market
Table 4.14 Greenlandic Arctic E&P Market Forecast Summary 2011, 2016 and 2021 ($m, Rank, % Share, CAGR %, Cumulative)
Table 4.15 Greenlandic Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 4.16 Greenlandic Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.17 Greenlandic Arctic Offshore Licences (Exploration Block & Licence Holders, %)
Table 4.18 Drivers and Restraints in the Greenlandic Arctic E&P Market
Table 4.19 Canadian Arctic E&P Market Forecast Summary 2011, 2016 and 2021 ($m, Rank, % Share, CAGR %, Cumulative)
Table 4.20 Canadian Arctic E&P Market Forecast 2011-2021 ($m, AGR %)
Table 4.21 Canadian Arctic E&P Market Forecast CAGR (%) 2011-2021, 2011-2016, and 2016-2021
Table 4.22 Drivers and Restraints in the Canadian Arctic E&P Market
Table 4.23 Drivers and Restraints in the Icelandic Arctic E&P Market
Table 5.1 SWOT Analysis of the Arctic Oil & Gas Exploration & Production Market 2011-2021
Table 5.2 USGS Estimated Undiscovered Oil, Gas and Natural Gas Liquids (MMBOE, % of Total)
Table 8.1 The Top 15 Oil & Gas Companies by Market Value ($bn) & the Nations in which they Operate High Arctic Projects

LIST OF FIGURES

Figure 2.1 Definition of Maritime Boundaries According to the UNCLOS (nautical miles)
Figure 2.2 Approximate International Arctic Maritime Boundaries and 200nm Limit
Figure 2.3 USGS Undiscovered Arctic Oil Estimates (billion barrels)
Figure 2.4 USGS Undiscovered Arctic Gas Estimates (trillion cubic feet)
Figure 3.1 Global Arctic Oil & Gas E&P Market Forecast 2011-2021 ($m)
Figure 3.2 Global Onshore Arctic E&P Market Forecast 2011-2021 ($m)
Figure 3.3 Global Offshore Arctic E&P Market Forecast 2011-2021 ($m)
Figure 3.4 Onshore vs Offshore Arctic Oil & Gas E&P Forecast 2011-2021($m)
Figure 3.5 Onshore vs Offshore Arctic E&P Market Share Forecast 2011 (%)
Figure 3.6 Onshore vs Offshore Arctic E&P Market Share Forecast 2016 (%)
Figure 3.7 Onshore vs Offshore Arctic E&P Market Share Forecast 2021 (%)
Figure 4.1 Leading National Arctic Oil & Gas E&P Markets Forecast 2011-2021 ($m)
Figure 4.2 Leading National Arctic Oil & Gas E&P Markets Forecast CAGR 2011-2016 and 2016-2021 (%)
Figure 4.3 Russian Arctic E&P Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.4 Russian Arctic E&P Market Forecast 2011-2021 ($m)
Figure 4.5 US Arctic E&P Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.6 US Arctic E&P Market Forecast 2011-2021 ($m)
Figure 4.7 US Oil Production and Imports 2000-2010 (Million barrels per Day)
Figure 4.8 Norwegian Arctic E&P Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.9 Norwegian Arctic E&P Market Forecast 2011-2021 ($m)
Figure 4.10 Greenlandic Arctic E&P Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.11 Greenlandic Arctic E&P Market Forecast 2011-2021 ($m)
Figure 4.12 Canadian Arctic E&P Market Share Forecast 2011, 2016 and 2021 (% Share)
Figure 4.13 Canadian Arctic E&P Market Forecast 2011-2021 ($m)
Figure 5.1 Global Discoveries of Conventional Oil 1960-2010 (Billion Barrels per Year)
Figure 5.2 WTI Oil Price, Short-term Forecast and NYMEX Futures Price January 2010 to July 2012 ($/barrel)
Figure 5.3 Concentration of Arctic Sea Ice 1979-2000, 2005 and 2007 Median Minimum
Figure 5.4 Annual Mean Temperature Inuvik, N.W.T., Canada 1957-2011 (?C)
Figure 5.5 Henry Hub Natural Gas Price ($/MMBTU) vs US Shale Gas Production (Bcf), January 2007 - July 2011
Figure 6.1 Arctic Drilling Platforms by Type with Approximate Depth Rating (ft)
Figure 6.2 The Interactions of Oil with Ice

COMPANIES LISTED

AAR Consortium
Access Industries
AGR Drilling Services
Aker Solutions
Alfa Group
Anadarko
Barclays Capital
Bashneft
BP plc
Brooks Range Petroleum Corporation (BRPC)
Cairn Energy
CGGVeritas
Chevron Corporation
China National Offshore Oil Corporation (CNOOC)
CivTek International
ConocoPhillips
Dalmornefte Geophysica Yuzhno-Sakhalinsk (DMNG)
DNV (Det Norske Veritas)
DONG Energy
Ecopetrol
Enel
Eni
Eni Norge AS
Exxon Neftegas
ExxonMobil Canada Properties
ExxonMobil Corporation
FLEX LNG
Forbes
Gazprom Neft
GDF
GDF Suez
Hess
Hoegh LNG
Husky Energy
Hyundai Heavy Industries
Imperial Oil
Japan National Oil Corporation (JNOC)
JSC Geotech Holding
KANUMAS Group - including ExxonMobil, Statoil, BP, Japan National Oil Corporation (JNOC), Chevron, Shell and Nunaoil A/S.
Korea Gas (KOGAS)
Lukoil
Lundin Petroleum AB
Mackenzie Valley Consortium
Maersk
Mitsubishi
Mitsui
Naryanmarneftegaz
Nenets Oil Company
Nordic Maritime
Novatek
Nunaoil A/S
OAO Gazprom
OOO SeverEnergia
PA Resources AB
Petoro
Petrobras
Petrochina
Petroleum Geo-Services (PGS)
Petronas
Pioneer Natural Resources
Polar Lights Company (PLC)
Polarcus Limited
Renova
Rosneft
Rospan International
Royal Dutch Shell (Shell)
RWE Dea
RWE Dea Norge
Saipem
Seabird Exploration
Sevan Marine
Severnaya Neft
Sevmash
Shell E&P
Shell Oil Company
Shtokman Development AG
Sinopec
Sovcomflot
Spring Energy
Statoil
Statoil USA E&P
Talisman Energy Norge
TGS-NOPEC
TNK-BP
Total AS
Total E&P Norge AS
Total Razvedka Razrabotka Yamal
Transneft
Transocean
Wavefield-Inseis
WesternGeco
Zarubezhneft
Government Agencies and Other Organisations Mentioned in This Report
Belgian Polar Secretariat
Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)
Energy Information Administration (EIA)
European Union (EU)
Greenland Home Rule Government
Greenpeace
Harvard University
London Stock Exchange (LSE)
Moscow Stock Exchange (MICEX)
National Aeronautics and Space Administration (NASA)
National Oceanic and Atmospheric Administration (NOAA)
New York Stock Exchange (NYSE)
Norwegian Ministry of Petroleum and Energy
Norwegian Petroleum Directorate (NPD)
Orkustofnun
Oslo Stock Exchange (OSE)
Russian Natural Resource Ministry
United Nations (UN)
University Centre in Svalbard (UCIS)
US Arctic Research Commission
US Bureau of Land Management
US Geological Survey (USGS)
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