The Future of Deepwater Drilling

Date: January 22, 2011
Pages: 89
Price:
US$ 2,875.00
Publisher: Business Insights
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: F24C8CBFC0AEN
Leaflet:

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The Future of Deepwater Drilling
Introduction

According to the International Energy Agency (IEA), at the end of 2008 the world’s total offshore crude oil reserves was 238bn barrels (approximately 18% of the total oil reserves), of which deepwater oil reserves constituted 25bn barrels. Oil and gas production from deepwater fields started around 1995 and accelerated from 2000, as increasing oil prices made expensive offshore projects viable.

Features and benefits
  • Achieve a comprehensive understanding of the global deepwater oil and gas industry including the drivers and resistors of deepwater operations.
  • Assess the impact of the Deepwater Horizon accident on BP, deepwater operators, oil-field services companies and governments.
  • Predict the implications of the response of the US government on the deepwater oil and gas industry in the US Gulf of Mexico and globally.
  • Analyze the potential impact on deepwater operators due to possible changes in operational and regulatory landscapes.
  • Quantify global deepwater oil production capacity, global deepwater oil and gas exploration wells, and global and US Gulf of Mexico deepwater oil.
Highlights

According to the International Energy Agency (IEA), at the end of 2008 the world’s total offshore crude oil reserves was 238bn barrels (approximately 18% of the total oil reserves), of which deepwater oil reserves constituted 25bn barrels.

Oil and gas production from deepwater fields started around 1995 and accelerated from 2000, as increasing oil prices made expensive offshore projects economically viable.

The growth in deepwater oil and gas industry has been led by the US GoM region due to a favorable regulatory regime and a stable business environment. According to Infield Systems, an energy data provider, oil and gas producing fields in deepwater GoM rose from 32 in 2000 to 112 by 2007.

Your key questions answered
  • What is the current status of the global deepwater oil and gas industry?
  • What are the main deepwater regions and the most promising deepwater regions globally?
  • What are the key drivers and resistors of deepwater oil and gas activities globally today?
  • Is the Deepwater Horizon accident a ‘game changer’ for the deepwater oil and gas industry?
  • What are the possible changes expected to occur in drilling technology, operations, and partner relationships?
EXECUTIVE SUMMARY

Introduction to Deepwater oil and gas drilling
The Macondo oil spill and implications
Evolving deepwater operational landscape
Changing US regulatory framework
Future outlook
[Missing title]
Disclaimer

INTRODUCTION TO DEEPWATER OIL AND GAS DRILLING

Summary
Introduction
Global deepwater operations
  Reserves and potential
Drivers of deepwater operations
  Energy security
Resistors for deepwater operations
  High costs of drilling

THE MACONDO OIL SPILL AND IMPLICATIONS

Summary
The BP Gulf of Mexico accident
  [Missing title]
  Oil spills comparison
  Impact on environment
Response to the spill
  Implications for the global upstream sector

EVOLVING DEEPWATER OPERATIONAL LANDSCAPE

Summary
Deepwater drilling technologies
  Platform types
  Drilling technologies
  Blowout Preventer (BOP)
  Operational safety
Anticipated change in risk mitigation measures
  Emergency response measures
  Oil spill containment and clean-up measures
Possible changes in nature of partner relationships
  Industry consolidation
  Change in contractual obligations

CHANGING US REGULATORY FRAMEWORK

Summary
Introduction
History of US offshore regulation
Possible increase in oversight, safety and environmental safeguards
  Recommendations of the National Commission on the oil spill
Continued uncertainty

FUTURE OUTLOOK

Summary
What next for BP?
  Financial implications of the Deepwater Horizon accident
  Outlook
A business opportunity for oil-field service companies?
The Deepwater Horizon accident – a game changer?
Deepwater oil and gas production forecasts
Glossary
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The Future of Deepwater Drilling
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