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Home > Market Research > Oil & Gas > The World Offshore Oil & Gas Production & Spend Forecast 2008-2012
The World Offshore Oil and Gas Production and Spend Forecast 2008-2012 is a unique, wide-ranging and comprehensive study of the long term future for the global offshore oil and gas industry. This fully updated study presents a detailed analysis of oil and gas production capacity and spending in every existing and potential offshore producing region in the world for each year through to 2012.
The report combines analysis of primary data with a practical evaluation of the commercial realities in each region to create the only comprehensive, longer term outlook for offshore activity currently available anywhere. It is an invaluable business planning tool for gauging the future offshore investment potential of individual countries and regions, and for helping producers and service suppliers develop strategic plans for the future and set project priorities.
PRODUCTION FORECASTS
Offshore oil & gas fields are distributed throughout the world but just three regions - the North Sea, the Gulf of Mexico and the South China Sea - attract over 50% of spending. Yet relative shares are changing, with steady growth forecast everywhere except Western Europe but with the Atlantic margin off West Africa and Brazil plus the Persian Gulf now attracting much greater spending levels.
The report quantifies oil and gas developments throughout the world, including the major new and expanding areas such as in the Caspian Sea and Sakhalin Island. It is also unique in providing forecasts of annual oil and gas production additions for each offshore region after applying natural decline to developed output.
DEEP WATER PRODUCTION & SPEND
The World Offshore Oil and Gas Production and Spend Forecast 2008-2012 identifies the scale of opportunity and future potential for all offshore areas and also subdivides these into shallow and deep waters. The huge transfer of expenditure from the traditional shallow water areas of the North Sea and Gulf of Mexico to the deepwaters of Brazil, the Gulf of Mexico, West Africa and elsewhere is clearly analysed, taking into account the key dynamic influences that impact future events.
EXPENDITURE FORECASTS
The World Offshore Oil and Gas Production and Spend Forecast 2008-2012 is the definitive study of the global offshore oil and gas market, unfolding the long term future in exhaustive detail. Production, capital expenditure and operational expenditure levels are charted & tabulated by region, including all potential spend sectors.
1 SUMMARY & CONCLUSIONS
2 THE OFFSHORE OIL AND GAS INDUSTRY - An introduction including: history, exploration, development and production, commercial evaluation and licensing of offshore areas, exploitation of deepwaters and definitions.
3 THE AMERICAS - The Gulf of Mexico, California, Alaska, Newfoundland, Nova Scotia, Arctic Canada, Mexico, Trinidad & Tobago, Venezuela, Brazil, Caribbean, Other Latin America.
4 EUROPE & THE FSU - United Kingdom, Norway, Denmark, Germany, The Netherlands, Other North West Europe, Mediterranean Europe, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Other Former Soviet Union.
5 AFRICA & MIDDLE EAST - Saudi Arabia, United Arab Emirates, Iran, Qatar, Bahrain, Turkey, Other Middle East, Egypt, Libya, Tunisia, Mauritania, Other North and Northwest Africa, Nigeria, Angola, Equatorial Guinea, Congo Brazzaville, Cameroon, Gabon, Other West Africa, South Africa and Other South and East Africa
6 ASIA PACIFIC - India, Bangladesh, China, Indonesia, Malaysia, Brunei, Thailand, Vietnam, Myanmar, Philippines and Other Asia, Australia, Timor Leste, New Zealand, Papua New Guinea, and Other Australasia.
7 GLOBAL SUMMARY � Quantitative details on all areas and including: 22 regional production forecasts for shallow and deep water oil and gas and charts showing relative shares.
8 SPEND BY SECTOR & TYPE � Quantitative details of oil and gas production additions by year, Opex and Capex by water depth and sector comparisons and charts.
9 REGIONAL SPENDING REVIEW - Quantitative details of Opex and Capex and summaries for 22 regions and by water depth.
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Table of Contents
Contents
1 Summary and Conclusions 15
1.1 Report scope and structure 16
1.2 Regional production summary 17
1.3 Regional Opex spend summary 18
1.4 Regional Capex spend summary 19
1.5 Main results 20
1.6 Conclusions 21
2 The Offshore Oil and Gas Industry 23
2.1 Summary 24
2.2 Introduction 24
2.3 First operations over water 25
2.4 Exploiting the open seas 26
2.5 Rapid advancements in drilling and production 27
2.6 The modern era 29
2.7 Locating where to drill 30
2.8 Offshore drilling 32
2.9 Production from offshore areas 35
2.10 Commercial evaluation and licensing of offshore areas 39
2.11 Exploitation of deep waters 41
2.12 Definitions 43
3 Regional Production Review: The Americas 51
3.1 Introduction 52
3.2 NORTH AMERICA 53
3.3 LATIN AMERICA 64
4 Regional Production Review: Europe and the FSU 81
4.2 EASTERN EUROPE AND THE FSU 97
5 Regional Production Review: Africa and the Middle East 113
5.1 Introduction 114
5.2 AFRICA 115
5.3 THE MIDDLE EAST 139
6 Regional Production Review: Asia Pacific 153
6.1 Introduction 154
6.2 ASIA 155
6.3 AUSTRALIA 177
7 Regional Production Review: Global Summary 187
7.1 Introduction 188
7.2 Global regional summary: Shallow water oil 190
7.3 Global regional summary: Deep water oil 192
7.4 Global regional summary: Shallow water gas 194
7.5 Global regional summary: Deep water gas 196
7.6 Global regional summary: Shallow water oil and gas 198
7.7 Global regional summary: Deep water oil and gas 200
7.8 Global regional summary: All water depths 202
7.9 Global regional summary: Shallow vs. Deep 203
7.10 Global regional summary: Oil vs. Gas 204
8 Production Spend by Sector and Type 205
8.1 Introduction ::206
8.2 Shallow water production additions 206
8.3 Deep water production additions 208
8.4 Price movements 210
8.5 Details of Opex sector spend 211
8.6 Global summary: Capex vs. Opex 213
8.7 Global summary: Shallow Capex/Opex vs. Deep Capex/Opex 215
9 Regional Spending Review 217
9.1 Introduction 218
9.2 North America 219
9.3 Latin America 220
9.4 Western Europe 221
9.5 Eastern Europe and the FSU 222
9.6 Africa 223
9.7 The Middle East 224
9.8 Asia 225
9.9 Australasia 226
9.10 Global Capex summary 227
9.11 Global Opex summary 229
9.12 Shallow Capex summary 231
9.13 Deep Capex summary 233
9.14 Shallow Opex summary 235
9.15 Deep Opex summary 237
9.16 Shallow Capex/Opex summary 239
9.17 Deep Capex/Opex summary 241
9.18 Global Capex/Opex summary 243
Figures
Figure 1: Offshore Production � Regional volume summary 17
Figure 2: Offshore Opex � Regional spend summary 18
Figure 3: Offshore Capex � Regional spend summary 19
Figure 4: The Summerland oilfield piers in the 1900s 25
Figure 5: Concrete platforms in Lake Maracaibo in the 1930s 26
Figure 6: Breton Rig 20 � the first self-contained submersible 27
Figure 7: A Jackup rig 27
Figure 8: A Drillship rig 28
Figure 9: A Semisubmersible rig 28
Figure 10: Offshore Oil Production by Region from 1960 30
Figure 11: Offshore Gas Production by Region from 1960 30
Figure 12: Schematic of offshore seismic survey 31
Figure 13: Artists impression of new seismic vessel 31
Figure 14: Estimated Offshore Wells Drilled by Region from 1993 32
Figure 15: Development of production systems in the GOM 36
Figure 16: Diagram of typical FPSO set-up 36
Figure 17: The Benguela-Belize-Tomboco compliant tower in Angola 37
Figure 18: The Thunder Horse semi-submersible listing in July 2005 37
Figure 19: The Ram-Powell TLP in 980m of water in the GOM 38
Figure 20: Schematic of Tahiti Spar platform due onstream in 2009 in the GOM 38
Figure 21: The Independence Hub designed for 2,438m of water in the GOM 39
Figure 22: Deep Waters � Drilling in Increased Water Depths 41
Figure 23: Deep water Oil Production by Region from 1985 42
Figure 24: Deep water Gas Production by Region from 1985 43
Figure 25: Cumulative Offshore Oil Production by Region 46
Figure 26: Cumulative Offshore Gas Production by Region 47
Figure 27: The Americas � Offshore Oil and Gas Production 1992-2012 52
Figure 28: North America � Offshore Oil and Gas Production 1992-2012 53
Figure 29: The Drake Well in Pennsylvania (reconstruction) 54
Figure 30: Offshore platform in the Santa Barbara Channel 57
Figure 31: Monopod platform in the Cook Inlet 58
Figure 32: Hibernia field platform 60
Figure 33: North America � Offshore Oil Production 1985-2025 63
Figure 34: North America � Offshore Gas Production 1985-2025 63
Figure 35: Latin America � Offshore Oil and Gas Production 1992-2012 64
Figure 36: Central America � Offshore Oil and Gas Production 1992-2012 65
Figure 37: Part of the Campeche field platform complex 66
Figure 38: La Brea Pitch Lake, southwest Trinidad 67
Figure 39: Setting up for drilling on Varadero ::70
Figure 40: Economic Zone, Cuba ::70
Figure 41: South America � Offshore Oil and Gas Production 1992-2012 71
Figure 42: FPSO II Marlim Sul 72
Figure 43: Sevan Piranema FPSO 75
Figure 44: Power plant at Machala 77
Figure 45: Latin America � Offshore Oil Production 1985-2025 80
Figure 46: Latin America � Offshore Gas Production 1985-2025 ::80
Figure 47: Europe and FSU � Offshore Oil and Gas Production 1992-2012 82
Figure 48: Western Europe � Offshore Oil and Gas Production 1992-2012 83
Figure 49: North West Europe � Offshore Oil and Gas Production 1992-2012 ::84
Figure 50: The Stafford field in the Northern North Sea ::85
Figure 51: Ekofisk platform (one of 14) and tank before decommissioning ::87
Figure 52: Schematic of Ormen Lange field 88
Figure 53: Mittelplate field development in the tidal flat ::90
Figure 54: Location of Ireland�s gas fields 92
Figure 55: Southern Europe � Offshore Oil and Gas Production 1992-2012 93
Figure 56: Western Europe � Offshore Oil Production 1985-2025 96
Figure 57: Western Europe � Offshore Gas Production 1985-2025 96
Figure 58: Eastern Europe and FSU � Offshore Oil and Gas Production 1992-2012 ::97
Figure 59: Installation of the Galata platform 98
Figure 60: Location of Shtokman field ::100
Figure 61: Sakhalin I Location Map 101
Figure 62: Sakhalin II Molikpaq platform ::102
Figure 63: Early development of the Gunashli field 105
Figure 64: Location Map, Caspian Sea export routes 106
Figure 65: Shah Deniz TPG 500 platform 107
Figure 66: Drilling on an artificial island in Kashagan 108
Figure 67: Dragon�s Lam development, Turkmenistan 109
Figure 68: Eastern Europe and FSU � Offshore Oil Production 1985-2025 ::111
Figure 69: Eastern Europe and FSU � Offshore Gas Production 1985-2025 111
Figure 70: Africa/Middle East � Offshore Oil and Gas Production 1992-2012 ::114
Figure 71: Africa � Offshore Oil and Gas Production 1992-2012 115
Figure 72: N and NW Africa � Offshore Oil and Gas Production 1992-2012 116
Figure 73: Location of BGs offshore gas projects in Egypt 117
Figure 74: The Chinguetti FPSO, Mauritania 120
Figure 75: West Africa � Offshore Oil and Gas Production 1992-2012 122
Figure 76: Bonga FPSO, deep water Nigeria 125
Figure 77: Alba field location map, Equatorial Guinea ::128
The World Offshore Oil and Gas Production and Spend Forecast 2008-2012
Contents
Figure 78: Etame field location map, Gabon 130
Figure 79: Location map, offshore Cabinda 133
Figure 80: Girassol field FPSO, Angola 134
Figure 81: Greater Plutonio FPSO, Angola 134
Figure 82: S and E Africa � Offshore Oil and Gas Production 1992-2012 136
Figure 83: Africa � Offshore Oil Production 1985-2025 138
Figure 84: Africa � Offshore Gas Production 1985-2025 138
Figure 85 The Middle East � Offshore Oil and Gas Production 1992-2012 139
Figure 86: Location of offshore fields, Kuwait 142
Figure 87: Location of North field, Qatar 145
Figure 88: North field gas production platform, Qatar 145
Figure 89: First well on Umm Shaif in 1959, Abu Dhabi 147
Figure 90: Location map of gas discoveries in Black Sea, Turkey 150
Figure 91: The Middle East � Offshore Oil Production 1985-2025 152
Figure 92: The Middle East � Offshore Gas Production 1985-2025 152
Figure 93: Asia Pacific � Offshore Oil and Gas Production 1992-2012 154
Figure 94: Asia � Offshore Oil and Gas Production 1992-2012 155
Figure 95: North Asia � Offshore Oil and Gas Production 1992-2012 156
Figure 96: Drilling in the Bohai Gulf, China 157
Figure 97: South Asia � Offshore Oil and Gas Production 1992-2012 160
Figure 98: Mumbai High platforms, India 161
Figure 99: Southeast Asia � Offshore Oil and Gas Production 1992-2012 164
Figure 100: Java Sea platform, Indonesia 165
Figure 101: West Seno TLP, Indonesia 166
Figure 102: Kikeh FPSO, Sabah Malaysia 169
Figure 103: Yetagun gas platform, Myanmar 170
Figure 104: Location map, basins offshore Thailand 171
Figure 105: Location map, basins offshore Vietnam 173
Figure 106: Malampaya gravity platform, Philippines 175
Figure 107: Asia � Offshore Oil Production 1985-2025 176
Figure 108: Asia � Offshore Gas Production 1985-2025 176
Figure 109: Australasia � Offshore Oil and Gas Production 1992-2012 177
Figure 110: Barracouta conventional steel platform, Australia 178
Figure 111: Jabiru Venture FPSO, Bonaparte Australia 180
Figure 112: Bayu-Indan platform, Timor Sea 182
Figure 113: Location map, Taranaki Basin, New Zealand 183
Figure 114: Arctic Sunrise, Greenpeace boat, Antarctica 185
Figure 115: Australasia � Offshore Oil Production 1985-2025 186
Figure 116: Australasia � Offshore Gas Production 1985-2025 186
Figure 117: All Regions � Offshore Production 1992 to 2012 189
Figure 118: All Regions � Shallow Water Oil Production 2003 to 2012 191
Figure 119: All Regions � Deep Water Oil Production 2003 to 2012 193
Figure 120: All Regions � Shallow Water Gas Production 2003 to 2012 195
Figure 121: All Regions � Deep Water Gas Production 2003 to 2012 ::197
Figure 122: All Regions � Shallow Water Oil and Gas Production 2003 to 2012 199
Figure 123: All Regions � Deep Water Oil and Gas Production 2003 to 2012 ::201
Figure 124: All Water Depths � Offshore Oil and Gas Production 2003 to 2012 202
Figure 125: Shallow vs. Deep � Offshore Oil and Gas Production 2003 to 2012 203
Figure 126: Oil vs. Gas � Offshore Oil and Gas Production 2003 to 2012 ::204
Figure 129: Shallow Additions � New Oil and Gas 2003 to 2012 206
Figure 130: Deep Additions � New Oil and Gas 2003 to 2012 208
Figure 131: Inflation/Deflation � Price Movements 1992 to 2011 210
Figure 132: All Regions � Opex Spend 2003 to 2012 211
Figure 134: All Sectors � Capex vs. Opex Spend 2003 to 2012 213
Figure 135: Shallow vs. Deep � Capex/Opex 2003 to 2012 ::215
Figure 136: All Regions � Capex/Opex 2003 to 2012 218
Figure 137: North America � Capex/Opex 2003 to 2012 219
Figure 138: Latin America � Capex/Opex 2003 to 2012 ::220
Figure 139: Western Europe � Capex/Opex 2003 to 2012 221
Figure 140: Eastern Europe and FSU � Capex/Opex 2003 to 2012 ::222
Figure 141: Africa � Capex/Opex 2003 to 2012 223
Figure 142: The Middle East � Capex/Opex 2003 to 2012 224
Figure 143: Asia � Capex/Opex 2003 to 2012 ::225
Figure 144: Australia � Capex/Opex 2003 to 2012 226
Figure 145: Regional Spends � Capex 2003 to 2012 228
Figure 146: Regional Spends � Opex 2003 to 2012 ::230
Figure 147: Shallow Spend � Capex 2003 to 2012 232
Figure 148: Deep Spend � Capex 2003 to 2012 234
Figure 149: Shallow Spend � Opex 2003 to 2012 ::236
Figure 150: Deep Spend � Opex 2003 to 2012 238
Figure 151: Shallow Spend � Capex/Opex 2003 to 2012 240
Figure 152: Deep Spend � Capex/Opex 2003 to 2012 242
Figure 153: All Spend � Capex/Opex 2003 to 2012 ::244
For full details, please email keithw@cmsinfo.com
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