'Arctic Oil and Gas Exploration and Production Market to be Worth $11.93bn in 2011' Says Latest visiongain Report
LONDON, September 5, 2011 /PRNewswire/ --
The Arctic remains one of the final frontier areas for oil and gas exploration. Although oil and gas has been produced in the Arctic region for years, many of the vast oil and gas fields that initiated interest in the Arctic are in decline. The high oil price is again driving investment in E&P in this region as the focus gradually moves offshore from the prolific onshore areas. The vast estimated reserves in the Arctic coupled with improving technologies to cope with the harsh Arctic environment have led more companies to explore this region over the last few years. Visiongain has calculated the Arctic oil and gas exploration and production market to be worth $11.93bn in 2011, and is anticipating growth over the next ten years.
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.
The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report guides readers through the current and future developments in the global Arctic oil and gas E&P market with forecasts for onshore and offshore growth. Market forecasts are also provided for each of the major Arctic oil and gas nations, with in depth country analysis and specific drivers and restraints discussed in each case. The report contains 64 tables and charts illustrating market development and influencing factors in the Arctic E&P industry. Profiles of the leading Arctic E&P companies are included covering the significant Arctic projects.
The report also describes the physical and technological challenges of working in the Arctic, along with the enabling technologies that have made Arctic E&P possible. The strengths and weaknesses of the Arctic E&P market are also looked at in order to provide a balanced and clear analysis for the 2011-2021 forecast period.
The Arctic Oil & Gas Exploration & Production (E&P) Market 2011-2021 report will be a valuable source of information to those already involved in the Arctic oil and gas E&P market and to those wishing to enter this pivotal market in the future.
For more information on this report please click on:
Or email Sara Peerun for an exec summary on sara.peerun@visiongainglobal.com
Table of Contents
- 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
For an exec summary please contact Sara Peerun
Email: sara.peerun@visiongainglobal.com
Tel: +44(0)207-336-6100
About visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100
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