The Advanced Oil & Gas Exploration Technologies Market 2011-2021VisiongainSeptember 22, 2011 157 Pages - SKU: VSG6620687 |
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Report Excerpt
Planned and ongoing projects in the North Sea are either complex, unconventional, or both, such as the West of Shetland fields. In Norway tax incentives are favourable for oil and gas independents in the E&P market and have benefited Statoil, which may help maintain exploration spending in the Norwegian North Sea. The recent discovery of potentially 0.5-1.2bn bbl of recoverable oil in the Aldous and Aualdsenes fields, the biggest in the last decade, indicates the potential that still exists for exploration of Norway’s remaining frontier acreage. Fiscal incentives may also maintain exploration activity in Western Europe in the short term, onshore in France and Germany and off the Dutch coast. In South-eastern Europe, new exploration opportunities are developing in the Black Sea, where Petrobras, ExxonMobil and others signed a deepwater exploration agreement in January of 2010.
Exploration activity is expected to remain around 2010 levels throughout the forecast period, though this hides changes in the balance of the market. Pure exploration is falling, as most of the productive regional acreage is well studied. The region was the first adopter and a test bed for Permanent Ocean Bottom Seismic (POBS) methods, on BP’s Valhall field, and it is the region that stands most to benefit in the short-term from technologies that increase field recovery rates. As a result, a shift in the Europe towards high-end methods - POBS and 4D surveying - will outstrip the global trend in that direction. Europe is a mature market for exploration and E&P margins are much higher elsewhere. The seismic market will decline slowly throughout the forecast period. CSEM will play a much stronger role in the region - the three major marine EM specialist companies are all headquartered in Europe, and around 40% of CSEM activity currently takes place in the region. The CSEM will reach maturity faster in the region than elsewhere, and Europe is unlikely to remain the centre of exploration activity.
Companies Listed
Abu Dhabi National Energy Company (TAQA)
Advanced Hydrocarbon Mapping AS
Amoco Corporation
ANCAP
Arabian Geophysical & Surveying (ARGAS)
Ardiseis
ARIS Geophysical Ltd.
ARKeX Ltd.
Baker Hughes Incorporated
BGP Inc.
BHP Billiton plc
BP plc
CGGVeritas S.A.
Challenger Geophysical Ltd.
China National Petroleum Corporation (CNPC)
ConocoPhillips Company
Dawson Geophysical Company
Dawson Group
Discover Petroleum AS
Eagle Canada, Inc.
Electro Magnetic Time Vision AS
Electromagnetic Geoservices ASA (EMGS)
Exploration Surveys Incorporated
ExxonMobil Corporation
Fugro Airborne
Fugro Group
Fugro N.V.
Fugro-NPA
Fugro-TSM
Gardline Geophysical
Geokinetics Inc.
Global Geophysical Service, Inc.
Hampson-Russel Software Services
IG Seismic Services Ltd.
Integra Group
MTEM
MultiClient Geophysical AS
MultiClient Geophysical Ltd. Pty.
Nigel Press Associates (NPA) Satellite Mapping
Offshore Geo-Survey Works Sdn Bhd
Offshore Hydrocarbon Mapping plc (OHM)
Offshore Works Group
Oil and Natural Gas Corporation Limited (ONGC)
Olympic Seismic Ltd.
ONGC Videsh
Ophir Energy plc
Petrodata Consulting LLC
Petroleo Brasileiro S.A. (Petrobras)
Petroleos de Venezuela S.A.
Petroleos Mexicanos (Pemex)
Petroleum Geo-Services ASA (PGS)
PetroMarker AS
Petroquímica Comodoro Rivadavia (PCR)
Polarcus Ltd.
Reflect Geophysical Pte Ltd
Repsol YPF
Reservoir Exploration Technology ASA (RXT)
Rock Solid Images (RSI) plc
Rosneft
Royal Dutch Shell plc (Shell)
Saudi Aramco
Schlumberger Ltd
Scotforth Ltd
SeaBed Geophysical AS
SeaBird Exploration Norway AS
Seatrans AS
Sector Asset Management ASA
Seitel Inc.
Sercel
Shiv-Vani Oil & Gas Exploration Services Ltd
Spectrum Group
Spectrum-ASA
Statoil ASA
Stingray Geophysical Ltd
Terra Energy & Resource Technologies Inc.
Tethys Petroleum Ltd
TGC Industries, Inc.
TGS-Nopec Geophysical Company L.P.
Tidelands Geophysical Company (TGC)
Tower Resources plc
TSmarine Group Holdings Pty Ltd (TSM)
TTI Production
Tullow Oil plc
Vanoil Energy
WesternGeco
WGP Group
Yacimientos Petrolíferos Fiscales (YPF)
YPF Bolivianos
Government Agencies and Other Organisations Mentioned in this Report
Commonwealth of Independent States (CIS)
Edinburgh University
International Energy Agency (IEA)
National Aeronautics and Space Administration (NASA)
Organisation for Economic Co-operation and Development (OECD)
Organization of the Petroleum Exporting Countries (OPEC)
Scripps Institution of Oceanography Marine EM Laboratory
United Kingdom Ministry of Defence (MoD)
United States Navy (USN)
US Energy Information Administration (EIA)
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