ChinaCCM.com-China's leading industry consultancy expert
Introduction
Offshore fields at present account for 30% of global oil and gas production and their share is expected to increase to 40% by 2015 with the development of key upstream projects in all parts of the world. Of the total global reserves of oil and gas 65% lie under sea waters (35% under the continental shelf, 30% in deepwater areas).In the recent years the development of offshore fields has emerged as an increasingly important factor for the petroleum industries of Russia and the CIS countries. Will this factor stand firm under the pressure of the crisis currently experienced globally in the recent months? Latest offshore developments reflect different approaches to offshore projects on the part of oil and gas companies:
* Late November Alexander Medvedev, Deputy Chairman of Gazprom's management board, stated that the Shtokman project would not be in the risk zone even with prices falling below $50 per barrel. The project is jointly developed by Gazprom, Total and StatoilHydro through Shtokman Development AG, with the final investment decision expected in 2009. Project tenders are scheduled for the second half of 2009 and drilling program (total of 16 wells) to be completed by 2013.
* On September 4, France's GDF Suez energy group acquired a 15% stake in a D-222 offshore exploration project in Azerbaijan's sector of the Caspian Sea (Yalama prospect). Exploration at D-222 (65%-owned by LUKOIL and 20%-owned by Azerbaijan's SOCAR) will continue until late 2011 and if successful will enable GDF SUEZ group to increase its reserves by approximately 35 million barrels of oil equivalent.
* Despite the official announcement in early November of a 50% cut in its 2009 investment program from $8 billion to $4 billion, LUKOIL's position towards its Caspian offshore operations, mainly in Russia's sea section, remained unchanged-they will be financed in full, according to LUKOIL's president, Vagit Alekperov. On November 5, LUKOIL started the drilling of the second exploration well on the prospective block D-222 (Yalama), located in Azerbaijan's sector of the Caspian Sea.
* On November 19, ExxonMobil and TPAO, Turkey's state-owned petroleum company, signed an agreement to invest between $400-450 million in the first stage of oil exploration in the Black Sea. If oil found, drilling in the region with estimated reserves of 10 billion barrels is expected to begin by the end of 2009.
Offshore Oil and Gas Industry of Russia and CIS: Outlook to 2020 provides a detailed analysis of all current and projected offshore projects and develops an outlook for their development to 2020. Geographical coverage includes the Caspian Sea, the Black Sea, the Sea of Azov, Russia's Arctic from the Barents Sea to the Chukchi Sea, as well as the seas of the Russian Far East.
The key elements of the study are:
* overview of reserves and resources of offshore oil and gas fields
* analysis of offshore upstream projects in Russia, Azerbaijan, Georgia, Kazakhstan, Turkmenistan and Ukraine
* outlook for oil and gas production by region and sector to 2020
* outlook for exploration and production drilling (by number of wells and footage) by region and sector to 2020
* assessment of demand for offshore drilling rigs and platforms by region and sector to 2020
* key current and potential contractors and equipment suppliers for offshore oil and gas projects
Volume I
the Caspian, Black and Azov Seas
Report outline
1 Introduction
2 Key Conclusions of the Study
3 General Information on Regions
3.1 Geographic, Natural and Weather Conditions in the Offshore Areas of the Caspian, Black and Azov Seas
3.1.1 Caspian Sea
3.1.2 Black Sea
3.1.3 Azov Sea
3.2 Problem of Offshore Sea Border Demarcation
3.2.1 Caspian Sea
3.2.2 Black Sea
3.2.3 Azov Sea
3.3 Legislative Control of Offshore Oil and Gas Production in Some Countries of the Commonwealth of Independent States
3.3.1 Azerbaijan
3.3.2 Georgia
3.3.3 Kazakhstan
3.3.4 Russian Federation
3.3.5 Turkmenistan
3.3.6 Ukraine
4 Hydrocarbon Reserves and Resources in the Caspian, Black and Azov Seas
4.1 Caspian Sea
4.1.1 Azerbaijan's Sector
4.1.2 Kazakhstan's Sector
4.1.3 Russian Sector
4.1.4 Turkmenistan's Sector
4.2 Black Sea
4.2.1 Georgian Sector
4.2.2 Russian Sector
4.2.3 Ukrainian Sector
4.3 Azov Sea
4.3.1 Russian Sector
4.3.2 Ukrainian Sector
5 Principal Companies Implementing Exploration and Production Projects in the Caspian, Black and Azov Seas
5.1 Caspian Sea
5.1.1 Azerbaijan's Sector
5.1.2 Kazakhstan's Sector
5.1.3 Russian Sector
5.1.4 Turkmenistan's Sector
5.2 Black Sea
5.2.1 Georgian Sector
5.2.2 Russian Sector
5.2.3 Ukrainian Sector
5.3 Azov Sea
5.3.1 Russian Sector
5.3.2 Ukrainian Sector
6 Exploration and Production Projects in the Caspian, Black and Azov Seas
6.1 Caspian Sea
6.1.1 Azerbaijan's Sector
6.1.2 Kazakhstan' Sector
6.1.3 Russian Sector
6.1.4 Turkmenistan's Sector
6.2 Black Sea
6.2.1 Georgian sector
6.2.2 Russian Sector
6.2.3 Ukrainian Sector
6.3 Azov Sea
6.3.1 Russian Sector
6.3.2 Ukrainian Sector
7 Forecasted Exploration and Production Drilling in Certain Sectors of the Caspian,Black and Azov Seas through 2020
7.1 Caspian Sea
7.1.1 Azerbaijan's Sector
7.1.2 Kazakhstan's Sector
7.1.3 Russian Sector
7.1.4 Turkmenistan's Sector
7.2 Black Sea
7.2.1 Georgian Sector
7.2.2 Russian Sector
7.2.3 Ukrainian Sector
7.3 Azov Sea
7.3.1 Russian Sector
7.3.2 Ukrainian Sector
8 Forecasted Hydrocarbon Production in the Caspian, Black and Azov Seas through 2020
8.1 Caspian Sea
8.1.1 Azerbaijan's Sector
8.1.2 Kazakhstan's Sector
8.1.3 Russian Sector
8.1.4 Turkmenistan's Sector
8.2 Black Sea
8.2.1 Georgian Sector
8.2.2 Russian Sector
8.2.3 Ukrainian Sector
8.3 Azov
8.3.1 Russian Sector
8.3.2 Ukrainian Sector
9 Estimated Requirements for Offshore Drilling Rigs and Platforms in the Caspian,Black and Azov Seas
9.1 Caspian Sea
9.2 Black and Azov Seas
10 Appendix 1. List of Enterprises, which May Supply Drilling Hardware and Platforms for Field Development in the Caspian,
Black and Azov Seas
10.1 Azerbaijan
10.1.1 Baku Deepwater Jackets Factory
10.1.2 McDermott Caspian Contractors (MCCI)
10.2 Iran
10.2.1 Sadra
10.3 Russia
10.3.1 AKO BARSS Group
10.3.2 Astrakhan Shipbuilding Production Association (ASPA)
10.3.3 OAO Vyborg Shipyard
10.3.4 OAO Gorodets Shipyard
10.3.5 FGUP Shiprepairing Center "Zvyozdochka"
10.3.6 MNP Group
10.3.7 OAO Nizhny Novgorod Motorship Factory
10.3.8 OAO Okskaya Sudoverf (Shipyard "Oka")
10.3.9 OAO PO "Sevmash"
10.4 Ukraine
10.4.1 OAO Kherson Shipyard
10.4.2 OAO Black Sea Shipyard (Mykolaiv Shipyard)
10.5 Turkmenistan
10.5.1 Petronas Charigali
11 Appendix 2. Correlation between the Russian and USA Classifications for Oil and Gas Reserves
List of figures and tables
Figure 2-1 Shares by sectors of total exploration drilling in the Caspian Sea (scenario 1), wells
Figure 2-2 Shares by sector of total production drilling in the Caspian Sea (scenario 1), wells
Figure 2-3 Shares by sectors of total exploration drilling in the Black Sea (scenario 1), wells, percent
Figure 6-1 Azeri-Chirag-
Figure 6-2 Map of Caspian hydrocarbons fields and licensed blocks
Figure 6-2 Shakh-Deniz project participants
Figure 6-4 Oil production forecast for Kashagan from 2008 to 2020, million tons p.a
Figure 6-5 Forecasted oil production in the Northern block from 2008 to 2020, million tons p.a.
Read more please visit: http://www.chinaccm.com/
Photo:
http://www.prlog.org/
