Increasing Restrictions In Emerging Regions Driving The Oil
And Gas Companies Back To Western Countries
Reference Code: GDGE0625VPT Publication Date: MAY 2010
1 Table of Contents 2 Summary
1 Table of Contents.................................................................1 In recent years, the international oil companies (IOC) have
1.1 List of Figures................................................................1 increased their interest in exploration and production of oil and
2 Summary .............................................................................1 gas in the emerging regions of South America and West Africa.
3 Increasing Restrictions In Emerging Regions Driving The Oil With the increase in investments and increased activity, huge
And Gas Companies Back To Western Countries ...............1 reserves have been discovered in these regions which are
3.1 Decline in OECD Production Forced the E&P
expected to propel these regions to be among the top
Companies to Explore New Areas for Growth ...............2
3.2 Increased Investments and Exploration Activity Led To producers of oil and gas in the future. The attraction of
Discovery of Huge Reserves in New Geographic increased revenues from the extraction of oil and gas from their
Regions .........................................................................2 territories has prompted many of these countries to tighten the
3.3 Increased Government Involvement In The Sector And oil and gas fiscal regimes and increasingly control the revenues
Resource Nationalization In The New Geographies derived from the oil and gas resources in their respective
Increasing The Restrictions For The IOCs ....................3
countries. The huge increase in energy prices has made
3.4 High Crude Oil Prices and Technology Advancements
Aiding the E&P Companies to Shift Focus Back To resource rich nations reluctant to allow foreign hold over their
Western Countries.........................................................3 resources. Along with this, an unstable political situation is
4 Appendix..............................................................................4 adding to a decrease in the attractiveness of these regions for
4.1 Methodology..................................................................4 IOCs. Consequently, there have been instances of the IOCs
4.1.1 Coverage..............................................................4 focusing their attention back on the more stable regions of the
4.1.2 Secondary Research............................................5 OECD countries. The advancement in exploration and
4.1.3 Primary Research ................................................5
production technologies is acting as a key enabler.
4.1.4 Expert Panel Validation ........................................5
4.2 Contact Us ....................................................................5
4.3 Disclaimer .....................................................................5
3 Increasing Restrictions In Emerging
Regions Driving The Oil And Gas
Companies Back To Western Countries
1.1 List of Figures Historically, the oil and gas resources in the OECD countries
saw a continuous decline. Major international oil and gas
Figure 1: OECD Oil Consumption, Million Barrels Per Day,
2000 - 2009 ..............................................................2 exploration and production companies witnessed a decline in
Figure 2: OECD Crude Oil Production, Million Barrels, 2000 - their oil and gas production from OECD countries. On the other
2009 .........................................................................2 hand, the demand for oil and gas continued to increase in these
Figure 3: Global, Total Number of Oil and Gas Discoveries, countries. Consequently, in order to increase their reserves and
2007-2010 ................................................................3 thereby production, the international oil companies (IOC) had
Figure 4: Foreign Company Access To Proven Oil Reserves,
focused on exploration and production of oil and gas in the
2008 .........................................................................3
Figure 5: GlobalData Methodology ..........................................4 emerging regions of South America, West Africa and Russia.
Traditional oil exporting region of the Middle East also attracted
increased attention from the IOCs due to the presence of huge
reserves. With the increase in investments and increased
activity, huge reserves have been discovered in these regions
which are expected to propel these regions to be among the top
producers of oil and gas in the future
Market Analysis Alert
Increasing Restrictions In Emerging Regions Driving The Oil And GDGE0625VPT / MAY 2010/ Page 1
Gas Companies Back To Western Countries © GlobalData. This report is a licensed product and is not to be photocopied
3.1 Decline in OECD Production Forced the
E&P Companies to Explore New Areas for
Figure 2: