Increasing Restrictions In Emerging Regions Driving The Oil And Gas Companies Back To Western Countries

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					           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:                                     
				
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Description: Increasing Restrictions In Emerging Regions Driving The Oil And Gas Companies Back To Western Countries Summary In recent years, the international oil companies (IOC) have increased their interest in exploration and production of oil and gas in the emerging regions of South America and West Africa. 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. The attraction of increased revenues from the extraction of oil and gas from their territories has prompted many of these countries to tighten the oil and gas fiscal regimes and increasingly control the revenues derived from the oil and gas resources in their respective countries. The huge increase in energy prices has made resource rich nations reluctant to allow foreign hold over their resources. Along with this, an unstable political situation is adding to a decrease in the attractiveness of these regions for IOCs. Consequently, there have been instances of the IOCs focusing their attention back on the more stable regions of the OECD countries. The advancement in exploration and production technologies is acting as a key enabler. Scope - Analysis of the exploration and production oil and gas dynamics in the global context. - Highlights of the key reasons for the increase in the shift of focus of the oil and gas companies to western countries. - Discusses issues such as resource nationalization, OECD crude oil production and consumption, oil and gas discoveries and foreign company access to oil reserves. Reasons to buy - Understand the key reasons behind the shift of focus of the oil and gas companies to western countries. - Gain understanding of the implications of resource nationalization and resource rich government restrictions.
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