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| Deep Offshore Oil & Gas Exploration and Production (E&P) in West Africa |
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Deep Offshore Oil & Gas Exploration and Production (E&P) in West Africa |
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Research Reports |
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Name of the Report :
Deep Offshore Oil & Gas Exploration and Production (E&P)
in West Africa - Market Analysis, Competitive Landscape
and Forecasts to 2020
Published Date : 30-Sep-2012
No. of pages : 76
Table of Contents
1 Table of Contents
1 Table of Contents… 4
1.1 List of Tables… 6
1.2 List of Figures… 7
2 Introduction… 9
2.1 Overview… 9
2.2 This Report Guidance… 9
3 Deep Offshore Oil and Gas Exploration and Production in West
Africa - An Overview… 10
3.1 Angola and Ghana Lead Deep Offshore Oil and Gas Exploration in
West Africa… 11
3.1.1 Major Deep Offshore Oil and Gas Discoveries in West Africa
(2011 - June 2012)… 12
3.2 Offshore Oil and Gas Production in West Africa Accounted for 74.3% of
the Region’s Total Production in 2011… 14
3.2.1 Offshore Oil and Gas Production in West Africa is Expected to Increase
at an AAGR of 3.8% during 2011-2020… 16
3.3 Deep Offshore Oil and Gas Sector in West Africa - Key Drivers and Challenges… 17
3.3.1 Deep Offshore West Africa has Significant Potential for Pre-salt Discoveries… 17
3.3.2 Gulf of Guinea will Continue to be a Key Region for Exploration and
Production of Oil and Gas in Deep Offshore West Africa… 19
3.3.3 Floating Production Storage and Offloading Vessels (FPSOs) will continue
to Play a Key Role in Unlocking Potential of Oil and Gas Fields in
Deep Offshore West Africa… 20
3.3.4 Increasing Piracy Attacks are Affecting Oil and Gas Exploration and
Production Operations in Offshore West Africa… 21
3.4 Equatorial Guinea Offers Attractive Fiscal Terms for Oil and Gas
Exploration and Production in West Africa… 21
3.5 Major Deep Offshore Oil and Gas Companies in West Africa - A Competitive
Landscape… 23
3.5.1 Sonangol has Equity Stakes in the Largest Number of Active Offshore
Exploration Blocks in West Africa… 23
3.5.2 ExxonMobil Recorded the Highest Oil and Natural Gas Production in
Offshore West Africa in 2011… 24
4 Deep Offshore Oil and Gas Exploration and Production in West Africa - Nigeria… 25
4.1 Exploration and Production Fiscal Environment in Nigeria… 25
4.1.1 New Draft of Nigeria’s Petroleum Investment Bill (PIB) Awaits President’s
Approval… 26
4.2 Four Offshore Discoveries were Made in Nigeria in the Past Three Years… 27
4.2.1 Agge-3B Discovery… 27
4.2.2 Kuyere-1 Discovery… 28
4.3 Nigeria Recorded Offshore Crude Oil and Natural Gas Production of 699.4 MMboe
in 2011… 28
4.3.1 Offshore Oil and Gas Production in Nigeria is Expected to Increase at an
Average Annual Growth Rate of 1.9% during 2011-2020… 29
4.4 Details of Planned Deep Offshore Oil and Gas Production Fields in Nigeria… 30
4.4.1 Egina Production Field… 30
4.4.2 Bonga Southwest/Aparo Production Field… 31
4.4.3 Erha North Phase II Production Field… 31
4.5 Major Offshore Exploration and Production Companies in Nigeria… 32
4.5.1 Total has Equity Stakes in the Highest Number of Offshore Exploration
Blocks of Nigeria… 32
4.5.2 Nigeria National Petroleum Corporation is the Leading Producer of Oil and
Gas in Nigeria… 33
5 Deep Offshore Oil and Gas Exploration and Production in West Africa - Angola… 35
5.1 Exploration and Production Fiscal Environment in Angola… 35
5.2 Angola Witnessed the Largest Number of Oil and Gas Discoveries in Offshore
West Africa During the 2009 - June 2012 Period… 36
5.2.1 Details of Deep Offshore Oil and Gas Discoveries in Angola… 37
5.3 Angola Produced 499.0 MMboe of Oil and Natural Gas from its Offshore
Fields in 2011… 39
5.3.1 Offshore Production Contributes about 84% to Angola’s Total Oil and Gas
Production in 2011… 40
5.3.2 Offshore Oil and Gas Production in Angola is Expected to Increase at an
Average Annual Growth Rate of 5.8% during 2011-2020… 41
5.4 Details of Planned Deep Offshore Oil Production Assets in Angola… 42
5.4.1 Negage Production Field… 42
5.4.2 Kizomba D Production Field… 42
5.4.3 Cravo, Lirio, Orquidea and Violeta Production Fields… 43
5.5 Major Offshore Exploration and Production Companies in Angola… 44
5.5.1 Sonangol has Equity Stake in the Largest Number of Offshore Blocks in
Angola… 44
5.5.2 ExxonMobil Corporation Recorded the Highest Production of Oil and
Natural Gas in Angola in 2011… 45
6 Deep Offshore Oil and Gas Exploration and Production in West Africa - Equatorial
Guinea… 46
6.1 Exploration and Production Fiscal Environment in Equatorial Guinea… 46
6.2 Equatorial Guinea Witnessed Limited Number of Oil and Gas Discoveries in
Recent Years… 47
6.3 Equatorial Guinea is the Third Largest Producer of Crude Oil in West Africa… 48
6.3.1 Offshore Oil and Gas Production in Equatorial Guinea is Expected to
Increase at an Average Annual Growth Rate of 3.6%… 49
6.4 Alen Production Field Offshore Equatorial Guinea is Expected to Start
Operations from December 2013… 50
6.5 Major Offshore Exploration and Production Companies in Equatorial Guinea… 51
6.5.1 GEPetrol is the Largest Offshore Exploration Company in Equatorial
Guinea… 51
6.5.2 Marathon Oil Corporation Recorded the Highest Production of Oil and
Gas in Offshore Equatorial Guinea in 2011… 52
7 Deep Offshore Oil and Gas Exploration and Production in
West Africa - Republic of the Congo… 53
7.1 Exploration and Production Fiscal Environment in Republic of the Congo… 53
7.2 The Republic of the Congo Witnessed Five Oil and Gas Discoveries
during 2009 - June 2012… 54
7.2.1 Details of Deep Offshore Oil and Gas Discoveries in the Republic of the
Congo… 54
7.3 The Republic of the Congo is a Key Producer of Oil and Gas in Offshore
West Africa… 56
7.3.1 Offshore Oil and Gas Production in the Republic of the Congo is Expected to
Increase at an Average Annual Growth Rate of 0.1% during 2011-2020… 57
7.4 Details of Planned Deep Offshore Oil Production Fields in the Republic of the
Congo… 58
7.4.1 Lianzi Oil Field… 58
7.4.2 Moho Nord Oil Field… 58
7.5 Major Offshore Exploration and Production Companies in Republic of the Congo… 58
7.5.1 Société Nationale des Pétroles du Congo (SNPC) has the Most Equity Stakes in
Active Offshore Blocks in the Republic of the Congo… 58
7.5.2 Total Recorded Largest Production of Oil and Gas in the Offshore
Republic of the Congo in 2011… 60
8 Deep Offshore Oil and Gas Exploration and Production in West Africa - Ghana… 62
8.1 Exploration and Production Fiscal Environment in Ghana… 62
8.2 Ghana Witnessed Second Highest Number of Oil and Gas Discoveries in Offshore
West Africa during 2009 - June 2012… 63
8.2.1 Details of Deep Offshore Oil and Gas Discoveries in Ghana… 64
8.3 Ghana Started Production of Oil and Gas in 2010… 65
8.3.1 Offshore Oil and Gas Production in Ghana is Expected to Increase at an
Average Annual Growth Rate of 15.8% during 2011-2020… 66
8.4 Details of Planned Deep Offshore Oil Production Fields in Ghana… 67
8.4.1 Tweneboa Production Field… 67
8.4.2 Mahogany East Project… 68
8.4.3 Odum Production Field… 69
8.5 Major Offshore Exploration and Production Companies in Ghana… 70
8.5.1 Ghana National Petroleum Corporation (GNPC) has the Highest Number of Stakes
in Active Offshore Blocks in Ghana… 70
8.5.2 Kosmos Energy has made Several Significant Discoveries in Deepwater
Ghana… 71
8.5.3 Tullow Oil Plc Recorded the Highest Production of Oil and Gas in Offshore
Ghana in 2011… 72
List of Tables
1.1 List of Tables
Table 1: Deep Offshore Exploration Industry, West Africa, Major Offshore Oil and Gas
Discoveries, 2012 (Up to June)… 12
Table 2: Deep Offshore Exploration Industry, West Africa, Major Deep Offshore Oil and
Gas Discoveries, 2011… 13
Table 3: Oil and Gas Production Industry, West Africa, Offshore Oil and Gas Production,
Onshore Production and Total Production*, MMboe, 2001-2011… 15
Table 4: Oil and Gas Exploration and Production Industry, Details of Pre-salt Contracts
Awarded to Select Companies, 2011… 18
Table 5: Oil and Gas Industry, West Africa, Comparison of Key Fiscal Terms of Angola,
Equatorial Guinea and Nigeria, 2011… 22
Table 6: Oil and Gas Exploration and Production Industry, Nigeria, Details of Fiscal
Terms for Production Sharing Contract Model and Joint Operating Agreement Model,
2012… 26
Table 7: Oil and Gas Exploration and Production Industry, Nigeria, Details of Top 10
Offshore Exploration Assets*, Sq. km, 2012… 27
Table 8: Oil and Gas Exploration and Production Industry, Nigeria, Major Companies in
Terms of Equity Stakes in Offshore Exploration Blocks, 2001-2011… 32
Table 9: Oil and Gas Exploration and Production Industry, Nigeria, OPL 221, JDZ Block 1,
OPL 215 and OPL 223 Offshore Exploration Blocks, 2012… 33
Table 10: Oil and Gas Exploration and Production Industry, Angola, Key Fiscal Terms,
2012… 35
Table 11: Oil and Gas Exploration and Production Industry, Angola, Details of Top 10
Offshore Exploration Assets*, Sq. km, 2012… 36
Table 12: Oil and Gas Exploration and Production Industry, Angola, Top 10 Companies
based on Equity Stakes in Active Offshore Exploration Blocks, 2001-2011… 44
Table 13: Oil and Gas Exploration and Production Industry, Angola, Details of Offshore
Exploration Blocks 3/05-A and 2/05, 2012… 44
Table 14: Oil and Gas Exploration and Production Industry, Equatorial Guinea, Details of
Fiscal Terms, 2012… 46
Table 15: Oil and Gas Exploration Industry, Equatorial Guinea, Details of Top 10 Offshore
Exploration Assets*, Sq. km., 2012… 47
Table 16: Oil and Gas Exploration and Production Industry, Equatorial Guinea, Top 10
Companies based on Equity Stakes in Number of Active Offshore Exploration Blocks,
2001-2011… 51
Table 17: Oil and Gas Exploration and Production Industry, Equatorial Guinea, Details of
Block N, Block N (GE Petrol) and Block P in Offshore Exploration Blocks, 2012… 52
Table 18: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Details of Fiscal Terms, 2012… 53
Table 19: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Details of Offshore Exploration Blocks, 2011… 54
Table 20: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Top 10 Companies in terms of Equity Stakes in Active Offshore Exploration Blocks,
2001-2011… 59
Table 21: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Active Offshore Blocks with SNPC’s Equity Stakes, 2011… 59
Table 22: Oil and Gas Exploration and Production Industry, Ghana, Details of Fiscal
Terms, 2012… 62
Table 23: Oil and Gas Exploration and Production Industry, Ghana, Details of Offshore
Exploration Assets*, 2012… 63
Table 24: Oil and Gas Exploration and Production Industry, Ghana, Major Companies in
terms of Equity Stakes in Number of Active Exploration Blocks, 2001-2011… 70
Table 25: Oil and Gas Exploration and Production Industry, Ghana, Details of Active
Offshore Blocks in which GNPC has Equity Stakes, 2012… 71
Table 26: Oil and Gas Exploration and Production Industry, Deepwater Ghana, Details of
Discoveries in which Kosmos Energy has Equity Stakes, 2012… 71
List of Figures
1.2 List of Figures
Figure 1: Deep Offshore Production Industry, World, “The Golden Triangle” for
Deep Offshore Production, 2011… 10
Figure 2: Deep Offshore Exploration Industry, West Africa, Coastlines of Important
Countries Involved in Oil and Gas Exploration, 2010… 11
Figure 3: Oil and Gas Exploration and Production Industry, West Africa, Offshore Oil and
Gas Discoveries By Country, 2009 - June 2012… 12
Figure 4: Oil and Gas Exploration and Production Industry, West Africa, Share of
Offshore Production in Total Oil and Gas Production*, %, 2001-2011… 14
Figure 5: Oil and Gas Exploration and Production Industry, West Africa, Offshore Oil and
Gas Production Share (%) Compared to Growth (%) of Top Five Countries,
2001-2011… 16
Figure 6: Oil and Gas Exploration and Production Industry, West Africa*,
Forecast Production of Oil and Natural Gas from Offshore Fields, MMboe,
2011, 2015 and 2020… 17
Figure 7: Oil and Gas Exploration Industry, West Africa and Brazil, Similarities
Between Pre-salt Geologies of Deep Offshore West Africa and Deep Offshore Brazil,
2012… 18
Figure 8: Oil and Gas Exploration and Production Industry, West Africa, Location of
Gulf of Guinea, 2012… 19
Figure 9: FPSO Industry, West Africa, FPSO-based Crude Oil and Natural Gas
Production Capacity of the Top Three Countries, MMbbl and bcf, 2011… 20
Figure 10: Oil and Gas Exploration and Production Industry, West Africa, Top 10
Equity Stake Holders in Offshore Active Exploration Blocks of West Africa,
2011… 23
Figure 11: Oil and Gas Production Industry, West Africa, Top 10 Offshore Oil and
Natural Gas Producers in West Africa*, MMboe, 2011… 24
Figure 12: Oil and Gas Exploration and Production Industry, West Africa,
Location of Agge-3B.T1 Well, 2011… 28
Figure 13: Oil and Gas Exploration and Production Industry, Nigeria, Share of
Offshore Production in Total Oil and Gas Production, %, 2001-2011… 29
Figure 14: Oil and Gas Production Industry, Nigeria, Forecast Production of Oil and
Natural Gas from Offshore Fields, MMboe, 2011, 2015 and 2020… 30
Figure 15: Oil and Gas Exploration and Production Industry, West Africa, Location of
Egina Field, 2011… 31
Figure 16: Oil and Gas Production Industry, West Africa, Location of Erha North
Phase II Field, 2011… 32
Figure 17: Oil and Gas Exploration and Production Industry, Angola, Location of
Canna-1 Well, 2011… 37
Figure 18: Oil and Gas Exploration Industry, Angola, Locations of Begonia-1 and
Gardenia-1 Wells, 2011… 38
Figure 19: Natural Gas Industry, Angola, Location of Angola LNG Project, 2011… 39
Figure 20: Oil and Gas Production Industry, Angola, Share of Offshore Production in
Total Oil and Gas Production, %, 2001-2011… 40
Figure 21: Oil and Gas Exploration and Production Industry, Angola, Forecast
Production of Oil and Natural Gas from Offshore Fields, MMboe, 2011,
2015 and 2020… 41
Figure 22: Oil and Gas Exploration and Production Industry, Angola, Location of
Negage Production Field, 2012… 42
Figure 23: Oil and Gas Exploration and Production Industry, Angola, Location of
Cravo, Lirio, Orquidea and Violeta (CLOV) Production Fields, 2012… 43
Figure 24: Oil and Gas Exploration and Production Industry, Angola, Offshore Oil and
Gas Production of Top 10 Companies, MMboe, 2011… 45
Figure 25: Oil and Gas Exploration and Production Industry, Equatorial Guinea,
Offshore Oil and Gas Production, MMboe, 2001-2011… 48
Figure 26: Oil and Gas Exploration and Production Industry, Equatorial Guinea,
Forecast Production of Oil and Natural Gas from Offshore Fields, MMboe, 2011,
2015 and 2020… 49
Figure 27: Oil and Gas Exploration and Production Industry, Equatorial Guinea,
Location of Alen Field, 2012… 50
Figure 28: Oil and Gas Exploration and Production Industry, Equatorial Guinea,
Location of Alba Field, 2012… 52
Figure 29: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Location of Moho Nord Marine-4 Well, 2011… 55
Figure 30: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Share of Offshore Production in Total Oil and Gas Production, %, 2001-2011… 56
Figure 31: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Forecast Production of Oil and Natural Gas from Offshore Fields, MMboe, 2011,
2015 and 2020… 57
Figure 32: Oil and Gas Exploration and Production Industry, Republic of the Congo,
Location of N'kossa Field, 2012… 61
Figure 33: Oil and Gas Exploration and Production Industry, Ghana, Location of
Jubilee Field, 2012… 65
Figure 34: Oil and Gas Exploration and Production Industry, Ghana, Forecast
Production of Oil from Offshore Fields, MMbbl, 2011, 2015 and 2020… 66
Figure 35: Oil and Gas Exploration and Production Industry, Ghana, Location of
Tweneboa Field, 2012… 67
Figure 36: Oil and Gas Exploration and Production Industry, Ghana, Location of
Mahogany East, 2012… 68
Figure 37: Oil and Gas Exploration and Production Industry, Ghana, Location of
Odum Field, 2012… 69
Figure 38: Oil and Gas Exploration and Production Industry, Ghana, Production
Forecasts of Oil from Jubilee Field, MMbbl, 2012-2020… 72
Summary
“Deep Offshore Oil & Gas Exploration and Production (E&P) in West Africa - Market
Analysis, Competitive Landscape and Forecasts to 2020”, is the latest report from
this, the industry analysis specialist, which analyzes the global Exploration and
Production (E&P) industry. The report provides an overview of the deep offshore
E&P in West Africa. The report also provides information on the major deep offshore
oil and gas projects and key companies in Nigeria, Angola, Equatorial Guinea,
the Republic of Congo and Ghana. The report is compiled by using data and
information sourced from proprietary databases, primary and secondary research
and in-house analysis by this team of industry experts.
Scope
This report provides detailed analysis of E&P in deep offshore West Africa,
including the key companies and the key trends and issues in the industry
up to 2020. The report primarily focuses on -
- Drivers and challenges for E&P in deep offshore West Africa.
- The contribution from the countries in the region to West Africa’s offshore
oil and gas production.
- Key companies in the E&P industry of deep offshore West Africa.
- The E&P fiscal environment in Nigeria, Angola, Equatorial Guinea, the
Republic of Congo and Ghana.
- The competitive landscape of the companies engaged in E&P activities in
Nigeria, Angola, Equatorial Guinea, the Republic of Congo and Ghana.
Reasons to buy
This report will enhance your decision-making capabilities. It will allow you to -
- Gain insight on the deep offshore West African market.
- Understand key drivers and challenges of the deep offshore West African market.
- Learn about deep offshore oil and gas E&P in Nigeria, Angola, Equatorial Guinea,
Republic of the Congo, and Ghana.
- To be informed about the operations of key companies engaged in deep offshore
E&P of oil and gas in the West Africa region.
Price
Single User Price : $3,995
Site License Price : $7,990
Enterprisewide Price (Global Site License) : $11,985
Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.
The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.
To order this report, please send an email to mail@worldoils.com
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Search words (for official use only) :
Major Deep Offshore Oil and Gas Discoveries in West Africa
Exploration and Production Fiscal Environment in Nigeria
Bonga Southwest/Aparo Production Field
Erha North Phase II Production Field
Major Offshore Exploration and Production Companies in Nigeria
Exploration and Production Fiscal Environment in Angola
Kizomba D Production Field
Details of Deep Offshore Oil and Gas Discoveries in Ghana
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