Abstract
Ireland Oil and Gas Exploration and Production Industry Investment
Opportunities, Analysis and Forecasts of All Active and Planned Exploration
Blocks and Oil and Gas Fields to 2012
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration and Production industry in Ireland. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Ireland. The profiles of the major
companies operating in the upstream industry of Ireland are also included in
the report. The latest news and deals pertaining to the sector are also
provided and analyzed.
Scope
・ Updated information relating to all active and planned exploration
blocks.
・ Provides historical and forecast data and information for all
the major operating and planned crude oil and natural gas fields.
・
Details operators and equity partners of oil and gas fields and exploration
blocks.
・ Includes information relating to license round details, start
and end dates, acreage, location, and reserves.
・ Information on the top
companies in the sector including business description, strategic analysis,
and financial information.
・ Product and brand updates, strategy changes,
R&D projects, corporate expansions and contractions and regulatory
changes.
・ Key mergers and acquisitions, partnerships, private equity
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ Develop strategies based on the
latest operational, financial, and regulatory events.
・ Do deals with an
understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
・ Identify and analyze the
strengths and weaknesses of the leading companies.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2
Ireland, Country Snapshot 10
2.1 Ireland, Key Data 10
2.2 Ireland,
Exploration And Production Assets Map 10
2.3 Ireland, Crude Oil & Natural
Gas Reserves 11
3 Ireland, Crude Oil And Natural Gas Production 13
3.1
Ireland, Historical Natural Gas Production 13
3.2 Ireland, Crude Oil and
Natural Gas Producing Asset Details 14
3.3 Ireland, Natural Gas Production
Assets by Area 14
3.4 Ireland, Planned Production Assets Details 15
3.5 Ireland, Natural Gas Production by Company 15
4 Ireland, Crude Oil And
Natural Gas Forecasts 16
4.1 Ireland, Forecasted Natural Gas Production
16
4.2 Ireland, Forecasted Natural Gas Production of Key Assets 16
4.3
Ireland, Forecasted Asset Wise Gross Revenues 17
4.4 Ireland, Forecasted
Asset Wise Total Government Take 17
4.5 Ireland, Forecasted Asset Wise
Income Tax 18
4.6 Ireland, Forecasted Asset Wise Contractor Take 18
5
Ireland, Exploration Block Details 19
5.1 Ireland, Total Number of Active
Exploration Blocks by Area 19
5.2 Ireland, Total Number of Active Blocks
by Company 20
5.3 Ireland, Exploration Blocks Details 21
6 Marathon
Oil Corporation 25
6.1 Marathon Oil Corporation, Key Information 25
6.2 Marathon Oil Corporation, Company Overview 25
6.3 Marathon Oil
Corporation, Business Description 25
6.3.1 Marathon Oil Corporation,
Business Description, Business Overview 25
6.3.2 Marathon Oil Corporation,
Business Description, Exploration and Production 26
6.3.3 Marathon Oil
Corporation, Business Description, Integrated Gas 27
6.3.4 Marathon Oil
Corporation, Business Description, Oil Sands Mining 27
6.3.5 Marathon Oil
Corporation, Business Description, Refining, Marketing and Transportation
28
6.3.6 Marathon Oil Corporation, Major Products and Services 29
6.4
Marathon Oil Corporation, Value Chain Analysis 30
6.4.1 Marathon Oil
Corporation, Value Chain Analysis, Upstream 30
6.4.2 Marathon Oil
Corporation, Value Chain Analysis, Midstream 31
6.4.3 Marathon Oil
Corporation, Value Chain Analysis, Downstream 31
6.4.4 Marathon Oil
Corporation, Value Chain Analysis, Retail 32
6.5 Marathon Oil Corporation,
SWOT Analysis 33
6.5.1 Marathon Oil Corporation, SWOT Analysis, Overview
33
6.5.2 Marathon Oil Corporation, SWOT Analysis, Strengths 33
6.5.3
Marathon Oil Corporation, SWOT Analysis, Weaknesses 34
6.5.4 Marathon Oil
Corporation, SWOT Analysis, Opportunities 35
6.5.5 Marathon Oil
Corporation, SWOT Analysis, Threats 35
6.6 Marathon Oil Corporation,
Revenue Analysis 36
6.6.1 Marathon Oil Corporation, Revenue Analysis,
Revenue by Segment 36
6.6.2 Marathon Oil Corporation, Revenue Analysis,
Revenue by Geography 37
6.7 Marathon Oil Corporation, Financial and
Operational Review 38
6.7.1 Marathon Oil Corporation, Financial and
Operational Review, Financial Statements 38
6.7.2 Marathon Oil
Corporation, Financial and Operational Review, Financial Ratios 39
6.8
Marathon Oil Corporation, Operational Indicators 40
7 Ireland Exploration
and Production Industry,Deals Land Scape. 41
7.1 Acquisition 41
7.1.1
Lansdowne Oil & Gas Acquires Milesian Oil & Gas 41
7.1.2 Iberdrola To
Acquire Stake In Petroceltic International 42
7.2 IPO 44
7.2.1 Circle
Oil Completes Private Placement Of $58.04 Million 44
7.2.2 Petroceltic
International Completes Private Placement 46
7.2.3 Island Oil & Gas
Completes Private Placement Of $27.06 Million 47
7.2.4 Providence
Resources Completes Placement Of $34.56 Million 49
7.2.5 PetroNeft
Announces Private Placement Of $17.3 Million 50
7.3 Debt Offerings 51
7.3.1 Providence Resources Announces Debt Offering Of $66.04 Million 51
7.4 Partnership 52
7.4.1 PetroNeft Resources Enters Into A Parnership With
Arawak Energy 52
7.4.2 Airtricity Forms Joint Venture With Centrica 54
7.4.3 Petrel Resources And Makman Oil Enter Into Joint Venture 55
7.5
Asset Transactions 56
7.5.1 Supernova Ireland Resources Acquires 10%
Interest In Frontier Exploration License 1/04 From Island Oil & Gas 56
7.5.2 Island Oil & Gas Acquires 20% Interest In Schull Gas Field From Bexley
Investments, Carob And Celtex Exploration Services 57
7.5.3 Encore Oil
Acquires Stake In Oil And Gas Properties From Island Oil & Gas 59
7.5.4
EnCore Oil Acquires Interests in Oil And Gas Discoveries In Ireland And
Netherlands From Island Oil & Gas 60
7.5.5 Island Oil & Gas Sells 20%
Interest In Old Head Of Kinsale Gas Field 62
7.5.6 Ramco Sells Its 86.5%
Interest In Seven Heads Gas Field To Marathon 63
7.5.7 Statoil Sells Its
30% Interest In The Ringsend Gas Power Plant To RBS Power Investments 65
7.5.8 STX Energy To Acquire Stake In Three Oil Exploratory Wells From Royal
Dutch Shell 66
7.5.9 Island Oil & Gas To Acquire Assets From Marathon Oil
67
7.5.10 Providence Resources And Sosina Exploration To Sell 30% Interest
In Spanish Point Discovery 68
7.5.11 Serica Energy Farms Out PEL 01/06
Licence In Ireland 70
7.5.12 Marathon Oil To Sell Irish Assets 71
8
Ireland Exploration and Production Industry, Recent Developments 73
8.1
License Rounds 73
8.1.1 Jul 08, 2008: Irish Minister Extends Exploration
Area For 2009 Rockall Licensing Round 73
8.1.2 Jun 11, 2008: Ireland To
Conduct Rockall Frontier Licensing Round In 2009 73
8.2 License Awards
74
8.2.1 Aug 15, 2008: Providence Wins Licensing Option In Kish Bank
Basin, Offshore Dublin 74
8.2.2 Jul 14, 2008: Island Receives New
Licensing Option In North Celtic Sea Basin 74
8.2.3 Jul 02, 2008:
Petroceltic Wins Nine Exclusive Exploration Permits In Central Adriatic
Offshore Italy 75
8.2.4 Jun 17, 2008: Circle Oil Granted Permission For
Block 49 From Oman 75
8.2.5 May 29, 2008: Providence Wins New Exploration
Block In UK' s New Licensing Round 76
8.2.6 May 19, 2008: Island Elects Not
To Participate In Roscarberry Licensing Option 76
8.2.7 May 14, 2008:
Petroceltic Enters Second Exploration Phase In Isarene Permit 76
8.2.8 Apr
16, 2008: Lansdowne Announces Exploration License Award And Acreage Extension
77
8.2.9 Apr 09, 2008: Island Wins Q13b Exploration License, Offshore
Netherlands 78
8.2.10 Mar 07, 2008: ExxonMobil Wins Additional Licenses In
2007 Irish Licensing Round 79
8.2.11 Mar 06, 2008: Providence Wins License
In 2007 Irish Licensing Round 79
8.2.12 Mar 05, 2008: Ireland Awards Four
Exploration Licenses 79
8.3 Strategy and Business Expansion 80
8.3.1
Jan 29, 2008: Circle Oil Signs Farm-In Agreement With Vegas 80
8.3.2 Dec
17, 2007: Island Acquires Interest In Durresi Block, Agrees Farmout Terms With
Beach 81
8.3.3 Nov 21, 2007: Island Signs Petroleum Agreement With ONHYM
81
8.4 Recent Discoveries 82
8.4.1 Jul 17, 2008: Aminex Updtes On
Tanzanian Exploration Activities 82
8.4.2 Apr 07, 2008: Providence
Announces New Gas Discovery In Galveston Island 83
8.4.3 Mar 17, 2008:
Aminex Discovers Gas In Tanzania 83
8.4.4 Sep 12, 2007: Pan Andean Updates
On High Island 52, Gulf of Mexico 84
8.5 Drilling and Production Updates
84
8.5.1 Sep 07, 2008: Atlantic Spuds 22/2a-16 South Chestnut Well On UK
License P354 And Dunmore 50/6-4 Well On SEL 2/07 In Ireland 84
8.5.2 Sep
05, 2008: Providence Commences Drilling On Standard Exploration License 2/07
In North Celtic Sea Basin, Ireland 85
8.5.3 Aug 26, 2008: Providence Hooks
Head Well At Celtic Sea Basin, Ireland 85
8.5.4 Aug 13, 2008: Salym
Updates On Production In Salym Group Fields, Western Siberia 86
8.5.5 Aug
06, 2008: Sosina And Partners Start Drilling Begin Celtic Sea, Offshore
Southern Ireland 86
8.5.6 Aug 05, 2008: Providence Begins Drilling On
Standard Exploration Licence 2/07 In Ireland 87
8.5.7 Jul 31, 2008: Sibir
Provides Production Update 87
8.5.8 Jul 07, 2008: Ithaca Updates On Athena
14/18b-18 Well 88
8.5.9 Jul 02, 2008: Aminex Commences Drilling On Sunny
Ernst-2 Well 89
8.5.10 Jun 19, 2008: Providence Updates On 2008 Offshore
Ireland Drilling Programme 89
8.5.11 Jun 19, 2008: Forest Updates On
Ireland Offshore 2008 Drilling Program 90
8.5.12 Jun 06, 2008: Aminex
Updates On Northwest Tanan-1 Well, Egypt 90
8.5.13 Jun 05, 2008:
Groundstar Updates On NW Tanan 1 Well 91
8.5.14 Jun 04, 2008: Aminex' s
Kiliwani North-1 Well Tests 40 Mcf Of Gas Per Day 91
8.5.15 Apr 16, 2008:
PetroNeft Updates On Korchegskaya No. 1 Well 91
8.5.16 Apr 16, 2008:
Aminex Updates On Malak-1 Well 91
8.5.17 Apr 11, 2008: Providence Provides
Updates On AJE Field, In OML113, Nigeria 92
8.5.18 Apr 01, 2008: Circle
Oil Provides Tunisia Drilling Update 93
8.5.19 Mar 05, 2008: PetroNeft
Provides Operational Update 93
8.5.20 Feb 19, 2008: PetroNeft Announces
Increase In Reserves 94
8.5.21 Feb 05, 2008: Providence Commences Drilling
At AJE 4 Well, Offshore Nigeria 95
8.5.22 Jan 28, 2008: Aminex Updates On
Egyptian Exploration License 95
8.5.23 Jan 08, 2008: Serica To Drill In
Vietnam And Ireland 96
8.5.24 Dec 21, 2007: Aminex Starts Drilling GU #38
Well In Texas 96
8.5.25 Dec 18, 2007: Providence Confirms Drilling AJE-4
Well, Offshore Nigeria 96
8.5.26 Nov 13, 2007: Pan Andean Starts
Production At High Island 52, Gulf of Mexico 97
8.6 Financial
Announcements 97
8.6.1 Aug 26, 2008: Petroceltic Reports 1H 2008 Results
97
8.6.2 Jun 30, 2008: Petroceltic Reports 2007 Results 99
8.6.3 Jun
20, 2008: Petrel Reports 2007 Results 101
8.6.4 Mar 28, 2008: Aminex
Reports 2007 Results 102
8.6.5 Sep 26, 2007: Petroceltic Reports H1 2007
Results 102
8.6.6 Sep 21, 2007: Petrel Reports H1 2007 Results 103
8.7
Other Significant Developments 104
8.7.1 Aug 15, 2008: Petroceltic
Appoints Finance Director 104
8.7.2 Jul 01, 2008: Providence Finance
Director Resigns, Appoints New CFO 104
8.7.3 Jun 26, 2008: PetroNeft
Provides Operational Update 105
8.7.4 Jun 04, 2008: Island Announces
Commencement Of Seismic Operations At Old Head And Schull Gas Fields 107
8.7.5 Jun 03, 2008: Providence Releases Final AJE 4 Well Results 107
8.7.6
May 30, 2008: Aminex Commences Well Testing At Kiliwani North-1, Tanzania
108
8.7.7 May 14, 2008: Pan Andean Commences 2D Seismic Programme On
Antorcha Block, Colombia 109
8.7.8 May 09, 2008: Lansdowne Completes
Celtic Sea Seismic Survey 110
8.7.9 May 06, 2008: PetroNeft Appoints
Executive Director 110
8.7.10 May 01, 2008: Lansdowne Begins 2D Seismic
Shoot Over License 5/08 110
8.7.11 Apr 11, 2008: Island Confirms Moroccan
Government Approval Of Tarfaya Exploration Permit 111
8.7.12 Feb 15, 2008:
Providence Secures Rig For Drilling In 2008 111
8.7.13 Feb 13, 2008:
Circle Oil Completes Moroccan Seismic Survey 111
8.7.14 Jan 08, 2008:
Petroceltic Provides Operational Updates 112
8.7.15 Nov 05, 2007: Island
Signs MoU With Valiexchimp 114
8.7.16 Nov 02, 2007: Gold Oil, Minmet
Announce Termination Of Agreement 115
8.7.17 Sep 20, 2007: Island Awards
Front-End Engineering Study Contract To Pegasus 116
8.8 New Contracts
Announcements 117
8.8.1 Apr 01, 2008: Island Extends Reconnaissance
Contract In Morocco 117
8.8.2 Feb 20, 2008: Petrel Renews Agreements With
Iraq 117
9 Appendix 118
9.1 Methodology 118
9.1.1 Coverage 119
9.1.2 Secondary Research 119
9.1.3 Primary Research 120
9.1.4
Forecasts 120
9.2 Key Economic Assumptions 122
9.3 Expert Panel
Validation 123
9.4 Definitions 124
9.5 Unit of Measure 125
9.6
Disclosure information 125
9.7 Contact Us 125
9.8 Disclaimer 125
1.1 List of Tables
Table 1: Ireland, Oil and Gas, Key Statistics,
April 2008 10
Table 2: Ireland, Total Crude Oil and Natural Gas Reserves
,2000-2012 12
Table 3: Ireland, Total Natural Gas Production (BCF),
2000-2007 13
Table 4: Ireland, Oil and Gas Asset Details, April 2008
14
Table 5: Ireland Offshore, Total Natural Gas Production (MMCF), by
Assets, 2000-2007 14
Table 6: Ireland, Oil and Gas Planned Production
Asset Details, April 2008 15
Table 7: Ireland, Total Crude Oil Production
(MMBBLs), by Company, 2000-2007 15
Table 8: Ireland, Total Natural Gas
Production (BCF), Forecast, 2008-2013 16
Table 9: Ireland, Total Natural
Gas Production (MMCF), Forecast by Assets, 2008-2013 16
Table 10: Ireland,
Forecasted Assets-wise Gross Revenue (000' $), 2008-2013 17
Table 11:
Ireland, Forecasted Assets-wise Government Take (000' $), 2008-2013 17
Table 12: Ireland, Forecasted Asset-Wise Income Tax (000' $), 2008-2013 18
Table 13: Ireland, Projected Assets-wise Total Contractor Take (000' $),
2008-2013 18
Table 14: Ireland, Total Number of Active Exploration Blocks,
2000-2007 19
Table 15: Ireland, Total Number of Active Blocks by Company,
2000-2007 20
Table 16: Ireland, Oil and Gas Exploration Blocks Details,
April 2008 21
Table 17: Ireland, Oil and Gas Exploration Blocks Details,
April 2008(Cont' d) 22
Table 18: Ireland, Oil and Gas Exploration Blocks
Details, April 2008(Cont' d) 23
Table 19: Ireland, Oil and Gas Exploration
Blocks Details, April 2008(Cont' d) 24
Table 20: Marathon Oil
Corporation, Key Facts, 2006 25
Table 21: Marathon Oil Corporation,
SWOT Analysis , 2006 33
Table 22: Marathon Oil Corporation, Revenue
by Segment, USD Million, 2002-2006 37
Table 23: Marathon Oil
Corporation, Revenue by Geography, USD Million, 2002-2006 37
Table 24:
Marathon Oil Corporation, Financial Statements, USD Million, 2002-2006 38
Table 25: Marathon Oil Corporation, Financial Ratios, USD Million,
2002-2006 39
Table 26: Marathon Oil Corporation Operational
Indicators, 2002-2006 40
Table 27: Brent Blend NYMEX Future Prices 123
1.2 List of Figures
Figure 1: Ireland, Exploration and
Production Assets Map, April 2008 10
Figure 2: Ireland, Total Crude Oil
and Natural Gas Reserves (MMBOE), 2000-2012 11
Figure 3: Ireland, Total
Natural Gas Production (BCF), 2000-2007 13
Figure 4: Ireland, Total
Number OF Active Exploration Blocks By Area 19
Figure 5: Marathon Oil
Corporation, Value Chain Analysis 30
Figure 6: Global Markets Direct
Methodology 118
