Abstract
Italy 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 Italy. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Italy. The profiles of the major
companies operating in the upstream industry of Italy 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
Italy, Country Snapshot 10
2.1 Italy, Key Data 10
2.2 Italy,
Exploration And Production Assets Map 11
2.3 Italy, Crude Oil & Natural
Gas Reserves 12
3 Italy, Crude Oil And Natural Gas Production 14
3.1
Italy, Historical Crude Oil Production 14
3.2 Italy, Historical Natural
Gas Production 15
3.3 Italy, Crude Oil And Natural Gas Producing Asset
Details 16
3.4 Italy, Crude Oil Production Assets By Area 17
3.5
Italy, Natural Gas Production Assets By Area 18
3.6 Italy, Planned
Production Assets Details 19
3.7 Italy, Crude Oil Production by Company
19
3.8 Italy, Natural Gas Production by Company 20
4 Italy, Crude Oil
And Natural Gas Forecasts 21
4.1 Italy, Forecasted Crude Oil Production
21
4.2 Italy, Forecasted Natural Gas Production 21
5 Italy,
Exploration Block Details 22
5.1 Italy, Total Number of Active Exploration
Blocks 22
5.2 Italy, Total Number of Active Exploration Blocks by Company
23
5.3 Italy, Exploration Blocks Details 25
5.4 Italy, Planned
Exploration Blocks Details 28
6 Eni S.p.A. 29
6.1 Eni S.p.A., Key
Information 29
6.2 Eni S.p.A., Company Overview 29
6.3 Eni S.p.A.,
Business Description 29
6.3.1 Eni S.p.A., Business Description, Business
Overview 29
6.3.2 Eni S.p.A., Business Description, Engineering and
Construction 29
6.3.3 Eni S.p.A., Business Description, Exploration &
Production 31
6.3.4 Eni S.p.A., Business Description, Gas & Power 32
6.3.5 Eni S.p.A., Business Description, Others 34
6.3.6 Eni S.p.A.,
Business Description, Petrochemicals 34
6.3.7 Eni S.p.A., Business
Description, Refining and Marketing 35
6.3.8 Eni S.p.A., Business
Description, Major Products and Services 36
6.4 Eni S.p.A., Value Chain
Analysis 38
6.4.1 Eni S.p.A., Value Chain Analysis, Upstream 38
6.4.2
Eni S.p.A., Value Chain Analysis, Midstream 39
6.4.3 Eni S.p.A., Value
Chain Analysis, Downstream 40
6.4.4 Eni S.p.A., Value Chain Analysis,
Retail 41
6.5 Eni S.p.A., SWOT Analysis 41
6.5.1 Eni S.p.A., SWOT
Analysis, Overview 41
6.5.2 Eni S.p.A., SWOT Analysis, Strengths 42
6.5.3 Eni S.p.A., SWOT Analysis, Weaknesses 43
6.5.4 Eni S.p.A., SWOT
Analysis, Opportunities 45
6.5.5 Eni S.p.A., SWOT Analysis, Threats 46
6.6 Eni S.p.A., Revenue Analysis 47
6.6.1 Eni S.p.A., Revenue Analysis,
Revenue by Segment 47
6.6.2 Eni S.p.A., Revenue Analysis, Revenue by
Geography 48
6.7 Eni S.p.A., Financial and Operational Review 50
6.7.1
Eni S.p.A., Financial and Operational Review, Financial Statements 50
6.7.2 Eni S.p.A., Financial and Operational Review, Financial Ratios 51
6.8 Eni S.p.A., Operational Indicators 52
7 Royal Dutch Shell Plc 53
7.1 Royal Dutch Shell Plc, Key Information 53
7.2 Royal Dutch Shell Plc,
Company Overview 53
7.3 Royal Dutch Shell Plc, Business Description 53
7.3.1 Royal Dutch Shell Plc, Business Description, Business Overview 53
7.4 Royal Dutch Shell Plc, Value Chain Analysis 54
7.4.1 Royal Dutch Shell
Plc, Value Chain Analysis, Upstream 54
7.4.2 Royal Dutch Shell Plc, Value
Chain Analysis, Midstream 56
7.4.3 Royal Dutch Shell Plc, Value Chain
Analysis, Retail 56
7.4.4 Royal Dutch Shell Plc, Value Chain Analysis,
Power Generation 57
7.4.5 Royal Dutch Shell Plc, Value Chain Analysis,
Transformation 58
7.5 Royal Dutch Shell Plc, SWOT Analysis 58
7.5.1
Royal Dutch Shell Plc, SWOT Analysis, Overview 58
7.5.2 Royal Dutch Shell
plc, SWOT Analysis, Strengths 59
7.5.3 Royal Dutch Shell plc, SWOT
Analysis, Weaknesses 60
7.5.4 Royal Dutch Shell plc, SWOT Analysis
Opportunities 60
7.5.5 Royal Dutch Shell plc, SWOT Analysis, Threats
62
7.6 Royal Dutch Shell Plc, Revenue Analysis 63
7.6.1 Royal Dutch
Shell Plc, Revenue Analysis, Revenue by Segment 63
7.6.2 Royal Dutch Shell
Plc, Revenue Analysis, Revenue by Geography 64
7.7 Royal Dutch Shell Plc,
Financial and Operational Review 65
7.7.1 Royal Dutch Shell Plc, Financial
and Operational Review, Financial Statements 65
7.7.2 Royal Dutch Shell
Plc, Financial and Operational Review, Financial Ratios 66
8 Italy
Exploration and Production Industry, Deals Land Scape 67
8.1 Acquisition
67
8.1.1 Mediterranean Oil & Gas Acquires 100% of JKX Italia From JKX Oil
& Gas 67
8.1.2 PETRONAS Acquires FL Selenia From Kohlberg Kravis 69
8.1.3 Gaz De France Acquires Additional 20% Stake In Energie Investimenti From
Camfin 70
8.2 Private Equity 72
8.2.1 Kohlberg Kravis Sells FL Selenia
To PETRONAS 72
8.3 Partnership 73
8.3.1 Enel Forms Joint Venture With
Egyptian Natural Gas Holding Company 73
8.3.2 Po Valley Energy Enters Into
Joint Venture With Edison 75
8.4 Asset Transactions 76
8.4.1 Po Valley
Acquires Correggio Gas Field From ENI 76
8.4.2 Otto Energy Acquires 50%
Holdings In Two Bastiglia-Cento Exploration Permits From Ascent Resources
78
8.4.3 Petroceltic International Acquires Exploration Permits From BG
Gas International 79
8.4.4 Stratic Energy Corporation To Sell Its Interest
In G.R15.PU Permit 80
9 Italy Exploration and Production Industry, Recent
Developments 82
9.1 License Awards 82
9.1.1 Sep 09, 2008: Independent
Receives Government Approval For Testing On Italy' s Coalbed Methane Project
82
9.1.2 Jul 17, 2008: MOG To Receive Aglavizza Production Concession And
New Exploration Permits 82
9.1.3 Jul 16, 2008: Po Valley Receives
Exploration License For AR168PY In Adriatic Sea, Italy 83
9.1.4 Jul 02,
2008: Petroceltic Wins Nine Exclusive Exploration Permits In Central Adriatic
Offshore Italy 84
9.1.5 Jun 12, 2008: Eni And NOC Sign New Petroleum
Contracts 84
9.1.6 Jun 09, 2008: Eni Receives Approval From TSDA To
Develop Kitan Oil Field 85
9.1.7 May 27, 2008: Eni Wins New Exploration
Block In Indonesia 85
9.1.8 May 23, 2008: Indonesia Awards Exploration
Rights For Five Oil And Gas Blocks 86
9.1.9 May 13, 2008: Italy Project
Receives Ministry Approval To Shoot 3D Siesmic 86
9.1.10 May 02, 2008:
Chevron Gets Approval From Indonesian Government To Develop Galan Block 87
9.1.11 Apr 29, 2008: Independent Resources Wins Fiume Bruna Permit 88
9.1.12 Apr 29, 2008: Eni To Bid For Oil Contracts In Iraq 89
9.1.13 Apr
21, 2008: Eni Bids For Oil Development Contracts In Iraq 89
9.1.14 Apr 20,
2008: Edison To Bid For 100% In Abu Quir Field, Egypt 89
9.1.15 Mar 21,
2008: Eni Wins 32 New Exploration Licenses In US Gulf Of Mexico 90
9.2
Strategy and Business Expansion 90
9.2.1 Aug 10, 2008: Eni And Iraqi
Officials Discuss Cooperation In Oil, Gas Sector 90
9.2.2 Jul 03, 2008:
Eni Begins Functional Separation For Its Gas Subsidiaries 91
9.2.3 Jul 02,
2008: Eni And Petrobras Renew Agreements For Integrated, Strategic Upstream
And Downstream Initiatives 91
9.2.4 May 20, 2008: Total Launches Its
Second Nigerian Deepwater Project 92
9.2.5 May 19, 2008: Eni And The
Republic Of Congo Launch A New Integrated Model Of Cooperation 92
9.2.6
Apr 28, 2008: Gazprom And Eni Discuss Interaction In Libya 93
9.2.7 Apr
25, 2008: StatoilHydro Gets Aprroval For Morvin Field 94
9.2.8 Apr 10,
2008: Gazprom In Discussions With Eni On Joint Libyan Gas Projects 94
9.3
Recent Discoveries 95
9.3.1 Jul 22, 2008: Eni Discovers Gas In Offshore
Sicily 95
9.3.2 Jul 04, 2008: Petrobras Announces Oil And Gas Discovery In
Gulf Of Mexico 95
9.3.3 Jun 23, 2008: Eni Makes New Gas Discovery In
Pakistan 96
9.3.4 May 26, 2008: Petrobras Announces Discovery Of
Hydrocarbons In Gulf Of Mexico Waters 96
9.3.5 May 22, 2008: Sumitomo
Updates On North Sea Exploration Well 97
9.3.6 May 21, 2008: Eni Makes New
Oil Discovery In UK North Sea 97
9.3.7 May 05, 2008: Eni Announces Oil
Discovery Offshore Angola 98
9.3.8 Apr 24, 2008: Eni Announces New
Hydrocarbon Discovery In Norwegian North Sea 98
9.3.9 Apr 03, 2008: BP
America Announces Gulf Of Mexico Discovery 98
9.3.10 Mar 10, 2008: Eni
Makes New Oil Discovery In Timor Sea 99
9.4 Drilling and Production
Updates 99
9.4.1 Jul 17, 2008: Eni' s Kitan Discovery To Hold Between 30 To
40 Million Barrels Of Recoverable Oil 99
9.4.2 Jul 01, 2008: BGEC Signs
Agreement With UFG To Jointly Explore 1.3 Million Hectares In Sulu Sea
100
9.4.3 Jun 16, 2008: Tap Re-Commences Production From Woollybutt Field
100
9.4.4 Jun 09, 2008: Pioneer Natural Starts Oil Production From
Oooguruk Unit 101
9.4.5 May 30, 2008: Total Expects Kashagan Oil
Production Starting In Next Few Years 101
9.4.6 May 28, 2008: Eni Drills
Charon-1 Well In Western Australia 102
9.4.7 May 12, 2008: Eni May
Postpone Kashagan Oil Production Until 2013 102
9.4.8 May 07, 2008: MOG
Updates On OM2 Well 103
9.4.9 May 06, 2008: StatoilHydro Updates On
Sangos-1 Well 104
9.4.10 May 02, 2008: MOG Updates On OM2 Well 105
9.4.11 Apr 30, 2008: ROC Provides Drilling Update 106
9.4.12 Apr 28, 2008:
Eni Commences Development Of Longhorn Gas Field In Gulf Of Mexico 106
9.4.13 Apr 23, 2008: ROC Provides Drilling Update 107
9.4.14 Apr 16, 2008:
ROC Provides Operational Update 107
9.4.15 Apr 16, 2008: StatoilHydro
Updates On Its Operations At Tyrihans Field 108
9.4.16 Apr 15, 2008: Eni
Starts Production From Badhra Gas Field 109
9.4.17 Apr 09, 2008: ROC
Provides Drilling Update 109
9.4.18 Mar 19, 2008: ROC Provides Drilling
Update 110
9.5 Financial Announcements 111
9.5.1 Jul 31, 2008: Eni
Declares 2Q 2008 Results 111
9.5.2 Jul 28, 2008: Edison Reports 1H 2008
Results 112
9.5.3 May 13, 2008: Edison Reports Q1 2008 Results 114
9.5.4 Apr 24, 2008: Eni Declares Q1 2008 Results 116
9.6 Other Significant
Developments 118
9.6.1 Sep 09, 2008: Ascent Announces Preliminary Results
Of Anagni Seismic 118
9.6.2 Jul 31, 2008: Eni Appoints New COO 118
9.6.3 Jul 23, 2008: Sicily Refuses Eni And Edison Plans To Develop Two Oil And
Gas Fields 118
9.6.4 Jul 16, 2008: Eni To Appeal Ruling On Pieve Vergonte
Site 119
9.6.5 Jul 02, 2008: Iran Allocates $16 Billion To Develop Oil
Wells 119
9.6.6 Jun 30, 2008: Eni Announces Management Changes 120
9.6.7 Jun 25, 2008: Edipower Announces Management Changes 120
9.6.8 Jun
16, 2008: Ascent Commences Seismic Acquisition On Frosinone Permit 120
9.6.9 Jun 11, 2008: Eni Re-Appoints CEO 121
9.6.10 May 13, 2008: Edison
Appoints Directors Of Board Committees 121
9.6.11 Apr 28, 2008: Eni Starts
Development Of Longhorn Gas Field In Gulf Of Mexico Deepwater 121
9.6.12
Apr 20, 2008: Eni Signs MoU With Qatar Petroleum 122
9.6.13 Apr 18, 2008:
Incremental Updates On Kuzey Arpaci 1 Well 123
10 Appendix 124
10.1
Methodology 124
10.1.1 Coverage 125
10.1.2 Secondary Research 125
10.1.3 Primary Research 126
10.1.4 Forecasts 126
10.2 Key Economic
Assumptions 129
10.3 Expert Panel Validation 130
10.4 Definitions
130
10.5 Unit Of Measure 131
10.6 Disclosure information 132
10.7
Contact Us 132
10.8 Disclaimer 132
1.1 List of Tables
Table
1: Italy, Oil and Gas, Key Statistics, April 2008 10
Table 2: Total Crude
Oil and Natural Gas Reserves, 2000-2012 13
Table 3: Italy, Total Crude Oil
Production (MMBBLs), 2000-2007 14
Table 4: Italy, Total Natural Gas
Production (BCF), 2000-2007 15
Table 5: Italy, Oil and Gas Asset Details,
April 2008 16
Table 6: Italy Onshore, Total Crude Oil Production
(Barrels), by Assets, 2000-2007 17
Table 7: Italy Offshore, Total Crude
Oil Production (Barrels), by Assets, 2000-2007 17
Table 8: Italy Onshore,
Total Natural Gas Production (MMCF), by Assets, 2000-2007 18
Table 9:
Italy Offshore, Total Natural Gas Production (MMCF), by Assets, 2000-2007
18
Table 10: Italy, Oil and Gas Planned Production Asset Details, April
2008 19
Table 11: Italy, Total Crude Oil Production (MMBBLs), by Company,
2000-2007 19
Table 12: Italy, Total Natural Gas Production (BCF), by
Company, 2000-2007 20
Table 13: Italy, Total Crude Oil Production
(MMBBLs), Forecast, 2008-2013 21
Table 14: Italy, Total Natural Gas
Production (BCF), Forecast, 2008-2013 21
Table 15: Italy, Total Number of
Active Exploration, 2000-2007 23
Table 16: Italy, Total Number of Active
Exploration Blocks by Company, 2000-2007 23
Table 17: Italy, Total Number
of Active Exploration Blocks by Company, 2000-2007 (Cont' d) 24
Table 18:
Italy, Oil and Gas Exploration Blocks Details, April 2008 25
Table 19:
Italy, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 26
Table 20: Italy, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d)
27
Table 21: Italy, Oil and Gas Planned Exploration Block Details, April
2008 28
Table 22: Eni S.p.A., Key Facts, 2007 29
Table 23:
Eni S.p.A., SWOT Analysis , 2007 42
Table 24: Eni S.p.A., Revenue by
Segment, Euro Million, 2002-2006 48
Table 25: Eni S.p.A., Revenue by
Geography, Euro Million, 2002-2006 49
Table 26: Eni S.p.A., Financial
Statements, Euro Million, 2003-2007 50
Table 27: Eni S.p.A.,
Financial Ratios, Euro Million, 2003-2007 51
Table 28: Eni S.p.A.
Operational Indicators, 2003-2007 52
Table 29: Royal Dutch Shell plc,
Key Facts, 2006 53
Table 30: Royal Dutch Shell plc, SWOT Analysis ,
2006 59
Table 31: Royal Dutch Shell plc, Revenue by Segment, USD
Million, 2002-2006 64
Table 32: Royal Dutch Shell plc, Revenue by
Geography, USD Million, 2002-2006 65
Table 33: Royal Dutch Shell plc,
Financial Statements, USD Million, 2002-2006 65
Table 34: Royal Dutch
Shell plc, Financial Ratios, USD Million, 2002-2006 66
Table 35: Brent
Blend NYMEX Future Prices 129
1.2 List of Figures
Figure 1:
Italy, Exploration and Production Assets Map, April 2008 11
Figure 2:
Italy, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 12
Figure 3: Italy, Total Crude Oil Production (MMBBLs), 2000-2007 14
Figure
4: Italy, Total Natural Gas Production (BCF), 2000-2007 15
Figure 5:
Italy, Total Number of Active Exploration, 2000-2007 22
Figure 6: Eni
S.p.A., Value Chain Analysis 38
Figure 7: Royal Dutch Shell plc,
Value Chain Analysis 54
Figure 8: Global Markets Direct Methodology
124
