Offshore Oil and Gas Discoveries - Latin America And Africa Emerging As Major Investment Destinations


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GlobalData

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Global Data’s new report, “Offshore Oil and Gas Discoveries - Latin America and Africa Emerging as Major Investment Destinations” analyses the improvement and development of the offshore oil and gas industry in Latin America and Africa due to their growth in terms of potential oil and gas finds in recent years. The report highlights the range of global offshore oil and gas discoveries and the key companies operating in the global offshore oil and gas industry. The report details investments in the offshore E&P sectors of Latin America and Africa, which are leading to increased exploration efforts in these regions and driving expansion in their oil and gas production capabilities. The report also traces the influence of government policies and fiscal components on National Oil Companies (NOCs) and International Oil Companies (IOCs) operating in the offshore areas of Latin America and Africa. The report delves deep into the key offshore oil and gas discoveries (with huge reserve potential) in Latin America and Africa. It compares the share of global offshore oil and gas discoveries made by NOCs and IOCs. The report elucidates the competitive landscape of NOCs and IOCs operating in these offshore areas in terms of legal, operational and financial parameters. It also provides the key reasons behind the dominance of Latin America and Africa over other regions in terms of offshore oil and gas discoveries. The report also offers information on M&A deals between NOCs and IOCs in these regions to promote offshore upstream operations. 

Scope 

The report provides a detailed analysis of the improvement and development of the offshore oil and gas industry in Latin America and Africa due to their growth in terms of potential oil and gas finds in recent years. It provides:

  • A regional comparison of the global offshore oil and gas discoveries during the period 2007-2010 with the competitive landscape of key operating companies in the global offshore oil and gas industry
  • The contribution of Latin America and Africa to major offshore oil and gas discoveries during 2007-2010
  • An analysis of the major offshore oil and gas discoveries in Latin America and Africa
  • The details of how Latin America and Africa are emerging as major oil and gas producing regions with their respective historic and forecast offshore oil and gas production
  • The bidding rounds and licensing procedures in potential exploration countries of the Latin American and African region
  • Information about the vital role of the government and influence of its policies in boosting the oil and gas industry of Latin America and Africa
  • The growth of the national and international investment scenario (capex and opex) vis-à-vis the increase in production in Latin America and Africa
  • The fiscal environment in both the regions and the influence of the fiscal components on offshore areas compared to onshore areas
  • Comparison between the benefits and drawbacks of nationalization of domestic resources in Latin America and internationalization of the oil and gas industry in Africa
  • Major oil and gas companies involved in potential offshore discoveries and key countries holding high potential
  • Specifications and reserve potential of the prospective offshore finds in key discovery destinations that are attracting major foreign players and huge investments
  • The nascent relationship between the NOCs and IOCs of Latin America and Africa through recent joint ventures and asset transactions
  • The share of NOCs and IOCs in the exploration and production activities and their investments in these regions.
Reasons to buy 

The report will enhance your decision making capability. It will allow you to -

  • Identify opportunities in the upcoming offshore oil and gas markets in Latin America and Africa
  • Keep abreast of the activities of different NOCs and IOCs in developing offshore oil and gas resources in these regions
  • Understand the potential and challenges involved in developing offshore oil and gas resources in Latin America and Africa
  • Formulate business strategies by understanding the strategies adopted by your competitors to strengthen their position in the Latin American and African offshore markets
  • Gain insight into the competition between the NOCs and IOCs and the emerging investment scenario in the oil and gas offshore industry in these regions
  • Analyze the key offshore discoveries during 2007-2010 in Latin America and Africa and identify projects for investment.
Table of Contents

1 Table of Contents 4

1.1 List of Tables 6
1.2 List of Figures 7

2 An Overview of Offshore Global Oil and Gas Discoveries, 20072010 8

2.1 Offshore Global Oil and Gas Discoveries, 20072010, Regional Comparison 8
2.2 Offshore Global Oil and Gas Discoveries, 2007-2010, Key Companies and Competitive Landscape 10

3 Offshore Oil and Gas Discoveries in Latin America Increased Exploration and Focused Investments Driving Growth 11
3.1 An Analysis of Offshore Oil and Gas Discoveries in Latin America, 20072010 11
3.1.1 Latin America, Offshore Oil and Gas Industry Overview 11
3.1.2 Offshore Oil and Gas Discoveries in Latin America, 20072010 16
3.1.3 Offshore Oil & Gas Discoveries in Latin America, Split by Oil and Gas, 20072010 19

4 Government Support and Favorable Policies Facilitating Offshore Oil and Gas Finds in Latin America 20
4.1 Government Initiatives and Policies Boost Oil and Gas Upstream Sector 20
4.2 Key Fiscal Components Impacting Oil and Gas Industry Development in Latin America 23
4.3 NOCs Have Been in the Forefront of Exploration and Development Activities in Latin America 25

5 Offshore Oil & Gas Discoveries in Latin America Brazil Leads The Way 27
5.1 Offshore Oil & Gas Discoveries in Latin America Brazils Offshore Reserves Hold Immense Potential 27
5.2 Offshore Oil and Gas Discoveries in Latin America Analysis Of Key Discoveries 31
5.2.1 Tupi, Brazil 31
5.2.2 Libra, Brazil 34
5.2.3 Franco, Brazil 35
5.2.4 Jupiter, Brazil 37
5.2.5 Iara, Brazil 39
5.2.6 Guara, Brazil 41
5.2.7 Perla, Venezuela 43

6 Offshore Oil and Gas Discoveries in Latin America - Analysis By Company 45
6.1 Latin America, Major Companies in Offshore Areas 45
6.1.1 Petrobras, An Overview 45
6.1.2 OGX Petroleo e Gas Participacoes SA, An Overview 49
6.1.3 BG Group Plc, An Overview 51

7 NOCs and IOCs in Offshore Oil and Gas Industry in Latin America A Competitive Landscape 53
7.1 NOCs and IOCs in Offshore Oil and Gas Industry in Latin America, An Overview 53
7.2 NOCs vs IOCs in Offshore Oil and Gas Discoveries in Latin America, 20072010 55

8 Offshore Oil and Gas Discoveries in Africa Huge Potential Attracting Investments 57
8.1 An Analysis of Oil and Gas Discoveries in Africa, 20072010 57
8.1.1 Africa, Oil and Gas Industry Overview 57
8.1.2 Offshore Oil and Gas Discoveries in Africa, 20072010 66
8.1.3 Offshore Oil and Gas Discoveries in Africa Split by Oil and Gas, 20072010 68

9 Domestic Governments Role In The Development Of Oil and Gas Industry In Africa 69
9.1 Government Initiatives and Policies to Boost Oil and Gas Upstream Sector 69
9.2 Key Fiscal Components Driving Oil and Gas Industry Development in the Region 71
9.3 Role of IOCs In African Oil and Gas Upstream Sector 72

10 Offshore Oil and Gas Discoveries in Africa Angola and Ghana Emerging As Key Discovery Destinations 75
10.1 Offshore Oil and Gas Discoveries in Africa The Emergence of Angola and Ghana 75
10.2 Offshore Oil and Gas Discoveries in Africa Analysis Of Key Discoveries 79
10.2.1 Jubilee, Ghana 79
10.2.2 Block 15/06, Angola 83
10.2.3 Block 31, Angola 85
10.2.4 Block 17/06, Angola 87

11 Offshore Oil and Gas Discoveries in Africa Analysis By Company 89
11.1 Africa, Major Companies in Offshore Areas 89
11.1.1 Total SA, An Overview 89
11.1.2 BP Plc, An Overview 91
11.1.3 Tullow Oil Plc, An Overview 93

12 A Competitive Landscape of NOCs and IOCs in Offshore Oil and Gas Industry in Africa 96
12.1 NOCs and IOCs in Offshore Oil and Gas Industry in Africa, Overall Scenario 96
12.2 NOCs vs IOCs in Offshore Oil and Gas Discoveries, 20072010, Africa 100

13 Appendix 102
13.1 Abbreviations 102
13.2 Methodology 103
13.2.1 Coverage 103
13.2.2 Secondary Research 103
13.2.3 Primary Research 103
13.2.4 Expert Panel Validation 104
13.3 Contact us 104
13.4 Disclaimer 104
Table 1: Offshore Oil and Gas Discoveries Per Year by Region, 20072010 9
Table 2: Offshore Oil & Gas Production By Country, Latin America, MMboe, 20052014 13
Table 3: Offshore Oil and Gas Capital Expenditure, Latin America, $ m, 20052014 15
Table 4: Recent Deals Between IOCs and NOCs, 20092010 (Q1,Q2) 22
Table 5: Fiscal Components And Their Details in Offshore Areas, Latin America 24
Table 6: Exploration Blocks of NOCs in Latin America, 20002009 25
Table 7: Offshore Oil and Gas Production of NOCs in Latin America, MMboe, 20002009 26
Table 8: Estimated Recoverable Reserves Post Sub-salt Discoveries in Brazil, million barrels, 2009 28
Table 9: Details of Pre-Salt Discoveries, Santos Basin, Brazil Offshore, 2009 29
Table 10: Brazil Offshore Investments, $ m, 20052014 30
Table 11: Tupi Field, Key Specifications 32
Table 12: Tupi Field, Status Update, 2010 33
Table 13: Libra Oil Prospect, Key Specifications 35
Table 14: Libra Oil Prospect, Status Update, 2010 35
Table 15: Franco Oil Prospect, Key Specifications 36
Table 16: Franco Oil Prospect, Status Update, 2010 36
Table 17: Jupiter Field, Key Specifications 38
Table 18: Jupiter Field, Status Update, 2010 38
Table 19: Iara Field, Key Specifications 40
Table 20: Iara Field, Status Update, 2010 40
Table 21: Guara Field, Key Specifications 42
Table 22: Guara Field, Status Update, 2010 42
Table 23: Perla Field, Key Specifications 43
Table 24: Perla Field, Status Update, 2010 44
Table 25: Total Production of Petrobras And Its Subsidiaries, MMboe, 20002009 45
Table 26: Offshore Oil and Gas Discoveries of Petrobras, Global, 20072010 46
Table 27: Active Offshore Exploration Blocks of OGX, Brazil, 2010 49
Table 28: Offshore Oil and Gas Discoveries of OGX Petroleo e Gas Participacoes SA , Brazil, 20072010 50
Table 29: Offshore Exploration Blocks of BG Group, Latin America, 2010 51
Table 30: Offshore Oil and Gas Discoveries of BG Group Plc, Latin America, 20072010 52
Table 31: Share of NOCs in Domestic Oil and Gas Production (%), Latin America, 2009 54
Table 32: Offshore Exploration Assets in Major Countries, Africa, 20002009 57
Table 33: Offshore Oil & Gas Production By Country, Africa, MMboe, 20052014 64
Table 34: Offshore Oil and Gas Capital Expenditure, Africa, ($ m), 20052014 65
Table 35: Recent Partnerships Between GNPC and IOCs, Ghana 69
Table 36: Fiscal Components And Their Details in Offshore Areas, Africa 71
Table 37: Offshore Exploration Blocks of Major IOCs, Africa, 20002009 72
Table 38: Offshore Oil and Gas Production for Fields Having Major Four IOCs As Operators, Africa, MMboe, 2009 73
Table 39: Offshore Exploration Blocks with Equity Details, Angola, 2010 75
Table 40: Offshore Investments in Angola, ($ m), 20052014 76
Table 41: Offshore Exploration Blocks, Equity Details, Ghana, 2010 78
Table 42: Jubilee Field, Key Specifications 79
Table 43: List of Discoveries, Jubilee Field, 20072010 80
Table 44: Jubilee Field, Status Update, 2010 82
Table 45: Future Development Plan, Jubilee Field, 20102013 82
Table 46: Block 15/06, List of Discoveries, 20082010 83
Table 47: Block 15/06, Status Update, 2010 84
Table 48: Block 31, List of Discoveries, 20072010 86
Table 49: Block 17/06, List of Discoveries, 20072010 88
Table 50: Oil and Gas Production of Total S.A. in Africa, MMboe, 20002009 89
Table 51: Offshore Exploration Blocks, Total S.A, Africa, 20002009 89
Table 52: Offshore Oil and Gas Discoveries of Total S.A, Africa, 20072010 90
Table 53: Offshore Oil and Gas Production, BP Plc, MMboe, Africa, 20002009 91
Table 54: Offshore Oil and Gas Exploration Blocks, BP Plc, Africa, 20002009 91
Table 55: Offshore Oil and Gas Discoveries, BP Plc, Africa, 20072010 92
Table 56: Offshore Exploration Blocks of Tullow Oil, Africa, 20002009 93
Table 57: Details of Assets in Ghana, Tullow Oil, 2010 94
Table 58: Planned Exploration Program of Tullow Oil, September 2010Early 2011 95
Table 59: Top Offshore Oil and Gas Producers, Africa, 2009 98
Table 60: M&A Activities By Deal Volume and Value, Africa, 20072010 98
Table 61: Top 10 Offshore M&A Deals, Africa, 20072010 99
Figure 1: Offshore Oil and Gas Discoveries by Region, Global, 20072010 8
Figure 2: Offshore Oil and Gas Discoveries Per Year by Region, 20072010 9
Figure 3: Offshore Global Oil and Gas Discoveries, Key Contributing Companies, 20072010 10
Figure 4: Concession Areas Map, Round 0Round 10, Brazil 11
Figure 5: Falkland Oil and Gas Limited License Areas, Falkland Islands 12
Figure 6: Offshore Oil & Gas Production By Country, Latin America, MMboe, 20052014 13
Figure 7: Offshore Oil and Gas Capital Expenditure, Latin America, $ m, 20052014 14
Figure 8: Number of Offshore Oil & Gas Discoveries, Latin America, 20072010 16
Figure 9: Total Number of Offshore Oil & Gas Discoveries by Country, Latin America, 20072010 17
Figure 10: Number of Offshore Oil & Gas Discoveries, Brazil, 20072010 18
Figure 11: Number of Offshore Oil & Gas Discoveries by Oil and Gas, Latin America, 20072010 19
Figure 12: Capital Expenditure of Latin American NOCs, $ bn, 2010 21
Figure 13: Estimated Recoverable Reserves Post Sub-salt Discoveries in Brazil, million barrels, 2009 27
Figure 14: Santos Basin, Pre-Salt Discoveries, Brazil Offshore, 2009 28
Figure 15: Tupi Field, Location Map, Brazil 31
Figure 16: Libra and Franco Oil Prospects, Location Map, Brazil 34
Figure 17: Jupiter Field, Location Map, Brazil 37
Figure 18: Iara Field, Location Map, Brazil 39
Figure 19: Guara Field, Location Map, Brazil 41
Figure 20: Perla Field, Location Map, Venezuela 43
Figure 21: Oil and Gas Production Targets of Petrobras vs Major IOCs, Thousand boe per day, 20002020 48
Figure 22: Share of NOCs in in Domestic Oil and Gas Production (%), Latin America, 2009 54
Figure 23: Number of Offshore Oil and Gas Discoveries of NOCs vs IOCs, Regional Comparison, 20072010 55
Figure 24: Number of Offshore Discoveries (%), NOCs vs. IOCs, Latin America, 20072010 56
Figure 25: Oil Concession Areas Map, Angola 58
Figure 26: Concession Areas Map, Bid Round 1, Egypt EGPC, 2009 59
Figure 27: Concession Areas Map, International Bid Round 1, Egypt Ganope, 2009 60
Figure 28: Concession Areas Map, International Bid Round, Egypt EGAS, 2009 61
Figure 29: Concession Areas Map, 10th Licensing Round, Gabon, 2010 62
Figure 30: Offshore Oil & Gas Production By Country, Africa, MMboe, 20052014 63
Figure 31: Offshore Oil and Gas Capital Expenditure, Africa, ($ m), 20052014 65
Figure 32: Number of Offshore Oil and Gas Discoveries, Africa, 20072010 66
Figure 33: Share of Offshore Oil and Gas Discoveries by Country (%), Africa, 20072010 67
Figure 34: Number of Offshore Oil and Gas Discoveries, Split By Oil and Gas, Africa, 20072010 68
Figure 35: Offshore Exploration Blocks, Location Map, Angola 76
Figure 36: Location of Major Sedimentary Basins, Ghana 77
Figure 37: Jubilee Field, Location Map, Ghana 79
Figure 38: Location Map of Discoveries, Jubilee Field, 20072010 81
Figure 39: Block 15/06, Location Map, Angola 83
Figure 40: Block 31, Location Map and Discoveries, Angola 85
Figure 41: Block 17 and Block 17/06, Location Map, Angola 87
Figure 42: Location of Major Discoveries in Ghana, Tullow Oil, 2010 94
Figure 43: Top Offshore Oil and Gas Producers, Africa, 2009 97
Figure 44: Offshore Oil and Gas Discoveries by Major IOCs, Africa, 20072010 100
Figure 45: Number of Offshore Discoveries in Africa (%), NOCs vs. IOCs, Africa, 20072010 101