Oil & Gas Exploration In the Arctic Region - Analysis of Exploration & Development Plans in this Environmentally Sensitive Area
NEW YORK, Oct. 11, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
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Oil & Gas Exploration In the Arctic Region - Analysis of Exploration & Development Plans in this Environmentally Sensitive Area
Summary
"Oil & Gas Exploration In the Arctic Region - Analysis of Exploration & Development Plans in this Environmentally Sensitive Area" is the latest report from GlobalData, the industry analysis specialist. The report highlights the oil and gas exploration potential of the Arctic region, providing details of the key exploration areas, major companies exploring the Arctic and the drivers and challenges of oil and gas exploration in the Arctic. The report discusses the leasing and exploration activities in the US, Greenland, Canada, Iceland, Norway and Russia, detailing concessions awarded, new licensing rounds, companies involved and the drivers and challenges to development.
According to the report, due to climate change the Arctic ice cover is declining. If this continues, the Arctic will become accessible for the exploration and production of oil and gas in about 60-70 years. This has created a race between the Arctic littoral countries to claim more of the Arctic region in order to secure future energy needs from the region.
Scope
The report analyzes the oil and gas exploration activities in the Arctic. The scope of the report includes -
- The report provides an overview of the oil and gas exploration in the Arctic
- The report discusses the major issues and drivers affecting oil and gas exploration in the Arctic
- The report details the exploration license awards and new licensing rounds in the Arctic littoral countries, such as the US, Canada, Greenland, Iceland, Norway and Russia
- The report analyzes the competitive structure of the oil and gas exploration in the Arctic, providing information on the major companies operating in the region
- The report provides information on current oil and gas exploration activities in the Arctic littoral countries, such as the US, Canada, Greenland, Iceland, Norway and Russia
- The report also discusses the possible environmental implications of oil and gas exploration in the Arctic
Reasons to buy
The report will enhance your decision making capability. It will allow you to -
- Develop business strategies with the help of specific insights into the oil and gas exploration market in the Arctic
- Identify opportunities and challenges in the market.
- Plan your strategies based on expected developments in the market.
- Understand the competitive landscape of this emerging market.
- Keep yourself informed of the key developments in this potentially game changing market
1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 4
1.2 List of Figures 4
2 Introduction 5
2.1 Overview 5
2.2 GlobalData Report Guide 5
3 Arctic – A Frontier Oil and Gas Exploration Prospect 6
3.1 Oil and Gas Exploration in the Arctic – An Overview 6
3.1.1 Arctic Region Holds Significant Undiscovered Hydrocarbon Resources 8
3.1.2 Key Hydrocarbon Bearing Basins in the Arctic 10
3.1.3 Major Oil and Gas Discoveries in the Arctic 12
3.2 Developing Oil and Gas Resources in the Arctic– Key Drivers and Challenges 13
3.2.1 Huge Potential Reserves and Innovative Offshore Drilling Technologies Will Drive the Development of Oil & Gas Resources in the Arctic 13
3.2.2 Environmental Concerns, Harsh Climatic Conditions and Territorial Disputes Between Nations Might Hamper the Development of Arctic Oil & Gas Resources 14
4 Oil and Gas Exploration in the Arctic - Current Industry Activity 18
4.1 Oil and Gas Exploration Activity in Alaska 18
4.2 Oil and Gas Exploration Activity in Canada 29
4.3 Oil and Gas Exploration Activity in Greenland 32
4.4 Oil and Gas Exploration Activity in Iceland 35
4.5 Oil and Gas Exploration Activity in Norway 36
4.6 Oil and Gas Exploration Activity in Russia 38
5 Oil and Gas Exploration in the Arctic - Major Companies at the Forefront of Developing Projects 39
5.1 Major Companies Operating in the Arctic Region 39
5.1.1 BP Plc 39
5.1.2 Cairn Energy 40
5.1.3 Chevron Corporation 41
5.1.4 Nunaoil 42
5.1.5 Royal Dutch Shell 44
5.1.6 Statoil S.A. 45
5.2 Investment by Major Companies in Arctic's Oil and Gas Resources 45
6 Appendix 46
6.1 Sources 46
6.2 Market Definitions 46
6.3 Abbreviations 46
6.3.1 Methodology 46
6.3.2 Coverage 47
6.3.3 Secondary Research 47
6.3.4 Primary Research 47
6.3.5 Expert Panel Validation 48
6.4 Contact Us 48
6.5 Disclaimer 48
List of Tables
Table 1: The Arctic Region, Conventional Oil and Natural Gas Resources (Mean Estimated Undiscovered Technically Recoverable) By Province, 2011 11
Table 2: The Arctic, Alaska OCS Region, Active Lease Summary Table, To October 2010 21
Table 3: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, 2011-2015 22
Table 4: The Arctic, Greenland, Licenses Awarded in the 2010 Licensing Round, 2010 33
List of Figures
Figure 1: The Arctic Region, Geographic Location 7
Figure 2: The Arctic Region, Probability of the Presence of at Least One Undiscovered Oil And/or Gas Field with Recoverable Resources Greater than 50 MMboe 8
Figure 3: The Arctic Region, Undiscovered Gas, Map 9
Figure 4: The Arctic Region, Undiscovered Oil, Map 9
Figure 5: Regional Concentration of Arctic Oil and Gas Resources by Continental Land Mass 10
Figure 6: The Arctic Region, Discovered Fields 12
Figure 7: The Arctic, Ice Gouging Problem in the Construction of Pipelines in the Offshore Arctic 15
Figure 8: The Arctic, Issue of Permafrost Thawing in the Construction of Pipelines in the Offshore Arctic 16
Figure 9: The Arctic, Issue of Upheaval Buckling in the Construction of Pipelines in the Offshore Arctic 17
Figure 10: The Alaska Region, Outer Continental Shelf Lease Ownership, Beaufort Sea, To October 2010 19
Figure 11: The Arctic, Alaska Region, Outer Continental Shelf Lease Ownership, Chukchi Sea, To October 2010 20
Figure 12: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, 2011-2015 22
Figure 13: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program Public Notification Schedule for an Area-Wide Lease Sale, 2011-2015 23
Figure 14: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, Cook Inlet Area-Wide, 2011-2015 24
Figure 15: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, Beaufort Sea Area-Wide, 2011-2015 25
Figure 16: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, North Slope Area-Wide, 2011-2015 26
Figure 17: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, North Slope Foothills Area-Wide, 2011-2015 27
Figure 18: The Arctic, Alaska, Five-Year Oil and Gas Leasing Program, Alaska Peninsula Area-Wide, 2011-2015 28
Figure 19: The Arctic, Alaska, North Slope Oil and Gas Activity, 2011 29
Figure 20: The Arctic, Canada, Winning Bids, 2010–2011 30
Figure 21: The Arctic, Canada, Central Mackenzie Valley Winning Bids, 2010–2011 31
Figure 22: The Arctic, Greenland, Licenses Awarded in the 2010 Licensing Round, 2010 32
Figure 23: The Arctic, Greenland, Area to be Allotted for Licensing in the Licensing Round 2012–2013 34
Figure 24: The Arctic, Iceland, Blocks on Offer in Second Licensing Round, 2011 35
Figure 25: The Arctic, Norway, Licenses Awarded in the Licensing Round 2010 37
Figure 26: The Arctic, Norway, Licensing Round 2011, Predefined Area for Licensing, 2010 38
Figure 27: BP Exploration and Production in Alaska, 2011 39
Figure 28: BP, Location and Scale of South Kara Sea Licenses 40
Figure 29: Greenland, Licenses Awarded, Cairn Energy, To 2010 41
Figure 30: The Arctic, Greenland, Exploration Licenses with Nunaoil Stakes 43
Figure 31: The Arctic, Exploration Licenses with Royal Dutch Shell, To 2010 44
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