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The Future of Deepwater Drilling |
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Introduction According to the International Energy Agency (IEA), at the end of 2008 the world’s total offshore crude oil reserves was 238bn barrels (approximately 18% of the total oil reserves),of which deepwater oil reserves constituted 25bn barrels. Oil and gas production from deepwater fields started around 1995 and accelerated from 2000, as increasing oil prices made expensive offshore projects viable. Features and benefits * Achieve a comprehensive understanding of the global deepwater oil and gas industry including the drivers and resistors of deepwater operations. * Assess the impact of the Deepwater Horizon accident on BP, deepwater operators, oil-field services companies and governments. * Predict the implications of the response of the US government on the deepwater oil and gas industry in the US Gulf of Mexico and globally. * Analyze the potential impact on deepwater operators due to possible changes in operational and regulatory landscapes. * Quantify global deepwater oil production capacity, global deepwater oil and gas exploration wells, and global and US Gulf of Mexico deepwater oil. Highlights According to the International Energy Agency (IEA), at the end of 2008 the world’s total offshore crude oil reserves was 238bn barrels (approximately 18% of the total oil reserves), of which deepwater oil reserves constituted 25bn barrels. Oil and gas production from deepwater fields started around 1995 and accelerated from 2000, as increasing oil prices made expensive offshore projects economically viable. The growth in deepwater oil and gas industry has been led by the US GoM region due to a favorable regulatory regime and a stable business environment. According to Infield Systems, an energy data provider, oil and gas producing fields in deepwater GoM rose from 32 in 2000 to 112 by 2007. Your key questions answered * What is the current status of the global deepwater oil and gas industry? * What are the main deepwater regions and the most promising deepwater regions globally? * What are the key drivers and resistors of deepwater oil and gas activities globally today? * Is the Deepwater Horizon accident a ‘game changer’ for the deepwater oil and gas industry? * What are the possible changes expected to occur in drilling technology, operations, and partner relationships? |
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Table of Contents : |
Executive Summary Introduction to Deepwater oil and gas drilling The Macondo oil spill and implications Evolving deepwater operational landscape Changing US regulatory framework Future outlook [Missing title] Disclaimer Introduction to Deepwater oil and gas drilling Summary Introduction Global deepwater operations Reserves and potential Drivers of deepwater operations Energy security Resistors for deepwater operations High costs of drilling The Macondo oil spill and implications Summary The BP Gulf of Mexico accident [Missing title] Oil spills comparison Impact on environment Response to the spill Implications for the global upstream sector Evolving deepwater operational landscape Summary Deepwater drilling technologies Platform types Drilling technologies Blowout Preventer (BOP) Operational safety Anticipated change in risk mitigation measures Emergency response measures Oil spill containment and clean-up measures Possible changes in nature of partner relationships Industry consolidation Change in contractual obligations Changing US regulatory framework Summary Introduction History of US offshore regulation Possible increase in oversight, safety and environmental safeguards Recommendations of the National Commission on the oil spill Continued uncertainty Future outlook Summary What next for BP? Financial implications of the Deepwater Horizon accident Outlook A business opportunity for oil-field service companies? The Deepwater Horizon accident – a game changer? Deepwater oil and gas production forecasts Glossary |
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Published By : Business Insights |
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