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1.1 List of Tables 7
1.2 List of Figures 9
2 Italy Energy Sector 10
2.1 Italy Energy sector, Market Overview 10
2.2 Italy Energy Sector, Crude Oil 10
2.2.1 Italy Crude Oil, Overview 10
2.2.2 Italy Crude Oil, Supply and Demand Balance 11
2.2.3 Italy Crude Oil, Regulatory Structure 16
2.2.4 Italy Crude Oil, Infrastructure 16
3 Italy Oil Upstream Investment Environment Benchmarking 18
3.1 Introduction 18
3.2 The Overall Ranking 18
3.3 Upstream Fiscal Attractiveness 19
3.3.1 Maximum Government Take Index 20
3.3.2 Maximum State Participation 20
3.4 Oil Sector Performance 21
3.4.1 Exploration Activity 23
3.4.2 Oil Production 24
3.4.3 Oil Reserves 24
3.4.4 Consumption 24
3.4.5 Refining Capacity 24
3.5 Economic Performance 25
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 27
3.6 Socio-Political Performance 27
4 Italy Exploration and Production Sector 29
4.1 Italy Exploration and Production Sector, Country Snapshot 29
4.1.1 Italy Exploration and Production Sector, Key Data 29
4.1.2 Italy, Exploration And Production, Crude Oil Assets Map 29
4.2 Italy Exploration and Production Sector, Gross Crude Oil Production 30
4.2.1 Italy Exploration and Production Sector, Gross Crude Oil-Historical Production 30
4.2.2 Italy Exploration and Production Sector, Gross Crude Oil-Historical Production by Type 31
4.2.3 Italy Exploration and Production Sector, Gross Crude Oil Production by Assets 32
4.2.4 Italy Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 32
4.2.5 Italy Exploration and Production Sector, Market Share of Key companies Based on Gross Equity Weighted Crude Oil Production 33
4.3 Italy Exploration and Production Sector, Gross Crude Oil Forecast 34
4.3.1 Italy Exploration and Production Sector, Gross Crude Oil Forecasted Production 34
4.4 Italy Exploration And Production Sector, Crude Oil Asset Details 35
4.4.1 Italy Exploration And Production Sector, Active Crude Oil Asset Details 35
4.4.2 Italy Exploration And Production Sector, Planned Crude Oil Asset Details 35
4.5 Italy Exploration and Production Sector, Drilling and Production Updates 36
4.5.1 Jan 10, 2011: Po Valley Energy Announces 69% Increase In Gas Production From North Italy Gas Fields 36
4.5.2 Oct 06, 2010: Mediterranean Oil & Gas Announces Start-Up Of Gas Production From ANZ1 Well In Italy 37
4.5.3 Sep 16, 2010: Eni To Bring Four New Wells Online At Val'd Agri Oil Field By End Of 2010 37
4.5.4 Jul 19, 2010: Petroceltic Seeks Suspension Of Its Well Drilling Commitments In Italy 37
4.5.5 Jul 06, 2010: Po Valley Energy Provides Q2 2010 Production Update 38
5 Italy FSO Industry 40
5.1 Italy FSO Industry, FSO Capacity Details by Vessel 40
5.2 Italy FSO Industry, FSO Vessel Specifications 40
6 Italy Pipeline Sector 41
6.1 Italy Pipeline Sector, Key Data 41
6.2 Italy Pipeline Sector, An Overview 41
6.3 Italy Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 41
6.4 Italy Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 42
6.5 Italy Pipeline Sector, Crude Oil Pipelines 44
6.6 Italy Pipeline Sector, Petroleum Product Pipelines 45
7 Italy Refining Sector 46
7.1 Italy Refining Sector, Key Data 46
7.2 Italy Refining Sector, An Overview 46
7.2.1 Italy Refining Sector, Total Refining Capacity 46
7.3 Italy Refining Sector, Market Shares By Company 47
7.4 Italy Refining Sector, Crude Distillation Unit Capacity 49
7.5 Italy Refining Sector, Coking Capacity 50
7.6 Italy Refining Sector, Fluid Catalytic Cracking Capacity 50
7.7 Italy Refining Sector, Hydrocracking Capacity 51
8 Italy Oil and Chemicals Storage Sector 52
8.1 Italy Oil and Chemicals Storage Sector, Key Data 52
8.2 Italy Oil and Chemicals Storage Sector, An Overview 52
8.2.1 Italy Oil and Chemicals Storage Sector, Total Storage Capacity 52
8.2.2 Italy Oil and Chemicals Storage Sector, Storage Capacity by Area 53
8.3 Italy Oil and Chemicals Storage Sector, Market Shares By Company 54
8.4 Italy Oil and Chemicals Storage Sector, Storage Capacity by Terminal 55
9 Profile of Eni S.p.A 57
9.1 Eni S.p.A Key Information 57
9.2 Eni S.p.A, Company Overview 57
9.3 Eni S.p.A, Business Description 57
9.3.1 Business Overview 57
9.3.2 Engineering and Construction 58
9.3.3 Exploration & Production 58
9.3.4 Gas & Power 59
9.3.5 Others 60
9.3.6 Petrochemicals 60
9.3.7 Refining and Marketing 61
9.4 Eni S.p.A SWOT Analysis 62
9.4.1 Overview 62
9.4.2 Eni S.p.A. Strengths 62
9.4.3 Eni S.p.A. Weaknesses 64
9.4.4 Eni S.p.A. Opportunities 65
9.4.5 Eni S.p.A. Threats 66
9.4.6 Downturn in the Refining Sector 66
10 Profile of Royal Dutch Shell plc 68
10.1 Royal Dutch Shell plc, Key Information 68
10.2 Royal Dutch Shell plc, Company Overview 68
10.3 Royal Dutch Shell plc, Business Description 68
10.3.1 Business Overview 68
10.3.2 Corporate 69
10.3.3 Downstream 69
10.3.4 Upstream 71
10.4 Royal Dutch Shell plc, SWOT Analysis 72
10.4.1 Overview 72
10.4.2 Royal Dutch Shell plc Strengths 72
10.4.3 Royal Dutch Shell plc Weaknesses 73
10.4.4 Royal Dutch Shell plc Opportunities 74
10.4.5 Royal Dutch Shell plc Threats 75
11 Profile of Edison SpA 77
11.1 Edison SpA, Key Information 77
11.2 Edison SpA, Company Overview 77
11.3 Edison SpA, Business Description 77
11.3.1 Business Overview 77
11.4 Edison SpA, SWOT Analysis 79
11.4.1 Overview 79
11.4.2 Edison SpA Strengths 79
11.4.3 Edison SpA Weaknesses 80
11.4.4 Edison SpA Opportunities 81
11.4.5 Edison SpA Threats 83
12 Financial Deals Landscape 85
12.1 Detailed Deal Summary 85
12.1.1 Acquisition 85
12.1.2 Debt Offerings 89
12.1.3 Asset Transactions 93
13 Recent Developments 96
13.1 License Awards 96
13.1.1 Mar 09, 2011: Sound Oil Announces Award Of New Exploration License In Italy 96
13.1.2 Feb 22, 2011: Po Valley Energy Wins Two New Gas Exploration Licenses In Italy 96
13.1.3 Apr 28, 2010: Key Petroleum Receives Exploration Permit Status For Sardinia Island Block 97
13.2 Strategy and Business Expansion 98
13.2.1 Mar 10, 2011: Eni Announces 2011-2014 Strategic Plan 98
13.2.2 Jan 25, 2011: Canoel International Energy Establishes New Italian Subsidiary 99
13.2.3 Jan 21, 2011: Eni And PetroChina Sign MoU To Develop Business Opportunities In China And Abroad 99
13.3 Other Significant Developments 100
13.3.1 Mar 16, 2011: Petroceltic Provides Italian Operations Update 100
13.3.2 Mar 14, 2011: Mediterranean Oil & Gas Provides Operations Update 101
13.3.3 Mar 02, 2011: Italian Ministry Of Environment Issues Decree For Environmental Impact Assessment Of Galsi Pipeline 101
13.3.4 Feb 25, 2011: TAP And Plinacro Sign MOUC To Develop Southeast European Gas Market 102
13.3.5 Feb 14, 2011: Po Valley Energy Commences 2D Seismic Campaign To Progress Two Italian Gas Projects 102
13.3.6 Dec 14, 2010: Northern Petroleum Provides Italy, UK And Guyane Operations Update 103
13.3.7 Dec 09, 2010: Mediterranean Oil & Gas Provides Italy And Tunisia Operations Update 104
13.3.8 Nov 25, 2010: Mediterranean Oil & Gas Provides ST1dirA Well Update 105
13.3.9 Nov 12, 2010: Tamoil To Shut Cremona Refinery And Transform Into Depot By 2011 105
14 Appendix 106
14.1 Abbreviations 106
14.2 Methodology 106
14.2.1 Coverage 106
14.2.2 Secondary Research 107
14.2.3 Primary Research 107
14.2.4 Expert Panel Validation 107
14.3 Contact Us 108
14.4 Disclaimer 108
1.1 List of Tables
Table 1: Italy, Historical and Forecast Production and Consumption of Crude Oil, 1996-2020 11
Table 2: Italy, Historical and Forecast Imports and Exports of Crude Oil, 1996-2020 13
Table 3: Italy, Historical and Forecast Reserves of Crude Oil(Million Barrels), 1996-2020 15
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2011 18
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2011 19
Table 6: Western Europe, Investment Benchmarking, Oil Sector Performance, March 2011 21
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2011 25
Table 8: Western Europe, Country Standings, Economic Performance, March 2011 26
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2011 28
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2011 28
Table 11: Italy, Crude Oil Key Statistics, 2010 29
Table 12: Italy, Total Gross Crude Oil Production (MMBBLs), 2003-2010 30
Table 13: Italy, Gross Crude Oil Production (MMBBLs) by Type, 2003- 2010 31
Table 14: Italy, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2010 32
Table 15: Italy, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2003- 2010 32
Table 16: Italy, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2010 33
Table 17: Italy, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2011- 2015 34
Table 18: Italy, Active Oil Field Asset Details 35
Table 19: Italy, Planned Oil Field Asset Details 35
Table 20: Italy FSO Industry, FSO Oil Production Capacities, March 2011 40
Table 21: Italy FSO Industry, FSO Vessel Specifications, March 2011 40
Table 22: Italy, Oil Pipeline Key Statistics, March 2011 41
Table 23: Italy, Crude Oil Pipelines, March 2011 44
Table 24: Italy, Petroleum Product Pipelines, March 2011 45
Table 25: Italy, Refinery Key Statistics, March 2011 46
Table 26: Italy, Total Refining Capacity (MMTPA), 2000- 2015 46
Table 27: Italy, Refining Capacity by Company (MMTPA), 2000-2015 47
Table 28: Italy, Crude Distillation Unit Capacity (MMTPA), 2000-2015 49
Table 29: Italy, Coking Unit Capacity (MMTPA), 2000-2015 50
Table 30: Italy, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 50
Table 31: Italy, Hydrocracking Unit Capacity (MMTPA), 2000-2015 51
Table 32: Italy, Oil and Chemicals Storage Key Statistics, March 2011 52
Table 33: Italy, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 52
Table 34: Italy, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 54
Table 35: Italy, Oil and Chemicals Storage Capacity by Terminal (Thousand M3), 2000-2015 55
Table 36: Italy, Oil and Chemicals Storage Capacity by Terminal (Thousand M3), 2000-2015 (Contd.1) 56
Table 37: Eni S.p.A., Key Facts 57
Table 38: Eni S.p.A., SWOT Analysis 62
Table 39: Royal Dutch Shell plc, Key Facts 68
Table 40: Royal Dutch Shell plc, SWOT Analysis 72
Table 41: Edison SpA, Key Facts 77
Table 42: Edison SpA, SWOT Analysis 79
Table 43: Eni Completes Sale Of Its 100% Interest In Societa Padana Energia To Gas Plus 85
Table 44: EnQuest Acquires Stratic Energy 86
Table 45: Bonanza Resources And Bluescape Resources Acquire AleAnna 88
Table 46: Enel Announces Private Placement Of Bonds For $1,381.3 Million 89
Table 47: Eni Issues 3.5% Fixed Rate Bond For $1,367.3 Million 89
Table 48: Eni Completes Private Placement Of 4.15% Bonds Due 2020 For $450 Million 90
Table 49: Eni Completes Private Placement Of 5.7% Bonds Due 2040 For $350 Million 91
Table 50: Eni Completes Private Placement Of 4% Bonds For $1,238 Million 92
Table 51: Azimuth To Acquire 15% Interest In Two Offshore Licences In Italy 93
Table 52: Orca Exploration To Farm-In Longastrino Block In The Po Valley Basin, Italy 94
Table 53: Orca Exploration Signs Farm-In Agreement With Petroceltic International 95
1.2 List of Figures
Figure 1: Italy, Energy Consumption break-up, 2010 10
Figure 2: Italy, Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 12
Figure 3: Italy, Crude Oil Imports And Exports (Thousand Barrels Per Day), 1996-2020 14
Figure 4: Italy, Crude Oil Reserves (Million Barrels), 1996-2020 16
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2011 20
Figure 6: Western Europe, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, March 2011 22
Figure 7: Western Europe, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, March 2011 23
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2011 24
Figure 9: Western Europe, Country Standings, Economic Performance, March 2011 26
Figure 10: Italy, Crude Oil Assets Map, March 2011 29
Figure 11: Italy, Total Gross Crude Oil Production (MMBBLs), 2003-2010 30
Figure 12: Italy, Gross Crude Oil Production (MMBBLs) by Type, 2003-2010 31
Figure 13: Italy, Gross Equity Weighted Crude Oil Production by Key Companies (MMBBLs), 2003-2010 33
Figure 14: Italy, Market Share (%)of Key Companies based on Gross Equity Weighted Crude Oil Production, 2010 34
Figure 15: Italy, Crude Oil Pipeline Length by Company (Km), March 2011 41
Figure 16: Italy, Crude Oil Pipeline Length by Company (Km), March 2011 42
Figure 17: Italy, Petroleum Product Pipeline Length by Company (Km), March 2011 42
Figure 18: Italy, Petroleum Product Pipeline Length by Company (Km), March 2011 43
Figure 19: Italy, Total Refining Capacity (MMTPA), 2000- 2015 47
Figure 20: Italy Refining Sector, Market Shares (%) by Key Companies, 2010 48
Figure 21: Italy, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 53
Figure 22: Italy, Oil and Chemicals Storage Capacity by Area (%), 2010 53
Figure 23: Italy, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 54
Companies Mentioned
Eni S.p.A
Royal Dutch Shell plc
Edison SpA |
