Abstract
Denmark 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 Denmark. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Denmark. The profiles of the major
companies operating in the upstream industry of Denmark 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 10
2 Denmark, Country Snapshot 11
2.1 Denmark, Key Data 11
2.2 Denmark,
Exploration And Production Assets Map 12
2.3 Denmark, Crude Oil & Natural
Gas Reserves 13
3 Denmark, Crude Oil And Natural Gas Production 15
3.1
Denmark, Historical Crude Oil Production 15
3.2 Denmark, Historical
Natural Gas Production 16
3.3 Denmark, Crude Oil And Natural Gas Producing
Asset Details 17
3.4 Denmark, Crude Oil Production Assets By Area 19
3.5 Denmark, Natural Gas Production Assets by Area 20
3.6 Denmark, Planned
Production Assets Details 21
3.7 Denmark, Crude Oil Production by Company
21
3.8 Denmark, Natural Gas Production by Company 22
4 Denmark, Crude
Oil And Natural Gas Forecasts 23
4.1 Denmark, Forecasted Crude Oil
Production 23
4.2 Denmark, Forecasted Natural Gas Production 23
4.3
Denmark, Forecasted Crude Oil Production of Key Assets 24
4.4 Denmark,
Forecasted Natural Gas Production of Key Assets 25
4.5 Denmark, Forecasted
Asset Wise Gross Revenues 25
4.6 Denmark, Forecasted Asset Wise Total
Government Take 26
4.7 Denmark, Forecasted Asset Wise Income Tax 27
4.8 Denmark, Forecasted Asset Wise Contractor Take 28
5 Denmark,
Exploration Block Details 29
5.1 Denmark, Total Number of Active
Exploration Blocks 29
5.2 Denmark, Total Number of Active Exploration
Blocks by Company 30
5.3 Denmark, Exploration Blocks Details 31
6
Royal Dutch Shell Plc 34
6.1 Royal Dutch Shell Plc, Key Information 34
6.2 Royal Dutch Shell Plc, Company Overview 34
6.3 Royal Dutch Shell Plc,
Business Description 34
6.3.1 Royal Dutch Shell Plc, Business Description,
Business Overview 34
6.4 Royal Dutch Shell Plc, Value Chain Analysis
35
6.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 35
6.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 36
6.4.3
Royal Dutch Shell Plc, Value Chain Analysis, Retail 37
6.4.4 Royal Dutch
Shell Plc, Value Chain Analysis, Power Generation 38
6.4.5 Royal Dutch
Shell Plc, Value Chain Analysis, Transformation 38
6.5 Royal Dutch Shell
Plc, SWOT Analysis 39
6.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview
39
6.5.2 Royal Dutch Shell plc, SWOT Analysis, Strengths 39
6.5.3
Royal Dutch Shell plc, SWOT Analysis, Weaknesses 40
6.5.4 Royal Dutch
Shell plc, SWOT Analysis Opportunities 41
6.5.5 Royal Dutch Shell plc,
SWOT Analysis, Threats 42
6.6 Royal Dutch Shell Plc, Revenue Analysis
42
6.6.1 Royal Dutch Shell Plc, Revenue Analysis, Revenue by Segment
43
6.6.2 Royal Dutch Shell Plc, Revenue Analysis, Revenue by Geography
44
6.7 Royal Dutch Shell Plc, Financial and Operational Review 45
6.7.1 Royal Dutch Shell Plc, Financial and Operational Review, Financial
Statements 45
6.7.2 Royal Dutch Shell Plc, Financial and Operational
Review, Financial Ratios 46
7 Chevron Corporation 47
7.1 Chevron
Corporation, Key Information 47
7.2 Chevron Corporation, Company Overview
47
7.3 Chevron Corporation, Business Description 47
7.3.1 Chevron
Corporation, Business Description, Business Overview 47
7.4 Chevron
Corporation, Value Chain Analysis 48
7.4.1 Chevron Corporation, Value
Chain Analysis, Upstream 48
7.4.2 Chevron Corporation, Value Chain
Analysis, Midstream 49
7.4.3 Chevron Corporation, Value Chain Analysis,
Retail 50
7.4.4 Chevron Corporation, Value Chain Analysis, Power
Generation 50
7.4.5 Chevron Corporation, Value Chain Analysis,
Transformation 51
7.5 Chevron Corporation, SWOT Analysis 52
7.5.1
Chevron Corporation, SWOT Analysis, Overview 52
7.5.2 Chevron Corporation,
SWOT Analysis, Strengths 52
7.5.3 Chevron Corporation, SWOT Analysis,
Weaknesses 53
7.5.4 Chevron Corporation, SWOT Analysis, Opportunities
54
7.5.5 Chevron Corporation, SWOT Analysis, Threats 55
7.6 Chevron
Corporation, Revenue Analysis 57
7.6.1 Chevron Corporation, Revenue
Analysis, Revenue by Segment 57
7.6.2 Chevron Corporation, Revenue
Analysis, Revenue by Geography 57
7.7 Chevron Corporation, Financial and
Operational Review 58
7.7.1 Chevron Corporation, Financial and Operating
Review, Financial Statements 58
7.7.2 Chevron Corporation, Financial and
Operating Review, Financial Ratios 59
7.8 Chevron Corporation, Operational
Indicators 60
8 Hess Corporation 61
8.1 Hess Corporation, Key
Information 61
8.2 Hess Corporation, Company Overview 61
8.3 Hess
Corporation, Business Description 61
8.3.1 Hess Corporation, Business
Description, Business Overview 61
8.3.2 Hess Corporation, Business
Description, Exploration and Production 62
8.3.3 Hess Corporation,
Business Description, Marketing and Refining 63
8.3.4 Hess Corporation,
Business Description, Major Products and Services 64
8.4 Hess Corporation,
Value Chain Analysis 66
8.4.1 Hess Corporation, Value Chain Analysis,
Upstream 66
8.4.2 Hess Corporation, Value Chain Analysis, Midstream 67
8.4.3 Hess Corporation, Value Chain Analysis, Downstream 67
8.4.4 Hess
Corporation, Value Chain Analysis, Retail 68
8.5 Hess Corporation, SWOT
Analysis 68
8.5.1 Hess Corporation, SWOT Analysis, Overview 68
8.5.2
Hess Corporation, SWOT Analysis, Strengths 69
8.5.3 Hess Corporation, SWOT
Analysis, Weaknesses 70
8.5.4 Hess Corporation, SWOT Analysis,
Opportunities 71
8.5.5 Hess Corporation, SWOT Analysis, Threats 71
8.6
Hess Corporation, Revenue Analysis 72
8.6.1 Hess Corporation, Revenue
Analysis, Revenue by Segment 73
8.6.2 Hess Corporation, Revenue Analysis,
Revenue by Geography 73
8.7 Hess Corporation, Financial and Operational
Review 75
8.7.1 Hess Corporation, Financial and Operational Review,
Financial Statements 75
8.7.2 Hess Corporation, Financial and Operational
Review, Financial Ratios 76
8.8 Hess Corporation, Operational Indicators
77
9 Denmark Exploration and Production Industry, Deals Land scape 78
9.1 Merger 78
9.1.1 DONG, Energi E2, Elsam, Nesa, Frederiksberg Forsyning
And Copenhagen Energy Complete Merger 78
9.2 Acquisition 80
9.2.1
Noreco Acquires Talisman Oil Denmark 80
9.2.2 DONG Energy Acquires
ConocoPhillips Petroleum International Corporation Denmark From ConocoPhillips
81
9.2.3 Altinex Acquires Denerco Oil 83
9.3 IPO 85
9.3.1 DONG
Energy Postpones Initial Public Offering 85
9.4 Debt Offerings 86
9.4.1 DONG Energy Completes Public Offering Of Bonds For $1335.84 Million
86
9.4.2 DONG Energy Completes Public Offering Of Bonds For $607.2 Million
87
9.5 Partnership 88
9.5.1 Teekay Shipping Enters Into Joint Venture
With A.P. Moller 88
9.6 Asset Transactions 89
9.6.1 Dong Energy
Acquires Additional Intersts In Hejre And Hejre Extension Licenses From
Bayerngas Norge 89
9.6.2 Altinex Oil Denmark Acquires 12% Interest In Two
Licenses 9/06 (Gita) And 9/95 (Maja) From Chevron 91
9.6.3 DONG Energy
invests in UK offshore wind farms 92
9.6.4 PGNiG Acquires 40% Interest In
License 1/05 From Willumsen Exploration 93
9.6.5 Centrica Acquires
Interests In North Sea Gas Fields From Kerr Mcgee 94
9.6.6 Talisman Energy
To Sell Its Assets In Netherlands, Denmark And Trinidad 95
9.6.7 PA
Resources To Acquire Two Danish Licenses From Shell 96
10 Denmark
Exploration and Production Industry, Recent Developments 99
10.1 License
Rounds 99
10.1.1 Jul 11, 2008: Minister Of Fishery And Natural Resources
Launches Third Faroese Licensing Round 99
10.2 License Awards 99
10.2.1 May 26, 2008: PA Resources Receives Shares In An Exploration License,
Offshore Western Greenland 99
10.2.2 Apr 10, 2008: Dong Receives Drilling
Permit From NPD 100
10.2.3 Feb 12, 2008: Maersk Oil Wins New Exploration
Licenses In Norway 100
10.2.4 Feb 08, 2008: Norway Declares Licensing
Awards For APA 2007 100
10.3 Strategy and Business Expansion 101
10.3.1 Feb 21, 2008: Maersk Oil Plans Further Development At Al Shaheen Field,
Offshore Qatar 101
10.3.2 Dec 10, 2007: PGNiG Acquires Interest In
Exploration License In Denmark 101
10.4 Recent Discoveries 102
10.4.1
Aug 08, 2008: Noreco Discovers Oil In South Tor Pod Well, Denmark 102
10.4.2 Jun 30, 2008: Norwegian Updates On Ipswich Well, 1/3 - 11 103
10.4.3 Jun 30, 2008: Noreco Encounters Hydrocarbons At Ipswich 1/3 - 11 Well
103
10.5 Drilling and Production Updates 103
10.5.1 Jul 04, 2008:
ConocoPhillips Updates On Wildcat ll 2/9-4 Well 103
10.5.2 May 28, 2008:
DONG Updates On 1/3-11 Well On Ipswich Prospect 104
10.5.3 May 23, 2008:
Maersk Oil Completes Drilling At BD-04A Well 104
10.5.4 May 08, 2008:
StatoilHydro Updates On Alve Field 104
10.5.5 Apr 21, 2008: Atlantic
Provides Update On 20/2a-8 Blackbird Well 104
10.5.6 Apr 15, 2008: Maersk
Oil Updates On Bo-3X Exploration Well 105
10.5.7 Jan 23, 2008: Maersk Oil
Updates On Ebba-1X Exploration Well 105
10.6 Financial Announcements
105
10.6.1 Aug 15, 2008: DONG Reports 2Q 2008 Results 105
10.6.2 May
15, 2008: DONG Declares Q1 2008 Results 108
10.6.3 Mar 11, 2008: DONG
Reports 2007 Results 110
10.6.4 Nov 29, 2007: A.P. Moller Reports Nine
Months 2007 Results 110
10.6.5 Nov 13, 2007: DONG Declares Q3 2007 Results
111
10.7 Other Significant Developments 113
10.7.1 Jul 25, 2008: A.P.
Moller Appoints Head Of Group Finance 113
10.7.2 Jun 25, 2008: Denmark
Reduces 2008-2010 Oil Production Estimates 113
10.7.3 Jun 25, 2008: Noreco
Provides Operations Update 113
10.7.4 Jun 25, 2008: DEA Provides Revenue
From Oil And Gas Activities In 2007 114
10.7.5 Jun 09, 2008: Maersk Oil To
Invest $1.1 Billion To Enhance Halfdan Field 115
10.7.6 May 26, 2008:
Noreco Develops Nini East Field 115
10.7.7 May 16, 2008: Atlantic Appoints
Technical Manager 116
10.7.8 Mar 10, 2008: PGNiG To Invest PLN16 Billion
By 2020, Mostly In Upstream Sector 116
10.7.9 Sep 26, 2007: Sonatrach And
Partners Discover Oil In Algeria 116
10.8 New Contracts Announcements
116
10.8.1 Oct 04, 2007: A.P. Moller Gets New Drilling Contract From DPE
116
11 Appendix 118
11.1 Methodology 118
11.1.1 Coverage 118
11.1.2 Secondary Research 119
11.1.3 Primary Research 119
11.1.4
Forecasts 120
11.2 Key Economic Assumptions 122
11.3 Expert Panel
Validation 123
11.4 Definitions 123
11.5 Unit Of Measure 124
11.6
Disclosure information 125
11.7 Contact Us 125
11.8 About Global
Markets Direct 125
11.9 Disclaimer 125
1.1 List of Tables
Table 1: Denmark, Oil and Gas, Key Statistics, April 2008 11
Table 2:
Denmark, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 14
Table 3: Denmark, Total Crude Oil Production (MMBBLs), 2000-2007 15
Table
4: Denmark, Total Natural Gas Production (BCF), 2000-2007 16
Table 5:
Denmark, Oil and Gas Asset Details, April 2008 17
Table 6: Denmark, Oil
and Gas Asset Details, April 2008 (Cont' d) 18
Table 7: Denmark Offshore,
Total Crude Oil Production (Barrels), by Assets, 2000-2007 19
Table 8:
Denmark Offshore - North Sea, Total Natural Gas Production (BCF), by Assets,
2000-2007 20
Table 9: Denmark, Planned Production Assets Details 21
Table 10: Denmark, Total Crude Oil Production (MMBBLs), by Company, 2000-2007
21
Table 11: Denmark, Total Natural Gas Production (Bcf), by Company,
2000-2007 22
Table 12: Denmark, Total Crude Oil Production (MMBBLs),
Forecast, 2008-2013 23
Table 13: Denmark, Total Natural Gas Production
(BCF), Forecast, 2008-2013 23
Table 14: Denmark, Total Crude Oil
Production (Barrels), Forecast by Assets, 2008-2013 24
Table 15: Denmark,
Total Natural Gas Production (MMcf), Forecast by Assets, 2008-2013 25
Table 16: Denmark, Forecasted Assets-wise Gross Revenue (000' $), 2008-2013
25
Table 17: Denmark, Forecasted Assets-wise Total Government Take
(000' $), 2008-2013 26
Table 18: Denmark, Forecasted Assets-wise Income Tax
(000' $), 2008-2013 27
Table 19: Denmark, Projected Assets-wise Total
Contractor Take (000' $), 2008-2013 28
Table 20: Denmark, Total Number of
Active Exploration, 2000-2007 29
Table 21: Denmark, Total Number of Active
Exploration Blocks, by Company, 2000-2007 30
Table 22: Denmark, Oil and
Gas Exploration Blocks Details, April 2008 31
Table 23: Denmark, Oil and
Gas Exploration Blocks Details, April 2008 (Cont' d) 32
Table 24: Denmark,
Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 33
Table 25:
Royal Dutch Shell plc, Key Facts, 2006 34
Table 26: Royal Dutch
Shell plc, SWOT Analysis , 2006 39
Table 27: Royal Dutch Shell plc,
Revenue by Segment, USD Million, 2002-2006 43
Table 28: Royal Dutch
Shell plc, Revenue by Geography, USD Million, 2002-2006 44
Table 29:
Royal Dutch Shell plc, Financial Statements, USD Million, 2002-2006 45
Table 30: Royal Dutch Shell plc, Financial Ratios, USD Million, 2002-2006
46
Table 31: Chevron Corporation, Key Facts, 2006 47
Table 32:
Chevron Corporation, SWOT Analysis, 2006 52
Table 33: Chevron
Corporation, Revenue by Segment, USD Million, 2002-2006 57
Table 34:
Chevron Corporation, Revenue by Geography, USD Million, 2002-2006 58
Table
35: Chevron Corporation, Financial Statements, USD Million, 2002-2006
58
Table 36: Chevron Corporation, Financial Ratios, USD Million,
2002-2006 59
Table 37: Chevron Corporation Operational Indicators,
2002-2006 60
Table 38: Hess Corporation, Key Facts, 2007 61
Table
39: Hess Corporation, SWOT Analysis , 2007 69
Table 40: Hess
Corporation, Revenue by Segment, USD Million, 2002-2006 73
Table 41:
Hess Corporation, Revenue by Geography, USD Million, 2002-2006 74
Table
42: Hess Corporation, Financial Statements, USD Million, 2003-2007 75
Table 43: Hess Corporation, Financial Ratios, USD Million, 2002-2006
76
Table 44: Hess Corporation Operational Indicators, 2003-2007
77
Table 45: Brent Blend NYMEX Future Prices 122
1.2 List of
Figures
Figure 1: Denmark, Exploration and Production Assets Map,
April 2008 12
Figure 2: Denmark, Total Crude Oil and Natural Gas Reserves
(MMBOE), 2000-2012 13
Figure 3: Denmark, Total Crude Oil Production
(MMBBLs), 2000-2007 15
Figure 4: Denmark, Total Natural Gas Production
(BCF), 2000-2007 16
Figure 5: Denmark, Total Number of Active Exploration
Blocks, 2000-2007 29
Figure 6: Royal Dutch Shell plc, Value Chain
Analysis 35
Figure 7: Chevron Corporation, Value Chain Analysis
48
Figure 8: Hess Corporation, Value Chain Analysis 66
Figure 9:
Global Markets Direct Methodology 118
