Abstract
Yemen 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 Yemen. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Yemen. The profiles of the major
companies operating in the upstream industry of Yemen 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 Introduction 11
2.1 What Is This Report About? 11
2.2 How To Use
This Report 11
2.3 Market Definition 11
3 Yemen, Country Snapshot
12
3.1 Yemen, Key Data 12
3.2 Yemen, Exploration And Production Assets
Map 13
3.3 Yemen, Crude Oil & Natural Gas Reserves 14
4 Yemen, Crude
Oil And Natural Gas Production 16
4.1 Yemen, Historical Crude Oil
Production 16
4.2 Yemen, Crude Oil Producing Asset Details 17
4.3
Yemen, Crude Oil Production Assets By Area 18
4.4 Yemen, Crude Oil
Production By Company 19
5 Yemen, Crude Oil And Natural Gas Forecasts
20
5.1 Yemen, Forecasted Crude Oil Production 20
6 Yemen, Exploration
Block Details 21
6.1 Yemen, Total Number of Active Exploration Blocks
21
6.2 Yemen, Total Number of Active Exploration Blocks By Company 22
6.3 Yemen, Exploration Blocks Details 23
6.4 Yemen, Planned Exploration
Blocks Details 26
7 Nexen Inc. 27
7.1 Nexen Inc, Key Information
27
7.2 Nexen Inc, Company Overview 27
7.3 Nexen Inc, Business
Description 27
7.3.1 Nexen Inc, Business Description, Business Overview
27
7.3.2 Nexen Inc, Business Description, Chemicals 28
7.3.3 Nexen
Inc, Business Description, Energy Marketing 28
7.3.4 Nexen Inc, Business
Description, Oil and Gas 30
7.3.5 Nexen Inc, Business Description,
Syncrude 31
7.3.6 Nexen Inc, Business Description, Major Products and
Services 32
7.4 Nexen Inc, Value Chain Analysis 33
7.4.1 Nexen Inc,
Value Chain Analysis, Upstream 34
7.4.2 Nexen Inc, Value Chain Analysis,
Midstream 35
7.5 Nexen Inc, SWOT Analysis 36
7.5.1 Nexen Inc, SWOT
Analysis, Overview 36
7.5.2 Nexen Inc, SWOT Analysis, Strengths 36
7.5.3 Nexen Inc, SWOT Analysis, Weaknesses 38
7.5.4 Nexen Inc, SWOT
Analysis, Opportunities 38
7.5.5 Nexen Inc, SWOT Analysis, Threats 39
7.6 Nexen Inc, Revenue Analysis 40
7.6.1 Nexen Inc, Revenue Analysis,
Revenue by Segment 40
7.6.2 Nexen Inc, Revenue Analysis, Revenue by
Geography 41
7.7 Nexen Inc, Financial and Operational Review 42
7.7.1
Nexen Inc, Financial and Operational Review, Financial Statements 42
7.7.2
Nexen Inc, Financial and Operational Review, Financial Ratios 43
7.8 Nexen
Inc, Operational Indicators 44
8 Occidental Petroleum Corporation 45
8.1 Occidental Petroleum Corporation, Key Information 45
8.2 Occidental
Petroleum Corporation, Company Overview 45
8.3 Occidental Petroleum
Corporation, Business Description 45
8.3.1 Occidental Petroleum
Corporation, Business Description, Business Overview 45
8.3.2 Occidental
Petroleum Corporation, Business Description, Chemical 46
8.3.3 Occidental
Petroleum Corporation, Business Description, Oil and Gas 47
8.3.4
Occidental Petroleum Corporation, Business Description, Major Products and
Services 48
8.4 Occidental Petroleum Corporation, Value Chain Analysis
49
8.4.1 Occidental Petroleum Corporation, Value Chain Analysis, Upstream
50
8.4.2 Occidental Petroleum Corporation, Value Chain Analysis, Midstream
50
8.5 Occidental Petroleum Corporation, SWOT Analysis 51
8.5.1
Occidental Petroleum Corporation, SWOT Analysis, Overview 51
8.5.2
Occidental Petroleum Corporation, SWOT Analysis, Strengths 51
8.5.3
Occidental Petroleum Corporation, , SWOT Analysis, Weaknesses 52
8.5.4
Occidental Petroleum Corporation, SWOT Analysis, Opportunities 52
8.5.5
Occidental Petroleum Corporation, SWOT Analysis, Threats 53
8.6 Occidental
Petroleum Corporation, Revenue Analysis 54
8.6.1 Occidental Petroleum
Corporation, Revenue Analysis, Revenue by Segment 54
8.6.2 Occidental
Petroleum Corporation, Revenue Analysis, Revenue by Geography 54
8.7
Occidental Petroleum Corporation, Financial and Operational Review 56
8.7.1 Occidental Petroleum Corporation, Financial and Operational Review,
Financial Statements 56
8.7.2 Occidental Petroleum Corporation, Financial
and Operational Review, Financial Ratios 57
8.8 Occidental Petroleum
Corporation, Operational Indicators 58
9 TOTAL S.A. 59
9.1 TOTAL S.A,
Key Information 59
9.2 TOTAL S.A, Company Overview 59
9.3 TOTAL S.A,
Business Description 60
9.4 TOTAL S.A, Business Description, Business
Overview 60
9.4.1 TOTAL S.A, Business Description, Chemicals 60
9.4.2
TOTAL S.A, Business Description, Downstream 61
9.4.3 TOTAL S.A, Business
Description, Upstream 62
9.4.4 TOTAL S.A, Business Description, Major
Products and Services 64
9.5 TOTAL S.A, Value Chain Analysis 66
9.5.1
TOTAL S.A, Value Chain Analysis, Upstream 66
9.5.2 TOTAL S.A, Value Chain
Analysis, Midstream 67
9.5.3 TOTAL S.A, Value Chain Analysis, Downstream
67
9.5.4 TOTAL S.A, Value Chain Analysis, Retail 68
9.6 TOTAL S.A,
SWOT Analysis 69
9.6.1 TOTAL S.A, SWOT Analysis, Overview 69
9.6.2
TOTAL S.A, SWOT Analysis, Strengths 70
9.6.3 TOTAL S.A, SWOT Analysis,
Weaknesses 70
9.6.4 TOTAL S.A, SWOT Analysis, Opportunities 71
9.6.5
TOTAL S.A, SWOT Analysis, Threats 72
9.7 TOTAL S.A, Revenue Analysis
73
9.7.1 TOTAL S.A, Revenue Analysis, Revenue by Segment 73
9.7.2
TOTAL S.A, Revenue Analysis, Revenue by Geography 73
9.8 TOTAL S.A,
Financial and Operational Review 75
9.8.1 TOTAL S.A, Financial and
Operational Review, Financial Statements 75
9.8.2 TOTAL S.A, Financial and
Operational Review, Financial Ratios 76
9.9 TOTAL S.A, Operational
Indicators 77
10 Yemen Exploration and Production Industry, Financial
Deals Landscape 79
10.1 Acquisition 79
10.1.1 Sinochem Petroleum
Acquires SOCO Yemen Pty From SOCO International 79
10.1.2 Oil Search To
Sell Oil Search (MENA) To Kuwait Energy 81
10.2 Partnership 83
10.2.1
Reliance Signs An Agreement With Hood Energy 83
10.2.2 TransGlobe Energy
Enters Into A Joint Venture With Occidental of Yemen 84
10.3 Asset
Transactions 85
10.3.1 Dragon Oil Acquires Interests In Blocks From Virgin
Resources 85
10.3.2 Total Acquires 40% Interest In Block 69 And Block 71
From China Petroleum & Chemical 86
10.3.3 Oracle Energy Acquires An
Additional 8% Interest In Block 22 In Yemen From Yemen Mayfair Petroleum
88
10.3.4 Calvalley Petroleum Farms Out 5% Working Interest In Yemen
89
11 Yemen Exploration and Production Industry, Recent Developments
91
11.1 License Rounds 91
11.1.1 Apr 13, 2008: Initial Oil Sharing
Agreements Signed With Ten Oil Companies 91
11.1.2 Mar 06, 2008: Yemen To
Offer New Oil, Gas Blocks 91
11.2 License Awards 92
11.2.1 Jul 02,
2008: Yemen Signs Gas Deal With Total 92
11.2.2 Jun 17, 2008: Calvalley
Finalizes Agreement With Oil Ministry Of Yemen 92
11.2.3 Apr 15, 2008:
OMV, DNO Amongst Companies In Yemen Oil PSAs 92
11.2.4 Jun 13, 2006: OMV
Announces PSA Approval For Block 2, Yemen 93
11.3 Strategy and Business
Expansion 93
11.3.1 Jan 12, 2008: Total To Expand Oil And Gas Operations
At Yemen 93
11.3.2 Dec 17, 2007: Dragon Enters Farm-In Agreement With
Virgin 93
11.3.3 Dec 05, 2007: Total Signs Agreement With Sinopec To Farm
Into Two Onshore Blocks In Yemen 93
11.3.4 Nov 20, 2007: RIL Signs
Production Sharing Agreements For Two Blocks In Yemen 94
11.4 Recent
Discoveries 94
11.4.1 Apr 08, 2008: RIL Consortium, Calvalley Strucks Oil
In Yemen 94
11.5 Drilling and Production Updates 95
11.5.1 Jul 21,
2008: Epsilon Updates On Drilling Program In Block 41, Republic Of Yemen
95
11.5.2 Jun 22, 2008: SK Energy To Raise Its Crude Production To 31,000
Bpd 95
11.5.3 Jun 02, 2008: Epsilon Provides Drilling Update On Block 41
In Yemen 95
11.5.4 May 20, 2008: Epsilon Spuds First Well On Block 41 In
Yemen 96
11.5.5 Apr 25, 2008: DNO Provides Operational Update 96
11.5.6 Apr 23, 2008: Dragon Provides Operational Update 97
11.5.7 Apr 22,
2008: Dragon Provides Yemen Drilling Update 98
11.5.8 Jan 17, 2008: Oil
Search Provides Drilling Updates 98
11.5.9 Oct 31, 2007: DNO Reports
Drilling Results Of Nuzooh #1 Exploration Well, Yemen 99
11.5.10 Sep 27,
2007: Oil Search Updates On Thoub-1 Well 100
11.5.11 Sep 13, 2007: Oil
Search Updates On Reeb-1 Well 100
11.5.12 Jun 28, 2007: TransGlobe Updates
On An Nagyah #26 Well, Yemen 100
11.5.13 Dec 27, 2006: OMV Starts
Production In Block S2, Yemen 100
11.5.14 Oct 02, 2006: SOCO Updates On
Testing Of KHA 1-16 Well In Yemen 101
11.5.15 Aug 01, 2006: SOCO Updates
On Drilling Operations In Yemen 101
11.6 Other Significant Developments
102
11.6.1 Aug 19, 2008: Yemen And Ethiopia To Jointly Work On Oil, Gas
Exploration 102
11.6.2 Jul 21, 2008: KEC To Spend $100 Million To Enhance
Oil Exploration In Yemen 102
11.6.3 Apr 13, 2008: Sinopec To Begin
Geophysical Surveys In Shabwa 103
11.6.4 Mar 25, 2008: ARC Energy Says
Yemen Government Ratifies Two Onshore Blocks 103
11.6.5 Jan 14, 2008:
Calvalley Provides Operational Updates In Yemen 103
11.6.6 Sep 13, 2007:
Oil Search Temporarily Shut Down Nabrajah Field 104
11.6.7 Aug 29, 2007:
Calvalley Provides Operations Update 104
11.6.8 Jul 09, 2007: TransGlobe
Updates On Godah #7 Well, Yemen 105
11.6.9 Jun 19, 2007: TransGlobe
Updates On Godah #6, Godah #7 And Nagyah #26 Wells 105
11.6.10 Mar 30,
2007: TransGlobe Provides Operational Update 106
11.6.11 Feb 13, 2007:
TransGlobe Updates On Nasim #1 Exploration Well And Nuqra Block 1 106
11.6.12 Jan 31, 2007: TransGlobe Updates On An Nagyah #23 And Osaylan #2 Wells
107
12 Appendix 108
12.1 Methodology 108
12.1.1 Coverage 109
12.1.2 Secondary Research 109
12.1.3 Primary Research 110
12.1.4
Forecasts 110
12.2 Key Economic Assumptions 112
12.3 Expert Panel
Validation 113
12.4 Definitions 113
12.5 Unit of Measure 114
12.6
Contact Us 115
12.7 Disclaimer 115
1.1 List of Tables
Table
1: Yemen, Oil and Gas, Key Statistics, April 2008 12
Table 2: Yemen, Total
Crude Oil Reserves (MMBOE), 2000-2012 15
Table 3: Yemen, Total Crude Oil
Production (MMBBLs), 2000-2007 16
Table 4: Yemen, Oil and Gas Assets
Details, April 2008 17
Table 5: Hadhramout, Total Crude Oil Production
(Barrels), by Assets, 2000-2007 18
Table 6: Marib, Total Crude Oil
Production (Barrels), by Assets, 2000-2007 18
Table 7: Shabwah, Total
Crude Oil Production (Barrels), by Assets, 2000-2007 18
Table 8: Yemen,
Total Crude Oil Production (MMBBLs), by Company, 2000-2007 19
Table 9:
Yemen, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 20
Table
10: Yemen, Total Number of Active Exploration Blocks, 2000-2007 21
Table
11: Yemen, Total Number of Active Exploration Blocks by Company, 2000- 2007
22
Table 12: Yemen, Oil and Gas Exploration Blocks Details, April 2008
23
Table 13: Yemen, Oil and Gas Exploration Blocks Details, April 2008
(Cont' d) 24
Table 14: Yemen, Oil and Gas Exploration Blocks Details, April
2008 (Cont' d) 25
Table 15: Yemen, Oil and Gas Planned Exploration Block
Details, April 2008 26
Table 16: Nexen Inc.,Key Facts, 2007 27
Table 17: Nexen Inc., SWOT Analysis , 2007 36
Table 18: Nexen
Inc., Revenue by Segment, CAD Million, 2003-2007 40
Table 19: Nexen
Inc., Revenue by Geography, CAD Million, 2003-2007 41
Table 20: Nexen
Inc., Financial Statements, CAD Million, 2003-2007 42
Table 21: Nexen
Inc., Financial Ratios, CAD Million, 2003-2007 43
Table 22: Nexen
Inc. Operational Indicators, 2003-2007 44
Table 23: Nexen Inc.
Operational Indicators, 2003-2007 44
Table 24: Occidental Petroleum
Corporation,Key Facts, 2007 45
Table 25: Occidental Petroleum
Corporation, SWOT Analysis , 2007 51
Table 26: Occidental Petroleum
Corporation, Revenue by Segment, USD Million, 2003-2007 54
Table 27:
Occidental Petroleum Corporation, Revenue by Geography, USD Million, 2003-2007
55
Table 28: Occidental Petroleum Corporation, Financial Statements,
USD Million, 2003-2007 56
Table 29: Occidental Petroleum Corporation,
Financial Ratios, USD Million, 2003-2007 57
Table 30: Occidental
Petroleum Corporation Operational Indicators, 2003-2007 58
Table 31:
TOTAL S.A.,Key Facts, 2007 59
Table 32: TOTAL S.A., SWOT Analysis ,
2007 69
Table 33: TOTAL S.A., Revenue by Segment, Euro Million,
2003-2007 73
Table 34: TOTAL S.A., Revenue by Geography, Euro
Million, 2003-2007 74
Table 35: TOTAL S.A., Financial Statements,
Euro Million, 2003-2007 75
Table 36: TOTAL S.A., Financial Ratios,
Euro Million, 2003-2007 76
Table 37: TOTAL S.A. Operational
Indicators, 2003-2007 77
Table 38: TOTAL S.A. Operational Indicators,
2003-2007 78
Table 39: Brent Blend NYMEX Future Prices 112
1.2 List of Figures
Figure 1: Yemen, Exploration and Production Assets
Map, April 2008 13
Figure 2: Yemen, Total Crude Oil Reserves (MMBOE),
2000-2012 14
Figure 3: Yemen, Total Crude Oil Production (MMBBLs),
2000-2007 16
Figure 4: Yemen, Total Number of Active Exploration Blocks,
2000-2007 21
Figure 5: Nexen Inc., Value Chain Analysis 33
Figure
6: Occidental Petroleum Corporation, Value Chain Analysis 49
Figure
7: TOTAL S.A., Value Chain Analysis 66
Figure 8: Global Markets
Direct Methodology 108
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