Abstract
Oil and Gas Exploration and Production Outlook in Libya to 2014 -
Details of Major Crude Oil and Natural Gas Blocks and Fields
Summary
GlobalData’s energy offering, “Oil and Gas Exploration and
Production Outlook in Libya to 2014 - Production Analysis, Forecasts and
Details of Major Crude Oil and Natural Gas Blocks and Fields” is the
essential source for industry data and information relating to the exploration
and production industry in Libya. It provides asset level information related
to active and planned oil and gas fields and exploration blocks in Libya. The
profiles of major companies operating in the upstream industry in Libya are
included in the report. The latest news and deals relating to the sector are
also provided and analyzed.
This report is built using data and information sourced from proprietary
databases, primary and secondary research and in-house analysis by
GlobalData’s team of industry experts.
Scope
- Updated information relating to all active exploration blocks
-
Information on all the major operating and planned crude oil and natural gas
fields as well as details on crude oil and natural gas production and
reserves
- Provides historical data from 2000 to 2009, forecasts to
2014
- Details operators and equity partners of major oil and gas fields
and exploration blocks
- Includes information relating to acreages of
exploration blocks
- 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
- Information on the top companies in the sector including business
description and strategic analysis. Key companies covered include ENI S.p.A.,
ExxonMobil Corporation , Wintershall AG
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.
- 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 6
1.2 List of Figures 7
2
Libya, Country Snapshot 8
2.1 Libya, Key Data 8
2.2 Libya, Exploration
and Production Assets Map 8
2.3 Libya Exploration and Production Sector,
Crude Oil Production 9
2.3.1 Libya Exploration and Production Sector,
Crude Oil- Historical Production 9
2.3.2 Libya Exploration and Production
Sector, Crude Oil Production by Assets 10
2.3.3 Libya Exploration and
Production Sector, Crude Oil Production by Company 10
2.3.4 Libya
Exploration and Production Sector, Active Crude Oil Asset Details 11
2.3.5
Libya Exploration and Production Sector, Planned Crude Oil Asset Details
13
2.4 Libya Exploration and Production Sector, Natural Gas Production
14
2.4.1 Libya Exploration and Production Sector, Natural Gas- Historical
Production 14
2.4.2 Libya Exploration and Production Sector, Natural Gas
Production of Major Assets 15
2.4.3 Libya Exploration and Production
Sector, Natural Gas Production by Company 15
2.4.4 Libya Exploration And
Production Sector, Active Natural Gas Asset Details 15
2.5 Libya
Exploration and Production Sector, Forecasted Production 16
2.5.1 Libya
Exploration and Production Sector, Crude Oil Forecasted Production 16
2.5.2 Libya Exploration and Production Sector, Natural Gas Forecasted
Production 16
2.6 Libya Exploration And Production Sector, Exploration
17
2.6.1 Libya Exploration And Production Sector, Total Active Exploration
Blocks 17
2.6.2 Libya Exploration And Production Sector, Active
Exploration Blocks by Company 17
2.6.3 Libya Exploration And Production
Sector, Exploration Details 18
2.7 Libya Exploration and Production
Sector, Major Discoveries 27
2.7.1 Libya Exploration and Production
Sector, Number of Oil Discoveries, 2004- 2009 27
2.7.2 Libya Exploration
and Production Sector, Oil Discovery Details 27
2.7.3 Libya Exploration
and Production Sector, Number of Gas Discoveries, 2004- 2009 29
2.7.4
Libya Exploration and Production Sector, Gas Discovery Details 30
3 Libya,
Fiscal Regime 31
3.1 Libya Petroleum Fiscal Environment 31
3.1.1
Governing Law 31
3.1.2 Licensing Authority 31
3.1.3 State
Participation 31
3.2 License Terms 31
3.2.1 Exploration License (EL)
Duration 31
3.2.2 Relinquishment during Exploration 31
3.2.3
Exploration obligation 31
3.2.4 Production Rights, Area & Duration 31
3.3 Key Fiscal Terms 32
3.3.1 Royalty 32
3.3.2 Bonus 32
3.3.3 Cost
Recovery 32
3.3.4 Profit Sharing 32
3.3.5 Taxation 32
3.3.6
Domestic Obligation 33
3.3.7 Deductions and Depreciation 33
3.4 Libya,
Fiscal System - Economic Modeling Methodology 34
3.4.1 Economic Modeling
Methodology 35
3.5 Libya, Fiscal System - Sample Economics 36
3.6
Libya, Fiscal System - Sample Asset Valuation 37
4 Profile of Exxon Mobil
Corporation 38
4.1 Exxon Mobil Corporation, Key Information 38
4.2
Exxon Mobil Corporation, Company Overview 38
4.3 Exxon Mobil Corporation,
Business Description 38
4.3.1 Business Overview 38
4.3.2 Chemical
38
4.3.3 Downstream 40
4.3.4 Upstream 41
4.4 Exxon Mobil
Corporation, SWOT Analysis 42
4.4.1 Overview 42
4.4.2 Exxon Mobil
Corporation Strengths 43
4.4.3 Exxon Mobil Corporation Weaknesses 44
4.4.4 Exxon Mobil Corporation Opportunities 45
4.4.5 Exxon Mobil
Corporation Threats 46
5 Profile of Eni S.p.A. 48
5.1 Eni S.p.A., Key
Information 48
5.2 Eni S.p.A., Company Overview 48
5.3 Eni S.p.A.,
Business Description 48
5.3.1 Business Overview 48
5.3.2 Engineering
and Construction 49
5.3.3 Exploration & Production 49
5.3.4 Gas &
Power 51
5.3.5 Others 52
5.3.6 Petrochemicals 53
5.3.7 Refining
and Marketing 53
5.4 Eni S.p.A., SWOT Analysis 55
5.4.1 Overview
55
5.4.2 Eni S.p.A. Strengths 55
5.4.3 Eni S.p.A. Weaknesses 57
5.4.4 Eni S.p.A. Opportunities 57
5.4.5 Eni S.p.A. Threats 58
6
Profile of Wintershall Holding GmbH 60
6.1 Wintershall Holding GmbH, Key
Information 60
6.2 Wintershall Holding GmbH, Company Overview 60
6.3
Wintershall Holding GmbH, Business Description 60
6.3.1 Business Overview
60
7 Financial Deals Landscape 62
7.1 Detailed Deal Summary 62
7.1.1 Asset Transactions 62
8 Recent Developments 64
8.1 Recent
Discoveries 64
8.1.1 Jul 20, 2010: Medco Energi Discovers Additional Oil
At N1-47/02 Well In Libya 64
8.1.2 Jun 11, 2010: TPAO Announces Oil
Discovery At C1-147/03 Well In Murzuq Basin, Libya 64
8.1.3 Apr 28, 2010:
Sonatrach, NOC Announce New Oil Discovery At Ghadamis Basin In Libya 64
8.1.4 Jan 29, 2010: TatNeft Finds Oil At B1-82/04 New Field Wildcat In
Ghadamis Basin, Libya 65
8.1.5 Jan 21, 2010: NOC Announces New Oil
Discovery At YYYY1-6 New Field Wildcat Well In Sirte Basin, Libya 65
8.2
Drilling and Production Updates 65
8.2.1 Sep 16, 2010: ExxonMobils' s
Deepwater Exploration Well Commercially Not Viable 65
8.2.2 Aug 11, 2010:
BP Delays Exploration Offshore Libya 65
8.2.3 Jul 24, 2010: BP To Start
Drilling Program In Offshore Libya Shortly 66
8.2.4 Apr 22, 2010: Tatneft
Flows Oil At A1-82/01 Well In Ghadamis Basin, Libya 66
8.2.5 Mar 24, 2010:
Al-Hourouj' s Crude Oil Production Increases In 2009 66
8.2.6 Nov 19, 2009:
Oil Search Updates On A1-18/01 Well In Area 18, Offshore Libya 66
8.2.7
Nov 05, 2009: Oil Search Updates On A1-18/01 Well In Area 18, Offshore Libya
67
8.2.8 Oct 29, 2009: Oil Search Updates On A1-18/01 Well In Area 18,
Offshore Libya 67
8.2.9 Oct 29, 2009: BP To Commence Libya Exploratory
Drilling In 2010 67
8.3 Other Significant Developments 67
8.3.1 Jul
30, 2010: Libya' s Oil Reserves Rise To 46 Billion Barrels In H1 2010 67
8.3.2 Jun 14, 2010: Libya Seeks BP Safety Assurances On Deepwater Drilling In
Mediterranean 68
8.3.3 Apr 12, 2010: Eni, Gazprom Discuss South Stream And
Upstream Projects 68
8.3.4 Apr 05, 2010: Medco Energi Becomes Operator Of
Area 47 Oil Block In Libya 69
8.3.5 Mar 25, 2010: RWE Dea Completes
Seismic Campaign In Concession Area 58, Libya 69
9 Appendix 70
9.1
Methodology 70
9.1.1 Coverage 70
9.1.2 Secondary Research 70
9.1.3
Primary Research 71
9.1.4 Expert Panel Validation 71
9.2 Unit Of
Measure 71
9.3 Contact Us 72
9.4 About GlobalData 72
9.5
Disclaimer 72
1.1 List of Tables
Table 1: Libya, Oil and Gas, Key
Statistics, 2009 8
Table 2: Libya, Total Crude Oil Production (MMBBLs),
2002-2009 9
Table 3: Libya, Crude Oil Production (MMBBL), by Assets,
2002-2009 10
Table 4: Libya, Crude Oil Production (MMBBL), by Company,
2002- 2009 10
Table 5: Libya, Active Oil Field Assets Details 11
Table
6: Libya, Planned Oil Field Assets Details 13
Table 7: Libya, Total
Natural Gas Production (MMcf), 2002-2009 14
Table 8: Libya, Natural Gas
Production (MMcf), of Major Assets, 2002- 2009 15
Table 9: Libya, Natural
Gas Production (MMcf), by Company, 2002- 2009 15
Table 10: Libya, Active
Gas Field Assets Details 15
Table 11: Libya, Total Crude Oil Production
(MMBBLs), Forecast by Assets, 2010- 2015 16
Table 12: Libya, Total
Natural Gas Production (MMcf), Forecast by Major Assets, 2010- 2015 16
Table 13: Libya, Total Active Exploration Blocks, 2002-2009 17
Table 14:
Libya, Exploration Active Blocks by Company, 2002-2009 17
Table 15: Libya,
Active Oil and Gas Exploration Details 18
Table 16: Libya, Number of Oil
Discoveries, 2004-2009 27
Table 17: Libya, Oil Discovery Details,
2004-2009 27
Table 18: Libya, Oil Discovery Details, 2004-2009 (Contd.)
28
Table 19: Libya, Number of Gas Discoveries, 2004-2009 29
Table 20:
Libya, Gas Discovery Details, 2004-2009 30
Table 21: Libya, Crude Oil and
Natural Gas, Indicative Profit Sharing, 2009 32
Table 22: Libya, Base
Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2009 37
Table 23:
Exxon Mobil Corporation, Key Facts 38
Table 24: Exxon Mobil
Corporation, SWOT Analysis 43
Table 25: Eni S.p.A., Key Facts 48
Table 26: Eni S.p.A., SWOT Analysis 55
Table 27: Wintershall Holding
GmbH, Key Facts 60
Table 28: Madison Bay Holdings Acquires Oil And Gas
Leases And Refinery Licenses In Libya 62
Table 29: Woodside Petroleum
Plans To Sell Its Onshore Assets In Libya 63
1.2 List of Figures
Figure 1: Libya, Exploration and Production Assets Map, 2009 8
Figure
2: Libya, Total Crude Oil Production (MMBBL), 2002-2009 9
Figure 3:
Libya, Total Natural Gas Production (MMcf), 2002-2009 14
Figure 4: Libya,
Number of Oil Discoveries, 2004- 2009 27
Figure 5: Libya, Number of Gas
Discoveries, 2004- 2009 29
Figure 6: Libya, Full Field Economics, Sample
Cash Flows, 1969-2030 34
Figure 7: Libya, Full Field Economics, Government
and Contractor Takes 36
Figure 8: Libya, Full Field Economics, Post Tax
Cash Flow vs Gross Revenue 36
Figure 9: Libya, Full Field Economics,
Project Post Tax Cash Flows At Various Discount Rates 37
