Offshore Arctic Oil & Gas Market Report To 2017

Infield Systems has published a new report on the offshore Arctic oil and gas sector. This innovative new report provides a comprehensive analysis of the market drivers and constraints, technologies, vessel and drilling rig requirements for this challenging region. The report also provides a detailed forecast, by sector, of capital expenditure expected to be spent in the offshore Arctic region going forward to 2017

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The Offshore Arctic Oil & Gas Market:

Infield Systems’ first Offshore Arctic Oil and Gas Market Report provides a comprehensive state of play regarding the oil and gas scene in this frontier region though to 2017. As well as providing detailed research and analysis of current and future offshore oil and gas developments within the Arctic circle, the report also includes research and analysis of developments in three major “sub-Arctic” regions as well; being Sakhalin Island offshore Far East Russia, the Jeanne D’Arc Basin offshore Eastern Canada (Newfoundland and Labrador) and the Cook Inlet in Alaska.

According to Infield Systems there are over 130 Bboe in already discovered oil, gas and condensate reserves in offshore Arctic and sub-Arctic regions. Approximately 114 Bboe of this are offshore gas reserves, or 86% of total reserves, and around 16 billion bbl are oil reserves. According to Infield Systems’ estimates, no less than 99 Bboe of these reserves are discovered natural gas fields located in the Russian offshore Arctic region (not including the sub-Arctic Sakhalin Island area).

Infield Systems has identified 147 discovered fields, with only 25 these fields actually currently producing in the offshore Arctic and sub-Arctic regions. With just a further 13 fields either with a firm plan or under development the bulk of these offshore discovered fields are still many years from development; reflecting that the Arctic region’s offshore oil and gas development is still in its very early stages with much potential for output growth yet to be realised. The vast majority of fields, or 101, are classified as “possible” in terms of development status. Therefore many fields are not expected to be developed until the longer term, yet the resource potential in the offshore Arctic is substantial should the infrastructure requirements be made.

Indeed Infield Systems expects capital expenditure in the Arctic region to increase steadily throughout this decade, rising year on year to over $7bn by 2017. With significant reserves, Russia is expected to drive expenditure in the region throughout the forecast period, especially in the years 2013-2015 (due mainly to the Shtokman project).

The Shtokman field is due to come on stream in 2016, and with reserves of over 24bn boe, will account for a large proportion of Russian Arctic expenditure over the next decade should this project proceed as scheduled. Further development of Sakhalin Island and other projects expected to be developed also contribute to Russia’s large share of Capex. Canada may experience a sustained rise in expenditure after 2013, including for activities associated with fields in sub-Arctic offshore Newfoundland, and, should some currently speculative projects proceed, smaller fields in the Canadian Arctic Islands as well.

Norway’s Barents Sea fields of Snohvit and Goliat will contribute to sustained expenditure as well. The remaining Arctic regions of Greenland (Denmark) and the US (Alaska) are expected to contribute modestly to development expenditure. In these regions more expenditure is likely to be concentrated on further exploration.

The report also provides a comprehensive Arctic offshore oil and gas field and development profile for Russia, US (Alaska), Norway, Canada and Greenland, which includes analysis of licensing policies in each country on offshore Arctic exploration and development.

As a result the report provides a broad overview of the Arctic offshore oil and gas scene, from licensing of blocks to the provision of infrastructure.

Why you should buy this report:

• The report contains data developed by Infield’s OFFPEX market modelling process, which is based on a unique “bottom up approach” to forecasting. OFFPEX’s component by component and project by project process is robust and has a proven track record
• It provides an independent and comprehensive analysis of the issues impacting the offshore oil and gas market in the Arctic region, and how this impacts future field developments. The report enables the reader to make use of the forecast for strategic decision making
• It details the level of capital expenditure and the rate of new installations for each sector: fixed platforms, floating production units, pipelines, control lines and subsea infrastructure.

Report Contents:

• Executive Summary provides a synopsis of Capex forecasts for the fixed and floating platforms, subsea, pipelines and control lines markets in the offshore Arctic region
• Macro Overview sets out the macro conditions impacting the global oil and gas market
• Regional Market Overview looks at the territorial, political and environmental issues impacting oil and gas exploration and development in the Arctic, including estimates of oil and gas resources potential, the technological, economic and environmental challenges, the Arctic’s role in meeting global energy requirements, and the LNG potential
• Offshore Arctic Oil and Gas Profile provides an assessment of current and future developments, including prospectivity analysis for oil and gas fields, licensing and drilling activity in the various countries of the Arctic region, activity of operators in the Arctic region.
• Sector Analysis & Forecast provides a projection of Capex to 2017 for each market segment (fixed platforms, floating production systems, subsea developments, pipelines and control lines)
• Arctic Vessels & Arctic Drilling Markets assesses rig and vessel suitability in meeting project requirements in the Arctic in the light of the Arctic region’s unique characteristics.
• Requirements for Arctic Offshore Oil and Gas Infrastructure assesses the specific requirements for the fixed and floating platform, pipeline and subsea markets to operate in the Arctic
• Appendices of glossary of terms and regional oil and gas field development maps

Searchable Online Projects Database: Offshore Arctic Oil & Gas Fields

Purchasers of the Offshore Arctic Oil & Gas Market Report will receive 12 months’ free access to an online database of fields being planned or considered for development in the current year and six years forward for projects within the Arctic circle. Details about each project include:

• Field Operator
• Project Name
• Development Type
• Dates On Stream / Discovery / Depletion
• Reserves
• Field Production Rates
• Location
• Development Type
• Water Depths
• Project Status
• Numbers of Subsea & Surface Wells
• High Temperature / High Pressure

InfieldLive provides access to the previous day’s updates. Subscriptions can be upgraded to include other regions, time frames and other data sets from the Infield Offshore Energy Database or to include access to the Arctic Frontiers Online Mapping & Data Gateway.

Table of Contents: Offshore Arctic Oil & Gas Market Report To 2015

• EXECUTIVE SUMMARY
  • Arctic Capex by Region
  • Arctic Capex by Market
  • Arctic Capex by Operator
  • Arctic Vessel Demand Days
  • Arctic Vessels Market
  • Arctic Drilling Rigs Market
  • Supply and Demand of Arctic-capable Drilling Rigs
• MACRO OVERVIEW
  • EXECUTIVE SUMMARY
  • LEADING ECONOMIC INDICATORS
    • A Robust Improvement in Overall Operating Conditions
  • Rising Hopes for Higher Consumer Spending
  • GLOBAL OIL DEMAND OUTLOOK
    • Agencies Forecast Continued Rebound in Oil Demand
    • OECD Vs non-OECD
  • GLOBAL OIL SUPPLY OUTLOOK
    • OPEC Stays the Course
  • OIL PRICE AND VOLATILITY
    • Sustained Prices in the $90/bbl Range-but downside Risks Remain
• REGIONAL MARKET OVERVIEW
  • THE ARCTIC REGION’S OIL AND GAS SUPPLY POTENTIAL
    • USGS Circum-Arctic Resource Appraisal
    • Arctic and Sub-Arctic Discovered Reserves and Fields
    • Field Development Lead Times in Arctic and sub-Arctic Regions
  • INTERNATIONAL LAW AND THE ARCTIC REGION
  • THE ARCTIC REGION AND THE GLOBAL OIL AND GAS MARKET
    • Meeting the Growing Demand for Oil and Gas
    • The Arctic Region as a Source of Supply
  • ENVIRONMENTAL CHALLENGES IN THE ARCTIC REGION
    • Ice
    • Waves
    • Light and Darkness
    • Remoteness
    • Regional Environmental Conditions
    • Exploration drilling windows
    • The Melting Polar Cap
• OFFSHORE ARCTIC OIL AND GAS PROFILE
  • INTRODUCTION 57
  • ALASKA (UNITED STATES)
    • Offshore Oil and Gas Fields Profile
    • Offshore Licensing and Development Policy Status
  • CANADA
    • Offshore Oil and Gas Fields Profile
    • Offshore Licensing and Development Policy Status
  • GREENLAND (DENMARK)
    • Offshore Oil and Gas Fields Profile
    • Offshore Licensing and Development Policy Status
  • NORWAY
    • Offshore Oil and Gas Fields Profile
    • Offshore Licensing and Development Policy Status
  • RUSSIA
    • Offshore Oil and Gas Fields Profile
    • Major Projects Offshore Russia
    • Offshore Licensing and Development Policy Status
  • LNG PROJECTS IN ARCTIC AND SUB-ARCTIC REGIONS
    • Existing LNG Projects
    • Proposed LNG Projects
• SECTOR ANALYSIS & FORECASTS
  • INTRODUCTION
  • FIXED PLATFORM MARKET
    • Fixed Platforms by Country
    • Fixed Platforms by Type
    • Fixed Platforms by Water Depth
    • Fixed Platforms by Total Weight
  • FLOATING PRODUCTION SYSTEMS MARKET
    • FPS by Country
  • OFFSHORE PIPELINES AND CONTROL LINES MARKET
    • Pipelines by Country
    • Pipelines by Water Depth
    • Pipelines by Market Segment
    • Control Lines by Country
  • SUBSEA INFRASTRUCTURE MARKET
    • Subsea Market by Country
    • Subsea Market by Sector
    • Drilling & Completion
    • Subsea Market by Water Depth
    • Equipment
    • Subsea Trees by Manufacturer
  • OPERATORS IN THE ARCTIC
  • VESSEL DAYS
• ARCTIC VESSELS MARKET
  • VESSEL SUITABILITY AND PROJECT REQUIREMENTS IN THE ARCTIC
    • Ice Class Classifications for Vessels
    • Ice class OSVs
    • Ice class specialist vessels
    • Supply and Demand Dynamics for Arctic Vessels
    • Major players
    • Icebreakers
• ARCTIC DRILLING RIGS MARKET
  • RIG SUITABILITY AND PROJECT REQUIREMENTS IN THE ARCTIC
    • Overview
    • Existing Arctic Capable Drilling Rig Fleet
    • Supply and Demand of Arctic-capable Drilling Rigs
  • CAIRN ENERGY OFFSHORE WEST GREENLAND – A CASE STUDY
  • ARCTIC LNG CARRIERS
• REQUIREMENTS FOR ARCTIC OFFSHORE OIL AND GAS INFRASTRUCTURE
  • FLOATING PRODUCTION SYSTEMS
  • FIXED PLATFORMS
  • PIPELINES AND CONTROL LINES
  • SUBSEA INFRASTRUCTURE
• APPENDICES, MAPS & NOTES
  • DEFINED REGIONS/COUNTRIES LIST
  • GLOSSARY
  • Glossary
  • Product/Service Definitions
  • List of Acronyms & Abbreviations
  • List of Organisations and Geographical Place Names
  • REGIONAL MAPS

Companion Service: Arctic Frontiers Mapping & Data Gateway

The Arctic Frontiers Oil & Gas Online Data & Mapping Gateway is designed to give visual and full data access to the challenging Arctic region of the offshore oil and gas industry. Full details about each field, platform and pipeline shown on the map is listed behind each symbol and can be searched, downloaded or exported from the EnergyGateway or through Infield Systems’ data portal, InfieldLive.

Regions covered:

• Alaska
• Northern Canada
• Greenland
• Iceland
• Northern Norway & Spitsbergen
• Northern Russia
• The Baltic & Barents Seas

Subscription Costs:
Costs for 12 months subscription to this complete Arctic Frontier package are as follows:

About Infield Systems Limited:

Infield is an independent energy research and analysis organisation that is dedicated to the provision of accurate; data, market sector and regional forecast reports, mapping, published maps, analysis, business advisory, business strategy and transaction support products and services to the offshore oil, gas, renewable energy and associated marine industries. Infield services clients in over 40 countries from a wide range of organisations including E&P companies, contractors, manufacturers, government agencies and financial institutions. Infield is widely acknowledged as the definitive independent information resource and has been involved in many merger, acquisition and commercial market due diligence projects.

More information:

For more information about Infield Systems' products and services including market forecast reports, data services, mapping and business strategy, analysis and transaction support then please Steve Adams .

Steve Adams
International Sales Manager | Infield Systems Limited
Telephone: +44 (0) 20 7423 5010 (direct) | +44 (0) 207 423 5000 (s/board) | +44 (0) 7773 019 569 (cell)
Email: steve.adams@infield.com | Website: http://www.infield.com