Our brand new energy report, The Advanced Oil & Gas Exploration Technologies Market, 2010-2020 outlines trends in the advanced exploration industry and anticipates the direction of the market as one of the key components of the upstream oil & gas industry over the next decade, outlining the strengths and weaknesses of different markets with targeted sales forecasts.

Based on our research, global sales of advanced oil & gas exploration technologies will total $9.7bn in 2010. We analyse, quantify and forecast the expected spending in the global and regional advanced exploration markets over the period 2010-2020. These forecasts are underpinned by Visiongain’s expectation of recovering demand for exploration and of a broader role for exploration methods in the next decade.

This report offers in depth analysis of advanced exploration - an industry dealing with significant uncertainty in both the short- and long-term. Various submarkets of the advanced oil & gas exploration market are developing in interesting directions which are outlined in this report. The report analyses a wealth of data and introduces a clear analysis of the expected direction of market development based upon diverse factors and insight into the market, anticipating how and why the market will evolve from 2010 onwards.

The report also describes the most important new methods and techniques emerging within the advanced oil & gas exploration industry and assesses their importance for the growth of the exploration market over the long term. The various drivers and restraints of the market are assessed in order to provide readers with specific insights into the future direction of the advanced exploration market.

What is the outlook for oil & gas production? How much will advanced oil & gas exploration technology sales increase over the period 2010-2020? Who are the leading companies in the advanced exploration technologies industry? Where are the growth opportunities over the next decade – in which geographical region and with which type of technology? These critical questions and many more are definitively answered in this comprehensive report.

Comprehensive analysis of the global advanced exploration market

The Advanced Oil & Gas Exploration Technologies Market, 2010-2020 report examines this sector critically with a comprehensive review of recent contracts, news reports, industry publications, market analysis and expert consultation. The report provides detailed sales forecasts for the global market, regional market forecasts; a strengths, weaknesses, opportunities and threats (SWOT) analysis; discussions of commercial and technological trends; and assessments of market drivers and restraints. This report also includes transcripts of in-depth interviews with industry experts. This package of analyses cannot be obtained anywhere else.

The report draws on a rich combination of primary and secondary research, interviews, official corporate and governmental announcements, media reports, policy documents, industry statements and an extensive consultation of expert opinion.

Report Highlights
Companies Mentioned in this Report

Abu Dhabi National Energy Company (TAQA)
Advanced Hydrocarbon Mapping AS
Amoco Corporation
Arabian Geophysical & Surveying (ARGAS)
ARIS Geophysical Ltd.
ARKeX Ltd.
Baker Hughes Incorporated
Bergen Oilfield Services AS
BGP Inc.
BHP Billiton Ltd & plc
BP plc
Bridge Energy ASA
Centrica plc
CGGVeritas S.A.
Challenger Geophysical Ltd.
Chesapeake Energy Corporation
China National Petroleum Corporation (CNPC)
Concedo ASA
ConocoPhillips Company
Dawson Geophysical Company
Discover Petroleum AS
Eagle Canada, Inc.
Electro Magnetic Time Vision AS
Electromagnetic Geoservices ASA (EMGS)
EurOil Ltd.
Exploration Surveys Incorporated
Exxon Mobil Corporation
Fugro Airborne
Fugro-NPA
Fugro N.V.
Geokinetics Inc.
Glencore International AG
Global Geophysical Service, Inc.
IG Seismic Services Ltd.
Integra Group
MultiClient Geophysical AS
MultiClient Geophysical Ltd. Pty.
NPA Satellite Mapping (now Fugro-NPA)
Offshore Geo-Survey Works Sdn Bhd
Offshore Hydrocarbon Mapping plc (OHM)
Offshore Works Group
Oil and Natural Gas Corporation Limited (ONGC)
Olympic Seismic Ltd.
Ophir Energy plc
Pertamina
Petroleo Brasileiro S.A. (Petrobras)
Petroleos de Venezuela S.A.
Petroleos Mexicanos (Pemex)
Petroleum Geo-Services ASA (PGS)
PetroMarker AS
Polarcus Ltd.
QinetiQ
Reflect Geophysical Pte Ltd.
Reservoir Exploration Technology ASA (RXT)
Rock Solid Images
Rosneft
Royal Dutch Shell plc
Saudi Aramco
Schlumberger Ltd.
Scotforth Ltd.
SeaBed Geophysical AS
SeaBird Exploration Norway AS
Seatrans AS
Seitel Inc.
Sercel
Shiv-Vani Oil & Gas Exploration Services Ltd.
Spectrum-ASA
Statoil ASA
Stingray Geophysical Ltd.
Terra Energy & Resource Technologies Inc.
TGC Industries, Inc.
TGS-Nopec Geophysical Company L.P.
Tidelands Geophysical Company
Tower Resources plc
TTI Production
Tullow Oil plc
WesternGeco
WGP Group

Government Agencies and Other Organisations Mentioned in This Report

Commonwealth of Independent States (CIS)
US Energy Information Administration (EIA)
Edinburgh University
International Energy Agency (IEA)
National Aeronautics and Space Administration (NASA)
Organisation for Economic Co-operation and Development (OECD)
Organization of the Petroleum Exporting Countries (OPEC)
Scripps Institution of Oceanography Marine EM Laboratory
United Kingdom Ministry of Defence (MoD)
United States Navy (USN)
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1. Executive Summary
1.1 The Global Advanced Oil & Gas Exploration Technologies Market
1.2 Regional Variations in the Advanced Oil & Gas Exploration Technologies Market
1.3 Submarkets of the Advanced Oil & Gas Exploration Technologies Market
1.4 Summary of Drivers and Restraints of the Advanced Oil & Gas Exploration Technologies Market

2. Introduction to the Advanced Oil & Gas Exploration Technologies Market
2.1 Oil & Gas Markets in 2010
2.2 History of the Exploration Market
2.2.1 Seismic Exploration
2.2.2 Controlled-Source Electromagnetics (CSEM)
2.2.3 Remote Sensing
2.3 The Advanced Exploration Market in 2010
2.3.1 The Seismic Exploration Market
2.3.2 The Marine Electromagnetics (CSEM) Market
2.3.3 The Remote Sensing Market
2.4 The Advanced Exploration Market Outlook
2.4.1 The Short-Term Outlook
2.4.2 The Medium-Term Outlook
2.4.3 The Long-Term Outlook
2.5 Scope of this Report
2.6 Benefits of this Report
2.7 Methodology

3. The Global Advanced Oil & Gas Exploration Technologies Market
3.1 The Oil and Gas Outlook
3.2 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
3.2.1 Seismic Exploration Technologies Market Forecast 2010-2020
3.2.2 CSEM Exploration Technologies Market Forecast 2010-2020
3.2.3 Remote Sensing Technologies Market Forecast 2010-2020
3.3 Drivers and Restraints of the Global Advanced Oil & Gas Exploration Technologies Market
3.4 Drivers
3.4.1 Oil & Gas Prices and Related Factors
3.5 Restraints
3.5.1 Current Financial Conditions
3.5.2 Aggressive Patenting
3.5.3 Conservative Oil and Gas Companies
3.5.4 Limited Supply of Skilled Employees
3.5.5 Unfamiliarity of CSEM Data

4. Regional Advanced Oil & Gas Exploration Technologies Markets
4.1 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.2 North American Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.3 African Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.4 CIS Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.5 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.6 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020
4.7 European Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020

5. Exploration Methods
5.1 Seismic
5.1.1 Land Seismic
5.1.2 Marine Seismic
5.1.3 Modern Seismic Imaging
5.1.4 Three-dimensional (3D) Seismic Imaging
5.1.5 Two-dimensional (2D) Seismic Imaging
5.1.6 Four-dimensional (4D) Seismic Imaging
5.2 Non-Seismic Methods
5.2.1 Remote Sensing
5.2.1.1 Magnetometric Remote Sensing
5.2.1.2 Gravimetric Remote Sensing
5.2.2 Electromagnetics (EM)
5.2.2.1 Controlled-Source Electromagnetics (CSEM)
5.2.2.2 Magnetotellurics (MT)
5.2.2.3 Induced Polarisation (IP)

6. Contemporary Innovations in Oil & Gas Exploration
6.1 Multi-Azimuth (MAZ) Seismic
6.2 Wide Azimuth (WAZ) Seismic
6.3 Rich Azimuth (RAZ) Seismic
6.4 Multi-Component Seismic
6.5 Towed Streamer CSEM
6.6 Dual Sensor Streamers
6.7 Simultaneous Source Acquisition

7. SWOT Analysis of the Advanced Oil & Gas Exploration Technologies Market 2010-2020
7.1 Strengths
7.1.1 The Oil Price
7.1.2 Oil Demand
7.1.3 Reservoir Complexity
7.2 Weaknesses
7.2.1 Price Volatility
7.2.2 Multi-Client Operations
7.2.3 Contract Operations
7.2.4 Currency Fluctuations
7.2.5 Seasonality
7.2.6 High Fixed Cost
7.2.7 Hazardous Operating Conditions
7.2.8 Intense Competition
7.3 Opportunities
7.3.1 Technological Change
7.3.2 Niche Markets
7.4 Threats
7.4.1 Regulation & Government Policy
7.4.2 Political Instability
7.4.3 Technological Change
7.4.4 Legal Challenges

8. Expert Opinion
8.1 PetroMarker AS
8.1.1 CSEM in the North Sea
8.1.2 Current Operations
8.1.3 The CSEM Market is Recovering
8.1.4 CSEM is a Complement to Seismic
8.1.5 CSEM Still More Expensive Than Seismic
8.1.6 CSEM is Still a Niche Market
8.1.7 Perceptions are Restraining the Market
8.1.8 CSEM Demand is Still Weak
8.1.9 PetroMarker’s Methods Particularly Suited to Reservoir Monitoring
8.1.10 2012 Will See CSEM Booming Once More
8.2 Reservoir Exploration Technology ASA (RXT)
8.2.1 The RXT Product
8.2.2 Flaws in the POBC Business Model
8.2.3 Rapid Growth Forecast for OBC
8.2.4 OBC Ideal in Obstructed Areas
8.2.5 RXT’s Current Operations
8.2.6 Growth Waiting on the Oil & Gas Companies
8.2.7 The RXT Fleet
8.2.8 Deepwater Specialists
8.2.9 OBC Technology is Improving Rapidly
8.2.10 Deepwater Horizon Could Have a Positive Effect on Exploration
8.3 Stingray Geophysical Ltd.
8.3.1 Stingray’s Fibre-Optic Solution
8.3.2 LoF Seismic Still in Early Stages
8.3.3 Competitors in the LoFS Space
8.3.4 Why LoF Seismic Will Grow
8.3.5 LoFS Systems Will Become Standard on Major Fields
8.3.6 A New Planning Mindset is Required
8.3.7 Specialisation is Stingray’s Competitive Advantage
8.3.8 Oil & Gas Companies Need a Long-Term Perspective
8.3.9 Field Testing has been Successful
8.3.10 Stingray Expects to Deploy Commercial Systems within the Next Two Years
8.4 Scotforth Ltd.
8.4.1 Origins of the Company
8.4.2 Analysing Spectral Luminosity
8.4.3 The Remote Sensing Market
8.4.4 Outlook for Scotforth

9. Leading Companies in the Advanced Oil & Gas Exploration Technologies Market
9.1 The ‘Big Three’ Exploration Companies
9.1.1 CGGVeritas S.A.
9.1.2 Petroleum Geo-Services ASA (PGS)
9.1.3 WesternGeco
9.2 Major Exploration Companies
9.2.1 BGP Inc.
9.2.2 Dawson Geophysical Company
9.2.3 Fugro N.V.
9.2.4 Geokinetics Inc.
9.2.5 Seitel Inc.
9.2.6 TGS-Nopec Geophysical Company L.P.
9.3 Smaller Exploration Companies
9.3.1 Bergen Oilfield Services AS
9.3.2 Challenger Geophysical Ltd.
9.3.3 MultiClient Geophysical AS
9.3.4 Polarcus Ltd.
9.3.5 Reflect Geophysical Pte Ltd.
9.3.6 SeaBird Exploration Norway AS
9.3.7 Shiv-Vani Oil & Gas Exploration Services Ltd.
9.3.8 Spectrum-ASA
9.3.9 Offshore Geo-Survey Works Sdn Bhd
9.3.10 TGC Industries, Inc.
9.3.11 WGP Group
9.4 Specialist Seismic Companies
9.4.1 ARIS Geophysical Ltd.
9.4.2 Reservoir Exploration Technology ASA (RXT)
9.4.3 Stingray Geophysical Ltd.
9.5 Specialist Marine EM Companies
9.5.1 Electromagnetic Geoservices ASA (EMGS)
9.5.2 Offshore Hydrocarbon Mapping plc (OHM)
9.5.3 PetroMarker AS
9.6 Remote Sensing Companies
9.6.1 ARKeX Ltd.
9.6.2 NPA Satellite Mapping (now Fugro-NPA)
9.6.3 Scotforth Ltd.
9.6.4 Terra Energy & Resource Technologies Inc.
9.6.5 TTI Production

10. Conclusions
10.1 High Growth Regional Advanced Oil & Gas Exploration Technologies Markets
10.2 Medium-growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.3 Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.4 Very Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.5 Observations on the Oil & Gas Outlook
10.6 Technological Trends in the Advanced Oil & Gas Exploration Technologies Market
10.7 Concluding Observations on the Global Advanced Oil & Gas Exploration Technologies Market

11. Glossary
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Table 1.1 Drivers and Restraints of the Advanced Oil & Gas Exploration Technologies Market
Table 3.1 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020 ($m, AGR %)
Table 3.2 Global Advanced Oil & Gas Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.3 Advanced Oil & Gas Exploration Technologies Submarket Forecasts 2010-2020 ($m, AGR %)
Table 3.4 Seismic Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 3.5 Seismic Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.6 CSEM Exploration Technologies Market Forecast, 2010-2020 ($m, AGR%)
Table 3.7 CSEM Exploration Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.8 Remote Sensing Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 3.9 Remote Sensing Technologies Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 3.10 Drivers and Restraints of the Global Advanced Oil & Gas Exploration Technologies Market
Table 4.1 Regional Advanced Oil & Gas Exploration Technologies Market Forecasts, 2010-2020 ($m, AGR %)
Table 4.2 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.3 Asia-Pacific Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.4 North American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.5 North American Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.6 African Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.7 African Advanced Oil & Gas Exploration Technologies Market CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.8 CIS Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.9 CIS Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.10 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.11 Middle Eastern Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.12 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m, AGR %)
Table 4.13 Latin American Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 4.14 European Advanced Oil & Gas Exploration Technologies Market Forecast, 2009-2020 ($m, AGR %)
Table 4.15 European Advanced Oil & Gas Exploration Market Forecast CAGR (%) 2010-2020, 2010-2015, and 2015-2020
Table 7.1 SWOT Analysis of the Advanced Oil & Gas Exploration Technologies Market 2010-2020
Table 9.1 Fugro Geosciences Revenue, 2007-2008 ($m)

Figure 1.1 Comparative Regional Advanced Oil & Gas Exploration Technologies Markets, 2010 ($m)
Figure 1.2 Comparative Regional Advanced Oil & Gas Exploration Technologies Market CAGRs, 2010-2020 (%)
Figure 2.1 Oil Prices, 1989-2010 ($/b)
Figure 2.2 Monthly Crude Oil Prices, January 2009-November 2011 ($/b)
Figure 2.3 Composite Wellhead Natural Gas Prices, January 2006-October 2011 ($/MCF)
Figure 2.4 Seismic Exploration Activity by Region, 2009 (%)
Figure 3.1 Regional Oil Demand Forecasts, 2009-2014 (mb/d)
Figure 3.2 Regional Oil Production Forecasts, 2006-2035 (mb/d)
Figure 3.3 Regional Natural Gas Production Forecasts 2007-2035 (TCF)
Figure 3.4 Regional Oil Liquids Consumption Forecasts, 2005-2035 (mb/d)
Figure 3.5 Regional Natural Gas Consumption Forecasts, 2005-2035 (TCF)
Figure 3.6 Oil Price Forecasts 2009-2020 (2008 $/b)
Figure 3.7 Gas Price Forecast 2009-2020 (2008 $/MCF)
Figure 3.8 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2010-2020 ($m)
Figure 3.9 Advanced Oil & Gas Exploration Technologies Submarket Share, 2010 (%)
Figure 3.10 Advanced Oil & Gas Exploration Technologies Submarket Share, 2020 (%)
Figure 3.11 Seismic Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 3.12 CSEM Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 3.13 Logarithmic Scale of Exploration Technologies Submarket Forecasts, 2010-2020 ($m)
Figure 3.14 Remote Sensing Technologies Market Forecast, 2010-2020 ($m)
Figure 4.1 Regional Advanced Oil & Gas Exploration Technologies Market Forecasts, 2010-2020 ($m)
Figure 4.2 Regional Advanced Oil & Gas Exploration Technologies Market Share, 2010 (%)
Figure 4.3 Regional Advanced Oil & Gas Exploration Technologies Market Share, 2020 (%)
Figure 4.4 Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.5 Asia-Pacific Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.6 North American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.7 North American Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.8 African Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.9 African Oil & Gas Production Forecasts 2006-2020 (mb/d, TCF)
Figure 4.10 CIS Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.11 CIS Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.12 Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.13 Middle Eastern Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.14 Latin American Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.15 Latin American Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 4.16 European Advanced Oil & Gas Exploration Technologies Market Forecast, 2010-2020 ($m)
Figure 4.17 European Oil & Gas Production Forecasts, 2006-2020 (mb/d, TCF)
Figure 7.1 Oil Prices, September 2007-July 2009 ($/b)
Figure 9.1 CGGVeritas Total Revenue Share by Business Segment, 2009 (%)
Figure 9.2 CGGVeritas Revenue, 2005-2009 ($m)
Figure 9.3 CGGVeritas Revenue by Business Segment, 2007-2009 ($m)
Figure 9.4 CGGVeritas Total Revenue Share by Region, 2009 (%)
Figure 9.5 PGS Operations by Business Segment, 2009 (%)
Figure 9.6 PGS Revenues by Business Segment, 2007-2009, ($’000)
Figure 9.7 WesternGeco Revenue, 2005-2009 ($m)
Figure 9.8 Dawson Geophysical Revenue, 2007-2009 ($m)
Figure 9.9 Geokinetics Revenue, 2005-2009 ($m)
Figure 9.10 Seitel Revenues, 2005-2009 ($m)
Figure 9.11 TGS-Nopec Revenue, 2005-2009 ($m)
Figure 9.12 Seabird Exploration Revenue, Q3 2008-Q1 2010 ($m)
Figure 9.13 TGC Industries Revenue, 2005-2009 ($m)
Figure 9.14 EMGS Revenues by Business Segment, 2008-2009 ($m)
Figure 9.15 EMGS Revenue by Region, 2008 (Interior) & 2009 (Exterior) (%)
Figure 9.16 OHM Revenue by Division, 2008-2009 ($’000)
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