Offshore Oil and Gas in Azerbaijan - Production, Drilling, Rig Activity and Expenditure

Synopsis
Key historical and forecast data for the offshore oil and gas industry in Azerbaijan for the following indicators: production, drilling, rig activity and operating and capital expenditure data.

Introduction
The report looks at the offshore oil and gas activities in Azerbaijan. The report details the main upstream indicators of activity from drilling activity, expenditure through to production. Our data goes back to 2000 for most categories and forward to 2030 for production. It gives analysts and investors a concise guide to this important industry.

Scope
• Identify the opportunities in the Azerbaijani offshore oil and gas industry by analyzing drilling activity and production from 2010 onwards
• Develop investment strategies through a review of key suppliers of upstream supplies and services
• Identify M&A targets by analyzing offshore production data (value, volume and share) on a company-by-company basis
• Analyze and identify key rigs across Azerbaijan by comparing rigs across 26 parameters

Highlights
• Oil and gas production in Azerbaijan declined at a CAGR of 17.5% over the 2000-09 period. This is expected to grow at a CAGR of 1.3% over the 2010-30 period.
• Capital Expenditure (Capex) accounted for a 64.1% share of the total offshore expenditure in 2009 in Azerbaijan, while Operation Expenditure (Opex) accounted for the remaining 35.9% share.

Reasons to purchase
• Which countries will see the fastest growth in offshore oil and gas activity?
• Which companies are the most active in the offshore oil and gas sector?
• How much expenditure will be incurred both as operational and capital expenditure?
• How are oil and gas production trends evolving from 2000 to 2030?
• Where will drilling activity be greatest?
[Studien Infos ausblenden]

TABLE OF CONTENTS
Introduction 2
Summary 2
Market definition 3
Azerbaijan Offshore Oil and Gas Production Overview 16
Offshore production to 2030 16
Offshore cumulative production to 2030 20
Offshore remaining production to 2030 24
Azerbaijan Offshore Production Wells 28
Total production wells (oil & gas) overview 28
Offshore production wells (oil & gas) 31
Azerbaijan Offshore Drilling 33
Offshore drilling of wells to 2015 33
Offshore well drilling split by exploratory and development to 2015 35
Offshore exploratory well drilling to 2015 37
Offshore exploratory well drilling in Azerbaijan, split by exploration and appraisal to 2015 39
Offshore development well drilling to 2015 41
Offshore development well drilling in Azerbaijan, split by surface and sub-sea development to 2015 43
Azerbaijan Offshore Expenditure 45
Capex and Opex to 2015 45
Azerbaijan Offshore Rig Activity 49
Absheron, Baku, Dada Gorgud, Istiglal and Khazar 1 49
Khazar 2, Khazar 3, Khazar 4, Khazar 5 and Khazar 6 51
Shelf 1, Shelf 3, Azerbaijan Rig 01, Azerbaijan Rig 02 and Azerbaijan Rig 03 52
Azerbaijan Rig 05, Azerbaijan Rig 06, Azerbaijan Rig 07 and Azerbaijan Rig 08 53
Azerbaijan Equity Stakes 54
Companies ranked by estimated oil production offshore in 2010 54
Companies ranked by estimated natural gas production offshore in 2010 57
Companies ranked by estimated oil & natural gas production offshore in 2010 60
Top 10 companies ranked by estimated oil production offshore in 2010 63
Top 10 companies ranked by estimated natural gas production offshore in 2010 65
Top 10 companies ranked by estimated oil & natural gas production offshore in 2010 67
Top 5 companies ranked by estimated oil production offshore in 2010 69
Top 5 companies ranked by estimated natural gas production offshore in 2010 71
Top 5 companies ranked by estimated oil & natural gas production offshore in 2010 73
Companies and estimated oil production per year 75
Companies and estimated natural gas production per year 77
Appendix 79
Research methodology 79
Global oil & gas analyzer overview 79
Overview of reserves 79
Overview of drilling activity 79
How producing wells are forecast 80
Overview of production data 81
Overview of production decline rates 81
Overview of offshore Capex & Opex data 82
Overview of drilling expenditure 83
Overview of operating expenditure 86
Overview of consumption data 86
Sources of data 86
Data verification 87
Final data review and publication 87
How to contact experts in your industry 88
Further reading 88
Disclaimer 88

LIST OF FIGURES
Figure 1: Azerbaijan, offshore oil and gas production (000s boe/day), 2000–09 16
Figure 2: Azerbaijan, offshore oil and gas production (000s boe/day), 2009–30f 18
Figure 3: Azerbaijan, oil and gas market, offshore cumulative production (mm boe), 2000–09 20
Figure 4: Azerbaijan, oil and gas market, offshore cumulative production (mm boe), 2009–30f 22
Figure 5: Azerbaijan, oil and gas market, offshore remaining production (mm boe), 2000–09 24
Figure 6: Azerbaijan, oil and gas market, offshore remaining production (mm boe), 2009–30f 26
Figure 7: Azerbaijan, number of production wells (oil), 2002–09 28
Figure 8: Azerbaijan, number of production wells (oil), 2009–15f 30
Figure 9: Azerbaijan, number of offshore producing wells 2002–09 31
Figure 10: Azerbaijan, number of offshore producing wells 2009–15f 32
Figure 11: Azerbaijan, number of offshore wells drilled, 2000–15f 33
Figure 12: Azerbaijan, number of offshore wells drilled, split by exploratory and development, 2000–15f 35
Figure 13: Azerbaijan, number of offshore exploratory wells drilled, 2000–15f 37
Figure 14: Azerbaijan, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 39
Figure 15: Azerbaijan, number of offshore development wells drilled, 2000–15f 41
Figure 16: Azerbaijan, number of offshore development wells drilled, split by surface and sub-sea development, 2000–15f 43
Figure 17: Azerbaijan, offshore expenditure, capex and opex ($m), 2000–09 45
Figure 18: Azerbaijan, offshore expenditure, capex and opex ($m), 2009–15f 47
Figure 19: Azerbaijan, offshore oil estimated production volume (mm bbl/year) by company, 2010 54
Figure 20: Azerbaijan, offshore natural gas estimated production volume (bcm/year) by company, 2010 57
Figure 21: Azerbaijan, offshore oil & natural gas estimated production volume (mm boe/year) by company, 2010 60
Figure 22: Azerbaijan, estimated market share of top 10 companies in offshore oil production, 2010 63
Figure 23: Azerbaijan, estimated market share of top 10 companies in offshore natural gas production, 2010 65
Figure 24: Azerbaijan, estimated market share of top 10 companies in offshore oil & natural gas production, 2010 67
Figure 25: Azerbaijan, estimated market share of top 5 companies in offshore oil production, 2010 69
Figure 26: Azerbaijan, estimated market share of top 5 companies in offshore natural gas production, 2010 71
Figure 27: Azerbaijan, estimated market share of top 5 companies in offshore oil & natural gas production, 2010 73
Figure 28: Azerbaijan, offshore oil estimated production per year by company, 2010–30 75
Figure 29: Azerbaijan, offshore natural gas estimated production per year by company, 2010–30 77

LIST OF TABLES
Table 1: Azerbaijan, offshore oil and gas production (000s boe/day), 2000–09 17
Table 2: Azerbaijan, offshore oil and gas production (000s boe/day), 2009–30f 19
Table 3: Azerbaijan, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2000–09 21
Table 4: Azerbaijan, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2009–30f 23
Table 5: Azerbaijan, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2000–09 25
Table 6: Azerbaijan, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2009–30f 27
Table 7: Azerbaijan, number of production wells (oil and gas), 2002–09 29
Table 8: Azerbaijan, number of production wells (oil and gas), 2009–15f 30
Table 9: Azerbaijan, number of offshore producing wells 2002–09 31
Table 10: Azerbaijan, number of offshore producing wells 2009–15f 32
Table 11: Azerbaijan, number of offshore wells drilled, 2000–15f 34
Table 12: Azerbaijan, number of offshore wells drilled, split by exploratory and development, 2000–15f 36
Table 13: Azerbaijan, number of offshore exploratory wells drilled, 2000–15f 38
Table 14: Azerbaijan, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 40
Table 15: Azerbaijan, number of offshore development wells drilled, 2000–15f 42
Table 16: Azerbaijan, number of offshore development wells drilled, split by surface and sub-sea development, 2000–15f 44
Table 17: Azerbaijan, offshore expenditure, capex and opex ($m), 2000–09 46
Table 18: Azerbaijan, offshore expenditure, capex and opex ($m), 2009–15f 48
Table 19: Azerbaijan, offshore rig activity, Absheron, Baku, Dada Gorgud, Istiglal and Khazar 1 49
Table 20: Azerbaijan, offshore rig activity, Khazar 2, Khazar 3, Khazar 4, Khazar 5 and Khazar 6 51
Table 21: Azerbaijan, offshore rig activity, Shelf 1, Shelf 3, Azerbaijan Rig 01, Azerbaijan Rig 02 and Azerbaijan Rig 03 52
Table 22: Azerbaijan, offshore rig activity, Azerbaijan Rig 05, Azerbaijan Rig 06, Azerbaijan Rig 07 and Azerbaijan Rig 08 53
Table 23: Azerbaijan, offshore oil estimated production by company (companies only, excludes not identified, NGLs and wasted), 2010 55
Table 24: Azerbaijan, offshore oil estimated production volume by company (includes not identified, excludes NGLs and wasted), 2010 56
Table 25: Azerbaijan, offshore natural gas estimated production by company (companies only, excludes not identified and wasted), 2010 58
Table 26: Azerbaijan, offshore natural gas estimated production volume by company (includes not identified, excludes wasted), 2010 59
Table 27: Azerbaijan, offshore oil & natural gas estimated production (companies only, excludes not identified, NGLs and wasted) by company, 2010 61
Table 28: Azerbaijan, offshore oil & natural gas estimated production (includes not identified, excludes NGLs and wasted) by company, 2010 62
Table 29: Azerbaijan, top 10 offshore oil estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 64
Table 30: Azerbaijan, top 10 offshore natural gas estimated production companies (companies only, excludes not identified and wasted) by company, 2010 66
Table 31: Azerbaijan, top 10 offshore oil & natural gas estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 68
Table 32: Azerbaijan, top 5 offshore oil estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 70
Table 33: Azerbaijan, top 5 offshore natural gas estimated production companies (companies only, excludes not identified and wasted) by company, 2010 72
Table 34: Azerbaijan, top 5 offshore oil & natural gas estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 74
Table 35: Azerbaijan, offshore oil estimated production volumes (mm bbl/year) by company 2010–30 76
Table 36: Azerbaijan, offshore natural gas estimated production volumes (bcm/year) by company 2010–30 78


[Inhaltsverzeichnis ausblenden]