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

Synopsis
Key historical and forecast data for the offshore oil and gas industry in UAE 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 UAE. 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 UAE 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 UAE by comparing rigs across 26 parameters

Highlights
• Oil and gas production in UAE declined at a CAGR of 1.3% over the 2000-09 period. This is expected to grow at a CAGR of 0.7% over the 2010-30 period.
• Operation Expenditure (Opex) accounted for a 61.3% share of the total offshore expenditure in 2009 in UAE, while Capital Expenditure (Capex) accounted for the remaining 38.7% 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?
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TABLE OF CONTENTS
Introduction 2
Summary 2
Market definition 3
United Arab Emirates Offshore Oil and Gas Production Overview 16
Offshore production to 2030 16
Offshore cumulative production to 2030 20
Offshore remaining production to 2030 24
United Arab Emirates Offshore Production Wells 28
Total production wells (oil & gas) overview 28
Offshore production wells (oil & gas) 32
United Arab Emirates Offshore Drilling 35
Offshore drilling of wells to 2015 35
Offshore well drilling split by exploratory and development to 2015 37
Offshore exploratory well drilling to 2015 39
Offshore exploratory well drilling in United Arab Emirates, split by exploration and appraisal to 2015 41
Offshore development well drilling to 2015 43
Offshore development well drilling in United Arab Emirates, split by surface and sub-sea development to 2015 45
United Arab Emirates Offshore Expenditure 47
Capex and Opex to 2015 47
United Arab Emirates Offshore Rig Activity 51
Thule Power, Al Ghallan, Al Ittihad, Al Bzoom and Al Yasat 51
Arch Rowan, Beynouna, Brakah, Charles Rowan, Delma and Diyina 52
ENSCO 24, Amarnath, GULF-2 (Al-Rayyan), Foresight Driller VII and Global Pearl 53
Junana, Noble David Tinsley, Noble Charles Copeland, Noble Dhabi II and Noble Dick Favor 55
Noble Alan Hay, Perro Negro 2, Pride North Dakota, Pride Pennsylvania, and Rowan Middletown 56
Aban VII, Al Hail, Yemilah, Noble Roger Lewis and Thule Energy 58
Thule Force, Delba III, KS Endeavor, MEJU Jackup TBN 1 and MIS Jackup (Hull 108) 59
NDC Jackup TBN 1, MENAdrill Hercules II, NDC Jackup TBN 2, NDC Jackup TBN 3 and Eurasia Jackup TBN 1 61
United Arab Emirates Equity Stakes 62
Companies ranked by estimated oil production offshore in 2010 62
Companies ranked by natural gas production offshore in 2010 64
Companies ranked by estimated oil & natural gas production offshore in 2010 65
Top 5 companies ranked by estimated oil production offshore in 2010 67
Top 5 companies ranked by estimated oil & natural gas production offshore in 2010 69
Companies and estimated oil production per year 71
Companies and estimated natural gas production per year 73
Appendix 75
Research methodology 75
Global oil & gas analyzer overview 75
Overview of reserves 75
Overview of drilling activity 75
How producing wells are forecast 76
Overview of production data 77
Overview of production decline rates 77
Overview of offshore Capex & Opex data 78
Overview of drilling expenditure 79
Overview of operating expenditure 83
Overview of consumption data 83
Sources of data 83
Data verification 84
Final data review and publication 85
How to contact experts in your industry 85
Further reading 85
Disclaimer 85

LIST OF FIGURES
Figure 1: United Arab Emirates, offshore oil and gas production (000s boe/day), 2000–09 16
Figure 2: United Arab Emirates, offshore oil and gas production (000s boe/day), 2009–30f 18
Figure 3: United Arab Emirates, oil and gas market, offshore cumulative production (mm boe), 2000–09 20
Figure 4: United Arab Emirates, oil and gas market, offshore cumulative production (mm boe), 2009–30f 22
Figure 5: United Arab Emirates, oil and gas market, offshore remaining production (mm boe), 2000–09 24
Figure 6: United Arab Emirates, oil and gas market, offshore remaining production (mm boe), 2009–30f 26
Figure 7: United Arab Emirates, number of production wells (oil and gas), 2002–09 28
Figure 8: United Arab Emirates, number of production wells (oil and gas), 2009–15f 30
Figure 9: United Arab Emirates, number of offshore producing wells 2002–09 32
Figure 10: United Arab Emirates, number of offshore producing wells 2009–15f 33
Figure 11: United Arab Emirates, number of offshore wells drilled, 2000–15f 34
Figure 12: United Arab Emirates, number of offshore wells drilled, split by exploratory and development, 2000–15f 36
Figure 13: United Arab Emirates, number of offshore exploratory wells drilled, 2000–15f 38
Figure 14: United Arab Emirates, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 40
Figure 15: United Arab Emirates, number of offshore development wells drilled, 2000–15f 42
Figure 16: United Arab Emirates, number of offshore surface development wells drilled, 2000–15f 44
Figure 17: United Arab Emirates, offshore expenditure, capex and opex ($m), 2000–09 46
Figure 18: United Arab Emirates, offshore expenditure, capex and opex ($m), 2009–15f 48
Figure 19: United Arab Emirates, offshore oil estimated production volume (mmbbl/year) by company, 2010 61
Figure 20: United Arab Emirates, offshore oil & natural gas estimated production volume (mmboe/year) by company, 2010 64
Figure 21: United Arab Emirates, estimated market share of top 5 companies in offshore oil production, 2010 66
Figure 22: United Arab Emirates, estimated market share of top 5 companies in offshore oil & natural gas production, 2010 68
Figure 23: United Arab Emirates, estimated offshore oil production per year by company, 2010–30 70
Figure 24: United Arab Emirates, estimated offshore natural gas production per year by company, 2010–30 72

LIST OF TABLES
Table 1: United Arab Emirates, offshore oil and gas production (000s boe/day), 2000–09 17
Table 2: United Arab Emirates, offshore oil and gas production (000s boe/day), 2009–30f 19
Table 3: United Arab Emirates, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2000–09 21
Table 4: United Arab Emirates, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2009–30f 23
Table 5: United Arab Emirates, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2000–09 25
Table 6: United Arab Emirates, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2009–30f 27
Table 7: United Arab Emirates, number of production wells (oil and gas), 2002–09 29
Table 8: United Arab Emirates, number of production wells (oil and gas), 2009–15f 31
Table 9: United Arab Emirates, number of offshore producing wells 2002–09 32
Table 10: United Arab Emirates, number of offshore producing wells 2009–15f 34
Table 11: United Arab Emirates, number of offshore wells drilled, 2000–15f 36
Table 12: United Arab Emirates, number of offshore wells drilled, split by exploratory and development, 2000–15f 38
Table 13: United Arab Emirates, number of offshore exploratory wells drilled, 2000–15f 40
Table 14: United Arab Emirates, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 42
Table 15: United Arab Emirates, number of offshore development wells drilled, 2000–15f 44
Table 16: United Arab Emirates, number of offshore development wells drilled, split by surface and sub-sea development, 2000–15f 46
Table 17: United Arab Emirates, offshore expenditure, capex and opex ($m), 2000–09 48
Table 18: United Arab Emirates, offshore expenditure, capex and opex ($m), 2009–15f 50
Table 19: United Arab Emirates, offshore rig activity, Thule Power, Al Ghallan, Al Ittihad, Al Bzoom and Al Yasat 51
Table 20: United Arab Emirates, offshore rig activity, Arch Rowan, Beynouna, Brakah, Charles Rowan, Delma and Diyina 52
Table 21: United Arab Emirates, offshore rig activity, ENSCO 24, Amarnath, GULF-2 (Al-Rayyan), Foresight Driller VII and Global Pearl 53
Table 22: United Arab Emirates, offshore rig activity, Junana, Noble David Tinsley, Noble Charles Copeland, Noble Dhabi II and Noble Dick Favor 55
Table 23: United Arab Emirates, offshore rig activity, Noble Alan Hay, Perro Negro 2, Pride North Dakota, Pride Pennsylvania, and Rowan Middletown 56
Table 24: United Arab Emirates, offshore rig activity, Aban VII, Al Hail, Yemilah, Noble Roger Lewis and Thule Energy 58
Table 25: United Arab Emirates, offshore rig activity, Thule Force, Delba III, KS Endeavor, MEJU Jackup TBN 1 and MIS Jackup (Hull 108) 59
Table 26: United Arab Emirates, offshore rig activity, NDC Jackup TBN 1, MENAdrill Hercules II, NDC Jackup TBN 2, NDC Jackup TBN 3 and Eurasia Jackup TBN 1 61
Table 27: United Arab Emirates, offshore oil estimated production by company (companies only, excludes not identified, NGLs and wasted), 2010 63
Table 28: United Arab Emirates, offshore oil estimated production volume by company (includes not identified, excludes NGLs and wasted), 2010 63
Table 29: United Arab Emirates, offshore natural gas estimated production volume by company (includes not identified, excludes wasted), 2010 64
Table 30: United Arab Emirates, offshore oil & natural gas estimated production (companies only, excludes not identified, NGLs and wasted) by company, 2010 66
Table 31: United Arab Emirates, offshore oil & natural gas estimated production (includes not identified, excludes NGLs and wasted) by company, 2010 66
Table 32: United Arab Emirates, top 5 offshore oil production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 68
Table 33: United Arab Emirates, top 5 offshore oil & natural gas production (companies only, excludes not identified, NGLs and wasted) by company, 2010 70
Table 34: United Arab Emirates, estimated offshore oil production volumes (mm bbl/year) by company 2010–30 72
Table 35: United Arab Emirates, estimated offshore natural gas production volumes (bcm/year) by company 2010–30 74


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