World Drilling & Production Market Forecast 2005-2021 Q1

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D&PDrilling and Production

Douglas-Westwood’s World Drilling and Pro-duction Market Forecast (DWD&P) provides unparalleled insight into global oil & gas drilling & production (D&P); the core driver of oilfield services and equipment markets worldwide. DWD&P provides a granular country-by-coun-try assessment of historic, current and future annual drilling & production activity for both the onshore and offshore sectors.

The new quarterly issue (Q1) of Douglas-Westwood’s (DW) World Drilling and Produc-tion Market Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Canada, Russia and USA.

Through to 2021 and utilising a proprietary methodology, DWD&P provides data analysis on 60 key countries, offering near-total cover-age of global onshore and offshore hydrocar-bon production.

Based on detailed models, the report examines each country in turn and includes a summary of hydrocarbon potential and sensitised produc-tion outlook, with associated development drill-ing requirements segmented into oil & gas for the onshore sector and shallow vs. deep water

depths for the offshore sector. Country-by-country exploration and appraisal (E&A) drilling forecasts for both the onshore and offshore sectors are also detailed.

The World Drilling & Production Market Forecast contains:

• Drilling & production data – generated in-house through models exclusive to DW, we assess the prospects of 60 countries and determine historic, current and potential future production and associated develop-ment well-drilling requirements: oil & gas, onshore & offshore, exploration & appraisal (E&A) drilling and offshore; deep & shallow water.

• Detailed analysis – summary level overview analysis and market commentary provided at country-level alongside data and fore-casts. Identification of sensitised scenarios used to drive drilling forecasts.

• Full global coverage – the only product on the market able to provide such a level of granularity and confidence on the drilling and production market.

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• Long-term outlook – a seven-year forecast from 2015 to 2021 provides a medium-term perspective on development drilling & production opportunities.

• Hindcast – annual data back to 2005 enables examination of each country’s long-term D&P trends.

• Comprehensive experience – gained from nearly 25 years of research. This product has been developed through exposure to industry-leading international M&A engage-ments including numerous diligence exer-cises conducted for oilfield services, equip-ment and drilling organisations worldwide, including those in opaque or less-publicised markets such as China, the Middle East and Russia.

• Dynamic – an ongoing process, DWD&P research is updated continuously, allowing for regular updates and detailed knowledge of each country’s hydrocarbon activity and potential.

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ISBN 978-1-910045-11-4


2015

World Drilling & Production Market Forecast

2005-2021Q1 February 2015


© 2015 Douglas-Westwood 2World Drilling & Production Market Forecast 2005-2021 Q1By purchasing this document, your organisation agrees that it will not copy or allow to be copied in part or whole or otherwise circulated in any form any of the contents without the written permission of Douglas-Westwood

D&P

Contents

Table of Contents

1 Global Drilling and Production ..............................8Global Production and Drilling .................................................................................................. 9

Onshore Production and Drilling ............................................................................................ 10

Onshore Production and Drilling: Oil .................................................................................... 11

Onshore Production and Drilling: Gas ................................................................................... 12

Offshore Production and Drilling ............................................................................................ 13

Offshore Production and Drilling: Shallow Water ............................................................... 14

Offshore Production and Drilling: Deep Water ................................................................... 15

2 Africa ......................................................................... 16Africa Overview .......................................................................................................................... 17

Algeria ........................................................................................................................................... 18

Angola ........................................................................................................................................... 19

Egypt .............................................................................................................................................. 20

Equatorial Guinea ........................................................................................................................ 21

Gabon ............................................................................................................................................ 22

Ghana ............................................................................................................................................ 23

Libya ............................................................................................................................................... 24

Mozambique ................................................................................................................................. 25

Nigeria ........................................................................................................................................... 26

Republic of Congo ...................................................................................................................... 27

Sudan and South Sudan .............................................................................................................. 28

3 Asia-Pacific ............................................................... 29Asia-Pacific Overview................................................................................................................. 30

Australia ........................................................................................................................................ 31

Bangladesh .................................................................................................................................... 32

Brunei ............................................................................................................................................ 33

China ............................................................................................................................................. 34

India ............................................................................................................................................... 35

Indonesia ....................................................................................................................................... 36

Malaysia ......................................................................................................................................... 37

Myanmar ....................................................................................................................................... 38

Pakistan ......................................................................................................................................... 39

Thailand ......................................................................................................................................... 40

Vietnam ......................................................................................................................................... 41

4 Eastern Europe & FSU ........................................... 42Eastern Europe & FSU Overview............................................................................................. 43

Azerbaijan ..................................................................................................................................... 44

Kazakhstan.................................................................................................................................... 45

Poland ............................................................................................................................................ 46

Romania ........................................................................................................................................ 47

Russia ............................................................................................................................................. 48

Turkmenistan................................................................................................................................ 49

Ukraine.......................................................................................................................................... 50

Uzbekistan .................................................................................................................................... 51

5 Latin America .......................................................... 52Latin America Overview ............................................................................................................ 53

Argentina ...................................................................................................................................... 54

Bolivia ............................................................................................................................................ 55

Brazil .............................................................................................................................................. 56

Colombia ...................................................................................................................................... 57

Ecuador ......................................................................................................................................... 58

Mexico ........................................................................................................................................... 59

Peru ............................................................................................................................................... 60

Trinidad & Tobago ....................................................................................................................... 61

Venezuela ...................................................................................................................................... 62

6 Middle East ............................................................... 63Middle East Overview ................................................................................................................ 64

Bahrain .......................................................................................................................................... 65

Iran ................................................................................................................................................. 66

Iraq ................................................................................................................................................. 67

Israel .............................................................................................................................................. 68

Kuwait ........................................................................................................................................... 69

Oman ............................................................................................................................................. 70

Qatar ............................................................................................................................................. 71


D&P

Contents

Table of Contents

Saudi Arabia ................................................................................................................................. 72

Syria ............................................................................................................................................... 73

Turkey ............................................................................................................................................ 74

UAE................................................................................................................................................ 75

Yemen ............................................................................................................................................ 76

7 North America ....................................................... 77North America Overview ......................................................................................................... 78

Canada .......................................................................................................................................... 79

USA ................................................................................................................................................ 80

8 Western Europe ..................................................... 81Western Europe Overview ....................................................................................................... 82

Albania ........................................................................................................................................... 83

Denmark ....................................................................................................................................... 84

Germany ....................................................................................................................................... 85

Italy ................................................................................................................................................ 86

Netherlands ................................................................................................................................. 87

Norway ......................................................................................................................................... 88

UK .................................................................................................................................................. 89

9 Appendix .................................................................. 90Barriers and Limitations ............................................................................................................ 91

Appendix A: Production and Drilling in 2013 and 2020 ..................................................... 92

Appendix B: Global Market Proportions in 2013 and 2020 ............................................... 93


D&P

Contents

Figures

Figure 1: Global Production 2005-2021 .............................................................................................................9

Figure 2: Global Wells Drilled 2005-2021 .........................................................................................................9

Figure 3: Global Onshore Production 2005-2021 ...................................................................................... 10

Figure 4: Global Onshore Wells Drilled 2005-2021 .................................................................................. 10

Figure 5: Global Onshore Oil Production 2005-2021 .............................................................................. 11

Figure 6: Global Onshore Oil Wells Drilled 2005-2021 ......................................................................... 11

Figure 7: Global Onshore Gas Production 2005-2021 ............................................................................ 12

Figure 8: Global Onshore Gas Wells Drilled 2005-2021 ........................................................................ 12

Figure 9: Global Offshore Production 2005-2021 ...................................................................................... 13

Figure 10: Global Offshore Wells Drilled 2005-2021 ............................................................................... 13

Figure 11: Global Shallow Water Production 2005-2021....................................................................... 14

Figure 12: Global Shallow Water Wells Drilled 2005-2021 .................................................................. 14

Figure 13: Global Deepwater Production 2005-2021 .............................................................................. 15

Figure 14: Global Deepwater Wells Drilled 2005-2021 .......................................................................... 15

Figure 15: Africa Onshore Production and Drilling .................................................................................... 17

Figure 16: Africa Offshore Production and Drilling .................................................................................... 17

Figure 17: Algeria Onshore Production and Drilling ................................................................................. 18

Figure 18: Angola Onshore Production and Drilling ................................................................................. 19

Figure 19: Angola Offshore Production and Drilling ................................................................................. 19

Figure 20: Egypt Onshore Production and Drilling..................................................................................... 20

Figure 21: Egypt Offshore Production and Drilling..................................................................................... 20

Figure 22: Equitorial Guinea Offshore Production and Drilling ........................................................... 21

Figure 23: Gabon Onshore Production and Drilling .................................................................................. 22

Figure 24: Gabon Offshore Production and Drilling .................................................................................. 22

Figure 25: Ghana Offshore Production and Drilling .................................................................................. 23

Figure 26: Libya Onshore Production and Drilling ..................................................................................... 24

Figure 27: Libya Offshore Production and Drilling ..................................................................................... 24

Figure 28: Mozambique Onshore Production and Drilling .................................................................... 25

Figure 29: Mozambique Offshore Production and Drilling .................................................................... 25

Figure 30: Nigeria Onshore Production and Drilling ................................................................................. 26

Figure 31: Nigeria Offshore Production and Drilling ................................................................................. 26

Figure 32: Republic of Congo Onshore Production and Drilling ........................................................ 27

Figure 33: Republic of Congo Offshore Production and Drilling ........................................................ 27

Figure 34: Sudan and South Sudan Onshore Production and Drilling ............................................. 28

Figure 35: Asia Onshore Production and Drilling ....................................................................................... 30

Figure 36: Asia Offshore Production and Drilling ....................................................................................... 30

Figure 37: Australia Onshore Production and Drilling .............................................................................. 31

Figure 38: Australia Offshore Production and Drilling .............................................................................. 31

Figure 39: Bangladesh Onshore Production and Drilling ......................................................................... 32

Figure 40: Bangladesh Offshore Production and Drilling ......................................................................... 32

Figure 41: Brunei Onshore Production and Drilling .................................................................................. 33

Figure 42: Brunei Offshore Production and Drilling .................................................................................. 33

Figure 43: China Onshore Production and Drilling .................................................................................... 34

Figure 44: China Offshore Production and Drilling .................................................................................... 34

Figure 45: India Onshore Production and Drilling ...................................................................................... 35

Figure 46: India Offshore Production and Drilling ...................................................................................... 35

Figure 47: Indonesia Onshore Production and Drilling ............................................................................ 36

Figure 48: Indonesia Offshore Production and Drilling ............................................................................ 36

Figure 49: Malaysia Offshore Production and Drilling ............................................................................... 37

Figure 50: Myanmar Onshore Production and Drilling ............................................................................ 38

Figure 51: Myanmar Offshore Production and Drilling ............................................................................ 38

Figure 52: Pakistan Onshore Production and Drilling ............................................................................... 39

Figure 53: Thailand Onshore Production and Drilling .............................................................................. 40

Figure 54: Thailand Offshore Production and Drilling .............................................................................. 40

Figure 55: Vietnam Offshore Production and Drilling .............................................................................. 41

Figure 56: Eastern Europe & FSU Onshore Production and Drilling ................................................ 43

Figure 57: Eastern Europe & FSU Offshore Production and Drilling ................................................ 43

Figure 58: Azerbaijan Onshore Production and Drilling .......................................................................... 44

Figure 59: Azerbaijan Offshore Production and Drilling .......................................................................... 44

Figure 60: Kazakhstan Onshore Production and Drilling ......................................................................... 45

Figure 61: Kazakhstan Offshore Production and Drilling ......................................................................... 45

Figure 62: Poland Onshore Production and Drilling .................................................................................. 46

Figure 63: Poland Offshore Production and Drilling .................................................................................. 46

Figure 64: Romania Onshore Production and Drilling .............................................................................. 47

Figure 65: Romania Offshore Production and Drilling .............................................................................. 47

Figure 66: Russia Onshore Production and Drilling ................................................................................... 48

Figure 67: Russia Offshore Production and Drilling ................................................................................... 48

Figure 68: Turkmenistan Onshore Production and Drilling .................................................................... 49

Figure 69: Turkmenistan Offshore Production and Drilling .................................................................... 49

Figure 70: Ukraine Onshore Production and Drilling ................................................................................ 50


D&P

Contents

Figures

Figure 71: Ukraine Offshore Production and Drilling ................................................................................ 50

Figure 72: Uzbekistan Onshore Production and Drilling ......................................................................... 51

Figure 73: Latin America Onshore Production and Drilling .................................................................. 53

Figure 74: Latin America Offshore Production and Drilling .................................................................. 53

Figure 75: Argentina Onshore Production and Drilling ........................................................................... 54

Figure 76: Argentina Offshore Production and Drilling ........................................................................... 54

Figure 77: Bolivia Onshore Production and Drilling................................................................................... 55

Figure 78: Brazil Onshore Production and Drilling ..................................................................................... 56

Figure 79: Brazil Offshore Production and Drilling ..................................................................................... 56

Figure 80: Colombia Onshore Production and Drilling ........................................................................... 57

Figure 81: Colombia Offshore Production and Drilling ........................................................................... 57

Figure 82: Ecuador Onshore Production and Drilling ............................................................................... 58

Figure 83: Mexico Onshore Production and Drilling ................................................................................ 59

Figure 84: Mexico Offshore Production and Drilling ................................................................................ 59

Figure 85: Peru Onshore Production and Drilling ....................................................................................... 60

Figure 86: Peru Offshore Production and Drilling ....................................................................................... 60

Figure 87: Trinidad & Tobago Onshore Production and Drilling ......................................................... 61

Figure 88: Trinidad & Tobago Offshore Production and Drilling ......................................................... 61

Figure 89: Venezuela Onshore Production and Drilling ........................................................................... 62

Figure 90: Venezuela Offshore Production and Drilling ........................................................................... 62

Figure 91: Middle East Onshore Production and Drilling ........................................................................ 64

Figure 92: Middle East Offshore Production and Drilling ........................................................................ 64

Figure 93: Bahrain Onshore Production and Drilling ................................................................................ 65

Figure 94: Iran Onshore Production and Drilling ........................................................................................ 66

Figure 95: Iran Offshore Production and Drilling ........................................................................................ 66

Figure 96: Iraq Onshore Production and Drilling ........................................................................................ 67

Figure 97: Israel Onshore Production and Drilling ..................................................................................... 68

Figure 98: Israel Offshore Production and Drilling ..................................................................................... 68

Figure 99: Kuwait Onshore Production and Drilling .................................................................................. 69

Figure 100: Kuwait Offshore Production and Drilling ............................................................................... 69

Figure 101: Oman Onshore Production and Drilling ................................................................................ 70

Figure 102: Oman Offshore Production and Drilling ................................................................................ 70

Figure 103: Qatar Onshore Production and Drilling ................................................................................. 71

Figure 104: Qatar Offshore Production and Drilling ................................................................................. 71

Figure 105: Saudi Arabia Onshore Production and Drilling ................................................................... 72

Figure 106: Saudi Arabia Offshore Production and Drilling ................................................................... 72

Figure 107: Syria Onshore Production and Drilling ................................................................................... 73

Figure 108: Turkey Onshore Production and Drilling ............................................................................... 74

Figure 109: Turkey Offshore Production and Drilling ............................................................................... 74

Figure 110: UAE Onshore Production and Drilling ................................................................................... 75

Figure 111: UAE Offshore Production and Drilling ................................................................................... 75

Figure 112: Yemen Onshore Production and Drilling ............................................................................... 76

Figure 113: North America Onshore Production and Drilling ............................................................. 78

Figure 114: North America Offshore Production and Drilling ............................................................. 78

Figure 115: Canada Onshore Production and Drilling ............................................................................. 79

Figure 116: Canada Offshore Production and Drilling ............................................................................. 79

Figure 117: USA Onshore Production and Drilling.................................................................................... 80

Figure 118: USA Offshore Production and Drilling.................................................................................... 80

Figure 119: Western Europe Onshore Production and Drilling .......................................................... 82

Figure 120: Western Europe Offshore Production and Drilling .......................................................... 82

Figure 121: Albania Onshore Production and Drilling .............................................................................. 83

Figure 122: Albania Offshore Production and Drilling .............................................................................. 83

Figure 123: Denmark Offshore Production and Drilling.......................................................................... 84

Figure 124: Germany Onshore Production and Drilling .......................................................................... 85

Figure 125: Germany Offshore Production and Drilling .......................................................................... 85

Figure 126: Italy Onshore Production and Drilling ..................................................................................... 86

Figure 127: Italy Offshore Production and Drilling ..................................................................................... 86

Figure 128: Netherlands Onshore Production and Drilling ................................................................... 87

Figure 129: Netherlands Offshore Production and Drilling ................................................................... 87

Figure 130: Norway Offshore Production and Drilling ............................................................................ 88

Figure 131: UK Onshore Production and Drilling ....................................................................................... 89

Figure 132: UK Offshore Production and Drilling ....................................................................................... 89


D&P

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