Table of Contents
1 Table Of Contents 2
1.1 List of Tables 9
1.2 List of Figures 12
2 United Kingdom Energy Sector 13
2.1 United Kingdom Energy Sector, Market
Overview 13
2.2 United Kingdom Energy Sector, Natural Gas 15
2.2.1
United Kingdom Natural Gas, Overview 15
2.2.2 United Kingdom Natural Gas,
Supply and Demand Balance 15
2.2.3 United Kingdom Natural Gas, Regulatory
Structure 21
2.2.4 United Kingdom Natural Gas, Infrastructure 22
3 The
United Kingdom Fiscal Regime 24
3.1 The United Kingdom Petroleum Fiscal
Environment 24
3.2 License Terms 24
3.3 Key Fiscal Terms 26
3.4
Key Information 29
3.5 Sample Cashflows Calculations 31
4 The United
Kingdom Gas Upstream Investment Environment Benchmarking 32
4.1
Introduction 32
4.2 The Overall Ranking 32
4.3 Upstream Fiscal
Attractiveness 33
4.3.1 Maximum Government Take Index 34
4.3.2 Maximum
State Participation 35
4.4 Gas Sector Performance 35
4.4.1 Exploration
Activity 37
4.4.2 Gas Production 38
4.4.3 Gas Reserves 38
4.4.4
Gas Consumption 38
4.5 Economic Performance 39
4.5.1 GDP Growth Index
41
4.5.2 FDI Confidence Index 41
4.5.3 Balance of Trade Index 41
4.6 Socio-Political Performance 42
4.6.1 Democracy Index 44
4.6.2
Governance Index 44
5 United Kingdom Exploration and Production Sector
45
5.1 United Kingdom Exploration and Production Sector, Country Snapshot
45
5.1.1 United Kingdom Exploration and Production Sector, Key Data 45
5.1.2 United Kingdom, Exploration And Production Sector, Assets Map 46
5.2
United Kingdom Exploration and Production Sector, Marketed Natural Gas
Production 47
5.2.1 United Kingdom Exploration and Production Sector,
Marketed Natural Gas-Historical Production 47
5.2.2 United Kingdom
Exploration and Production Sector, Marketed Natural Gas Production by Assets
48
5.2.3 United Kingdom Exploration and Production Sector, Marketed Equity
Weighted Natural Gas Production by Company 58
5.2.4 United Kingdom
Exploration and Production Sector, Market Share based on Marketed Natural Gas
Production 61
5.3 United Kingdom Exploration and Production Sector,
Marketed Natural Gas Forecasts 66
5.3.1 United Kingdom Exploration and
Production Sector, Marketed Natural Gas Forecasted Production 66
5.3.2
United Kingdom Exploration and Production Sector, Gross Revenue Forecast
71
5.3.3 United Kingdom Exploration and Production Sector, Government Take
Forecast 78
5.4 United Kingdom Exploration And Production Sector, Natural
Gas Asset Details 85
5.4.1 United Kingdom Exploration And Production
Sector, Natural Gas Asset Details 85
6 United Kingdom Pipeline Sector
89
6.1 United Kingdom Pipeline Sector, Key Data 89
6.2 United Kingdom
Pipeline Sector, An Overview 89
6.3 United Kingdom Pipeline Sector,
Comparision of Key Natural Gas Pipeline Companies 89
6.4 United Kingdom
Pipeline Sector, Natural Gas Pipelines 91
7 United Kingdom LNG Sector
94
7.1 United Kingdom LNG Sector, Key Data 94
7.2 United Kingdom LNG
Sector, Regasification 94
7.2.1 United Kingdom LNG Sector, Regasification,
Total Regasification Capacity 94
7.2.2 United Kingdom LNG Sector,
Regasification, Capacity-Wise Market Share By Company 96
7.2.3 United
Kingdom LNG Sector, Regasification, Asset Wise Capacity 97
8 United
Kingdom Undergound Gas Storage Sector 98
8.1 United Kingdom Underground
Gas Storage Sector, Key Data 98
8.2 United Kingdom Underground Gas Storage
Sector, An Overview 98
8.3 United Kingdom Underground Gas Storage Sector,
Capacity-Wise Market Share By Company 98
8.4 United Kingdom, Underground
Gas Storage Capacity 100
9 Profile of British Petroleum Plc 101
9.1
British Petroleum Plc, Key Information 101
9.2 British Petroleum Plc,
Company Overview 101
9.3 British Petroleum Plc, Business Description
101
9.3.1 British Petroleum Plc, Business Description, Business Overview
101
9.3.2 British Petroleum Plc, Business Description, Exploration and
Production 101
9.3.3 British Petroleum Plc, Business Description, Gas,
Power and Renewables 103
9.3.4 British Petroleum Plc, Business
Description, Refining and Marketing 104
9.3.5 British Petroleum Plc,
Business Description, Major Products and Services 106
9.4 British
Petroleum Plc, Value Chain Analysis 107
9.4.1 British Petroleum Plc, Value
Chain Analysis, Upstream 108
9.4.2 British Petroleum Plc, Value Chain
Analysis, Midstream 108
9.4.3 British Petroleum Plc, Value Chain Analysis,
Downstream 109
9.4.4 British Petroleum Plc, Value Chain Analysis, Retail
110
9.5 British Petroleum Plc, SWOT Analysis 111
9.5.1 British
Petroleum Plc, SWOT Analysis, Overview 111
9.5.2 British Petroleum Plc,
SWOT Analysis, Strengths 112
9.5.3 British Petroleum Plc, SWOT Analysis,
Weaknesses 113
9.5.4 British Petroleum Plc, SWOT Analysis, Opportunities
113
9.5.5 British Petroleum Plc, SWOT Analysis, Threats 114
9.6
British Petroleum Plc, Revenue Analysis 115
9.6.1 British Petroleum Plc,
Revenue by Segment 116
9.6.2 British Petroleum Plc, Revenue by Geography
116
9.7 British Petroleum Plc, Financial and Operational Review 118
9.7.1 Financial Statements 118
9.7.2 Financial Ratios 119
10 Profile
of Royal Dutch Shell Plc 120
10.1 Royal Dutch Shell Plc, Key Information
120
10.2 Royal Dutch Shell Plc, Company Overview 120
10.3 Royal Dutch
Shell Plc, Business Description 120
10.3.1 Royal Dutch Shell Plc, Business
Description, Overview 120
10.3.2 Royal Dutch Shell Plc, Business
Description, Chemicals 121
10.3.3 Royal Dutch Shell Plc, Business
Description, Corporate and Others 122
10.3.4 Royal Dutch Shell Plc,
Business Description, Exploration and Production 122
10.3.5 Royal Dutch
Shell Plc, Business Description, Gas and Power 124
10.3.6 Royal Dutch
Shell Plc, Business Description, Oil Products 126
10.3.7 Royal Dutch Shell
Plc, Business Description, Oil Sands 128
10.4 Royal Dutch Shell Plc, Value
Chain Analysis 129
10.4.1 Royal Dutch Shell Plc, Value Chain Analysis,
Upstream 129
10.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream
130
10.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 131
10.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 131
10.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 132
10.5 Royal Dutch Shell Plc, SWOT Analysis 133
10.5.1 Royal Dutch Shell
Plc, SWOT Analysis, Overview 133
10.5.2 Royal Dutch Shell Plc, SWOT
Analysis, Strengths 133
10.5.3 Royal Dutch Shell Plc, SWOT Analysis,
Weaknesses 134
10.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities
135
10.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 136
10.6
Royal Dutch Shell Plc, Revenue Analysis 137
10.6.1 Royal Dutch Shell Plc,
Revenue by Segment 137
10.6.2 Royal Dutch Shell Plc, Revenue by Geography
138
10.7 Royal Dutch Shell plc, Financial and Operational Review 139
10.7.1 Financial Statements 139
10.7.2 Financial Ratios 140
11 Profile
of Exxon Mobil Corporation 141
11.1 Exxon Mobil Corporation, Key
Information 141
11.2 Exxon Mobil Corporation, Company Overview 141
11.3 Exxon Mobil Corporation, Business Description 141
11.3.1 Exxon Mobil
Corporation, Business Description, Overview 141
11.3.2 Exxon Mobil
Corporation, Business Description, Chemical 141
11.3.3 Exxon Mobil
Corporation, Business Description, Downstream 143
11.3.4 Exxon Mobil
Corporation, Business Description, Upstream 145
11.4 Exxon Mobil
Corporation, Value Chain Analysis 147
11.4.1 Exxon Mobil Corporation,
Value Chain Analysis, Upstream 147
11.4.2 Exxon Mobil Corporation, Value
Chain Analysis, Midstream 148
11.4.3 Exxon Mobil Corporation, Value Chain
Analysis, Downstream 149
11.4.4 Exxon Mobil Corporation, Value Chain
Analysis, Retail 149
11.5 Exxon Mobil Corporation, SWOT Analysis 149
11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 149
11.5.2 Exxon
Mobil Corporation, SWOT Analysis, Strengths 150
11.5.3 Exxon Mobil
Corporation, SWOT Analysis, Weaknesses 152
11.5.4 Exxon Mobil Corporation,
SWOT Analysis, Opportunities 154
11.5.5 Exxon Mobil Corporation, SWOT
Analysis, Threats 155
11.6 Exxon Mobil Corporation, Revenue Analysis
157
11.6.1 Exxon Mobil Corporation, Revenue by Segment 157
11.6.2
Exxon Mobil Corporation, Revenue by Geography 158
11.7 Exxon Mobil
Corporation, Financial and Operational Review 159
11.7.1 Financial
Statements 159
11.7.2 Financial Ratios 160
12 Financial Deals
Landscape 161
12.1 Detailed Deal Summary 161
12.1.1 Rumored Deals
161
12.1.2 Acquisition 162
12.1.3 Venture Financing 167
12.1.4
Equity Offerings 168
12.1.5 Debt Offerings 174
12.1.6 Partnerships
177
12.1.7 Asset Transactions 179
13 Recent Developments 184
13.1
License Rounds 184
13.1.1 Nov 12, 2008: UK Offers 171 New Licenses To 100
Companies Covering 257 Blocks In North Sea 184
13.2 License Awards 185
13.2.1 Jan 21, 2009: IGas Receives Approval To Produce CBM Gas In Warrington
And Widnes 185
13.2.2 Dec 29, 2008: Antrim Submits FDP For Phase I Of
Causeway Field In UK North Sea 185
13.2.3 Dec 23, 2008: Elixir Wins Four
Month Extension Of License Term On Block 211/18b In Leopard Prospect, UK
186
13.2.4 Dec 09, 2008: Eni Wins Two Licenses In UK North Sea 187
13.3 Recent Discoveries 187
13.3.1 Feb 12, 2009: Nexen Announces Oil
Discovery At Hobby Exploration Well In Block 20/1N, UK 187
13.3.2 Jan 29,
2009: Maersk Oil Announces Gas Discovery At Block 22/25a In UK North Sea
188
13.3.3 Jan 21, 2009: Endeavour Announces Appraisal Of Rochelle
Discovery In UK North Sea 188
13.3.4 Dec 29, 2008: GDF Suez Announces Gas
Discovery In Southern Basin Sector Of UKCS 189
13.3.5 Nov 17, 2008: Revus
Announces Oil Discovery At Cladhan Well 210/29a-4 UK Northern North Sea
190
13.4 Drilling and Production Updates 190
13.4.1 Feb 12, 2009:
Atlantic Updates On Ettrick Field In UK 190
13.4.2 Feb 10, 2009: Endeavour
Updates On Cygnus 44/12a-3 Well In Southern Gas Basin, UK North Sea 191
13.4.3 Feb 06, 2009: Providence Begins Drilling Operations On L99/02-SWD Well
At UK' s New Singleton Oilfield 191
13.4.4 Feb 03, 2009: Lansdowne Provides
Reserves Update 192
13.4.5 Feb 02, 2009: IGas Provides Reserves Update
193
13.5 Financial Announcements 194
13.5.1 Feb 12, 2009: EnCore
Declares H2 2008 Results 194
13.5.2 Feb 06, 2009: Xtract Declares H1
Fiscal 2009 Results 197
13.5.3 Feb 05, 2009: BG Group Reports Q4 2008
Results 201
13.5.4 Feb 03, 2009: BP Reports 2008 Results 205
13.5.5
Feb 03, 2009: BP Declares Quarterly Dividend 207
13.6 Other Significant
Developments 207
13.6.1 Feb 16, 2009: Atlantic Updates On Chestnut Field
In UK 207
13.6.2 Feb 13, 2009: Total To Start Maintenance At Its UK
Refinery Shortly 208
13.6.3 Feb 13, 2009: Total To Develop Laggan And
Tormore Gas Fields In UK North Sea 208
13.6.4 Feb 10, 2009: Desire
Provides Operational Update 209
13.7 New Contracts Announcements 211
13.7.1 Jan 06, 2009: Synergy Being Chosen As Operator For Six UK North Sea Oil
Fields 211
14 Appendix 212
14.1 Methodology 212
14.1.1 Coverage
212
14.1.2 Secondary Research 213
14.1.3 Primary Research 213
14.1.4 E&P Forecasts 214
14.1.5 Midstream Forecasts 215
14.1.6 Expert
Panel Validation 215
14.2 Contact Us 216
14.3 About GlobalData 216
14.4 Disclaimer 216
1 Table Of Contents 2
1.1 List of Tables
9
1.2 List of Figures 12
2 United Kingdom Energy Sector 13
2.1
United Kingdom Energy Sector, Market Overview 13
2.2 United Kingdom Energy
Sector, Natural Gas 15
2.2.1 United Kingdom Natural Gas, Overview 15
2.2.2 United Kingdom Natural Gas, Supply and Demand Balance 15
2.2.3
United Kingdom Natural Gas, Regulatory Structure 21
2.2.4 United Kingdom
Natural Gas, Infrastructure 22
3 The United Kingdom Fiscal Regime 24
3.1 The United Kingdom Petroleum Fiscal Environment 24
3.2 License Terms
24
3.3 Key Fiscal Terms 26
3.4 Key Information 29
3.5 Sample
Cashflows Calculations 31
4 The United Kingdom Gas Upstream Investment
Environment Benchmarking 32
4.1 Introduction 32
4.2 The Overall
Ranking 32
4.3 Upstream Fiscal Attractiveness 33
4.3.1 Maximum
Government Take Index 34
4.3.2 Maximum State Participation 35
4.4 Gas
Sector Performance 35
4.4.1 Exploration Activity 37
4.4.2 Gas
Production 38
4.4.3 Gas Reserves 38
4.4.4 Gas Consumption 38
4.5
Economic Performance 39
4.5.1 GDP Growth Index 41
4.5.2 FDI Confidence
Index 41
4.5.3 Balance of Trade Index 41
4.6 Socio-Political
Performance 42
4.6.1 Democracy Index 44
4.6.2 Governance Index 44
5 United Kingdom Exploration and Production Sector 45
5.1 United Kingdom
Exploration and Production Sector, Country Snapshot 45
5.1.1 United
Kingdom Exploration and Production Sector, Key Data 45
5.1.2 United
Kingdom, Exploration And Production Sector, Assets Map 46
5.2 United
Kingdom Exploration and Production Sector, Marketed Natural Gas Production
47
5.2.1 United Kingdom Exploration and Production Sector, Marketed
Natural Gas-Historical Production 47
5.2.2 United Kingdom Exploration and
Production Sector, Marketed Natural Gas Production by Assets 48
5.2.3
United Kingdom Exploration and Production Sector, Marketed Equity Weighted
Natural Gas Production by Company 58
5.2.4 United Kingdom Exploration and
Production Sector, Market Share based on Marketed Natural Gas Production
61
5.3 United Kingdom Exploration and Production Sector, Marketed Natural
Gas Forecasts 66
5.3.1 United Kingdom Exploration and Production Sector,
Marketed Natural Gas Forecasted Production 66
5.3.2 United Kingdom
Exploration and Production Sector, Gross Revenue Forecast 71
5.3.3 United
Kingdom Exploration and Production Sector, Government Take Forecast 78
5.4
United Kingdom Exploration And Production Sector, Natural Gas Asset Details
85
5.4.1 United Kingdom Exploration And Production Sector, Natural Gas
Asset Details 85
6 United Kingdom Pipeline Sector 89
6.1 United
Kingdom Pipeline Sector, Key Data 89
6.2 United Kingdom Pipeline Sector,
An Overview 89
6.3 United Kingdom Pipeline Sector, Comparision of Key
Natural Gas Pipeline Companies 89
6.4 United Kingdom Pipeline Sector,
Natural Gas Pipelines 91
7 United Kingdom LNG Sector 94
7.1 United
Kingdom LNG Sector, Key Data 94
7.2 United Kingdom LNG Sector,
Regasification 94
7.2.1 United Kingdom LNG Sector, Regasification, Total
Regasification Capacity 94
7.2.2 United Kingdom LNG Sector,
Regasification, Capacity-Wise Market Share By Company 96
7.2.3 United
Kingdom LNG Sector, Regasification, Asset Wise Capacity 97
8 United
Kingdom Undergound Gas Storage Sector 98
8.1 United Kingdom Underground
Gas Storage Sector, Key Data 98
8.2 United Kingdom Underground Gas Storage
Sector, An Overview 98
8.3 United Kingdom Underground Gas Storage Sector,
Capacity-Wise Market Share By Company 98
8.4 United Kingdom, Underground
Gas Storage Capacity 100
9 Profile of British Petroleum Plc 101
9.1
British Petroleum Plc, Key Information 101
9.2 British Petroleum Plc,
Company Overview 101
9.3 British Petroleum Plc, Business Description
101
9.3.1 British Petroleum Plc, Business Description, Business Overview
101
9.3.2 British Petroleum Plc, Business Description, Exploration and
Production 101
9.3.3 British Petroleum Plc, Business Description, Gas,
Power and Renewables 103
9.3.4 British Petroleum Plc, Business
Description, Refining and Marketing 104
9.3.5 British Petroleum Plc,
Business Description, Major Products and Services 106
9.4 British
Petroleum Plc, Value Chain Analysis 107
9.4.1 British Petroleum Plc, Value
Chain Analysis, Upstream 108
9.4.2 British Petroleum Plc, Value Chain
Analysis, Midstream 108
9.4.3 British Petroleum Plc, Value Chain Analysis,
Downstream 109
9.4.4 British Petroleum Plc, Value Chain Analysis, Retail
110
9.5 British Petroleum Plc, SWOT Analysis 111
9.5.1 British
Petroleum Plc, SWOT Analysis, Overview 111
9.5.2 British Petroleum Plc,
SWOT Analysis, Strengths 112
9.5.3 British Petroleum Plc, SWOT Analysis,
Weaknesses 113
9.5.4 British Petroleum Plc, SWOT Analysis, Opportunities
113
9.5.5 British Petroleum Plc, SWOT Analysis, Threats 114
9.6
British Petroleum Plc, Revenue Analysis 115
9.6.1 British Petroleum Plc,
Revenue by Segment 116
9.6.2 British Petroleum Plc, Revenue by Geography
116
9.7 British Petroleum Plc, Financial and Operational Review 118
9.7.1 Financial Statements 118
9.7.2 Financial Ratios 119
10 Profile
of Royal Dutch Shell Plc 120
10.1 Royal Dutch Shell Plc, Key Information
120
10.2 Royal Dutch Shell Plc, Company Overview 120
10.3 Royal Dutch
Shell Plc, Business Description 120
10.3.1 Royal Dutch Shell Plc, Business
Description, Overview 120
10.3.2 Royal Dutch Shell Plc, Business
Description, Chemicals 121
10.3.3 Royal Dutch Shell Plc, Business
Description, Corporate and Others 122
10.3.4 Royal Dutch Shell Plc,
Business Description, Exploration and Production 122
10.3.5 Royal Dutch
Shell Plc, Business Description, Gas and Power 124
10.3.6 Royal Dutch
Shell Plc, Business Description, Oil Products 126
10.3.7 Royal Dutch Shell
Plc, Business Description, Oil Sands 128
10.4 Royal Dutch Shell Plc, Value
Chain Analysis 129
10.4.1 Royal Dutch Shell Plc, Value Chain Analysis,
Upstream 129
10.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream
130
10.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 131
10.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 131
10.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 132
10.5 Royal Dutch Shell Plc, SWOT Analysis 133
10.5.1 Royal Dutch Shell
Plc, SWOT Analysis, Overview 133
10.5.2 Royal Dutch Shell Plc, SWOT
Analysis, Strengths 133
10.5.3 Royal Dutch Shell Plc, SWOT Analysis,
Weaknesses 134
10.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities
135
10.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 136
10.6
Royal Dutch Shell Plc, Revenue Analysis 137
10.6.1 Royal Dutch Shell Plc,
Revenue by Segment 137
10.6.2 Royal Dutch Shell Plc, Revenue by Geography
138
10.7 Royal Dutch Shell plc, Financial and Operational Review 139
10.7.1 Financial Statements 139
10.7.2 Financial Ratios 140
11 Profile
of Exxon Mobil Corporation 141
11.1 Exxon Mobil Corporation, Key
Information 141
11.2 Exxon Mobil Corporation, Company Overview 141
11.3 Exxon Mobil Corporation, Business Description 141
11.3.1 Exxon Mobil
Corporation, Business Description, Overview 141
11.3.2 Exxon Mobil
Corporation, Business Description, Chemical 141
11.3.3 Exxon Mobil
Corporation, Business Description, Downstream 143
11.3.4 Exxon Mobil
Corporation, Business Description, Upstream 145
11.4 Exxon Mobil
Corporation, Value Chain Analysis 147
11.4.1 Exxon Mobil Corporation,
Value Chain Analysis, Upstream 147
11.4.2 Exxon Mobil Corporation, Value
Chain Analysis, Midstream 148
11.4.3 Exxon Mobil Corporation, Value Chain
Analysis, Downstream 149
11.4.4 Exxon Mobil Corporation, Value Chain
Analysis, Retail 149
11.5 Exxon Mobil Corporation, SWOT Analysis 149
11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 149
11.5.2 Exxon
Mobil Corporation, SWOT Analysis, Strengths 150
11.5.3 Exxon Mobil
Corporation, SWOT Analysis, Weaknesses 152
11.5.4 Exxon Mobil Corporation,
SWOT Analysis, Opportunities 154
11.5.5 Exxon Mobil Corporation, SWOT
Analysis, Threats 155
11.6 Exxon Mobil Corporation, Revenue Analysis
157
11.6.1 Exxon Mobil Corporation, Revenue by Segment 157
11.6.2
Exxon Mobil Corporation, Revenue by Geography 158
11.7 Exxon Mobil
Corporation, Financial and Operational Review 159
11.7.1 Financial
Statements 159
11.7.2 Financial Ratios 160
12 Financial Deals
Landscape 161
12.1 Detailed Deal Summary 161
12.1.1 Rumored Deals
161
12.1.2 Acquisition 162
12.1.3 Venture Financing 167
12.1.4
Equity Offerings 168
12.1.5 Debt Offerings 174
12.1.6 Partnerships
177
12.1.7 Asset Transactions 179
13 Recent Developments 184
13.1
License Rounds 184
13.1.1 Nov 12, 2008: UK Offers 171 New Licenses To 100
Companies Covering 257 Blocks In North Sea 184
13.2 License Awards 185
13.2.1 Jan 21, 2009: IGas Receives Approval To Produce CBM Gas In Warrington
And Widnes 185
13.2.2 Dec 29, 2008: Antrim Submits FDP For Phase I Of
Causeway Field In UK North Sea 185
13.2.3 Dec 23, 2008: Elixir Wins Four
Month Extension Of License Term On Block 211/18b In Leopard Prospect, UK
186
13.2.4 Dec 09, 2008: Eni Wins Two Licenses In UK North Sea 187
13.3 Recent Discoveries 187
13.3.1 Feb 12, 2009: Nexen Announces Oil
Discovery At Hobby Exploration Well In Block 20/1N, UK 187
13.3.2 Jan 29,
2009: Maersk Oil Announces Gas Discovery At Block 22/25a In UK North Sea
188
13.3.3 Jan 21, 2009: Endeavour Announces Appraisal Of Rochelle
Discovery In UK North Sea 188
13.3.4 Dec 29, 2008: GDF Suez Announces Gas
Discovery In Southern Basin Sector Of UKCS 189
13.3.5 Nov 17, 2008: Revus
Announces Oil Discovery At Cladhan Well 210/29a-4 UK Northern North Sea
190
13.4 Drilling and Production Updates 190
13.4.1 Feb 12, 2009:
Atlantic Updates On Ettrick Field In UK 190
13.4.2 Feb 10, 2009: Endeavour
Updates On Cygnus 44/12a-3 Well In Southern Gas Basin, UK North Sea 191
13.4.3 Feb 06, 2009: Providence Begins Drilling Operations On L99/02-SWD Well
At UK' s New Singleton Oilfield 191
13.4.4 Feb 03, 2009: Lansdowne Provides
Reserves Update 192
13.4.5 Feb 02, 2009: IGas Provides Reserves Update
193
13.5 Financial Announcements 194
13.5.1 Feb 12, 2009: EnCore
Declares H2 2008 Results 194
13.5.2 Feb 06, 2009: Xtract Declares H1
Fiscal 2009 Results 197
13.5.3 Feb 05, 2009: BG Group Reports Q4 2008
Results 201
13.5.4 Feb 03, 2009: BP Reports 2008 Results 205
13.5.5
Feb 03, 2009: BP Declares Quarterly Dividend 207
13.6 Other Significant
Developments 207
13.6.1 Feb 16, 2009: Atlantic Updates On Chestnut Field
In UK 207
13.6.2 Feb 13, 2009: Total To Start Maintenance At Its UK
Refinery Shortly 208
13.6.3 Feb 13, 2009: Total To Develop Laggan And
Tormore Gas Fields In UK North Sea 208
13.6.4 Feb 10, 2009: Desire
Provides Operational Update 209
13.7 New Contracts Announcements 211
13.7.1 Jan 06, 2009: Synergy Being Chosen As Operator For Six UK North Sea Oil
Fields 211
14 Appendix 212
14.1 Methodology 212
14.1.1 Coverage
212
14.1.2 Secondary Research 213
14.1.3 Primary Research 213
14.1.4 E&P Forecasts 214
14.1.5 Midstream Forecasts 215
14.1.6 Expert
Panel Validation 215
14.2 Contact Us 216
14.3 About GlobalData 216
14.4 Disclaimer 216
1.2 List of Figures
Figure 1: The UK, Energy
Sector Break-Up, 2008 14
Figure 2: The UK, Natural Gas Production And
Consumption, Billion Cubic Feet, 1996-2020 17
Figure 3: The UK, Natural
Gas Imports and Exports, Billion Cubic Feet, 1996-2020 19
Figure 4: The
UK, Natural Gas Reserves, Billion Cubic Feet, 1996-2008 21
Figure 5: The
United Kingdom, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample
Cashflows, 2005-2016 31
Figure 6: Western Europe, Country Standings,
Upstream Fiscal Attractiveness, 2008 34
Figure 7: Western Europe, Country
Standings, Gas Sector Performance, 2008 36
Figure 8: Western Europe,
Country Standings, Gas Sector Performance, 2008 (Contd.) 37
Figure 9:
Western Europe, Country Standings, Exploration Blocks Awarded, 2008 38
Figure 10: Western Europe, Country Standings, Economic Performance, 2008
40
Figure 11: Western Europe, Country Standings, Socio-Political
Performance, 2008 43
Figure 12: United Kingdom, Natural Gas Assets
Map, 2008 46
Figure 13: United Kingdom, Total Marketed Natural Gas
Production (MMcf), 2001-2008 47
Figure 14: United Kingdom, Marketed Equity
Weighted Natural Gas Production (MMcf), by Company, 2001-2008 60
Figure
15: United Kingdom, Market Share (%) based on Marketed Natural Gas Production,
2008 65
Figure 16: United Kingdom, Natural Gas Pipeline Length by Company
(Km), 2008 90
Figure 17: United Kingdom, Total Regasification Capacity
(Bcf), 2000-2015 95
Figure 18: British Petroleum Plc, Value Chain
Analysis 107
Figure 19: Royal Dutch Shell plc, Value Chain Analysis
129
Figure 20: Exxon Mobil Corporation, Value Chain Analysis 147
Figure 21: GlobalData Methodology 212
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