| Monthly Newsletter |
June 2008
|
Welcome to this month's newsletter. An index of this edition's articles are presented in the right-hand column.
- Thought leadership -
Doing business in Libya: Seminar presentations
Our seminar on "Doing Business in Libya" was held at The Deloitte Academy in London on Thursday June 26th, 2008.
The presentations and speakers were:
- Libya in context: Anna Andersen, Deloitte, London
- Petroleum law and tax perspective: Faik F. Krekchi, Kashadah & Co., Deloitte, Tripoli
- A sub-surface perspective: Ramin Lakani, Gaffney Cline & Associates, Bentley
- Libya E&P review: Dr Jim Wright, AMEC
- Case study: Caron Howard and Markus Fischer, Deloitte, London
All presentations are available for download (PDF | 6.7MB | 85 Slides).
Structure of the upstream industry: Who will do what?
What could the future structure of the upstream oil and gas industry be like? How will the international oil companies, national oil companies and oilfield services companies interact? Will the outcome be "zero sum" or "win-win"? Ken McKellar of Deloitte’s Petroleum Services group gives some thought-provoking pointers on a fascinating and topical subject.
This presentation was delivered to the World Energy Outlook 2008: Oil and Gas Supply Prospects brainstorming session of the International Energy Agency in Paris earlier in the year.
Ken's full presentation is available to download (PDF | 148KB | 13 Slides).
Producers’ dilemma? Game theory in anticipating outcomes
Alberta’s oil sands industry is currently going through a period of significant change. As conventional oil discoveries become increasingly rare, producers are shifting their attention to oil sands development.
To improve understanding of the issues facing the marketplace and set the stage for industry collaboration, Deloitte leveraged its decades-long involvement in the oil and gas industry to develop Producers' dilemma, a game theory-based pilot simulation that helps producers analyse complex market scenarios and gain insight into how the market is evolving.
To download the report findings and listen to a podcast discussion, please visit our website.
Accelerating the pace of change: The time is now
The national oil company (NOC) has recently become a prominent figure and the subject of many papers. In fact, it is difficult to attend an industry symposium where NOCs are not a major topic. This newfound eminence is somewhat ironic as NOCs have been important players throughout the oil and gas industry’s history.
The new spin on NOCs is their changing role in global oil and gas. Clearly, today’s oil and gas industry presents NOCs the potential to significantly and globally expand their businesses. Advisors working with many NOC executives know that these executives understand both the scope and the urgency of this opportunity.
Read the full article by Deloitte’s David Traylor in the January edition of Next Generation Oil & Gas: Middle East North Africa.
- Topical -
Licensing rounds:
Sri Lanka: Mannar Basin Licensing Round 2007
The Mannar Basin Licensing Round 2007 closed on January 31st, 2008. The three blocks on offer received six bids submitted by three companies namely Niko Resources Ltd, ONGC Videsh and Cairn India Ltd. Although all blocks received bids, only one block, SL-2007-01-1, was awarded to Cairn India Ltd in June 2008. The Petroleum Resources Agreement would be signed in due course.
The award of the block has been incorporated in the PetroView South Asia dataset and the blocks that were offered under the licensing round can be accessed via the OPENBLOCKS table in the PetroView Catalogue.
For more information, please visit the official website.
UKCS: Record number of applications in 25th Round
On June 6th, 2008, the Department
for Business Enterprise and Regulatory Reform (BERR) announced that 193
applications had been made by a total of 131 companies for licences in the 25th Offshore
Licensing Round. This represents the highest number of applications
ever made and signifies a 31% increase on the number of applications made in the
24th Licensing Round.
Applications for Promote licences, specifically designed to encourage newer and
smaller firms to enter the UKCS and introduced in the 21st Licensing Round, dropped
by 32% in the 25th Licensing Round. However, the number of applications
for Traditional licences increased by 80%, as well as applications for Frontier
licences which increased by 40%.
The 25th Licensing Round opened on February 20th, 2008 when BERR announced that
a record total of 2,297 blocks and part-blocks were on offer. BERR plans
to make 25th Round licence offers later in the year.
For more information, please visit BERR's website.
UKCS: 13th Onshore Licensing Round awards
On May 24th, 2008, the Department for Business Enterprise and Regulatory Reform (BERR) announced that it was offering 93 new licences to 54 companies under the 13th Onshore Licensing Round. In addition to conventional oil and gas, applications were received for coalbed methane, mine gas and shale gas. BERR states that this positive outcome confirms the continuing commercial attractiveness of onshore oil and gas exploration opportunities in the UK.
The 13th Onshore Licensing Round was opened on November 7th, 2007, with the deadline for applications on February 6th, 2008. In total, 60 applications were made for 182 blocks by 54 companies. The last UK Onshore Licensing Round was awarded in September 2004, and under the 12th Round 26 awards were made to 12 companies. The 13th Round signifies a 273% increase in the number of awards, when compared to the 12th Round, and a 350% increase in the number of companies awarded licences.
For more information on the landward licensing round, please visit the official website.
- Technical -
New PetroView release
We are pleased to announce that the June 2008 version of PetroView is now available for download. This release represents a major installation that will provide users with updated functionality and data across 14 areas:
- New functionality in the production profile tool;
- New dataset update service;
- New download available for GEBCO bathymetry raster tiles;
- New production data in revised PetroView dataset schema;
- New field economics in revised PetroView dataset schema for NW Europe;
- Improvements to the snapshot reporting tool;
- Improvements to PetroView Installers;
- Improvements to the help file;
- Improved, single log on access to online PetroView modules;
- Standardised GEBCO bathymetry contours across all datasets;
- Additional information in the PetroView title bar and ‘About’ menu item;
- Ability to change user defaults;
- Ability to edit startup files and restart PetroView functionality (ArcGIS only); and
- A number of user reported bugs have been resolved.
To benefit from the new functionality and data, users will need to undertake a full installation of PetroView for both local and network client installations. All users of PetroView will receive a separate email detailing the installation process.
For more information about PetroView, please visit our website.
Doing business in Libya: Seminar presentations
Structure of the upstream industry: Who will do what?
Producers’ dilemma? Game theory in anticipating outcomes
Accelerating the pace of change: The time is now
Topical
Licensing rounds:
- Sri Lanka: Mannar Basin Licensing Round 2007
- UKCS: Record number of applications in 25th Round
- UKCS: 13th Onshore Licensing Round awards
New PetroView release
