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| Monthly Newsletter |
February 2009
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Welcome to February's edition of Bright Spots, our round up of oil and gas news in Deloitte. This month we take a look at the North Sea Activity Outlook and provide you with valuable analysis of the current global licensing rounds. We are pleased to announce the official release of the 2009 Indonesia Upstream Petroleum Report, as well as our upcoming Doing business in Egypt seminar.
- Thought leadership -
Launch of Oil and Gas UK's 2008 North Sea Activity Survey
The perspective of a professional services firm
On 11 February 2009, Carl Hughes, Lead Partner for Deloitte's UK Energy practice, presented his views at the breakfast briefing, which launched the 2008 North Sea Activity Survey in London.
The recent challenging economic climate is having a significant impact on the oil and gas sector. Carl expressed his views on the importance of the industry in relation to the UK economy, the reduction in capital investment over the coming years whilst comparing the automotive industry and how the Government, industry and financiers need to work together to ensure the future of smaller oil and gas companies linked to the North Sea.
Carl Hughes - The perspective of a professional services firm
Download > UK's 2008 North Sea Activity Survey
(PDF, 25 pages, 349KB)
Gas - security and flexibility
IP Week
A fortnight ago Andrew Knights, Senior Manager Petroleum Services, presented on gas storage as part of the 'Gas - Security and Flexibility' session during IP Week, the premier annual oil and gas forum. Andrew focused on the developments of the UK's gas storage linked to supply and demand and the obstacles associated with the changes as well as looking into the fiscal and tax implications surrounding gas storage.
Download > UK gas storage - security and flexibility
(PDF, 27 pages, 266KB)
- Technical -
Upstream Petroleum Report 2009: Indonesia
Official release
We are pleased to announce the official release of the 2009 edition of the Indonesia Upstream Petroleum Report (UPR), with access to rolling updates throughout the year via our website.
(UPR - featuring PetroScope)
The Indonesia UPR is a six volume publication which provides users with comprehensive data and discounted cash-flow analysis/economics for all significant producing assets and upstream projects currently under development in Indonesia, including cash-flow analysis for 72 PSC/TACs. The report also gives a detailed understanding of company interests, licensing, drilling, reserves, production, gas sales agreements, exploration and developments activity, and fiscal terms in Indonesia.
This new edition includes a complementary copy of the new Fiscal and Regulatory Guide for Indonesia.
More > Upstream Petroleum Report Indonesia 2009
Email > Simon Crellin
Updated maps
Now available
We have recently updated the following maps:
Caspian (wall map, A1, PDF, 3.3MB)
Caspian (pocket map, A3, PDF, 1.2MB)
The entire range of wall and pocket maps, covering much of the world's oil and gas producing countries, are freely available on our website. To request a copy please fill in our contact us form stating clearly the maps you require.
Licensing Round: South Australia Cooper Basin
Executive summary
The minister for Mineral Resources Development, Paul Jolloway, announced the opening of bidding for new onshore petroleum exploration permits across the Eromanga/Cooper Basin on 6 February 2009. A total of five blocks, with a combined area of over 8,876 square kilometres, have been offered by the South Australian Government. Companies are required to submit their bids by 15 October 2009.
Map: Blocks offered under the Eromanga/Cooper Basin block offer.
Source: PetroView
The blocks offered in this Round are now available in the PetroView Asia Pacific dataset. The fiscal, regulatory and contractual terms applicable to upstream petroleum operations in Australia are comprehensively reviewed in our Fiscal and Regulatory Guide for this country.
More > Cooper Basin Licensing Round 2009
More > Visit PIRSA website
- Training -
Industry training
In March, we are holding our On the map training course; practical ArcGIS for oil and gas professionals.
Date: 23-24 March 2009
Location: Deloitte, 2 New Street Square, London
Our other industry training courses include:
- Power of gas - essentials of gas and LNG
- Future potential - integrated evaluation of upstream hydrocarbon assets
More > Visit our industry training pages to find out more
- Topical -
Events
Doing business in Egypt
Our "Doing business in Egypt" seminar will be held in London on 2 April 2009. The seminar will examine the regional context, tax, legal, geological and operating factors that can help build business success in Egypt.
- Date: 2 April 2009
- Location: The Deloitte Academy, London
- Time: 1600-1830