Bright spots

Monthly Newsletter

August 2009

Welcome to August's edition of Bright Spots, our round up of oil and gas news in Deloitte. Under the current economic conditions, consolidation opportunities appear likely for a number of companies. So this month we look at the options available and which are best for the parties involved. Sticking with this theme, we also examine how the economic climate has provided good buying opportunities for Chinese National Oil Companies. Moving the focus on to E&P and industry data, a number of our wall maps were recently updated and are now available for download on our website. Finally, we invite you to attend our seminars, Doing business in the Black Sea region, which we are holding in London on 22 September, and Doing business in Australia, being held on 9 October in Singapore

- Thought leadership -

Beyond joint venture

True collaboration for long-term success

Industry consolidation opportunities appear likely for many entities, but in what form? Deloitte Consulting LLP published an article in Oil & Gas Financial Journal, in May 2009, discussing the four likely scenarios of collaboration. The article highlights a hybrid IOC-NOC collaboration as the most complex but the scenario with greatest potential for sustainable return. Is this a viable model, allowing risk-reward equations to work for both sides?

Download > Beyond Joint Venture
(PDF, 4 pages, 255.04KB)

Top

Full speed ahead

Chinese NOCs continues M&A trends

China has invested heavily in the outbound oil and gas business since early 1990 with state-owned companies participating in over 70 exploration and production (E&P) projects in over 30 countries. For those Chinese National Oil Companies (NOCs) that are presently cash-rich, today's economic environment and the slump in oil prices have provided good buying opportunities to expand their overseas resource acquisitions and acquire assets at favourable valuations.

Download > Chinese NOCs continues M&A trends
(PDF, 15 pages, 199.78KB)

Top

- Technical -

Updated wall maps

Now available

We have recently updated the following maps:

Black Sea
Alaska
Eastern Canada
Russia

(Black Sea wall map)

The entire range of wall and pocket maps, covering much of the world's oil and gas producing countries, are available on our website at no cost. To request a copy, please fill in our contact us form stating clearly the maps you require.

Download > Wall maps

Top

- Topical -

Doing business in oil and gas

Doing business in the Black Sea
With most of the Black Sea countries being dependent on Russian gas supply, there is an increased priority to explore local reserves to secure local energy supplies. The state-owned TPAO has led the way in exploration in the region engaging in partnerships with companies such as Petrobras and Exxon Mobil. Early surveys suggest that Turkey may hold as much as 1.5 trillion cubic metres of gas and 10 billion barrels of oil. Romania is looking to follow suit with new seismic surveys in the region and estimates that there could be more than 100 billion cubic meters of gas and 73 million barrels of oil. Ukraine is also keen to turn around its outdated and inefficient equipment to develop its oil and gas industry and has already seen production levels begin to stabilise after years of decline.

We invite you to attend our Doing business in the Black Sea region seminar where we will examine the regional context, tax, legal, geological and operating factors that can help build business success in the Black Sea region.

Date: Tuesday 22 September 2009
Time: 0800-1030
Location: The Deloitte Academy, London
Country: United Kingdom

More > Register your interest to attend on our website
Contact > Camilla George

Doing business in Australia
Australia has long been seen as a desirable destination for oil and gas companies. A stable government and economy, a transparent petroleum regime and numerous avenues of entry, allied to under explored basins, both onshore and offshore and huge prospectivity, have seen Australia rank highly as an attractive destination for foreign direct investment. The country hosts not only majors and large independents, but a whole host of smaller companies, many of which through sustained exploration success have grown and expanded internationally. New discoveries in Australia regularly rank in the global top 10 by size on an annual basis.

With this in mind, we invite you to attend our complimentary seminar during which we will discuss key elements of participating in Australia’s oil and gas sector.