1 Table of Contents
1 Table of Contents 7
1.1 List of Tables 9
1.2 List of Figures 11
2 Worldwide Deepwater Activity Statistics - Introduction 12
3 Deepwater Exploration and Production Industry - Key Trends and Challenges 13
3.1 Rise in Demand for Deepwater and Ultra-Deepwater Drilling is Expected to Increase Offshore Day Rates for Drillships and Semisubmersibles 13
3.2 Dearth of Qualified Marine Crew Operating in Deepwater US Gulf of Mexico (USGOM) is Posing Risk of Temporary Operational Slowdown in Deepwater Activity 13
3.3 Deepwater Discoveries in South China Sea are Expected to Attract Deepwater Project Collaborations by Major E&P Players with CNOOC Ltd. in the Near Future 14
3.4 Chinese Offshore Rig Construction Shipyards Possess Competitive Advantages over their Korean and Singaporean Competitors 14
3.5 East Africa is Expected to Emerge as a New Region with Deepwater Potential in the African Continent 14
4 Statistics of Deepwater Projects Worldwide - by Region 15
4.1 Statistics, Deepwater Projects - US Gulf of Mexico (USGOM) 15
4.2 Statistics, Deepwater Projects - Brazil 22
4.3 Statistics, Deepwater Projects - Angola 23
4.4 Statistics, Deepwater Projects - India 24
4.5 Statistics, Deepwater Projects - Australia 25
4.6 Statistics, Deepwater Projects - China 26
4.7 Statistics, Deepwater Projects - Norway 27
5 US Gulf of Mexico (USGOM) - Deepwater Exploration and Production Scenario 30
5.1 US Gulf of Mexico (USGOM) - Deepwater Activity Regions 30
5.2 US Gulf of Mexico (USGOM) - Key Deepwater Statistics and Information 30
5.2.1 US Gulf of Mexico (USGOM) - Sub-areas Planned for Exploration 30
5.2.2 US Gulf of Mexico (USGOM) - Deepwater Leases Activated, by Water Depth, 2000 - March 2012 31
5.2.3 US Gulf of Mexico - Deepwater Drilling Applications Approved, by Water Depth 32
5.2.4 US Gulf of Mexico (USGOM) - Deepwater Platforms Activated, by Water Depth 33
5.2.5 US Gulf of Mexico (USGOM) - Deepwater Wells Drilled, by Water Depth 34
5.2.6 US Gulf of Mexico (USGOM) - Deepwater Wells Producing, by Water Depth 34
5.2.7 US Gulf of Mexico (USGOM) - Totla Offshore Lease Area Issued (Acres) 35
5.2.8 US Gulf of Mexico (USGOM) Average High Bid Per Acre ($) 35
5.2.9 US Gulf of Mexico (USGOM) - Royalty Relief under the Outer Continental Shelf Deepwater Royalty Relief Act (OCS DWRRA) 36
5.2.10 US Gulf of Mexico (USGOM) - Maximum Number of Deepwater Rigs Operational in a Particular Year 36
5.2.11 US Gulf of Mexico (USGOM) - Key Statistics of Deepwater Discoveries (Fields), by Area 37
5.2.12 US Gulf of Mexico (USGOM) - Proved Deepwater Reserves, by Water Depth, 2009 64
6 Offshore Brazil - Deepwater Exploration and Production Scenario 65
6.1 Offshore Brazil - Deepwater Activity Regions 65
6.2 Offshore Brazil - Key Deepwater Statistics and Information 65
6.2.1 Offshore Brazil - Total Offshore Blocks Offered 65
6.2.2 Offshore Brazil - Deepwater Discoveries (Fields), by Individual Basin 66
6.2.3 Offshore Brazil - Total Deepwater Wells Drilled, 2000-2011 68
6.2.4 Offshore Brazil - Deepwater Drilling Expenditure ($bn), 2000-2011 69
7 Offshore Angola - Deepwater Exploration and Production Scenario 70
7.1 Offshore Angola - Deepwater Activity Regions 70
7.2 Offshore Angola - Key Deepwater Statistics and Information 70
7.2.1 Offshore Angola - Statistics of Deepwater Blocks 70
7.2.2 Offshore Angola - Statistics of Deepwater Wells, by Individual Deepwater Block 71
7.2.3 Offshore Angola - Deepwater Drilling Expenditure ($bn), 2000-2011 81
7.2.4 Offshore Angola - Top Lease Holders, Deepwater Blocks, 2011 82
7.2.5 Angola - Proved Crude Oil and Natural Gas Reserves 82
8 Offshore Norway - Deepwater Exploration and Production Scenario 84
8.1 Offshore Norway - Deepwater Activity Regions 84
8.2 Offshore Norway - Key Deepwater Statistics and Information 84
8.2.1 Offshore Norway - Number of Production Licenses Awarded, by Year, 2000-2012 84
8.2.2 Offshore Norway - Production Licenses (Blocks) Awarded, by Year 85
8.2.3 Offshore Norway - Deepwater Drilling Expenditure ($bn), 2000-2011 103
8.2.4 Offshore Norway - Total Recoverable Potential of Hydrocarbons, March 2012 104
8.2.5 Offshore Norway - Total Recoverable Potential of Hydrocarbons, by Major Regions, March 2012 105
9 Offshore India - Deepwater Exploration and Production Scenario 107
9.1 Offshore India - Deepwater Activity Regions 107
9.2 Offshore India - Key Deepwater Statistics and Information 107
9.2.1 Offshore India - Total Deepwater Blocks Offered Through Licensing Rounds 107
9.2.2 Offshore India - Total Deepwater Blocks Awarded Through Licensing Rounds 107
9.2.3 Offshore India - Statistics of Deepwater Blocks Awarded, by Licensing Round 108
9.2.4 Offshore India - Number of Deepwater Discoveries, by NELP Licensing Round 112
9.2.5 Offshore India - Deepwater Drilling Expenditure ($bn), 2000-2011 112
10 Offshore Australia - Deepwater Exploration and Production Scenario 114
10.1 Offshore Australia - Deepwater Activity Regions 114
10.2 Offshore Australia - Key Statistics and Information 114
10.2.1 Offshore Australia - Hydrocarbon Exploration Acreage Release, 2011 114
10.2.2 Offshore Australia - Status of Total Exploration Permits Offered, 2000-2010 (Excluding State Waters and Joint Petroleum Development Area - JPDA) by Area (km2) and Number of Permits 115
10.2.3 Offshore Australia - Number of Exploration Companies with Equities in Offshore Exploration Permits, 2000-2010 (Excludes State Waters and Joint Petroleum Development Area - JPDA) 116
10.2.4 Offshore Australia - Award of Offshore Exploration Permits, 2000-2010 (Includes Re-released Areas, Excludes State Waters and JPDA) and Bids Received for Offshore Release & Re-release Areas, 1985-2010 (Excludes State Waters and JPDA) 117
10.2.5 Offshore Australia - Deepwater Basins, by Region, Area, and Water Depth 117
10.2.6 Offshore Australia - Deepwater Drilling Expenditure ($bn), 2000-2011 119
10.2.7 Offshore Australia - Hydrocarbon Production, 2000-2010 120
11 Offshore China - Deepwater Exploration and Production Scenario 121
11.1 Offshore China - Deepwater Activity Regions 121
11.2 Offshore China - Key Deepwater Statistics and Information 121
11.2.1 Offshore China - Deepwater Acreage Offered in 2011, by Deepwater Block Name 121
11.2.2 Offshore China - Net Proven Crude and Liquids Reserves (Million Barrels), China National Offshore Oil Corporation Limited (CNOOC Ltd.), by Deepwater Region 121
11.2.3 Offshore China - Net Proven Natural Gas Reserves (bcf), China National Offshore Oil Corporation Limited (CNOOC Ltd.), by Deepwater Region 122
11.2.4 Offshore China - Total Proven Hydrocarbon Reserves, China National Offshore Oil Corporation Limited, by Offshore Region 122
11.2.5 Offshore China - Net Production of Crude Oil and Liquids, China National Offshore Oil Corporation Limited, by Offshore Region 123
11.2.6 Offshore China - Net Production of Natural Gas, China National Offshore Oil Corporation Limited, by Offshore Region 123
11.2.7 Offshore China - Total Production of Hydrocarbons, China National Offshore Oil Corporation Limited, by Offshore Region 124
11.2.8 Offshore China - Deepwater Drilling Expenditure ($bn), 2000-2011 124
12 Appendix 126
12.1 Abbreviations 126
12.2 Market Definitions 126
12.3 Methodology 126
12.3.1 Coverage 127
12.3.2 Secondary Research 127
12.3.3 Primary Research 127
12.3.4 Expert Panel Validation 127
12.4 References 128
12.5 Contact Us 128
12.6 Disclaimer 128
1.1 List of Tables
Table 1: Statistics, Deepwater Projects - US Gulf of Mexico (USGOM) 15
Table 2: Statistics, Deepwater Projects - Brazil 22
Table 3: Statistics, Deepwater Projects - Angola 23
Table 4: Statistics, Deepwater Projects - India 24
Table 5: Statistics, Deepwater Projects - Australia 25
Table 6: Statistics, Deepwater Projects - China 26
Table 7: Statistics, Deepwater Projects - Norway 27
Table 8: US Gulf of Mexico (USGOM) - Sub-areas Planned for Exploration 30
Table 9: US Gulf of Mexico (USGOM) - Deepwater Leases Activated, by Water Depth 31
Table 10: US Gulf of Mexico - Deepwater Drilling Applications Approved, by Water Depth, 2000-2012 32
Table 11: US Gulf of Mexico (USGOM) - Deepwater Platforms Activated, by Water Depth 33
Table 12: US Gulf of Mexico (USGOM) - Deepwater Wells Drilled, by Water Depth 34
Table 13: US Gulf of Mexico (USGOM) - Deepwater Wells Producing, by Water Depth 34
Table 14: US Gulf of Mexico (USGOM) - Lease Area Issued (Acres) 35
Table 15: US Gulf of Mexico (USGOM) Average High Bid Per Acre ($) 35
Table 16: US Gulf of Mexico (USGOM) - Royalty Suspension Volume, Barrels of Oil Equivalent (Boe), by Water Depth Range 36
Table 17: US Gulf of Mexico (USGOM) - Royalty Relief Under the Outer Continental Shelf Deepwater Royalty Relief Act (OCS DWRRA) 36
Table 18: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Alaminos Canyon 37
Table 19: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Atwater Valley 38
Table 20: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), De Soto Canyon 39
Table 21: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), East Breaks 40
Table 22: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Ewing Bank 42
Table 23: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Garden Banks 43
Table 24: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Green Canyon 46
Table 25: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Keathley Canyon 53
Table 26: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Lloyd Ridge 53
Table 27: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Mississippi Canyon 54
Table 28: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Port Isabel 61
Table 29: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Viosca Knoll 61
Table 30: US Gulf of Mexico (USGOM), Deepwater Discoveries (Fields), Walker Ridge 63
Table 31: US Gulf of Mexico (USGOM) - Proved Deepwater Reserves, by Water Depth, 2009 64
Table 32: Offshore Brazil - Total Offshore Blocks Offered, 1999-2011 65
Table 33: Offshore Brazil - Deepwater Discoveries (Fields), Santos Basin 66
Table 34: Offshore Brazil - Deepwater Discoveries (Fields), Campos Basin 67
Table 35: Offshore Brazil - Deepwater Discoveries (Fields), Espirito Santo Basin 68
Table 36: Offshore Brazil - Total Deepwater Wells Drilled, 2000-2011 68
Table 37: Offshore Brazil - Deepwater Drilling Expenditure ($bn), 2000-2011 69
Table 38: Offshore Angola - Statistics of Deepwater Blocks, 2012 70
Table 39: E&P Activity Angola - List of Wells Available (for Acquisition), Block 5, 2012 71
Table 40: E&P Activity Angola - List of Wells Available (for Acquisition), Block 14, 2012 71
Table 41: E&P Activity Angola - List of Wells Available (for Acquisition), Block 15, 2012 73
Table 42: E&P Activity Angola - List of Wells Available (for Acquisition), Block 16, 2012 75
Table 43: E&P Activity Angola - List of Wells Available (for Acquisition), Block 17, 2012 76
Table 44: E&P Activity Angola - List of Wells Available (for Acquisition), Block 18, 2012 78
Table 45: E&P Activity Angola - List of Wells Available (for Acquisition), Block 19, 2012 78
Table 46: E&P Activity Angola - List of Wells Available (for Acquisition), Block 20, 2012 79
Table 47: E&P Activity Angola - List of Wells Available (for Acquisition), Block 21, 2012 79
Table 48: E&P Activity Angola - List of Wells Available (for Acquisition), Block 31, 2012 79
Table 49: E&P Activity Angola - List of Wells Available (for Acquisition), Block 32, 2012 80
Table 50: E&P Activity Angola - List of Wells Available (for Acquisition), Block 33, 2012 80
Table 51: E&P Activity Angola - List of Wells Available (for Acquisition), Block 34,, 2012 80
Table 52: Offshore Angola, Deepwater Drilling Expenditure ($bn), 2000-2011 81
Table 53: Offshore Angola - Top Lease Holders, Deepwater Blocks, 2011 82
Table 54: Angola - Crude Oil Proved Reserves (Billion Barrels), 2000-2010 82
Table 55: Angola - Natural Gas Proved Reserves (Thousand Barrels per Day), 2002-2010 83
Table 56: Offshore Norway - Production Licenses Awarded, by Year, 2000-2012 84
Table 57: Offshore Norway, Production Licenses Awarded, 2000 85
Table 58: Offshore Norway, Production Licenses Awarded, 2001 86
Table 59: Offshore Norway, Production Licenses Awarded, 2002 86
Table 60: Offshore Norway, Production Licenses Awarded, 2003 87
Table 61: Offshore Norway, Production Licenses Awarded, 2004 88
Table 62: Offshore Norway, Production Licenses Awarded, 2005 89
Table 63: Offshore Norway, Production Licenses Awarded, 2006 90
Table 64: Offshore Norway, Production Licenses Awarded, 2007 92
Table 65: Offshore Norway, Production Licenses Awarded, 2008 94
Table 66: Offshore Norway, Production Licenses Awarded, 2009 96
Table 67: Offshore Norway, Production Licenses Awarded, 2010 98
Table 68: Offshore Norway, Production Licenses Awarded, 2011 99
Table 69: Offshore Norway, Production Licenses Awarded, 2012 101
Table 70: Offshore Norway - Deepwater Drilling Expenditure ($bn), 2000-2011 103
Table 71: Offshore Norway - Recoverable Potential from Estimated Reserves, Crude Oil (Million Cubic Meters) 104
Table 72: Offshore Norway - Recoverable Potential from Estimated Reserves, Natural Gas (Billion Cubic Meters) 104
Table 73: North Sea - Total Recoverable Potential, Crude Oil (Million Cubic Meters) 105
Table 74: North Sea - Total Recoverable Potential, Natural Gas (Billion Cubic Meters) 105
Table 75: Norwegian Sea - Total Recoverable Potential, Crude Oil (Million Cubic Meters) 105
Table 76: Norwegian Sea - Total Recoverable Potential, Natural Gas (Billion Cubic Meters) 106
Table 77: Barents Sea - Total Recoverable Potential, Crude Oil (Million Cubic Meters) 106
Table 78: Barents Sea - Total Recoverable Potential, Natural Gas (Billion Cubic Meters) 106
Table 79: Offshore India - Total Deepwater Blocks Awarded Through Licensing Rounds 107
Table 80: Offshore India - Total Deepwater Blocks Awarded Through Licensing Rounds 107
Table 81: Offshore India - Deepwater Blocks Awarded Through NELP-I, 1999, by Block Name 108
Table 82: Offshore India - Deepwater Blocks Awarded Through NELP-II, 2001, by Block Name 108
Table 83: Offshore India - Deepwater Blocks Awarded Through NELP-III, 2002, by Block Name 109
Table 84: Offshore India - Deepwater Blocks Awarded Through NELP-IV, 2003, by Block Name 109
Table 85: Offshore India - Deepwater Blocks Awarded Through NELP-V, 2005, by Block Name 110
Table 86: Offshore India - Deepwater Blocks Awarded Through NELP-VI, 2007, by Block Name 110
Table 87: Offshore India - Deepwater Blocks Awarded Through NELP-VII, 2008, by Block Name 111
Table 88: Offshore India - Deepwater Blocks Awarded Through NELP-IV, 2003, by Block Name 111
Table 89: Offshore India - Number of Deepwater Discoveries, by NELP Licensing Round 112
Table 90: Offshore India - Deepwater Drilling Expenditure ($bn), 2000-2011 113
Table 91: Offshore Australia - Hydrocarbon Exploration Acreage Release, 2011 114
Table 92: Offshore Australia - Status of Total Exploration Permits Offered, 2000-2010 (Excluding State Waters and Joint Petroleum Development Area - JPDA) by Area (km2) and Number of Permits 115
Table 93: Offshore Australia - Number of Exploration Companies with Equities in Offshore Exploration Permits, 2000-2010 (excludes State Waters and Joint Petroleum Development Area - JPDA) 116
Table 94: Offshore Australia - Award of Offshore Exploration Permits, 2000-2010 (Includes Re-released Areas, Excludes State Waters and JPDA) and Bids Received for Offshore Release & Re-release Areas, 1985-2010 (Excludes State Waters and JPDA) 117
Table 95: Offshore Australia - Deepwater Basins, Offshore Eastern Australia 117
Table 96: Offshore Australia - Deepwater Basins, Offshore Northwest Australia 118
Table 97: Offshore Australia - Deepwater Basins, Offshore Southern Australia 118
Table 98: Offshore Australia - Deepwater Basins, Offshore Southwest Australia 118
Table 99: Offshore Australia - Deepwater Drilling Expenditure ($bn), 2000-2011 119
Table 100: Offshore Australia - Crude Oil Production (MMbbl), 2001-2010 120
Table 101: Offshore Australia - Natural Gas Production (bcf) by Offshore Basin, 2001-2010 120
Table 102: Offshore China - Deepwater Acreage Offered in 2011, by Deepwater Block Name 121
Table 103: Offshore China - Net Proven Crude and Liquids Reserves (Million Barrels), China National Offshore Oil Corporation Limited (CNOOC Ltd.), by Deepwater Region, 2007- 2011 121
Table 104: Offshore China - Net Proven Natural Gas Reserves (bcf), China National Offshore Oil Corporation Limited (CNOOC Ltd.), by Deepwater Region, 2007- 2011 122
Table 105: Offshore China - Total Net Proven Hydrocarbon Reserves (boe), China National Offshore Oil Corporation Limited, by Deepwater Region, 2007- 2011 122
Table 106: Offshore China - Net Production of Crude Oil and Liquids (Barrels/Day), China National Offshore Oil Corporation Limited (CNOOC Ltd.), by Deepwater Region, 2007- 2011 123
Table 107: Offshore China - Net Production of Natural Gas, China National Offshore Oil Corporation Limited, by Deepwater Region, 2007- 2011 123
Table 108: Offshore China - Total Production of Hydrocarbons, China National Offshore Oil Corporation Limited, by Deepwater Region, 2007- 2011 124
Table 109: Offshore China - Deepwater Drilling Expenditure ($bn), 2000-2011 125
Table 110: Abbreviations 126
1.2 List of Figures
Figure 1: Offshore Brazil - Deepwater Drilling Expenditure ($bn), 2000-2011 69
Figure 2: Offshore Angola, Deepwater Drilling Expenditure ($bn), 2000-2011 81
Figure 3: Offshore Norway - Deepwater Drilling Expenditure ($bn), 2000-2011 103
Figure 4: Offshore India - Deepwater Drilling Expenditure ($bn), 2000-2011 112
Figure 5: Offshore Australia - Deepwater Drilling Expenditure ($bn), 2000-2011 119
Figure 6: Offshore China - Deepwater Drilling Expenditure ($bn), 2000-2011 124
