Overview:

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Ireland. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Ireland. The report also analyses the fiscal regime relevant to the crude oil assets in Ireland and compares the investment environment in Ireland with other countries in the region. The profiles of the major companies operating in the crude oil sector in Ireland together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.

• Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Ireland for the period 2000-2013.

• Operator and equity details for major crude oil assets in Ireland.

• Key information relating to market regulations, key energy assets and the key companies operating in the Ireland’s energy industry.

• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.

• Information on the top companies in Ireland including business description, strategic analysis, and financial information. Key companies covered include Marthon Oil Corporation, Petroliam Nasional Berhad (PETRONAS) and ConocoPhillips

• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of Ireland’s oil market.

• Facilitate market analysis and forecasting of future industry trends.

• Evaluate the attractiveness of this geography for oil investment in the light of government policies and the fiscal environment.

• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.

• Understand Ireland’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.

• Assess your competitor’s major crude oil assets and their performance.

• Analyze the latest news and financial deals in the oil sector in Ireland.

• Develop strategies based on the latest operational, financial, and regulatory events.

• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.

• Identify and analyze the strengths and weaknesses of the leading companies in the Irish oil market.

Companies Mentioned

Marthon Oil Corporation
Petroliam Nasional Berhad (PETRONAS)
ConocoPhillips

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2 Ireland Energy Sector

2.1 Ireland Energy sector, Market Overview

2.2 Ireland Energy sector, Crude Oil

2.2.1 Ireland Crude Oil, Overview

2.2.2 Ireland Crude Oil, Supply and Demand Balance

2.2.3 Ireland Crude Oil, Regulatory Structure

2.2.4 Ireland Crude Oil, Infrastructure

 

3 Ireland Fiscal Regime

3.1 Ireland Petroleum Fiscal Environment

3.1.1 Governing Law

3.1.2 Licensing Authority

3.1.3 National Oil Company

3.1.4 Contract Type

3.1.5 State Participation

3.2 License Terms

3.2.1 Exploration

3.2.2 Production

3.3 Key Fiscal Terms

3.3.1 Royalty

3.3.2 Bonuses

3.3.3 Rentals

3.3.4 Fees

3.3.5 Taxation

3.3.6 Profit Resource Rent Tax (PRRT)

3.3.7 Deductions and Depreciation

3.3.8 Loss Carried Forward/Backward

3.3.9 Ring fencing

3.3.10 License Award Criteria

3.4 Ireland, Fiscal System - Economic Modeling Methodology

3.4.1 Economic Modeling Methodology

3.5 Ireland, Fiscal System - Sample Economics

3.6 Ireland, Fiscal System - Sample Asset Valuation

4 Ireland Oil Upstream Investment Environment Benchmarking

4.1 Introduction

4.2 The Overall Ranking

4.3 Upstream Fiscal Attractiveness

4.3.1 Maximum Government Take Index

4.3.2 Maximum State Participation

4.4 Oil Sector Performance

4.4.1 Exploration Activity

4.4.2 Oil Production

4.4.3 Oil Reserves

4.4.4 Consumption

4.4.5 Refining Industry

4.5 Economic Performance

4.5.1 GDP Growth Index

4.5.2 FDI Confidence Index

4.5.3 Balance of Trade Index

4.6 Socio-Political Performance

5 Ireland Refining Sector

5.1 Ireland Refining Sector, Key Data

5.2 Ireland Refining Sector, An Overview

5.2.1 Ireland Refining Sector, Total Refining Capacity

5.3 Ireland Refining Sector, Capacity- Wise Market Share by Company

5.4 Ireland Refining Sector, Crude Distillation Unit Capacity

5.5 Ireland Refining Sector, Refinery Maintenance Schedules

6 Ireland Oil and Chemicals Storage Sector

6.1 Ireland Oil and Chemicals Storage Sector, Key Data

6.2 Ireland Oil and Chemicals Storage Sector, An Overview

6.2.1 Ireland Oil and Chemicals Storage Sector, Total Storage Capacity

6.2.2 Ireland Oil and Chemicals Storage Sector, Storage Capacity by Area

6.3 Ireland Oil and Chemicals Storage Sector, Market Share by Company

6.4 Ireland Oil and Chemicals Storage Sector, Storage Capacity

7 Profile Of Marthon Oil Corporation

7.1 Marthon Oil Corporation, Key Information

7.2 Marthon Oil Corporation, Company Overview

7.3 Marthon Oil Corporation, Business Description

7.3.1 Business Overview

7.3.2 Exploration and Production

7.3.3 Integrated Gas

7.3.4 Oil Sands Mining

7.3.5 Refining, Marketing and Transportation

7.4 Marthon Oil Corporation, SWOT Analysis

7.4.1 Overview

7.4.2 Marathon Oil Corporation Strengths

7.4.3 Marathon Oil Corporation Weaknesses

7.4.4 Marathon Oil Corporation Opportunities

7.4.5 Marathon Oil Corporation Threats

 

8 Profile of Petroliam Nasional Berhad (PETRONAS)

8.1 Petroliam Nasional Berhad (PETRONAS), Key Information

8.2 Petroliam Nasional Berhad (PETRONAS), Company Overview

8.3 Petroliam Nasional Berhad (PETRONAS), Business Description

8.3.1 Business Overview

8.3.2 Exploration and Production Segment

8.3.3 Gas Business Segment

8.3.4 Logistics and Maritime Segment

8.3.5 Oil Business Segment

8.3.6 Petrochemicals Segment

8.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis

8.4.1 Overview

8.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths

8.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses

8.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities

8.4.5 Petroliam Nasional Berhad (PETRONAS) Threats

 

9 Profile of ConocoPhillips

9.1 ConocoPhillips, Key Information

9.2 ConocoPhillips, Company Overview

9.3 ConocoPhillips, Business Description

9.3.1 Business Overview

9.3.2 Chemicals Segment

9.3.3 Emerging Businesses Segment

9.3.4 Exploration and Production Segment

9.3.5 LUKOIL Investment

9.3.6 Midstream Segment

9.3.7 Refining, Marketing and Transportation

9.4 ConocoPhillips, SWOT Analysis

9.4.1 Overview

9.4.2 ConocoPhillips Strengths

9.4.3 ConocoPhillips Weaknesses

9.4.4 ConocoPhillips Opportunities

9.4.5 ConocoPhillips Threats

 

10 Financial Deals Landscape

10.1 Detailed Deal Summary

10.1.1 Acquisition

10.1.2 Equity Offerings

10.1.3 Asset Transactions

 

11 Recent Developments

11.1 License Awards

11.1.1 Dec 09, 2009: Ireland's CER To Grant Consent To Shannon LNG For Gas Pipeline Construction

11.1.2 Jul 21, 2009: Serica Energy Wins Frontier Exploration License In Ireland's Rockall Licensing Round

11.2 Strategy and Business Expansion

11.2.1 Feb 25, 2010: Providence Resources Signs Strategic Seismic Collaboration Agreement With PGS Ventures

11.3 Recent Discoveries

11.3.1 Jun 09, 2009: Serica Energy Encounters Oil At Bandon Well In Slyne Basin, Ireland

11.4 Drilling and Production Updates

11.4.1 Feb 16, 2010: Providence Resources Secures Exploration Authorization Over Baltimore Heavy Oil Discovery, Offshore Ireland

11.4.2 Jan 29, 2010: Atlantic Petroleum Provides Updates On Its Oil Production For 2009

11.4.3 Aug 12, 2009: Providence Resources To Enter Second Phase Of Dunquin License In Ireland

11.5 Other Significant Developments

11.5.1 Apr 08, 2010: Providence Resources Updates On Activities In Kish Bank Basin, Offshore Ireland

11.5.2 Feb 16, 2010: Shell Defers Startup Of Corrib Gas Project In Ireland To 2012-13

11.5.3 Feb 02, 2010: San Leon Energy Appoints Shaun Hennessey As Non Executive Director

11.5.4 Jan 27, 2010: PetroNeft Resources Appoints Karl D. Johnson As Vice President, Business Development And Operations

11.5.5 Jan 05, 2010: Petroceltic Appoints Dr. Robert J Arnott As Non-Executive Director

11.5.6 Dec 21, 2009: EnCore Oil Provides 2009 Activity Update

11.5.7 Dec 10, 2009: Circle Oil Provides Operations Update

11.5.8 Dec 09, 2009: PetroNeft Resources Provides Operations Update

11.5.9 Dec 07, 2009: Maple Energy Announces Board Appointments

11.5.10 Nov 25, 2009: Maple Energy's Chairman Jack Hanks Resigns

11.5.11 Oct 07, 2009: Providence Resources Provides Ireland Operations Update

11.5.12 Sep 22, 2009: Maple Energy Appoints Two New Directors

11.5.13 Aug 27, 2009: PetroNeft Provides Operations Update

11.5.14 Jul 30, 2009: Bord Gais Appoints Rose Hynes As Chairperson

11.5.15 Jul 28, 2009: Providence Resources Completes Spanish Point 3D Seismic Survey In Ireland

11.5.16 Jul 17, 2009: Atlantic Petroleum Announces Impairment Of Celtic Sea License SEL 2/07 In Ireland

 

12 Appendix

12.1 Methodology

12.1.1 Coverage

12.1.2 Secondary Research

12.1.3 Primary Research

12.1.4 E&P Forecasts

12.1.5 Midstream Forecasts

12.1.6 Expert Panel Validation

12.2 Contact Us

12.3 About GlobalData

12.4 Disclaimer

1.1 List of Tables

Table 1: Ireland, Historical and Forecasted Production and Consumption of Crude Oil, Thousand Barrels Per Day, 1996-2020

Table 2: Ireland, Historical and Forecasted Imports and Exports of Crude Oil, Thousand Barrels Per Day, 1996-2020

Table 3: Ireland, Annual Rental Rates, 2009

Table 4: Ireland, License Application Fees, 2009

Table 5: Ireland, PRRT Rate, 2009

Table 6: Ireland, Depreciation Rate, 2009

Table 7: Ireland, Base Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2009

Table 8: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010

Table 9: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010

Table 10: Western Europe, Investment Benchmarking, Oil Sector Performance, March 2010

Table 11: Western Europe, Investment Benchmarking, Economic Performance, March 2010

Table 12: Western Europe, Country Standings, Economic Performance, March 2010

Table 13: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010

Table 14: Western Europe, Country Standings, Socio-Political Performance, March 2010

Table 15: Ireland, Refinery Key Statistics, 2009

Table 16:Ireland, Total Refining Capacity (MMTPA), 2000- 2013

Table 17: Ireland, Refining Capacity Company-wise (MMTPA), 2000-2013

Table 18: Ireland, Crude Distillation Unit Capacity in Ireland (MMTPA), 2000-2013

Table 19: Ireland, Refinery Maintenance Schedules, 2005-10

Table 20: Ireland, Oil Storage Key Statistics, 2009

Table 21:Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013

Table 22: Ireland, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013

Table 23: Ireland, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013

Table 24:Marathon Oil Corporation, Key Facts

Table 25:Marathon Oil Corporation, SWOT Analysis

Table 26: Petroliam Nasional Berhad (PETRONAS), Key Facts

Table 27: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis

Table 28: ConocoPhillips, Key Facts

Table 29: ConocoPhillips, SWOT Analysis

Table 30: San Leon Energy To Acquire Island Oil & Gas

Table 31: Vermilion Energy Acquires Marathon International Petroleum Hibernia From Marathon Oil

Table 32: PSE Ireland Acquires Marathon Oil Ireland From Marathon Oil

Table 33: Providence Resources Announces Private Placement Of $22.48 Million

Table 34: PetroNeft Resources Announces Private Placement Of $27.47 Million

Table 35: San Leon Energy Completes Private Placement Of $10.36 Million

Table 36: Circle Oil Completes Private Placement Of $27.26 Million

Table 37: Island Oil & Gas Completes Private Placement Of $1.22 Million

Table 38: Providence Resources Announces Private Placement Of $23.33 Million

Table 39: Petrel Resources Completes Private Placement Of $2.78 Million

Table 40: Exxon Mobil Plans To Farm-Out Dunquin Blocks In The Porcupine Basin

Table 41: Ramco Energy To Sell Its Oil And Gas Assets

Table 42: ExxonMobil Enters Into A Farm-Out Agreement With Eni

Table 43: Providence Resources To Acquire 40% Interest In Kinsale Head Area And Seven Heads Field

Table 44: Petronas Completed Acquisition Of Kinsale Head gas field From Marathon Oil

1.2 List of Figures

Figure 1: Ireland, Energy Sector Split by Fuel Type, 2009

Figure 2: Ireland, Crude Oil Consumption, Thousand Barrels Per Day, 1996-2020

Figure 3: Ireland, Historical and Forecasted Imports and Exports of Crude Oil, Thousand Barrels Per Day, 1996-2020

Figure 4: Ireland, Full Field Economics, Sample Cash Flows, 1969-2030

Figure 5: Ireland, Full Field Economics, Government and Contractor Takes

Figure 6: Ireland, Full Field Economics, Post Tax Cash Flow vs Gross Revenue

Figure 7: Ireland, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates

Figure 8: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010

Figure 9: Western Europe, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, March 2010

Figure 10: Western Europe, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, March 2010

Figure 11: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010

Figure 12: Western Europe, Country Standings, Economic Performance, March 2010

Figure 13: Western Europe, Country Standings, Socio-Political Performance, March 2010

Figure 14: Ireland, Total Refining Capacity (MMTPA), 2000- 2013

Figure 15: Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013

Figure 16: Ireland, Oil and Chemicals Storage Capacity Share by Area (%), 2009

Figure 17: Ireland, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013

Figure 18: GlobalData Methodology