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 natural gas assets (gas fields, LNG terminals, pipelines and underground gas storage terminals) in Ireland. The report also analyses the fiscal regime relevant to the natural gas 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 natural gas 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 gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage terminals in Ireland for the period 2000-2013.

• Operator and equity details for major natural gas 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 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. 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 energy market.

• Facilitate market analysis and forecasting of future industry trends.

• Evaluate the attractiveness of this geography for gas 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 gas assets.

• Assess your competitor’s major natural gas assets and their performance.

• Analyze the latest news and financial deals in the gas 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 gas 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, Natural Gas

2.1.1 Ireland Natural Gas, Overview

2.1.2 Ireland Natural Gas, Supply and Demand Balance

2.1.3 Ireland Natural Gas, Regulatory Structure

2.1.4 Ireland Natural Gas, 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 Gas 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 Gas Sector Performance

4.4.1 Exploration Activity

4.4.2 Gas Production

4.4.3 Gas Reserves

4.4.4 Consumption

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 Exploration and Production Sector

5.1 Ireland Exploration and Production Sector, Country Snapshot

5.1.1 Ireland Exploration and Production Sector, Key Data

5.1.2 Ireland Exploration and Production Sector, Assets Map

5.2 Ireland Exploration and Production Sector, Marketed Natural Gas Production

5.2.1 Ireland Exploration and Production Sector, Total Marketed Natural Gas-Historical Production

5.2.2 Ireland Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type

5.2.3 Ireland Exploration and Production Sector, Marketed Natural Gas Production by Assets

5.2.4 Ireland Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company

5.2.5 Ireland Exploration and Production Sector, Market Share based on Marketed Natural Gas Production

5.3 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasts

5.3.1 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasted Production

5.3.2 Ireland Exploration and Production Sector, Gross Revenue Forecast

5.3.3 Ireland Exploration and Production Sector, Government Take Forecast

5.3.4 Ireland Exploration and Production Sector, Contractor Take Forecast

5.4 Ireland Exploration And Production Sector, Natural Gas Asset Details

5.4.1 Ireland Exploration And Production Sector, Active Natural Gas Asset Details

5.4.2 Ireland Exploration And Production Sector, Planned Natural Gas Asset Details

5.5 Ireland, Major Natural Gas Discoveries, 2004-2009

5.5.1 Ireland, Natural Gas Discoveries by Year, 2004-2009

5.5.2 Ireland, Natural Gas Discovery Details, 2004-2009

5.6 Australia Exploration and Production Sector, Recent Discoveries

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

5.7 Australia Exploration and Production Sector, Drilling and Production Updates

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

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

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

 

6 Ireland Pipeline Sector

6.1 Ireland Pipeline Sector, Kay Data

6.2 Ireland Pipeline Sector, An Overview

6.3 Ireland Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies

6.4 Ireland, Natural Gas Pipelines

7 Ireland LNG Sector

7.1 Ireland LNG Sector, Overview

7.2 Ireland LNG Sector, Regasification

7.2.1 Ireland LNG Sector, Regasification, Total Regasification Capacity

7.2.2 Ireland LNG Sector, Regasification, Market Share By Company

7.2.3 Ireland LNG Sector, Regasification Capacity by Terminal

 

8 Ireland Underground Gas Storage Sector

8.1 Ireland Underground Gas Storage Sector, Key Data

8.2 Ireland Underground Gas Storage Sector, An Overview

8.3 Ireland Underground Gas Storage Sector, Market Share by Company

8.4 Ireland Underground Gas Storage Sector, Storage Capacity by Facility

9 Profile Of Marthon Oil Corporation

9.1 Marthon Oil Corporation, Key Information

9.2 Marthon Oil Corporation, Company Overview

9.3 Marthon Oil Corporation, Business Description

9.3.1 Business Overview

9.3.2 Exploration and Production

9.3.3 Integrated Gas

9.3.4 Oil Sands Mining

9.3.5 Refining, Marketing and Transportation

9.4 Marthon Oil Corporation, SWOT Analysis

9.4.1 Overview

9.4.2 Marathon Oil Corporation Strengths

9.4.3 Marathon Oil Corporation Weaknesses

9.4.4 Marathon Oil Corporation Opportunities

9.4.5 Marathon Oil Corporation Threats

 

10 Profile of Petroliam Nasional Berhad (PETRONAS)

10.1 Petroliam Nasional Berhad (PETRONAS), Key Information

10.2 Petroliam Nasional Berhad (PETRONAS), Company Overview

10.3 Petroliam Nasional Berhad (PETRONAS), Business Description

10.3.1 Business Overview

10.3.2 Exploration and Production Segment

10.3.3 Gas Business Segment

10.3.4 Logistics and Maritime Segment

10.3.5 Oil Business Segment

10.3.6 Petrochemicals Segment

10.3.7 Major Products and Services

10.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis

10.4.1 Overview

10.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths

10.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses

10.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities

10.4.5 Petroliam Nasional Berhad (PETRONAS) Threats

 

11 Profile of ConocoPhillips

11.1 ConocoPhillips, Key Information

11.2 ConocoPhillips, Company Overview

11.3 ConocoPhillips, Business Description

11.3.1 Business Overview

11.3.2 Chemicals Segment

11.3.3 Emerging Businesses Segment

11.3.4 Exploration and Production Segment

11.3.5 LUKOIL Investment

11.3.6 Midstream Segment

11.3.7 Refining, Marketing and Transportation

11.4 ConocoPhillips, SWOT Analysis

11.4.1 Overview

11.4.2 ConocoPhillips Strengths

11.4.3 ConocoPhillips Weaknesses

11.4.4 ConocoPhillips Opportunities

11.4.5 ConocoPhillips Threats

 

12 Ireland Gas Markets, Financial Deals Landscape

12.1 Detailed Deal Summary

12.1.1 Acquisition

12.1.2 Equity Offerings

12.1.3 Asset Transactions

 

13 Ireland Gas Markets, Recent Developments

13.1 License Awards

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

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

13.2 Strategy and Business Expansion

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

13.3 Other Significant Developments

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

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

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

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

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

13.3.6 Dec 10, 2009: Circle Oil Provides Operations Update

13.3.7 Dec 09, 2009: PetroNeft Resources Provides Operations Update

13.3.8 Dec 07, 2009: Maple Energy Announces Board Appointments

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

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

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

13.3.12 Aug 27, 2009: PetroNeft Provides Operations Update

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

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

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

13.3.16 Jul 01, 2009: Maple Energy Announces Launch Of MapleTV

13.3.17 Jun 29, 2009: Providence Resources To Begin Site Survey Work On Dunquin Acreage In Porcupine Basin, Ireland

13.3.18 Jun 25, 2009: EnCore Oil Provides Operational Update

13.3.19 Jun 23, 2009: Providence Resources Provides Operations Update

13.3.20 Jun 22, 2009: Providence Resources Begins Spanish Point 3D Seismic Survey In Ireland

 

14 Appendix

14.1 Methodology

14.1.1 Coverage

14.1.2 Secondary Research

14.1.3 Primary Research

14.1.4 E&P Forecasts

14.1.5 Midstream Forecasts

14.1.6 Expert Panel Validation

14.2 Contact Us

14.3 About GlobalData

14.4 Disclaimer

1.1 List of Tables

Table 1: Ireland, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020

Table 2: Ireland, Historical and Forecasted Imports of Natural Gas, Billion Cubic Feet, 1996-2020

Table 3: Ireland, Historical Reserves of Natural Gas, Billion Cubic Feet, 1996-2009

Table 4: Ireland, Annual Rental Rates, 2009

Table 5: Ireland, License Application Fees, 2009

Table 6: Ireland, PRRT Rate, 2009

Table 7: Ireland, Depreciation Rate, 2009

Table 8: Ireland, Base Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2009

Table 9: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010

Table 10: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010

Table 11: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010

Table 12: Western Europe, Investment Benchmarking, Economic Performance, March 2010

Table 13: Western Europe, Country Standings, Economic Performance, March 2010

Table 14: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010

Table 15: Western Europe, Country Standings, Socio-Political Performance, March 2010

Table 16: Ireland, Natural Gas Key Statistics, 2009

Table 17:Ireland, Total Marketed Natural Gas Production (MMcf), 2002-2009

Table 18:Ireland, Marketed Natural Gas Production by Type(MMcf), 2002-2009

Table 19:Ireland, Marketed Natural Gas Production (MMcf), by Assets, 2002-2009

Table 20:Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009

Table 21: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2002-2009

Table 22: Ireland, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2010-2015

Table 23: Ireland, Forecasted Assets-wise Gross Revenue(000'$), 2010-2015

Table 24: Ireland, Projected Assets-wise Total Government Take(000'$), 2010-2015

Table 25: Ireland, Projected Assets-wise Total Contractor Take(000'$), 2010-2015

Table 26:Ireland, Active Gas Field Details

Table 27:Ireland, Planned Gas Field Details

Table 28: Ireland, Number of Gas Discoveries, 2004-2009

Table 29: Ireland, Natural Gas Discovery Details, 2004-2009

Table 30: Ireland, Pipeline Key Statistics, 2009

Table 31: Ireland, Natural Gas Pipeline Length by Company (Km), 2009

Table 32: Ireland, Natural Gas Pipelines, 2009

Table 33: Ireland, Total Regasification Capacity (Bcf), 2000-2015

Table 34: Ireland, Regasification Capacity by Company (Bcf), 2000-2015

Table 35: Ireland, Regasification Capacity by Terminal (Bcf), 2000-2015

Table 36: Ireland Underground Gas Storage Key Statistics, 2009

Table 37: Ireland Underground Gas Storage Capacity by Company, 2009

Table 38: Ireland, Underground Gas Storage Capacity by Facility, 2009

Table 39:Marathon Oil Corporation, Key Facts

Table 40:Marathon Oil Corporation, SWOT Analysis

Table 41: Petroliam Nasional Berhad (PETRONAS), Key Facts

Table 42: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis

Table 43: ConocoPhillips, Key Facts

Table 44: ConocoPhillips, SWOT Analysis

Table 45: San Leon Energy To Acquire Island Oil & Gas

Table 46: Vermilion Energy Acquires Marathon International Petroleum Hibernia From Marathon Oil

Table 47: PSE Ireland Acquires Marathon Oil Ireland From Marathon Oil

Table 48: Iberdrola Acquires 22.64% Stake In Petroceltic International

Table 49: Providence Resources Announces Private Placement Of $22.48 Million

Table 50: PetroNeft Resources Announces Private Placement Of $27.47 Million

Table 51: San Leon Energy Completes Private Placement Of $10.36 Million

Table 52: Circle Oil Completes Private Placement Of $27.26 Million

Table 53: Island Oil & Gas Completes Private Placement Of $1.22 Million

Table 54: Providence Resources Announces Private Placement Of $23.33 Million

Table 55: Petrel Resources Completes Private Placement Of $2.78 Million

Table 56: Circle Oil Completes Private Placement Of $58.04 Million

Table 57: Petroceltic International Completes Private Placement

Table 58: PetroNeft Announces Private Placement Of $17.3 Million

Table 59: Exxon Mobil Plans To Farm-Out Dunquin Blocks In The Porcupine Basin

Table 60: Ramco Energy To Sell Its Oil And Gas Assets

Table 61: ExxonMobil Enters Into A Farm-Out Agreement With Eni

Table 62: Island Oil & Gas Plans To Sell Its Gas Storage Sites In Celtic Sea

Table 63: Providence Resources To Acquire 40% Interest In Kinsale Head Area And Seven Heads Field

Table 64: 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, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020

Figure 3: Ireland, Natural Gas Imports, Billion Cubic Feet, 1996-2020

Figure 4: Ireland, Natural Gas Reserves, Billion Cubic Feet, 1996-2009

Figure 5: Ireland, Full Field Economics, Sample Cash Flows, 1969-2030

Figure 6: Ireland, Full Field Economics, Government and Contractor Takes

Figure 7: Ireland, Full Field Economics, Post Tax Cash Flow vs Gross Revenue

Figure 8: Ireland, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates

Figure 9: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010

Figure 10: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010

Figure 11: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010

Figure 12: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010

Figure 13: Western Europe, Country Standings, Economic Performance, March 2010

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

Figure 15: Ireland, Natural Gas Assets Map, 2009

Figure 16: Ireland, Total Marketed Natural Gas Production (MMcf), 2002-2009

Figure 17: Ireland, Marketed Natural Gas Production by Type(MMcf), 2002-2009

Figure 18: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009

Figure 19: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2009

Figure 20: Ireland, Natural Gas Pipeline Length by Company (Km), 2009

Figure 21: Ireland, Total Regasification Capacity (Bcf), 2000-2015

Figure 22: GlobalData Methodology