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 1995-2020.
 -Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Ireland for the period 1995-2020.
 -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 the Ireland including business description, strategic analysis, and financial information.
 -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 the country’s energy market.
 -Facilitate market analysis and forecasting of future industry trends.
 -Evaluate the attractiveness of the 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 the geography’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 of each country.
 -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 country.

 1 Table of Contents 2
 1.1 List of Tables 7
 1.2 List of Figures 9
 2 Ireland Energy Sector 10
 2.1 Ireland Energy sector, Market Overview 10
 2.2 Ireland Energy sector, Crude Oil 11
 2.2.1 Ireland Crude Oil, Overview 11
 2.2.2 Ireland Crude Oil, Supply and Demand Balance 11
 2.2.3 Ireland Crude Oil, Regulatory Structure 15
 2.2.4 Ireland Crude Oil, Infrastructure 16
 3 Ireland Fiscal Regime 17
 3.1 Ireland Petroleum Fiscal Environment 17
 3.2 License Terms 17
 3.3 Key Fiscal Terms 20
 3.4 Sample Cashflows Calculations 23
 4 Ireland Oil Upstream Investment Environment Benchmarking 24
 4.1 Introduction 24
 4.2 The Overall Ranking 24
 4.3 Upstream Fiscal Attractiveness 25
 4.3.1 Maximum Government Take Index 26
 4.3.2 Maximum State Participation 26
 4.4 Oil Sector Performance 27
 4.4.1 Exploration Activity 29
 4.4.2 Oil Production 30
 4.4.3 Oil Reserves 30
 4.4.4 Consumption 30
 4.4.5 Refining Industry 31
 4.5 Economic Performance 31
 4.5.1 GDP Growth Index 33
 4.5.2 FDI Confidence Index 33
 4.5.3 Balance of Trade Index 33
 4.6 Socio-Political Performance 33
 5 Ireland Refining Sector 36
 5.1 Ireland Refining Sector, Key Data 36
 5.2 Ireland Refining Sector, An Overview 36
 5.2.1 Ireland Refining Sector, Total Refining Capacity 36
 5.3 Ireland Refining Sector, Capacity- Wise Market Share by Company 37
 5.4 Ireland Refining Sector, Crude Distillation Unit Capacity 38
 6 Ireland Oil and Chemicals Storage Sector 39
 6.1 Ireland Oil and Chemicals Storage Sector, Key Data 39
 6.2 Ireland Oil and Chemicals Storage Sector, An Overview 39
 6.2.1 Ireland Oil and Chemicals Storage Sector, Total Storage Capacity 39
 6.3 Ireland Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 41
 6.4 Ireland Oil and Chemicals Storage Sector, Storage Capacity 42
 7 Profile of Marathon Oil Corporation 43
 7.1 Marathon Oil Corporation, Key Information 43
 7.2 Marathon Oil Corporation, Company Overview 43
 7.3 Marathon Oil Corporation, Business Description 43
 7.3.1 Marathon Oil Corporation, Business Description, Business Overview 43
 7.3.2 Marathon Oil Corporation, Business Description, Exploration and Production 44
 7.3.3 Marathon Oil Corporation, Business Description, Integrated Gas 45
 7.3.4 Marathon Oil Corporation, Business Description, Oil Sands Mining 46
 7.3.5 Marathon Oil Corporation, Business Description, Refining, Marketing and Transportation 47
 7.3.6 Marathon Oil Corporation, Business Description, Major Products and Services 48
 7.4 Marathon Oil Corporation, Value Chain Analysis 49
 7.4.1 Marathon Oil Corporation, Value Chain Analysis, Upstream 49
 7.4.2 Marathon Oil Corporation, Value Chain Analysis, Midstream 50
 7.4.3 Marathon Oil Corporation, Value Chain Analysis, Downstream 51
 7.4.4 Marathon Oil Corporation, Value Chain Analysis, Retail 51
 7.5 Marathon Oil Corporation, SWOT Analysis 52
 7.5.1 Marathon Oil Corporation, SWOT Analysis, Overview 52
 7.5.2 Marathon Oil Corporation, SWOT Analysis, Strengths 53
 7.5.3 Marathon Oil Corporation, SWOT Analysis, Weaknesses 54
 7.5.4 Marathon Oil Corporation, SWOT Analysis, Opportunities 55
 7.5.5 Marathon Oil Corporation, SWOT Analysis, Threats 55
 7.6 Marathon Oil Corporation, Revenue Analysis 56
 7.6.1 Marathon Oil Corporation, Revenue by Segment 56
 7.6.2 Marathon Oil Corporation, Revenue by Geography 57
 7.7 Marathon Oil Corporation, Financial and Operational Review 58
 7.7.1 Financial Statements 58
 7.7.2 Financial Ratios 59
 8 Profile of Ramco Energy plc 60
 8.1 Ramco Energy plc, Key Information 60
 8.2 Ramco Energy plc, Company Overview 60
 8.3 Ramco Energy plc, Financial Performance 60
 8.4 Ramco Energy plc, Business Description 60
 8.4.1 Ramco Energy plc, Business Description, Business Overview 60
 8.4.2 Ramco Energy plc, Business Description, Major Products and Services 61
 8.5 Ramco Energy plc, SWOT Analysis 61
 8.5.1 Ramco Energy plc, SWOT Analysis, Overview 61
 8.5.2 Ramco Energy plc, SWOT Analysis, Strengths 62
 8.5.3 Ramco Energy plc, SWOT Analysis, Weaknesses 63
 8.5.4 Ramco Energy plc, SWOT Analysis, Opportunities 64
 8.5.5 Ramco Energy plc, SWOT Analysis, Threats 64
 9 Profile of Exxon Mobil Corporation 66
 9.1 Exxon Mobil Corporation, Key Information 66
 9.2 Exxon Mobil Corporation, Company Overview 66
 9.3 Exxon Mobil Corporation, Business Description 66
 9.3.1 Exxon Mobil Corporation, Business Description, Overview 66
 9.3.2 Exxon Mobil Corporation, Business Description, Chemical 66
 9.3.3 Exxon Mobil Corporation, Business Description, Downstream 68
 9.3.4 Exxon Mobil Corporation, Business Description, Upstream 70
 9.4 Exxon Mobil Corporation, Value Chain Analysis 72
 9.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 72
 9.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 73
 9.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 74
 9.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 74
 9.5 Exxon Mobil Corporation, SWOT Analysis 74
 9.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 74
 9.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 75
 9.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 77
 9.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 79
 9.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 80
 9.6 Exxon Mobil Corporation, Revenue Analysis 82
 9.6.1 Exxon Mobil Corporation, Revenue by Segment 82
 9.6.2 Exxon Mobil Corporation, Revenue by Geography 82
 9.7 Exxon Mobil Corporation, Financial and Operational Review 84
 9.7.1 Financial Statements 84
 9.7.2 Financial Ratios 85
 10 Ireland Gas Market, Financial Deals Landscape 86
 10.1 Detailed Deal Summary 86
 10.1.1 Acquisition 86
 10.1.2 Equity Offerings 88
 10.1.3 Debt Offerings 91
 10.1.4 Partnerships 92
 10.1.5 Asset Transactions 93
 11 Ireland Gas Market, Recent Developments 101
 11.1 License Rounds 101
 11.1.1 Jul 08, 2008: Irish Minister Extends Exploration Area For 2009 Rockall Licensing Round 101
 11.1.2 Jun 11, 2008: Ireland To Conduct Rockall Frontier Licensing Round In 2009 101
 11.2 License Awards 102
 11.2.1 Nov 24, 2008: Ireland Opens New Licensing Round For Oil And Gas Exploration 102
 11.2.2 Aug 15, 2008: Providence Wins Licensing Option In Kish Bank Basin, Offshore Dublin 102
 11.2.3 Jul 14, 2008: Island Receives New Licensing Option In North Celtic Sea Basin 103
 11.2.4 Jul 02, 2008: Petroceltic Wins Nine Exclusive Exploration Permits In Central Adriatic Offshore Italy 104
 11.3 Recent Discoveries 105
 11.3.1 Jul 17, 2008: Aminex Updtes On Tanzanian Exploration Activities 105
 11.3.2 Apr 07, 2008: Providence Announces New Gas Discovery In Galveston Island 107
 11.3.3 Mar 17, 2008: Aminex Discovers Gas In Tanzania 107
 11.4 Drilling and Production Updates 108
 11.4.1 Oct 22, 2008: PetroNeft Updates On Lineynoye And West Lineynoye Fields Reserves 108
 11.4.2 Sep 07, 2008: Atlantic Spuds 22/2a-16 South Chestnut Well On UK License P354 And Dunmore 50/6-4 Well On SEL 2/07 In Ireland 109
 11.4.3 Sep 05, 2008: Providence Commences Drilling On Standard Exploration License 2/07 In North Celtic Sea Basin, Ireland 109
 11.4.4 Aug 26, 2008: Providence Hooks Head Well At Celtic Sea Basin, Ireland 110
 11.5 Financial Announcements 111
 11.5.1 Oct 07, 2008: Island Reports 2008 Year End Results 111
 11.5.2 Sep 30, 2008: PetroNeft Declares 1H 2008 Results 114
 11.5.3 Sep 29, 2008: Circle Oil Declares 1H 2008 Results 116
 11.5.4 Sep 26, 2008: Petrel Reports 1H 2008 Results 118
 11.5.5 Sep 25, 2008: Pan Andean Reports Fiscal 2008 Results 119
 11.6 Other Significant Developments 122
 11.6.1 Jan 20, 2009: Serica Provides Operational Update 122
 11.6.2 Oct 01, 2008: Island Appoints New CFO And Executive Director 123
 11.6.3 Sep 19, 2008: Circle Oil's Business Development Director Resigns 124
 11.6.4 Sep 17, 2008: Providence Appoints Finance Director 124
 11.6.5 Sep 16, 2008: Island Appoints Non-Executive Director 125
 11.7 New Contracts Announcements 125
 11.7.1 Apr 01, 2008: Island Extends Reconnaissance Contract In Morocco 125
 11.7.2 Feb 20, 2008: Petrel Renews Agreements With Iraq 126
 12 Appendix 127
 12.1 Methodology 127
 12.1.1 Coverage 127
 12.1.2 Secondary Research 128
 12.1.3 Primary Research 128
 12.1.4 E&P Forecasts 129
 12.1.5 Midstream Forecasts 130
 12.1.6 Expert Panel Validation 130
 12.2 Contact Us 131
 12.3 About GlobalData 131
 12.4 Disclaimer 131
 
 1.1 List of Tables
 Table 1: Ireland, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 12
 Table 2: Ireland, Historical and Forecasted Import of Crude Oil, 1996-2020 14
 Table 3: Ireland, Annual Rental Rates, 2007 21
 Table 4: Ireland, License Application Fees, 2007 21
 Table 5: Western Europe, Investment Benchmarking, Overall Country Rankings, 2008 24
 Table 6: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 25
 Table 7: Western Europe, Investment Benchmarking, Oil Sector Performance, 2008 27
 Table 8: Western Europe, Investment Benchmarking, Economic Performance, 2008 31
 Table 9: Western Europe, Country Standings, Economic Performance, 2008 32
 Table 10: Western Europe, Investment Benchmarking, Socio-Political Performance, 2008 34
 Table 11: Western Europe, Country Standings, Socio-Political Performance, 2008 34
 Table 12: Ireland, Refinery Key Statistics, 2008 36
 Table 13: Ireland, Total Refining Capacity (MMTPA), 2000- 2013 36
 Table 14: Ireland, Refining Capacity Company-wise (MMTPA), 2000-2013 37
 Table 15: Ireland, Crude Distillation Unit Capacity in Ireland (MMTPA), 2000-2013 38
 Table 16: Ireland, Oil Storage Key Statistics, 2008 39
 Table 17: Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 39
 Table 18: Ireland, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 41
 Table 19: Ireland, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 42
 Table 20: Marathon Oil Corporation, Key Facts 43
 Table 21: Marathon Oil Corporation, SWOT Analysis 53
 Table 22: Marathon Oil Corporation, Revenue by Segment, USD Million, 2003-2007 57
 Table 23: Marathon Oil Corporation, Revenue by Geography, USD Million, 2003-2007 57
 Table 24: Marathon Oil Corporation, Financial Statements, USD Million, 2003-2007 58
 Table 25: Marathon Oil Corporation, Financial Ratios, USD Million, 2003-2007 59
 Table 26: Ramco Energy plc, Key Facts 60
 Table 27: Ramco Energy plc, SWOT Analysis 62
 Table 28: Exxon Mobil Corporation, Key Facts 66
 Table 29: Exxon Mobil Corporation, SWOT Analysis 75
 Table 30: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 82
 Table 31: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 83
 Table 32: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 84
 Table 33: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 85
 Table 34: Star Energy Oil To Acquire Marathon Oil Ireland From Marathon Oil 86
 Table 35: Iberdrola Acquires 22.64% Stake In Petroceltic International 87
 Table 36: Circle Oil Completes Private Placement Of $58.04 Million 88
 Table 37: Petroceltic International Completes Private Placement 89
 Table 38: PetroNeft Announces Private Placement Of $17.3 Million 90
 Table 39: Providence Resources Announces Debt Offering Of $66.04 Million 91
 Table 40: PetroNeft Resources Enters Into A Partnership With Arawak Energy 92
 Table 41: RWE Dea To Acquire 50% Non-operated Working Interest In Licence PEL 01/06 93
 Table 42: Marathon Oil To Sell Irish Assets 94
 Table 43: Serica Energy Farms Out PEL 01/06 Licence In Ireland 95
 Table 44: OMV Acquires 50% Interest In Ireland FEL 3/05 96
 Table 45: Providence Resources And Sosina Exploration To Sell 30% Interest In Spanish Point Discovery 97
 Table 46: Lansdowne To Farm-Out An Area Of Standard Exploration License To Island Oil and Gas 98
 Table 47: Supernova Ireland Resources Acquires 10% Interest In Frontier Exploration License 1/04 From Island Oil & Gas 99
 Table 48: Island Oil & Gas To Acquire Assets From Marathon Oil 100
 
 1.2 List of Figures
 Figure 1: Ireland, Energy Sector break-up, 2008 10
 Figure 2: Ireland, Crude Oil Consumption, Thousand Barrels Per Day, 1996-2020 13
 Figure 3: Ireland, Historical and Forecasted Import of Crude Oil, 1996-2020 15
 Figure 4: Western Europe, Country Standings, Upstream Fiscal Attractiveness, 2008 26
 Figure 5: Western Europe, Country Standings, Oil Sector Performance, 2008 28
 Figure 6: Western Europe, Country Standings, Oil Sector Performance, 2008 (Contd.) 29
 Figure 7: Western Europe, Country Standings, Exploration Blocks Awarded, 2008 30
 Figure 8: Western Europe, Country Standings, Economic Performance, 2008 32
 Figure 9: Western Europe, Country Standings, Socio-Political Performance, 2008 35
 Figure 10: Ireland, Total Refining Capacity (MMTPA), 2000- 2013 37
 Figure 11: Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 40
 Figure 12: Ireland, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 41
 Figure 13: Marathon Oil Corporation, Value Chain Analysis 49
 Figure 14: Exxon Mobil Corporation, Value Chain Analysis 72
 Figure 15: GlobalData Methodology 127