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, pipelines, LNG terminals and underground gas storage facilities) 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 1995-2020.
 -Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage facilities in Ireland for the period 1995-2020.
 -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, 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 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 the geography’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 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 8
 1.2 List of Figures 10
 2 Ireland Energy Sector 11
 2.1 Ireland Energy sector, Market Overview 11
 2.2 Ireland Energy Sector, Natural Gas 12
 2.2.1 Ireland Natural Gas, Overview 12
 2.2.2 Ireland Natural Gas, Supply and Demand Balance 12
 2.2.3 Ireland Natural Gas, Regulatory Structure 18
 2.2.4 Ireland Natural Gas, Infrastructure 19
 3 Ireland Fiscal Regime 20
 3.1 Ireland Petroleum Fiscal Environment 20
 3.2 License Terms 20
 3.3 Key Fiscal Terms 23
 3.4 Sample Cashflows Calculations 26
 4 Ireland Gas Upstream Investment Environment Benchmarking 27
 4.1 Introduction 27
 4.2 The Overall Ranking 27
 4.3 Upstream Fiscal Attractiveness 28
 4.3.1 Maximum Government Take Index 29
 4.3.2 Maximum State Participation 29
 4.4 Gas Sector Performance 30
 4.4.1 Exploration Activity 32
 4.4.2 Gas Production 33
 4.4.3 Gas Reserves 33
 4.4.4 Consumption 33
 4.5 Economic Performance 34
 4.5.1 GDP Growth Index 36
 4.5.2 FDI Confidence Index 36
 4.5.3 Balance of Trade Index 36
 4.6 Socio-Political Performance 37
 5 Ireland Exploration and Production Sector 40
 5.1 Ireland Exploration and Production Sector, Country Snapshot 40
 5.1.1 Ireland Exploration and Production Sector, Key Data 40
 5.1.2 Ireland Exploration and Production Sector, Assets Map 41
 5.2 Ireland Exploration and Production Sector, Marketed Natural Gas Production 42
 5.2.1 Ireland Exploration and Production Sector, Marketed Natural Gas-Historical Production 42
 5.2.2 Ireland Exploration and Production Sector, Marketed Natural Gas Production by Assets 43
 5.2.3 Ireland Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 43
 5.2.4 Ireland Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 44
 5.3 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasts 45
 5.3.1 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasted Production 45
 5.3.2 Ireland Exploration and Production Sector, Gross Revenue Forecast 46
 5.3.3 Ireland Exploration and Production Sector, Government Take Forecast 46
 5.3.4 Ireland Exploration and Production Sector, Contractor Take Forecast 46
 5.4 Ireland Exploration And Production Sector, Natural Gas Asset Details 47
 5.4.1 Ireland Exploration And Production Sector, Active Natural Gas Asset Details 47
 5.4.2 Ireland Exploration And Production Sector, Planned Natural Gas Asset Details 47
 6 Ireland Pipeline Sector 48
 6.1 Ireland Pipeline Sector, Kay Data 48
 6.2 Ireland Pipeline Sector, An Overview 48
 6.3 Ireland Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 49
 6.4 Ireland, Natural Gas Pipelines 50
 7 Ireland LNG Sector 51
 7.1 Ireland LNG Sector, Key Data 51
 7.2 Ireland LNG Sector, Regasification 51
 7.2.1 Ireland LNG Sector, Regasification, Total Regasification Capacity 51
 7.2.2 Ireland LNG Sector, Regasification, Capacity-Wise Market Share By Company 52
 7.2.3 Ireland LNG Sector, Regasification, Asset Wise Capacity 53
 8 Ireland Underground Gas Storage Sector 54
 8.1 Ireland Underground Gas Storage Sector, Key Data 54
 8.2 Ireland Underground Gas Storage Sector, An Overview 54
 8.3 Ireland Underground Gas Storage Sector, Capacity-Wise Market Share by Company 54
 8.4 Ireland Underground Gas Storage Sector, Asset Wise Storage Capacity 55
 9 Profile of Marathon Oil Corporation 56
 9.1 Marathon Oil Corporation, Key Information 56
 9.2 Marathon Oil Corporation, Company Overview 56
 9.3 Marathon Oil Corporation, Business Description 56
 9.3.1 Marathon Oil Corporation, Business Description, Business Overview 56
 9.3.2 Marathon Oil Corporation, Business Description, Exploration and Production 57
 9.3.3 Marathon Oil Corporation, Business Description, Integrated Gas 58
 9.3.4 Marathon Oil Corporation, Business Description, Oil Sands Mining 59
 9.3.5 Marathon Oil Corporation, Business Description, Refining, Marketing and Transportation 60
 9.3.6 Marathon Oil Corporation, Business Description, Major Products and Services 61
 9.4 Marathon Oil Corporation, Value Chain Analysis 62
 9.4.1 Marathon Oil Corporation, Value Chain Analysis, Upstream 62
 9.4.2 Marathon Oil Corporation, Value Chain Analysis, Midstream 63
 9.4.3 Marathon Oil Corporation, Value Chain Analysis, Downstream 64
 9.4.4 Marathon Oil Corporation, Value Chain Analysis, Retail 64
 9.5 Marathon Oil Corporation, SWOT Analysis 65
 9.5.1 Marathon Oil Corporation, SWOT Analysis, Overview 65
 9.5.2 Marathon Oil Corporation, SWOT Analysis, Strengths 66
 9.5.3 Marathon Oil Corporation, SWOT Analysis, Weaknesses 67
 9.5.4 Marathon Oil Corporation, SWOT Analysis, Opportunities 68
 9.5.5 Marathon Oil Corporation, SWOT Analysis, Threats 68
 9.6 Marathon Oil Corporation, Revenue Analysis 69
 9.6.1 Marathon Oil Corporation, Revenue by Segment 69
 9.6.2 Marathon Oil Corporation, Revenue by Geography 70
 9.7 Marathon Oil Corporation, Financial and Operational Review 71
 9.7.1 Financial Statements 71
 9.7.2 Financial Ratios 72
 10 Profile of Ramco Energy plc 73
 10.1 Ramco Energy plc, Key Information 73
 10.2 Ramco Energy plc, Company Overview 73
 10.3 Ramco Energy plc, Financial Performance 73
 10.4 Ramco Energy plc, Business Description 73
 10.4.1 Ramco Energy plc, Business Description, Business Overview 73
 10.4.2 Ramco Energy plc, Business Description, Major Products and Services 74
 10.5 Ramco Energy plc, SWOT Analysis 75
 10.5.1 Ramco Energy plc, SWOT Analysis, Overview 75
 10.5.2 Ramco Energy plc, SWOT Analysis, Strengths 75
 10.5.3 Ramco Energy plc, SWOT Analysis, Weaknesses 76
 10.5.4 Ramco Energy plc, SWOT Analysis, Opportunities 77
 10.5.5 Ramco Energy plc, SWOT Analysis, Threats 78
 11 Profile of Exxon Mobil Corporation 79
 11.1 Exxon Mobil Corporation, Key Information 79
 11.2 Exxon Mobil Corporation, Company Overview 79
 11.3 Exxon Mobil Corporation, Business Description 79
 11.3.1 Exxon Mobil Corporation, Business Description, Overview 79
 11.3.2 Exxon Mobil Corporation, Business Description, Chemical 79
 11.3.3 Exxon Mobil Corporation, Business Description, Downstream 81
 11.3.4 Exxon Mobil Corporation, Business Description, Upstream 83
 11.4 Exxon Mobil Corporation, Value Chain Analysis 85
 11.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 85
 11.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 86
 11.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 87
 11.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 87
 11.5 Exxon Mobil Corporation, SWOT Analysis 87
 11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 87
 11.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 88
 11.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 90
 11.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 92
 11.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 93
 11.6 Exxon Mobil Corporation, Revenue Analysis 95
 11.6.1 Exxon Mobil Corporation, Revenue by Segment 95
 11.6.2 Exxon Mobil Corporation, Revenue by Geography 95
 11.7 Exxon Mobil Corporation, Financial and Operational Review 97
 11.7.1 Financial Statements 97
 11.7.2 Financial Ratios 98
 12 Ireland Gas Market, Financial Deals Landscape 99
 12.1 Detailed Deal Summary 99
 12.1.1 Acquisition 99
 12.1.2 Equity Offerings 101
 12.1.3 Debt Offerings 105
 12.1.4 Partnerships 106
 12.1.5 Asset Transactions 107
 13 Ireland Gas Market, Recent Developments 115
 13.1 License Rounds 115
 13.1.1 Jul 08, 2008: Irish Minister Extends Exploration Area For 2009 Rockall Licensing Round 115
 13.1.2 Jun 11, 2008: Ireland To Conduct Rockall Frontier Licensing Round In 2009 115
 13.2 License Awards 116
 13.2.1 Nov 24, 2008: Ireland Opens New Licensing Round For Oil And Gas Exploration 116
 13.2.2 Aug 15, 2008: Providence Wins Licensing Option In Kish Bank Basin, Offshore Dublin 116
 13.2.3 Jul 14, 2008: Island Receives New Licensing Option In North Celtic Sea Basin 117
 13.2.4 Jul 02, 2008: Petroceltic Wins Nine Exclusive Exploration Permits In Central Adriatic Offshore Italy 118
 13.3 Recent Discoveries 119
 13.3.1 Jul 17, 2008: Aminex Updtes On Tanzanian Exploration Activities 119
 13.3.2 Apr 07, 2008: Providence Announces New Gas Discovery In Galveston Island 121
 13.3.3 Mar 17, 2008: Aminex Discovers Gas In Tanzania 121
 13.4 Drilling and Production Updates 122
 13.4.1 Oct 22, 2008: PetroNeft Updates On Lineynoye And West Lineynoye Fields Reserves 122
 13.4.2 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 123
 13.4.3 Sep 05, 2008: Providence Commences Drilling On Standard Exploration License 2/07 In North Celtic Sea Basin, Ireland 123
 13.4.4 Aug 26, 2008: Providence Hooks Head Well At Celtic Sea Basin, Ireland 124
 13.5 Financial Announcements 125
 13.5.1 Oct 07, 2008: Island Reports 2008 Year End Results 125
 13.5.2 Sep 30, 2008: PetroNeft Declares 1H 2008 Results 128
 13.5.3 Sep 29, 2008: Circle Oil Declares 1H 2008 Results 130
 13.5.4 Sep 26, 2008: Petrel Reports 1H 2008 Results 132
 13.5.5 Sep 25, 2008: Pan Andean Reports Fiscal 2008 Results 133
 13.6 Other Significant Developments 136
 13.6.1 Jan 20, 2009: Serica Provides Operational Update 136
 13.6.2 Oct 01, 2008: Island Appoints New CFO And Executive Director 137
 13.6.3 Sep 19, 2008: Circle Oil's Business Development Director Resigns 138
 13.6.4 Sep 17, 2008: Providence Appoints Finance Director 138
 13.6.5 Sep 16, 2008: Island Appoints Non-Executive Director 139
 13.7 New Contracts Announcements 139
 13.7.1 Apr 01, 2008: Island Extends Reconnaissance Contract In Morocco 139
 13.7.2 Feb 20, 2008: Petrel Renews Agreements With Iraq 140
 14 Appendix 141
 14.1 Methodology 141
 14.1.1 Coverage 141
 14.1.2 Secondary Research 142
 14.1.3 Primary Research 142
 14.1.4 E&P Forecasts 143
 14.1.5 Midstream Forecasts 144
 14.1.6 Expert Panel Validation 144
 14.2 Contact Us 145
 14.3 About GlobalData 145
 14.4 Disclaimer 145
 
 1.1 List of Tables
 Table 1: Ireland, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 13
 Table 2: Ireland, Historical and Forecasted Import of Natural Gas, 1996-2020 15
 Table 3: Ireland, Historical Reserves of Natural Gas, 1996-2008 17
 Table 4: Ireland, Annual Rental Rates, 2007 24
 Table 5: Ireland, License Application Fees, 2007 24
 Table 6: Western Europe, Investment Benchmarking, Overall Country Rankings, 2008 27
 Table 7: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 28
 Table 8: Western Europe, Investment Benchmarking, Gas Sector Performance, 2008 30
 Table 9: Western Europe, Investment Benchmarking, Economic Performance, 2008 34
 Table 10: Western Europe, Country Standings, Economic Performance, 2008 35
 Table 11: Western Europe, Investment Benchmarking, Socio-Political Performance, 2008 37
 Table 12: Western Europe, Country Standings, Socio-Political Performance, 2008 38
 Table 13: Ireland, Natural Gas Key Statistics, 2008 40
 Table 14: Ireland, Total Marketed Natural Gas Production (MMcf), 2001-2008 42
 Table 15: Ireland, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 43
 Table 16: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 43
 Table 17: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2001- 2008 44
 Table 18: Ireland, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 45
 Table 19: Ireland, Forecasted Assets-wise Gross Revenue(000'$), 2009-2014 46
 Table 20: Ireland, Projected Assets-wise Total Government Take(000'$), 2009-2014 46
 Table 21: Ireland, Projected Assets-wise Total Contractor Take(000'$), 2009-2014 46
 Table 22: Ireland, Gas Field Assets Details 47
 Table 23: Ireland, Planned Gas Field Assets Details 47
 Table 24: Denmark, Pipeline Key Statistics, 2008 48
 Table 25: Ireland, Natural Gas Pipeline Length by Company (Km), 2008 49
 Table 26: Ireland, Natural Gas Pipelines, 2008 50
 Table 27: Ireland LNG Key Statistics, 2008 51
 Table 28: Ireland, Total Regasification Capacity (Bcf), 2000-2015 51
 Table 29: Ireland, Regasification Capacity, Company-wise (Bcf), 2000-2015 52
 Table 30: Europe, Regasification Capacity in Ireland (Bcf), 2000-2015 53
 Table 31: Ireland Underground Gas Storage Key Statistics, 2008 54
 Table 32: Ireland Underground Gas Storage Capacity, Company-wise, 2008 54
 Table 33: Europe, Underground Gas Storage Capacity In Ireland, 2008 55
 Table 34: Marathon Oil Corporation, Key Facts 56
 Table 35: Marathon Oil Corporation, SWOT Analysis 66
 Table 36: Marathon Oil Corporation, Revenue by Segment, USD Million, 2003-2007 70
 Table 37: Marathon Oil Corporation, Revenue by Geography, USD Million, 2003-2007 70
 Table 38: Marathon Oil Corporation, Financial Statements, USD Million, 2003-2007 71
 Table 39: Marathon Oil Corporation, Financial Ratios, USD Million, 2003-2007 72
 Table 40: Ramco Energy plc, Key Facts 73
 Table 41: Ramco Energy plc, SWOT Analysis 75
 Table 42: Exxon Mobil Corporation, Key Facts 79
 Table 43: Exxon Mobil Corporation, SWOT Analysis 88
 Table 44: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 95
 Table 45: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 96
 Table 46: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 97
 Table 47: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 98
 Table 48: Star Energy Oil To Acquire Marathon Oil Ireland From Marathon Oil 99
 Table 49: Iberdrola Acquires 22.64% Stake In Petroceltic International 100
 Table 50: Circle Oil Completes Private Placement Of $58.04 Million 101
 Table 51: Petroceltic International Completes Private Placement 102
 Table 52: PetroNeft Announces Private Placement Of $17.3 Million 104
 Table 53: Providence Resources Announces Debt Offering Of $66.04 Million 105
 Table 54: PetroNeft Resources Enters Into A Partnership With Arawak Energy 106
 Table 55: RWE Dea To Acquire 50% Non-operated Working Interest In Licence PEL 01/06 107
 Table 56: Marathon Oil To Sell Irish Assets 108
 Table 57: Serica Energy Farms Out PEL 01/06 Licence In Ireland 109
 Table 58: OMV Acquires 50% Interest In Ireland FEL 3/05 110
 Table 59: Providence Resources And Sosina Exploration To Sell 30% Interest In Spanish Point Discovery 111
 Table 60: Lansdowne To Farm-Out An Area Of Standard Exploration License To Island Oil and Gas 112
 Table 61: Supernova Ireland Resources Acquires 10% Interest In Frontier Exploration License 1/04 From Island Oil & Gas 113
 Table 62: Island Oil & Gas To Acquire Assets From Marathon Oil 114
 
 1.2 List of Figures
 Figure 1: Ireland, Energy Sector break-up, 2008 11
 Figure 2: Ireland, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 14
 Figure 3: Ireland, Natural Gas Imports, Billion Cubic Feet, 1996-2020 16
 Figure 4: Ireland, Natural Gas Reserves, Billion Cubic Feet, 1996-2008 18
 Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, 2008 29
 Figure 6: Western Europe, Country Standings, Gas Sector Performance, 2008 31
 Figure 7: Western Europe, Country Standings, Gas Sector Performance, 2008 (Contd.) 32
 Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, 2008 33
 Figure 9: Western Europe, Country Standings, Economic Performance, 2008 35
 Figure 10: Western Europe, Country Standings, Socio-Political Performance, 2008 38
 Figure 11: Ireland, Natural Gas Assets Map, 2008 41
 Figure 12: Ireland, Total Marketed Natural Gas Production (MMcf), 2001-2008 42
 Figure 13: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 44
 Figure 14: Ireland, Market Share (%) based on Marketed Natural Gas Production, 2008 45
 Figure 15: Ireland, Natural Gas Pipeline Length by Company (Km), 2008 49
 Figure 16: Ireland, Total Regasification Capacity (Bcf), 2000-2015 52
 Figure 17: Marathon Oil Corporation, Value Chain Analysis 62
 Figure 18: Exxon Mobil Corporation, Value Chain Analysis 85
 Figure 19: GlobalData Methodology 141