Among the 100 major upstream development projects considered in this report, Kashagan has the highest capital expenditure (capex) at US$149.5 billion.
Dallas, Texas (PRWEB) September 27, 2014
Upstream oil and gas assets play a major role in satisfying the world’s energy needs, and are located around the world in both onshore and offshore regions and in challenging conditions such as ultra-deep waters and freezing temperatures. Production is therefore technologically complex and necessitates very high capex.
The Khurais project, located in Saudi Arabia, has the highest recoverable reserves among the 100 major upstream development projects included in the report. The project involves recoverable oil and gas reserves of about 19.4 billion barrels of oil equivalent (billion boe). Manifa and Rovuma Area 1, located in Saudi Arabia and Mozambique respectively, jointly occupy second position with recoverable reserves of 13.7 billion boe each. Rovuma Area 4, also located in Mozambique, has the next highest remaining recoverable reserves, at 12.7 billion boe.
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These five development projects together account for around 77.5 billion boe of crude oil and natural gas recoverable reserves, and represent over 40% of the total recoverable reserves of the 100 projects under review in this report. Among the five largest projects, the Rovuma Area 1, the Rovuma Area 4 and Bovanenkovo Zone are natural gas fields, while Khurais and the Manifa are primarily crude oil fields.
Among the 100 major upstream development projects considered in this report, Kashagan has the highest capital expenditure (capex) at US$149.5 billion, followed by the Cantarell and Lula projects at US$69.4 billion and US$61.7 billion respectively. The capex of the top 100 assets varies widely, ranging from the Kashagan field with the highest at US$149.5 billion, to the La Creciente field with the lowest at US$320 million. Among the major upstream development projects considered in this report, six have capex of US$50 billion or more, 11 have capex in the range of US$21-49 billion, 18 are in the range of US$11-20 billion, and 22 are in the range of US$5-10 billion.
Petrobras Operates the Largest Number of Projects among the Major Upstream Developments
Among the 100 major upstream development projects worldwide considered in this study, Petrobras operates the most, with eight development projects, followed by Chevron and BP at six and five respectively. Of the eight Petrobras-operated assets, six are located in Brazil’s Santos and Campos basins - Lula, Franco, Roncador, Cernambi, Jubarte and Marlim Sul - and two are located in Bolivia - Sabalo and San Alberto.
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Saudi Aramco operates the projects with the greatest total remaining oil and gas recoverable reserves, at 39.9 billion boe. The company operates some giant projects such as Khurais with reserves of 19.4 billion boe, Manifa with reserves of 13.7 billion boe, Al-Wasit with reserves of around 4 billion boe, and Karan with reserves of 2.9 billion boe. Petrobras and Anadarko occupy second and third places, with operatorship of reserves of 17.4 billion boe and 13.7 billion boe respectively.
The report provides:
- Analysis of capex and remaining recoverable oil and gas reserves among the seven regions mentioned in the report (Asia-Pacific (APAC), the Former Soviet Union (FSU), Latin America, North America and Caribbean, Africa, the Middle East, and Europe)
- Comparison of top five upstream assets based on capex and remaining recoverable oil and gas reserves
- A study of operators of upstream assets based on capex and remaining recoverable oil and gas reserves
- Overview of the 100 upstream assets by region
Reasons to Buy
The report will enhance your decision-making capabilities by allowing you to:
- Access an instant overview of major active and planned upstream assets around the world
- Identify the most promising upstream assets
- Develop business strategies based on insights gained
- Identify opportunities and challenges in particular upstream assets
- Broaden your knowledge of oil and gas companies’ upstream strategies
Table of Contents
1 Table of Contents
3 Top 100 Global Upstream Developments – An Overview
4 Top Upstream Assets in Asia-Pacific
5 Top Upstream Assets in the Former Soviet Union
6 Top Upstream Assets in Latin America
7 Top Upstream Assets in North America and Caribbean
8 Top Upstream Assets in Africa
9 Top Upstream Assets in the Middle East
10 Top Upstream Assets in Europe
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