Oilandgasindustryreport 2013 Halliburon Internal Source

7/30/2019 Oilandgasindustryreport 2013 Halliburon Internal Source

1/7

Oil and Gas Industry Report

May 2013 Briefing


2/7

Disclaimer

The author, Amir H. Azadehnia, does hereby certify that, to the best of his

knowledge, the views and opinions in this research report reflect his personal

views about the companies named. He has not nor will not receive direct or

indirect compensation in return for expressing specific viewpoints in this report.

Copyright 2013, Amir H. Azadehnia. All rights reserved.

This presentation is based on information which the author believes is reliable,

but the author does not represent or warrant its accuracy. The opinions and

estimates expressed here represent the views of the author as of the date of

this report. These opinions and estimates may be subject to change withoutnotice. The author will not be responsible for any consequences associated

with reliance on any statement or opinion contained here.


3/7

Oil & Gas Industry Sounds Upbeat

Driver Underlying Facts

Demand Growth inEmerging Markets

Population GrowthGDP Growth

Supply Security Supply Diversification from

Middle East, Africa and

Russia

Little Spare Production

Capacity

High Prices Crude Oil > $100/bbl

EU and Asia Natural Gas

Prices > $12/mBtu

Technology Access to Unconventional

Resources

Barrier Underlying FactsImpaired Business

Confidence

Slow Economic Growth

Limited Access to Capital

Rising Costs Difficult to Access

Resources

Large and Complex Projects

Skills Shortage

Poor Infrastructure in SomeResource Rich Regions, e.g.

West Africa

Increased Regulation e.g. SEMS I & II, Local

Content, Higher Tax, etc.

Environmental Concerns Over Hydraulic Fracturing,

Offshore, etc.

Safety and Reliability e.g. Deep Water Production


4/7

7%

27%

3%4%

9%

50%

CAPEX Country Breakdown

2014 2016 E

Middle East*

US

Nigeria

UK

Brazil

Other

0 400 800 1200 1600 2000 2400

2009

2010

2011

2012

2013 E

2014-2016 E

US$ in billion

Capital Expenditure Projection

And Its Mostly About E&P

4%

58%2%

7%

5%

6%

15%

CAPEX Value Chain Breakdown

2013 E

Pipeline

E&P

Subsea

FLNG

LNG

Gas processing

Refinery

Petrochem

Unclassified

Growth Features by 2020

Upstream capacity increase

by 5 - 7% p.a. and led by offshore

developments

Natural gas demand growth at 2%

p.a. driven by power generation andindustry

Gas supply growth in the US, Middle

East, FSU, Africa and probably, China

Crude oil demand growth at 0.8%

p.a. driven by transport

Crude oil supply growth in North

America and Middle East

Midstream supply and demand

growth in emerging markets and

Middle East


5/7

To Be Exact, Offshore E&P and Gas


6/7

Opportunities In Greatest Difficulty


7/7

Oil & Gas Industry Structure

Upstream

Downstream

SuperMajors

Integrated

N

ationalCompanies

National OilCompanies

Independents

Independents

IndependentsMidstream

Operators

ServiceContract

ors

Seismic

DrillingEngineering

Consultancy / EPCW

ell

Serv

ices

Floating

Production

Supply

Vessels

Subsea&

OffshoreD

iversified

Decommissioning

Top 10 E&P Spenders

1. ExxonMobil 6. Pemex

2. Petrochina 7. Total

3. Chevron 8. Petronas

4. Shell 9. BP

5. Petrobras 10. Statoil

Top 10 Contractors

1. Bechtel 6. Aker

Solutions

2. Saipem 7.

Weatherford

3. Baker

Hughes

8. Chiyoda

4. Fluor 9. SNC-Lavalin

5. Technip 10.

McDermott

C O N T R A C T F L O W

Documents

Oilandgasindustryreport 2013 Halliburon Internal Source