"Oil and Gas Exploration and Production (E&P) in the Barents Sea - Market Analysis, Competitive Landscape and Production Forecasts to 2020", is the latest report from GlobalData, the industry analysis specialist, which analyzes the oil and gas exploration and production (E&P) industry in the Barents Sea. The report provides an overview of the E&P industry in the Barents Sea. https://www.reportscorner.com/reports/15958/Oil-and-Gas-Exploration-and-Production-(E&P)-in-the-Barents-Sea---Market-Analysis,-Competitive-Landscape-and-Production-Forecasts-to-2020/

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Oil and Gas Exploration and Production (E&P) in the Barents Sea - Market
Analysis, Competitive Landscape and Production Forecasts to 2020

2. DescriptionDescription
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"Oil and Gas Exploration and Production (E&P) in the Barents Sea
- Market Analysis, Competitive Landscape and Production
Forecasts to 2020", is the latest report from GlobalData, the
industry analysis specialist, which analyzes the oil and gas
exploration and production (E&P) industry in the Barents Sea. The
report provides an overview of the E&P industry in the Barents
Sea.

3. Brief SummaryBrief Summary
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Oil and Gas Exploration and Production (E&P) in the Barents Sea -
Market Analysis, Competitive Landscape and Production
Forecasts to 2020
Summary
"Oil and Gas Exploration and Production (E&P) in the Barents Sea
- Market Analysis, Competitive Landscape and Production
Forecasts to 2020", is the latest report from GlobalData, the
industry analysis specialist, which analyzes the oil and gas
exploration and production (E&P) industry in the Barents Sea. The
report provides an overview of the E&P industry in the Barents
Sea. The report also provides information on the fiscal
environment, exploration, production, discoveries and major
companies in the Norwegian and Russian parts of the Barents
Sea. The report is compiled by using data and information
sourced from proprietary databases, secondary research and in-
house analysis by GlobalData’s team of industry experts.

4. Brief SummaryBrief Summary
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Scope
The report provides information on exploration and production in
the Barents Sea, including major companies and the key trends
and issues. The report primarily focuses on -
- Overview of oil and gas exploration and production in the
Barents Sea
- Drivers and challenges for the oil and gas industry in the Barents
Sea
- Mergers and acquisitions (M&As), and asset transactions
involving assets or companies with operations in the Barents Sea
during the period 2008 to February 2013
- Oil and gas exploration, discoveries, production and major
companies operating in the Norwegian Barents Sea
- Oil and gas exploration, discoveries, production and major
companies operating in the Russian Barents Sea

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Reasons to buy
The report will enhance your decision making in a more rapid and
time sensitive manner. It will allow you to -
- Develop business strategies with the help of specific insights
into the oil and gas E&P market in the Barents Sea
- Identify opportunities and challenges in the oil and gas industry
in the Barents Sea
- Understand competitive landscape of major companies
operating in the Barents Sea.
- Take prompt and effective business decisions supported by well
researched information and analysis of the emerging exploration
and production area, the Barents Sea.

6. Table of ContentsTable of Contents
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1 Table of Contents
1 Table of Contents 4
1.1 List of Tables 5
1.2 List of Figures 5
2 Introduction 7
2.1 Overview 7
2.2 GlobalData Report Guidance 7
3 Oil and Gas Exploration and Production in the Barents Sea – Overview 8
3.1 Barents Sea has Substantial Undiscovered Oil and Gas Resources 9
3.2 Active Exploration Blocks in the Barents Sea 10
3.2.1 Barents Sea Oil and Gas Discoveries during the Period 2008 to 2012 11
3.2.2 Barents Sea Oil and Gas Production, 2012 12
3.3 Statoil Leads Oil and Gas Exploration and Production in the Barents Sea 13
3.3.1 Statoil is largest operator of Barents Sea Discoveries from 2008 to 2012 14
3.3.2 Statoil is the Key Producer in the Norwegian Barents Sea 15

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3.4 Production Forecast of Oil and Gas in the Barents Sea, 2012–2020 16
4 Oil and Gas Exploration and Production in the Barents Sea –Drivers and Challenges 17
4.1 Substantial Undiscovered Oil and Gas Resources Drive Oil and Gas Exploration Activity in the Barents
Sea 17
4.2 Decreasing Production in North Sea Increases Interest for Barents Sea Exploration 18
4.3 Resolution of Maritime Boundaries Dispute between Russia and Norway will Accelerate Exploration
Activities in the Region 19
4.4 Political Stability and Maritime Security are Expected to Draw Oil and Gas Companies towards the
Barents Sea 20
4.5 Difficult Operating Environment and Escalating Costs Pose Challenge for Exploration and Production
Activities in the Barents Sea 20
4.6 Environmental Conservation a Major Issue for Development of the Oil and Gas Sector in the Barents
Sea 22
5 Oil and Gas Exploration and Production in the Barents Sea –Financial Deals Activity 23
5.1 Barents Sea Mergers, Acquisitions and Asset Transactions, 2008 to 2013 23
5.2 Tullow Oil’s Acquisition of Spring Energy from HitecVision was the Largest Deal by Value in the
Barents Sea during 2008 to 2013 25

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5.3 Spectrum to Acquire Carmot Seismic and Carmot Processing to Consolidate Presence in the
Norwegian Continental Shelf 28
5.4 Statoil Acquired 3.3% Interest in the Snøhvit Field in November 2011 29
6 Oil and Gas Exploration and Production in the Barents Sea – Norway 30
6.1 Oil and Gas Fiscal Environment in Norway 30
6.2 Oil and Gas Exploration and Discoveries in the Norwegian Barents Sea 31
6.2.1 Oil and Gas Company Interest in Norway’s 22nd Licensing Round 32
6.2.2 Norwegian Petroleum Directorate’s Mapping of Southeastern Barents Sea Reveals Substantial Oil
and Gas Resources 33
6.2.3 Norway Made 10 Oil and Gas Discoveries during the Period 2008 to 2012 34
6.2.4 Havis Oil Discovery in the Barents Sea 35
6.2.5 Skrugard Oil Discovery 36
6.3 Oil and Gas Production in the Norwegian Barents Sea 37
6.3.1 Snøhvit is the Only Active Production Field in the Barents Sea 37
6.3.2 Hammerfest Liquefied Natural Gas Facility 38
6.3.3 Production Forecast in the Norwegian Barents Sea, 2012 to 2020 39

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6.3.4 Production from the Goliat Field 40
6.3.5 Plans to Develop the Skrugard Discovery 41
6.4 Oil and Gas Companies in Norwegian Barents Sea – Competitive Landscape 42
6.4.1 Statoil Leads Exploration of Oil and Gas in the Norwegian Barents Sea 42
6.4.2 Statoil and Rosneft Sign Agreement for Joint Bidding of Licenses 44
6.4.3 Statoil is the Leading Producer of Oil and Gas in the Barents Sea 45
7 Oil and Gas Exploration and Production in the Barents Sea – Russia 46
7.1 Petroleum Fiscal Environment in Russia 46
7.1.1 Russia Plans New Rules for Development of Offshore Oil and Gas Resources 46
7.2 Oil and Gas Exploration and Discoveries in the Russian Barents Sea 47
7.2.1 Active Exploration Blocks in the Russian Barents Sea 48
7.3 Shtokman is the Only Planned Production Field in the Russian Barents Sea 48
7.3.1 Gazprom Freezes and Restarts the Shtokman Project 50
7.4 Major Oil and Gas Companies in the Russian Barents Sea 51
7.4.1 Rosneft Operates All Active Exploration Blocks in the Russian Barents Sea 51

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7.4.2 Agreement for Exploration in the Fedynsky and the Central Barents Blocks 52
7.4.3 Rosneft Acquires Two Exploration Blocks in the Russian Barents Sea 52
8 Appendix 53
8.1 Market Definition 53
8.2 Abbreviations 53
8.3 Sources 54
8.4 Methodology 55
8.4.1 Coverage 55
8.4.2 Secondary Research 55
8.5 Contact Us 55
8.6 Disclaimer 56

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For more information please visit our website
https://www.reportscorner.com/reports/15958/Oil-and-Gas-Exploration-and-
Production-(E&P)-in-the-Barents-Sea---Market-Analysis,-Competitive-Landscape-and-
Production-Forecasts-to-2020/

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