1 Table of Contents
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, Natural Gas 11
2.2.1 Ireland Natural Gas, Overview 11
2.2.2 Ireland Natural Gas, Supply and Demand Balance 11
2.2.3 Ireland Natural Gas, Regulatory Structure 17
2.2.4 Ireland Natural Gas, Infrastructure 18
3 Ireland Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 20
3.3.1 Maximum Government Take Index 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Gas Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28
4 Ireland Exploration and Production Sector 30
4.1 Ireland Exploration and Production Sector, Country Snapshot 30
4.1.1 Ireland Exploration and Production Sector, Key Data 30
4.1.2 Ireland Exploration and Production Sector, Assets Map 30
4.2 Ireland Exploration and Production Sector, Marketed Natural Gas Production 31
4.2.1 Ireland Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 31
4.2.2 Ireland Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 32
4.2.3 Ireland Exploration and Production Sector, Marketed Natural Gas Production by Assets 33
4.2.4 Ireland Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 33
4.2.5 Ireland Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 34
4.3 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasts 35
4.3.1 Ireland Exploration and Production Sector, Marketed Natural Gas Forecasted Production 35
4.4 Ireland Exploration And Production Sector, Natural Gas Asset Details 36
4.4.1 Ireland Exploration And Production Sector, Active Natural Gas Asset Details 36
4.4.2 Ireland Exploration And Production Sector, Planned Natural Gas Asset Details 36
4.5 Ireland Exploration and Production Sector, Major Natural Gas Discoveries, 2005-2010 37
4.5.1 Ireland Exploration and Production Sector, Natural Gas Discoveries by Year, 2005-2010 37
4.5.2 Ireland Exploration and Production Sector, Natural Gas Discovery Details, 2005-2010 37
4.6 Ireland Exploration and Production Sector, Drilling and Production Updates 37
4.6.1 Aug 04, 2010: Serica Energy Provides Q2 2010 Exploration Update 37
5 Ireland Pipeline Sector 40
5.1 Ireland Pipeline Sector, Kay Data 40
5.2 Ireland Pipeline Sector, An Overview 40
5.3 Ireland Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 40
5.4 Ireland, Natural Gas Pipelines 42
6 Ireland LNG Sector 43
6.1 Ireland LNG Sector, Overview 43
6.2 Ireland LNG Sector, Regasification 43
6.2.1 Ireland LNG Sector, Regasification, Total Regasification Capacity 43
6.2.2 Ireland LNG Sector, Regasification, Market Share By Company 44
6.2.3 Ireland LNG Sector, Regasification Capacity by Terminal 44
7 Ireland Underground Gas Storage Sector 45
7.1 Ireland Underground Gas Storage Sector, Key Data 45
7.2 Ireland Underground Gas Storage Sector, An Overview 45
7.3 Ireland Underground Gas Storage Sector, Market Share by Company 45
7.4 Ireland Underground Gas Storage Sector, Storage Capacity by Facility 46
8 Profile of Royal Dutch Shell plc 47
8.1 Royal Dutch Shell plc, Key Information 47
8.2 Royal Dutch Shell plc, Company Overview 47
8.3 Royal Dutch Shell plc, Business Description 47
8.3.1 Business Overview 47
8.3.2 Corporate 48
8.3.3 Downstream 48
8.3.4 Upstream 50
8.4 Royal Dutch Shell plc, SWOT Analysis 51
8.4.1 Overview 51
8.4.2 Royal Dutch Shell plc Strengths 51
8.4.3 Royal Dutch Shell plc Weaknesses 52
8.4.4 Royal Dutch Shell plc Opportunities 53
8.4.5 Royal Dutch Shell plc Threats 54
9 Profile of Island Oil & Gas plc 56
9.1 Island Oil & Gas plc, Key Information 56
9.2 Island Oil & Gas plc, Company Overview 56
9.3 Island Oil & Gas plc, Business Description 56
9.3.1 Business Overview 56
10 Profile of Eni S.p.A 58
10.1 Eni S.p.A Key Information 58
10.2 Eni S.p.A, Company Overview 58
10.3 Eni S.p.A, Business Description 58
10.3.1 Business Overview 58
10.3.2 Engineering and Construction 59
10.3.3 Exploration & Production 59
10.3.4 Gas & Power 60
10.3.5 Others 61
10.3.6 Petrochemicals 61
10.3.7 Refining and Marketing 62
10.4 Eni S.p.A SWOT Analysis 63
10.4.1 Overview 63
10.4.2 Eni S.p.A. Strengths 63
10.4.3 Eni S.p.A. Weaknesses 65
10.4.4 Eni S.p.A. Opportunities 66
10.4.5 Eni S.p.A. Threats 67
11 Financial Deals Landscape 69
11.1 Detailed Deal Summary 69
11.1.1 Acquisition 69
11.1.2 Equity Offerings 72
11.1.3 Asset Transactions 84
12 Recent Developments 93
12.1 License Rounds 93
12.1.1 Oct 22, 2010: Ireland To Showcase New Exploration Opportunities In Irish Waters 93
12.2 License Awards 93
12.2.1 Mar 04, 2011: InfraStrata Wins Exploration License In Northern Ireland 93
12.2.2 Feb 14, 2011: Enegi Oil Receives Onshore Petroleum Licensing Option In Ireland 95
12.2.3 Feb 14, 2011: Ireland Announces Offers Of Onshore Petroleum Licensing Options 95
12.3 Strategy and Business Expansion 96
12.3.1 Jan 12, 2011: OMV To Exit Rockall License: San Leon Energy 96
12.4 Other Significant Developments 96
12.4.1 May 03, 2011: San Leon Energy Commences Offshore Ireland Seismic Survey 96
12.4.2 Apr 21, 2011: San Leon Energy Executive Director Philip Thompson Resigns 97
12.4.3 Mar 29, 2011: San Leon Energy Provides Operations Update 98
12.4.4 Mar 25, 2011: Ireland Approves Grant Foreshore License To SEPIL In Respect Of Corrib Gas Pipeline 100
12.4.5 Mar 23, 2011: San Leon Energy Announces Additional Listing Of Shares 100
12.4.6 Mar 01, 2011: SEPIL Wins Corrib Permission Grants 101
12.4.7 Feb 22, 2011: Providence Resources Provides Operations Update 101
12.4.8 Feb 18, 2011: Providence Resources Updates On North Celtic Sea Oil Resource 102
12.4.9 Feb 07, 2011: Providence Resources Signs MoU With Shell 102
12.4.10 Jan 18, 2011: Shell Wins Approval To Build Corrib Onshore Pipeline In Ireland 102
12.4.11 Jan 10, 2011: Providence Resources Announces Completion Of Phase-I ULYSSES Gas Storage Conceptual Study 103
12.4.12 Jan 06, 2011: San Leon Energy Announces Changes In Board 103
13 Appendix 104
13.1 Abbreviations 104
13.2 Methodology 104
13.2.1 Coverage 104
13.2.2 Secondary Research 105
13.2.3 Primary Research 105
13.2.4 Expert Panel Validation 105
13.3 Contact Us 106
13.4 Disclaimer 106
1.1 List of Tables
Table 1: Ireland, Historical and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020 12
Table 2: Ireland, Historical and Forecast Imports of Natural Gas, Billion Cubic Feet, 2000-2020 14
Table 3: Ireland, Historical Reserves of Natural Gas, Billion Cubic Feet, 2000-2010 16
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, May 2011 19
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 20
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, May 2011 22
Table 7: Western Europe, Investment Benchmarking, Economic Performance, May 2011 26
Table 8: Western Europe, Country Standings, Economic Performance, May 2011 26
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, May 2011 28
Table 10: Western Europe, Country Standings, Socio-Political Performance, May 2011 29
Table 11: Ireland, Natural Gas Key Statistics, 2010 30
Table 12: Ireland, Total Marketed Natural Gas Production (MMcf), 2003-2010 31
Table 13: Ireland, Marketed Natural Gas Production by Type(MMcf), 2003-2010 32
Table 14: Ireland, Marketed Natural Gas Production (MMcf), by Assets, 2003-2010 33
Table 15: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2003-2010 33
Table 16: Ireland, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2003-2010 34
Table 17: Ireland, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2011-2015 35
Table 18: Ireland, Active Gas Field Details 36
Table 19: Ireland, Planned Gas Field Details 36
Table 20: Ireland, Number of Gas Discoveries, 2005-2010 37
Table 21: Ireland, Natural Gas Discovery Details, 2005-2010 37
Table 22: Ireland, Pipeline Key Statistics, May 2011 40
Table 23: Ireland, Natural Gas Pipeline Length by Company (Km), May 2011 40
Table 24: Ireland, Natural Gas Pipelines, May 2011 42
Table 25: Ireland, Total Regasification Capacity (Bcf), 2000-2015 43
Table 26: Ireland, Regasification Capacity by Company (Bcf), 2000-2015 44
Table 27: Ireland, Regasification Capacity by Terminal (Bcf), 2000-2015 44
Table 28: Ireland Underground Gas Storage Key Statistics, May 2011 45
Table 29: Ireland Underground Gas Storage Capacity by Company, May 2011 45
Table 30: Ireland, Underground Gas Storage Capacity by Facility, May 2011 46
Table 31: Royal Dutch Shell plc, Key Facts 47
Table 32: Royal Dutch Shell plc, SWOT Analysis 51
Table 33: Island Oil & Gas plc (Inactive), Key Facts 56
Table 34: Eni S.p.A., Key Facts 58
Table 35: Eni S.p.A., SWOT Analysis 63
Table 36: Iberdrola Sells 15.68% Stake In Petroceltic International 69
Table 37: San Leon Energy Acquires Island Oil & Gas 70
Table 38: Vermilion Energy Acquires Marathon International Petroleum Hibernia From Marathon Oil 71
Table 39: Petroceltic International Completes Private Placement For $60.4 Million 72
Table 40: InfraStrata Completes Private Placement Of $4.9 Million 74
Table 41: Providence Resources Announces Offering For $65.9 Million 75
Table 42: Aminex Announces Private Placement For $32.2 Million 76
Table 43: PetroNeft Resources Announces Private Placement Of $42.8 Million 77
Table 44: Circle Oil Completes Private Placement Of $67.3 Million 78
Table 45: San Leon Energy Completes Private Placement Of $4.9 Million 80
Table 46: Aminex Completes Offering Of $1.7 Million 81
Table 47: Lansdowne Oil & Gas Completes Private Placement Of $0.24 Million 82
Table 48: Chrysaor Holdings To Acquire Additional 30% Stake In Exploration Licenses 2/04 And 4/08 84
Table 49: Valero Energy To Acquire Pembroke Refinery From Chevron 85
Table 50: Infrastrata Sells 20% Interest In PL1/10 To Nautical Petroleum 86
Table 51: InfraStrata Sells 10% Interest In Licence PL1/10 To Terrain Energy 87
Table 52: Providence Acquires Additional 20% Stake In Barryroe Oil Discovery From Lansdowne 88
Table 53: Lansdowne Oil & Gas Acquires 10% Interest In Helvick Oil Field From Providence Resources 89
Table 54: Providence Signs An Agreement To Sell Interest In Dragon License To Star Energy 90
Table 55: SOSINA Exploration To Acquire 50% Interest In Hook Head Oil Discovery From Providence Resources And Atlantic Petroleum 91
Table 56: Atlantic Petroleum To Farm Out 65% Interest In Standard Exploration Licence 2/07 921.2
List of Figures
Figure 1: Ireland, Energy Consumption Split by Fuel Type (%), 2010 10
Figure 2: Ireland, Natural Gas Production And Consumption, Billion Cubic Feet, 2000-2020 13
Figure 3: Ireland, Natural Gas Imports, Billion Cubic Feet, 2000-2020 15
Figure 4: Ireland, Natural Gas Reserves, Billion Cubic Feet, 2000-2010 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, May 2011 21
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, May 2011 23
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, May 2011 24
Figure 8: Western Europe, Country Standings, Number Of Exploration Blocks Awarded, May 2011 25
Figure 9: Western Europe, Country Standings, Economic Performance, May 2011 27
Figure 10: Western Europe, Country Standings, Socio-Political Performance, May 2011 29
Figure 11: Ireland, Natural Gas Assets Map, May 2011 30
Figure 12: Ireland, Total Marketed Natural Gas Production (MMcf), 2003-2010 31
Figure 13: Ireland, Marketed Natural Gas Production by Type(MMcf), 2003-2010 32
Figure 14: Ireland, Marketed Equity Weighted Natural Gas Production (MMcf), by Key Companies, 2003-2010 34
Figure 15: Ireland, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2010 35
Figure 16: Ireland, Natural Gas Pipeline Length by Company (Km), May 2011 41
Figure 17: Ireland, Total Regasification Capacity (Bcf), 2000-2015 43
