Global Oil and Gas Discoveries in 2011 - South America and Asia Pacific Emerge as Prolific Regions for New Resource Finds

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This research provides a description of the important oil and gas discoveries made in 2011. The report provides a detailed analysis of the oil and gas discoveries made globally and highlights the developmental plans for each of the discoveries for future use. These details will help to identify suitable regions for investment in exploration and production activities. According to the report, global oil and gas discoveries have fallen since 2009. In 2011, 242 oil and gas discoveries were made globally, compared to 362 and 435 discoveries made in 2010 and 2009, respectively. A large number of successful appraisal wells were also drilled in 2011.

The report provides in-depth analysis and insights into important oil and gas discoveries made in 2011. Its scope includes:
An overview of oil and gas discoveries made globally in 2011
The contribution of various regions to the total number of oil and gas discoveries made in 2011
Key emerging areas for oil and gas exploration and production activities
Key details of major oil and gas discoveries made worldwide in 2011
Development plans for major oil and gas discoveries made in 2011

Reasons to Buy
Make smart investment decisions in the E&P markets by using our detailed insight into the industry
Identify potential investment targets based on detailed information of development plans for each of the discoveries made in 2011
Plan project locations and project types to capitalize on the growing E&P market
Identify the most suitable region to invest in new E&P assets

Additional Information
Cutting-edge technology will dictate the success of vital new deepwater oil reserves
This research found that Brazil and Malaysia both offer huge resources for future markets, but their challenging terrain demands the use of modern infrastructure, showing a strong need for investment from producing companies.
In 2011, 242 oil and gas discoveries were made globally, with the Asia-Pacific region accounting for a 31.8% share of total discoveries, while a 19.8% share was found in South and Central America. More than half of these discoveries were located in offshore regions, and the recent unearthing of high quality reserves in deep water areas is encouraging an increase in offshore exploration.

The discovery of the Tupi field in 2006 triggered a large number of exploration projects in Brazil, which yielded many positive results. Brazil registered 20 deep water discoveries in 2011, and the country has witnessed the highest number of discoveries in one country since 2008. The majority of these discoveries were made in the sub-salt region of Brazil, which is spread across a vast region of the sea, with large areas remaining unexplored.
In view of the country’s impressive fossil fuel findings, oil company Petrobras has declared investment of $224.7 billion for future operations throughout 2011–2015.

The Malaysian oil and gas industry also recorded a significant rise in offshore discoveries during 2011. Malaysia is currently one of the least explored countries in the Asia-Pacific region, but, due to decreasing fossil fuel reserves in many South-Asian countries, exploration activities in Malaysia have gained visibility and importance.
In the past six years, all important Malaysian oil discoveries were made in deepwater projects, while further deepwater fields in various regions are expected to be developed by 2015.

However, infrastructure is dictating much of the success of oil extraction efforts in Brazil. While the presence of pipelines and equipment has led the Campos basin to be far more attractive for investors looking to extract oil, infrastructure in the Santos basin is limited, making it difficult to transport extracted oil to the shore.

To combat this, technology is being introduced in the Asia-Pacific region to improve the recovery ratio of reserves. The average recovery ratio in Malaysia is currently 23%, while in other oil-producing countries it reaches around 45%. The introduction of enhanced oil recovery (EOR) will improve the region’s technical capabilities, and help to recover more reserves by increasing the recovery ratio.
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