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Offshore Oil and Gas Industry in Ireland

Taiyou Research, Oct 2011, Pages: 140


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Ireland is undergoing a challenging economic situation, during which the country can make use of its significant reserves of offshore oil and gas. However, the Irish offshore oil and gas sector only has tremendous potential, if the amount of offshore exploration is increased considerably. The country's offshore oil and gas reserves could contribute to the fiscal and economic challenges Ireland is going through at the moment.

The Irish offshore oil and gas industry, however, has not been attracting a lot of attention, primarily due to the delays in the start up of production at the Corrib gas field, combined with the absence of well developed infrastructure, combined with the harsh and difficult operating conditions. Further to this, the extremely high cost of operating oil and gas exploration offshore Ireland means that there are few investors willing to take on the cost.

In this industry scenario, Taiyou Research analyzes the Offshore Oil and Gas Industry in Ireland. The report covers the following:

- A profile of the oil and gas industry in Europe, which helps to place the growth of the Irish oil and gas industry in respective of other countries in Europe. The section contains an industry definition, market profile, market value and volume analysis and industry segmentation.

- An analysis of the offshore oil and gas industry in Ireland, in which Taiyou Research analyze the offshore oil and gas production, offshore oil and gas cumulative production, offshore remaining production of oil and gas, the oil and gas production wells in Ireland, offshore drilling of wells, and offshore oil and gas expenditure in Ireland.

- A market ranking and market share of the major companies in the offshore oil and gas industry in Ireland by production in 2010.

- Taiyou Research analyze several players that are active in the Irish offshore oil and gas industry, including BP Plc, Exxon Mobil, Royal Dutch Shell, Petronas, Statoil, and others.

Taiyou Research’s report on the Offshore Oil and Gas Industry in Ireland is a complete profile of the industry.


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