Iran Oil & Gas Exploration and Production Market - Growth, Trends, and Forecasts 2017 - 2022

  • ID: 4386533
  • Report
  • Region: Iran
  • 67 pages
  • Mordor Intelligence
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The Iran Oil & Gas Exploration and Production Market was valued at USD XX.XX in 2015 and is projected to reach USD XX.XX by 2022, at a CAGR of XX.XX% during the forecast period from 2015 to 2022.

The Iran oil & gas exploration and production market is segmented on the basis of application into onshore and offshore. On the basis of services, the market is segmented into well intervention, wireline logging, coiled tubing, completion & equipment services, pressure pumping, drilling waste management, and oil country tubular goods.

Iran holds some of the world's largest deposits of proven oil and natural gas reserves. It ranks as the worlds fourth largest oil and second largest gas reserve. The country has been a major player in the global market for a few decades now. Yet, Iran faced adverse business situations owing to the countrys exports in recent years that have been essentially capped by the Western sanctions aimed at pressuring Tehran over its nuclear ambitions; Western sanctions have knocked 1.2 million barrels per day offline since 2012. Due to this, a few countries have closed their oil & gas trade ties with Iran, which has also affected upstream investments in the oil & natural gas projects.

Oil & gas exploration and production is a complex process, wherein each and every step requires sophisticated technology, equipment, expertise, and capital. Irans upstream projects have been developed at a slower pace, have been delayed or completely stalled due to lack of technology and expertise. The removal of oil embargo is expected to usher the much needed major international investment in the Iranian oil & gas industry. Moreover, in a bid to improve the contract terms with the international oil companies (IOCs) and to balance risk and reward, Iran has recently announced a new oil contract model called the Iranian (or Integrated) Petroleum Contract (IPC) to lure foreign investments.

The primary purpose of this new framework is to address some of the perceived limitations of buy-back contracting structure and resulting economics that will incentivize the IOCs to consider more challenging projects in the country.
  • number of new exploration and development blocks were announced over the past several years, which could provide Iran an opportunity to increase its crude oil production and investors an opportunity to look into. Iran has identified around 50 oil & gas
Therefore, the need for revamping the oil & gas infrastructure to support the targeted production rates, rise in domestic consumption, and surge in investments on offshore exploration, boosting investors confidence by New Iranian Petroleum Contract (IPC), prodigious oil reserves and the need for technology, capital and markets are some of the factors driving the Iran oil & gas exploration and production market.

On the flipside, operational problems, time taken in revoking sanctions, lack of better contract terms, regulatory concerns, and the geo-political tensions potentially disrupting supply are some of the factors that are hindering the growth of this market.

Major players present in this market are Statoil, Eni SpA, Chevron Corp., Gazprom, and Weatherford International among others.

Key Deliverables:

Market analysis for the Iran Oil & Gas Exploration and Production Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Iran oil & gas exploration and production market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Iran Oil and Gas Exploration and Production Market Overview
4.1 Introduction
4.2 Market Demand to 2022
4.3 Recent Developments in Oil Field Services
4.4 Government Policies and Regulations
4.5 Investments and Opportunities
5. Iran Oil and Gas Scenario
5.1 Reserves in Iran
5.2 Global Crude Production and Consumption From 2000 - 2015
5.3 Iran Contribution to Regional and World Oil Production From 2000 - 2015
5.4 Global Oil Prices - WTI, BRENT Oil Prices - From 2000 -2015
5.5 Iran Oil and Gas Production Scenarios in the Mid-term and Long-term
6. Oil and Gas Fields in Iran
6.1 Onshore Oil and Gas Blocks in Iran
6.1.1 Overview
6.1.2 Available Exploration Block Details
6.1.3 Existing Exploration Block Details
6.1.4 Analysis of Key E&P Companies (in the Block)
6.1.5 Field Status
6.2 Offshore Oil and Gas Blocks in Iran
6.2.1 Overview
6.2.2 Available Exploration Block Details
6.2.3 Existing Exploration Block Details
6.2.4 Analysis of Key E&P Companies (in the Block)
6.2.5 Field Status
6.3 Recent Discoveries and Prospects
7. Market Dynamics
7.1 Drivers
7.1.1 Need to Develop Decrepit and Outdated Energy Sector
7.1.2 Rise in Investments in Offshore Exploration
7.1.3 Need for Technology, Capital and Markets
7.1.4 Rise in Domestic Consumption
7.1.5 Prodigious Oil Reserves
7.2 Constraints
7.2.1 Operational problems
7.2.2 Sanctions
7.2.3 Regulatory Concerns
7.2.4 Geo-political Events Potentially Disrupt Supply
7.3 Opportunities
7.3.1 Removal of the Oil Embargo
7.3.2 Integrated Petroleum Contract (IPC).
7.3.3 Rise in International Trade
7.3.4 Development of Existing Oil Infrastructure
7.3.5 Expanding Market Base
7.3.6 E&P Operations in Untapped Iran Oil riches
8. PESTLE Analysis of Iran
9. Investment Regulations In Upstream Oil and Gas Industry in Iran
9.1 Foreign Investment Regulations
9.2 Iran Petroleum Contract (IPC) Economic Framework and Scenarios
9.3 Integrated Petroleum Contract (IPC).
10. Oil Field Services Value Chain Analysis
10.1 Overview
10.2 Equipment Manufacturers
10.3 Service Providers
10.4 Vehicle Providers
10.5 Drilling Contractors
11. Iran Oil Field Services Market Analysis, by Type
11.1 Introduction
11.2 Coiled Tubing Services
11.3 Completion & Equipment Services
11.4 Drilling & Completion Fluids Services
11.5 Oil Country Tubular Goods
11.6 Pressure Pumping
11.7 Well Intervention
11.8 Wireline Services
11.9 Drilling Waste Management
12. Key Company Analysis
12.1 State Owned Companies in Iran Oil and Gas Sectors
12.1.1 National Iranian Oil Company (NIOC)
12.1.2 National Iranian Gas Company
12.1.3 National Petrochemical Company
12.2 Foreign Companies Participation in Iran Upstream Market
12.2.1 Royal Dutch Shell PLC
12.2.2 Schlumberger Limited
12.2.3 Halliburton Company
12.2.4 Total SA
12.2.5 Statoil
12.2.6 Eni SpA
12.2.7 Chevron Corp.
12.2.8 BP plc
12.2.9 Exxon Mobil Corp
12.2.10 Gazprom
12.2.11 Weatherford International
13. Competitive Landscape
13.1 Mergers & Acquisitions
13.2 Joint Ventures, Collaborations and Agreements
13.3 Market Share Analysis
14. Appendix
14.1 Contact Us
14.2 Disclaimer
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