Ireland Oil Markets, 2011

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Ireland. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (refineries and storage terminals) in Ireland. The report compares the investment environment in Ireland with other countries in the region. The profiles of the major companies operating in the crude oil sector in Ireland together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the refineries and storage terminals in Ireland for the period 2000-2015.
- Operator and equity details for major crude oil assets in Ireland.
- Key information relating to market regulations, key energy assets and the key companies operating in the Ireland’s energy industry.
- Information on the top companies in the Ireland including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned

Royal Dutch Shell plc
Island Oil & Gas plc
Eni S.p.A

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Ireland Energy Sector 9
2.1 Ireland Energy sector, Market Overview 9
2.2 Ireland Energy sector, Crude Oil 9
2.2.1 Ireland Crude Oil, Overview 9
2.2.2 Ireland Crude Oil, Supply and Demand Balance 10
2.2.3 Ireland Crude Oil, Regulatory Structure 14
2.2.4 Ireland Crude Oil, Infrastructure 14
3 Ireland Oil Upstream Investment Environment Benchmarking 15
3.1 Introduction 15
3.2 The Overall Ranking 15
3.3 Upstream Fiscal Attractiveness 16
3.3.1 Maximum Government Take Index 17
3.3.2 Maximum State Participation 17
3.4 Oil Sector Performance 18
3.4.1 Exploration Activity 20
3.4.2 Oil Production 21
3.4.3 Oil Reserves 21
3.4.4 Consumption 21
3.4.5 Refining Industry 22
3.5 Economic Performance 22
3.5.1 GDP Growth Index 24
3.5.2 FDI Confidence Index 24
3.5.3 Balance of Trade Index 24
3.6 Socio-Political Performance 24
4 Ireland Refining Sector 27
4.1 Ireland Refining Sector, Key Data 27
4.2 Ireland Refining Sector, An Overview 27
4.2.1 Ireland Refining Sector, Total Refining Capacity 27
4.3 Ireland Refining Sector, Capacity- Wise Market Share by Company 28
4.4 Ireland Refining Sector, Crude Distillation Unit Capacity 29
5 Ireland Oil and Chemicals Storage Sector 30
5.1 Ireland Oil and Chemicals Storage Sector, Key Data 30
5.2 Ireland Oil and Chemicals Storage Sector, An Overview 30
5.2.1 Ireland Oil and Chemicals Storage Sector, Total Storage Capacity 30
5.2.2 Ireland Oil and Chemicals Storage Sector, Storage Capacity by Area 31
5.3 Ireland Oil and Chemicals Storage Sector, Market Share by Company 32
5.4 Ireland Oil and Chemicals Storage Sector, Storage Capacity 33
6 Profile of Royal Dutch Shell plc 34
6.1 Royal Dutch Shell plc, Key Information 34
6.2 Royal Dutch Shell plc, Company Overview 34
6.3 Royal Dutch Shell plc, Business Description 34
6.3.1 Business Overview 34
6.3.2 Corporate 35
6.3.3 Downstream 35
6.3.4 Upstream 37
6.4 Royal Dutch Shell plc, SWOT Analysis 38
6.4.1 Overview 38
6.4.2 Royal Dutch Shell plc Strengths 38
6.4.3 Royal Dutch Shell plc Weaknesses 39
6.4.4 Royal Dutch Shell plc Opportunities 40
6.4.5 Royal Dutch Shell plc Threats 41
7 Profile of Island Oil & Gas plc 43
7.1 Island Oil & Gas plc, Key Information 43
7.2 Island Oil & Gas plc, Company Overview 43
7.3 Island Oil & Gas plc, Business Description 43
7.3.1 Business Overview 43
8 Profile of Eni S.p.A 45
8.1 Eni S.p.A Key Information 45
8.2 Eni S.p.A, Company Overview 45
8.3 Eni S.p.A, Business Description 45
8.3.1 Business Overview 45
8.3.2 Engineering and Construction 46
8.3.3 Exploration & Production 46
8.3.4 Gas & Power 47
8.3.5 Others 48
8.3.6 Petrochemicals 48
8.3.7 Refining and Marketing 49
8.4 Eni S.p.A SWOT Analysis 50
8.4.1 Overview 50
8.4.2 Eni S.p.A. Strengths 50
8.4.3 Eni S.p.A. Weaknesses 52
8.4.4 Eni S.p.A. Opportunities 53
8.4.5 Eni S.p.A. Threats 54
9 Financial Deals Landscape 56
9.1 Detailed Deal Summary 56
9.1.1 Acquisition 56
9.1.2 Equity Offerings 60
9.1.3 Asset Transactions 72
10 Recent Developments 80
10.1 License Rounds 80
10.1.1 Oct 22, 2010: Ireland To Showcase New Exploration Opportunities In Irish Waters 80
10.1.2 Jun 16, 2010: Ireland Announces 2011 Atlantic Margin Oil And Gas Licensing Round 80
10.2 License Awards 82
10.2.1 Mar 04, 2011: InfraStrata Wins Exploration License In Northern Ireland 82
10.2.2 Feb 14, 2011: Enegi Oil Receives Onshore Petroleum Licensing Option In Ireland 83
10.2.3 Feb 14, 2011: Ireland Announces Offers Of Onshore Petroleum Licensing Options 83
10.3 Strategy and Business Expansion 84
10.3.1 Jan 12, 2011: OMV To Exit Rockall License: San Leon Energy 84
10.3.2 Aug 12, 2010: Bord Gais Unveils Plan For New Project In Ireland 84
10.4 Drilling and Production Updates 85
10.4.1 Aug 04, 2010: Serica Energy Provides Q2 2010 Exploration Update 85
10.5 Other Significant Developments 87
10.5.1 May 03, 2011: San Leon Energy Commences Offshore Ireland Seismic Survey 87
10.5.2 Apr 21, 2011: San Leon Energy Executive Director Philip Thompson Resigns 88
10.5.3 Mar 29, 2011: San Leon Energy Provides Operations Update 88
10.5.4 Mar 25, 2011: Ireland Approves Grant Foreshore License To SEPIL In Respect Of Corrib Gas Pipeline 91
10.5.5 Mar 23, 2011: San Leon Energy Announces Additional Listing Of Shares 91
10.5.6 Mar 01, 2011: SEPIL Wins Corrib Permission Grants 91
10.5.7 Feb 22, 2011: Providence Resources Provides Operations Update 92
10.5.8 Feb 18, 2011: Providence Resources Updates On North Celtic Sea Oil Resource 93
10.5.9 Feb 07, 2011: Providence Resources Signs MoU With Shell 93
10.5.10 Jan 18, 2011: Shell Wins Approval To Build Corrib Onshore Pipeline In Ireland 93
10.5.11 Jan 06, 2011: San Leon Energy Announces Changes In Board 94
10.5.12 Dec 08, 2010: Bord Gais Starts Building New Gas Pipeline In Tipperary Town, Ireland 94
10.5.13 Dec 06, 2010: Bord Gais Announces Completion Of Cahir Pipeline Project 95
11 Appendix 96
11.1 Abbreviations 96
11.2 Methodology 96
11.2.1 Coverage 96
11.2.2 Secondary Research 97
11.2.3 Primary Research 97
11.2.4 Expert Panel Validation 97
11.3 Contact Us 98
11.4 Disclaimer 98

1.1 List of Tables
Table 1: Ireland, Historical and Forecast Consumption of Crude Oil, Thousand Barrels Per Day, 2000-2020 10
Table 2: Ireland, Historical and Forecast Imports of Crude Oil, Thousand Barrels Per Day, 2000-2020 12
Table 3: Western Europe, Investment Benchmarking, Overall Country Rankings, May 2011 15
Table 4: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 16
Table 5: Western Europe, Investment Benchmarking, Oil Sector Performance, May 2011 18
Table 6: Western Europe, Investment Benchmarking, Economic Performance, May 2011 22
Table 7: Western Europe, Country Standings, Economic Performance, May 2011 23
Table 8: Western Europe, Investment Benchmarking, Socio-Political Performance, May 2011 25
Table 9: Western Europe, Country Standings, Socio-Political Performance, May 2011 25
Table 10: Ireland, Refinery Key Statistics, May 2011 27
Table 11: Ireland, Total Refining Capacity (MMTPA), 2000- 2015 27
Table 12: Ireland, Refining Capacity Company-wise (MMTPA), 2000-2015 28
Table 13: Ireland, Crude Distillation Unit Capacity in Ireland (MMTPA), 2000-2015 29
Table 14: Ireland, Oil Storage Key Statistics, May 2011 30
Table 15: Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 30
Table 16: Ireland, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 32
Table 17: Ireland, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 33
Table 18: Royal Dutch Shell plc, Key Facts 34
Table 19: Royal Dutch Shell plc, SWOT Analysis 38
Table 20: Island Oil & Gas plc (Inactive), Key Facts 43
Table 21: Eni S.p.A., Key Facts 45
Table 22: Eni S.p.A., SWOT Analysis 50
Table 23: Iberdrola Sells 15.68% Stake In Petroceltic International 56
Table 24: San Leon Energy Acquires Island Oil & Gas 57
Table 25: Vermilion Energy Acquires Marathon International Petroleum Hibernia From Marathon Oil 59
Table 26: Petroceltic International Completes Private Placement For $60.4 Million 60
Table 27: Providence Resources Announces Offering For $65.9 Million 62
Table 28: Aminex Announces Private Placement For $32.2 Million 63
Table 29: PetroNeft Resources Announces Private Placement Of $42.8 Million 64
Table 30: Circle Oil Completes Private Placement Of $67.3 Million 65
Table 31: San Leon Energy Completes Private Placement Of $4.9 Million 67
Table 32: Aminex Completes Offering Of $1.7 Million 68
Table 33: Lansdowne Oil & Gas Completes Private Placement Of $0.24 Million 69
Table 34: Petroceltic Completes Private Placement Of $120.5 Million 70
Table 35: Chrysaor Holdings To Acquire Additional 30% Stake In Exploration Licenses 2/04 And 4/08 72
Table 36: Valero Energy To Acquire Pembroke Refinery From Chevron 73
Table 37: Infrastrata Sells 20% Interest In PL1/10 To Nautical Petroleum 74
Table 38: InfraStrata Sells 10% Interest In Licence PL1/10 To Terrain Energy 75
Table 39: Providence Acquires Additional 20% Stake In Barryroe Oil Discovery From Lansdowne 76
Table 40: Lansdowne Oil & Gas Acquires 10% Interest In Helvick Oil Field From Providence Resources 77
Table 41: Providence Signs An Agreement To Sell Interest In Dragon License To Star Energy 78
Table 42: SOSINA Exploration To Acquire 50% Interest In Hook Head Oil Discovery From Providence Resources And Atlantic Petroleum 79

1.2 List of Figures
Figure 1: Ireland, Energy Consumption Split by Fuel Type (%), 2010 9
Figure 2: Ireland, Crude Oil Consumption, Thousand Barrels Per Day, 2000-2020 11
Figure 3: Ireland, Historical and Forecasted Imports of Crude Oil, Thousand Barrels Per Day, 2000-2020 13
Figure 4: Western Europe, Country Standings, Upstream Fiscal Attractiveness, May 2011 17
Figure 5: Western Europe, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, May 2011 19
Figure 6: Western Europe, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, May 2011 20
Figure 7: Western Europe, Country Standings, Number Of Exploration Blocks Awarded, May 2011 21
Figure 8: Western Europe, Country Standings, Economic Performance, May 2011 23
Figure 9: Western Europe, Country Standings, Socio-Political Performance, May 2011 26
Figure 10: Ireland, Total Refining Capacity (MMTPA), 2000- 2015 28
Figure 11: Ireland, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 31
Figure 12: Ireland, Oil and Chemicals Storage Capacity Share by Area (%), 2010 31
Figure 13: Ireland, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 32