‘Global Spending in 2011 on Advanced Oil & Gas Exploration Technologies Will Total $10.17bn,’ Says Latest visiongain Research

LONDON, September 23, 2011 -

www.visiongain.com/Report/687/The-Advanced-Oil-Gas-Exploration-Technologies-Market-2011-2021

The Global Advanced Oil & Gas Exploration Technologies Market 2011-2021 is Visiongain’s latest energy report, analysing how this important market will develop over the next ten years. The report quantifies the market in terms of global size and breaks the market down into seven regional markets with forecasts and analysis provided for each regional market from 2011-2021. The report also examines the major drivers and restraints influencing the market over the next decade and explains the major technologies used as well as contemporary innovations. Sub-market forecasts are also provided for the three most prominent exploration technologies. Visiongain research indicates that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17bn.

Oil & gas exploration was once a painstaking, inefficient and time consuming activity. Prospectors looked for surface seepages from underground reserves, which occur only over a small proportion of deposits. Today, technological innovation allows more efficient management of fields and better evaluation of exploration prospects, reducing the need to drill numerous exploratory wells, thus saving money and minimising environmental damage. A combination of high oil prices, improved extraction technologies, increasing global energy demands, and supply concerns including; declining production, depleting production fields, maturing reservoirs and increasingly more difficult frontier exploration - deeper, more complex and more remote - is creating new opportunities for growth in the advanced oil & gas exploration technologies market. As the need to find new oil & gas deposits increases, the exploration industry will be relentlessly driven toward the use of more advanced surveying methods, including seismic 2D, 3D and 4D imaging, Controlled Source Electromagnetics (CSEM) and Remote Sensing techniques.

Though the industry will be faced with the restraints of proving the effectiveness of some of the new technologies on a commercial scale, overcoming environmental concerns, and confronting a weak global economy, the advanced oil & gas exploration technologies market is likely to provide substantial opportunities for potential investors.

This report offers an examination of the advanced exploration technologies market over the next decade, providing detailed market forecasts for each of the regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the advanced oil & gas exploration market throughout the world. The analysis and forecasting has been underpinned by extensive consultation with expert opinion. Within the report, you will read full transcripts of original and exclusive interviews with CEOs of two leading advanced oil & gas exploration technologies companies:

• Dmitry Vilbaum CEO of Terra Energy & Resource Technologies, Inc.
• Martin Bett CEO of Stingray Geophysical Limited

The report also describes the most important technological changes within the advanced oil & gas technologies industry and assesses their importance for the growth of the market over the short and longer-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the advanced oil & gas exploration technologies exploration market.

Visiongain’s The Advanced Oil & Gas Exploration Technologies Market 2011-2021report details the prospects for this dynamic energy sector with detailed forecasts from 2011-2021. The report will be valuable to those already involved in the advanced exploration technologies market or to those wishing to enter this important market in the future. The Advanced Oil & Gas Exploration Technologies Market 2011-2021 report includes 88 tables, charts and graphs quantifying and forecasting the market in detail, and provides information on the global markets, technology sub-markets and regional markets. In addition, the report offers profiles of 32 of the leading companies involved in the advanced oil & gas exploration technologies industry.

To see sample pages of the report please click on:

www.visiongain.com/Report/687/The-Advanced-Oil-Gas-Exploration-Technologies-Market-2011-2021

Web: www.visiongain.com

Table of Contents
1. Executive Summary
1.1 The Global Advanced Oil & Gas Exploration Technologies Market Overview
1.2 Drivers and Restraints in the Global Advanced Oil & Gas Exploration Technologies Market
1.2.1 Drivers in the Global Advanced Oil & Gas Exploration Technologies Market
1.2.2 Restraints in the Global Advanced Oil & Gas Exploration Technologies Market
1.3 Highlights of the Report
1.4 Benefits of the Report
1.5 Methodology
1.6 The Global Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
1.7 Regional Advanced Oil & Gas Exploration Technologies Markets Forecast 2011-2021
1.8 Submarkets of the Advanced Oil & Gas Exploration Technologies Market

2. Introduction to the Advanced Oil & Gas Exploration Technologies Market
2.1 Oil & Gas Markets in 2011
2.2 History of the Oil & Gas Exploration Market
2.2.1 Controlled-Source Electromagnetics (CSEM)
2.2.2 Remote Sensing
2.3 The Advanced Exploration Market in 2011
2.3.1 The Seismic Exploration Market
2.3.2 The Marine Electromagnetics (CSEM) Market
2.3.3 The Remote Sensing Market
2.4 The Advanced Exploration Market Outlook
2.4.1 The Short-Term Outlook
2.4.2 The Medium-Term Outlook
2.4.3 The Long-Term Outlook

3. The Global Advanced Oil & Gas Exploration Technologies Market
3.1 Global Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
3.1.1 Seismic Exploration Technologies Market Forecast 2011-2021
3.1.2 Remote Sensing Technologies Market Forecast 2011-2021
3.1.3 CSEM Exploration Technologies Market Forecast 2011-2021
3.2 Drivers and Restraints of the Global Advanced Oil & Gas Exploration Technologies Market
3.3 Drivers
3.3.1 Oil & Gas Prices and Related Factors
3.4 Restraints
3.4.1 Current Financial Conditions
3.4.2 Aggressive Patenting
3.4.3 Conservative Oil and Gas Companies
3.4.4 Limited Supply of Skilled Employees
3.4.5 Unfamiliarity of CSEM Data

4. The Regional Advanced Oil & Gas Exploration Technologies Markets
4.1 The Asia-Pacific Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.2 The North American Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.3 The African Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.4 The CIS Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.5 The Middle Eastern Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.6 The Latin American Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
4.7 The European Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021

5. Oil & Gas Exploration Methods
5.1 Reflection Seismology
5.1.1 Land Seismic
5.1.2 Marine Seismic
5.1.3 Modern Seismic Imaging
5.1.4 Three-dimensional (3D) Seismic Imaging
5.1.5 Two-dimensional (2D) Seismic Imaging
5.1.6 Four-dimensional (4D) Seismic Imaging
5.2 Non-Seismic Methods
5.2.1 Remote Sensing
5.2.1.1 Magnetometric Remote Sensing
5.2.1.2 Gravimetric Remote Sensing
5.2.2 Electromagnetics (EM)
5.2.2.1 Controlled-Source Electromagnetics (CSEM)
5.2.2.2 Magnetotellurics (MT)
5.2.2.3 Induced Polarisation (IP)

6. Contemporary Innovations in Oil & Gas Exploration
6.1 Multi-Azimuth (MAZ) Seismic
6.2 Wide Azimuth (WAZ) Seismic
6.3 Rich Azimuth (RAZ) Seismic
6.4 Multi-Component Seismic
6.5 Towed Streamer CSEM
6.6 Dual Sensor Streamers
6.7 Simultaneous Source Acquisition

7. SWOT Analysis of the Advanced Oil & Gas Exploration Technologies Market 2011-2021
7.1 Strengths
7.1.1 The Oil Price
7.1.2 Oil Demand
7.1.3 Reservoir Complexity
7.1.4 Frontier Markets
7.2 Weaknesses
7.2.1 Price Volatility
7.2.2 Multi-Client Operations
7.2.3 Contract Operations
7.2.4 Currency Fluctuations
7.2.5 Seasonality
7.2.6 High Fixed Cost
7.2.7 Hazardous Operating Conditions
7.2.8 Intense Competition
7.3 Opportunities
7.3.1 Technological Change
7.3.2 Niche Markets
7.3.3 Environmental Concerns
7.4 Threats
7.4.1 Regulation & Government Policy
7.4.2 Political Instability
7.4.3 Aggressive Patenting

8. Expert Opinion
8.1 Terra Energy & Resource Technologies, Inc
8.1.1 Terra Energy’s Expertise
8.1.2 Terra Energy’s Product and Competitors
8.1.3 Sub Terrain Prospecting Technology
8.1.4 Developments in the Advanced Oil & Gas Exploration Technologies Industry
8.1.5 Current Projects Using Sub Terrain Prospecting Technology
8.1.6 Growth Regions for Oil & Gas Exploration Technologies
8.1.7 Effects of the Fiscal Crisis on the Oil & Gas Exploration Technologies Industry
8.2 Stingray Geophysical Ltd.
8.2.1 Stingray’s Fibre-Optic Solution
8.2.2 Acquisition by TGS-NOPEC
8.2.3 PRM Seismic Demand
8.2.4 Stingray’s Current Projects
8.2.5 The Impact of 2008-09 Financial Crisis on Stingray and The Exploration Technologies Industry
8.2.6 Competitors in the PRM Market
8.2.7 Drivers to PRM Systems Growth

9. Leading Companies in the Advanced Oil & Gas Exploration Technologies Market
9.1 The ‘Big Three’ Exploration Companies
9.1.1 CGGVeritas S.A.
9.1.2 Petroleum Geo-Services ASA (PGS)
9.1.3 WesternGeco
9.2 Major Exploration Companies
9.2.1 BGP Inc.
9.2.2 Dawson Geophysical Company
9.2.3 Fugro N.V.
9.2.4 Geokinetics Inc.
9.2.5 Global Geophysical Services, Inc.
9.2.6 Seitel Inc.
9.2.7 TGS-Nopec Geophysical Company L.P.
9.3 Smaller Exploration Companies
9.3.1 Challenger Geophysical Ltd.
9.3.2 MultiClient Geophysical AS
9.3.3 Offshore Geo-Survey Works Sdn Bhd
9.3.4 Polarcus Ltd.
9.3.5 Reflect Geophysical Pte Ltd.
9.3.6 SeaBird Exploration Norway AS
9.3.7 Shiv-Vani Oil & Gas Exploration Services Ltd.
9.3.8 Spectrum-ASA
9.3.9 Tidelands Geophysical Company (TGC) Industries, Inc.
9.3.10 WGP Group
9.4 Specialist Seismic Companies
9.4.1 ARIS Geophysical Ltd.
9.4.2 Reservoir Exploration Technology ASA (RXT)
9.4.3 Stingray Geophysical Ltd.
9.5 Specialist Marine EM Companies
9.5.1 Electromagnetic Geoservices ASA (EMGS)
9.5.2 Offshore Hydrocarbon Mapping plc (OHM)
9.5.3 PetroMarker AS
9.5.4 Rock Solid Images plc (RSI)
9.6 Remote Sensing Companies
9.6.1 ARKeX Ltd.
9.6.2 Fugro-NPA (Formerly Nigel Press Associates Satellite Mapping)
9.6.3 Scotforth Ltd.
9.6.4 Terra Energy & Resource Technologies Inc.
9.6.5 TTI Production

10. Conclusions
10.1 The Global and Sub-Market Advanced Oil & Gas Exploration Technologies Market Forecast 2011-2021
10.2 High Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.3 Medium Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.4 Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.5 Very Low Growth Advanced Oil & Gas Exploration Technologies Regional Markets
10.6 Observations on the Oil & Gas Outlook
10.7 Technological Trends in the Advanced Oil & Gas Exploration Technologies Market

11. Glossary

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on. 

For an exec summary please contact Sara Peerun on:
Email: sara.peerun@visiongainglobal.com
Tel: +44(0)207-336-6100

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