"Heavy oil Capital Expenditure to Reach $27.5bn in 2011" says new visiongain Report

LONDON, December 9, 2011 -

www.visiongain.com/Report/729/The-Heavy-Oil-Market-2011-2021

Oil demand remains high despite the uncertainty in the global economy of late. Discoveries of light easy-to-produce crude oil are decreasing, with less than 10 billion barrels a year added to reserves over the last ten years. New non-conventional sources of oil will need to be developed in order to supplement the conventional oil supply, which is seeing a slowdown in production growth. Heavy oil provides one relatively low risk option with which to achieve this.

Heavy oil resources are spread globally with large deposits in the western hemisphere, and in particular South America. The sheer extent of heavy oil resources around the world and low risk attributed to exploration makes this market particularly appealing to oil companies. High oil prices and increasingly advanced technologies are helping to improve margins and increase the number of projects undertaken. The increasing interest in this market has seen capital expenditure on upstream development of heavy oil resources reach $27.5bn in 2011.

The Heavy Oil Market 2011-2021 report guides readers through the current and future developments in the global heavy oil market providing forecasts and analysis. National market forecasts are also provided for each of the 15 major heavy oil nations, with in depth country analysis and specific drivers and restraints looked at in each case. The report contains 115 tables and charts illustrating market development and influencing factors in the heavy oil industry. Further underpinning of the forecast and analysis is offered through interviews with top executives from industry leading companies involved in the heavy oil market.

This visiongain energy report will be a valuable source of information to those already involved in the heavy oil market and to those wishing to enter this key market in the future.

Table of Contents
1. Executive Summary
1.1 The Heavy Oil Market Overview
1.2 Drivers and Restraints in the Heavy Oil Market
1.2.1 Drivers
1.2.2 Restraints
1.3 Highlights of this Report
1.4 Benefits of this Report
1.5 Methodology
1.6 The Global Heavy Oil Market Forecast 2011-2021
1.7 The Leading National Heavy Oil Market Forecasts 2011-2021

2. Introduction to the Heavy Oil Market
2.1 The Heavy Oil Market Definition
2.2. Defining Heavy Oil
2.3 Global Heavy Oil Resources
2.4 Global Heavy Production
2.5 An Overview of Heavy Oil Production Methods
2.5.1 Cold Heavy Oil Production Processes
2.5.2 Thermal Heavy Oil Production Processes

3. The Global Heavy Oil Market Forecast 2011-2021
3.1 Leading National Heavy Oil Market Forecast Comparison 2011-2021

4. The Leading National Heavy Oil Market Forecasts 2011-2021
4.1 The Venezuelan Heavy Oil Market Forecast 2011-2021
4.1.1 The Venezuelan Heavy Oil Market Overview
4.1.2 Venezuelan Heavy Oil Projects
4.1.3 The Venezuelan Heavy Oil Market Outlook
4.2 The Brazilian Heavy Oil Market Forecast 2011-2021
4.2.1 The Brazilian Heavy Oil Market Overview
4.2.2 Brazilian Heavy Oil Projects
4.2.3 The Brazilian Heavy Oil Market Outlook
4.3 The Mexican Heavy Oil Market Forecast 2011-2021
4.3.1 The Mexican Heavy Oil Market Overview
4.3.2 Mexican Heavy Oil Projects
4.3.3 The Mexican Heavy Oil Market Outlook
4.4 The Chinese Heavy Oil Market Forecast 2011-2021
4.4.1 The Chinese Heavy Oil Market Overview
4.4.2 Chinese Heavy Oil Projects
4.4.3 The Chinese Heavy Oil Market Outlook
4.5 The US Heavy Oil Market Forecast 2011-2021
4.5.1 The US Heavy Oil Market Overview
4.5.2 US Heavy Oil Projects
4.5.3 The US Heavy Oil Market Outlook
4.6 The Canadian Heavy Oil Market Forecast 2011-2021
4.6.1 The Canadian Heavy Oil Market Overview
4.6.2 Canadian Heavy Oil Projects
4.6.3 The Canadian Heavy Oil Market Outlook
4.7 The Colombian Heavy Oil Market Forecast 2011-2021
4.7.1 The Colombian Heavy Oil Market Overview
4.7.2 Colombian Heavy Oil Projects
4.7.3 The Colombian Heavy Oil Market Outlook
4.8 The Omani Heavy Oil Market Forecast 2011-2021
4.8.1 The Omani Heavy Oil Market Overview
4.8.2 Omani Heavy Oil Projects
4.8.3 The Omani Heavy Oil Market Outlook
4.9 The Russian Heavy Oil Market Forecast 2011-2021
4.9.1 The Russian Heavy Oil Market Overview
4.9.2 Russian Heavy Oil Projects
4.9.3 The Russian Heavy Oil Market Outlook
4.10 The Kuwaiti Heavy Oil Market Forecast 2011-2021
4.10.1 The Kuwaiti Heavy Oil Market Overview
4.10.2 Kuwaiti Heavy Oil Projects
4.10.3 The Kuwaiti Heavy Oil Market Outlook
4.11 The Saudi Arabian Heavy Oil Market Forecast 2011-2021
4.11.1 The Saudi Arabian Heavy Oil Market Overview
4.11.2 Saudi Arabian Heavy Oil Projects
4.11.3 The Saudi Arabian Heavy Oil Market Outlook
4.12 The Indonesian Heavy Oil Market Forecast 2011-2021
4.12.1 The Indonesian Heavy Oil Market Overview
4.12.2 Indonesian Heavy Oil Projects
4.12.3 The Indonesian Heavy Oil Market Outlook
4.13 The Iraqi Heavy Oil Market Forecast 2011-2021
4.13.1 The Iraqi Heavy Oil Market Overview
4.13.2 Iraqi Heavy Oil Projects
4.13.3 The Iraqi Heavy Oil Market Outlook
4.14 The Ecuadorian Heavy Oil Market Forecast 2011-2021
4.14.1 The Ecuadorian Heavy Oil Market Overview
4.14.2 Ecuadorian Heavy Oil Projects
4.14.3 The Ecuadorian Heavy Oil Market Outlook
4.15 The Iranian Heavy Oil Market Forecast 2011-2021
4.15.1 The Iranian Heavy Oil Market Overview
4.15.2 Iranian Heavy Oil Projects
4.15.3 The Iranian Heavy Oil Outlook
4.16 The Rest of the World Heavy Oil Market Forecast 2011-2021
4.16.1 Angola
4.16.2 Bahrain
4.16.3 Egypt
4.16.4 Italy
4.16.5 Kazakhstan
4.16.6 Madagascar
4.16.7 The North Sea
4.16.8 Peru
4.16.9 Sudan
4.16.10 Turkey

5. SWOT Analysis of the Heavy Oil Market 2011-2021
5.1 Strengths
5.1.1 High Oil Price
5.1.2 Low Risk Investment
5.1.3 Declining Conventional Reserves
5.1.4 Proven Technologies
5.2 Weaknesses
5.2.1 Strong Environmental Concerns
5.2.2 High Costs
5.2.3 Transportation Issues
5.3 Opportunities
5.3.1 Vast Resources of Heavy Oil
5.3.2 Offshore Heavy Oil
5.4 Threats
5.4.1 Dependency on High Oil Price
5.4.2 Carbon Taxation
5.4.3 Strong Opposition to Resource Intensive Oil Production

6. Expert Opinion
6.1 Kudu Industries Inc.
6.1.1 The Challenges of Extracting Heavy Oil
6.1.2 The Advantage of Progressing Cavity Pumps
6.1.3 The Capability of Progressing Cavity Pumps
6.1.4 Cold Pumping Solutions for Sensitive Production Areas
6.1.5 The Demand for Heavy Oil Extraction Equipment
6.1.6 Markets with High Potential Growth
6.1.7 Kudu’s Fastest Sales Growth
6.2 Baytex Energy Corporation
6.2.1 Baytex’s Definition of Heavy Oil
6.2.2 Opportunities in the Canadian Heavy Oil Sector
6.2.3 The Profitability of the Heavy Oil Market
6.2.4 Legislative Developments in the North American Heavy Oil Market
6.2.5 Major Innovations for Heavy Oil Production
6.2.6 Strong Growth Heavy Oil Markets
6.2.7 The Importance of Heavy Oil for Future Supply
6.2.8 The Future Development of Baytex

7. Leading Companies in the Heavy Oil Industry
7.1 Major Oil & Gas Companies in the Heavy Oil Industry
7.1.1 BP plc
7.1.2 Chevron Corporation
7.1.3 ConocoPhillips
7.1.4 ExxonMobil Corporation
7.1.5 Royal Dutch Shell
7.2 National Oil & Gas Companies in the Heavy Oil Industry
7.2.1 China National Offshore Oil Corporation (CNOOC)
7.2.2 China National Petroleum Corporation (CNPC)
7.2.3 Ecopetrol
7.2.4 Kuwait Oil Company (KOC)
7.2.5 National Iranian Oil Company (NIOC)
7.2.6 Petroecuador
7.2.7 Petroleo Brasiliero SA (Petrobras)
7.2.8 Petroleos de Venezuela SA (PdVSA)
7.2.9 Petroleos Mexicanos (Pemex)
7.2.10 Petroleum Development Oman (PDO)
7.2.11 Statoil
7.3 Independent Oil & Gas Companies in the Heavy Oil Industry
7.3.1 Baytex Energy Corporation
7.3.2 Canacol Energy Ltd.
7.3.3 Gravis Oil Corporation
7.3.4 Husky Energy Inc.
7.3.5 Ivanhoe Energy Inc.
7.3.6 NiMin Energy Corporation
7.3.7 OAO Lukoil
7.3.8 OAO Tatneft
7.3.9 Pacific Rubiales Energy Corporation
7.3.10 Petrominerales Ltd.
7.3.11 Talisman Energy Inc.
7.3.12 TNK-BP
7.4 Oilfield Service Providers in the Heavy Oil Industry
7.4.1 Baker Hughes
7.4.2 Halliburton
7.4.3 Schlumberger

8. Conclusions
8.1 The Global Heavy Oil Market 2011-2021
8.2 Strong Growth National Heavy Oil Markets 2011-2021
8.3 Moderate Growth National Heavy Oil Markets 2011-2021
8.4 Slow Growth National Heavy Oil Markets 2011-2021
8.5 Concluding Observations

9. Glossary

Companies Listed
Aera Energy
Alberta Star Development Corp.
Baker Hughes
Bapco
Baytex Energy Corp.
BlackPearl Resources
BP plc
BW Offshore
Canacol Energy Ltd.
Chevron Corporation
China National Offshore Oil Corporation (CNOOC)
China National Petroleum Corporation (CNPC)
ConocoPhillips Company
Devon Energy
Diaz Resources Ltd.
Ecopetrol
Emerald Energy
Emerge Oil and Gas
Eni
ExxonMobil Corporation
Forbes
Gazprom
Gazprom Neft
GlassPoint Solar Ltd
Gravis Oil Corporation
Halliburton
Harvest Operations Corp.
Husky Energy Inc.
Indian Oil
Inpex
Ivanhoe Energy Inc.
JewelSuite
Jurong Shipyard
Kudu Industries Inc.
Kuwait Gulf Oil Co.
Kuwait Oil Company (KOC)
Kuwait Petroleum Corporation (KPC)
Madagascar Oil
Maersk
Mediterranean Oil & Gas
Mitsubishi
Mott MacDonald
Mubadala
Nalcor Energy
National Iranian Oil Company (NIOC)
Neon Energy
Netherland, Sewell & Associates, Inc.
NiMin Energy Corporation
OAO Lukoil
OAO Tatneft
Occidental Petroleum
Oil India
ONGC
Pacific Rubiales Energy Corporation
Palliser Oil and Gas
Partex
Perenco
Pertamina
PetroAmazonas
PetroAnzoátegui
Petro-Canada
Petrocedeño
PetroChina Co. Ltd
Petroecuador
Petroleo Brasiliero SA (Petrobras)
Petroleos de Venezuela SA (PdVSA)
Petroleos Mexicanos (Pemex)
Petrolera Sinovensa
Petroleum Development Oman (PDO)
Petrominerales Ltd.
Petromonagas
Petroliam Nasional Bhd (Petronas)
Petropiar
PetroVietnam
Pluspetrol
Quip
Repsol
Roc Oil
Rock Energy Inc.
Rosneft
Royal Dutch Shell (Shell)
Saudi Arabian Chevron Inc.
Schlumberger
Sefton Resources
Sertecpet
Sinochem Group
Sinopec
Sonangol
Sonoro Energy Ltd.
Southern Pacific Resources
Statoil
Suelopetrol
Sunwing Energy Ltd.
Surgutneftegaz
Talisman Energy Inc.
TNK-BP
Total
Trafina Energy Ltd.
Trio Petroleum
YPF-Repsol

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Notes for Editors

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