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Azerbaijan's Oilfield Services Market 2013
Azerbaijan's Oilfield Services Market 2013
Released: October 2013
Language: English, Russian
Quanity: 66 pages
Format: book and CD
Delivery: express shipping (2-4 days)
Price: € 2.250
1 EUR = 50 RUB
Price in rubles - 112 500 RUB

The study aims to provide a detailed analysis of Azerbaijan’s oilfield services market, including an overview of oil producers key performance indicators in production, drilling, well interventions, application of enhanced oil recovery techniques, etc.

Separately, we reviewed the drilling segments, including sidetracking, workovers and well servicing, hydraulic fracturing, coiled tubing operations, and cementing. The report offers a forecast of production rates and meters drilled covering the period from 2013 through 2020.

RPI has kept track of the CIS member states oil production sectors for over 20 years, which enables our specialists to develop in-depth analyses of the opportunities and evolutionary risks associated with production projects in these countries. We have used the insights and experience gained in this process as a basis for this report in order to evaluate the growth potential of Azerbaijans oilfield services market.

This study presents detailed data on major oilfield service companies working in Azerbaijan and their historical business performance. It thoroughly reviews the investment climate in each country and potential risks, and analyses new players opportunities for entering Azerbaijans oilfield services market.

The key sections of the report provide insights on the following:
  • Key performance data for the exploration and production sector. This section presents the sectors major performance indicators: meters drilled, rates of production, and scopes of well servicing and workover operations.
  • Overview of major customers. This section looks at customer requirements for drilling, well intervention and enhanced oil recovery applications. It also discusses the sectors new promising projects.
  • Key customer profiles. The section focuses on the companies main operating regions and services they provide, as well as on the oilfield service companies productive capabilities.
  • Medium-term forecast of production and drilling for 2013 through 2020. This section assesses the future prospects of major production projects and producers drilling plans.
  • Comments on the future of oilfield service providers operations in Azerbaijans market. The section offers insights on oilfield service companies growth prospects in Azerbaijans market (in particular identifying promising market segments), analyses the main risks and offers recommendations regarding individual companies potential presence in the region.
This product could be an important strategic decision-making tool for oilfield service providers and oilfield service equipment manufacturers that consider Azerbaijans market as part of their business growth plans. The report helps evaluate opportunities for oilfield service providers involvement in major oil and gas production projects in Azerbaijan and better understand risks and risk mitigation approaches.

The forecasts and assumptions regarding the probable future growth of Azerbaijans oilfield services market, including the projections of production and drilling contained in the study, are based on a thorough analysis of information obtained from reliable sources. This allows us to predict growth prospects, opportunities, risks and threats for both the sector as a whole and its individual players.

Conclusions

1 Main indicators of the oil and gas industry

1.1 Oil Production

1.2 Gas Production

2 Oil Field Services Market of Azerbaijan

2.1 Drilling

2.1.1 Production Drilling

2.1.2 Exploration drilling

2.2 Well Servicing and Workover

2.3 Main Customers

2.3.1 SOCAR

2.3.2 AIOC

2.3.3 Shakh-Deniz

2.3.4 Absheron project

2.3.5 Bakhar Energy

2.3.6 Salyan Oil

2.3.7 JV Shirvan Oil

2.3.8 Karasu Operating Company

2.3.9 Binagadi Neft

2.3.10 Absheron Operating Company

2.3.11 Surakhan Oil Company

2.3.12 B Shafag-Asiman Ltd

2.4 Main Contractor Profiles

2.4.1 SOCAR-AQŞ

2.4.2 AzeriMI Drilling Fluids Ltd. SP

2.4.3 Caspian Drilling Company Ltd.

2.4.4 Deutag

2.4.5 Gulf Drilling

2.4.6 Weatherford

2.4.7 Schlumberger

3 Forecasts for Oil and Gas Production in 2012-2020

3.1 Forecasts for Oil and Gas Production

3.2 Drilling Forecasts

3.2.1 Exploration Drilling

3.2.2 Production Drilling

4 Commentary on prospects for entering the Turkmenian market

Chart 1. Forecasts of oil field services market dynamics in Azerbaijan, 2011-2020, USD million.

Chart 2. Contributions by segments to the growth of the oil field services market in Azerbaijan, 2012-2020, %%

Chart 1-1. Oil production in Azerbaijan in 1996-2012, mln. tons

Chart 1-2. Gas production in Azerbaijan in 2001-2012, bcm per annum

Chart 2-1. Drilling in Azerbaijan in 2010-2012, thousand meters

Chart 2-2. Drilling in Azerbaijan in 2012 by main customers, thousand meters(% share)

Chart 2-3. Drilling market shares of the main contractors in Azerbaijan in 2012, %

Chart 2-4. Production drilling in Azerbaijan by main customers in 2009-2012, thousand meters

Chart 2-5. Production drilling by SOCAR in Azerbaijan in 2002-2012, thousand meters

Chart 2-6. Exploration drilling of SOCAR in Azerbaijan in 2002-2012, thousand meters

Chart 2-7. Wells drilled by Salyan Oil in 2005- 2011, units.

Chart 3-1. Forecasts of oil and gas condensate production in Azerbaijan until 2020, mln. tons per annum

Chart 3-2. Oil production scenarios for AChG: current and early projections, thousand bpd

Chart 3-3. Forecsts of gas production in Azerbaijan until 2020, billion cubic meters per annum

Chart 3-4. Exploration drilling forecasts for the Azeri Caspian shelf until 2020, thousand meters per annum

Chart 3-5. Production drilling forecasts for the Azeri Caspian shelf area until 2020, thousand meters per annum

Table 1. Oil services market capacity of Azerbaijan by segments, USD million, 2012

Table 2. Profile of the production and oil field services industry of Azerbaijan

Table 1-1. Azerbaijan’s oil projects with foreign participation

Table 1-2. Oil production in Azerbaijan by production companies in 2009-2012, thousand tons

Table 1-3. Azerbaijans gas projects involving foreign companies

Table 1-4. Gas production in Azerbaijan in 2009-2012, mcm per annum

Table 2-1. Prospecting drilling in Azerbaijan by companies in 2010-2012 (thousand meters, completed wells)

Table 2-2. Dynamics of active and inactive wells in Azerbaijan, 2008-2011

Table 2-3. Well stock of SOCAR as of July 1, 2011.

Table 2-4. Performance indicators for SOCAR, 2011-2012

Table 2-5. Dynamics of the well stock and productivity at AChG in 2009-2012

Table 2-6. Well drilling at the Azeri-Chirag-Gyuneshli contract territory in 2010-2012

Table 2-7. Performance indicators for the project "Shah-Deniz" for 2011-2012

Table 2-8. Perfomans indicators for Bakhar Energy, 2011-2012

Table 2-9. Bakhar Energy field development program for 5 years, 2012-2015

Table 2-10. Performance indicators for Shirvan Oil, 2011-2012

Table 2-11. Performance indicators for Karasu Operating Company, 2010-2012

Table 2-12. Performance indicators for Binagadi Neft, 2010-2012

Table 2-13. Performance indicators for Absheron Operating Company, 2010-2012

Table 2-14. Performance indicators for «Surakhan Oil Company»,2009-2012

Table 2-15 Key service companies operating in Azerbaijan, 2012

Table 2-16. Production capacity of key service companies in Azerbaijan, units, 2012

Table 2-17. Drilling rigs of KCA DEUTAG in Azerbaijan

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