Over the past 20 years, RPI has carried out hundreds of studies on all major segments of the oil and gas industry of Russia, CIS and Eastern Europe.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
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 2012 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 Azerbaijan’s 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 Azerbaijan’s oilfield services market.
The key sections of the report provide insights on the following:
The forecasts and assumptions regarding the probable future growth of Azerbaijan’s 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.
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 Azerbaijan’s 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 Azerbaijan’s 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 sector’s 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 sector’s 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 2012 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 Azerbaijan’s market. The section offers insights on oilfield service companies’ growth prospects in Azerbaijan’s market (in particular identifying promising market segments), analyses the main risks and offers recommendations regarding individual companies’ potential presence in the region.
The forecasts and assumptions regarding the probable future growth of Azerbaijan’s 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 Surakhanó Oil Company
2.3.12 BÐ 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 ÊÑÀ 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
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 Surakhanó Oil Company
2.3.12 BÐ 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 ÊÑÀ 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 1996-2011, mln. tons
Chart 1-2. Gas production in Azerbaijan in 2001-2011, bcm per annum
Chart 2-1. Drilling in Azerbaijan in 2010-2011, thousand meters
Chart 2-2. Drilling in Azerbaijan in 2011 by main customers, thousand meters(% share)
Chart 2-3. Drilling market shares of the main contractors in Azerbaijan in 2011, %
Chart 2-4. Production drilling in Azerbaijan by main customers in 2009-2011, thousand meters
Chart 2-5. Production drilling by SOCAR in Azerbaijan in 2002-2011, thousand meters
Chart 2-6. Exploration drilling of SOCAR in Azerbaijan in 2002-2011, 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, mln.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
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 1996-2011, mln. tons
Chart 1-2. Gas production in Azerbaijan in 2001-2011, bcm per annum
Chart 2-1. Drilling in Azerbaijan in 2010-2011, thousand meters
Chart 2-2. Drilling in Azerbaijan in 2011 by main customers, thousand meters(% share)
Chart 2-3. Drilling market shares of the main contractors in Azerbaijan in 2011, %
Chart 2-4. Production drilling in Azerbaijan by main customers in 2009-2011, thousand meters
Chart 2-5. Production drilling by SOCAR in Azerbaijan in 2002-2011, thousand meters
Chart 2-6. Exploration drilling of SOCAR in Azerbaijan in 2002-2011, 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, mln.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, 2011
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 2009-2011, thousand tons
Table 1-3. Azerbaijan’s gas projects involving foreign companies
Table 1-4. Gas production in Azerbaijan in 2009-2011, mcm per annum
Table 2-1. Prospecting drilling in Azerbaijan by companies in 2010-2011 (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
Table 2-5. Dynamics of the well stock and productivity at AChG in 2009-2011
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
Table 2-8. Perfomans indicators for Bakhar Energy, 2011
Table 2-9. Field development program for 5 years
Table 2-10. Performance indicators for Shirvan Oil, 2011
Table 2-11. Performance indicators for Karasu Operating Company, 2011
Table 2-12. Performance indicators for Binagadi Neft, 2011
Table 2-13. Performance indicators for Absheron Operating Company, 2011
Table 2-14 Key service companies operating in Azerbaijan, 2011
Table 2-15. Production capacity of key service companies in Azerbaijan, units, 2011
Table 2-16. Drilling rigs of KCA DEUTAG in Azerbaijan
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 2009-2011, thousand tons
Table 1-3. Azerbaijan’s gas projects involving foreign companies
Table 1-4. Gas production in Azerbaijan in 2009-2011, mcm per annum
Table 2-1. Prospecting drilling in Azerbaijan by companies in 2010-2011 (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
Table 2-5. Dynamics of the well stock and productivity at AChG in 2009-2011
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
Table 2-8. Perfomans indicators for Bakhar Energy, 2011
Table 2-9. Field development program for 5 years
Table 2-10. Performance indicators for Shirvan Oil, 2011
Table 2-11. Performance indicators for Karasu Operating Company, 2011
Table 2-12. Performance indicators for Binagadi Neft, 2011
Table 2-13. Performance indicators for Absheron Operating Company, 2011
Table 2-14 Key service companies operating in Azerbaijan, 2011
Table 2-15. Production capacity of key service companies in Azerbaijan, units, 2011
Table 2-16. Drilling rigs of KCA DEUTAG in Azerbaijan
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