Bright spots

January 2009

Welcome to January's Bright Spots, our round up of oil and gas news in Deloitte. This month we take a look at the outlook for the energy industry in 2009 and provide you with valuable analysis of the UK oil and gas fiscal and regulatory regime. We have also prepared our training schedules for 2009 so that you and your teams can capitalise on industry developments as and when they happen.

- Thought leadership -

2009 industry outlook: Energy and resources

A perspective for the energy industry

As the energy and resources industry entered 2008, common wisdom held that “as energy goes, so goes the economy.” The sector’s outlook for the year was positive: crude oil prices were rising, boosted by constrained supply and increased energy demand among developed nations and emerging markets such as China and India. One year later, the near collapse of the US financial system and evidence of a growing global recession have turned the existing “common wisdom” on its ear. Our recent online article discusses outlook for oil and gas companies as well as the power and utilities sector in 2009.

More > Read the full article

Top

Heads Up: SEC modernises oil and gas company reporting

Oil and gas transaction services

The SEC recently adopted a final rule amending its oil and gas reporting, which is effective for registration statements filed on or after 1 January 2010. The latest issue of the Heads Up discusses this most recent development.

Download > Heads Up Volume 16, Issue 6
(PDF, 6 pages, 153KB)

Top

- Technical -

UK Fiscal and Regulatory Guide

Now available

We have recently updated our UK Fiscal and Regulatory Guide and have made this available for download from our website at no cost. Our Fiscal and Regulatory Guides provide comprehensive analysis of the main fiscal, regulatory and contractual terms applicable to upstream petroleum activities in a chosen country and are available for all significant oil and gas producing nations.

More > Download the UK Fiscal and Regulatory Guide

Top

Results of Brazil's 10th Licensing Round

Executive summary

The results of the 10th Bidding Round of Brazil were announced on 18 December 2008 in Rio de Janeiro when 54 exploration blocks were awarded. The concession agreements are expected to be signed by April 2009.

The Agência Nacional do Petróleo (ANP) offered 130 onshore blocks in the 10th Licensing Round covering 70,370 sq km over seven basins: Sergipe-Alagoas, Amazonas, Paraná, Potiguar, Parecis, Recôncavo and São Francisco.

A total of 48 companies were qualified to bid and the auction had 17 winners including 11 Brazilian and six foreign companies. They have acquired 54 blocks located in eight sectors, comprising an area of 48,000 sq km corresponding to 68% of mature basins and new frontiers offered.

In their proposals, companies offered 40% of the final score in signature bonus, 40% in investments for the Minimum Exploratory Program (MEP) and 20% in the commitment of purchasing local goods and services for Local Content purposes, in order to win the right of concession. As a result, companies committed to invest US$258mn on those areas.

Brazil's 10th Licensing Round map (click for larger version)

All awarded blocks are available in the blocks layer of the upcoming release of PetroView South America.

Top

- Training -

PetroView training

Dates for 2009

The course dates for our 2009 PetroView training courses have been finalised. Introductory and advanced training courses for both our MapInfo and ArcGIS versions of PetroView are available:

Introduction to PetroView: 26 February, 23 April, 25 June, 27 August, 29 October 2009
Advanced PetroView: 27 February, 24 April, 26 June, 28 August, 30 October 2009

The training courses can be customised depending on individual user and company requirements and can be held at our offices and at client sites.

More > Download course descriptions and registration forms

Top

Industry training

The course dates for our suite of industry training courses, covering key topics of the oil and gas industry, are now available. The 2009 programme is as follows:

Power of gas: 27-29 April and 28-30 September 2009
Industry training for professionals in the essentials of gas and LNG.
Future potential: 1-3 June and 9-11 November 2009
Industry training for professionals in the integrated evaluation of upstream hydrocarbon assets.
On the map: 23-24 March, 15-16 June and 7-8 September 2009
Practical ArcGIS for oil and gas professionals.

Please note that early bird discounts are available for all courses when registering up to one month prior to the course date. Please visit our website for specific dates and details.

More > Visit our industry training pages to find out more

Top