A guide to the oil & gas industry

The strategic commodity

As the dominant source of our energy needs for the better part of the last sixty

years, crude oil has held influence over the politics and economic strategies of

nations more than any other commodity, frequently proving the source of

instability, dispute and war. From the birth of Standard Oil through the

expropriation of Yukos, the oil industry has similarly found itself the subject of

frequent controversy, with the companies involved often achieving profits and

wielding power greater than the nations in which they are based. For an industry

that, at its most basic involves little more than drilling a hole in the ground in the

hope of finding the ‘black stuff’, the modern day oil industry is a remarkable

amalgam of politics, economics, science and technology. Huge and diverse, it is

also one that can at times prove bewildering, and not just for the uninitiated.

With this in mind, the global oils team at Deutsche Bank has sought to create a

product that might prove of use for beginners and old hands alike. Oil & Gas for

Beginners is not intended to be read from cover to cover but is meant to be kept

on your shelf as an easy to use reference guide. Structured in three parts it

contains contributions from Deutsche Bank’s global team of oil & gas analysts,

many with backgrounds in the industry as well as drawing on Deutsche Bank’s

longstanding relationship with Wood Mackenzie, one of the industry’s leading

research houses. In the initial Industry section we look at what shaped today’s

industry, the geology of oil, and its applications together with how it’s found, how

it’s extracted & refined and how it’s taxed. In the second Countries Section we

review the oil & gas production outlook and histories for the leading OPEC and

non-OPEC producers including details of the major fields, their tax systems,

energy infrastructure and, of course, the status of their reserves. Finally, in the

Companies section we review the portfolios of thirteen of the leading international

oil companies that comprise the bulk of the oil & gas sector’s stock market

capitalisation, providing asset value breakdowns and an overview of their major

business activities and growth projects.

on your shelf as an easy to use reference guide. Structured in three parts it

contains contributions from Deutsche Bank’s global team of oil & gas analysts,

many with backgrounds in the industry as well as drawing on Deutsche Bank’s

longstanding relationship with Wood Mackenzie, one of the industry’s leading

research houses. In the initial Industry section we look at what shaped today’s

industry, the geology of oil, and its applications together with how it’s found, how

it’s extracted & refined and how it’s taxed. In the second Countries Section we

review the oil & gas production outlook and histories for the leading OPEC and

non-OPEC producers including details of the major fields, their tax systems,

energy infrastructure and, of course, the status of their reserves. Finally, in the

Companies section we review the portfolios of thirteen of the leading international

oil companies that comprise the bulk of the oil & gas sector’s stock market

capitalisation, providing asset value breakdowns and an overview of their major

business activities and growth projects.

Beginners is not intended to be read from cover to cover but is meant to be kept

on your shelf as an easy to use reference guide. Structured in three parts it

contains contributions from Deutsche Bank’s global team of oil & gas analysts,

many with backgrounds in the industry as well as drawing on Deutsche Bank’s

longstanding relationship with Wood Mackenzie, one of the industry’s leading

research houses. In the initial Industry section we look at what shaped today’s

industry, the geology of oil, and its applications together with how it’s found, how

it’s extracted & refined and how it’s taxed. In the second Countries Section we

review the oil & gas production outlook and histories for the leading OPEC and

non-OPEC producers including details of the major fields, their tax systems,

energy infrastructure and, of course, the status of their reserves. Finally, in the

Companies section we review the portfolios of thirteen of the leading international

oil companies that comprise the bulk of the oil & gas sector’s stock market

capitalisation, providing asset value breakdowns and an overview of their major

business activities and growth projects.

on your shelf as an easy to use reference guide. Structured in three parts it

contains contributions from Deutsche Bank’s global team of oil & gas analysts,

many with backgrounds in the industry as well as drawing on Deutsche Bank’s

longstanding relationship with Wood Mackenzie, one of the industry’s leading

research houses. In the initial Industry section we look at what shaped today’s

industry, the geology of oil, and its applications together with how it’s found, how

it’s extracted & refined and how it’s taxed. In the second Countries Section we

review the oil & gas production outlook and histories for the leading OPEC and

non-OPEC producers including details of the major fields, their tax systems,

energy infrastructure and, of course, the status of their reserves. Finally, in the

Companies section we review the portfolios of thirteen of the leading international

oil companies that comprise the bulk of the oil & gas sector’s stock market

capitalisation, providing asset value breakdowns and an overview of their major

business activities and growth projects.

on your shelf as an easy to use reference guide. Structured in three parts it

contains contributions from Deutsche Bank’s global team of oil & gas analysts,

many with backgrounds in the industry as well as drawing on Deutsche Bank’s

longstanding relationship with Wood Mackenzie, one of the industry’s leading

research houses. In the initial Industry section we look at what shaped today’s

industry, the geology of oil, and its applications together with how it’s found, how

it’s extracted & refined and how it’s taxed. In the second Countries Section we

review the oil & gas production outlook and histories for the leading OPEC and

non-OPEC producers including details of the major fields, their tax systems,

energy infrastructure and, of course, the status of their reserves. Finally, in the

Companies section we review the portfolios of thirteen of the leading international

oil companies that comprise the bulk of the oil & gas sector’s stock market

capitalisation, providing asset value breakdowns and an overview of their major

business activities and growth projects.

Although Oil & Gas for Beginners is intended as a beginners guide we hope that

it will also find favour with the more experienced reader. Overall, we trust that our

audience will find it a useful document and entrust it with a permanent slot on an

already overcrowded desk. So for those of you who want to know more about the

life cycle of a basin, the Earth’s geologic clock or any number of industry relevant

themes read on. We hope that what you find will prove both interesting and

informative.

it will also find favour with the more experienced reader. Overall, we trust that our

audience will find it a useful document and entrust it with a permanent slot on an

already overcrowded desk. So for those of you who want to know more about the

life cycle of a basin, the Earth’s geologic clock or any number of industry relevant

themes read on. We hope that what you find will prove both interesting and

informative.

it will also find favour with the more experienced reader. Overall, we trust that our

audience will find it a useful document and entrust it with a permanent slot on an

already overcrowded desk. So for those of you who want to know more about the

life cycle of a basin, the Earth’s geologic clock or any number of industry relevant

themes read on. We hope that what you find will prove both interesting and

informative.