To return to a theme...
What do you make of the following list?
#1 Mississippi
#2 Ohio
#3 Kansas
#4 Oklahoma
#5 Texas
#6 West Virginia
#7 Netherlands – North Sea
#8 Alabama
#9 Hungary
#10 North Dakota
Believe it or not, this is the ‘top 10’ of the most attractive opportunities for oil & gas investment worldwide according to a recent (2011) survey of “502 respondents representing 478 companies”.
The ‘bottom 10’ were Venezuela, Ecuador, Bolivia, Iran, Kazakhstan, Uzbekistan, Democratic Republic (Kinshasa), Iraq, Libya and Russia.
Remarkable declines in investment attractiveness were experienced by the US Gulf of Mexico, the Philippines, Uganda, Brunei, Uruguay, Angola, Democratic Republic (Kinshasa), Cameroon, Equatorial Guinea and offshore Alaska.
Interestingly, the 17 factors surveyed do not seem to include whether the opportunity has any oil and gas and if so how much!
Hmm, I wonder what CNPC, Sinopec and CNOOC’s list – there will be only one – looks like?
Hang on, we know what their list looks like! It looks like this: Australia, Indonesia, Thailand, Myanmar, Mongolia, Kazakhstan, Uzbekistan, Turkmenistan, Iran, Qatar, Oman, Iraq, Syria, Libya, Sudan, Kenya, Uganda, Congo, Equatorial Guinea, Gabon, Cameroon, Niger, Chad, Nigeria, Tunisia, Algeria, Liberia, Mauritania, Angola, Argentina, Chile, Uruguay, Paraguay, Bolivia, Peru, Ecuador, Colombia, Brazil, Venezuela, Trinidad, Costa Rica, Mexico.
Plus the South and East China Seas...