Texas top region in the world for oil and gas investment ahead of UAEStaff writer ▼ | December 3, 2015
Of 14 countries with large petroleum reserves, the five that rank as most attractive/least deterrent to investment are Texas, United Arab Emirates, Alberta, Qatar, and Kuwait, according to Fraser Institute.
Oil industry A total of 439 respondents participated in the survey
A total of 439 respondents participated in the survey this year, providing sufficient data to evaluate 126 jurisdictions.
The five least attractive of the large-reserve jurisdictions for investment on the basis of their Policy Perception Index scores (Libya, Venezuela, Russia—Other, Iran, and Iraq) account for over half of the proved oil and gas reserves all the jurisdictions included in the survey. Alberta is the only Canadian jurisdiction with large reserve holdings.
In the group of 38 jurisdictions with medium-sized reserves, the 10 most attractive jurisdictions are: Oklahoma, North Dakota, Norway—North Sea, West Virginia, Louisiana, Norway—Other, Wyoming, US Offshore—Gulf of Mexico, United Kingdom—North Sea, and Pennsylvania. Syria, Ecuador, Ukraine, Indonesia, and Yemen, appear to pose the greatest barriers to upstream investment among medium reserve-size holders.
The only Canadian jurisdiction in this group is British Columbia which ranks 17th (of 38).
Of 66 jurisdictions with relatively small proved oil and gas reserves, the top 10 performers are Netherlands—Offshore, Alabama, Mississippi, Kansas, Arkansas, Saskatchewan, Manitoba, South Australia, New Zealand, and Montana.
Those in this group deemed the least attractive for investment on the basis of poor Policy Perception Index scores are: US Offshore—Pacific, Bangladesh, Timor Gap (JPDA), Myanmar, and Argentina—Mendoza. Ontario, Nova Scotia, New Brunswick, Yukon and the Northwest Territories each rank near the middle of the small reserve holder group. ■