WORLD’S 10 LARGEST UPSTREAM

OIL & GAS COMPANIES

ARPIT KUMARDEEPAK JAIN

MANISH SANGWANNISHANTH M RAJAN

TOP 10 OIL & GAS COMPANIES BY RESERVES

Rank CompanyWorldwide

Liquids Reserves (109bbl)

Worldwide Natural Gas

Reserves (1012ft3)

Total Reserves in Oil Equivalent

Barrels (109 bbl)

1 Saudi Aramco 260 254 303

2 National Iranian Oil Company 138 948 300

3 Qatar Petroleum 15 905 170

4 Iraq National Oil Company 116 120 134

5 Petróleos de Venezuela 99 171 129

6 Abu Dhabi National Oil Company 92 199 126

7 Kuwait Petroleum Corporation 102 56 111

8 Nigerian National Petroleum Corporation 36 184 68

9 Libya NOC 41 50 50

10 Sonatrach 12 159 39

0

100

200

300

Total Reserves in Oil Equivalent Barrels (109 bbl)

TOP 10 OIL & GAS COMPANIES BY PRODUCTION

Rank Company Production (106 bbl/d)

1 Saudi Aramco 11

2 National Iranian Oil Company 4

3 Kuwait Petroleum Corporation 3.7

4 Iraq National Oil Company 2.7

5 Petróleos de Venezuela 2.6

6 Abu Dhabi National Oil Company 2.6

7 Petróleos Mexicanos 2.5

8 Nigerian National Petroleum Corporation 2.3

9 Libya NOC 2.1

10 Lukoil 1.9

02468

1012

Production (106 bbl/d)

SAUDI ARAMCO

Founded in 1933. Government owned corporation of

the kingdom of Saudi Arabia. Headquarters – Dhahran , Saudi

Arabia. Revenue – US $ 403 Billion (2010). Employees – 54,798 (as of 31,2010).

Saudi Aramco owns the Ghawar Field, the world's largest oil field, and the Shaybah Field, one of the world's largest of its kind.

Offshore Karan gas field launched The first gas from Karan — the company’s first

offshore non-associated gas field project — started flowing earlier last month(26 July 2011) and is being transported by subsea pipeline to the onshore Khursaniyah Gas Plant. Karan, designed to produce 1.8 billion standard cubic feet per day (SCFD) of raw dry gas by 2013.

NATIONAL IRANIAN OIL COMPANY

Founded- 1948 Government owned- Iranian

Government Headquarter- Tehran (Iran) Revenue - US $ 78 Billion (2009) Employees -36000

Azadegan field:- The oil field was discovered in 1999. The first exploration well was drilled in the field in 1976, but its discovery was finalized after drilling the second well in 1999. The field has an approximate area of 900 square kilometers (350 sq mi).

Yadavaran Field:- The field is estimated to have reserves of up to 17 billion barrels (2.7 km³) of oil, with 3 billion barrels (0.5 km³) considered to be recoverable.

On October 29, 2004, Iran negotiated a $70 billion deal with Sinopec, giving the Chinese company a 51% stake in the field's development. As part of the deal, China agreed to buy 10 million metric tons of liquefied natural gas (LNG) from Iran per annum for 25 years.

QATAR PETROLEUM

Founded – 1974 Government owned- Qatar Government Headquarters- Doha (Qatar) Operating Income- QAR 40,864 Millions

(2009) Net Income - QAR 35,207 Millions (2009)

Together, revenues from oil and natural gas amount to 60% of the country’s GDP.

QP operates Qatar’s oil pipeline network, which transports supplies from oil fields to the country’s lone refinery and export terminals. QP operates an expansive offshore pipeline network that brings crude oil from offshore oil fields to Halul Island, where oil can be processed for export. Onshore, most oil is sent to Umm Said for refining or export. Qatar has three primary export terminals: Umm Said, Halul Island, and Ras Laffan.

IRAQ NATIONAL OIL COMPANY Founded -1966 Government owned- Iraq government Headquarter- Baghdad, Iraq

At an operational level, the single national-level company was broken into a series of regional companies, the largest among them being North Oil Company, based in Kirkuk, and South Oil Company, based in Basra.

PETROLEOS DE VENEZUELA

Founded in 1975 Government Owned- Bolevarian

Republic of Venezuela Headquarters- Caracas, Venezuela Revenue - $ 91.18 Billion (2009)

Between 2004 and 2010 PDVSA contributed $61.4 billion to social development funds. Around half of this went directly to various Bolivarian Missions, with the remainder distributed via the National Development Fund

ABU DHABI NATIONAL OIL COMPANY(ADNOC)

Founded in 1971. Owned by Abu Dhabi Government. Headquarters – Abu Dhabi, United

Arab Emirates. Revenue – US$ 17,100 Millions.

ADNOC is one of the world's leading companies by oil reserves. The company operates two oil refineries which are Ruwais and Umm Al Nar. ADNOC has 14 subsidiary companies, both on upstream and downstream.

KUWAIT PETROLEUM CORPORATION

Founded – January 27,1980 Government owned-Government of

Kuwait Headquarter- Ahmadi (Kuwait)

SUBSIDIARIES

Kuwait Oil Company (KOC) Kuwait National Petroleum Company (KNPC) Petrochemicals Industries Company (PIC) Kuwait Oil Tanker Company (KOTC) Kuwait Aviation Fueling Company (KAFCO) Kuwait Foreign Petroleum Exploration Company (KUFPEC) Kuwait Petroleum International Limited (KPI - Q8) Santa Fe International Corporation (SFIC) Kuwait Gulf Oil Company (KGOC) Oil Sector Services Company K-Dow Petrochemicals

NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC)

Established in 1977 Owner - Nigerian Federal Government Headquarters – Abuja, Nigeria Revenue - $500 Millions

SUBSIDIARY COMPANIES

National Petroleum Investment Management Services (NAPIMS) Nigerian Petroleum Development Company (NPDC) The Nigerian Gas Company (NGC) The Products and Pipelines Marketing Company (PPMC) Integrated Data Services Limited (IDSL) Nigerian LNG limited (NLNG) in joint venture National Engineering and Technical Company Limited (NETCO) Hydrocarbon Services Nigeria Limited (HYSON) Warri Refinery and Petrochemical Co. Limited (WRFC) Kaduna Refinery and Petrochemical Co. Limited (KRPC) Port Harcourt Refining Co. Limited (PDRS)

LIBYA NATIONAL OIL COMPANY

Founded - 12 November 1970 Government owned- Government of

Libya Headquarter- Tripoli ,Libya

Libya has attracted hydrocarbon exploration since 1956, when the first wildcat oil well was drilled onshore in the Sirte Basin.

SONATRACH

Founded in December 1963. Algerian government – Owned

company. Headquarters – Algiers, Algeria. Net income – 175 billion dinars($2.4

billion). Employees - 120,000

Operates largest oil field of Algeria Hassi Messaoud. Operates over 2,400 miles of crude oil pipelines in

the country between Hassi Messaoud and export terminals.

Transport 24% of Algeria LPG through own carriers.

Sonatrach also operates oil condensate and LPG pipeline networks that link Hassi R'mel and other fields to Arzew. Sonatrach is expanding the Hassi Messaoud- Azrew pipeline, the longest in the country.

PETROLEOS MEXICANOS

Founded in December 1938. Owned by Mexican Government Headquarters – Mexico city ,Mexico Revenue- US $ 80.6 Billion Employees - 138215 In 1979, Pemex's Ixtoc I exploratory oil well

in the Bay of Campeche suffered a blowout resulting in one of the largest oil spills in history.

LUKOIL

Founded – 1991 Government owned by Government of Russia Headquarters- Moscow , Russia Revenue- US $ 104.9 billion and one of the

largest tax payer in russia of about US $ 30.2 billion

1 % of global oil reserve and 2.2% of global oil production shares about 17.8 % russia oil production.

Second largest trading volume by some foreign company in London Stock Exchange.

SOURCE : LUKOIL OFFICIAL WEBSITE

Exploration and/or production of oil and gas in Russia & 30 other countries like Kazakhstan, Azerbaijan, Uzbekistan, Egypt, Iran, Iraq, Colombia, Venezuela, Belgium, Saudi Arabia, Bulgaria and more.

Company's top managers control over half of Lukoil shares while about 20% is owned by ConocoPhillips.The rest of shares is a free-float. On 24 March 2010, ConocoPhillips announced it would begin selling half of its 20% stake in the company.

REFERENCES

http://www.pemex.com http://www.lukoil.com http://www.sonatrach.co.uk