Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.

Ranking the world’s top places for oil and gas investment

08.01.2011  |  Thinnes, Billy,  Hydrocarbon Processing Staff, Houston, TX


Mississippi is ranked as the top place in the world for oil and gas investment, according to the opinions of international petroleum executives and managers in the Fraser Institute’s Global Petroleum Survey 2011. Mississippi, which was ranked sixth out of 133 jurisdictions in 2010, vaulted into the top spot this year. Along with Mississippi, US states dominated the top 10 (Table 1), with Ohio finishing second overall, followed by Kansas (third), Oklahoma (fourth), Texas (fifth), West Virginia (sixth), Alabama (eighth) and North Dakota (10th).

Netherlands—North Sea and Hungary (ranked seventh and ninth, respectively) are the only jurisdictions outside North America to crack the top 10. The province of Saskatchewan is the highest-ranked Canadian jurisdiction, finishing 11th overall.

The survey also shows the US offshore/Gulf of Mexico experiencing one of the largest drops in the rankings, plummeting to 60th place overall after finishing 11th in the 2010 survey, which was conducted before the Deepwater Horizon oil leak.


Several other US jurisdictions also earned poor scores for environmental regulations and associated uncertainties. US Pacific/offshore was ranked 101st overall, the worst among the 23 US jurisdictions included in this year’s survey, after finishing 103rd last year. California was the lowest-ranked state, dropping to 91st from 87th in 2010.

“Survey respondents pointed to California’s complex environmental restrictions, and lengthy wait times to attain drilling approvals, as highly unattractive,” Mr. Angevine said.

Alaska, which respondents ranked as the second-least attractive state this year, plummeted to 83rd overall from 68th in 2010. Survey respondents remain critical of Alaska’s fiscal regime, environmental regulations and land claims issues.

Globally, the top 10 most attractive jurisdictions in this year’s survey are: Mississippi, Ohio, Kansas, Oklahoma, Texas, West Virginia, Netherlands-North Sea, Alabama, Hungary and North Dakota.

The least attractive jurisdictions (Table 2) are: Venezuela, Ecuador, Bolivia, Iran, Kazakhstan, Uzbekistan, Democratic Republic of Congo—Kinshasa, Iraq, Libya and Russia. All but three of these countries (Uzbekistan, the Democratic Republic of the Congo—Kinshasa and Libya) were also among the group of 10 least desirable jurisdictions for investment in the 2010 survey. The three countries displaced from this group were Ukraine, Nigeria and Turkmenistan, each of which achieved somewhat better results this year than in 2010.  HP


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.


This is all in benefit of "the people". No one else in the world is able to give all these simultaneous honors to a country. Thanks!! You all deserve the best treatment you can get in The Hague, several rooms are ready and waiting for you!!

Cesar Morales

Thanks Hugo Chavez, and all of his supporters and collaborators for bringing Venezuela on the TOP 10 list for WORST PLACES TO INVEST in oil and gas. We are also proud of recently achieving the top inflation world ranking as well as one of most unsafe places in the world to live in. This is all in benefit of "the people". No one else in the world is able to give all these simultaneous honors to a country. Thanks!! You all deserve the best treatment you can get in The Hague, several rooms are ready and waiting for you!!


What a shame! Before 2003 Venezuela was among the leaders in investment for research in oil and gas. Now, with a payroll twice the amount of 2003, is ranked No. 1 as the worst country for that kind of investment. And there is no hope to improve that.

Related articles


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry


As low oil prices make naphtha cracking margins in Europe and Asia more competitive, are investments in new, ethane-based petrochemicals capacity in the US and Middle East becoming less attractive?




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2015 Hydrocarbon Processing. © 2015 Gulf Publishing Company.