Venezuela Oil and Gas Report Q1 2012

  • ID: 2062685
  • January 2012
  • Region: Venezuela
  • 85 Pages
  • Business Monitor International
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BMI View: Venezuela’s oil sector operates at the extremes. Few, if any, countries can match it in terms of untapped growth potential. The Orinoco heavy oil belt, which covers a vast swath of the country’s heartland, holds tens of billions of barrels of reserves that are only now starting to be developed. At the same time, President Hugo Chavez has implemented some of the most demanding fiscal and operating terms in the world for foreign companies, has repeatedly nationalised assets, severely damaged state-run PdVSA’s ability to manage the oil industry and generally sown a highly volatile and unpredictable operating environment. Indeed, those policies have plagued Venezuela’s oil sector and threaten to derail development of the Orinoco heavy oil belt, which is likely to be the last hope for the country to turn around its flagging oil sector. With that said, our view is that sustained oil prices above US$90/bbl will provide a sufficient financial incentive to sustain much-needed foreign investment in the Orinoco belt. As a result, we are fundamentally bullish about the future oil production, with forecasted growth of 67% over the coming decade pushing production READ MORE >

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BMI Industry View
SWOT Analysis
Venezuela Oil and Gas SWOT
Global Energy Market Outlook
Table: Global Oil Consumption (000b/d), 2009-2016
Table: Global Oil Production (000b/d), 2009-2016
Regional Energy Market Outlook
Oil Supply And Demand
Table: Latin America Oil Consumption (000b/d), 2009-2016
Brazil is doing it
Table: Latin America Oil Production (000b/d), 2009-2016
Oil: Downstream
Table: Latin America Oil Refining Capacity (000b/d), 2009-2016
Gas Supply And Demand
Table: Latin America Gas Consumption (bcm), 2009-2016
Table: Latin America Gas Production (bcm), 2009-2016
Liquefied Natural Gas
Table: Latin America LNG Exports (bcm), 2009-2016
Venezuela Energy Market Overview
Upstream Projects Database Table
Industry Forecast Scenario
Venezuela Oil And Gas – Historical Data And Forecasts, 2009-2016
Oil And Gas Reserves
Oil Supply And Demand
Gas Supply And Demand
Liquefied Natural Gas
Refining And Oil Products Trade
Revenues/Import Costs
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Venezuela
LNG Terminals
Gas Pipelines
Regional and Country Risk/Reward Ratings
Latin America Region
Composite Scores
Table: Regional Composite Risk/Reward Ratings
Upstream Scores
Table: Regional Upstream Risk/Reward Ratings
Downstream Scores
Table: Regional Downstream Risk/Reward Ratings
Competitive Landscape
Executive Summary
Table: Key Players In Venezuela’s Oil And Gas Sector
Overview/State Role
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Licensing And Regulation
Government Policy
Licensing Rounds
International Energy Relations
Table: Key Upstream Players
Table: Key Downstream Players
Company Monitor
Market Position
Market Position
Total Venezuela
Market Position
Repsol YPF Venezuela
Market Position
BP – Summary
Statoil – Summary
Eni – Summary
Petróleo Brasileiro (Petrobras) – Summary
CNPC/Sinopec/CNOOC – Summary
Perenco – Summary
Galp Energia – Summary
BeloVenezolana – Summary
Others – Summary
Former IOC Partners – Summary
Appendix: Oil And Gas Long-Term Forecasts
Regional Oil Demand
Table: Latin America Long-term Oil Consumption (000b/d), 2014-2021
Regional Oil Supply
Table: Latin America Long-term Oil Production (000b/d), 2014-2021
Regional Gas Demand
Table: Latin America Long-Term Gas Consumption (bcm) 2014-2021
Regional Gas Supply
Table: Latin America – Long-Term Gas Production (bcm), 2014-2021
Methodology And Risks To Forecasts
Glossary Of Terms
Oil And Gas Risk/Reward Ratings Methodology
Ratings Overview
Table: BMI’s Oil & Gas Business Environment Ratings – Structure
Table: BMI’s Oil & Gas Upstream Ratings – Methodology
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology
BMI Methodology
How We Generate Our Industry Forecasts
Energy Industry
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Cross checks

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