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Kuwait Oil and Gas Report Q4 2012 - Product Image

Kuwait Oil and Gas Report Q4 2012

  • ID: 2299576
  • November 2012
  • Region: Kuwait
  • 70 pages
  • Business Monitor International

FEATURED COMPANIES

  • Chevron
  • Company Monitor
  • Kuwait Energy – Summary
  • Total – Summary
  • MORE

BMI View:

Kuwait’s rise in output will be relatively slow and steady, and we forecast the country producing 3.5mn barrels per day (b/d) by 2021. However, as the domestic economy grows, a substantial rise in oil consumption will reduce the oil that is available for the export market. We forecast a faster increase in gas production in the second half of our 10-year forecast period, with output going above 16bcm in 2020. Kuwait will remain a net gas importer and refined products exporter.

We highlight these trends and developments in Kuwait’s oil & gas sector:

- BMI forecasts Kuwaiti oil production rising from an estimated 2.5mn b/d in 2011 to 2.9mn b/d by 2016, then over 3.5mn b/d by 2021. The country’s northern oilfields in particular offer potential for significant growth in the years ahead.

- The advance of Project Kuwait, an ambitious scheme to enable international oil companies’
(IOCs) upstream investment, is critical to boosting oil production, given the mature nature of the giant Burgan field. However, bureaucratic gridlock has persistently disrupted the implementation of the plan, hampering investment and therefore weighing READ MORE >

FEATURED COMPANIES

  • Chevron
  • Company Monitor
  • Kuwait Energy – Summary
  • Total – Summary
  • MORE

BMI Industry View 5

SWOT Analysis 6

Kuwait Oil & Gas SWOT 6

Global Energy Market Outlook 7

Oil: Getting Closer To Emerging Markets Inflection Point 7
Table: Oil Consumption Forecasts, 2010-2016 (‘000b/d) 9
Table: Oil Production Forecasts, 2010-2016 (‘000b/d) 11

Regional Energy Market Outlook 15

Kuwait Energy Market Overview 22
Table: Upstream Projects Database 23

Industry Forecast Scenario 24
Table: Kuwait Oil & Gas – Historical Data And Forecasts, 2009-2016 24
Table: Kuwait Oil & Gas – Long Term Forecasts, 2014-2021 25

Oil And Gas Reserves 26

Oil Supply And Demand 27

Gas Supply And Demand 28

LNG 29

Refining And Oil Products Trade 29

Revenues/Import Costs 30

Key Risks To our Forecast Scenario 30

Oil And Gas Infrastructure 31

Oil Refineries 31
Table: Refineries In Kuwait 31

Service Stations 33

Oil Storage Facilities 33

Oil Terminals/Ports 33

Oil Pipelines 34

LNG Terminals 34

Gas Pipelines 34

Gas Booster Stations 34

Regional And Country Risk/Reward Ratings 36
Table: Middle East Oil & Gas Risk/Reward Ratings, Q412 37
Table: Middle East Upstream Oil & Gas Risk/Reward Ratings, Q412 38
Table: Middle East Downstream Oil & Gas Risk/Reward Ratings, Q412 38

Kuwait Upstream Rating – Overview 39

Kuwait Upstream Rating – Rewards 39

Kuwait Upstream Rating – Risks 39

Kuwait Downstream Rating – Overview 39

Competitive Landscape 40

Executive Summary 40
Table: Key Kuwaiti Oil & Gas Sector Players 40

Overview/State Role 41

Licensing And Regulation 41

Government Policy 41

International Energy Relations 43
Table: Key Upstream Players 44
Table: Key Downstream Players 45

Company Monitor 46

Kuwait Petroleum Corporation (KPC) 46

Kuwait National Petroleum Company (KNPC) 49

Chevron 51

Royal Dutch Shell – Summary 53

Total – Summary 53

Oula Fuel Marketing Company – Summary 54

Soor Fuel Marketing Company – Summary 54

Kuwait Energy – Summary 54

Middle East – Regional Appendix 55
Table: Oil Consumption, 2009-2016 (‘000 b/d) 55
Table: Oil Consumption, 2014-2021 (‘000 b/d) 56
Table: Oil Production, 2009-2016 (‘000b/d) 56
Table: Oil Production, 2014-2021 (‘000 b/d) 57

Table : Refining Capacity, 2009-2016 (’000 b/d) 57
Table: Refining Capacity, 2014-2021 (‘000 b/d) 58
Table: Gas Consumption, 2009-2016 (bcm) 58
Table: Gas Consumption, 2014-2021 (bcm) 59
Table: Gas Production, 2009-2016 (bcm) 59
Table: Gas Production, 2014-2021 (bcm) 60
Table: Net LNG Exports, 2009-2016 (bcm) 60
Table: Net LNG Exports, 2014-2021 (bcm) 60

Glossary Of Terms 61
Table: Glossary Of Terms 61

Oil & Gas Risk/Reward Ratings Methodology 63

Ratings Overview 63
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 64

Indicators 65
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 65
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 66

BMI Methodology 68

How We Generate Our Industry Forecasts 68

Energy Industry 68

Cross-checks 69

Sources 69

Company Monitor
Kuwait Petroleum Corporation (KPC)
Kuwait National Petroleum Company (KNPC)
Chevron
Royal Dutch Shell – Summary
Total – Summary
Oula Fuel Marketing Company – Summary
Soor Fuel Marketing Company – Summary
Kuwait Energy – Summary

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