• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Oman Oil and Gas Report Q4 2012 - Product Image

Oman Oil and Gas Report Q4 2012

  • ID: 2299581
  • November 2012
  • Region: Oman
  • 79 pages
  • Business Monitor International

FEATURED COMPANIES

  • BP – Summary
  • CNPC
  • MOL – Summary
  • OOCEP – Summary
  • Petrogas – Summary
  • RAK Petroleum
  • MORE

BMI View:

With some major mission-critical energy projects in the pipeline, there is reason for confidence in Oman’s approach to investment in its hydrocarbons sector. With BP preparing to make a commitment to proceed with a $20bn tight gas development in Oman, one of the more encouraging signs is the willingness of the authorities to consider more commercial gas prices as an incentive for international oil companies (IOCs). A precedent has been set with a fertiliser project, which will involve buying gas at an escalating price – up to US$3/MMBTU, which is well above the traditional Gulf US$1/MMBTU domestic price levels.

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

- BMI sees Oman’s proven oil reserves rising from 5.5bn barrels (bbl) in 2011 to 5.9bn bbl by 2013/14, but falling to less than 5.2bn bbl over the long-term forecast period to 2021. The success of enhanced oil recovery (EOR) is critical both in terms of raising estimates of recoverable oil, and in terms of oil production levels.

- Total production of crude oil and condensates increased 2.35% to 28.58mn barrels, or 921,985b/d, in August 2012 READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BP – Summary
  • CNPC
  • MOL – Summary
  • OOCEP – Summary
  • Petrogas – Summary
  • RAK Petroleum
  • MORE

BMI Industry View 5

SWOT Analysis 6

Oman Oil and 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

Oman Energy Market Overview 22
Table: Upstream Projects Database 22

Industry Forecast Scenario 25
Table: Oman Oil & Gas – Historical Data And Forecasts, 2009-2016 25
Table: Oman Oil & Gas – Long-Term Forecasts, 2014-2021 26

Oil and Gas Reserves 28

Oil Supply and Demand 29

Gas Supply And Demand 31

LNG 32

Refining And Oil Products Trade 32

Revenues/Import Costs 32

Key Risks To our Forecast Scenario 33

Oil and Gas Infrastructure 34

Oil Refineries 34
Table: Refineries In Oman 34

LNG Terminals 34
Table: LNG Terminals In Oman 35

Gas Pipelines 35

Regional and Country Risk/Reward Ratings 36
Table: Oil and Gas Risk/Reward Ratings 37
Table: Middle East Upstream Oil and Gas Risk/Reward Ratings 38
Table: Middle East Downstream Oil and Gas Risk/Reward Ratings 38

Oman Upstream Rating – Overview 39

Oman Upstream Rating – Rewards 39

Oman Upstream Rating – Risks 39

Oman Downstream Rating – Overview 39

Competitive Landscape 40

Executive Summary 40
Table: Key Companies In Oman’s Energy Sector 41

Overview/State Role 42

Licensing And Regulation 42

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

Company Monitor 45

Petroleum Development Oman (PDO) 45

Shell Oman Marketing Company 48

Oman Oil Company (OOC) 50

Occidental Petroleum (Oxy) 53

RAK Petroleum 55

CNPC 57

Oman Refineries And Petrochemicals Company – Summary 59

OOCEP – Summary 59

Total – Summary 59

BP – Summary 59

MOL – Summary 60

PTTEP – Summary 61

Petrogas – Summary 61

Tethys Oil – Summary 61

Circle Oil – Summary 62

Petroci/Rex Oil and Gas – Summary 63

Others – Summary 63

Middle East – Regional Appendix 65
Table: Oil Consumption, 2009-2016 (’000b/d) 65
Table: Oil Consumption, 2014-2021 (’000b/d) 65
Table: Oil Production, 2009-2016 (’000b/d) 66
Table: Oil Production, 2014-2021 (’000b/d) 66

Table : Refining Capacity, 2009-2016 (’000b/d) 66
Table: Refining Capacity, 2014-2021 (’000b/d) 67
Table: Gas Consumption, 2009-2016 (bcm) 67
Table: Gas Consumption, 2014-2021 (bcm) 68
Table: Gas Production, 2009-2016 (bcm) 68
Table: Gas Production, 2014-2021 (bcm) 69
Table: Net LNG Exports, 2009-2016 (bcm) 69
Table: Net LNG Exports, 2014-2021 (bcm) 69

Methodology And Risks To Forecasts 70

Glossary Of Terms 71
Table: Glossary Of Terms 71

Oil And Gas Risk/Reward Ratings Methodology 73

Ratings Overview 73
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 74

Indicators 74
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 74
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 75

BMI Methodology 77

How We Generate Our Industry Forecasts 77

Energy Industry 77

Cross checks 78

Sources 78

Note: Product cover images may vary from those shown

Company Monitor
Petroleum Development Oman (PDO)
Shell Oman Marketing Company
Oman Oil Company (OOC)
Occidental Petroleum (Oxy)
RAK Petroleum
CNPC
Oman Refineries And Petrochemicals Company – Summary
OOCEP – Summary
Total – Summary
BP – Summary
MOL – Summary
PTTEP – Summary
Petrogas – Summary
Tethys Oil – Summary
Circle Oil – Summary
Petroci/Rex Oil and Gas – Summary
Others – Summary

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos