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Bahrain Oil and Gas Report Q4 2012 - Product Image

Bahrain Oil and Gas Report Q4 2012

  • Published: November 2012
  • Region: Bahrain
  • 62 pages
  • Business Monitor International


  • Chevron Bahrain
  • Company Monitor
  • Occidental Petroleum
  • Others – Summary
  • MORE

BMI View:

Always limited in scale, Bahrain’s oil and gas sector is limited in ambition; attempts to produce more oil and gas from its offshore acreage are unlikely to yield material fruit in the near-term.

Perhaps more significant are efforts to move into more lucrative petrochemicals value-adds related to its refining project at Sitra. The prospect of building an LNG receiving terminal is another potentially significant landmark, and the government has served notice that a decision on who to build it is expected before year-end 2012. Political unrest remains a key risk in Bahrain, but under the Saudi-assured security pact, we do not envisage unrest having a significant impact on the sector overall.

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

- BMI sees Bahraini oil production rising to as much as 95,000 barrels per day (b/d) by 2021, in line with efforts to boost output at the mature Bahrain field. We expect oil consumption to grow to almost 60,000b/d.

- We expect both oil and gas reserves to decline in the period 2012-2021, pending new discoveries. Oil reserves are expected to fall to 112mn barrels (bbl) READ MORE >

BMI Industry View 5

SWOT Analysis 7

Bahrain Oil and Gas SWOT 7

Global Energy Market Outlook 8

Oil: Getting Closer To Emerging Markets Inflection Point 8
Table: Oil Consumption Forecasts, 2010-2016 (’000b/d) 10
Table: Oil Production Forecasts, 2010-2016 (’000b/d) 12

Regional Energy Market Outlook 16

Bahrain Energy Market Overview 23

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

Oil and Gas Reserves 27

Oil Supply And Demand 27

Gas Supply And Demand 28

LNG 28

Refining and Oil Products Trade 29

Revenues/Import Costs 29

Key Risks To our Forecast Scenario 29

Oil and Gas Infrastructure 30

Oil Refineries 30
Table: Refineries In Bahrain 30

Oil Storage Facilities 31

Service Stations 31

Oil Pipelines 31

Gas Pipelines 31

Regional and Country Risk/Reward Ratings 32

Oil and Gas Risk/Reward Ratings 33

Middle East Upstream Oil and Gas Risk/Reward Ratings 34

Middle East Downstream Oil and Gas Risk/Reward Ratings 34

Bahrain Upstream Rating – Overview 35

Bahrain Upstream Rating – Rewards 35

Bahrain Upstream Rating – Risks 35

Bahrain Downstream Rating – Overview 35

Competitive Landscape 36

Executive Summary 36
Table: Key Domestic And Foreign Companies In The Bahrain Oil And Gas Sector 37

Overview/State Role 37

Licensing And Regulation 37

Government Policy 37

Licensing Rounds 38

International Energy Relations 38
Table: Key Upstream Players 38
Table: Key Downstream Players 38

Company Monitor 39

Bahrain Petroleum Company (BAPCO) 39

Bahrain National Gas Company (Banagas) 41

Chevron Bahrain 43

Occidental Petroleum 45

Gulf Petrochemical Industries – Summary 47

Others – Summary 47

Middle East – Regional Appendix 48
Table: Oil Consumption, 2009-2016 (’000b/d) 48
Table: Oil Consumption, 2014-2021 (’000b/d) 48
Table: Oil Production, 2009-2016 (’000b/d) 49
Table: Oil Production, 2014-2021 (’000b/d) 49

Table : Refining Capacity, 2009-2016 (’000b/d) 49
Table: Refining Capacity, 2014-2021 (’000b/d) 50
Table: Gas Consumption, 2009-2016 (bcm) 50
Table: Gas Consumption, 2014-2021 (bcm) 51
Table: Gas Production, 2009-2016 (bcm) 51
Table: Gas Production, 2014-2021 (bcm) 52
Table: Net LNG Exports, 2009-2016 (bcm) 52
Table: Net LNG Exports, 2014-2021 (bcm) 52

Glossary Of Terms 53
Table: Glossary Of Terms 53

Methodology And Risks To Forecasts 55

Oil And Gas Risk/Reward Ratings Methodology 56

Ratings Overview 56
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 57

Indicators 57
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 57
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 58

BMI Methodology 60

How We Generate Our Industry Forecasts 60

Energy Industry 60

Cross checks 61

Sources 61

Company Monitor
Bahrain Petroleum Company (BAPCO)
Bahrain National Gas Company (Banagas)
Chevron Bahrain
Occidental Petroleum
Gulf Petrochemical Industries – Summary
Others – Summary

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