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Equatorial Guinea Oil and Gas Report Q1 2013 - Product Image

Equatorial Guinea Oil and Gas Report Q1 2013

  • Published: November 2012
  • Region: Equatorial Guinea, Guinea
  • 72 pages
  • Business Monitor International

FEATURED COMPANIES

  • Company Monitor
  • Gazprom Neft – Summary
  • Hess – Summary
  • Noble Energy – Summary
  • Others – Summary
  • Repsol – Summary
  • MORE

BMI View:

Ophir's latest gas discoveries put the development of a second train at the Equatorial Guinea LNG (EGLNG) facility within reach. A final investment decision (FID) on the project has not been made been, but planed exploration offshore could help prove up the resources to support the long-proposed expansion. While we expect declining liquids production from maturing fields to be offset by new volumes from Noble Energy's Aseng and Alen fields, without new exploration and production (E&P) we forecast oil production will fall after 2015.

The key trends and developments in Equatorial Guinea’s oil & gas sector are:

- BMI expects oil production to reach 313,000 barrels per day (b/d) in 2012, before peaking at 320,500b/d in 2015. Production growth will be driven almost entirely by new production from Noble Energy’s Aseng and Alen developments. This will offset declining output from the flagship Zafiro field. Beyond 2016, we anticipate a steady decline in production unless further investment is made in exploration and production (E&P).

- Equatorial Guinea remains overly dependent on hydrocarbons production, which generates 78.0% of READ MORE >

BMI Industry View 5

SWOT Analysis 6

Equatorial Guinea Oil and Gas SWOT 6

Industry Forecast Scenario 7

Oil And Gas Reserves 7
Table: Equatorial Guinea Proven Oil & Gas Reserves And Total Petroleum Data – Historical Data And Forecasts, 2010-2016 7
Table: Equatorial Guinea Proven Oil & Gas Reserves And Total Petroleum Data – Long-Term Forecasts, 2015-2021 8

Oil Supply And Demand 10
Table: Equatorial Guinea Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 10
Table: Equatorial Guinea Oil Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 11

Gas Supply And Demand 14
Table: Equatorial Guinea Gas Production, Consumption And Net Exports – Historical Data & Forecasts, 2010-2016 14
Table: Equatorial Guinea Gas Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 15

LNG 17

Refining And Oil Products Trade 18
Table: Equatorial Guinea Refining – Production And Consumption – Historical Data & Forecasts, 2010-2016 18
Table: Equatorial Guinea Refining – Production And Consumption – Long-Term Forecasts 2015-2021 19

Revenues/Import Costs 19

Equatorial Guinea Risk/Reward Ratings 21

Equatorial Guinea Upstream Rating – Overview 21

Equatorial Guinea Downstream Rating – Overview 21

Regional Risk/Reward Ratings 22
Table: Africa's Oil & Gas Risk/Reward Ratings 23
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings 25
Table: Proposed And Planned Refineries In Africa 28
Table: Africa's Downstream Risk/Reward Scores 29

Equatorial Guinea Energy Market Overview 30

Overview/State Role 30

Licensing And Regulation 31

Government Policy 31

Licensing Rounds 31

International Energy Relations 32
Table: Equatorial Guinea – Upstream Projects Database 32

Oil And Gas Infrastructure 33

Oil Refineries 33
Table: Downstream Projects 33

Service Stations 33

Oil Terminals 33

Oil Pipelines 34

LNG Terminals 34

Company Monitor 35

GEPetrol 35

ExxonMobil 37

Marathon Oil 39

Hess – Summary 41

Noble Energy – Summary 41

Ophir Energy – Summary 42

Gazprom Neft – Summary 42

Repsol – Summary 42

PA Resources – Summary 43

Total – Summary 43

Roc Oil – Summary 43

Others – Summary 43

Regional Energy Market Outlook 45

Global Energy Market Outlook 50
Table: Global Oil Demand Forecasts – A Comparison 52

Africa – Regional Appendix 56
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 56
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 56
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 57
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 58
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 58
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 59
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 59
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 60
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 61
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 61

LNG Net Exports – Historical Data & Forecasts, 2009-2016 (bcm) 62

LNG Net Exports – Long-Term Forecasts, 2014-2021 (bcm) 62

Methodology And Risks To Forecasts 63

Oil And Gas Risk/Reward Ratings Methodology 64

Ratings Overview 64
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 65

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

Glossary Of Terms 68
Table: Glossary Of Terms 68

BMI Methodology 70

How We Generate Our Industry Forecasts 70

Energy Industry 70

Cross checks 71

Sources 71

Company Monitor
GEPetrol
ExxonMobil
Marathon Oil
Hess – Summary
Noble Energy – Summary
Ophir Energy – Summary
Gazprom Neft – Summary
Repsol – Summary
PA Resources – Summary
Total – Summary
Roc Oil – Summary
Others – Summary

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