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Philippines Oil and Gas Report Q1 2013 - Product Image

Philippines Oil and Gas Report Q1 2013

  • Published: November 2012
  • Region: Philippines
  • 91 pages
  • Business Monitor International

FEATURED COMPANIES

  • Chevron Philippines
  • Company Profiles
  • Kairiki Energy – Summary
  • Nido Petroleum
  • Others – Summary
  • Otto Energy – Summary
  • MORE

BMI View:

New licensing rounds could lead to a sharp rise in upstream investment, helping to drive long-term growth in reserves and production. However, high oil prices are likely to ensure the country’s oil import bill remains high even as efficiency drives slow demand growth. Rising natural gas demand in the second half of the decade could see the Philippines import its first LNG cargo; however, until a FID is made on an import terminal, BMI will not factor this development into its current forecasts.

The main trends and developments we highlight for the Philippines’ oil & gas sector are:

- In the near term, the Philippines’s total gas production will be determined not by field capacity,
which is substantial, but by the available market for the fuel. The development of the Malampaya gas field, located 80 kilometres (km) off the coast of Palawan Island, has been managed so supply can be sent to purpose-built power stations, and the main demand driver over the near-tomedium term will, therefore, be the domestic electricity sector.

- Over the longer term, there is clear potential for growth in consumption of Filipino gas, but the READ MORE >

BMI Industry View 7

SWOT Analysis 8

Philippines Oil and Gas SWOT 8

Industry Forecast Scenario 9

Oil And Gas Reserves 9
Table: Philippines Proven Oil & Gas Reserves And Total Petroleum Data – Historical Data And Forecasts, 2010-2016 9
Table: Philippines Proven Oil & Gas Reserves And Total Petroleum Data – Long-Term Forecasts, 2015-2021 10

Oil Supply And Demand 11
Table: Philippines Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 11
Table: Philippines Oil Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 12

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

LNG 16

Refining And Oil Products Trade 18
Table: Philippines Refining – Production And Consumption, 2010-2016 18
Table: Philippines Refining – Production And Consumption, 2015-2021 18

Revenues/Import Costs 19

Key Risks To our Forecast Scenario 19

Country Risk/Reward Ratings 20

Philippines Upstream Rating – Overview 20

Philippines Upstream Rating – Rewards 20

Philippines Upstream Rating – Risks 20

Philippines Downstream Rating – Overview 20

Regional Risk/Reward Rating 21
Table: Asia's Oil & Gas Risk/Rewards Ratings 21
Table: Asia Upstream Risk/Reward Ratings 26
Table: Asia Downstream Risk/Reward Ratings 27

Philippines Energy Market Overview 28

Overview/State Role 30

Licensing And Regulation 30

Government Policy 31

Fuel Prices 32

Licensing Rounds 33

International Energy Relations 34
Table: Philippines – Upstream Projects Database 35

Oil And Gas Infrastructure 36

Oil Refineries 36
Table: Downstream Projects 36

Oil Storage Facilities 37

Service Stations 37

Oil Terminals/Ports 37

LNG Terminals 38

Gas Pipelines 38

Competitive Landscape 40

Executive Summary 40

Company Profiles 43

Philippines National Oil Company (PNOC) 43

Petron 46

Royal Dutch Shell 49

Chevron Philippines 52

Nido Petroleum 54

Kairiki Energy – Summary 57

PTT – Summary 57

Total – Summary 57

Otto Energy – Summary 57

Petro Energy – Summary 59

Bio-Genex Laboratories – Summary 59

Others – Summary 59

Regional Energy Market Outlook 62
Table: Number Of Rigs In Operation In Asia 63

Global Energy Market Outlook 68
Table: Global Oil Demand Forecasts – A Comparison 70

Asia – Regional Appendix 74
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 74
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 74
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 75
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 76
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 77
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 77
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 78
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 79
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 79
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 80
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 81
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 81

Methodology And Risks To Forecasts 82

Glossary Of Terms 83
Table: Glossary Of Terms 83

Oil & Gas Risk/Reward Ratings Methodology 85

Ratings Overview 85
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 86

Indicators 86
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 86
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 87

BMI Methodology 89

How We Generate Our Industry Forecasts 89

Energy Industry 89

Cross checks 90

Sources 90

Company Profiles
Philippines National Oil Company (PNOC)
Petron
Royal Dutch Shell
Chevron Philippines
Nido Petroleum
Kairiki Energy – Summary
PTT – Summary
Total – Summary
Otto Energy – Summary
Petro Energy – Summary
Bio-Genex Laboratories – Summary
Others – Summary

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