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Ecuador Oil and Gas Report Q1 2013 - Product Image

Ecuador Oil and Gas Report Q1 2013

  • Published: November 2012
  • Region: Ecuador
  • 70 pages
  • Business Monitor International

FEATURED COMPANIES

  • Andes Petroleum – Summary
  • Company Profiles
  • ENAP – Summary
  • Eni Ecuador
  • Inpex – Summary
  • Ivanhoe Energy – Summa
  • MORE

BMI View:

Our forecasts suggest that the Ecuadorean oil production has now peaked and will begin a steady downward trend through the end of our forecast period. Similarly, natural gas production is forecast to peak in 2016, and decline through 2021. As such, the sector is in need of increased foreign investment, but its negative business environment leaves little room for optimism in the near future.

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

- Our forecasts suggest that proven oil reserves peaked in 2011 and proven gas reserves will begin to decline in 2014. Similarly, our forecasts also suggest that total oil production peaked in 2012 and will begin to decline at an average rate of 1.81% between 2013 and 2017. As for gas production, we expect an uptick in production through 2016, but then end the forecast period in decline as well.

- Oil exports remain a mainstay of the Ecuadorean economy, yet due to falling production, we forecast also calls for a significant reduction in net exports, with an average yearly decline of 15% between 2013 and 2017.

- The announced its latest oil exploration licensing round in October READ MORE >

BMI Industry View 5

SWOT Analysis 7

Argentina Oil and Gas SWOT 7

Industry Forecast Scenario 8

Oil And Gas Reserves 8
Table: Equatorial Guinea Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 8
Table: Equatorial Guinea Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 9

Oil Supply And Demand 10
Table: Equatorial Guinea Oil Production, Consumption and Net Exports, 2010-2016 10
Table: Equatorial Guinea Oil Production, Consumption and Net Exports, 2015-2021 11

Gas Supply And Demand 13
Table: Equatorial Guinea Gas Production, Consumption and Net Exports, 2010-2016 13
Table: Equatorial Guinea Gas Production, Consumption and Net Exports, 2015-2021 14

Refining And Oil Products Trade 15
Table: Equatorial Guinea Refining - Production and Consumption, 2010-2016 16
Table: Equatorial Guinea Refining - Production and Consumption, 2015-2021 16

Revenues/Import Costs 16

Country Oil & Gas Risk/Reward Ratings 17

Ecuador Upstream Ratings 17

Ecuador Downstream Ratings 17

Regional Risk/Reward Ratings 18
Table: Latin American Oil & Gas Risk/Reward Ratings 19
Table: Upstream Risk/Reward Ratings 21
Table: Downstream Risk/Reward Ratings 23

Ecuador Energy Market Overview 24

Oil And Gas Infrastructure 26

Oil Refineries 26
Table: Refineries In Ecuador 26

Service Stations 27

Oil Pipelines 27

Oil Storage 28

Competitive Landscape 29

Executive Summary 29
Table: Key Domestic And Foreign Companies 30
Table: Key Upstream Players 31
Table: Key Downstream Players 31

Company Profiles 32

Petroecuador 32

Eni Ecuador 35

Repsol 37

Petroamazonas – Summary 39

Petróleos de Venezuela (PdVSA) – Summary 39

ENAP – Summary 40

Andes Petroleum – Summary 40

Oleoducto de Crudos Pesados (OCP) – Summary 41

Inpex – Summary 41

Sinopec – Summary 41

Ivanhoe Energy – Summary 42

Others – Summary 42

Former IOC partners – Summary 43

Regional Energy Market Outlook 44

Global Energy Market Outlook 49
Table: Global Oil Demand Forecasts – A Comparison 51

Latin America – Regional Appendix 54
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 54
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 54
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 55
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 56
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 56
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 57
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 57
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 58
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 58
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 59
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 59
Table: LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 60

Methodology And Risks To Forecasts 61

Glossary Of Terms 62
Table: Glossary Of Terms 62

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

BMI Methodology 68

How We Generate Our Industry Forecasts 68

Energy Industry 68

Cross checks 69

Sources 69

Company Profiles
Petroecuador
Eni Ecuador
Repsol
Petroamazonas – Summary
Petróleos de Venezuela (PdVSA) – Summary
ENAP – Summary
Andes Petroleum – Summary
Oleoducto de Crudos Pesados (OCP) – Summary
Inpex – Summary
Sinopec – Summary
Ivanhoe Energy – Summa

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