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Azerbaijan Oil and Gas Report Q1 2013 - Product Image

Azerbaijan Oil and Gas Report Q1 2013

  • ID: 2356165
  • December 2012
  • Region: Azerbaijan
  • 110 pages
  • Business Monitor International

FEATURED COMPANIES

  • Azpetrol
  • Chevron – Summary
  • Eni – Summary
  • GdF Suez – Summary
  • Lukoil Azerbaijan
  • RWE Dea – Summary
  • MORE

BMI View: Technical challenges and maintenance continued to drag down overall liquids production, with company data and official statistics continuing to report a decline in oil production. We forecast Azerbaijan's production to slightly decline from 2011 and reach 889,800b/d for 2012. Official statistics and company data suggest liquids output struggled on the back of technical challenges and maintenance, leaving volumes largely stagnant and well below 2010’s peak production. We are much more bullish on gas volumes, which we predict will rise to 18bcm in 2012 and continue to rise throughout our 10-year forecast period, arriving at 35.8bcm in 2021. Unlike our forecast for oil production, we see upside risks to our outlook for gas, supported by continued discoveries and prospects for additional volumes from currently scheduled projects such as Shah Deniz.

The key developments in Azerbaijan’s oil & gas sector are:

- In the wake of the row between Azerbaijan and UK major BP over faltering volumes from the key Azeri-Chirag-Guneshli (ACG) fields, we have further downgraded our forecast for oil production.

While we lowered our forecast for 2012 to 907,000 READ MORE >

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FEATURED COMPANIES

  • Azpetrol
  • Chevron – Summary
  • Eni – Summary
  • GdF Suez – Summary
  • Lukoil Azerbaijan
  • RWE Dea – Summary
  • MORE

BMI Industry View 7

SWOT Analysis 9

Azerbaijan Oil And Gas SWOT 9

Industry Forecast Scenario 10

Oil And Gas Reserves 10
Table: Azerbaijan Proven Oil And Gas Reserves And Total Petroleum Data, 2010-2016 10
Table: Azerbaijan Proven Oil And Gas Reserves And Total Petroleum Data, 2015-2021 11

Oil Supply And Demand 13
Table: Azerbaijan Oil Production, Consumption And Net Exports, 2010-2016 13
Table: Azerbaijan Oil Production, Consumption And Net Exports, 2015-2021 14

Gas Supply And Demand 17
Table: Azerbaijan Gas Production, Consumption And Net Exports, 2010-2016 17
Table: Azerbaijan Gas Production, Consumption And Net Exports, 2015-2021 19

LNG 24

Refining And Oil Products Trade 25
Table: Azerbaijan Refining – Production And Consumption, 2010-2016 25
Table: Azerbaijan Refining – Production And Consumption, 2015-2021 25

Revenues/Import Costs 26

Country Risk/Reward Ratings 28

Azerbaijan Upstream Ratings 28

Regional And Country Risk/Reward Ratings 29
Table: Central And Eastern Europe Risk/Reward Ratings 30
Table: Upstream Risk/Reward Rating 31
Table: CEE Downstream Risk/Reward Ratings 34

Azerbaijan Energy Market Overview 38

Overview/State Role 40

Licensing And Regulation 40

Government Policy 40

Licensing Rounds 40

International Energy Relations 41
Table: Upstream Projects Database 45

Oil And Gas Infrastructure 46

Oil Refineries 46
Table: Downstream Projects 46
Table: Refineries In Azerbaijan 46

Service Stations 48

Oil Storage Facilities 48

Oil Terminals/Ports 49

Oil Pipelines 49

Gas Pipelines 50
Table: Rival Gas Pipeline Projects 52

LNG 53

Competitive Landscape 55

Executive Summary 55
Table: Key Domestic And Foreign Companies 56
Table: Key Upstream Players 57
Table: Key Downstream Players 57

Company Monitor 58

Socar 58

BP Azerbaijan 63

Statoil 67

Lukoil Azerbaijan 69

Azpetrol 71

ExxonMobil – Summary 73

Eni – Summary 73

Inpex – Summary 73

Chevron – Summary 73

Itochu/Delta Hess – Summary 74

TPAO – Summary 74

Total – Summary 74

ONGC Videsh Ltd (OVL) – Summary 75

Korea National Oil Corporation (KNOC) – Summary 76

GdF Suez – Summary 76

RWE Dea – Summary 76

Others – Summary 77

Regional Energy Market Outlook 78

Global Market Overview 87
Table: Global Oil Demand Forecasts – A Comparison 89

Central And Eastern Europe – Regional Appendix 93
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 93
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 94
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 94
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 95
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 96
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 96
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 97
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 98
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 98
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 99
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 00
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 00

Methodology And Risks To Forecasts 101

Glossary Of Terms 102
Table: Glossary of Terms 02

Oil And Gas Risk/Reward Ratings Methodology 104

Ratings Overview 04
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 05

Indicators 05
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 05
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 06

BMI Methodology 108

How We Generate Our Industry Forecasts 08

Energy Industry 08

Cross checks 09

Sources 09

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Company Monitor
Socar
BP Azerbaijan
Statoil
Lukoil Azerbaijan
Azpetrol
ExxonMobil – Summary
Eni – Summary
Inpex – Summary
Chevron – Summary
Itochu/Delta Hess – Summary
TPAO – Summary
Total – Summary
ONGC Videsh Ltd (OVL) – Summary
Korea National Oil Corporation (KNOC) – Summary
GdF Suez – Summary
RWE Dea – Summary
Others – Summary

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

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