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Angola Oil and Gas Report Q1 2013 - Product Image

Angola Oil and Gas Report Q1 2013

  • ID: 2373015
  • January 2013
  • Region: Angola
  • 95 pages
  • Business Monitor International

FEATURED COMPANIES

  • BP Angola
  • Company Profiles
  • Esso Exploration Angola
  • Others - Summary
  • Repsol - Summary
  • Statoil - Summary
  • MORE

BMI View:

In spite of repeated delays in project development, several productions sites are expected to come on-stream in the next few years offering large prospect for the oil and gas production to rise substantially in the coming decade. This is the case for the PSVM field (150,000b/d and 2.5bcm) and several fields in BP's Block 31(150,000b/d). Attempts to cut gas flaring and the opening of the Angola LNG plant also boost the outlook for gas production and export. Nevertheless, OPEC quotas, the risk of further project delays and the Angolan political environment still imply a significant amount of uncertainty.

Main trends and developments we highlight for Angola's oil and gas sector are as follows:

- We expect oil production to increase from approximately 1.84mn b/d in 2011 to 2.48mn b/d in 2021 with a 2.8mn b/d peak in 2016. This is the result of projects that have recently come onstream, such as Pazflor (220,000b/d), or that are scheduled to come onstream in the coming years, such as PSVM (150,000b/d).

- Consumption of crude is likely to rise at an average rate of 10.75% from 2011 to 2021. This very high rate of growth is boosted by the country's double-digit READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BP Angola
  • Company Profiles
  • Esso Exploration Angola
  • Others - Summary
  • Repsol - Summary
  • Statoil - Summary
  • MORE

BMI Industry View 5

SWOT Analysis 7

Angola Oil and Gas SWOT 7

Industry Forecast Scenario 8

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

Oil Supply And Demand 11
Table: Angola Oil Production, Consumption and Net Exports, 2010-2016 11
Table: Angola Oil Production, Consumption and Net Exports, 2015-2021 12

Gas Supply And Demand 15
Table: Angola Gas Production, Consumption and Net Exports, 2010-2016 15
Table: Angola Gas Production, Consumption and Net Exports, 2015-2021 16

LNG 19

Refining And Oil Products Trade 21
Table: Angola Refining - Production and Consumption, 2010-2016 21
Table: Angola Refining - Production and Consumption, 2015-2021 21

Revenues/Import Costs 22

Key Risks To BMI's Forecast Scenario 22

Country Risk/Reward Ratings 24

Angola Upstream Rating - Overview 24

Angola Downstream Rating - Overview 24

Regional Risk/Reward Ratings 26
Table: Africa's Oil & Gas Risk/Reward Ratings 27
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings 29
Table: Proposed And Planned Refineries In Africa 32
Table: Africa's Downstream Risk/Reward Scores 33

Angola Energy Market Overview 34
Table: Upstream Projects 35

Overview/State Role 37

Licensing And Regulation 37

Government Policy 37

Licensing Rounds 39

International Energy Relations 41

Oil And Gas Infrastructure 43

Oil Refineries 43
Table: Refineries In Angola 43

Competitive Landscape 45
Table: Key Players In Angola's Oil And Gas Sector 47
Table: Key Upstream Players 47
Table: Key Downstream Players 47

Company Profiles 48

Sociedade Nacional de Combustíveis de Angola (Sonangol) 48

Chevron 51

Esso Exploration Angola 53

BP Angola 56

Total Exploration Angola 58

Eni Angola Production 61

Statoil - Summary 64

Sinopec - Summary 64

Petrobras - Summary 64

Marathon Oil - Summary 65

Cobalt International Energy - Summary 66

Repsol - Summary 66

Others - Summary 66

Regional Energy Market Outlook 68

Global Energy Market Outlook 73
Table: Global Oil Demand Forecasts - A Comparison 75

Africa - Regional Appendix 79
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 79
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 79
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 80
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 81
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 81
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 82
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 82
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 83
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 84
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 84

LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) 85

LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 85

Methodology And Risks To Forecasts 86

Glossary Of Terms 87

Oil & Gas Risk/Reward Ratings Methodology 88

Ratings Overview 88
Table: BMI's Oil & Gas Business Environment Ratings - Structure 89

Indicators 89
Table: BMI's Oil & Gas Upstream Ratings - Methodology 89
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology 90

BMI Methodology 92

How We Generate Our Industry Forecasts 92

Energy Industry 93

Cross checks 94

Sources 94

Note: Product cover images may vary from those shown

Company Profiles
Sociedade Nacional de Combustíveis de Angola (Sonangol)
Chevron
Esso Exploration Angola
BP Angola
Total Exploration Angola
Eni Angola Production
Statoil - Summary
Sinopec - Summary
Petrobras - Summary
Marathon Oil - Summary
Cobalt International Energy - Summary
Repsol - 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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