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Libya Oil and Gas Report Q1 2013 - Product Image

Libya Oil and Gas Report Q1 2013

  • Published: January 2013
  • Region: Libya
  • 94 pages
  • Business Monitor International

FEATURED COMPANIES

  • BP - Summary
  • ConocoPhillips
  • ExxonMobil - Summary
  • Hess - Summary
  • OMV of Libya
  • PGNiG - Summary
  • MORE

BMI View:

Oil and gas production is expected to have bounced back strongly in 2012, despite the obvious political risks associated with Libya's transition to a new democratic government. Over the longer term, both oil and gas volumes are likely to increase beyond pre-war levels as new investment flows into under-explored areas - especially the offshore Sirte Basin. However, we note an eruption of regional tensions under a still fragile government could destabilise upstream growth.

The key trends and developments in Libya's oil & gas sector are:

- We estimate total liquids production of 1.62mn barrels per day (b/d) in 2012, rising to 1.77mn b/d in 2016 and 1.85mn b/d by 2021. Gas output is forecast to increase from an estimate of 12.0bcm in 2012 to 18.0bcm by 2016 and 20.3bcm by 2021.

- These forecasts are subject to upside risks depending on the level of upstream investment. The new democratic government has pledged to invest US$10bn raising oil and gas production capacity from existing fields and US$20bn on new exploration over the next 10 years, according to oil and gas minister, Abdurahman Benyezza. If that materialises, output could well increase READ MORE >

BMI Industry View 7

SWOT Analysis 8

Libya Oil and Gas SWOT 8

Industry Forecast Scenario 9

Oil And Gas Reserves 9
Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 9
Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 10

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

Gas Supply And Demand 16
Table: Libya Gas Production, Consumption and Net Exports, 2010-2016 16
Table: Libya Gas Production, Consumption and Net Exports, 2015-2021 18

LNG 20

Refining And Oil Products Trade 20
Table: Libya Refining - Production and Consumption, 2010-2016 21
Table: Libya Refining - Production and Consumption, 2015-2021 22

Revenues/Import Costs 22

Regional and Country Risk/Reward Ratings 23
Table: Africa's Oil & Gas Risk/Reward Ratings 24
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings 25
Table: Proposed And Planned Refineries In Africa 29
Table: Africa's Downstream Risk/Reward Scores 30

Libya Upstream Rewards 30

Libya Upstream Risks 30

Libya Downstream Scores 31

Libya Energy Market Overview 32

Overview/State Role 33

Licensing and Regulation 34

Tax Law 34

Government Policy 35

Licensing Rounds 35

Fourth Licensing Round (First Gas Licensing Round) 35

Third Licensing Round 35

Second Licensing Round 36

First Licensing Round 36

International Energy Relations 36

Oil And Gas Infrastructure 38

Oil Refineries 38
Table: Refineries In Libya 38

Oil Terminals/Ports 39

Oil Pipelines 39

LNG Terminals 40
Table: LNG Terminals In Libya 40

Gas Pipelines 40

Competitive Landscape 41

Executive Summary 41
Table: Key Players - Libyan Oil And Gas Sector 43
Table: Key Upstream Players 43
Table: Key Downstream Player 43

Company Profiles 44

National Oil Corporation (NOC) 44

Eni North Africa 48

Total Libya 50

OMV of Libya 52

Repsol Libya 54

Marathon Oil 56

ConocoPhillips 58

BP - Summary 60

ExxonMobil - Summary 60

Tatneft - Summary 60

Occidental Petroleum - Summary 61

Hess - Summary 61

Statoil - Summary 62

Royal Dutch Shell - Summary 62

Suncor - Summary 62

PGNiG - Summary 63

Gazprom - Summary 63

RWE - Summary 63

LIA/Verenex Energy - Summary 64

Indian Oil/Oil India - Summary 64

Others - Summary 64

Regional Market Overview 66

Global Energy Market Outlook 71
Table: Global Oil Demand Forecasts - A Comparison 73

Africa - Regional Appendix 77
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 77
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 77
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 78
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 79
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 79
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 80
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 80
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 81
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 82
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 82

LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) 83

LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 83

Methodology And Risks To Forecasts 84

Glossary Of Terms 85
Table: Glossary Of Terms 85

Oil And Gas Risk/Reward Ratings Methodology 87

Ratings Overview 87
Table: BMI's Oil & Gas Business Environment Ratings - Structure 88

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 92

Cross checks 93

Sources 93

Company Profiles
National Oil Corporation (NOC)
Eni North Africa
Total Libya
OMV of Libya
Repsol Libya
Marathon Oil
ConocoPhillips
BP - Summary
ExxonMobil - Summary
Tatneft - Summary
Occidental Petroleum - Summary
Hess - Summary
Statoil - Summary
Royal Dutch Shell - Summary
Suncor - Summary
PGNiG - Summary
Gazprom - Summary
RWE - Summary
LIA/Verenex Energy - Summary
Indian Oil/Oil India - Summary
Others - Summary

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