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Gabon Oil and Gas Report Q1 2013 - Product Image

Gabon Oil and Gas Report Q1 2013

  • ID: 2424628
  • February 2013
  • Region: Gabon
  • 72 pages
  • Business Monitor International

BMI View

We estimate oil production in Gabon stayed relatively flat in 2012 at 247,000 barrels per day
(b/d) compared to 2011's 244,000b/d. Over the course of our forecast period, we expect production to continue trending downward to reach 234,000 b/d in 2016. Although a planned offshore licensing round and planned exploration hold upside risk to our forecasts. But without additional volumes from new discoveries, Gabon's oil production is set to decline as output falls from maturing fields. Efforts to develop the country's gas potential hold the prospect for further gains, as does a proposed new refinery that would allow the country to become a net exporter of refined products.

The main trends and developments we highlight for Gabon's oil & gas sector are as follows:

- BMI expects oil production to fall from 246,000 barrels per day (b/d) in 2012, to 234,000b/d in 2016, as fields mature.

- Planned deepwater exploration and a proposed regulatory overhaul in advance of the deepwater licensing round set for 2013, hold the largest upside risk to our forecasts. However, at this stage few new drilling campaigns have been announced so BMI has left its oil reserves forecasts unchanged.

BMI Industry View 7

SWOT 8

Oil & Gas 8

Industry Forecast 10
Table: Gabon Proven Oil And Gas Reserves And Total Petroleum Data 2010-2015 10
Table: Gabon Proven Oil And Gas Reserves And Total Petroleum Data 2016-2021 11

Oil And Gas Reserves 12
Table: Gabon Oil Production, Consumption and Net Exports 2010-2015 13
Table: Gabon Oil Production, Consumption and Net Exports 2016-2021 14

Oil Supply And Demand 15
Table: Gabon Gas Production, Consumption and Net Exports 2010-2015 18
Table: Gabon Gas Production, Consumption and Net Exports 2016-2021 18

Gas Supply And Demand 19

Refining And Oil Products Trade 20
Table: Gabon Refining - Production and Consumption 2010-2016 20
Table: Gabon Refining - Production and Consumption 2016-2021 21

Revenues/Import Costs 22

Industry Risk Reward Ratings 23

Gabon Risk Reward Ratings 23

Gabon Upstream 23

Gabon Downstream 23

Regional Risk Reward Ratings 24
Table: Africa's Oil & Gas Risk/Reward Ratings 25
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings 27
Table: Proposed And Planned Refineries In Africa 30
Table: Africa's Downstream Risk/Reward Scores 31

Market Overview 32

Gabon Energy Market Overview 32

Overview/State Role 35

Licensing And Regulation 35

Government Policy 35

Licensing Rounds 36
Table: Upstream Projects Database 38

Oil And Gas Infrastructure 38

Oil Refineries 38

Gas Facilities 39

Competitive Landscape 40
Table: Table: Key Players - Gabon Energy Sector 41

Company Profile 42

Addax Petroleum 42

Other Companies - Summary 44

Total Gabon 44

Shell Gabon 45

Maurel & Prom 45

Vaalco Energy 45

Perenco 46

Eni 47

Tullow Oil 47

Petrobras 47

Panoro 48

Harvest 48

Regional Overview 49

Global Industry Overview 54

Global Energy Market Overview 54
Table: Global Oil Demand Forecasts - A Comparison 57

Inflection point 57

New Frontiers In Production 58

Appendix 62

Africa - Regional Appendix 62
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 62
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 63
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 63
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 64
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 65
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 65
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 66
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 67
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 67
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 68
Table: LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) 69
Table: LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 69

Glossary 70
Table: Glossary Of Terms 70

Methodology 72

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