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Peru Oil and Gas Report Q1 2013 - Product Image

Peru Oil and Gas Report Q1 2013

  • Published: February 2013
  • Region: Peru
  • 78 pages
  • Business Monitor International

BMI View

Petroperú remains on course to resume upstream activity after decades on the sidelines. The timing is right for the state-owned company to regain a slice of domestic oil and gas production, as we forecast both will rise rapidly over the next few years, and will remain elevated through to the end of our forecast period in 2021. The underexplored nature of the energy sector, combined with an increasingly attractive business environment for foreign investment, creates further upside risk to our forecasts. It also supports our view that Peru will remain one of the most dynamic economics in Latin America over the forecast period. The country is not risk-free, however, with relations with indigenous communities sitting firmly at the top of the list of concerns.

The main trends and developments we highlight in the Peruvian oil and gas sector are:

- 2013 will be Peru's last year as an oil importer, with our forecasts suggesting imports of just 16,000 barrels per day (b/d). In 2014, the country will have a (theoretical) export capacity of approximately 37,400b/d, representing the beginning of a steep rise culminating in a peak of 128,780b/d in 2016. However, READ MORE >

BMI Industry View 7

SWOT 9

Industry Forecast 10

Oil & Gas Reserves 10
Table: Peru Proven Oil and Gas Reserves and Total Petroleum Data, 2011-2017 11
Table: Peru Proven Oil and Gas Reserves and Total Petroleum Data, 2016-2021 12
Table: Peru Oil Production, Consumption and Net Exports, 2011-2017 13
Table: Peru Oil Production, Consumption and Net Exports, 2015-2021 14
Table: Peru Gas Production, Consumption and Net Exports, 2011-2017 15
Table: Peru Gas Production, Consumption and Net Exports, 2015-2021 17

Oil Supply And Demand 18

Gas Supply And Demand 19

Refining And Oil Products Trade 21
Table: Peru Refining - Production and Consumption, 2011-2017 21
Table: Peru Refining - Production and Consumption, 2015-2021 22

Revenues/Import Costs 23

Key Risks To BMI's Forecast Scenario 23

Industry Risk Reward Ratings 24

Peru Industry Risk/Reward Ratings 24

Peru Upstream Rating - Rewards 24

Upstream Rating - Risks 24

Downstream Rating - Overview 24
Table: Latin American Oil & Gas Risk/Reward Ratings 25

Upstream: Brazil and Peru Vying For Top Spot 26
Table: Upstream Risk/Reward Ratings 27

Downstream: Diverging Macroeconomic Environments 28
Table: Downstream Risk/Reward Ratings 29

Market Overview 31

Overview/State Role 31

Licensing And Regulation 31

Government Policy 31

Licensing Rounds 31
Table: Key Upstream Players 33
Table: Key Downstream Players 33

Oil And Gas Infrastructure 34

Oil Refineries 34
Table: Refineries In Peru 34

Oil Pipelines 35

LNG Terminals 35

Gas Pipelines 35

Competitive Landscape 37
Table: Key Players In Peru Oil & Gas Sector 38

Company Profile 39

Petroperú 39

Reposl Peru 42

Other Summaries 44

Sapet Peru/CNPC - Summary 44

Maple Energy - Summary 44

Pluspetrol - Summary 45

Hunt Oil - Summary 45

Perenco - Summary 45

SK Corporation - Summary 46

Petrobras - Summary 46

ConocoPhillips - Summary 47

Savia Perú - Summary 47

Talisman Energy - Summary 48

BPZ Energy/Shell - Summary 48

Americas Petrogas - Summary 49

Others - Summary 49

Regional Overview 52

Regional Energy Market Overview 52

Global Industry Overview 59

Global Energy Market Overview 59
Table: Global Oil Demand Forecasts - A Comparison 62

Inflection point 62

New Frontiers In Production 63

Appendix 67

Latin America - Regional Appendix 67
Table: Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 67
Table: Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 68
Table: Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 68
Table: Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 69
Table: Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 69
Table: Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 70
Table: Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 70
Table: Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 71
Table: Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 71
Table: Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 72
Table: Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm) 73
Table: Table: LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) 73

Glossary 74
Table: Glossary Of Terms 74

Methodology 76

Energy Industry 77

Cross checks 77

Sources 78

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