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Cameroon Oil and Gas Report Q1 2013 - Product Image

Cameroon Oil and Gas Report Q1 2013

  • ID: 2424658
  • February 2013
  • Region: Cameroon
  • 70 pages
  • Business Monitor International

BMI View

While the near-term oil production outlook is somewhat uncertain, there are projects capable of halting the recent decline and delivering modest volume growth over the medium-to-long term. Meanwhile,
more efficient usage of associated gas, through the limitation of flaring and the development of domestic resources, offers prospects for sustainable growth in the upstream gas segment, with potential output available for domestic use, power generation and eventually for export as liquefied natural gas (LNG).

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

- BMI expects growth in oil production to be somewhat irregular over the next decade with output of an estimated 63,470 barrels per day (b/d) in 2012, peaking at 87,300b/d in 2015 before falling back to 77,700b/d in 2021. This uncertain growth outlook is based on a small number of modest new projects capable of offsetting only temporarily the underlying decline of older fields.

- The Cameroon government has assumed that domestic oil production will average nearly 79,000b/d in 2013. UK-based energy firm Bowleven announced in October 2012 that oil production at its Etinde project in Cameroon is likely to begin in 2015 rather than 2013, as was previously stated.

BMI Industry View 7

SWOT 9

Industry Forecast 10

Oil And Gas Reserves 10
Table: Cameroon Proven Oil and Gas Reserves and Total Petroleum Data 11
Table: Cameroon Proven Oil and Gas Reserves and Total Petroleum Data 12

Oil Supply and Demand 13
Table: Cameroon Oil Production, Consumption and Net Exports 13
Table: Cameroon Oil Production, Consumption and Net Exports 13

Gas Supply and Demand 16
Table: Cameroon Gas Production, Consumption and Net Exports 16
Table: Cameroon Gas Production, Consumption and Net Exports 17

Refining And Oil Products Trade 19
Table: Cameroon Refining - Production and Consumption 19
Table: Cameroon Refining - Production and Consumption 20

Revenues/Import Costs 20

Key Risks To BMI's Forecast Scenario 20

Industry Risk Reward Ratings 22

Cameroon Risk Reward Ratings 22

Regional Risk Reward Ratings 23
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

Cameroon Energy Market Overview 32
Table: Upstream Projects Database 33

Oil And Gas Infrastructure 34

Oil Refineries 34
Table: Refineries In Cameroon 34

Service Stations 35

Oil Storage Facilities 35

Oil Terminals/Ports 35

Oil Pipelines 35

LNG Terminals 36

Competitive Landscape 37
Table: Key Players - Cameroon Energy Sector 38
Table: Key Upstream Players 38
Table: Key Downstream Players 38

Company Profile 39

Perenco 39

Other Companies - Summary 41

Victoria Oil & Gas - Summary 41

Sterling Energy - Summary 41

Petronas - Summary 41

Noble Energy - Summary 42

Bowleven Oil And Gas - Summary 42

Kosmos Energy - Summary 43

Addax - Summary 43

Dana Petroleum - Summary 44

Regional Overview 45

Global Market Views 50

Global Energy Market Overview 50
Table: Global Oil Demand Forecasts - A Comparison 53

Inflection point 53

New Frontiers In Production 54

Appendix 58

Africa - Regional Appendix 58
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 58
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 59
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 59
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 60
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 60
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 61
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 62
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 62
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 63
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 64
Table: LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) 64
Table: LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 65

Glossary 66
Table: Glossary Of Terms 66

Methodology 68

Energy Industry 69

Cross checks 69

Sources 70

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