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Congo Oil and Gas Report Q3 2013

  • ID: 2557303
  • May 2013
  • Region: Democratic Republic of Congo
  • 87 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Eni
  • Other Companies - Summary
  • Total Congo
  • MORE

BMI View: With production in steady decline and few major projects expected to come onstream over the next few years, the Republic of Congo (RoC)'s upstream oil outlook does not inspire much confidence.

However, Eni's vast oil sands project in the country's south could offer some long-term opportunities. If this project is realised, this would be the first of its kind on the continent.

The main trends and developments for the RoC's oil and gas sector are:

- BMI expects oil production to decline steadily due to most of the production coming from mature fields and the lack of new projects coming onstream. We see liquids production falling from an estimated 292,000 barrels per day (b/d) in 2012 to 277,000b/d in 2017 before hitting 264,000b/d in 2022. This relatively gradual decrease is explained by a small number of new projects coming onstream, offset by a steady decline rate in mature field output.

- Consumption of crude is likely to rise at an average of 4.8% from 2012 to 2022. We therefore anticipate that consumption will rise from an estimated 14,000b/d in 2012 to 22,000b/d by 2022.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Eni
  • Other Companies - Summary
  • Total Congo
  • MORE

BMI Industry View 7

SWOT 8

Industry Forecast 9

Oil And Gas Reserves 9
Table: Congo (Brazzaville) Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016 11
Table: Congo (Brazzaville) Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022 12

Oil Supply And Demand 13
Table: Congo (Brazzaville) Oil Production, Consumption And Net Exports, 2011-2016 15
Table: Congo (Brazzaville) Oil Production, Consumption And Net Exports, 2017-2022 16

Gas Supply And Demand 17
Table: Congo (Brazzaville) Gas Production, Consumption And Net Exports, 2011-2016 18
Table: Congo (Brazzaville) Gas Production, Consumption and Net Exports, 2017-2022 19

Refining And Oil Products Trade 19
Table: Congo (Brazzaville) Refining - Production and Consumption, 2011-2016 20
Table: Congo (Brazzaville) Refining - Production and Consumption, 2017-2022 21

Revenues/Import Costs 21

Key Risks To BMI's Forecast Scenario 21

Industry Risk Reward Ratings 23

Africa - Risk/Reward Ratings 23
Table: Africa Oil And Gas Risk/Reward Ratings (Scores Out Of 100) 24

Rewards In Store For Upstream, Though Risks Loom Very Large 25
Table: Africa Upstream Risk/Reward Ratings 25

A Widening Downstream Deficit 27
Table: Africa Downstream Risk/Reward Ratings 27
Table: Proposed And Planned Refineries In Africa 29

Republic Of Congo - Risk/Reward Ratings 30

Congo Upstream Rating - Rewards 30

Congo Upstream Rating - Risks 31

Congo Downstream Rating - Rewards 31

Congo Downstream Rating - Risks 31

Market Overview 32

Republic Of Congo Energy Market Overview 32

Licensing And Regulation 33

Government Policy 34

Licensing Rounds 34

International Energy Relations 34

Oil & Gas Infrastructure 35

Oil Refineries 35
Table: Refineries In Congo 35

LNG 36

Service Stations 36

Oil Terminals/Ports 36

Oil Pipelines 36

Competitive Landscape 37

Executive Summary 37
Table: Key Players In The Republic Of Congo's Energy Sector 37
Table: Key Upstream Players 38
Table: Key Downstream Players 38

Company Profile 39

Total Congo 39

Eni 43

Other Companies - Summary 47

Regional Overview 51

African Energy Overview 51

Sub-Salt Expectations 51

Oil Flows Under Stress 52

East African Gas Boom 54

Fuelling Development: The Downstream Race 56

Post-Revolutionary Blues 57

Global Industry Overview 59

Global Energy Market Overview 59
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl) 60
Table: Global Oil Demand Forecasts 67

Industry Trend Analysis 69

Growing Implementation Base 70

Developed Drive 72

Appendix 73

Africa - Regional Appendix 73
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d) 73
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 74
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d) 74
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 75
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d) 76
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 76
Table: Gas Consumption - Historical Data & Forecasts, 2010-2017 (bcm) 77
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 78
Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm) 78
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 79
Table: LNG Net Exports - Historical Data & Forecasts, 2010-2017 (bcm) 80
Table: LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 80

Glossary 81
Table: Glossary Of Terms 81

Methodology 83

Oil & Gas Risk/Reward Ratings Methodology 83

Ratings Overview 83
Table: BMI's Oil & Gas Risk Reward Ratings - Structure 84

Indicators 84
Table: BMI's Oil & Gas Business Environment Upstream Ratings - Methodology 84

Oil & Gas Forecasts Methodology 86

Energy Industry 86

Cross checks 87

Sources 87

Note: Product cover images may vary from those shown
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Total Congo
Eni
Other Companies - Summary

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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