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Bulgaria Oil and Gas Report Q1 2016

  • ID: 3505841
  • December 2015
  • Region: Bulgaria
  • 89 pages
  • Business Monitor International
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FEATURED COMPANIES

  • EKO Bulgaria
  • Lukoil Neftekhim
  • OMV Bulgaria
  • Petroceltic
  • Petrol
  • Shell Bulgaria
  • MORE

Improvements in the refining sector are boosting the downstream outlook, though 2016 will be tougher with margins expected to drop. The restart of exploration in the Black Sea is positive for Bulgaria's oil and gas sector, which has suffered from heavy production declines in 2015.

The main trends and developments in Bulgaria's oil and gas sector are:
- Total will drill in the Black Sea Khan-Asparuh block between February and May 2016.

- Shell is due to expected to sign a contract to explore the Silistar Block after it was retendered along with the Teres block that received no bids.

- We have downgraded our gas production forecast for 2015 to 150mcm, due to strong decline rates at existing fields.

- Petroceltic is planning to tieback the Kavarna East field to the Galata platform, which could boost production from late 2016.

- Refined fuels production is due to increase almost 18% in 2015 over 2014.

- Gasoline production has been particularly strong following the completion of Lukoil's new heavy residue complex.

- Despite this, a weak economy has limited refined fuels demand, which will barely grow in 2015.

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

  • EKO Bulgaria
  • Lukoil Neftekhim
  • OMV Bulgaria
  • Petroceltic
  • Petrol
  • Shell Bulgaria
  • MORE

Table: Headline Forecasts (Bulgaria 2013-2019)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

Structural Trends
Table: Proven Oil and Gas Reserves (Bulgaria 2013-2018)
Table: Proven Oil and Gas Reserves (Bulgaria 2019-2024)

Upstream Production - Oil

Latest Updates

Structural Trends
Table: Oil Production (Bulgaria 2013-2018)
Table: Oil Production (Bulgaria 2019-2024)

Upstream Production - Gas

Latest Updates

Structural Trends
Table: Gas Production (Bulgaria 2013-2018)
Table: Gas Production (Bulgaria 2019-2024)

Refining
Table: Refining Capacity and Refined Products Production (Bulgaria 2013-2018)
Table: Refining Capacity and Refined Products Production (Bulgaria 2019-2024)

Refined Fuels Consumption

Latest Updates

Structural Trends
Table: Refined Products Consumption- (Bulgaria 2013-2018)
Table: Refined Products Consumption- (Bulgaria 2019-2024)

Gas Consumption

Latest Updates

Structural Trends
Table: Gas Consumption (Bulgaria 2013-2018)
Table: Gas Consumption (Bulgaria 2019-2024)

Trade - Oil

Latest Updates

Crude Oil
Table: Crude Oil Net Exports (Bulgaria 2013-2019)
Table: Crude Oil Net Exports (Bulgaria 2019-2024)

Refined Fuels
Table: Refined Fuels Net Exports (Bulgaria 2013-2018)
Table: Refined Fuels Net Exports (Bulgaria 2019-2024)

Trade - Gas (Pipeline And LNG)
Table: Gas Net Exports (Bulgaria 2013-2018)
Table: Gas Net Exports (Bulgaria 2019-2024)

Industry Risk Reward Ratings

Central And Eastern Europe Oil & Gas Risk/Reward Index
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Index

Upstream: China Still The Target Market
Table: CEE Upstream Risk/Reward Index

Downstream: Turkish STAR Only Bright Spot In Weak Market
Table: CEE Downstream Risk/Reward Index

Bulgaria - Risk/Reward Index

Market Overview

Bulgaria Energy Market Overview

Regulatory Structure

Fiscal Regime
Table: Bulgaria Petroleum Taxes

Licensing Rounds

Oil & Gas Infrastructure

Oil Refineries
Table: Refineries In Bulgaria

Service Stations
Table: Major Fuel Retailers In Bulgaria

Oil Storage Facilities

Oil Terminals/Ports

Gas Storage Facilities

Gas Pipelines

Competitive Landscape

Competitive Landscape Summary
Table: Key Players In The Bulgarian Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players

Company Profile

EKO Bulgaria

Lukoil Neftekhim

Oil And Gas Exploration And Production

OMV Bulgaria

Petroceltic

Petrol

Shell Bulgaria

Other Summaries

Regional Overview

Central And Eastern Europe Oil & Gas Regional Overview

Oil Production: Caspian Remains Centre Of Growth

Oil Consumption: Fuels Demand Gradually Strengthening

Refining Capacity: Modernisation Over Capacity Additions

Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
Table: Central Asia-China Gas Pipeline Expansions

Gas Consumption: Demand Falters On Struggling Economies
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade

Glossary
Table: Glossary Of Terms

Methodology

Industry Forecast Methodology

Source

Risk/Reward Index Methodology
Table: Oil & Gas Upstream Risk/Reward Index
Table: Weighting

Note: Product cover images may vary from those shown
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EKO Bulgaria
Lukoil Neftekhim
Oil And Gas Exploration And Production
OMV Bulgaria
Petroceltic
Petrol
Shell Bulgaria

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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