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Philippines Oil and Gas Report Q1 2016

  • ID: 3608804
  • January 2016
  • Region: Philippines
  • 102 pages
  • Business Monitor International
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FEATURED COMPANIES

  • BCP Energy/Nido Petroleum
  • Chevron Philippines
  • Petron
  • Shell Philippines
  • MORE

Stagnant production and rising consumption will ensure that the Philippines remains a net importer of both crude oil and refined fuels over 2015-2024. The start-up of LNG imports in 2016 via the Pagbilao LNG terminal will free domestic gas demand to surpass production, paving the way for greater gas use in several sectors including power, industrial and the residential sectors.

The main trends and developments we highlight for the Philippines' oil and gas sector are:
- We forecast a decline in the Philippines' proved oil and gas reserves, as sustained weakness in global oil prices slowdown exploration, which in turn limits the chances of making new discoveries.

- Crude oil production will fluctuate around the 25,000b/d-28,000b/d range throughout our forecast period to 2024. We note significant downside risk to our forecast particularly from 2019, as these are based on projects where final investment decisions have not been made.

- While Phase II upgrades at the Malampaya will boost natural gas production to 2016, natural declines will weigh on overall output thereafter. A decision to proceed with Phase III for Malampaya poses upside risk to this forecast.

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

  • BCP Energy/Nido Petroleum
  • Chevron Philippines
  • Petron
  • Shell Philippines
  • MORE

Table: Headline Forecasts (Philippines 2013-2019)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

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

Upstream Projects
Table: Philippines - Key Upstream Projects

Upstream Production - Oil

Latest Updates

Structural Trend
Table: Oil Production (Philippines 2013-2018)
Table: Oil Production (Philippines 2019-2024)

Upstream Production - Gas

Latest Updates

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

Refining

Latest Updates

Structural Trends
Table: Refining Capacity and Refined Products Production (Philippines 2013-2018)
Table: Refining Capacity and Refined Products Production (Philippines 2019-2024)

Refined Fuels Consumption

Latest Updates

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

Gas Consumption

Latest Updates

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

Trade - Oil

Crude Oil Trade

Latest Updates

Structural Trends
Table: Crude Oil Net Exports (Philippines 2013-2018)
Table: Crude Oil Net Exports (Philippines 2019-2024)

Fuels Trade

Latest Updates

Structural Trends
Table: Refined Fuels Net Exports (Philippines 2013-2018)
Table: Refined Fuels Net Exports (Philippines 2019-2024)

Trade - Gas (Pipeline And LNG)

Latest Updates

Structural Trends

Supply Sources
Table: Gas Net Exports (Philippines 2013-2018)
Table: Gas Net Exports (Philippines 2019-2024)

Industry Risk Reward Ratings

Industry Risk/Reward Index
Table: Asia: Upstream Risk/Reward Index
Table: Asia: Downstream Risk/Reward Index

Philippines - Risk/Reward Index

Upstream Index - Overview

Upstream Index - Rewards

Upstream Index - Risks

Downstream Index - Overview

Market Overview

Philippines Energy Market Overview

Regulatory Regime

Licensing Rounds
Table: PECR-5: Available Licences

Oil And Gas Infrastructure

Oil Refineries
Table: Oil Refineries

Oil Storage Facilities

Service Stations

LNG Terminals
Table: LNG Terminals In The Philippines

Gas Pipelines

Competitive Landscape

Competitive Landscape Summary
Table: Key Players - Philippines Oil And Gas Sector

Company Profile

Philippine National Oil Company (PNOC)

Petron

Shell Philippines

Chevron Philippines

BCP Energy/Nido Petroleum

Other Summaries

Regional Overview

Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production

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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Philippine National Oil Company (PNOC)
Petron
Shell Philippines
Chevron Philippines
BCP Energy/Nido Petroleum

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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