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Azerbaijan Oil and Gas Report Q2 2016

  • ID: 3616090
  • February 2016
  • Region: Azerbaijan
  • 99 pages
  • Business Monitor International
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Our outlook on Azeri oil is heavily bearish, with the major ACG fields falling deeper into decline. Investments to stabilise output will help soften the fall; however, with a lack of new discoveries brought online this will be insufficient to reverse the overall trend. In contrast, we remain bullish on the prospects for Azeri gas, underpinned by large-scale new production from Shah Deniz. Prospects on the downstream remain poor, with ageing and low complexity infrastructure, a limited market for growth and weak prospects for investment.

Latest Updates and Key Forecasts:

- The country boasts substantial, prospective and underexplored acreage, in particular offshore in the South Caspian basin. SOCAR has also announced plans to restart onshore exploration, targeting ultra-deep oil deposits.

- A shortage of drilling rigs continues to delimit drilling activity in the Caspian Sea. A spate of exploration and appraisal, development and production wells are set to be spud between 2015 and 2017; SOCAR needs to secure additional drilling rigs in the coming quarters if it is to avoid the emergence of a major bottleneck in its upstream.

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Industry View
Table: Headline Forecasts (Azerbaijan 2014-2020)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

Structural Trends

Upstream Projects
Table: Upstream Projects

Upstream ProductionOil

Latest Updates

Structural Trends
Table: Oil Production (Azerbaijan 2014-2019)
Table: Oil Production (Azerbaijan 2020-2025)

Upstream ProductionGas

Latest Updates

Structural Trends
Table: Oil Indexation In European Gas Contracts
Table: Gas Production (Azerbaijan 2014-2019)
Table: Gas Production (Azerbaijan 2020-2025)

Refining

Latest Updates

Structural Trends
Table: Refining Capacity and Refined Products Production (Azerbaijan 2014-2019)
Table: Refining Capacity and Refined Products Production (Azerbaijan 2020-2025)

Refined Fuels Consumption

Latest Updates

Structural Trends
Table: Refined Products Consumption- (Azerbaijan 2014-2019)
Table: Refined Products Consumption- (Azerbaijan 2020-2025)

Gas Consumption

Latest Updates

Structural Trends
Table: Gas Consumption (Azerbaijan 2014-2019)
Table: Gas Consumption (Azerbaijan 2020-2025)

TradeOil

Latest Updates

Crude Oil Trade

Structural Trends
Table: Azerbaijan Crude Oil Assay
Table: Crude Oil Net Exports (Azerbaijan 2014-2020)
Table: Crude Oil Net Exports (Azerbaijan 2020-2025)

Refined Fuels Trade Forecast

Structural Trends
Table: Refined Fuels Net Exports (Azerbaijan 2014-2019)
Table: Refined Fuels Net Exports (Azerbaijan 2020-2025)

TradeGas (Pipeline and LNG)

Latest Updates

Structural Trends
Table: Gas Net Exports (Azerbaijan 2014-2019)
Table: Gas Net Exports (Azerbaijan 2020-2025)

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

AzerbaijanRisk/Reward Index

Market Overview

Azerbaijan Energy Market Overview

Regulatory Structure

Licensing Regime

Fiscal Regime
Table: Azerbaijan PSC Main Fiscal Terms

Oil & Gas Infrastructure

Refineries
Table: AzerbaijanMain Refineries

Oil Pipelines
Table: AzerbaijanMain Oil Pipelines

Gas Pipelines
Table: AzerbaijanMain Gas Pipelines

Oil TerminalsPorts
Table: AzerbaijanMain Oil Trade Facilities

Oil Storage Facilities
Table: AzerbaijanMain Oil Storage Facilities

Gas Storage Facilities
Table: AzerbaijanMain Gas Storage Facilities

Competitive Landscape

Competitive Landscape Summary
Table: Key Domestic And Foreign Companies
Table: Key Upstream Players
Table: Key Downstream Players

Company Profile

BP Azerbaijan

Lukoil Azerbaijan

SOCAR

Statoil

Other Summaries

Regional Overview

Central And Eastern Europe Oil & Gas Regional Overview

Oil Production: Output Growth Stalling

Oil Consumption: Weak EM Growth Softens Demand

Refining Capacity: Modernisation Over Capacity Growth

Natural Gas Production: Gas Ramp-Up Depends On China's Hunger
Table: Central Asia-China Gas Pipeline Expansions

Gas Consumption: Demand Falters On Struggling Economies
Table: CentralEastern EuropeOil & Gas ProductionConsumption, Refining CapacityTrade

Glossary
Table: Glossary Of Terms

Methodology

Industry Forecast Methodology

Source

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

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Our Clients

  • Nexen
  • Royal Dutch Shell PLC
  • Total S.A.
  • Ecopetrol S.A.
  • Petrobras
  • BG Group Plc.