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Turkey Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020


Description: Turkey Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Turkey. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Turkey. The report also analyses the fiscal regime relevant to the natural gas assets in Turkey and compares the investment environment in Turkey with other countries in the region. The profiles of the major companies operating in the natural gas sector in Turkey together with the latest news and deals are also included in the report.

Scope

-Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
-Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage facilities in Turkey for the period 1995-2020.
-Operator and equity details for major natural gas assets in Turkey
-Key information relating to market regulations, key energy assets and the key companies operating in the Turkey’s energy industry.
-Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
-Information on the top companies in the Turkey including business description, strategic analysis, and financial information.
-Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
-Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

-Gain a strong understanding of the country’s energy market.
-Facilitate market analysis and forecasting of future industry trends.
-Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
-Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
-Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.
-Assess your competitor’s major natural gas assets and their performance.
-Analyze the latest news and financial deals in the gas sector of each country.
-Develop strategies based on the latest operational, financial, and regulatory events.
-Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
-Identify and analyze the strengths and weaknesses of the leading companies in the country.


Contents: 1 Table Of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Turkey Energy Sector 11
2.1 Turkey Energy Sector, Market Overview 11
2.2 Turkey Energy Sector, Natural Gas 12
2.2.1 Turkey Natural Gas, Overview 12
2.2.2 Turkey Natural Gas, Supply and Demand Balance 12
2.2.3 Turkey Natural Gas, Regulatory Structure 18
2.2.4 Turkey Natural Gas, Infrastructure 19
3 Turkey Fiscal Regime 20
3.1 Turkey Petroleum Fiscal Environment 20
3.2 License Terms 20
3.3 Key Fiscal Terms 21
3.4 Sample Cashflows Calculations 25
4 Turkey Gas Upstream Investment Environment Benchmarking 26
4.1 Introduction 26
4.2 The Overall Ranking 26
4.3 Upstream Fiscal Attractiveness 27
4.3.1 Maximum Government Take Index 28
4.3.2 Maximum State Participation 28
4.4 Gas Sector Performance 29
4.4.1 Exploration Activity 32
4.4.2 Gas Production 32
4.4.3 Gas Reserves 32
4.4.4 Gas Consumption 33
4.5 Economic Performance 33
4.5.1 GDP Growth Index 34
4.5.2 FDI Confidence Index 34
4.5.3 Balance of Trade Index 35
4.6 Socio-Political Performance 35
4.6.1 Democracy Index 36
4.6.2 Governance Index 36
5 Turkey Exploration and Production Sector 37
5.1 Turkey Exploration and Production Sector, Country Snapshot 37
5.1.1 Turkey Exploration and Production Sector, Key Data 37
5.1.2 Turkey Exploration and Production Sector, Natural Gas Assets Map 37
5.2 Turkey Exploration and Production Sector, Marketed Natural Gas Production 38
5.2.1 Turkey Exploration and Production Sector, Marketed Natural Gas-Historical Production 38
5.2.2 Turkey Exploration and Production Sector, Marketed Natural Gas Production by Assets 39
5.2.3 Turkey Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 39
5.2.4 Turkey Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 41
5.3 Turkey Exploration and Production Sector, Marketed Natural Gas Forecasts 42
5.3.1 Turkey Exploration and Production Sector, Marketed Natural Gas Forecasted Production 42
5.3.2 Turkey Exploration and Production Sector, Gross Revenue Forecast 42
5.3.3 Turkey Exploration and Production Sector, Government Take Forecast 42
5.3.4 Turkey Exploration and Production Sector, Contractor Take Forecast 43
6 Turkey Pipeline Sector 44
6.1 Turkey Pipeline Sector, Key Data 44
6.2 Turkey Pipeline Sector, An Overview 44
6.3 Turkey Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 44
6.4 Turkey Pipeline Sector, Natural Gas Pipelines 46
7 Turkey LNG Sector 48
7.1 Turkey LNG Sector, Key Data 48
7.2 Turkey LNG Sector, Regasification 48
7.2.1 Turkey LNG Sector, Regasification, Total Regasification Capacity 48
7.2.2 Turkey LNG Sector, Regasification, Capacity-Wise Market Share By Company 49
7.2.3 Turkey LNG Sector, Regasification, Asset Wise Capacity 50
8 Turkey Undergound Gas Storage Sector 51
8.1 Turkey Underground Gas Storage Sector, Key Data 51
8.2 Turkey Underground Gas Storage Sector, An Overview 51
8.3 Turkey Underground Gas Storage Sector, Capacity-Wise Market Share By Company 51
8.3.1 Turkey Underground Gas Storage Sector, Storage Capacity 52
9 Profile of BOTAS- Petroleum Pipeline Corporation 53
9.1 BOTAS, Key Information 53
9.2 BOTAS, Company Overview 53
9.3 BOTAS, Business Description 53
9.3.1 BOTAS, Business Description, Business Overview 53
9.3.2 BOTAS, Business Description, Transportation of Crude Oil and Natural Gas 53
9.3.3 BOTAS, Business Description, Major Products and Services 55
9.4 BOTAS, Value Chain Analysis 56
9.4.1 BOTAS, Value Chain Analysis, Midstream 56
9.5 BOTAS, SWOT Analysis 57
9.5.1 BOTAS, SWOT Analysis, Overview 57
9.5.2 BOTAS, SWOT Analysis, Strengths 58
9.5.3 BOTAS, SWOT Analysis, Weaknesses 58
9.5.4 BOTAS, SWOT Analysis, Opportunities 59
9.5.5 BOTAS, SWOT Analysis, Threats 60
9.6 BOTAS, Revenue Analysis 60
9.6.1 BOTAS, Revenue Analysis, Revenue by Segment 60
10 Profile of Exxon Mobil Corporation 61
10.1 Exxon Mobil Corporation, Key Information 61
10.2 Exxon Mobil Corporation, Company Overview 61
10.3 Exxon Mobil Corporation, Business Description 61
10.3.1 Exxon Mobil Corporation, Business Description, Overview 61
10.3.2 Exxon Mobil Corporation, Business Description, Chemical 61
10.3.3 Exxon Mobil Corporation, Business Description, Downstream 63
10.3.4 Exxon Mobil Corporation, Business Description, Upstream 65
10.4 Exxon Mobil Corporation, Value Chain Analysis 67
10.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 67
10.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 68
10.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 69
10.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 69
10.5 Exxon Mobil Corporation, SWOT Analysis 69
10.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 69
10.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 70
10.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 72
10.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 74
10.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 75
10.6 Exxon Mobil Corporation, Revenue Analysis 77
10.6.1 Exxon Mobil Corporation, Revenue by Segment 77
10.6.2 Exxon Mobil Corporation, Revenue by Geography 78
10.7 Exxon Mobil Corporation, Financial and Operational Review 80
10.7.1 Financial Statements 80
10.7.2 Financial Ratios 81
11 Profile of Chevron Corporation 82
11.1 Chevron Corporation, Key Information 82
11.2 Chevron Corporation, Company Overview 82
11.3 Chevron Corporation, Business Description 82
11.3.1 Chevron Corporation, Business Description, Overview 82
11.3.2 Chevron Corporation, Business Description, Chemicals 83
11.3.3 Chevron Corporation, Business Description, Downstream Segment 84
11.3.4 Chevron Corporation, Business Description, Others Segment 85
11.3.5 Chevron Corporation, Business Description, Upstream Segment 86
11.4 Chevron Corporation, Value Chain Analysis 88
11.4.1 Chevron Corporation, Value Chain Analysis, Upstream 88
11.4.2 Chevron Corporation, Value Chain Analysis, Midstream 90
11.4.3 Chevron Corporation, Value Chain Analysis, Retail 90
11.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 91
11.4.5 Chevron Corporation, Value Chain Analysis, Transformation 92
11.5 Chevron Corporation, SWOT Analysis 92
11.5.1 Chevron Corporation, SWOT Analysis, Overview 92
11.5.2 Chevron Corporation, SWOT Analysis, Strengths 93
11.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 94
11.5.4 Chevron Corporation, SWOT Analysis, Opportunities 95
11.5.5 Chevron Corporation, SWOT Analysis, Threats 96
11.6 Chevron Corporation, Revenue Analysis 97
11.6.1 Chevron Corporation, Revenue by Segment 98
11.6.2 Chevron Corporation, Revenue by Geography 98
11.7 Chevron Corporation, Financial and Operational Review 99
11.7.1 Financial Statements 99
11.7.2 Financial Ratios 100
12 Turkey Gas Markets, Financial Deals Landscape 101
12.1 Detailed Deal Summary 101
12.1.1 Acquisition 101
12.1.2 Partnerships 102
12.1.3 Asset Transactions 106
13 Turkey Gas Markets, Recent Developments 110
13.1 License Awards 110
13.1.1 May 23, 2008: Incremental Receives Eight Exploration Licenses In Central Turkey 110
13.1.2 Mar 31, 2008: TransAtlantic Announces Farmout Of Turkey Exploration Licenses 111
13.2 Strategy and Business Expansion 111
13.2.1 Dec 29, 2008: TPAO And Chevron To Discuss On Joint Hydrocarbon Exploration In Black Sea 111
13.2.2 Aug 01, 2008: Zion And AME To Defer Signing Drilling Contract By One Month 112
13.2.3 Jul 17, 2008: Gazprom To Create A Company In Turkey 112
13.3 Recent Discoveries 113
13.3.1 Jan 19, 2009: Incremental Finds Net Gas Pay At Ikihoyuk 2 Well In Western Turkey 113
13.3.2 Dec 09, 2008: Xtract Discovers Oil At Sarikiz-2 Well In Turkey 113
13.3.3 Jul 04, 2008: Otto Energy And Incremental Encounter Gas At Arpaci 2A Appraisal Well, Western Turkey 114
13.3.4 May 01, 2008: Otto Energy Makes Sixth Gas Discovery In Turkey 114
13.4 Drilling and Production Updates 115
13.4.1 Jan 05, 2009: Otto To Spud Ikihoyuk-2 Well In Thrace Basin, Turkey 115
13.4.2 Dec 05, 2008: ZETA Plugs And Abandons Duzce-1 Exploration Well In Northern Turkey 116
13.4.3 Dec 04, 2008: Xtract Drills Sarikiz-2 Well In Turkey 116
13.4.4 Nov 26, 2008: Xtract Updates On Sarikiz-2 Well In Turkey 117
13.4.5 Nov 26, 2008: Xtract Updates On Sarikiz-2 Well In Turkey 117
13.4.6 Nov 25, 2008: Incremental Updates On Atesler 1 Well In Turkey 118
13.5 Financial Announcements 119
13.5.1 Nov 05, 2008: Petrol Ofisi Reports 3Q 2008 Results 119
13.5.2 Aug 18, 2008: TUPRAS Declares 1H 2008 Results 120
13.5.3 Aug 05, 2008: Petrol Ofisi Reports 1H 2008 Results 120
13.5.4 May 14, 2008: Tupras Reports Q1 2008 Results 121
13.6 Other Significant Developments 122
13.6.1 Feb 10, 2009: Iran Updates On Its Latest Oil And Gas Deals Signed With Foreign Companies 122
13.6.2 Feb 05, 2009: LUKOIL Updates On Its Turkey Activities In 2008 124
13.6.3 Jan 30, 2009: Otto Provides 2008 Operational Update 125
13.6.4 Jan 23, 2009: Turcas Says No Plans To Cancel Ceyhan Refinery Project 128
13.6.5 Jan 20, 2009: Iran Temporarily Suspends Gas Supplies To Turkey 128
13.6.6 Jan 19, 2009: Turkey To Review Its Support For Nabucco Gas Pipeline To Europe 128
14 Appendix 130
14.1 Methodology 130
14.1.1 Coverage 130
14.1.2 Secondary Research 131
14.1.3 Primary Research 131
14.1.4 E&P Forecasts 132
14.1.5 Midstream Forecasts 133
14.1.6 Expert Panel Validation 133
14.2 Contact Us 134
14.3 About Us 134
14.4 Disclaimer 134

Executive Summary

1.1 List of Tables
Table 1: Turkey, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 13
Table 2: Turkey, Historical and Forecasted Import of Natural Gas, 1996-2020 15
Table 3: Turkey, Historical Reserves of Natural Gas, 1996-2008 17
Table 4: Turkey, Crude Oil and Natural Gas, Onshore Royalty Rate, 2007 21
Table 5: Turkey, Crude Oil and Natural Gas, Offshore Royalty Rate, 2007 22
Table 6: Turkey, Crude Oil and Natural Gas, Offshore Royalty Reduction Ratio, 2007 22
Table 7: Eastern Europe, Investment Benchmarking, Overall Country Rankings, April 2008 26
Table 8: Eastern Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 27
Table 9: Eastern Europe, Investment Benchmarking, Gas Sector Performance, April 2008 29
Table 10: Eastern Europe, Investment Benchmarking, Economic Performance, April 2008 33
Table 11: Eastern Europe, Country Standings, Economic Performance, April 2008 33
Table 12: Eastern Europe, Investment Benchmarking, Socio-Political Performance, April 2008 35
Table 13: Eastern Europe, Country Standings, Socio-Political Performance, April 2008 35
Table 14: Turkey, Natural Gas Key Statistics, 2008 37
Table 15: Turkey, Total Marketed Natural Gas Production (MMcf), 2001-2008 38
Table 16: Turkey, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 39
Table 17: Turkey, Marketed Equity Weighted Natural Gas Production(MMcf),by Company, 2001-2008 39
Table 18: Turkey, Market Share (%) based on Marketed Natural Gas Production, 2001- 2008 41
Table 19: Turkey, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 42
Table 20: Turkey, Forecasted Assets-wise Gross Revenue (000$), 2009-2014 42
Table 21: Turkey, Projected Assets-wise Total Government Take (000$), 2009-2014 42
Table 22: Turkey, Projected Assets-wise Total Contractor Take (000$), 2009-2014 43
Table 23: Turkey, Pipeline Key Statistics, 2008 44
Table 24: Turkey, Natural Gas Pipeline Length by Company (Km), 2008 44
Table 25: Turkey, Natural Gas Pipelines, 2008 46
Table 26: Turkey, Natural Gas Pipelines, 2008 (contd.) 47
Table 27: Turkey, LNG Key Statistics, 2008 48
Table 28: Turkey, Total Regasification Capacity (Bcf), 2000-2015 48
Table 29: Turkey, Regasification Capacity, Company-wise (Bcf), 2000-2015 49
Table 30: Turkey, Regasification Capacity, Asset-Wise (Bcf), 2000-2015 50
Table 31: Turkey Underground Gas Storage Key Statistics, 2008 51
Table 32: Turkey, Underground Gas Storage Capacity, By Company, 2008 51
Table 33: Turkey, Underground Gas Storage Capacity (MMcf), 2008 52
Table 34: BOTAS - Petroleum Pipeline Corporation, Key Facts 53
Table 35: BOTAS - Petroleum Pipeline Corporation, SWOT Analysis 57
Table 36: Exxon Mobil Corporation, Key Facts 61
Table 37: Exxon Mobil Corporation, SWOT Analysis 70
Table 38: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 77
Table 39: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 79
Table 40: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 80
Table 41: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 81
Table 42: Chevron Corporation, Key Facts 82
Table 43: Chevron Corporation, SWOT Analysis 93
Table 44: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 98
Table 45: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 98
Table 46: Chevron Corporation, Financial Statements, USD Million, 2003-2007 99
Table 47: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 100
Table 48: Lukoil Acquires Akpet 101
Table 49: Turkiye Petrolleri Anonim Ortakligi To Form A Joint Venture With Chevron 102
Table 50: ExxonMobil Signs Exploration Agreement With Turkiye Petrolleri Anonim Ortakligi 103
Table 51: Xtract Energy Forms A Joint Venture With Merty Energy 104
Table 52: IOCL, Calik Energy, Kaz MunayGaz And Eni To Set Up Refinery Complex 105
Table 53: Toreador Resources Announces Revised Terms To Sell 26.75% Interest In Akcakoca Sub-Basin To Petrol Ofisi 106
Table 54: TransAtlantic Petroleum To Acquire 60% Working Interest In License 4262 107
Table 55: Shell To Acquire Stake In Trans Anatolian Pipeline From Calik Energy And Eni 108
Table 56: TransAtlantic Petroleum Farms Out Turkey Exploration Licenses 109


Companies Mentioned BOTAS- Petroleum Pipeline Corporation Exxon Mobil Corporation Chevron Corporation


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