Research and Markets


Printer Friendly

Printed from http://www.researchandmarkets.com/reports/835290


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


Description: Turkey Oil 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 crude oil assets (oil fields, refineries, pipelines and storage terminals) in Turkey. The report also analyses the fiscal regime relevant to the crude oil 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 crude oil 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 oil fields, refineries, pipelines and storage terminals in Turkey for the period 1995-2020.
-Operator and equity details for major crude oil 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 oil 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 oil assets.
-Assess your competitor’s major crude oil assets and their performance.
-Analyze the latest news and financial deals in the oil 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, Crude Oil 12
2.2.1 Turkey Crude Oil, Overview 12
2.2.2 Turkey Crude Oil, Supply and Demand Balance 12
2.2.3 Turkey Crude Oil, Regulatory Structure 18
2.2.4 Turkey Crude Oil, 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 Oil 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 Oil Sector Performance 29
4.4.1 Exploration Activity 31
4.4.2 Oil Production 32
4.4.3 Oil Reserves 32
4.4.4 Oil Consumption 33
4.4.5 Refining Industry 33
4.5 Economic Performance 33
4.5.1 GDP Growth Index 35
4.5.2 FDI Confidence Index 35
4.5.3 Balance of Trade Index 35
4.6 Socio-Political Performance 35
4.6.1 Democracy Index 37
4.6.2 Governance Index 37
5 Turkey Exploration and Production Sector 38
5.1 Turkey Exploration and Production Sector, Country Snapshot 38
5.1.1 Turkey Exploration and Production Sector, Key Data 38
5.1.2 Turkey Exploration and Production Sector, Crude Oil Assets Map 39
5.2 Turkey Exploration and Production Sector, Gross Crude Oil Production 40
5.2.1 Turkey Exploration and Production Sector, Gross Crude Oil-Historical Production 40
5.2.2 Turkey Exploration and Production Sector, Gross Crude Oil Production by Assets 41
5.2.3 Turkey Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 43
5.2.4 Turkey Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 44
5.3 Turkey Exploration and Production Sector, Gross Crude Oil Forecasts 45
5.3.1 Turkey Exploration and Production Sector, Gross Crude Oil Forecasted Production 45
5.3.2 Turkey Exploration and Production Sector, Gross Revenue Forecast 47
5.3.3 Turkey Exploration and Production Sector, Government Take Forecast 49
5.3.4 Turkey Exploration and Production Sector, Contractor Take Forecast 51
6 Turkey Pipeline Sector 53
6.1 Turkey Pipeline Sector, Key Data 53
6.2 Turkey Pipeline Sector, An Overview 53
6.3 Turkey Pipeline Sector, Comparsion of Key Crude Oil Pipeline Companies 53
6.4 Turkey Pipeline Sector, Crude Oil Pipelines 54
7 Turkey Refining Sector 55
7.1 Turkey Refining Sector, Key Data 55
7.2 Turkey Refining Sector, An Overview 55
7.2.1 Turkey Refining Sector, Total Refining Capacity 55
7.3 Turkey Refining Sector, Capacity-Wise Market Share By Company 56
7.4 Turkey Refining Sector, Crude Distillation Unit Capacity 57
7.5 Turkey Refining Sector, Fluid Catalytic Cracking Capacity 57
7.6 Turkey Refining Sector, Hydrocracking Capacity 58
8 Turkey Oil and Chemicals Storage Sector 59
8.1 Turkey Oil and Chemicals Storage Sector, Key Data 59
8.2 Turkey Oil and Chemicals Storage Sector, An Overview 59
8.2.1 Turkey Oil and Chemicals Storage Sector, Total Storage Capacity 59
8.3 Turkey Oil and Chemicals Storage Sector Capacity-Wise Market Share By Company 61
8.4 Turkey, Oil and Chemicals Storage Sector, Storage Capacity 63
9 Profile of BOTAS- Petroleum Pipeline Corporation 66
9.1 BOTAS, Key Information 66
9.2 BOTAS, Company Overview 66
9.3 BOTAS, Business Description 66
9.3.1 BOTAS, Business Description, Business Overview 66
9.3.2 BOTAS, Business Description, Transportation of Crude Oil and Natural Gas 66
9.3.3 BOTAS, Business Description, Major Products and Services 68
9.4 BOTAS, Value Chain Analysis 69
9.4.1 BOTAS, Value Chain Analysis, Midstream 69
9.5 BOTAS, SWOT Analysis 70
9.5.1 BOTAS, SWOT Analysis, Overview 70
9.5.2 BOTAS, SWOT Analysis, Strengths 71
9.5.3 BOTAS, SWOT Analysis, Weaknesses 71
9.5.4 BOTAS, SWOT Analysis, Opportunities 72
9.5.5 BOTAS, SWOT Analysis, Threats 73
9.6 BOTAS, Revenue Analysis 73
9.6.1 BOTAS, Revenue Analysis, Revenue by Segment 73
10 Profile of Exxon Mobil Corporation 74
10.1 Exxon Mobil Corporation, Key Information 74
10.2 Exxon Mobil Corporation, Company Overview 74
10.3 Exxon Mobil Corporation, Business Description 74
10.3.1 Exxon Mobil Corporation, Business Description, Overview 74
10.3.2 Exxon Mobil Corporation, Business Description, Chemical 74
10.3.3 Exxon Mobil Corporation, Business Description, Downstream 76
10.3.4 Exxon Mobil Corporation, Business Description, Upstream 78
10.4 Exxon Mobil Corporation, Value Chain Analysis 80
10.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 80
10.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 81
10.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 82
10.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 82
10.5 Exxon Mobil Corporation, SWOT Analysis 82
10.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 82
10.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 83
10.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 85
10.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 87
10.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 88
10.6 Exxon Mobil Corporation, Revenue Analysis 90
10.6.1 Exxon Mobil Corporation, Revenue by Segment 90
10.6.2 Exxon Mobil Corporation, Revenue by Geography 91
10.7 Exxon Mobil Corporation, Financial and Operational Review 93
10.7.1 Financial Statements 93
10.7.2 Financial Ratios 94
11 Profile of Chevron Corporation 95
11.1 Chevron Corporation, Key Information 95
11.2 Chevron Corporation, Company Overview 95
11.3 Chevron Corporation, Business Description 95
11.3.1 Chevron Corporation, Business Description, Overview 95
11.3.2 Chevron Corporation, Business Description, Chemicals 96
11.3.3 Chevron Corporation, Business Description, Downstream Segment 97
11.3.4 Chevron Corporation, Business Description, Others Segment 98
11.3.5 Chevron Corporation, Business Description, Upstream Segment 99
11.4 Chevron Corporation, Value Chain Analysis 101
11.4.1 Chevron Corporation, Value Chain Analysis, Upstream 101
11.4.2 Chevron Corporation, Value Chain Analysis, Midstream 103
11.4.3 Chevron Corporation, Value Chain Analysis, Retail 103
11.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 104
11.4.5 Chevron Corporation, Value Chain Analysis, Transformation 105
11.5 Chevron Corporation, SWOT Analysis 105
11.5.1 Chevron Corporation, SWOT Analysis, Overview 105
11.5.2 Chevron Corporation, SWOT Analysis, Strengths 106
11.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 107
11.5.4 Chevron Corporation, SWOT Analysis, Opportunities 108
11.5.5 Chevron Corporation, SWOT Analysis, Threats 109
11.6 Chevron Corporation, Revenue Analysis 110
11.6.1 Chevron Corporation, Revenue by Segment 111
11.6.2 Chevron Corporation, Revenue by Geography 111
11.7 Chevron Corporation, Financial and Operational Review 112
11.7.1 Financial Statements 112
11.7.2 Financial Ratios 113
12 Turkey Oil Markets, Financial Deals Landscape 114
12.1 Detailed Deal Summary 114
12.1.1 Acquisition 114
12.1.2 Partnerships 115
12.1.3 Asset Transactions 119
13 Turkey Oil Markets, Recent Developments 123
13.1 License Awards 123
13.1.1 May 23, 2008: Incremental Receives Eight Exploration Licenses In Central Turkey 123
13.1.2 Mar 31, 2008: TransAtlantic Announces Farmout Of Turkey Exploration Licenses 124
13.2 Strategy and Business Expansion 124
13.2.1 Dec 29, 2008: TPAO And Chevron To Discuss On Joint Hydrocarbon Exploration In Black Sea 124
13.2.2 Aug 01, 2008: Zion And AME To Defer Signing Drilling Contract By One Month 125
13.2.3 Jul 17, 2008: Gazprom To Create A Company In Turkey 125
13.3 Recent Discoveries 126
13.3.1 Jan 19, 2009: Incremental Finds Net Gas Pay At Ikihoyuk 2 Well In Western Turkey 126
13.3.2 Dec 09, 2008: Xtract Discovers Oil At Sarikiz-2 Well In Turkey 126
13.3.3 Jul 04, 2008: Otto Energy And Incremental Encounter Gas At Arpaci 2A Appraisal Well, Western Turkey 127
13.3.4 May 01, 2008: Otto Energy Makes Sixth Gas Discovery In Turkey 127
13.4 Drilling and Production Updates 128
13.4.1 Jan 05, 2009: Otto To Spud Ikihoyuk-2 Well In Thrace Basin, Turkey 128
13.4.2 Dec 05, 2008: ZETA Plugs And Abandons Duzce-1 Exploration Well In Northern Turkey 129
13.4.3 Dec 04, 2008: Xtract Drills Sarikiz-2 Well In Turkey 129
13.4.4 Nov 26, 2008: Xtract Updates On Sarikiz-2 Well In Turkey 130
13.4.5 Nov 26, 2008: Xtract Updates On Sarikiz-2 Well In Turkey 130
13.4.6 Nov 25, 2008: Incremental Updates On Atesler 1 Well In Turkey 131
13.5 Financial Announcements 132
13.5.1 Nov 05, 2008: Petrol Ofisi Reports 3Q 2008 Results 132
13.5.2 Aug 18, 2008: TUPRAS Declares 1H 2008 Results 133
13.5.3 Aug 05, 2008: Petrol Ofisi Reports 1H 2008 Results 133
13.5.4 May 14, 2008: Tupras Reports Q1 2008 Results 134
13.6 Other Significant Developments 135
13.6.1 Feb 10, 2009: Iran Updates On Its Latest Oil And Gas Deals Signed With Foreign Companies 135
13.6.2 Feb 05, 2009: LUKOIL Updates On Its Turkey Activities In 2008 137
13.6.3 Jan 30, 2009: Otto Provides 2008 Operational Update 138
13.6.4 Jan 23, 2009: Turcas Says No Plans To Cancel Ceyhan Refinery Project 141
13.6.5 Jan 20, 2009: Iran Temporarily Suspends Gas Supplies To Turkey 141
13.6.6 Jan 19, 2009: Turkey To Review Its Support For Nabucco Gas Pipeline To Europe 141
14 Appendix 143
14.1 Methodology 143
14.1.1 Coverage 143
14.1.2 Secondary Research 144
14.1.3 Primary Research 144
14.1.4 E&P Forecasts 145
14.1.5 Midstream Forecasts 146
14.1.6 Expert Panel Validation 147
14.2 Contact Us 147
14.3 About Us 147
14.4 Disclaimer 147

Executive Summary

1.1 List of Tables
Table 1: Turkey, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Turkey, Historical and Forecasted Import of Crude Oil, 1996-2020 15
Table 3: Turkey, Historical Reserves of Crude Oil, 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, Oil 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 34
Table 12: Eastern Europe, Investment Benchmarking, Socio-Political Performance, April 2008 36
Table 13: Eastern Europe, Country Standings, Socio-Political Performance, April 2008 36
Table 14: Turkey, Crude Oil Key Statistics, 2008 38
Table 15: Turkey, Total Gross Crude Oil Production (MMBBLs), 2001-2008 40
Table 16: Turkey, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 41
Table 17: Turkey, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 43
Table 18: Turkey, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 44
Table 19: Turkey, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2009-2014 45
Table 20: Turkey, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2009-2014 (Contd.) 46
Table 21: Turkey, Forecasted Assets-wise Gross Revenue(000$), 2009-2014 47
Table 22: Turkey, Forecasted Assets-wise Gross Revenue(000$), 2009-2014 (Contd.) 48
Table 23: Turkey, Projected Assets-wise Total Government Take(000$), 2009-2014 49
Table 24: Turkey, Projected Assets-wise Total Government Take(000$), 2009-2014 (Contd.) 50
Table 25: Turkey, Projected Assets-wise Total Contractor Take(000$), 2009-2014 51
Table 26: Turkey, Projected Assets-wise Total Contractor Take(000$), 2009-2014 (Contd.) 52
Table 27: Turkey, Pipeline Key Statistics, 2008 53
Table 28: Turkey, Crude Oil Pipeline Length by Company (Km), 2008 53
Table 29: Turkey, Crude Oil Pipelines, 2008 54
Table 30: Turkey, Refinery Key Statistics, 2008 55
Table 31: Turkey, Total Refining Capacity (MMTPA), 2000- 2013 55
Table 32: Turkey Refining Capacity Company-wise (MMTPA), 2000-2013 56
Table 33: Turkey, Crude Distillation Unit Capacity (MMTPA), 2000-2013 57
Table 34: Turkey, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 57
Table 35: Turkey, Hydrocracking Unit Capacity (MMTPA), 2000-2013 58
Table 36: Turkey, Oil Storage Key Statistics, 2008 59
Table 37: Turkey, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 59
Table 38: Turkey, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 61
Table 39: Turkey, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 63
Table 40: Turkey, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (contd.) 64
Table 41: Turkey, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Contd.) 65
Table 42: BOTAS - Petroleum Pipeline Corporation, Key Facts 66
Table 43: BOTAS - Petroleum Pipeline Corporation, SWOT Analysis 70
Table 44: Exxon Mobil Corporation, Key Facts 74
Table 45: Exxon Mobil Corporation, SWOT Analysis 83
Table 46: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 90
Table 47: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 92
Table 48: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 93
Table 49: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 94
Table 50: Chevron Corporation, Key Facts 95
Table 51: Chevron Corporation, SWOT Analysis 106
Table 52: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 111
Table 53: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 111
Table 54: Chevron Corporation, Financial Statements, USD Million, 2003-2007 112
Table 55: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 113
Table 56: Lukoil Acquires Akpet 114
Table 57: Turkiye Petrolleri Anonim Ortakligi To Form A Joint Venture With Chevron 115
Table 58: ExxonMobil Signs Exploration Agreement With Turkiye Petrolleri Anonim Ortakligi 116
Table 59: Xtract Energy Forms A Joint Venture With Merty Energy 117
Table 60: IOCL, Calik Energy, Kaz MunayGaz And Eni To Set Up Refinery Complex 118
Table 61: Toreador Resources Announces Revised Terms To Sell 26.75% Interest In Akcakoca Sub-Basin To Petrol Ofisi 119
Table 62: TransAtlantic Petroleum To Acquire 60% Working Interest In License 4262 120
Table 63: Shell To Acquire Stake In Trans Anatolian Pipeline From Calik Energy And Eni 121
Table 64: TransAtlantic Petroleum Farms Out Turkey Exploration Licenses 122


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


Ordering: Order Online - visit http://www.researchandmarkets.com/reports/835290

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.


Research and Markets Page 1 of 2
Printed 17/02/2012 01:52:51
Fax Order Form
To place an order via fax simply print this form, fill in the information below and fax the completed form to
646-607-1907 (from USA) or +353 1 6849977 (from Rest of World). If you have any questions please email help@researchandmarkets.net

Order information
Please verify that the product information is correct and select the format you require.
Product Name:
Turkey Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
Web Address:
http://www.researchandmarkets.com/reports/835290
Office Code:
OC8IHINLSNNSS

Report formats
Please enter the quantity of the report format you require.

Format Quantity Price
Electronic (PDF) - Single User €1,886.00
Electronic (PDF) - Site License €3,772.00
Electronic (PDF) - Enterprisewide €5,659.00



Contact information
Please enter all the information below in BLOCK CAPITALS.

First Name:   Last Name:  
Email Address:
Job Title:
Organisation:
Address:
City:
Postal/Zip Code:
Country:
Phone Number:
Fax Number:


Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)
Research and Markets Page 2 of 2
Printed 17/02/2012 01:52:51

Payment information

Please indicate the payment method you would like to use by selecting the appropriate box.

 Pay by Credit Card:
American Express
Diners Club
Master Card
Visa
Cardholder's Name:
Cardholder's Signature:
Expiry Date: /
Card Number:
CVV Security Code:
Issue Date: /   (Diners Club only)


 Pay by Check:
Please post the check, accompanied by this form, to:

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.


 Pay by Wire Transfer:
Please transfer funds to:

Account number: 83313083
Sort code: 98-53-30
Swift code: ULSBIE2D
IBAN number: IE78ULSB98533083313083
Bank Address: Ulster Bank,
27-35 Main St,
Blackrock,
Co. Dublin,
Ireland.
If you have a Marketing Code please enter it below:
Marketing Code:


Please note that by ordering from Research and Markets you are agreeing to our Terms and Conditions at http://www.researchandmarkets.com/info/terms.asp

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)