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

GlobalData, March 2009, Pages: 164

Egypt 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 the oil industry in Egypt. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Egypt. The report also analyses the fiscal regime relevant to the oil assets in Egypt and compares the investment environment in Egypt with other countries in the region. The profiles of the major companies operating in the oil sector in Egypt 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 the oil industry for the period 1995-2020.
- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Egypt Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
- Operator and equity details for major oil assets in Egypt Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
- Key information relating to market regulations, key energy assets and the key companies operating in the Egypt Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil 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 Egypt Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 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.

1 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Egypt Energy Sector 12
2.1 Egypt Energy Sector, Market Overview 12
2.2 Egypt Energy Sector, Crude Oil 13
2.2.1 Egypt Crude Oil, Overview 13
2.2.2 Egypt Crude Oil, Supply and Demand Balance 13
2.2.3 Egypt Crude Oil, Regulatory Structure 19
2.2.4 Egypt Crude Oil, Infrastructure 20
3 Egypt Fiscal Regime 21
3.1 Egypt Petroleum Fiscal Environment 21
3.2 License Terms 21
3.3 Key Fiscal Terms 22
3.4 Sample Cashflows Calculations 26
4 Egypt Oil Upstream Investment Environment Benchmarking 27
4.1 Introduction 27
4.2 The Overall Ranking 27
4.3 Upstream Fiscal Attractiveness 28
4.3.1 Maximum Government Take Index 29
4.3.2 Fiscal Flexibility 29
4.3.3 Maximum State Participation 29
4.3.4 Maximum Domestic Market Obligation 30
4.4 Oil Sector Performance 30
4.4.1 Exploration Activity 33
4.4.2 Oil Production 34
4.4.3 Oil Reserves 34
4.4.4 Oil Consumption 34
4.4.5 Refining Industry 34
4.5 Economic Performance 35
4.5.1 GDP Growth Index 36
4.5.2 FDI Confidence Index 36
4.5.3 Balance of Trade Index 37
4.6 Socio-Political Performance 37
4.6.1 Democracy Index 38
4.6.2 Governance Index 38
5 Egypt Exploration and Production Sector 39
5.1 Egypt Exploration and Production Sector, Country Snapshot 39
5.1.1 Egypt Exploration and Production Sector, Key Data 39
5.1.2 Egypt Exploration and Production Sector, Crude Oil Assets Map 39
5.2 Egypt Exploration and Production Sector, Gross Crude Oil Production 40
5.2.1 Egypt Exploration and Production Sector, Gross Crude Oil-Historical Production 40
5.2.2 Egypt Exploration and Production Sector, Gross Crude Oil Production by Assets 41
Egypt Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 42
5.2.3 Egypt Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 44
5.3 Egypt Exploration and Production Sector, Gross Crude Oil Forecasts 45
5.3.1 Egypt Exploration and Production Sector, Crude Oil Gross Forecasted Production 45
5.3.2 Egypt Exploration and Production Sector, Gross Revenue Forecast 45
5.3.3 Egypt Exploration and Production Sector, Government Take Forecast 46
5.3.4 Egypt Exploration and Production Sector, Contractor Take Forecast 46
5.4 Egypt Exploration And Production Sector, Crude Oil Asset Details 47
5.4.1 Egypt Exploration And Production Sector, Planned Crude Oil Asset Details 47
6 Egypt Pipeline Sector 48
6.1 Egypt Pipeline Sector, Key Data 48
6.2 Egypt Pipeline Sector, An Overview 48
6.3 Egypt Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 48
6.4 Egypt Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 50
6.5 Egypt Pipeline Sector, Crude Oil Pipelines 50
6.5.1 Egypt Pipeline Sector, Petroleum Product Pipelines 51
7 Egypt Refining Sector 52
7.1 Egypt Refining Sector, Key Data 52
7.2 Egypt Refining Sector, An Overview 52
7.2.1 Egypt Refining Sector, Total Refining Capacity 52
7.3 Egypt Refining Sector, Capacity-Wise Market Share By Company 53
7.4 Egypt Refining Sector, Crude Distillation Unit Capacity 55
7.5 Egypt Refining Sector, Coking Capacity 56
7.5.1 Egypt Refining Sector, Hydrocracking Capacity 56
8 Egypt Oil and Chemicals Storage Sector 57
8.1 Egypt Oil and Chemicals Storage Sector, Key Data 57
8.2 Egypt Oil and Chemicals Storage Sector, An Overview 57
8.2.1 Egypt Oil and Chemicals Storage Sector, Total Storage Capacity 57
8.3 Egypt Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 58
8.4 Egypt Oil and Chemicals Storage Sector, Storage Capacity 59
9 Profile of BG Group plc 60
9.1 BG Group plc, Key Information 60
9.2 BG Group plc, Company Overview 60
9.3 BG Group plc, Business Description 60
9.3.1 BG Group plc, Business Description, Business Overview 60
9.3.2 BG Group plc, Business Description, Exploration and Production 61
9.3.3 BG Group plc, Business Description, Liquefied Natural Gas 63
9.3.4 BG Group plc, Business Description, Power and Other activities 65
9.3.5 BG Group plc, Business Description, Transmission and Distribution 66
9.3.6 BG Group plc, Business Description, Major Products and Services 68
9.4 BG Group plc, Value Chain Analysis 69
9.4.1 BG Group plc, Value Chain Analysis, Upstream 69
9.4.2 BG Group plc, Value Chain Analysis, Midstream 70
9.4.3 BG Group plc, Value Chain Analysis, Downstream 71
9.5 BG Group plc, SWOT Analysis 71
9.5.1 BG Group plc, SWOT Analysis, Overview 71
9.5.2 BG Group plc, SWOT Analysis, Strengths 72
9.5.3 BG Group plc, SWOT Analysis, Weaknesses 73
9.5.4 BG Group plc, SWOT Analysis, Opportunities 74
9.5.5 BG Group plc, SWOT Analysis, Threats 75
9.6 BG Group plc, Revenue Analysis 76
9.6.1 BG Group plc, Revenue Analysis, Revenue by Segment 76
9.6.2 BG Group plc, Revenue Analysis, Revenue by Geography 77
9.7 BG Group plc, Financial and Operational Review 78
9.7.1 Financial Statements 78
9.7.2 Financial Ratios 79
10 Profile Of Eni S.p.A. 80
10.1 Eni S.p.A., Key Facts 80
10.2 Eni S.p.A., Company Overview 80
10.3 Eni S.p.A., Business Description 80
10.3.1 Eni S.p.A., Business Description, Business Overview 80
10.3.2 Eni S.p.A., Business Description, Engineering and Construction 81
10.3.3 Eni S.p.A., Business Description, Exploration & Production 82
10.3.4 Eni S.p.A., Business Description, Gas & Power 83
10.3.5 Eni S.p.A., Business Description, Others 85
10.3.6 Eni S.p.A., Business Description, Petrochemicals 85
10.3.7 Eni S.p.A., Business Description, Refining and Marketing 86
10.4 Eni S.p.A., Value Chain Analysis 88
10.4.1 Eni S.p.A., Value Chain Analysis, Upstream 88
10.4.2 Eni S.p.A., Value Chain Analysis, Midstream 89
10.4.3 Eni S.p.A., Value Chain Analysis, Downstream 90
10.4.4 Eni S.p.A., Value Chain Analysis, Retail 91
10.5 Eni S.p.A., SWOT Analysis 91
10.5.1 Eni S.p.A., SWOT Analysis, Overview 91
10.5.2 Eni S.p.A., SWOT Analysis, Strengths 92
10.5.3 Eni S.p.A., SWOT Analysis, Weaknesses 93
10.5.4 Eni S.p.A., SWOT Analysis, Opportunities 95
10.5.5 Eni S.p.A., SWOT Analysis, Threats 96
10.6 Eni S.p.A., Revenue Analysis 97
10.6.1 Eni S.p.A., Revenue by Segment 97
10.6.2 Eni S.p.A., Revenue by Geography 98
10.7 Eni S.p.A., Financial and Operational Review 100
10.7.1 Financial Statements 100
10.7.2 Financial Ratios 101
11 Petroliam Nasional Berhad (PETRONAS) 102
11.1 Petroliam Nasional Berhad (PETRONAS), Key Information 102
11.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 102
11.3 Petroliam Nasional Berhad (PETRONAS), Business Description 102
11.3.1 Petroliam Nasional Berhad (PETRONAS), Business Description, Business Overview 102
11.3.2 Petroliam Nasional Berhad (PETRONAS), Business Description, Exploration and Production Segment 103
11.3.3 Petroliam Nasional Berhad (PETRONAS), Business Description, Gas Business Segment 104
11.3.4 Petroliam Nasional Berhad (PETRONAS), Business Description, Logistics and Maritime Segment 105
11.3.5 Petroliam Nasional Berhad (PETRONAS), Business Description, Oil Business Segment 106
11.3.6 Petroliam Nasional Berhad (PETRONAS), Business Description, Petrochemicals Segment 107
11.4 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis 108
11.4.1 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Upstream 108
11.4.2 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Midstream 109
11.4.3 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Downstream 110
11.4.4 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Retail 111
11.5 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 112
11.5.1 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Overview 112
11.5.2 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Strengths 112
11.5.3 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Weaknesses 113
11.5.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Opportunities 114
11.5.5 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Threats 115
11.6 Petroliam Nasional Berhad (PETRONAS), Revenue Analysis 116
11.6.1 Petroliam Nasional Berhad (PETRONAS), Revenue by Segment 116
11.6.2 Petroliam Nasional Berhad (PETRONAS), Revenue by Geography 117
11.7 Petroliam Nasional Berhad (PETRONAS), Financial and Operational Review 118
11.7.1 Financial Statements 118
11.7.2 Financial Ratios 119
12 Financial Deals Landscape 120
12.1 Detailed Deal Summary 120
12.1.1 Acquisition 120
12.1.2 Partnerships 121
12.1.3 Asset Transactions 122
13 Recent Developments 136
13.1 License Rounds 136
13.1.1 Aug 12, 2008: Egypt To Conduct International Tender For Offshore Drilling In Mediterranean Sea 136
13.2 License Awards 136
13.2.1 Nov 07, 2008: Two Indian Consortiums Win Three Exploration Licenses In Egypt 136
13.3 Strategy and Business Expansion 137
13.3.1 Jul 24, 2008: Al Khorafi Withdraws From Maidor Petrochemical Refinery Construction Project In Egypt 137
13.4 Recent Discoveries 138
13.4.1 Feb 27, 2009: Vegas Oil and Gas Announces Discovery At Amir Southeast-1 And Amir Southeast-2 Wells In Egypt 138
13.4.2 Feb 23, 2009: Dana Gas Announces Gas Discovery At Azhar-1 Well In Nile Delta, Egypt 138
13.4.3 Feb 16, 2009: Dana Gas Announces New Gas Discovery In West Manzala Concession, Egypt 140
13.4.4 Feb 02, 2009: RWE Dea Discovers Gas At Ruby-3 Well In Egypt 140
13.4.5 Jan 15, 2009: Circle Oil Announces Discovery Of Oil And Gas At Al Amir SE-2X Well In North-West Gemsa Concession, Egypt 141
13.4.6 Jan 14, 2009: Apache Scores Triple Play With Discoveries In Egypts Western Desert 142
13.5 Drilling and Production Updates 143
13.5.1 Mar 18, 2009: Beach Petroleum Reaches 3,927 Meters Depth At South July-1 Well In Egypt 143
13.5.2 Mar 11, 2009: Beach Petroleum Updates On South July-1 Well In Egypt 143
13.5.3 Mar 04, 2009: Beach Petroleum Provides Drilling Update 143
13.5.4 Mar 01, 2009: Circle Oil Commences Production From Al Amir Development Lease Area In Gemsa Permit, Egypt 144
13.5.5 Feb 25, 2009: Beach Petroleum Provides Drilling Update 144
13.5.6 Feb 24, 2009: Naftogaz Ukrainy Commences Oil Production From Alam El Shawish Block In Western Desert Of Egypt 144
13.5.7 Feb 20, 2009: Melrose Resources Provides 2008 Production Update 146
13.5.8 Feb 18, 2009: Beach Petroleum Provides Drilling Update 147
13.5.9 Feb 17, 2009: Sea Dragon Provides Results Of Drilling Program At East Wadi Araba Concession, Gulf Of Suez 147
13.5.10 Feb 11, 2009: Beach Provides Drilling Update 148
13.6 Other Significant Developments 148
13.6.1 Feb 11, 2009: Egypt To Raise Gas Production By 6% To Meet Local Demand 148
13.6.2 Feb 06, 2009: Dana Provides Operations Update 148
13.6.3 Feb 04, 2009: BG Group, Petronas And Edison To Invest $2.1 Billion On Gas Exploration In Egypt 152
13.6.4 Feb 02, 2009: TransGlobe Provides Operations Update 153
13.6.5 Jan 27, 2009: Groundstar Concludes 2D Seismic Program On West Kom Ombo Block, Egypt 154
13.6.6 Jan 26, 2009: TransGlobe Updates On Hana West Field In Egypt 154
13.6.7 Jan 22, 2009: Beach Provides Operations Update 155
13.6.8 Jan 22, 2009: Melrose Provides Operational Update 156
13.6.9 Jan 20, 2009: TransGlobe Provides Operations Update And 2009 Guidance 157
13.6.10 Jan 14, 2009: Beach Provides Operations Update 158
14 Appendix 160
14.1 Methodology 160
14.1.1 Coverage 160
14.1.2 Secondary Research 161
14.1.3 Primary Research 161
14.1.4 E&P Forecasts 162
14.1.5 Midstream Forecasts 163
14.1.6 Expert Panel Validation 163
14.2 Contact Us 164
14.3 About Us 164
14.4 Disclaimer 164

Executive Summary

1.1 List of Tables
Table 1: Egypt, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 14
Table 2: Egypt, Historical and Forecasted Imports and Exports of Crude Oil, 1996-2020 16
Table 3: Egypt, Historical Reserves of Crude Oil, 1996-2008 18
Table 4: Egypt, Crude Oil, Profit Oil, 2007 23
Table 5: Egypt, Natural Gas, Profit Gas, 2007 24
Table 6: North Africa, Investment Benchmarking, Overall Country Rankings, 2008 27
Table 7: North Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 28
Table 8: North Africa, Investment Benchmarking, Oil Sector Performance, 2008 30
Table 9: North Africa, Investment Benchmarking, Economic Performance, 2008 35
Table 10: North Africa, Country Standings, Economic Performance, 2008 35
Table 11: North Africa, Investment Benchmarking, Socio-Political Performance, 2008 37
Table 12: North Africa, Country Standings, Socio-Political Performance, 2008 37
Table 13: Egypt, Crude Oil Key Statistics, 2008 39
Table 14: Egypt, Total Gross Crude Oil Production (MMBBLs), 2001-2008 40
Table 15: Egypt, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 41
Table 16: Egypt, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 42
Table 17: Egypt, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 44
Table 18: Egypt, Crude Oil Gross Production (MMBBLs), Forecast by Assets, 2009-2014 45
Table 19: Egypt, Forecasted Assets-wise Gross Revenue (000$), 2009-2014 45
Table 20: Egypt, Projected Assets-wise Total Government Take (000$), 2009-2014 46
Table 21: Egypt, Projected Assets-wise Total Contractor Take(000$), 2009-2014 46
Table 22: Egypt, Active Oil Field Assets Details 47
Table 23: Egypt, Planned Oil Field Assets Details 47
Table 24: Egypt, Pipeline Key Statistics, 2008 48
Table 25: Egypt, Crude Oil Pipeline Length by Company (Km), 2008 48
Table 26: Egypt, Petroleum Product Pipeline Length by Company (Km), 2008 50
Table 27: Egypt, Crude Oil Pipelines, 2008 50
Table 28: Egypt, Petroleum Product Pipelines, 2008 51
Table 29: Egypt, Refinery Key Statistics, 2008 52
Table 30: Egypt, Total Refining Capacity (MMTPA), 2000- 2013 52
Table 31: Egypt, Refining Capacity Company-wise (MMTPA), 2008- 2013 53
Table 32: Egypt, Crude Distillation Unit Capacity (MMTPA), 2000-2013 55
Table 33: Egypt, Coking Unit Capacity (MMTPA), 2000-2013 56
Table 34: Egypt, Hydrocracking Unit Capacity (MMTPA), 2000-2013 56
Table 35: Egypt, Oil Storage Key Statistics, 2008 57
Table 36: Egypt, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 57
Table 37: Egypt, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 58
Table 38: Egypt, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 59
Table 39: BG Group plc, Key Facts 60
Table 40: BG Group plc, SWOT Analysis 72
Table 41: BG Group plc, Revenue by Segment, GBP Million, 2003-2007 76
Table 42: BG Group plc, Revenue by Geography, GBP Million, 2003-2007 77
Table 43: BG Group plc, Financial Statements, GBP Million, 2003-2007 78
Table 44: BG Group plc, Financial Ratios, GBP Million, 2003-2007 79
Table 45: Eni S.p.A., Key Facts 80
Table 46: Eni S.p.A., SWOT Analysis 92
Table 47: Eni S.p.A., Revenue by Segment, Euro Million, 2003-2007 98
Table 48: Eni S.p.A., Revenue by Geography, Euro Million, 2003-2007 99
Table 49: Eni S.p.A., Financial Statements, Euro Million, 2003-2007 100
Table 50: Eni S.p.A., Financial Ratios, Euro Million, 2003-2007 101
Table 51: Petroliam Nasional Berhad (PETRONAS), Key Facts, 2008 102
Table 52: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 112
Table 53: Petroliam Nasional Berhad (PETRONAS), Revenue by Segment, USD Million, 2004-2008 117
Table 54: Petroliam Nasional Berhad (PETRONAS), Revenue by Geography, USD Million, 2004-2008 117
Table 55: Petroliam Nasional Berhad (PETRONAS), Financial Statements, USD Million, 2004-2008 118
Table 56: Petroliam Nasional Berhad (PETRONAS), Financial Ratios, USD Million, 2004-2008 119
Table 57: Oil Search Sells Oil Search (MENA) To Kuwait Energy 120
Table 58: Enel Forms Joint Venture With Egyptian Natural Gas Holding Company 121
Table 59: E.ON Ruhrgas Acquires 29% Interest In NW Demiatta Exploration Licence From Shell Egypt 122
Table 60: Sea Dragon Energy To Acquire Ras El Ush Concession From Dover Investments 123
Table 61: PetroVietnam Exploration Production To Acquire Stake In South Siwa Block In Egypt 124
Table 62: RWE Dea To Acquire 40% Equity Interest In South Mariut Block From El Paso 125
Table 63: El Paso To Acquire 40% Equity Interest In Tanta Block From RWE Dea 126
Table 64: Edison To Sell 25% Stake In Gas Field To Electricite de France 127
Table 65: PetroVietnam Exploration Production To Acquire Majority Stake In Oil Block In Egypt 128
Table 66: Beach Petroleum Acquire Stake In North Shadwan Concession From Tri-Ocean 129
Table 67: ENI Sells Exploration And Production Assets To GDF SUEZ 130
Table 68: TransGlobe Acquires 25% Additional Interest In West Gharib Properties 131
Table 69: Beach Petroleum To Acquire Two Concessions From Santos 132
Table 70: Dana Petroleum To Acquire 40% Interest In South East July 133
Table 71: Mogul Energy International To Sell 20% Working Interest To Egypt Oil Holdings, Sea Dragon Energy And Dover Investments 134
Table 72: Oil Search Sells 30% Interest In Area A To Petrogas E&P 135

BG Group plc
Eni S.p.A.
Petroliam Nasional Berhad (PETRONAS)

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