Egypt Oil and Gas Report Q1 2014 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-02 20:55:02
Political risk in Egypt has peaked, and we expect a slight moderation over the coming months.
The interim government has brought a semblance of stability to Egypt´s political scene and a degree of policy continuity that has not been present in Egypt for much of 2013. Nevertheless, we believe that operational risk and lack of policy certainty will affect the country´s oil and gas output for the coming months and possibly years. That said, we stress that the country´s below-ground potential remains extensive, as exemplified by a series of recent discoveries in onshore and offshore concessions. This leads us to believe that Egypt still holds large upside potential, but this will only be monetised over the long term as current woes are alleviated.
We highlight the following trends and developments in Egypt´s oil and gas sector:
- A series of recent discoveries by Beach Energy and Apache in their Western Desert concessions and BP Egypt in the deepwater East Nile Delta highlight that below-ground potential remains promising.
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