2013-03-02 15:35:15 -
New Energy research report from Business Monitor International is now available from Fast Market Research
BMI View: Production growth is set to outpace consumption growth in the Malaysian oil sector as the removal of fuel subsidies and a move towards coal-fired power plants reduce domestic demand for oil. Production will continue to be strong given our positive demand forecasts for oil within the Asian region. The trend is reversed in gas, where consumption growth will outpace domestic production growth. Malaysia's gas prices continue to be the lowest in South East Asia, and gas remains the preferred energy fuel by power companies.
The main trends and developments we highlight for Malaysia's oil and gas sector are:
* On January 18, Petronas announced that it had made its first onshore oil and gas discovery after 24 years. The
discovery was made at the Adong Kecil West-1 well and drill-stem tests reflected flow rates of approximately 440b/d and 11.5mn cft daily. The well was drilled to a depth of 3,170m and encountered 349m of net hydrocarbon thickness. While specifics were not mentioned, Petronas announced that there existed some upside potential for hydrocarbon accumulation in the deeper sections of the well.
* Petronas has announced a plan to raise capital expenditures to US$59bn over the next five years as it aims to increase domestic production. With much of the funds earmarked to support increased exploration and production, we believe this additional investment could pose an upside risk to our outlook for oil and gas production. However, we highlight the financial and political challenges facing Petronas as factors that could diminish the impact of this rise in capex.
* Gas supply from the Malaysia-Thailand joint development area and projects such as ExxonMobil's Bintang field is likely to mean continuing growth in Malaysia's gas volumes and exports. We expect gas production to reach 76.4bn cubic metres (bcm) by 2017, an annual average growth rate of 3.3% from 2012 levels. Given substantial gas subsidies, consumption is set to grow faster at an annual average rate of 4.7% from 36.8bcm in 2013 to 46.0bcm in 2017.
* Malaysia's oil export revenues and gas export revenues are set to reach US$8.5bn and US$14.1bn by 2017 respectively.
Full Report Details at
-
www.fastmr.com/prod/541241_malaysia_oil_gas_report_q2_2013.aspx
Partial Table of Contents:
BMI Industry View
SWOT
Industry Forecast
- Oil & Gas Reserves
- Table: Malaysia Proven Oil & Gas Reserves And Total Petroleum Data - Historical And Forecast Data, 2011-2016
- Table: Malaysia Proven Oil & Gas Reserves and Total Petroleum Data - Long-term Forecasts, 2017-2022
- Oil Supply And Demand
- Table: Malaysia Oil Production, Consumption & Net Exports - Historical And Forecast Data, 2011-2016
- Table: Malaysia Oil Production, Consumption & Net Exports - Long-term Forecasts, 2017-2022
- Gas Supply And Demand
- Table: Malaysia Gas Production, Consumption & Net Exports - Historical And Forecast Data, 2011-2017
- Table: Malaysia Gas Production, Consumption & Net Exports - Long-term Forecasts, 2017-2022
- Refining And Oil Products Trade
- Table: Malaysia Refining - Production & Consumption - Historical And Forecast Data, 2011-2016
- Table: Malaysia Refining - Production and Consumption - Long-term Forecasts, 2017-2022
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
- Malaysia - Risk/Reward Ratings
- Malaysia Upstream Rating - Overview
- Malaysia Upstream Rating - Rewards
- Malaysia Upstream Rating - Risks
- Malaysia Downstream Rating - Overview
- Regional Risk Reward Ratings
- Table: Table: Asia's Oil & Gas Risk/Rewards Ratings
- Upstream Hindrance
- Crude Requirement
- Gasifying Asia
- Table: Table: Asia O&G Upstream Risk/Reward Ratings
- Table: Table: Asia O&G Downstream Risk/Reward Ratings
Market Overview
- Malaysia Energy Market Overview
- Table: Upstream Projects Database
- Overview/State Role
- Licensing And Regulation
- Government Policy
- International Energy Relations
- Table: Key Upstream Players
- Table: Key Downstream Players
- Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Malaysia
- Oil Storage Facilities
- Oil Terminals/Ports
- Oil Pipelines
- LNG Terminals
- Gas Pipelines
Competitive Landscape
- Competitive Landscape
- Table: Key Players - Malaysian Energy Sector
Company Profile
- Petronas
- ExxonMobil
- Shell
- ConocoPhillips
- Murphy Oil
- Summary - Other Companies
Regional Overview
- Regional Energy Market Overview
- Table: List of Selected LNG Liquefaction Terminals In Australia and PNG
Global Industry Overview
- Global Energy Market Overview
- Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl)
- Table: Global Oil Demand Forecasts
Appendix
- Asia - Regional Appendix
- Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d)
- Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d)
- Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d)
- Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm)
- Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
-
Full Table of Contents is available at:
--
www.fastmr.com/catalog/product.aspx?productid=541241&dt=t
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at
www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at
www.fastmr.com or call us at 1.800.844.8156.