Market Report, "United Arab Emirates Oil & Gas Report Q1 2013", published

2013-02-22 13:41:51 - Recently published research from Business Monitor International, "United Arab Emirates Oil & Gas Report Q1 2013", is now available at Fast Market Research

BMI Industry View

BMI View: The UAE continues to take advantage of reduced Iranian volumes to sustain relatively high crude output of around 2.7mn b/d. Including condensates and NGLs, we estimate oil production in 2012 averaged 3.0mn b/d. On the back of efforts to increase recovery rates, we expect UAE production to rise to 3.2mn b/d by 2016. Gas production will also increase as more associated gas is captured and new projects such as the Shah field drive output to 68bcm by the end of our forecast period.

We highlight the following trends and developments in the UAE's oil and gas sector:

* With around 1mn barrels per day (b/d) of Iranian crude removed from the oil market due to sanctions, the

UAE is one of the countries taking up the slack - taking advantage of investment in production capacity. Output in mid-2012 averaged around 2.7mn b/d according the latest Independent Energy Agency (IEA) and Energy Information Administration (EIA) data.
* Gas production will continue to grow, with projects such as the Umm Shaif-Habshan project and the Shah development boosting gas output to 67.6bn cubic metres (bcm) by 2016 and 7bcm by 2021. * Despite growing gas volumes, the use of gas in enhanced oil recovery (EOR) projects and extensive processing requirements due to poor quality reserves mean marketable gas volumes are often nearly 40% smaller than the gross volumes actually produced.
* A further 200,000b/d of output was expected by Q412, pushing total production capacity above 3mn b/d. Abu Dhabi is planning to spend US$60bn over the next five years to raise production capacity above 3.5mn b/d. The increase in production capacity has helped support an increase in 2012 oil production; UAE crude output in August 2012 was estimated at 2.7mn b/d.
* The liberalisation of fuel prices is unlikely in the short term, owing to the government largesse following political unrest across the Middle East and North Africa (MENA) region in 2011. Fuels distribution in the UAE will therefore remain a loss-making proposition.

Full Report Details at
- www.fastmr.com/prod/536380_united_arab_emirates_oil_gas_report_q ..

Partial Table of Contents:

BMI Industry View
- BMI Industry View
SWOT
- UAE Oil & Gas SWOT
Industry Forecast
- Industry Forecast
- Industry Forecast Scenario
- Table: Table: UAE Proven Oil and Gas Reserves and Total Petroleum Data - Historical Data And Forecasts, 2010-2016
- Table: Table: UAE Proven Oil and Gas Reserves and Total Petroleum Data - Long-Term Forecasts, 2015-2021
- Table: Table: UAE Oil Production, Consumption and Net Exports - Historical Data And Forecasts, 2010-2016
- Table: Table: UAE Oil Production, Consumption and Net Exports - Long-Term Forecasts, 2015-2021
- Oil Supply and Demand
- Gas Supply And Demand
- Table: Table: UAE Gas Production, Consumption and Net Exports - Historical Data And Forecasts, 2010-2016
- Table: Table: UAE Gas Production, Consumption and Net Exports - Long-Term Forecasts, 2015-2021
- LNG
- Refining And Oil Products Trade
- Table: Table: UAE Refining - Production and Consumption - Historical Data And Forecasts, 2010-2016
- Table: Table: UAE Refining - Production and Consumption - Long-Term Forecasts, 2015-2021
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Industry Risk/Reward Ratings
- UAE Risk/Reward Rating
- UAE Upstream Rating
- UAE Downstream Rating
- Regional Risk/Reward Ratings
- Table: Oil & Gas Risk/Reward Ratings
- Table: Middle East Downstream Oil & Gas Risk/Reward Ratings
- Table: Middle East Upstream Oil & Gas Risk/Rewards Ratings
Market Overview
- UAE Energy Market Overview
- United Arab Emirates Energy Market Overview
- Overview/State Role
- Licensing And Regulation
- Government Policy
- Fuel Prices
- International Energy Relations
- Oil and Gas Infrastructure
- Oil and Gas Infrastructure
- Oil Refineries
- Table: Refineries In The UAE
- Oil Pipelines
- LNG
- Table: LNG Export Terminals in the UAE
- Gas Pipelines
Competitive Landscape
- Competitive Landscape
Company Profile
- Abu Dhabi National Oil Company (ADNOC)
- Dolphin Energy
- Emirates General Petroleum Corporation (Emarat)
- Emirates National Oil Company (ENOC)
- ExxonMobil
- BP
- Total
- Royal Dutch Shell
- Others Summary
- Rosneft
- KNOC Summary
- Dubai Petroleum Summary
- Dana Gas
- Occidental Petroleum Summary
- INPEX/JPDCO Summary
- Cosmo Summary
- TAQA Summary
- CNPC Summary
- RAK Petroleum Summary
Global Industry Overview
- Regional Energy Market Overview
- Global Energy Market Overview
- Table: Global Oil Demand Forecasts - A Comparison
- Inflection point
- New Frontiers In Production
Appendix
- Regional Appendix
- Table: Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Table : Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
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Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=536380&dt=t

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