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"Oman Oil & Gas Report Q1 2013" Published


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2013-02-19 10:15:44 - New Energy market report from Business Monitor International: "Oman Oil & Gas Report Q1 2013"

BMI View: Oman has reason for optimism about its oil and gas sector's prospects in 2013. Its experiment in full-scale enhanced oil recovery (EOR) projects has delivered clear results, with crude production reviving to levels not seen in 10 years. Ambitious plans to expand its downstream sector, with a new grassroots refinery in Duqm, attest to the positive sentiment in the Sultanate's hydrocarbons sector. The icing on the cake would be a final investment decision on BP's proposed $20bn tight gas development. The willingness of the authorities to tweak the pricing structure could make the scheme a bankable one for the UK supermajor - heralding a substantial long-term increase in gas production.

We highlight the following trends and developments in Oman's

oil & gas sector:


Full Report Details at
- www.fastmr.com/prod/536522_oman_oil_gas_report_q1_2013.aspx


* BMI sees Oman's proven oil reserves rising from 5.5bn barrels (bbl) in 2011 to 5.9bn bbl by 2013/14, but falling to less than 5.3bn bbl over the long-term forecast period to 2021. The success of enhanced oil recovery (EOR) is critical both in terms of raising estimates of recoverable oil, and in terms of oil production levels.
* Oman's government is anticipating average oil production of 915,000 barrels per day (b/d) in 2012, rising to 1mn b/d in 2013. Total production of crude oil and condensates in November 2012 rose by less than one percentage point to 28mn bbl, equivalent to 933,509b/d, over October 2012. According to the Ministry of Oil and Gas' monthly report, total quantities of crude oil exported abroad in November 2012 stood 785,781b/d, a decline by 6.27% compared to October 2012.
* Petroleum Development Oman (PDO) is preparing to spend significant amounts to boost exploration and production (E&P) activities in the next five years. According to reports, the company will invest US $26bn, as part of a longer-term plan to spend US$60-70bn in the oil & gas sector over the next 10 years.
* The success of Oman's EOR programme is witnessed in the revival in oil production levels that will approach 1mn b/d in 2013. However, natural gas output may struggle to achieve similar increases; much will rest on the success of negotiations between BP and the Omani authorities over its tight gas development planned at Block 61.

At the time of writing, we assume an OPEC basket oil price for 2012 of US$107.05/bbl, falling to US $99.10/bbl in 2013. Global GDP in 2012 is estimated at 2.6%, up from an assumed 3.1% in 2011 reflecting a faltering recovery in the US and an uncertain eurozone debt situation. For 2013, growth is forecast at 3.2%.

Partial Table of Contents:

BMI Industry View
- BMI Industry View
SWOT
- SWOT
- Industry Forecast
- Industry Forecast
- Oil And Gas Reserves
- Table: Oman Proven Oil And Gas Reserves and Total Petroleum Data, 2011-2016
- Table: Oman Proven Oil And Gas Reserves and Total Petroleum Data, 2017-2022
- Oil Supply And Demand
- Table: Oman Oil Production, Consumption And Net Exports, 2011-2016
- Table: Oman Oil Production, Consumption and Net Exports, 2017-2022
- Gas Supply And Demand
- Table: Oman Gas Production, Consumption And Net Exports, 2011-2016
- Table: Oman Gas Production, Consumption And Net Exports, 2017-2022
- Refining And Oil Products Trade
- Table: Oman Refining - Production And Consumption, 2011-2016
- Table: Oman Refining - Production And Consumption, 2017-2022
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
- Oman Risk/Reward Ratings
- Regional O&G 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
- Oman Energy Market Overview
- Table: Upstream Projects Database
- Oil & Gas Infrastructure
- Table: Refineries In Oman
- Table: Table: LNG Terminals In Oman
Competitive Landscape
- Competitive Landscape
- Table: Key Companies In Oman's Energy Sector
- Table: Key Upstream Players
- Table: Key Downstream Players
Company Profile
- Petroleum Development Oman (PDO)
- Shell Oman Marketing Company
- Oman Oil Company (OOC)
- Occidental Petroleum (Oxy)
- RAK Petroleum
- CNPC
- Other Companies - Summary
- Oman Refineries And Petrochemicals Company - Summary
- OOCEP - Summary
- Total - Summary
- BP - Summary
- MOL - Summary
- PTTEP - Summary
- Petrogas - Summary
- Tethys Oil - Summary
- Circle Oil - Summary
- Petroci/Rex Oil and Gas - Summary
- Others - Summary
Regional Overview
- Regional Energy Market Overview
- Iraq: Abundance of Risk, Abundance Of Potential
- Proven Producers Invest To Lift Output
- Gas Rises, But Consumption Does Too
- Uncertainty In Tehran
Global Industry 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)
- Table: Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Table: Gas Consumption, 2014-2021 (bcm)
- Table: Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
-

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=536522&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.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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