Peru Oil & Gas Report Q1 2012" is now available at Fast Market Research

2012-02-13 17:07:50 - Fast Market Research recommends "Peru Oil & Gas Report Q1 2012" from Business Monitor International, now available

BMI View: Peru's burgeoning oil and gas sector is undergoing a period of transition after the election of President Ollanta Humala in June 2011. Although the industry watched Humala's successful campaign with a certain degree of trepidation because of his reputation as a leftist in the mould of Hugo Chavez, his move to the centre is a positive sign for the future of the country's oil and gas sector. Moreover, we believe his political ties with local indigenous groups may lead to a breakthrough with regard to the Camisea gas controversy, which threatens to hamper the export of gas. There remains a risk that Humala will break to the left and implement policies that could undermine Peru's attractiveness as an

investment destination, but we do not believe this is significant at this point in his young administration. As a result, we have retained our positive medium-term outlook for the sector.

Full Report Details at
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* BMI forecasts that oil production will more than double over the coming five years, from a forecast 156,000 barrels per day (b/d) in 2011 to 350,000b/d in 2016, as investment in exploration and production (E&P) continues to rise. Over the same period strong economic growth is expected to see consumption rise from 194,000b/d to 222,000b/d. With the rate of production growth outpacing consumption, Peru will become a net exporter of oil in 2014.
* The country's gas sector outlook is similarly bright. Gas production is forecast to jump from 7.5bn cubic metres (bcm) in 2011 to 13bcm in 2016. Gas consumption, meanwhile, is expected to grow modestly, rising from 5.95bcm in 2011 to nearly 8.2bcm by 2016. That will mean increasing volumes of gas available for export, and we forecast liquefied natural gas (LNG) exports rising to 4.8bcm by 2016.
* Investment and exploration success will be needed to maintain oil export volumes. We forecast oil production peaking at 350,000b/d in 2016 before slipping back to 335,000b/d by 2021. Consumption, however, is expected to continue rising, hitting 245,000b/d. That will see the country's net export capacity fall from its peak of 127,000b/d in 2016 to around 90,000b/d in 2020. Oil exploration in Peru is at an early stage and further success over the coming years could very well improve the long-term outlook.
* Peru performs well in BMI's Business Environment Rating on the back of much-improved fiscal terms and a positive growth outlook. The country sits in third place in BMI's composite Business Environment Rating (BER), which combines upstream and downstream scores. This reflects the country's third place in our updated upstream Business Environment ratings, behind Brazil and Colombia. Its gas resources, largely privatised oil sector, licensing regime and competitive landscape work in the country's favour. Peru sits in the middle of BMI's downstream BER, reflecting its privatised refining segment and a relatively open but small market. It holds sixth place, behind Colombia, in the regional ratings.

Partial Table of Contents:

SWOT Analysis
- Peru Oil and Gas SWOT
Global Energy Market Outlook
- Table: Global Oil Consumption (000b/d), 2009-2016
- Table: Global Oil Production (000b/d), 2009-2016
Regional Energy Market Outlook
- Oil Supply And Demand
- Table: Latin America Oil Consumption (000b/d), 2009-2016
- Table: Latin America Oil Production (000b/d), 2009-2016
- Table: Latin America Oil Refining Capacity (000b/d), 2009-2016
- Gas Supply And Demand
- Table: Latin America Gas Consumption (bcm), 2009-2016
- Table: Latin America Gas Production (bcm), 2009-2016
- Liquefied Natural Gas
- Table: Latin America LNG Exports (bcm), 2009-2016
Peru Energy Market Overview
- Table: Peru - Upstream Projects Database
Industry Forecast Scenario
- Oil And Gas Reserves
- Oil Supply And Demand
- Gas Supply And Demand
- LNG
- Refining And Oil Products Trade
- Revenues/Import Costs
- Table: Peru Oil and Gas Forecasts and Historical Data, 2009-2016
Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Peru
- Oil Pipelines
- LNG Terminals
- Gas Pipelines
Regional and Country Risk/Reward Ratings
- Latin America Region
- Composite Scores
- Table: Regional Composite Risk/Reward Ratings
- Upstream Scores
- Table: Regional Upstream Risk/Reward Ratings
- Downstream Scores
- Table: Regional Downstream Risk/Reward Ratings
Competitive Landscape
- Executive Summary
- Table: Key Players: Peru Oil And Gas Sector
- Overview/State Role
- Licensing And Regulation
- Government Policy
- Licensing Rounds
- Table: Key Upstream Players
- Table: Key Downstream Players
Company Monitor
- Petroleos Del Peru (Petroperu)
- Repsol YPF Peru
- Sapet Peru/CNPC - Summary
- Maple Gas - Summary
- Pluspetrol - Summary
- Hunt Oil - Summary
- Perenco - Summary
- SK Corporation - Summary
- Petrobras - Summary
- ConocoPhillips - Summary
- Savia Peru - Summary
- Talisman Energy - Summary
- BPZ Energy/Shell - Summary
- Others - Summary
Appendix: Oil And Gas Long-Term Forecasts
- Regional Oil Demand
- Table: Latin America Long-term Oil Consumption (000b/d), 2014-2021
- Regional Oil Supply
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Full Table of Contents is available at:
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