Albania Oil and Gas Report Q4 2016

Publisher Name :
Date: 28-Sep-2016
No. of pages: 60

BMI View: Weak oil prices have essentially stalled exploration and development work in Albania's

upstream, and will negatively impact production in 2016. Two key companies are exiting their position in

the country, though Shell is involved in a new drilling campaign.

Latest Updates And Key Forecasts

? Oil production in H116 has fallen heavily, averaging around 19,000b/d after drilling was halted across the

country.

? In June, Shell spud the Shpirag-3 well, which it is expecting to take around one year to complete due to

geological complexity.

? Chinese company Geo-Jade Petroleum Corp. completed its purchase of Albania's largest oil producer,

Bankers Petroleum, for CAD575mn.

? TransAtlantic Petroleum also sold its oil assets to GBC Oil, but will retain its interest in the Devlina

gas prospect for which it is eyeing a joint venture partner.

Albania Oil and Gas Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Forecasts (Albania 2014-2020) 7
SWOT 8
Oil & Gas SWOT 8
Industry Forecast 9
Upstream Exploration 9
Latest Updates 9
Structural Trends 9
Table: Albania Exploration Blocks & Status 9
Upstream Production - Oil 12
Latest Updates 12
Structural Trends 12
Table: Oil Production (Albania 2014-2019) 14
Table: Oil Production (Albania 2020-2025) 14
Upstream Production - Gas 15
Latest Updates 15
Structural Trends 15
Refining 16
Latest Updates 16
Structural Trends 16
Table: Refining Capacity And Refined Products Production (Albania 2014-2019) 18
Table: Refining Capacity And Refined Products Production (Albania 2020-2025) 18
Refined Fuels Consumption 19
Latest Updates 19
Structural Trends 19
Table: Refined Products Consumption (Albania 2014-2019) 20
Table: Refined Products Consumption (Albania 2020-2025) 20
Gas Consumption 21
Latest Updates 21
Structural Trends 21
Table: Gas Consumption (Albania 2014-2019) 21
Table: Gas Consumption (Albania 2020-2025) 22
Trade - Oil 23
Latest Updates 23
Crude Oil 23
Structural Trends 23
Table: Crude Oil Net Exports (Albania 2014-2020) 24
Table: Crude Oil Net Exports (Albania 2020-2025) 25
Refined Fuels 25
Structural Trends 25
Table: Refined Fuels Net Exports (Albania 2014-2019) 25
Table: Refined Fuels Net Exports (Albania 2020-2025) 26
Trade - Gas (Pipeline And LNG) 27
Latest Updates 27
Structural Trends 27
Table: Gas Net Exports (Albania 2014-2019) 28
Table: Gas Net Exports (Albania 2020-2025) 28
Industry Risk Reward Index 29
Central And Eastern Europe Oil & Gas Risk/Reward Index 29
Table: CEE: High Risk, Low Reward 29
Table: CEE Upstream, Downstream And Overall Risk/Reward Indices 30
Table: CEE Upstream Risk/Reward Index 33
Downstream: Turkish STAR Only Bright Spot In Weak Market 33
Table: CEE Downstream Risk/Reward Index 36
Albania - Risk/Reward Index 37
Market Overview 38
Albania Energy Market Overview 38
Political Regime 38
Table: BMI Albania Political Overview Table 38
Fiscal Regime 39
Table: State Take Of Oil And Gas Revenues - Adriatic & East Mediterranean 39
Table: Fiscal Structure 40
Oil & Gas Licensing 40
Table: Exploration & Production Rights 40
Oil And Gas Infrastructure 41
Table: Albania Refineries 41
Table: Ballsh & Fier Refinery Setup 41
Oil Infrastructure 42
Table: Existing Oil Pipelines 42
Gas Infrastructure 42
Table: Existing Gas Pipelines 43
Company Profile 44
Bankers Petroleum 44
Table: Major Upstream Assets In Albania 45
Table: Key Financial Data (USDmn) 45
Regional Overview 46
Central And Eastern Europe Oil & Gas Regional Overview 46
Oil Production: Oil Powerhouses Falter On Weak Prices 46
Oil Consumption: Long Term Growth To Be Gentle 47
Refining Capacity: Modernisation Key To Competing 48
Natural Gas Production: Gas Ramp-Up Demand-Dependent 49
Table: Central Asia-China Gas Pipeline Expansions 50
Gas Consumption: Demand Falters On Struggling Economies 51
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade 52
Glossary 53
Table: Glossary Of Terms 53
Methodology 55
Industry Forecast Methodology 55
Source 57
Risk/Reward Index Methodology 57
Table: Bmi's Oil & Gas Upstream Risk/Reward Index 59
Table: Weighting 60

List of Tables

Table: Headline Forecasts (Albania 2014-2020)
Table: Albania Exploration Blocks & Status
Table: Oil Production (Albania 2014-2019)
Table: Oil Production (Albania 2020-2025)
Table: Refining Capacity And Refined Products Production (Albania 2014-2019)
Table: Refining Capacity And Refined Products Production (Albania 2020-2025)
Table: Refined Products Consumption (Albania 2014-2019)
Table: Refined Products Consumption (Albania 2020-2025)
Table: Gas Consumption (Albania 2014-2019)
Table: Gas Consumption (Albania 2020-2025)
Table: Crude Oil Net Exports (Albania 2014-2020)
Table: Crude Oil Net Exports (Albania 2020-2025)
Table: Refined Fuels Net Exports (Albania 2014-2019)
Table: Refined Fuels Net Exports (Albania 2020-2025)
Table: Gas Net Exports (Albania 2014-2019)
Table: Gas Net Exports (Albania 2020-2025)
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Indices
Table: CEE Upstream Risk/Reward Index
Table: CEE Downstream Risk/Reward Index
Table: BMI Albania Political Overview Table
Table: State Take Of Oil And Gas Revenues - Adriatic & East Mediterranean
Table: Fiscal Structure
Table: Exploration & Production Rights
Table: Albania Refineries
Table: Ballsh & Fier Refinery Setup
Table: Existing Oil Pipelines
Table: Existing Gas Pipelines
Table: Major Upstream Assets In Albania
Table: Key Financial Data (USDmn)
Table: Central Asia-China Gas Pipeline Expansions
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade
Table: Glossary Of Terms
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting
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