Chile Oil and Gas Report Q1 2013

Publisher Name :
Date: 16-Jan-2013
No. of pages: 80

BMI View: Chile's small resource base makes the country heavily dependent upon imports to satisfy
demand and promote economic growth. Indeed, Chile in 2011 had to import 97% of total oil needs and
66% of its natural gas requirement. These issues will persist in spite of some long-term upside potential
stemming from the country's shale gas prospects. In the meantime, imported liquefied natural gas (LNG)
will play a greater role in energy security.
The key trends and developments in the Chilean oil & gas sector are:
?? In terms of domestic production, we forecast both oil and gas to rise moderately in the coming
years, with oil production increasing at an average of 1.8% through to 2021 and natural gas
increasing at an average rate of 1.05% through to 2015 and then to decline thereafter. At the
same time, Chilean consumption of oil and natural gas will steadily increase, adding additional
pressure on the government and state-owned Empresa Nacional del Petróleo (ENAP) to
increase imports. Indeed, due to the country's small resource base, Chile in 2011 had to import
97% of total oil needs and 66% of its natural gas requirement.
?? Today, two LNG import terminals service different regions of the country. The Quintero
regasification terminal provides natural gas to the majority of the country's population, while the
Mejillones terminal is well positioned to service the lucrative Chilean copper mines in the north.
Due to the energy intensity of the copper industry, there is significant interest in expanding the
capacity at Mejillones up from its current annual capacity of 2.0bn cubic metres (bcm).
?? Chilean power generators Colbun and AES Gener have selected Bermuda-registered Hoegh
LNG to install a new floating storage and regasification unit (FSRU) in Chile. The term of the
contract is 10 years, with an optional extension of five years. The FSRU, which will be situated
in Quintero Bay, will supply AES Gener's power plants in the country with natural gas. The
scheduled start-up of the project is late-2014. The transaction is subject to completion of final
documentation and board approval from both parties.
?? In terms of consumption, we forecast that oil use will rise from an estimated 332,400 barrels per
day (b/d) in 2012 to 345,700b/d by 2016. It will continue to increase steadily at an average rate
of 1.8% through to 2021. If Chile is to boost oil production, its best hope lies in exploration
taking place in the Magallanes region in the south of the country. We are also forecasting gas
consumption rising from an estimated 6.1bcm in 2012 to 9.8bcm by 2021.
The advent of technology capable of extracting oil and gas from shale formations has given Chile reason
for optimism over the long term. Although still very preliminary, the EIA estimates that Chile's oil and
gas producing Magallanes region may also contain 1,812.5bcm of technically recoverable shale gas
resources. Should even half of these estimated resources become economically recoverable, the amount of
gas produced would be sufficient to meet a 7.9bcm/year consumption rate for approximately 115 years.
Although we have not taken shale gas production into account in our forecasts, it remains a significant
upside risk in the long term. Indeed, the Chilean copper mining industry has already expressed interest in
utilising shale gas to power production.

Chile Oil and Gas Report Q1 2013

BMI Industry View 5
SWOT Analysis ..... 7
Chile Oil and Gas SWOT . 7
Industry Forecast Scenario ............. 8
Oil And Gas Reserves ...... 8
Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 .......... 8
Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 .......... 9
Oil Supply And Demand. 12
Table: Chile Oil Production, Consumption and Net Exports, 2010-2016 .......... 12
Table: Chile Oil Production, Consumption and Net Exports, 2015-2021 .......... 13
Gas Supply And Demand ............. 14
Table: Chile Gas Production, Consumption and Net Exports, 2010-2016 ......... 14
Table: Chile Gas Production, Consumption and Net Exports, 2015-2021 ......... 16
Liquefied Natural Gas......... 18
Refining And Oil Products Trade ...... 19
Revenues/Import Costs........ 19
Key Risks To BMI's Forecast Scenario ........... 20
Country Risk/Reward Ratings ....... 21
Chile Upstream Rating - Rewards ............. 21
Chile Upstream Rating - Risks .... 21
Chile Downstream Rating - Overview ....... 21
Regional Risk/Reward Rating ....... 22
Table: Latin American Oil & Gas Risk/Reward Ratings ........ 23
Table: Upstream Risk/Reward Ratings ...... 25
Table: Downstream Risk/Reward Ratings . 27
Chile Energy Market Overview ...... 28
Overview/State Role ............ 29
Licensing And Regulation ............ 29
Government Policy ........ 29
Licensing Rounds ........... 29
Second International Magallanes Tender .. 29
First International Magallanes Tender ...... 30
International Energy Relations ......... 30
Argentina ......... 30
Trinidad & Tobago ........ 30
Oil & Gas Infrastructure ... 31
Oil Refineries ........ 31
Table: Refineries In Chile ............ 31
Service Stations ..... 32
Gas Pipelines ........ 32
LNG Terminals ..... 32
Table: LNG Terminals In Chile ... 33
Competitive Landscape ... 34
Executive Summary ............. 34
Table: Chile - Key Players .......... 35
Table: Chile - Key Upstream Players ........ 35
Table: Key Downstream Players . 36
Company Profiles ............. 37
ENAP - Empresa Nacional del Petróleo......... 37
Copec (Compañía de Petróleos de Chile) ....... 40
Shell Chile............. 42
Petrobras Chile ..... 44
Repsol ..... 46
GeoPark Holdings 48
Wintershall - Summary .. 50
ExxonMobil Cono Sur - Summary ............. 51
Pan American Energy - Summary ............. 51
GDF Suez - Summary .... 51
Methanex - Summary ..... 51
Enagas/BG Group ......... 52
Regional Energy Market Outlook .. 53
Global Energy Market Outlook ...... 58
Table: Global Oil Demand Forecasts - A Comparison ......... 60
Latin America - Regional Appendix ........... 64
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) . 64
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) ............ 64
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) .... 65
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) . 65
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) ............. 66
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) .......... 67
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) ..... 67
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) .. 68
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) ........ 68
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)...... 69
Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm)............. 69
Table: LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) .......... 70
Methodology And Risks To Forecasts ....... 71
Glossary Of Terms ........... 72
Table: Glossary Of Terms ............ 72
Oil & Gas Risk/Reward Ratings Methodology ......... 74
Ratings Overview .. 74
Table: BMI's Oil & Gas Business Environment Ratings - Structure ... 75
Indicators 75
Table: BMI's Oil & Gas Upstream Ratings - Methodology .. 75
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology .... 76
BMI Methodology ............. 78
How We Generate Our Industry Forecasts ..... 78
Energy Industry .... 78
Cross checks ......... 79
Sources ... 79Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016
Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021
Table: Chile Oil Production, Consumption and Net Exports, 2010-2016
Table: Chile Oil Production, Consumption and Net Exports, 2015-2021
Table: Chile Gas Production, Consumption and Net Exports, 2010-2016
Table: Chile Gas Production, Consumption and Net Exports, 2015-2021
Table: Latin American Oil & Gas Risk/Reward Ratings
Table: Upstream Risk/Reward Ratings
Table: Downstream Risk/Reward Ratings
Table: Refineries In Chile
Table: LNG Terminals In Chile
Table: Chile - Key Players
Table: Chile - Key Upstream Players
Table: Key Downstream Players
Table: Global Oil Demand Forecasts - A Comparison
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm)
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm)
Table: LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Table: Glossary Of Terms
Table: BMI's Oil & Gas Business Environment Ratings - Structure
Table: BMI's Oil & Gas Upstream Ratings - Methodology
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology

  • Global Public Safety LTE Ecosystem Overview
    In view of its flourishing ecosystem, spectrum flexibility and performance metrics, LTE has emerged as the leading candidate for public safety mobile broadband networks. Public safety organizations and establishments have already begun planning to advance their networks to LTE-based public safety solutions. LTE provisions a varied range of services, from high bandwidth data services to [...]
  • RnR Market Research: Biochips Market Insights
    Growing R&D investment and subcontracting of pharmaceutical companies would lead to growth in biochips market in Asia along with an increase in the application of biochips products is estimated to improve opportunity for the global biochip market. Conversely, the high cost involved in manufacturing of biochips can be seen as a challenge for the same. [...]
  • Current State of Blood Banking Market, Products, Technologies and Services
    The global blood banking and blood products market is expected to reach US$41.9 billion by 2020 with USA continuing to be the largest market worldwide. Asia-Pacific follows a close second with a projected CAGR of 9.1% during this period owing to the refining healthcare infrastructure and increase in the per capita healthcare expenditure. The major [...]
  • Surgical Robots Market 2016 Updates on Companies, Products and More
    Surgical robots are medical devices that assist surgeons in performing many types of complex procedures with more accuracy, flexibility and control than is possible with conventional techniques. The aim of surgical robots market players is to provide improved diagnostic skills, a less invasive and more comfortable experience for the patient, and the ability to do [...]
  • International Wound Cleanser Industry 2019 Forecasts with Feasibility Study of Future Projects
    ‘Market Research Report on Global and Chinese Wound Cleanser Industry, 2009-2019’ is a comprehensive market research report that offers top-notch industry insights and analyzes the growth prospects of the industry, along with evaluating the up-surging opportunities in the Global and Chinese market over the forecast period of 2014-2019. The methodically planned sections of the research [...]
  • Algeria Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 80
    BMI View: The outlook on Algerian oil production is heavily bearish, due to rapid decline rates at mature producing fields and the small pipeline of projects under development. The outlook on gas is slightly more positive, although strong domestic consumption growth will continue to weigh on exports. Reversing longer-term production declines depends on pulling increased foreign investment into the sector, including recent announcements of plans to allow companies to direc......
  • Australia Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 88
    BMI View: Australia is on course to overtake Qatar to become the largest exporter of LNG by 2019, as the addition of new production trains at existing facilities and the commencement of several new ones over the next few years lead a strong upsurge in export volumes. In contrast, it will become increasingly dependent on refined fuels imports as insufficient refining capacity will not be matched by rising demand. The main trends and developments we highlight for Australia'......
  • Denmark Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 79
    BMI View: Development delays at the Hejre field and the accompanying forecast change will see Denmark become a crude net importer throughout the forecast period. While its status as a gas net exporter is maintained at the moment, we highlight strong downside risk to gas production and exports after Maersk Oil expressed a potential interest in closing the Tyra East and Tyra West fields by 2018. Latest Updates And Key Forecasts ? The seventh licensing round was launch......
  • Ghana Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 83
    BMI View: With the start up of new production at TEN and Sankofa fields, as well as increasing output from the country's flagship Jubilee field, we expect Ghana to double its crude and gas production over the next five years. We note an upside risk to our projections arising from the ongoing exploration activities over the medium term, but the country's output levels have been suffering from recurring technical issues at the production facilities. Our outlook for Ghana's ......
  • Poland Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 101
    BMI View: We have recently downgraded Poland's long-term gas production outlook, removing any contribution in growth from shale gas. The slow pace of exploration is unlikely to pick up in the coming years, tempering the development of below-ground understanding and optimised drilling and hydraulic fracturing processes required for Poland's challenging geology. Conventional gas exploration and developments will slowly boost gas production over our forecast period. Th......
  • Singapore Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 62
    BMI View: Singapore will remain a key refining and petrochemicals hub in the Asia-Pacific region, supported by a well-developed downstream sector and world-class port infrastructure. The country will remain a large net importer of residual fuel oil (used to refuel ships stopping at its port) as domestic refineries are largely optimised to produce higher-value light-to-middle distillates. Singapore is also looking to improve its LNG sector, with ongoing expansion works set......
  • Slovenia Oil and Gas Report Q3 2016
    Published: 29-Jun-2016        Price: US 1295 Onwards        Pages: 57
    BMI View: Slovenia's upstream sector remains close to inexistent, with little to no oil or gas production within our forecast period. While there is upside risk in the gas segment attributed to the Ascentoperated Petišovci tight gas project, the initiative faces continued regulatory and funding headwinds. Overall volumes are likely to be relatively modest in the case of project realisation, with imported Russian gas set to dominate supply for the foreseeable future.......
  • Bulgaria Oil and Gas Report Q3 2016
    Published: 22-Jun-2016        Price: US 1295 Onwards        Pages: 69
    BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 will be tougher with margins expected to drop. The restart of exploration in the Black Sea is positive for Bulgaria's oil and gas sector, which has suffered from heavy production declines in 2015. The main trends and developments in Bulgaria's oil and gas sector are: ? Total has started drilling in the Black Sea Khan-Asparuh block as of May 2016. Results are expected wit......
  • Greece Oil and Gas Report Q3 2016
    Published: 22-Jun-2016        Price: US 1295 Onwards        Pages: 80
    BMI View: The start of construction work on the Trans Adriatic Pipeline (TAP) marks a milestone for the Greek midstream sector and our outlook for its natural gas sector. We reiterate our view that natural gas, especially midstream, will be the largest growth opportunity in the Greek energy space with TAP beginning construction in June and DEPA focusing on growing the domestic gas market infrastructure. However, tax hikes on gas consumption for large industrial users will......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs