Ghana Oil and Gas Report Q1 2013

Publisher Name :
Date: 16-Jan-2013
No. of pages: 77

BMI View: Despite output problems, the outlook for Ghana's nascent status as an oil producer is bright,
with further development at the Jubilee field and anticipated first oil from the T.E.N. project underlying
our forecast for output to grow at an average rate of 60% over the course of our forecast period to 2021.
The development of infrastructure to commercialise associated gas for domestic power generation will
see both production and consumption of gas grown in Ghana. Continued upstream success with both gas
and oil discoveries presents upside risk to our forecasts, however we highlight project delays and
technical challenges as developments that could cause as to alter our forecast to the downside.
The main trends and developments we highlight for Ghana's oil and gas sector are:
After troubled start-up, output from the Tullow Oil-operated Jubilee field should reach
previously targeted 120,000b/d figure by 2013, although for 2012 we expect production to
average 77,000b/d.
Ghana's reserves are likely to continue to grow at a rapid rate as the appraisal of the Greater
Tweneboa, Southeastern Jubilee and West Cape Three Points prospects continues, The Oil &
Gas Journal (OGJ) annual reserves and production survey attributes 660mn barrels (bbl) of
proven oil reserves to the country. BMI estimates that resource base will grow to 730mn bbl by
2016
Although we forecast rapid gains in oil consumption as economic growth drives demand, we
expect demand in 2012 to be particularly bullish on the back of vandalism to the West Africa
Gas Pipeline (WAGP) which has been offline since August 28 2012. The supply disruption has
required Ghana to import some 50,000b/d as feedstock for power generation, causing us to raise
our forecast for oil consumption. WAGP operators have expressed confidence that pipeline will
resume operations before 2013.
Limited refinery capacity will required continued increased in refined production in the near
term; however, we continue to expect capacity to rise to as much as 245,000b/d over the long
term an new facilities come online toward 2018.
We expect net oil exports to grow from approximately at an average rate of nearly 3% from 2012
to reach 113,000b/d by 2021, generating significant revenues for the local economy.
Upstream exploration, with strong successful results reported by both Tullow and Eni in drilling
campaigns, suggest upside potential for gas reserves and production, which we forecast will rise
from 1.0bcm in 2013 to 3.8bcm by 2021,
Ghana's ability to process gas will grow with a US$3bn loan from the China Development Bank
supporting new midstream gas infrastructure capacity and facilitating a gradual increase in gas
production over the coming years as domestic demand from power generation gathers pace.
Although domestically produced gas is currently reserved for the local market, interest on the
part of international oil companies (IOCs) remains in the development of a potential LNG export
project.
We forecast an OPEC basket oil price for 2012 of US$107.05/bbl, which we see falling to US$99.10/bbl
in 2013. Global GDP in 2012 is forecast at 2.6%, down from an estimated 3.0% in 2011, reflecting
slowing growth in China, a faltering recovery in the US and a worsening eurozone debt crisis.

Ghana Oil and Gas Report Q1 2013

BMI Industry View 5
SWOT Analysis ..... 7
Ghana Oil and Gas SWOT ............. 7
Industry Forecast Scenario ............. 8
Oil And Gas Reserves ........... 8
Table: Ghana Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 ........ 8
Table: Ghana Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 ........ 9
Oil Supply And Demand ...... 12
Table: Ghana Oil Production, Consumption and Net Exports, 2010-2016 ........ 12
Table: Ghana Oil Production, Consumption and Net Exports, 2015-2021 ........ 13
Gas Supply And Demand .... 15
Table: Ghana Gas Production, Consumption and Net Exports, 2010-2016 ....... 15
Table: Ghana Gas Production, Consumption and Net Exports, 2015-2021 ....... 16
LNG ........ 19
Refining And Oil Products Trade ...... 20
Table: Ghana Refining - Production and Consumption, 2010-2016 .... 20
Table: Ghana Refining - Production and Consumption, 2015-2021 .... 20
Revenues/Import Costs........ 21
Country Risk/Reward Ratings ....... 22
Ghana Upstream Rating - Overview ......... 22
Ghana Downstream Rating - Overview ..... 22
Regional Risk/Reward Ratings ..... 23
Table: Africa's Oil & Gas Risk/Reward Ratings ...... 24
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings .... 25
Table: Proposed And Planned Refineries In Africa . 29
Table: Africa's Downstream Risk/Reward Scores .... 30
Ghana Energy Market Overview ... 31
Overview/State Role ............ 31
Licensing and Regulation ............ 32
Licensing Rounds ........... 33
Table: Ghana - Upstream Projects Database ........ 33
Table: Key Upstream Players ...... 33
Table: Key Downstream Player ... 34
Oil And Gas Infrastructure ............ 35
Oil Refineries ........ 35
Table: Downstream Projects ....... 35
Service Stations ..... 35
Oil Terminals/Ports ............ 36
Gas Pipelines ........ 36
Competitive Landscape ... 38
Executive Summary ............. 38
Table: Key Players - Ghana Energy Sector ............. 39
Table: Key Upstream Players ...... 40
Table: Key Downstream Player ... 40
Company Monitor ............. 41
Tullow Oil ........ 41
Kosmos Energy 45
Lukoil - Summary .......... 46
Eni - Summary . 47
Hess - Summary ............ 48
Statoil - Summary .......... 48
Anadarko - Summary ..... 49
Tap Oil - Summary ........ 49
PetroSA - Summary ....... 49
Regional Energy Market Outlook .. 50
Global Energy Market Outlook ...... 55
Table: Global Oil Demand Forecasts - A Comparison ......... 57
Africa - Regional Appendix .......... 61
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) . 61
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) ............ 61
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) .... 62
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) . 63
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) ............. 63
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) .......... 64
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) ..... 64
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) .. 65
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) ........ 66
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)...... 66
LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) ... 67
LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 67
Methodology And Risks To Forecasts ....... 68
Glossary Of Terms ........... 69
Table: Glossary Of Terms ............ 69
Oil And Gas Risk/Reward Ratings Methodology .... 71
Ratings Overview .. 71
Table: BMI's Oil & Gas Business Environment Ratings - Structure ... 72
Indicators 72
Table: BMI's Oil & Gas Upstream Ratings - Methodology .. 72
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology .... 73
BMI Methodology ............. 75
How We Generate Our Industry Forecasts ..... 75
Energy Industry .... 75
Cross checks ......... 76
Sources ... 76Table: Ghana Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016
Table: Ghana Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021
Table: Ghana Oil Production, Consumption and Net Exports, 2010-2016
Table: Ghana Oil Production, Consumption and Net Exports, 2015-2021
Table: Ghana Gas Production, Consumption and Net Exports, 2010-2016
Table: Ghana Gas Production, Consumption and Net Exports, 2015-2021
Table: Ghana Refining - Production and Consumption, 2010-2016
Table: Ghana Refining - Production and Consumption, 2015-2021
Table: Africa's Oil & Gas Risk/Reward Ratings
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings
Table: Proposed And Planned Refineries In Africa
Table: Africa's Downstream Risk/Reward Scores
Table: Ghana - Upstream Projects Database
Table: Key Upstream Players
Table: Key Downstream Player
Table: Downstream Projects
Table: Key Players - Ghana Energy Sector
Table: Key Upstream Players
Table: Key Downstream Player
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)
LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm)
LNG Net 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

  • China Commercial Vehicle Industry
    Commercial vehicle are usually large trucks, buses or vans used to transport people,  goods and material. China is one of the nations that contributes to over 50% of commercial vehicle production. The industry has grown in leaps and bounds over the couple of years. Even though the growth rates aren’t as impressive as two years [...]
  • The Prospective Market of Drug Eluting Stents
    Drug Eluting Stents are the recent development that’s are now being used frequently for curing narrowed coronary arteries. These stents help to keep the artery open and supply drugs at regular intervals preventing any further obstruction. The stents are usually small scaffolds of wire and are placed in the artery. This has been a welcome [...]
  • Anaesthesia Machine Industry is Flourishing due to an Extensive Customer Base with Therapeutic Needs
    The Anaesthesia Machine Industry comprises of the manufacturers and users of Anaesthesia Machines which are basically workstations or units that assist a person to administer Anaesthesia on the other. It includes plug & play Anaesthesia delivery units (ADUs). The industry also comprises of the various accessories like monitors and information systems and support services involved [...]
  • The Need for an Electric Cars Boosts The Lithium Sulfate Market
    Lithium is a highly demanded material. The popularity of this metal is primarily due to the characteristics of this metal and its compounds. Some of the characteristics of this material are that it has the highest electrochemical potential of all metals, a very high co-efficient of thermal expansion, acting as a viscosity modifier in melts, [...]
  • Tire Roller Industry
    Tire roller is one of the most popular equipment used in the construction industry. A tire roller offers multiple services from building highways, industrial sites, binder courses, wear courses and many more. Tire rollers come with different features like easy adjustment of tyres, flexible ballast, oscillating tires, etc. that facilitates in doing a particular work. [...]
    • The Oil Drilling Rig Industry
    • The Oil Drilling Rig Industry is characterized with a few typical work specific to this industry only. The work begins with the search for new oil basins or construction of wells. During this time the services of drilling contractors and se…

    • HER2-Negative Breast Cancer’s Therapeutic Market
    • HER2-Negative Breast Cancer is the most common form of cancer occurring in women. The long term survival of patients diagnosed with HER2-Negative Breast Cancer depends solely on its early detection as till now there is no medicine that can …

    • The Market of Plate Heat Exchanger
    • Plate heat exchanger is not only very useful but its also easy to maintain, its compact design makes it more efficient, the product is highly cost-efficient and also the materials of this product are easily available. There are some limitat…

    • The Industry of Binding Machines
    • Binding of books and papers is one of the most important aspect of buying and selling books and thus the demand of binding machines. There are different kinds of binding machines available in the market. The binding type determines the bind…

    • The Boom In Women Infertility Market
    • Infertility is an abnormality in the regular functioning of the human reproductive system. Anyone of male or female might be suffering from this issue. Infertility in woman is caused by either a genetical factor or factors such as aging or …

  • Oil and Gas Supply Demand Outlook in the Americas to 2020 - Increasing Oil and Gas Production Changing the Industry Dynamics
    Published: 07-Jul-2010        Price: US 1000 Onwards        Pages: 174
    Report Summary GBI Research’s oil market report, “Oil and Gas Supply Demand Outlook in the Americas to 2020 – Increasing Oil and Gas Production Changing the Industry Dynamics”, provides an in-depth analysis of the oil and gas supply and demand outlook in the Americas and highlights the various concerns, shifting trends and concerns. This energy report provides forecasts for the crude oil production and consumption sectors of the oil and natural gas industry to 2020. The repor......
  • Oil and Gas Supply Demand Outlook in Asia Pacific to 2020 - Growing Appetite for Oil and Gas Changing the Global Consumption Outlook
    Published: 25-Jul-2010        Price: US 1000 Onwards        Pages: 195
    Report Summary GBI Research’s energy report, “Oil and Gas Supply Demand Outlook in Asia Pacific to 2020 - Growing Appetite for Oil and Gas Changing the Global Consumption Outlook”, provides an in-depth analysis of the oil and gas supply and demand outlook in the Asia Pacific region and highlights the various concerns, shifting trends and concerns in the Asia Pacific oil and gas market. The report provides forecasts for the crude oil production and consumption sectors of the o......
  • Oil and Gas Supply Demand Outlook in Europe and Former Soviet Union to 2020 - Supply Diversification Affecting the Future Scenario
    Published: 01-Oct-2010        Price: US 1000 Onwards        Pages: 316
    Report Summary GBI Research has released an oil market report - “Oil and Gas Supply Demand Outlook in Europe and Former Soviet Union to 2020 - Supply Diversification Affecting the Future Scenario” The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the oil and gas supply and demand scenario in Europe and FSU Countries and highlights the various concerns and shifting trends in the region. The report provides country wise a......
  • Oil and Gas Supply Demand Outlook in Middle East and Africa to 2020 - Increasing Natural Gas Production Boosting the Global Production Share
    Published: 12-Nov-2010        Price: US 1000 Onwards        Pages: 340
    Report Summary GBI Research has released an oil market report “Oil and Gas Supply Demand Outlook in Middle East and Africa to 2020 - Increasing Natural Gas Production Boosting the Global Production Share” The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the oil and gas supply and demand scenario in Middle East and African Countries and highlights the various concerns and shifting trends in the region. The report provid......
  • Global Oil and Gas Supply Demand Outlook to 2020 - Demand in Emerging Economies Driving Supply
    Published: 01-Dec-2010        Price: US 1000 Onwards        Pages: 287
    Report Summary GBI Research’s new report, “Global Oil and Gas Supply Demand Outlook to 2020 - Demand in Emerging Economies Driving Supply”, provides an in-depth analysis of the global oil and gas supply and demand outlook and highlights the various concerns, shifting trends and concerns in around the globe. The report provides forecasts for the production and consumption sectors of the crude oil and natural gas industry to 2020. The report also provides forecasts of the crude......
  • Floating, Production, Storage and Offloading (FPSO) Industry to 2015 - Rise of Ultra Deep Water Offshore Oil and Gas Production Leading to Industry Growth
    Published: 25-Mar-2011        Price: US 1000 Onwards        Pages: 108
    Report Summary GBI Research, a leading business intelligence provider, has released its latest research, "Floating, Production, Storage and Offloading (FPSO) Industry to 2015 - Rise of Ultra Deep Water Offshore Oil and Gas Production Leading to Industry Growth". The study, which is an offering from the company's Energy Research Group, provides an in-depth analysis of the FPSO and Floating, Storage, and Offloading (FSO) market worldwide and highlights the various concerns, alo......
  • Oil and Gas Enhanced Production Services Industry to 2015 - Enhanced Oil Recovery Proving to be a Key Solution for Tapping Uncoventional Reservoirs and Depleting Oil Fields
    Published: 09-May-2011        Price: US 1000 Onwards        Pages: 78
    Report Summary GBI Research has released its latest research, “Oil and Gas Enhanced Production Services Industry to 2015 - Enhanced Oil Recovery Proving to be a Key Solution for Tapping Unconventional Reservoirs and Depleting Oil Fields”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the oil and gas enhanced production services market worldwide and highlights the various concerns, key trends, along with major upstre......
  • Bakken Shale, 2011 - Oil Shale Market Analysis and Forecasts to 2020
    Published: 05-Jan-2012        Price: US 1500 Onwards        Pages: 63
    Report Summary Bakken Shale, 2011 - Oil Shale Market Analysis and Forecasts to 2020 provides insight into the exploration and development activities in the Bakken shale play. The report highlights the gas exploration potential of the Bakken shale play, providing details of the key exploration areas, and the major exploration companies in Canada and the US. The report also emphasizes the essential parameters for Bakken gas exploration and production, providing an overview of t......
  • Global Crude Oil Tanker Industry Outlook, 2012 - Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014
    Published: 15-Feb-2012        Price: US 2500 Onwards        Pages: 265
    GlobalData's energy offering, "Global Crude Oil Tanker Industry Outlook, 2012 - Capacity and Specifications of All Active and Planned Crude Oil Tankers to 2014" is the essential source for industry data and information related to global Crude Oil tanker industry. It provides information on tanker specifications including flag, start year, operator, equity partners, IMO number, yard, length, DWT, GRT and capacity. The report includes information on operational and planned Crude Oil tankers. The p......
  • 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 - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs