Libya Oil and Gas Report Q1 2013

Publisher Name :
Date: 16-Jan-2013
No. of pages: 94

BMI View: Oil and gas production is expected to have bounced back strongly in 2012, despite the
obvious political risks associated with Libya's transition to a new democratic government. Over the
longer term, both oil and gas volumes are likely to increase beyond pre-war levels as new investment
flows into under-explored areas - especially the offshore Sirte Basin. However, we note an eruption of
regional tensions under a still fragile government could destabilise upstream growth.
The key trends and developments in Libya's oil & gas sector are:
?? We estimate total liquids production of 1.62mn barrels per day (b/d) in 2012, rising to 1.77mn
b/d in 2016 and 1.85mn b/d by 2021. Gas output is forecast to increase from an estimate of
12.0bcm in 2012 to 18.0bcm by 2016 and 20.3bcm by 2021.
?? These forecasts are subject to upside risks depending on the level of upstream investment. The
new democratic government has pledged to invest US$10bn raising oil and gas production
capacity from existing fields and US$20bn on new exploration over the next 10 years, according
to oil and gas minister, Abdurahman Benyezza. If that materialises, output could well increase
beyond our long-term projections.
?? International investment is also a big unknown. Foreign suitors are likely to be attracted by
Libya's vast oil and gas reserves, which stood at an estimated at 46.4bn barrels (bbl) and 1.56trn
cubic metres (tcm) respectively in 2011. However, clear political risks, the introduction of new
production sharing contracts (PSC), and a revised hydrocarbons law are all likely to affect the
country's business environment.
?? Before the civil war, there was some 378,000b/d of refining capacity in Libya (according to
BMI's Downstream Projects Database). Throughput has been well below this level in H112
because the country's 220,000b/d Ras Lanuf facility remained shut-in until late August 2012.
Our forecasts point to a gradual restoration of refinery utilisation, with 2013 set for a return to
pre-war levels.
?? Oil and gas consumption is set to return to pre-war levels gradually because damage to
infrastructure is likely to lead to lower domestic demand from power generation. However, over
the longer term, reconstruction efforts are likely to drive economic growth and oil demand
higher.
At the time of writing we assume an OPEC basket oil price for 2013 of US99.10/barrel (bbl), falling to
US$96.20/bbl in 2014. Global GDP in 2013 is forecast at 3.0%, up from an assumed 2.6% in 2012
reflecting some recovery in the US, though uncertainty with regard to the eurozone debt situation and an
apparent Chinese slowdown will continue to hamper growth. For 2014, growth is estimated at 3.2%.

Libya Oil and Gas Report Q1 2013

BMI Industry View 7
SWOT Analysis ..... 8
Libya Oil and Gas SWOT 8
Industry Forecast Scenario ............. 9
Oil And Gas Reserves ........... 9
Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 .......... 9
Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 ........ 10
Oil Supply And Demand ...... 13
Table: Libya Oil Production, Consumption and Net Exports, 2010-2016 .......... 13
Table: Libya Oil Production, Consumption and Net Exports, 2015-2021 .......... 14
Gas Supply And Demand .... 16
Table: Libya Gas Production, Consumption and Net Exports, 2010-2016 ........ 16
Table: Libya Gas Production, Consumption and Net Exports, 2015-2021 ........ 18
LNG ........ 20
Refining And Oil Products Trade ...... 20
Table: Libya Refining - Production and Consumption, 2010-2016 ...... 21
Table: Libya Refining - Production and Consumption, 2015-2021 ...... 22
Revenues/Import Costs........ 22
Regional and Country 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
Libya Upstream Rewards ............. 30
Libya Upstream Risks .... 30
Libya Downstream Scores ........... 31
Libya Energy Market Overview ..... 32
Overview/State Role ............ 33
Licensing and Regulation ............ 34
Tax Law ........... 34
Government Policy ........ 35
Licensing Rounds ........... 35
Fourth Licensing Round (First Gas Licensing Round) .......... 35
Third Licensing Round ... 35
Second Licensing Round 36
First Licensing Round .... 36
International Energy Relations .... 36
Oil And Gas Infrastructure ............ 38
Oil Refineries ........ 38
Table: Refineries In Libya ........... 38
Oil Terminals/Ports ............ 39
Oil Pipelines ......... 39
LNG Terminals ..... 40
Table: LNG Terminals In Libya ... 40
Gas Pipelines ........ 40
Competitive Landscape ... 41
Executive Summary ............. 41
Table: Key Players - Libyan Oil And Gas Sector .... 43
Table: Key Upstream Players ...... 43
Table: Key Downstream Player ... 43
Company Profiles ............. 44
National Oil Corporation (NOC) ...... 44
Eni North Africa ... 48
Total Libya ............ 50
OMV of Libya ....... 52
Repsol Libya ......... 54
Marathon Oil ........ 56
ConocoPhillips ..... 58
BP - Summary . 60
ExxonMobil - Summary . 60
Tatneft - Summary ......... 60
Occidental Petroleum - Summary 61
Hess - Summary ............ 61
Statoil - Summary .......... 62
Royal Dutch Shell - Summary ..... 62
Suncor - Summary ......... 62
PGNiG - Summary ........ 63
Gazprom - Summary ..... 63
RWE - Summary ............ 63
LIA/Verenex Energy - Summary .. 64
Indian Oil/Oil India - Summary .. 64
Others - Summary ......... 64
Regional Market Overview ............ 66
Global Energy Market Outlook ...... 71
Table: Global Oil Demand Forecasts - A Comparison ......... 73
Africa - Regional Appendix .......... 77
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) . 77
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) ............ 77
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) .... 78
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) . 79
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) ............. 79
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) .......... 80
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) ..... 80
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) .. 81
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) ........ 82
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)...... 82
LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) ... 83
LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 83
Methodology And Risks To Forecasts ....... 84
Glossary Of Terms ........... 85
Table: Glossary Of Terms ............ 85
Oil And Gas Risk/Reward Ratings Methodology .... 87
Ratings Overview .. 87
Table: BMI's Oil & Gas Business Environment Ratings - Structure ... 88
Indicators 89
Table: BMI's Oil & Gas Upstream Ratings - Methodology .. 89
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology .... 90
BMI Methodology ............. 92
How We Generate Our Industry Forecasts ..... 92
Energy Industry .... 92
Cross checks ......... 93
Sources ... 93Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016
Table: Libya Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021
Table: Libya Oil Production, Consumption and Net Exports, 2010-2016
Table: Libya Oil Production, Consumption and Net Exports, 2015-2021
Table: Libya Gas Production, Consumption and Net Exports, 2010-2016
Table: Libya Gas Production, Consumption and Net Exports, 2015-2021
Table: Libya Refining - Production and Consumption, 2010-2016
Table: Libya 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: Refineries In Libya
Table: LNG Terminals In Libya
Table: Key Players - Libyan Oil And Gas 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

  • Healthy Diet Demand In Developed Economies To Boost Nutraceuticals
    As customers scuffle to keep up with the frantic lifestyles, the necessity for healthy nutrition rises owing to dearth of time to spend on laborious exercises.  Customers are shifting their attention to swift and healthy food behaviours. Increase in intake of beverages and functional food has offered makers of nutraceuticals with money-spinning prospects to benefit [...]
  • World Economic Forum Unveils Top 10 Emerging Technologies of 2016
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies of 2016. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or [...]
  • Siemens Adds To the Growth of Wind Power Generation Market
    Siemens has been presenting ground-breaking strategies and pioneering solutions for energy generation for an intelligent power supply globally. With an expansive portfolio and wide-ranging proficiency in wind power generation, Siemens is likely to aid in increasing the share of wind power in the US energy mix. With New Mexico’s vicinity to significant wind energy areas, [...]
  • 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. [...]
  • Crude Oil Flow Improvers (COFI) Market by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Drag Reducing Agents, and Hydrate Inhibitors), Application (Extraction, Pipeline, and Refinery), Supply Mode - Global Forecast to 2021
    Published: 22-Sep-2016        Price: US 5650 Onwards        Pages: 111
    “Rise in crude oil production worldwide drives the COFI market” The global market size of COFI is estimated to reach USD 1.73 billion by 2021from 1.32 billion in 2016, at a CAGR of 5.5%. Excessive supply of oil worldwide ,has pushed down oil prices. Countries such as the U.S. have made considerable investments in unconventional drilling technologies, such as hydraulic fracturing (fracking). Hence, the U.S. cannot afford to cut down production so as to redu......
  • Cameroon Oil and Gas Report Q4 2016
    Published: 21-Sep-2016        Price: US 1295 Onwards        Pages: 83
    BMI View: With an FID on Golar LNG and a stronger-than-expected oil production growth, Cameroon benefited from an upward revision in both oil and gas production over our forecast period. In addition, the country will now become an LNG net exporter from 2017 onward, an important tool for exports diversification, notably after the large oil price drop over the past year. Nevertheless, we maintain that Cameroon remains a modest oil and gas producer and more exploration will ......
  • Gabon Oil and Gas Report Q4 2016
    Published: 21-Sep-2016        Price: US 1295 Onwards        Pages: 88
    BMI View: Gabon's oil sector remains vulnerable to the decline in global oil prices, with reports of delays to a key upstream project on the back of uncertain economic conditions. Continued upstream investment is indicative of the market's untapped potential, but above-ground worries ranging from industrial action to unattractive fiscal terms will remain obstacles to the sustained investment necessary to reverse declining reserves and output. The main trends and dev......
  • Malaysia Oil and Gas Report Q4 2016
    Published: 21-Sep-2016        Price: US 1295 Onwards        Pages: 103
    BMI View: Malaysia's long-term crude oil production will be hit as investment in deepwater exploration and production is curtailed amid low oil prices. The start-up of Petronas' PFLNG1 in H216 initiates a string of projects over 2016-2020 that will boost Malaysia's natural gas production. Aggressive capex cuts by Petronas will result in reduced production post-2020. Latest Updates And Key Forecasts: ? We forecast Malaysia's crude oil production to remain on a downtr......
  • Netherlands Oil and Gas Report Q4 2016
    Published: 21-Sep-2016        Price: US 1295 Onwards        Pages: 84
    BMI View: Strong legal, political and social pressures are and will continue to see large production cuts at the key Groningen gas field. This will greatly reduce the Netherlands' role as a key swing gas supplier to Western Europe over the decade, with net exports nearly disappearing by the second half of our forecast period. Latest Updates And Key Forecasts ? Given the mature status of the Netherlands' key Groningen field and many of its offshore fields, we e......
  • United Arab Emirates Oil and Gas Report Q4 2016
    Published: 21-Sep-2016        Price: US 1295 Onwards        Pages: 75
    BMI View: While we forecast UAE's oil and gas production to experience sustained growth over the next five years, additional output will be subsumed by strongly expanding domestic demand. As such, we believe the UAE will grow increasingly dependent on imports of pipeline gas and LNG across the forecast period, while its crude exports will see a minor decline too. That said, recently ramped-up domestic refining capacity will turn the country into a net exporter of refined ......
  • Bulgaria Oil and Gas Report Q4 2016
    Published: 14-Sep-2016        Price: US 1295 Onwards        Pages: 68
    BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 is proving to 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 in mid-2016. Results are expected by ......
  • Colombia Oil and Gas Report Q4 2016
    Published: 14-Sep-2016        Price: US 1295 Onwards        Pages: 110
    BMI View: Our outlook for Colombia's oil and gas sector remains downbeat as lower oil prices are weighing on the development of upstream and downstream projects by national and international investors. As such, further expansion of the sector will become increasingly dependent on state-owned Ecopetrol. While the recent government's peace deal with FARC rebels should improve the operating environment, we note the continued risk of attacks on oil and gas infrastructure due ......
  • Croatia Oil and Gas Report Q4 2016
    Published: 14-Sep-2016        Price: US 1295 Onwards        Pages: 69
    BMI View: With snap elections called after a scandal relating to the oil and gas sector, a future government could challenge the award of six onshore blocks. Contracts for the licenses were signed more than a year after the bidding round, underlining concerns about unpredictable investment climate. Officials have said that they are now considering a floating proposed liquefied natural gas (LNG) terminal, with a final decision on the project delayed until 2017. Main ......
  • 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