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

  • Challenges in the Tourism Industry in Thailand
    Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country. In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who [...]
  • Future of the US Consumer Electronics Market
    The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products. During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the [...]
  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Graft-Versus-Host Disease (GVHD) Treatment Market worth $407 million by 2018
  • The graft-versus-host disease (GVHD) treatment market value will increase from $297 million in 2013 to $407 million by 2018, at a Compound Annual Growth Rate (CAGR) of 6.59%, according to research and consulting firm GlobalData. The company’s latest report* states …

  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Global Smart Solar Market 2014-2018
    Published: 22-Oct-2014        Price: US $2500 Onwards        Pages: 88
    Smart solar is the advancement in the existing solar energy technology system. This technology provides enhanced integration, support, communication, distribution, monitoring, and planning capabilities in the energy delivery systems. The introduction of such enhanced technologies in components and services has led to an increase in the demand for smart solar systems. TechNavio's analysts forecast the Global Smart Solar market to grow at a CAGR of 18.4 percent over the period 2013-2018. Cov......
  • Global Variable Frequency Drives Market 2014-2018
    Published: 22-Oct-2014        Price: US $2500 Onwards        Pages: 70
    Variable frequency drives are motor controllers that control the motions of a motor by varying the frequency and voltage supplied. Drives are widely used in manufacturing industries to regulate and control fans, conveyors, machine spindles, and pumps in the production processes. Drives are classified into two broad categories based on technology: alternating current drive and servo drives. TechNavio's analysts forecast the Global Variable Frequency Drives market will grow at a CAGR of 12.69 p......
  • Norway Oil and Gas Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 159
    BMI View: Efforts to slow the decline rate of Norway's oil output are beginning to pay off, and we forecast a return to production growth in 2014 for the first time in 12 years. Gas production remains weak in the short-term as lacklustre European demand reduces incentives to produce, though long-term prospects remain strong. Growing industry costs, combined with limited incentives to develop marginal fields and improve recovery rates, remain a major threat to investment and production growth ove......
  • Canada Renewables Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 47
    BMI View: On paper, Canada is an excellent candidate for non-hydro renewable development; with vast wind resources, plenty of land to construct wind farms, a national commitment to rid itself of coal fired electrical generation and a safe investment climate. But the country's constitutional arrangements, which leave emissions targets with the federal government and precise energy mix policies with provincial jurisdictions, have created a patchwork quilt of markets and policies across the country......
  • Oman Oil and Gas Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 121
    BMI View: Oman's recent gains in oil production notwithstanding, the next few months in the Omani oil industry will be consequential for the industry's long-term future. Not only will 2015 start the descent of Omani oil reserves, but the country's production levels will reach its peak in 2017. Incremental increases in Omani domestic consumption will be aggravated by the decreasing returns from the enhanced recovery efforts that Muscat has pursued in the last few years. BMI, however, feels that O......
  • China Power Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 83
    BMI View: China's power sector continues to be in a league of its own; and announcements by China Premier, Li Keqianq, that a series of large-scale power sector construction projects will be launched to 'stabilise growth and improve energy security' suggest that the sector will be benefit from China targeted stimulus approach. That said, with BMI's Country Risk analysts anticipating that the Chinese economy is likely to slow down in the coming decade will be much slower than in the last, as the ......
  • Qatar Power Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 47
    BMI View: The Qatari power sector is set for strong growth over the coming decade as the government continues to spend heavily on new infrastructure projects, while domestic energy consumption continues to grow. With no sign of a let-up in government spending on the horizon, particularly as the emirate gears up for the FIFA World Cup in 2022, and the economy in good shape, demand for power is likely to continue rising over the next few years, leaving the electricity sector in good stead. The out......
  • France Power Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 69
    BMI View: On July 30 the French cabinet passed the first substantial energy bill. The long awaited act is the first concrete step to fulfil the electoral promises by President Francois Hollande to reduce the share of nuclear energy in the electricity mix from the current 75% to 50% by 2025. The bill confirms the proposal presented in June by Energy and Environment Minister Ségolène Royal to cap nuclear energy at 63.2GW, the current levels. The bill then primarily focuses on boosting energy eff......
  • Saudi Arabia Power Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 71
    BMI View: We have maintained our outlook for Saudi Arabia this quarter and we expect the kingdom's power sector to register significant growth over our 10-year forecast period to 2023. Our positive view of the market is not only underpinned by the sheers scale of Saudi Arabia's power generation expansion plans, but also by robust macroeconomic fundamentals and the surging demand for electricity from its growing population and heavy industries. Further, with Saudi Arabia holding one-fifth of glob......
  • 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