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

  • The Adhesive Paper Industry Looking At a Long Term Bonding
    Adhesives are used extensively in the Paper Industry. They are primarily two kinds ie, the adhesive is either water based or hot melts. The kind of requirement determines the adhesive type in this industry. Adhesives have a wide arena of application. It is used as envelope gums, bookbinding adhesives, for lamination of paper, corrugated adhesives, [...]
  • The Rising Horizon of Maintenance Market of Wind Turbines
    Wind turbines have been one of the most economical means of means of electric production. There are a number of benefits for operating wind turbines. It negates the risk of price factor arising out of dwindling fuel prices and also is independent of pollution and fuel imports. This method of electric production is a capital [...]
  • Liver Fibrosis Market
    Liver Fibrosis is a result of all chronic liver diseases. An extended illness from Liver Fibrosis leads to Cirrhosis of liver and finally liver cancer. It’s a serious disease and one of the world’s rising concern. The medical diagnosis of this disease is very painful and involves a risk of hazards such as severe bleeding [...]
  • Linzess Market All Set To Grow
    Linzess is a therapy for overcoming Irritable Bowel Syndrome with Constipation (IBS-C). The medicine is different and first of its kind that helps a person recover IBS-C. The medicine has some serious side effects so it is important that a person takes the medicine only if prescribed by the doctor. Some of the leading consumers [...]
  • The Steady Ascent of Radiography Systems Industry
    The imaging technique that uses electromagnetic radiation to view internal structures of an human body is popularly known as Radiography. Any radiography that is performed on any other object other than any living being is called industrial radiography. It can be used for treating and detecting a wide range of diseases. Its application ranges from [...]
  • 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 …

  • 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 cure …

  • 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 limitations …

  • 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 …

  • 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 …

  • Global Electric Meter Industry Report 2015
    Published: 21-Apr-2015        Price: US $2800 Onwards        Pages: 117
    The Global Electric Meter Industry Report 2015 is a professional and in-depth study on the current state of the Electric Meter industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Electric Meter market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as we......
  • Well Intervention Market by Services (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift, Others), Application (Onshore & Offshore) & Region – Global Trends & Forecast to 2019
    Published: 20-Apr-2015        Price: US $4650 Onwards        Pages: 185
    This report estimates the well intervention market size in terms of $million, which has been broken down into regions and further split into countries. The qualitative analysis of well intervention/workover services with respect to its concept, tools and equipment used, technical know-how, innovations, types, and application areas are done in an elaborative manner. It mainly highlights services such as logging & bottomhole survey, tubing/packer failure & repair, stimulation, remedial ......
  • 2015 Market Research Report on Global Lithium nickel cobalt manganese oxide Industry
    Published: 17-Apr-2015        Price: US $2800 Onwards        Pages: 135
    This is a professional and deep research report in this field. For overview analysis, the report introduces Lithium nickel cobalt manganese oxide basic information including definition, classification specifications, application, industry chain structure, regional industry overview (such as US, Europe, Japan, etc.), policy analysis, and news analysis, etc. For manufacturing cost structure Analysis, the report analyzes Lithium nickel cobalt manganese oxide raw material and equipment supplie......
  • 2015 Deep Market Research Report on Global Wind Power Converter Industry
    Published: 17-Apr-2015        Price: US $2800 Onwards        Pages: 165
    This is a professional and depth research report on Global Wind Power Converter industry. For overview analysis, the report introduces Wind Power Converter basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. For international and China market analysis, the report analyzes Wind Power Converter markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting re......
  • Global Ozone Generator Industry Report 2015
    Published: 17-Apr-2015        Price: US $2800 Onwards        Pages: 178
    This is a professional and in-depth study on the current state of the Ozone Generator industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Ozone Generator market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and co......
  • Libya Oil and Gas Report Q2 2015
    Published: 15-Apr-2015        Price: US $1295 Onwards        Pages: 119
    BMI View: Oil production in Libya remains highly volatile, as pervasive insecurity continues to disrupt operations. Despite a significant ramp-up in output in recent weeks, we expect repeated supply outages, dragging down overall production volumes for 2015. A protracted civil conflict will slow the pace of recovery over the coming years, depressing sustainable output levels below 1mn b/d, across our 10-year forecast period. The key trends and developments in Libya's oil and gas sector are: ? Li......
  • Zimbabwe Power Report Q2 2015
    Published: 15-Apr-2015        Price: US $1295 Onwards        Pages: 65
    BMI View: The outlook for Zimbabwe's power sector is moderate but market opportunities for private investors are limited. On the upside, a number of major projects will boost generation to 17.1TWh by 2024 up from 8.8TWh in 2015, mainly by exploiting coal and hydropower. This will be underpinned by a steady rise in demand for electricity, from 13.3TWh to 21.9TWh over the same timeframe, as the economy and population grows. However, the operating environment will remain extremely challenging. A ma......
  • Mozambique Power Report Q2 2015
    Published: 15-Apr-2015        Price: US $1295 Onwards        Pages: 66
    BMI View: Mozambique is one of the most attractive markets in Sub-Saharan Africa. The economy is growing rapidly and the government has liberalised the country's investment laws, providing an enabling environment for exploiting Mozambique's abundant energy resources. However, barriers to investment remain, including high levels of corruption and low-level political instability. The outlook for Mozambique's power sector is good. After decades of civil war, the political situation has stabilized, ......
  • Oman Oil and Gas Report Q2 2015
    Published: 15-Apr-2015        Price: US $1295 Onwards        Pages: 120
    BMI View: Beginning in 2015, Oman will witness the gradual and steady decline of its oil reserves. The country's crude oil production levels will reach their peak in 2017, with total hydrocarbon production reaching their height in 2020. Incremental increases in the country's domestic consumption will be aggravated by decreasing returns from the enhanced recovery efforts. BMI feels that Oman's oil industry will still provide new lucrative opportunities from the approval of additional upstream pro......
  • 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