Algeria Oil and Gas Report Q3 2016

Date: June 29, 2016
Pages: 80
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

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 directly invest in a limited number of fields. However, the prospects are clouded by an unattractive fiscal and regulatory regime, ongoing security concerns, and the weakened commodity price environment.

Latest Updates And Key Forecasts
  • Algeria has substantial underexplored acreage. However, exploration will remain limited due to Sonatrach's strained financial position and a lack of foreign involvement in the sector over the long term.
  • The long-term outlook on oil and gas production is heavily bearish. A spate of small to medium-sized projects will support medium-term production growth, but a lack of new projects scheduled to come onstream beyond 2018-2019 will see decline rates outpacing new production.
  • A 2016 attack on a gas processing facility at the hand of Al Qaeda in the Islamic Maghreb (AQIM) underscored the ongoing security challenges facing industry assets.
  • Oil and gas consumption will continue to grow, as pervasive subsidies fuel inefficient consumption patterns.
  • The combination of rising consumption and falling production will severely undercut exports of oil and gas towards the end of our forecast period to 2025. Revenue will be further impacted by sustained lower commodity prices.
BMI Industry View
  Table: Headline Forecasts (Algeria 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Total Mean Undiscovered Conventional Resources In Basins Covering Algeria
  Table: Algeria Fourth International Bid Round Block Awards
Upstream Projects
  Table: Algeria Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Algeria 2014-2019)
  Table: Oil Production (Algeria 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Algeria 2014-2019)
  Table: Gas Production (Algeria 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Algeria 2014-2019)
  Table: Refining Capacity and Refined Products Production (Algeria 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Algeria 2014-2019)
  Table: Refined Products Consumption (Algeria 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Algeria 2014-2019)
  Table: Gas Consumption (Algeria 2020-2025)
Trade - Gas (Pipeline & LNG)
Latest Updates
Structural Trends
  Table: Algeria LNG Contracts
  Table: Gas Net Exports (Algeria 2014-2019)
  Table: Gas Net Exports (Algeria 2020-2025)
Trade - Oil
Latest Updates
Structural Trends
Crude Oil
  Table: Crude Oil Net Exports (Algeria 2014-2020)
  Table: Crude Oil Net Exports (Algeria 2020-2025)
Refined Fuels
  Table: Refined Fuels Net Exports (Algeria 2014-2019)
  Table: Refined Fuels Net Exports (Algeria 2020-2025)
Industry Risk Reward Ratings
Africa - Oil & Gas Risk/Reward Index
  Table: BMI Africa Oil & Gas Risk/Reward Index
Above-Ground Risks Dulling Below-Ground Potential
  Table: BMI Africa Upstream Risk/Reward Index
Downstream Sector Holds Limited Opportunity
  Table: BMI Africa Downstream Risk/Reward Index
Algeria - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Algeria Energy Market Overview
Regulatory Overview
Licensing Regime
  Table: Algeria Model PSC Main Licensing Terms
Fiscal Regime
  Table: Algeria Model PSC Main Fiscal Terms
Licensing Rounds
  Table: Algeria 2014 Licensing Round
Oil And Gas Infrastructure
LNG Terminals
  Table: Algeria LNG Export Terminals
Oil Refineries
  Table: Algeria Oil Refineries
Gas Pipelines
  Table: Algeria Main Gas Export Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In The Algerian Energy Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Company Profile
Enterprise Nationale Sonatrach
Latest Updates
Regional Overview
Africa - Bullish Gas, Bearish Oil
  Table: Africa Oil & Gas Production, Consumption, Refining Capacity And Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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