Bolivia Oil and Gas Report Q3 2016

Date: May 4, 2016
Pages: 79
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: Upstream investment in Bolivia continues at steady levels, but weak reserves growth of both oil and gas persists, creating long-term uncertainty for production and exports. The fall in global oil prices has led to sharp reductions in earnings from oil-indexed gas sales to Argentina and Brazil, on whom Bolivia is entirely dependent for exports. Continued investment in projects to monetise domestic gas resources as through increased local consumption in the residential, power and industrial sectors could result in tightening of the supply-demand picture in the medium term.

Latest Updates And Key Forecasts
  • Preliminary data from Yacimientos Petrol√≠feros Fiscales Bolivianos (YPFB) shows natural gas discoveries in Bolivia totalled about 1.5trn cubic meters in 2015, underscoring the country's below ground promise. However, we caution that significant operational headwinds will persist given the company's shrinking profits and budget amid the global sector downturn. Our outlook for 2016 remains positive with a number of key projects, including first gas from the Ipati and Aquio fields, but we caution that long term growth will be challenging to achieve.
  • The start-up of national oil company YPFB's virtual LNG supply project in Bolivia on February 15 marked an important change in the country's domestic energy makeup. As the first such project of its kind in Bolivia, the USD144mn Rio Grande LNG facility will support growing demand for gas in rural communities which lack access to the country's vast resource due to a insufficient pipeline connectivity.
  • In February, the Bolivian government signed a much-anticipated series of agreements with Russian oil and gas major Gazprom covering exploration, production and transportation of hydrocarbons as well as construction and upgrading of associated infrastructure. The memorandum also included updates to Bolivia's natural gas development plan through 2040, implying added involvement by the Russian firm.
  • In March, the joint venture between PdVSA and YPFB to drill the Lliquimuni C X-1 well in the La Paz region came up dry, with the well failing to yield any commercially viable quantities of oil and gas. The project had been touted as highly promising by President Evo Morales prior to its development.
BMI Industry View
Latest Updates And Key Forecasts
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Bolivia - Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Bolivia 2014-2019)
  Table: Oil Production (Bolivia 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Bolivia 2014-2019)
  Table: Gas Production (Bolivia 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Bolivia 2014-2019)
  Table: Refining Capacity and Refined Products Production (Bolivia 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Bolivia 2014-2019)
  Table: Refined Products Consumption (Bolivia 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Bolivia 2014-2019)
  Table: Gas Consumption (Bolivia 2020-2025)
Trade - Oil
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Bolivia 2014-2020)
  Table: Crude Oil Net Exports (Bolivia 2020-2025)
  Table: Refined Fuels Net Exports (Bolivia 2014-2019)
  Table: Refined Fuels Net Exports (Bolivia 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Bolivia 2014-2019)
  Table: Gas Net Exports (Bolivia 2020-2025)
Industry Risk Reward Index
Latin America - Oil & Gas Risk/Reward Index
  Table: Latin America - Composite Risk/Reward Index
Composite RRI: Industry Downturn Weighs On Regional Performance
Upstream: Few Shifts, But Changes Loom
  Table: Latin America - Upstream Risk/Reward Index
Downstream: Medium-Term Outlook Reinforces Current Dynamics
  Table: Latin America Downstream Risk/Reward Index
Bolivia - Risk/Reward Index
Market Overview
Bolivia Energy Market Overview
Regulatory Structure
  Table: Bolivia - Upstream Tax Regime
Licensing Regime
  Table: Bolivia - Contract And Licensing Regime
Licensing Rounds
Bolivia Oil & Gas Infrastructure
  Table: Oil Refineries In Bolivia
Oil Pipelines
  Table: Bolivia - Oil Pipelines
Gas Pipelines
  Table: Bolivia - Gas Export Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Upstream Players
  Table: Key Downstream Player
Company Profile
  Table:   Table: Major Upstream Assets In Bolivia
  Table:   Table: Key Financial Data (USDmn)
  Table:   Table: Major Upstream Assets In Brazil
  Table:   Table: Key Financial Data, USDmn
Repsol Bolivia
  Table:   Table: Key Projects in Bolivia
  Table:   Table: Key Financial Data (USDmn)
Regional Overview
Latin America Overview
  Table: Latin America Oil And Gas Production, Refining Capacity And Trade, 2014-2025
  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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