Bulgaria Oil and Gas Report Q1 2016

Date: December 9, 2015
Pages: 89
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: BDA8D346165EN

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Includes 3 FREE quarterly updates

BMI View: Improvements in the refining sector are boosting the downstream outlook, though 2016 will 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 will drill in the Black Sea Khan-Asparuh block between February and May 2016.
  • Shell is due to expected to sign a contract to explore the Silistar Block after it was retendered along with the Teres block that received no bids.
  • We have downgraded our gas production forecast for 2015 to 150mcm, due to strong decline rates at existing fields.
  • Petroceltic is planning to tieback the Kavarna East field to the Galata platform, which could boost production from late 2016.
  • Refined fuels production is due to increase almost 18% in 2015 over 2014.
  • Gasoline production has been particularly strong following the completion of Lukoil's new heavy residue complex.
  • Despite this, a weak economy has limited refined fuels demand, which will barely grow in 2015.
BMI Industry View
  Table: Headline Forecasts (Bulgaria 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Proven Oil and Gas Reserves (Bulgaria 2013-2018)
  Table: Proven Oil and Gas Reserves (Bulgaria 2019-2024)
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Bulgaria 2013-2018)
  Table: Oil Production (Bulgaria 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Bulgaria 2013-2018)
  Table: Gas Production (Bulgaria 2019-2024)
  Table: Refining Capacity and Refined Products Production (Bulgaria 2013-2018)
  Table: Refining Capacity and Refined Products Production (Bulgaria 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Bulgaria 2013-2018)
  Table: Refined Products Consumption (Bulgaria 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Bulgaria 2013-2018)
  Table: Gas Consumption (Bulgaria 2019-2024)
Trade - Oil
Latest Updates
Crude Oil
  Table: Crude Oil Net Exports (Bulgaria 2013-2019)
  Table: Crude Oil Net Exports (Bulgaria 2019-2024)
Refined Fuels
  Table: Refined Fuels Net Exports (Bulgaria 2013-2018)
  Table: Refined Fuels Net Exports (Bulgaria 2019-2024)
Trade - Gas (Pipeline And LNG)
  Table: Gas Net Exports (Bulgaria 2013-2018)
  Table: Gas Net Exports (Bulgaria 2019-2024)
Industry Risk Reward Ratings
Central And Eastern Europe Oil & Gas Risk/Reward Index
  Table: CEE: High Risk, Low Reward
  Table: CEE Upstream, Downstream And Overall Risk/Reward Index
Upstream: China Still The Target Market
  Table: CEE Upstream Risk/Reward Index
Downstream: Turkish STAR Only Bright Spot In Weak Market
  Table: CEE Downstream Risk/Reward Index
Bulgaria - Risk/Reward Index
Market Overview
Bulgaria Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Bulgaria Petroleum Taxes
Licensing Rounds
Oil & Gas Infrastructure
Oil Refineries
  Table: Refineries In Bulgaria
Service Stations
  Table: Major Fuel Retailers In Bulgaria
Oil Storage Facilities
Oil Terminals/Ports
Gas Storage Facilities
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In The Bulgarian Oil And Gas Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Company Profile
EKO Bulgaria
Lukoil Neftekhim
Oil And Gas Exploration And Production
OMV Bulgaria
Shell Bulgaria
Other Summaries
Regional Overview
Central And Eastern Europe Oil & Gas Regional Overview
Oil Production: Caspian Remains Centre Of Growth
Oil Consumption: Fuels Demand Gradually Strengthening
Refining Capacity: Modernisation Over Capacity Additions
Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
  Table: Central Asia-China Gas Pipeline Expansions
Gas Consumption: Demand Falters On Struggling Economies
  Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & 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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