Bulgaria Oil and Gas Report Q4 2016

Date: September 14, 2016
Pages: 68
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: BC27D323A55EN

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Includes 3 FREE quarterly updates

BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 is proving to 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 has started drilling in the Black Sea Khan-Asparuh block in mid-2016. Results are expected by the autumn of 2016.
  • A third well (Kaliakra-3) is being planned at the Kaliakra field to maintain output, given heavy declines from Kaliakra-1.
  • Gasoline and diesel production increased over 20% in 2015 following the completion of Lukoil's new heavy residue complex.
  • Gasoline and diesel consumption increased around 3-4% over 2015, supported by low prices.
  • A much-delayed 25km reverse flow interconnector gas pipeline between Romania and Bulgaria will come online this year. The pipeline will have maximum capacity of 1.5bcm per year in the Bulgaria- Romania direction, and 0.5bcm capacity in the reverse direction.
BMI Industry View
  Table: Headline Forecasts (Bulgaria 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Bulgaria 2014-2019)
  Table: Oil Production (Bulgaria 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Bulgaria 2014-2019)
  Table: Gas Production (Bulgaria 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity And Refined Products Production (Bulgaria 2014-2019)
  Table: Refining Capacity And Refined Products Production (Bulgaria 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Bulgaria 2014-2019)
  Table: Refined Products Consumption (Bulgaria 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Bulgaria 2014-2019)
  Table: Gas Consumption (Bulgaria 2020-2025)
Trade - Oil
Latest Updates
Crude Oil
  Table: Crude Oil Net Exports (Bulgaria 2014-2020)
  Table: Crude Oil Net Exports (Bulgaria 2020-2025)
Refined Fuels
  Table: Refined Fuels Net Exports (Bulgaria 2014-2019)
  Table: Refined Fuels Net Exports (Bulgaria 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Bulgaria 2014-2019)
  Table: Gas Net Exports (Bulgaria 2020-2025)
Industry Risk Reward Index
Central And Eastern Europe Oil & Gas Risk/Reward Index
  Table: CEE: High Risk, Low Reward
  Table: CEE Upstream, Downstream And Overall Risk/Reward Indices
  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
Lukoil Neftekhim
  Table: Key Financial Data (USD)
Shell Bulgaria
  Table: Major Upstream Assets In Bulgaria
Key Financial Data (USD)
  Table: Major Upstream Assets In Bulgaria
  Table: Key Financial Data (USD)
Regional Overview
Central And Eastern Europe Oil & Gas Regional Overview
Oil Production: Oil Powerhouses Falter On Weak Prices
Oil Consumption: Short-Term Weakness As Russia Struggles
Refining Capacity: Modernisation Key To Competing
Natural Gas Production: Gas Ramp-Up Demand-Dependent
  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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