Egypt Oil and Gas Report Q3 2016

Date: July 13, 2016
Pages: 91
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: Pledged investment in upstream developments and LNG imports will be crucial to meeting gas demand over the next five years, while the Zohr discovery could solve Egypt's gas challenges in the long term. Policy slippage with subsidy reform and payment schedules to oil and gas companies, pose the largest risk to slowing the positive momentum.

We highlight the following trends and developments in Egypt's oil and gas sector:
  • The Egyptian government continues to struggle with debt repayments to international oil companies with dues slipping from USD3bn in December 2015 to USD3.2bn in March 2016.
  • The oil ministry is to pay Shell/BG some USD400mn of its over USD1bn recievables by end 2016 to incentivise investment in WDDM phase 9b.
  • The Zohr development is on first priority fast-track with Eni still targeting first production from the initial phase in late 2017. Civil works have reportedly begun.
  • BP's West Nile Delta project (Taurus/Libra) also has fast-track status, targeting start-up of the 12bcm project in early 2017.
  • Eni and BP started production from the Nooros field in the Abu Madi West licence, which produced 65,000boe/d in May and is expected to double over 2016.
  • Gas consumption grew over 3.5% y-o-y in Q116 to 11.7bcm and will be supported by a new 30km pipeline connecting New Ismailia city to the gas grid.
  • The government announced it will be reducing gas supply to industry in August due to an expected increase in gas demand from the power sector - three new gas-fired power plants are expected in June/ July 2016.
  • Construction of Egyptian Refining Company's Mostorod facility is over 84% complete, with targeted start-up in mid-2017.
BMI Industry View
  Table: Headline Forecasts (Egypt 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Wellhead Gas Prices
Upstream Projects
  Table: Key Upstream Oil And Gas Projects In Egypt
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Egypt 2014-2019)
  Table: Oil Production (Egypt 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Egypt 2014-2019)
  Table: Gas Production (Egypt 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Egypt 2014-2019)
  Table: Refining Capacity and Refined Products Production (Egypt 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Egypt 2014-2019)
  Table: Refined Products Consumption* (Egypt 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: New Natural Gas Subsidies For Grid Connected Users
  Table: Gas Consumption (Egypt 2014-2019)
  Table: Gas Consumption (Egypt 2020-2025)
Trade - Oil
Latest Updates
Structural Trends: Crude Oil
  Table: Crude Oil Net Exports (Egypt 2014-2020)
  Table: Crude Oil Net Exports (Egypt 2020-2025)
Structural Trends: Refined Fuels
  Table: Refined Fuels Net Exports (Egypt 2014-2019)
  Table: Refined Fuels Net Exports (Egypt 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Egypt 2014-2019)
  Table: Gas Net Exports (Egypt 2020-2025)
Oil & Gas Risk/Reward Index
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
Egypt - Risk/Reward Index
Market Overview
Egypt Energy Market Overview
Political Regime
Fiscal Regime
  Table: Egyptian Tax Regime
Licensing Rounds
  Table: International 2016 Bid Round Blocks
  Table: 2015 Offshore Blocks Awarded
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Egypt
Service Stations
Oil Storage Facilities
Oil Terminals/Ports
Oil Pipelines
LNG Terminals
  Table: LNG Export Terminals In Egypt
  Table: LNG Import Terminals
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Companies Operating In Egypt's Petroleum Sector
  Table: EGPC
Company Profile
Apache Energy
Latest Updates
  Table: Major Assets
BP Egypt
Latest Updates
  Table: BP Egypt Concessions
  Table: BP - Key Financial Data - USDbn
Eni Egypt
  Table: IEOC Concessions & Leases - Production Shares
  Table: Eni - Financial Data
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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