Oman Oil and Gas Report Q3 2016

Date: July 13, 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: We believe that Oman's oil industry still provides new and lucrative opportunities ranging from the approval of additional upstream projects to new discoveries, with a focus on offshore resource finds a unique new area of interest. However, due to the prevailing low price environment, smaller energy producers such as Oman will have more challenges attracting upstream investment.

Latest Updates And Key Forecasts
  • Norway-based oil and gas company DNO failed to encounter significant volumes of hydrocarbons in its Hayah-1 exploration well in Block 36.
  • This quarter we have maintained our forecasts for Oman's oil production. We believe that the output will continue to increase to peak of 988,800b/d in 2017, followed by a gradual decline to around 914,700b/d in 2025.
  • According to reports in Times of Oman, the country's oil production in April 2016 amounted to 994,303b/ d, marking a 1.6% year-on-year (y-o-y) increase.
  • In March 2016, Oman's Minister of Oil and Gas Muhamad Al Rumhi informed that Oman would be ready to cut its oil output by around 5-10%, if OPEC producers decided to lower their production.
  • According to BP reports in June 2016, its Khazzan gas project is 70% complete and should start production in late 2017.
  • Oman's gas production is set to peak at 53.7bcm in 2023, up from 33.2bcm in 2015. The output volumes will decline marginally to around 51.8bcm at the end of our forecast period.
  • Between February and April 2016, Sohar refinery underwent a scheduled maintenance, which included a notable upgrade of the facility's residual catalytic cracking unit.
BMI Industry View
  Table: Headline Forecasts (Oman 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Oman Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Oman 2014-2019)
  Table: Oil Production (Oman 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Oman Gas Prices
  Table: Gas Production (Oman 2014-2019)
  Table: Gas Production (Oman 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Oman 2014-2019)
  Table: Refining Capacity and Refined Products Production (Oman 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Oman 2014-2019)
  Table: Refined Products Consumption (Oman 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Oman 2014-2019)
  Table: Gas Consumption (Oman 2020-2025)
Trade - Oil
Crude Oil Trade
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Oman 2014-2020)
  Table: Crude Oil Net Exports (Oman 2020-2025)
Fuels Trade
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Oman 2014-2019)
  Table: Refined Fuels Net Exports (Oman 2020-2025)
Trade - Gas (Pipeline & LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Oman 2014-2019)
  Table: Gas Net Exports (Oman 2020-2025)
Industry Risk Reward Ratings
Middle East - Oil & Gas Risk/Reward Index
  Table: Middle East Oil & Gas Risk/Reward Index
Upstream: Index Resilient In Lower Price Environment
  Table: Middle East Upstream Oil & Gas Risk/Reward Index
Downstream: Limited Opportunities
  Table: Middle East Downstream Oil & Gas Risk/Reward Index
Oman - Risk/Reward Index
Market Overview
Oman Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Oman - Upstream Tax Regime
Licensing Regime
  Table: Oman - Contracts and Licensing Regime
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Oman
LNG Terminals
  Table: LNG Terminals In Oman
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Companies In Oman's Energy Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Company Profile
Latest Updates
  Table: Major Upstream Assets in Oman
  Table: Key Financial Data
Latest Updates
  Table: Key Upstream Assets in Oman
Regional Overview
Middle East Oil & Gas Regional Overview
Oil Production: Two Tiers Emerging
Oil Consumption: Subsidy Reform Tempering Demand Growth
  Table: Gasoline-95 Pump Price June 2015 & March 2016 (Usd/Litre)
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
Gas Production: In Need Of More Gas
Gas Consumption: Switch To Gas Power Will Boost Demand
  Table: Middle East Oil & Gas Production, 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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