Philippines Oil and Gas Report Q1 2016

Date: January 27, 2016
Pages: 102
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Stagnant production and rising consumption will ensure that the Philippines remains a net importer of both crude oil and refined fuels over 2015-2024. The start-up of LNG imports in 2016 via the Pagbilao LNG terminal will free domestic gas demand to surpass production, paving the way for greater gas use in several sectors including power, industrial and the residential sectors.

The main trends and developments we highlight for the Philippines' oil and gas sector are:
  • We forecast a decline in the Philippines' proved oil and gas reserves, as sustained weakness in global oil prices slowdown exploration, which in turn limits the chances of making new discoveries.
  • Crude oil production will fluctuate around the 25,000b/d-28,000b/d range throughout our forecast period to 2024. We note significant downside risk to our forecast particularly from 2019, as these are based on projects where final investment decisions have not been made.
  • While Phase II upgrades at the Malampaya will boost natural gas production to 2016, natural declines will weigh on overall output thereafter. A decision to proceed with Phase III for Malampaya poses upside risk to this forecast.
BMI Industry View
  Table: Headline Forecasts (Philippines 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Proven Oil and Gas Reserves (Philippines 2013-2018)
  Table: Proven Oil and Gas Reserves (Philippines 2019-2024)
Upstream Projects
  Table: Philippines - Key Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trend
  Table: Oil Production (Philippines 2013-2018)
  Table: Oil Production (Philippines 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Philippines 2013-2018)
  Table: Gas Production (Philippines 2019-2024)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Philippines 2013-2018)
  Table: Refining Capacity and Refined Products Production (Philippines 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Philippines 2013-2018)
  Table: Refined Products Consumption (Philippines 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Philippines 2013-2018)
  Table: Gas Consumption (Philippines 2019-2024)
Trade - Oil
Crude Oil Trade
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Philippines 2013-2018)
  Table: Crude Oil Net Exports (Philippines 2019-2024)
Fuels Trade
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Philippines 2013-2018)
  Table: Refined Fuels Net Exports (Philippines 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
Supply Sources
  Table: Gas Net Exports (Philippines 2013-2018)
  Table: Gas Net Exports (Philippines 2019-2024)
Industry Risk Reward Ratings
Industry Risk/Reward Index
  Table: Asia: Upstream Risk/Reward Index
  Table: Asia: Downstream Risk/Reward Index
Philippines - Risk/Reward Index
Upstream Index - Overview
Upstream Index - Rewards
Upstream Index - Risks
Downstream Index - Overview
Market Overview
Philippines Energy Market Overview
Regulatory Regime
Licensing Rounds
  Table: PECR-5: Available Licences
Oil And Gas Infrastructure
Oil Refineries
  Table: Oil Refineries
Oil Storage Facilities
Service Stations
LNG Terminals
  Table: LNG Terminals In The Philippines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players - Philippines Oil And Gas Sector
Company Profile
Philippine National Oil Company (PNOC)
Shell Philippines
Chevron Philippines
BCP Energy/Nido Petroleum
Other Summaries
Regional Overview
Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production
  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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