Qatar Oil and Gas Report Q2 2016

Date: April 6, 2016
Pages: 101
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Qatar Oil and Gas Report Q2 2016
Includes 3 FREE quarterly updates

BMI View: The moratorium on upstream gas projects will limit the overall level of activity in the coming quarters, while work on a small number of enhanced oil recovery and redevelopment projects continues. We expect the fall in crude production to continue, with downside risk to steeper decline rates if enhanced recovery programmes are scaled back due to capex cuts. Qatar's dominance of the liquefied natural gas export market will increasingly be challenged by other producers, but efforts to diversify the economy away from oil and gas will soften the impact.

We highlight the following trends and developments in Qatar's oil and gas sector:
  • Qatar announced in 2015 that it would invite new bids for al-Shaheen when the current contract expires in mid-2017. In line with an effort to increase state control in the upstream sector will see Qatar seek new international oil companies (IOCs) for a 25-year exploration and production agreement. Though Maersk will be among the firms able to bid, uncertainty over long-term ownership of the field could slow investment in the near-term.
  • Gas production in Qatar will remain relatively flat as LNG exports continue at strong levels and domestic gas consumption, which will see healthy growth as reliance on gas-fired power generation continues, is met by the Barzan project. LNG exports are expected to slightly increase to 104.9bcm in 2016, up from 103bcm in 2015. However LNG exports will have declined by end of our forecast period to 94.7bcm.
  • Post-2016 Qatar does not have any new LNG contracts coming into force and with 30.1bcm of contracts rolling off in the next ten years, will have to start negotiating new contracts to secure long-term offtake. Despite the demand weakness in South Korea and Japan, we expect Asia to remain the dominant consumer of LNG, driven by strong growth in emerging markets such as China and India. As such, it will remain a key target for Qatar.
  • Qatar is expected to see reduced investment in its oil and gas sector over the coming quarters as it attempts to diversify its economy. The majority of upstream investment in the next three years will focus on oil field redevelopments.
BMI Industry View
  Table: Headline Forecasts (Qatar 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Structural Trends
  Table: Proven Oil and Gas Reserves (Qatar 2014-2019)
  Table: Proven Oil and Gas Reserves (Qatar 2020-2025)
Upstream Projects
  Table: Qatar Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Qatar 2014-2019)
  Table: Oil Production (Qatar 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Qatar 2014-2019)
  Table: Gas Production (Qatar 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Qatar 2014-2019)
  Table: Refining Capacity and Refined Products Production (Qatar 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Qatar 2014-2019)
  Table: Refined Products Consumption* (Qatar 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Qatar 2014-2019)
  Table: Gas Consumption (Qatar 2020-2025)
  Table: Qatar Power
Trade - Oil
Crude Oil
Latest Updates
  Table: Crude Oil Net Exports (Qatar 2014-2020)
  Table: Crude Oil Net Exports (Qatar 2020-2025)
Refined Fuels
Latest Updates
  Table: Refined Fuels Net Exports (Qatar 2014-2019)
  Table: Refined Fuels Net Exports (Qatar 2020-2025)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Qatar 2014-2019)
  Table: Gas Net Exports (Qatar 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
Qatar - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Qatar Energy Market Overview
Fiscal Terms
  Table: Qatar- Upstream Tax Regime
Licensing Regime
  Table: Qatar- Contracts and Licensing Regime
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Qatar
  Table: GTL Plants In Qatar
LNG Terminals
  Table: LNG Terminals In Qatar
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
  Table: Key Upstream Players
  Table: Key Downstream Player
Company Profile
ExxonMobil Oil Qatar
Qatar Petroleum
Royal Dutch Shell
Total Qatar
Other Summaries
Regional Overview
Middle East Oil And Gas Regional Overview
Oil Production: Weak Prices Have Limited Impact On Growth
Oil Consumption: Gradual Subsidy Reform To Temper Demand Growth
Refining Capacity: 2mn b/d Of New Capacity By 2020
Gas Production: Low Oil Prices Hinder Gas Progress
Gas Consumption: Switch To Gas Power Will Boost Demand
  Table: Middle East - Oil And Gas Production, Refining Capacity And Trade (2013-2024)
  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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Qatar Oil and Gas Report Q4 2015 US$ 1,295.00 Oct, 2015 · 127 pages

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