Saudi Arabia Oil and Gas Report Q2 2016

Date: March 23, 2016
Pages: 97
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Saudi Arabia Oil and Gas Report Q2 2016
BMI View: Saudi Arabia will maintain its crude production broadly flat in 2016. However, longer-term production will rise, to answer growing demand from the domestic power and downstream sectors. The kingdom is increasingly targeting its exploration and development spending towards its non-associated gas resources. Saudi Arabia has vast unconventional gas resources, but the pace of production will be slowed by low state-set gas prices and limited foreign participation in the sector. The consumption outlook is positive for both oil and gas. However, we have revised down our refined fuels consumption forecasts in response to an accelerated subsidy reform programme.

Latest Updates & Key Trends
  • Saudi output will remain broadly flat in 2016, before resuming a gentle upward trend from 2017.
  • However, we forecast exports to remain flat as new refining capacity is brought online, absorbing forecast production growth.
  • In order to support exports, the kingdom has looked to increase the role of gas in the domestic power and industrial sectors. However, domestic gas consumption remains heavily capped due to limited production growth.
  • In spite of Saudi Arabia's heavy focus on unconventional and onshore non-associated gas resources, we expect slow progress in developing these prospects. Domestic production will likely remain insufficient to meet unrestrained demand.
  • Despite inadequate domestic supply, proposals to import LNG will face major roadblocks, due to concerns over the loss of the kingdom's energy self sufficient status, low domestic gas prices and risks to domestic gas development.
BMI Industry View
  Table: Headline Forecasts (Saudi Arabia 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Upstream Project Database
Upstream Production - Oil
Structural Trends
  Table: Oil Production (Saudi Arabia 2014-2019)
  Table: Oil Production (Saudi Arabia 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Saudi Arabia 2014-2019)
  Table: Gas Production (Saudi Arabia 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Saudi Arabia 2014-2019)
  Table: Refining Capacity and Refined Products Production (Saudi Arabia 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Saudi Arabia Fuel Price Reform, December 2015
  Table: Refined Products Consumption (Saudi Arabia 2014-2019)
  Table: Refined Products Consumption (Saudi Arabia 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Saudi Arabia 2014-2019)
  Table: Gas Consumption (Saudi Arabia 2020-2025)
Trade - Oil
Crude Oil
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Saudi Arabia 2014-2020)
  Table: Crude Oil Net Exports (Saudi Arabia 2020-2025)
Refined Fuels
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Saudi Arabia 2014-2019)
  Table: Refined Fuels Net Exports (Saudi Arabia 2020-2025)
Trade - Gas (Pipeline and LNG)
Structural Trends
Industry Risk Reward Index
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
Saudi Arabia - Risk/Reward Index
Market Overview
Saudi Arabia Energy Market Overview
Regulatory Overview
Licensing Regime
Fiscal Regime
  Table: Saudi Arabia PCA Main Fiscal Terms
Oil And Gas Infrastructure
Oil Refineries
  Table: Saudi Arabia Oil Refineries
Oil Terminals/Ports
Oil Pipelines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In Saudi Arabia's Oil & Gas Sector
Company Profile
ExxonMobil Saudi Arabia
Saudi Aramco
Shell Saudi Arabia
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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