Saudi Arabia Oil and Gas Report Q3 2016

Date: June 8, 2016
Pages: 76
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S864B594D23EN

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Includes 3 FREE quarterly updates

BMI View: We have revised up our Saudi Arabia crude oil production forecast in 2016. Output will remain in a gentle uptrend across the forecast period, as the kingdom looks to maintain its export levels against rising demand domestically. The kingdom is increasingly targeting its resources towards development of its non-associated gas base. The unconventionals potential is vast, but progress will be slowed by the high cost and technically challenging nature of the resource base and a lack of foreign involvement in the sector. Low state-set gas prices are a major deterrent to investment and the December 2015 hike in prices will be insufficient to draw interest from the major internationals. The consumption outlook is bullish for both oil and gas, despite ongoing subsidy reform. However, gas demand will remain capped by production across our 10-year forecast.

Latest Updates & Key Trends
  • Saudi output will trend gently upwards across the next five years.
  • 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.
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
Company Profile
Saudi Aramco
Latest Updates
  Table: Major Upstream Assets In Saudi Arabia
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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