South Africa Oil and Gas Report Q1 2016

Date: January 27, 2016
Pages: 87
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Despite a vast shale resource base and prospective deepwater acreage, exploration in South Africa will be subdued by the high cost of drilling, continued bureaucratic hold-ups and a sustained lower oil price environment. Ongoing reform of the country's fiscal and licensing regime adds another layer of uncertainty and the passage of the amended petroleum bill will be key to securing future investments. The downstream sector also faces major headwinds, due to ageing and inefficient refineries, continued fuel price subsidisation and mounting competition abroad.

Latest Updates & Key Trends:
  • There has been significant concern surrounding the mineral and petroleum development amendment bill, which was passed by parliament in March 2014. The bill offers the state a 20% free carried stake in all new developments, no limit on state ownership of assets and no clarity regarding the pricing terms for stake acquisition. Investors have voiced concern about potential resource nationalism and asset fire sales. It is probable that this level of regulatory uncertainty will delay major investment decisions over the short term, posing long-term risk to the upstream oil and gas sector.
  • In November 2014, industry regulator Petroleum Agency South Africa announced that it would begin to process pending shale exploration permits, signalling growing political momentum behind shale gas development. However, an unsettled regulatory environment and a period of sustained lower oil prices and tightening global capex may slow progress here. In March 2015, Royal Dutch Shell was the first company to announce cutbacks to planned shale exploration spending in the country and no permits have been issued to-date.
BMI Industry View
  Table: Headline Forecasts (South Africa 2013-2019)
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Major International Players In South Africa's Offshore
Upstream Projects
  Table: South Africa Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (South Africa 2013-2018)
  Table: Oil Production (South Africa 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (South Africa 2013-2018)
  Table: Gas Production (South Africa 2019-2024)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (South Africa 2013-2018)
  Table: Refining Capacity and Refined Products Production (South Africa 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (South Africa 2013-2018)
  Table: Refined Products Consumption (South Africa 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (South Africa 2013-2018)
  Table: Gas Consumption (South Africa 2019-2024)
Trade - Oil
Latest Updates
Structural Trends
Crude Oil
  Table: Crude Oil Net Exports (South Africa 2013-2019)
  Table: Crude Oil Net Exports (South Africa 2019-2024)
Refined Fuels
  Table: Refined Fuels Net Exports (South Africa 2013-2018)
  Table: Refined Fuels Net Exports (South Africa 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (South Africa 2013-2018)
  Table: Gas Net Exports (South Africa 2019-2024)
Industry Risk Reward Index
Africa Oil & Gas Risk/Reward Index
  Table: BMI's Africa Oil & Gas Risk/Reward Index
Above-Ground Risks Dulling Below-Ground Potential
  Table: BMI's Africa Upstream Risk/Reward Index
Downstream Sector Holds Limited Opportunity
  Table: BMI's Africa Downstream Risk/Reward Index
South Africa - Risk/Reward Index
Market Overview
South Africa Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Main Fiscal Terms
Licensing Regime
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
  Table: South Africa Main Refineries
Oil Pipelines
  Table: South Africa Main Oil Pipelines
Oil Trade Facilities
  Table: South Africa Main Oil Trading Facilities
Gas Pipelines
  Table: South Africa Main Gas Pipelines
Oil Storage Facilities
  Table: Oil Storage Main Facilities
Oil Terminals/Ports
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In South African Oil And Gas Sectors
  Table: Key Upstream Player
  Table: Key Downstream Players
Company Profile
Other Summaries
Regional Overview
Africa - Bullish Gas, Bearish Oil
  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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