South Africa Oil and Gas Report Q2 2016

Date: April 6, 2016
Pages: 85
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S8AE22D5576EN

Download PDF Leaflet

South Africa Oil and Gas Report Q2 2016
Includes 3 FREE quarterly updates

BMI View: Our outlook for the South African upstream sector remains heavily bearish. Exploration has stuttered due to the collapse of oil prices and the high cost of deepwater drilling and unconventional exploration in the country. The government has yet to finalise amendments to its petroleum bill and a high degree of regulatory and fiscal uncertainty is also warding off investors. The downstream sector is structurally weak and is unlikely to improve due to its ageing and low complexity capacity, domestic fuel price subsidisation and pullback of foreign investment.

Latest Updates & Key Trends:
  • There has been significant concern surrounding the mineral and petroleum development amendment billŠ± 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.
  • Coal-bed methane (CBM) offers upside risk to production, with Australian company Kinetiko reporting positive drilling results at its pilot project in Amersfoort.
BMI Industry View
  Table: Headline Forecasts (South Africa 2014-2020)
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 2014-2019)
  Table: Oil Production (South Africa 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (South Africa 2014-2019)
  Table: Gas Production (South Africa 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (South Africa 2014-2019)
  Table: Refining Capacity and Refined Products Production (South Africa 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (South Africa 2014-2019)
  Table: Refined Products Consumption* (South Africa 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (South Africa 2014-2019)
  Table: Gas Consumption (South Africa 2020-2025)
Trade - Oil
Latest Updates
Structural Trends
Crude Oil
  Table: Crude Oil Net Exports (South Africa 2014-2020)
  Table: Crude Oil Net Exports (South Africa 2020-2025)
Refined Fuels
  Table: Refined Fuels Net Exports (South Africa 2014-2019)
  Table: Refined Fuels Net Exports (South Africa 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (South Africa 2014-2019)
  Table: Gas Net Exports (South Africa 2020-2025)
Industry Risk Reward Index
Africa - Oil & Gas Risk/Reward Index
  Table: BMI Africa Oil & Gas Risk/Reward Index
Above-Ground Risks Dulling Below-Ground Potential
  Table: BMI Africa Upstream Risk/Reward Index
Downstream Sector Holds Limited Opportunity
  Table: BMI 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: Africa Oil & Gas Production, Consumption, Refining Capacity And Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
Skip to top

Ask Your Question

South Africa Oil and Gas Report Q2 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: