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Angola Oil & Gas Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Angola Oil & Gas Report
- Independent 10-year oil and gas industry forecasts for Angola .
- Original oil and gas market research and oil and gas sector trend analysis for Angola ’s oil and gas industry.
- Competitive intelligence, Angolan oil and gas company rankings and SWOT analyses on international and domestic oil and gas companies in Angola .
The Angola Oil & Gas Report has been researched at source in 2008, and features latest available data and forecasts for Angola to end- covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in Angola , refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within Angola .
Business Monitor International's Angola Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Angolan oil and gas industry.
Key Benefits of Report
- Benchmark BMI’s Independent 10-Year Oil & Gas Industry Forecast for Angola to test consensus views - a key input for successful budgeting and strategic business planning in the Angolan oil and gas market.
- Target Business Opportunities & Risks in the Angolan Oil & Gas Sector through reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Angola .
- Exploit The Latest Competitive Angolan Oil & Gas Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multi national and national companies in Angola .
Coverage
Executive Summary
Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand, refining, coal and power, and primary energy, plus analysis of landmark company developments and key changes in the regulatory environment.
Regional Overview
Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.
Business Environment Rankings
A unique comparative study undertaken by BMI on the relative business climates across all regional markets covered. A rankings table highlights the merits of each market from an investor angle, giving scores for indicators such as Oil & Gas Supply and Demand Growth, Oil & Gas Reserves, Licensing Framework and the local Competitive Environment, as well as Economic and Political Risk.
Oil Market Outlook
BMI analyses and forecasts oil prices out to , monitoring supply and demand in terms of oil production and consumption across the region.
BMI 10-Year Industry Forecast
Historic data series and 10-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
- Oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (000 b/d)
- Oil exports (000 b/d), value of oil exports (US$mn - BMI base case) - Oil price (US$/bbl, OPEC basket)
- Value of oil exports at constant US$30/bbl and constant US$60/bbl (US$mn)
- Proven gas reserves (tcm), production and consumption (bcm)
- Gas exports/(imports) (bcm)
- Value of gas exports/(imports) (US$mn); value of gas exports/(imports) at constant US$30/bbl and US$60/bbl (US$mn)
- Value of petroleum exports (US$mn); value of petroleum exports at constant US$30/bbl and US$60/bbl (US$mn)
BMI 10-Year Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Competitive Landscape & Rankings
Comparative company analyses and rankings by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, oil production (‘000 b/d) and % market share, downstream capacity (‘000 b/d) and % market share.
Company Profiles & SWOTS
Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects.
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Angola Oil & Gas Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - Executive Summary |
Chapter - Angola SWOT Analysis |
| Angola Political SWOT |
| Angola Economic SWOT |
| Angola Business Environment SWOT |
Chapter - Angola Energy Market Overview |
Chapter - Regional Market Overview |
| Oil Supply And Demand |
| Table: Africa Oil Consumption (000b/d) |
| Table: Africa Oil Production (000b/d) |
| Oil: Downstream |
| Table: Africa Oil Refining Capacity (000b/d) |
| Gas Supply And Demand |
| Table: Africa Gas Consumption (bcm) |
| Table: Africa Gas Production (bcm) |
| Liquefied Natural Gas |
| Table: Africa LNG Exports/(Imports) (bcm) |
Chapter - Business Environment Ranking |
| Africa Region |
| Composite Scores |
| Table: Regional Upstream Business Environment Rating |
| Table: Regional Downstream Business Environment Rating |
| Upstream Scores |
| Downstream Scores |
| Angola Upstream Rating ''“ Overview |
| Angola Upstream Rating ''“ Potential Returns |
| Angola Upstream Rating ''“ Risks To Potential Returns |
| Angola Downstream Rating ''“ Overview |
| Angola Downstream Rating ''“ Potential Returns |
| Angola Downstream Rating ''“ Risks To Potential Returns |
Chapter - Business Environment |
| Legal Framework |
| Infrastructure |
| Labour Force |
| Foreign Investment Policy |
| Tax Regime |
| Security Risk |
Chapter - Industry Forecast Scenario |
| Oil & Gas Reserves |
| Oil Supply & Demand |
| Gas Supply & Demand |
| LNG |
| Refining & Oil Products Trade |
| Revenues/Import Costs |
| Table: Angola Oil & Gas ''“ Historical Data & Forecasts |
| Other Energy |
| Table: Angola Other Energy ''“ Historical Data & Forecasts |
| Key Risks To BMI'''s Forecast Scenario |
| Long-Term Oil & Gas Outlook |
Chapter - Macroeconomic Outlook |
| Table: Angola - Economic Activity |
Chapter - Competitive Landscape |
Executive Summary |
| Table: Key Players ''“ Angolan Oil & Gas Sector |
| Overview/State Role |
| Table: Key Upstream Players |
| Table: Key Downstream Players |
Chapter - Company Monitor |
| Sociedade Nacional de CombustÃveis de Angola (Sonangol) |
| Chevron |
| Esso Exploration Angola |
| BP Angola |
| Total Exploration Angola |
| Eni Angola Production |
| StatoilHydro ''“ Summary |
| Petrobras ''“ Summary |
| Marathon Oil ''“ Summary |
| Cobalt International Energy ''“ Summary |
| Others ''“ Summary |
Chapter - Glossary of Terms |
Chapter - Oil & Gas Ratings: Revised Methodology |
| Introduction |
| Ratings Overview |
| Table: BMI Oil & Gas Business Environment Ratings: Structure |
| Indicators |
| Table: BMI Oil & Gas Business Environment Upstream Ratings: Methodology |
| Table: BMI Oil & Gas Business Environment Downstream Ratings: Methodology |
Chapter - Oil & Gas Outlook: Long-Term Forecasts |
| Regional Oil Demand |
| Table: Africa Oil Consumption (000b/d) |
| Regional Oil Supply |
| Table: Africa Oil Production (000b/d) |
| Regional Refining Capacity |
| Table: Africa Oil Refining Capacity (000b/d) |
| Regional Gas Demand |
| Table: Africa Gas Consumption (bcm) |
| Regional Gas Supply |
| Table: Africa Gas Production (bcm) |
| Angola Country Overview |
| Methodology & Risks To Forecasts |
Chapter - BMI Forecast Modelling |
| How we generate our industry forecasts |
| Energy Industry |
| Cross checks |
| Sources |
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Angola Oil & Gas Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The latest Angola Oil & Gas Report from BMI forecasts that the country will account for 3.83% of African regional oil demand by 2013, while providing 19.53% of supply. African regional oil use of 2.98mn barrels per day (b/d) in 2001 rose to an estimated 3.65mn b/d in 2008. It should average 3.69mn b/d in 2009 and then rise to around 4.08mn b/d by 2013. Regional oil production was 7.84mn b/d in 2001, and in 2008 averaged an estimated 10.20mn b/d. It is set to rise to 11.78mn b/d by 2013. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 4.86mn b/d. This total had risen to an estimated 6.54mn b/d in 2008 and is forecast to reach 7.70mn b/d by 2013. Angola has the greatest production growth potential, with Nigerian exports set to soar if it can resolve recent quasi-political issues.
With regard to natural gas, the region in 2008 consumed an estimated 107bn cubic metres (bcm), with demand of 177bcm targeted for 2013. Production of an estimated 211bcm in 2008 should reach 356bcm in 2013, which implies net exports rising from an estimated 104bcm in 2008 to 179bcm by the end of the period. Angola in 2008 consumed an estimated 3.26% of the region’s gas, while producing just 1.66%. By 2013, we expect its share of consumption to be 4.54%, with a 4.21% contribution to regional gas production.
In terms of the OPEC basket of crudes, the average price in Q109 was an estimated US$45.78 per barrel (bbl), down 13% from the US$52.51/bbl recorded during the previous three months. During the second quarter, there has been little change to our view of oil market developments. BMI is forecasting an average OPEC basket price of US$51.30/bbl, with the March gains being retained in April, before further recovery to a possible US$57.00 by June. For 2009, we are still assuming an average OPEC basket price of US$52.00/bbl (-45% year-on-year). The BMI full year forecast implies Brent crude at US$53.73, WTI averaging US$54.90/bbl and Urals at US$52.66 for 2009.
For the whole of 2009, the BMI assumption for gasoline is an average US$56.89/bbl, with the price peaking at a forecast monthly average of US$64.75 in December 2009. The overall y-o-y fall in 2009 gasoline prices is put at 44.1%. For gasoil in 2009, the BMI forecast is for an average price of US$69.35/bbl, assuming a monthly high of US$94.48/bbl in December.
The full-year outturn represents a 42.8% fall from the 2008 level. The monthly average jet fuel price is forecast to range from US$53.75 in February to US$96.76/bbl in December, proving an annual level of US$71.78/bbl. This compares with US$124.95/bbl in 2008.
Angolan real GDP is now forecast by BMI to decline by 0.8% in 2009, following growth of 15.2% in 2008. We are assuming 6.9% growth in 2010, 6.0% in 2011, 3.9% in 2012, followed by 5.1% in 2013. Healthy economic growth is exceeded by spectacular oil demand growth, albeit from a low base.
Consumption is set to rise from an estimated 81,000b/d in 2008 to 156,000b/d by 2013. State oil company Sonangol operates in partnership with various international oil companies (IOCs) and now accounts for less than 40% of the country’s oil output. Thanks largely to IOC investment, oil output is forecast to increase from an estimated 1.85mn b/d in 2008 to 2.30mn b/d in 2013, with exports heading towards 2.14mn b/d. Project slippage, brought about by lower oil prices, has weakened the volume growth trend – with Angola’s new-found OPEC membership also posing problems in terms of production quotas. Gas production of an estimated 3.5bcm in 2008 should reach 15.0bcm by 2013. Consumption is expected to rise to 8.1bcm by the end of the forecast period, providing export potential of around 7.0bcm.
Between 2008 and 2018, we are forecasting an increase in Angolan oil and gas liquids production of 21.6%, with volumes peaking at 2.55mn b/d in 2015, before slipping steadily to 2.25mn b/d by the end of the 10-year forecast period. Oil consumption between 2008 and 2018 is set to increase by 342.8%, with growth slowing to an assumed 15.0% per annum towards the end of the period and the country using 357,000b/d by 2018. Gas production is expected to rise to 33bcm by the end of the period. With demand rising by 362.6% between 2008 and 2018, there should be export potential increasing to 17bcm, in the form of LNG. Details of BMI’s 10-year forecasts can be found in the appendix to this report.
Angola occupies fifth place in BMI’s updated Upstream Business Environment rating, although just two points behind Gabon and therefore capable of a move higher. The country’s score benefits from an excellent oil and gas output growth outlook, respectable proven reserves, a large number of non state companies active in the upstream sector and decent licensing terms. There is little threat from Algeria two points below it. The country is near the bottom of the league table in BMI’s updated Downstream Business Environment rating, with few high scores and progress further up the rankings unlikely over the near term. It is now ranked ninth, ahead only of Equatorial Guinea thanks to low scores for refining capacity, oil and gas consumption, and private company competition in the downstream segment.
|
Angola Oil & Gas Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Congo, Egypt, Equatorial Guinea, Gabon, Libya, Nigeria, South Africa and Sudan |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Trinidad & Tobago |
Europe |
| Azerbaijan, Belgium, Bulgaria, Croatia, Czech Republic, France, Germany, Greece, Hungary, Italy, Kazakhstan, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Spain, Turkmenistan, Ukraine and United Kingdom |
Latin America |
| Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela |
Middle East |
| Bahrain, Iran, Iraq, Israel, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
North America |
| Canada and United States |
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