United Arab Emirates Oil and Gas Report Q3 2014

LONDON, Aug. 11, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

United Arab Emirates Oil and Gas Report Q3 2014

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BMI View:
The UAE has continued its steady recovery from the global financial crisis without any major disruptions. As the political and economic elite were able to successfully return the country towards a stable investment climate, the fruits of these efforts ultimately created the conditions for the UAE to maximize the potential of its significant oil and natural gas reserves. In 2013, according to the country's National Bureau of Statistics (NBS), the UAE's economy grew by over 5%. A major contributing factor cited by the NBS was the country's steadily rising oil exports. This dynamic will bring the UAE that much closer to its target of increasing oil production to 3.6mn barrels per day (b/d) by 2019. We expect steady growth in oil and gas production over the course of our forecast period. Greater attempts at increasing energy efficiency, efforts to reduce waste and increasing natural gas production will be critical to limiting the UAE's import requirement as consumption continues to outstrip demand, even with some USD25bn set to be investment in gas projects in Abu Dhabi alone.

We highlight the following trends and developments in the UAE's oil and gas sector:
- The UAE's upstream investment plan will raise its production capacity while increasing recovery from onshore and offshore fields, resulting in billions in contracts awarded as part of a plan to raise production capacity. Over the next five years, Abu Dhabi is planning to spend USD60bn to raise its production capacity above 3.6mn barrels per day (b/d) by 2019. Given its steady focus on production capacity and investment, BMI believes that the UAE is largely on track to meet this target. However, reports that plans to reach this capacity may be delayed until 2020 as result of delays underscore the risk of such a large investment programme. A new study of the region by Ernst & Young found that the UAE, Oman and Iraq represented almost 60% of the total number of upstream oil and natural gas transactions in the Middle East during 2013.
BMI Industry View . 7
SWOT .. 9
Industry Forecast 11
Oil And Gas Reserves 11
Table: UAE Proven Oil & Gas Reserves And Total Petroleum Data - Historical Data And Forecasts, 2012-2017 11
Table: UAE Proven Oil & Gas Reserves And Total Petroleum Data - Historical Data And Forecasts, 2018-2023 12
Oil Supply And Demand .. 13
Table: UAE Oil Production, Consumption And Net Exports - Historical Data And Forecasts, 2012-2017 . 13
Table: UAE Oil Production, Consumption And Net Exports - Historical Data And Forecasts, 2018-2023 . 14

Refining And Oil Products Trade 19
Table: UAE Refining - Production And Consumption - Historical Data And Forecasts, 2012-2017 19
Table: UAE Refining - Production And Consumption - Historical Data And Forecasts, 2018-2023 20
Gas Supply And Demand . 22
Table: UAE Gas Production, Consumption And Net Exports - Historical Data And Forecasts, 2012-2017 22
Table: UAE Gas Production, Consumption And Net Exports - Historical Data And Forecasts, 2018-2023 23
LNG ... 31
Revenues/Import Costs .... 35
Key Risks To BMI's Forecast Scenario ... 35
Industry Risk/Reward Ratings .... 36
Middle East - Risk/Reward Ratings .... 36
Table: BMI's Middle East Oil & Gas Risk/Reward Ratings (RRRs) . 37
Table: Middle East Upstream Oil & Gas Risk/Reward Rating 39
Table: Middle East Downstream Oil & Gas Risk/Reward Rating 41
UAE - Risk/Reward Ratings .... 43
UAE Upstream Rating .... 43
UAE Downstream Rating . 43
Market Overview . 44
United Arab Emirates Energy Market Overview .. 44
Overview/State Role .. 45
Licensing And Regulation 45
Government Policy .... 48
Fuel Prices .... 48

International Energy Relations ... 49
Oil And Gas Infrastructure 52
Oil Refineries . 52
Table: Refineries In The UAE 52
Oil Pipelines .. 54
Table: UAE Export Terminals 55
LNG ... 55
Table: UAE LNG . 57
Gas Pipelines . 57
Competitive Landscape 59
Competitive Landscape Summary 59
Table: Key Domestic And Foreign Companies In The UAE's Oil & Gas Sector . 60
Company Profile .. 61
Abu Dhabi National Oil Company (ADNOC) . 61
Dolphin Energy 66
Emirates General Petroleum Corporation (Emarat) .. 69
Emirates National Oil Company (ENOC) . 72
ExxonMobil 75
BP .. 77
Total .... 79
Royal Dutch Shell .. 81
Other Summaries ... 83
Regional Overview ... 88

Middle East Energy Market Overview 88
Proven Producers Invest To Lift Oil Output .. 88
OPEC: Major Hurdles Ahead 93
Consuming It All .. 95
Gas Rises, But Consumption Does Too ... 97
Global Industry Overview . 101
Global Energy Market Overview 101
OPEC Reconsiders Modus Operandi ... 103
Production Outages Look Likely To Persist 104
Global Oil Demand Picks Up ... 105
Capex Growth Cycle Shifting Gears 107
Table: BMI Oil Price Forecasts, Annual Average, USD/bbl 107
Appendix .. 110
Middle East - Regional Appendix 110
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d) 110
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d) 111
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d) . 111
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d) 112
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d) . 112
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d) . 113
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm) . 113
Table: Gas Consumption, 2015-2023 (bcm) 114
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm) 114
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm) . 115
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm) 115
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm) . 116
UAE - Refined Products Breakdown, 10-year Forecasts 117
Table: Refined Petroleum Products, Production Breakdown, 2012-2017 117

Table: Refined Petroleum Products, Production Breakdown, 2018-2023 118
Table: Refined Petroleum Products, Consumption Breakdown, 2012-2017 119
Table: Refined Petroleum Products, Consumption Breakdown, 2018-2023 120
Table: Refined Petroleum Products, Net Exports Breakdown . 121
Table: Refined Petroleum Products, Net Exports Breakdown, 2018-2023 122
Table: LPG Production, Consumption and Net Exports, 2012-2017 123
Table: LPG Production, Consumption and Net Exports, 2018-2023 . 123
Glossary ... 125
Table: Glossary Of Terms . 125
Methodology . 127
Industry Forecast Methodology 127
Source ... 129
Risk/Reward Ratings Methodology . 129
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings 131
Table: Weighting 132

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United Arab Emirates Oil and Gas Report Q3 2014

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