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Egypt Oil and Gas Report Q2 2016

Egypt Oil and Gas Report Q2 2016

BMI View: Pledged investment in upstream developments and LNG imports will be crucial to meeting gasdemand over the next five years, while the Zohr discovery could solve Egypt's gas challenges in the longterm. Policy slippage with subsidy reform and payment schedules to oil and gas companies, pose the largestrisk to slowing the positive momentum.We highlight the following trends and developments in Egypt's oil and gas sector:

Eni successfully completed the first appraisal well on the Zohr field in March 2016, and is planning afurther three wells in the appraisal programme.

Oil production grew marginally at 1% to 685,000b/d in 2015, though has been on a down trend sinceAugust 2015.

Gas production fell 9.3% in 2015 to 44.3bcm, though we expect a recovery in output in 2017.

BP brought forward the start date of the West Nile Delta project six months to early 2017.

Refined fuels demand increased 3%, despite subsidy reforms in 2014. Gasoline and diesel saw 10% and14% growth y-o-y, respectively.

Fuel subsidies will only be reduced 30% by 2020, rather than fully normalised with global pricespreviously planned. This may support stronger long-term consumption.

Technip will be undertaking a modernisation programme at the Assuit refinery and a 60,000b/dexpansion at the MIDOR refinery, with reported support from Italy.


BMI Industry View
Table: Headline Forecasts (Egypt 2014-2020)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Wellhead Gas Prices
Upstream Projects
Table: Key Upstream Oil And Gas Projects In Egypt
Upstream Production - Oil
Table: Oil Production (Egypt 2014-2019)
Table: Oil Production (Egypt 2020-2025)
Upstream Production - Gas
Latest Updates
Table: Gas Production (Egypt 2014-2019)
Table: Gas Production (Egypt 2020-2025)
Refining
Table: Refining Capacity and Refined Products Production (Egypt 2014-2019)
Table: Refining Capacity and Refined Products Production (Egypt 2020-2025)
Refined Fuels Consumption
Table: Refined Products Consumption (Egypt 2014-2019)
Table: Refined Products Consumption (Egypt 2020-2025)
Gas Consumption
Table: New Natural Gas Subsidies For Grid Connected Users
Table: Gas Consumption (Egypt 2014-2019)
Table: Gas Consumption (Egypt 2020-2025)
Trade - Oil
Table: Crude Oil Net Exports (Egypt 2014-2020)
Table: Crude Oil Net Exports (Egypt 2020-2025)
Table: Refined Fuels Net Exports (Egypt 2014-2019)
Table: Refined Fuels Net Exports (Egypt 2020-2025)
Table: Total Net Oil Exports - Crude and Products (Egypt 2014-2019)
Table: Total Net Oil Exports - Crude and Products (Egypt 2020-2025)
Trade - Gas (Pipeline And LNG)
Table: Gas Net Exports (Egypt 2014-2019)
Table: Gas Net Exports (Egypt 2020-2025)
Oil & Gas 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
Egypt - Risk/Reward Index
Market Overview
Egypt Energy Market Overview
Regulation
Political Regime
Fiscal Regime
Table: Egyptian Tax Regime
Licensing Rounds
Table: 2015 Offshore Blocks Awarded
Table: Onshore And Offshore International Bid Round 2013 Awards
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Egypt
Service Stations
Oil Storage Facilities
Oil Terminals/Ports
Oil Pipelines
LNG Terminals
Table: LNG Export Terminals In Egypt
Table: LNG Import Terminals
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Egyptian Energy Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Apache Energy
BG Egypt
BP Egypt
Dana Gas
Edison
Egyptian General Petroleum Corporation
Eni Egypt
L1 Energy Dea
Shell Egypt
Other Summaries
Regional Overview
Africa - Bullish Gas, Bearish Oil
Table: Africa Oil & Gas Production, Consumption, Refining Capacity And Trade
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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