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Equatorial Guinea Oil and Gas Report Q1 2016

Equatorial Guinea Oil and Gas Report Q1 2016

BMI View: Equatorial Guinea's oil output will continue to see marginal gains in 2015 on the back ofseveral smaller projects. However, maturing fields and lack of new significant discoveries will continue topush the production volumes lower after 2015. Ophir's Fortuna FLNG project will be the most importantupside to the country's gas production and net exports. While the company targets FID by mid-2016, wehighlight increasing downside risk to the project due to slowing global demand for LNG and the large waveof LNG projects coming online within the coming years.

Key Trends And Developments

Equatorial Guinea is forecast to see its oil and gas reserves dwindle over our forecast period to 2024 dueto maturing fields and lack of new significant discoveries. There are upside risks to this rather bearishforecast coming from a string of recent exploration activities offshore, as well as the new reduced-oilprice environment attracting investors to lower-risk and lower-cost ventures.

In mid-January 2015, the Equatoguinean government ratified the production sharing contract for BlockEG-06, signed with ExxonMobil and GEPetrol.


BMI Industry View
Table: Headline Forecasts (Equatorial Guinea 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
Table: Equatorial Guinea Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Equatorial Guinea 2013-2018)
Table: Oil Production (Equatorial Guinea 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (Equatorial Guinea 2013-2018)
Table: Gas Production (Equatorial Guinea 2019-2024)
Refining
Latest Updates
Structural Trends
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption (Equatorial Guinea 2013-2018)
Table: Refined Products Consumption (Equatorial Guinea 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Equatorial Guinea 2013-2018)
Table: Gas Consumption (Equatorial Guinea 2019-2024)
Trade - Oil
Crude Oil Trade Forecasts
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Equatorial Guinea 2013-2018)
Table: Crude Oil Net Exports (Equatorial Guinea 2019-2024)
Refined Products Trade Forecasts
Table: Refined Fuels Net Exports (Equatorial Guinea 2013-2018)
Table: Refined Fuels Net Exports (Equatorial Guinea 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Equatorial Guinea 2013-2018)
Table: Gas Net Exports (Equatorial Guinea 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
Equatorial Guinea Risk/Reward Index
Equatorial Guinea Upstream Index - Overview
Equatorial Guinea Downstream Index - Overview
Market Overview
Equatorial Guinea Energy Market Overview
Regulatory Structure
Fiscal Regime
Table: Equatorial Guinea Upstream Tax Regime
Licensing Regime
Table: Equatorial Guinea - Contracts And Licensing Regime
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
Table: Downstream Projects
Oil Storage Facilities
Oil Terminals And Ports
LNG Terminals
Table: Equatorial Guinea LNG Infrastructure
Oil And Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Equatorial Guinea Energy Sector
Company Profile
GEPetrol
ExxonMobil
Marathon Oil
Other Summaries
Regional Overview
Africa - Bullish Gas, Bearish Oil
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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