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Romania Oil and Gas Report Q1 2016

Romania Oil and Gas Report Q1 2016

BMI View: Field redevelopments will prop up oil and gas production to 2017 with longer-term growthdriven by Black Sea projects. Refinery output and fuels demand have both improved on the back of lower oilprices.

The main trends and developments for Romania's oil and gas sector are:

OMV Petrom is conducting an extensive redevelopment of 12 oil and gas fields in order to mitigateproduction decline. We forecast crude oil production to fall 1.5% in 2015.

OMV committed USD42mn to well workovers and infill drilling on the Independenta oil field.

Romania's refiners have benefited from higher margins over 2015, with refined products production uparound 7% on 2014.

Fuels demand has increased 3.9% on 2014 through August, with demand for diesel particularly strong.

The conclusion of the ExxonMobil/OMV Neptun Block drilling programme should support a finalinvestment decision on the Domino project in 2016. This could make Romania a net gas exporter from2020.


BMI Industry View
Table: Headline Forecasts (Romania 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Proven Oil and Gas Reserves (Romania 2013-2018)
Table: Proven Oil and Gas Reserves (Romania 2019-2024)
Latest Updates
Structural Trends
Upstream Projects
Table: Romania Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Romania 2013-2018)
Table: Oil Production (Romania 2019-2024)
Upstream Production - Gas
Table: Gas Production (Romania 2013-2018)
Table: Gas Production (Romania 2019-2024)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (Romania 2013-2018)
Table: Refining Capacity and Refined Products Production (Romania 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption* (Romania 2013-2018)
Table: Refined Products Consumption* (Romania 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Romania 2013-2018)
Table: Gas Consumption (Romania 2019-2024)
Trade - Oil
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Romania 2013-2019)
Table: Crude Oil Net Exports (Romania 2019-2024)
Table: Refined Fuels Net Exports (Romania 2013-2018)
Table: Refined Fuels Net Exports (Romania 2019-2024)
Table: Total Net Oil Exports - Crude and Products (Romania 2013-2018)
Table: Total Net Oil Exports - Crude and Products (Romania 2019-2024)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Romania 2013-2018)
Table: Gas Net Exports (Romania 2019-2024)
Industry Risk Reward Ratings
Central And Eastern Europe Oil & Gas Risk/Reward Index
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Index
Upstream: China Still The Target Market
Table: CEE Upstream Risk/Reward Index
Downstream: Turkish STAR Only Bright Spot In Weak Market
Table: CEE Downstream Risk/Reward Index
Romania Risk/Reward Index
Romania Upstream Index - Overview
Romania Upstream Index - Rewards
Romania Upstream Index - Risks
Romania Downstream Index - Overview
Market Overview
Romania Energy Market Overview
Licensing And Regulation
Fiscal Regime
Table: Key Tax Rates Of Romanian Oil And Gas
Government Policy
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Romania
Service Stations
Oil Terminals
Oil Pipelines
Gas Storage
Gas Pipelines
Table: International Natural Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Romania Oil & Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
OMV Petrom
Romgaz
Lukoil
Rompetrol
Other Summaries
Regional Overview
Central And Eastern Europe Oil & Gas Regional Overview
Oil Production: Caspian Remains Centre Of Growth
Oil Consumption: Fuels Demand Gradually Strengthening
Refining Capacity: Modernisation Over Capacity Additions
Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
Table: Central Asia-China Gas Pipeline Expansions
Gas Consumption: Demand Falters On Struggling Economies
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & 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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