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Romania Oil and Gas Report Q2 2015

Romania Oil and Gas Report Q2 2015

BMI View: ExxonMobil has completed the Domino-2 appraisal well and is awaiting analysis. Meanwhile itspud the Pelican South-1 well also in the Neptun block. The results of exploration efforts in the Black Seahave the potential to transform upstream gas production, while redevelopments and EOR are boosting oil.

Upgrades are helping to improve efficiencies in the refining sector, though a weak demand market andalleged corruption highlight the ongoing challenges.

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

Fuel prices in Romania fell 20% in 2014. As a result we expect to see growth in refined product demandin 2015 - albeit marginal - for the first time in six years.


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)
Upstream Projects
Table: Romania Major Upstream Projects
Upstream Production - Oil
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
Table: Refining Capacity and Refined Products Production (Romania 2013-2018)
Table: Refining Capacity and Refined Products Production (Romania 2019-2024)
Refined Fuels Consumption
Table: Refined Products Consumption* (Romania 2013-2018)
Table: Refined Products Consumption* (Romania 2019-2024)
Gas Consumption
Table: Gas Consumption (Romania 2013-2018)
Table: Gas Consumption (Romania 2019-2024)
Trade - Oil
Table: Crude Oil Net Exports (Romania 2013-2018)
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)
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: High Risk, Low Reward
Table: Central And Eastern Europe Risk/Reward Index
Upstream: Above-Ground Risks Limit Caspian And Russia
Regional Minnows Breaking Through
Table: CEE Upstream Risk/Reward Index
Downstream: Turkey Offers 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
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Romania Oil And 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
CEE Oil Production: Russia Dominates, Caspian To Lead Growth
CEE Oil Consumption: Regional Demand Increasing
CEE Refining Capacity: Outlook Remains Weak
CEE Natural Gas Production: Russia, Caspian Gas Firing China
CEE Gas Consumption: Soft Demand Supports Exports
Global Industry Overview
Global Industry Overview - 5 Themes For 2015: Oil & Gas
Table: LNG Export Terminals At Pre-FID Stage
Appendix
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
Table: Energy Price Forecasts, 2013-2018
Table: Energy Price Forecasts, 2018-2023
Central And Eastern Europe - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
Romania - Total Hydrocarbons, 10-year Forecasts
Table: Total Hydrocarbons Production, Consumption and Net Exports (Romania 2013-2018)
Table: Total Hydrocarbons Production, Consumption and Net Exports (Romania 2019-2024)
Romania - Refined Products Breakdown, 10-year Forecasts
Table: Refined Petroleum Products, Production Breakdown (Romania 2013-2018)
Table: Refined Petroleum Products, Production Breakdown (Romania 2019-2024)
Table: Refined Petroleum Products, Consumption Breakdown (Romania 2013-2018)
Table: Refined Petroleum Products, Consumption Breakdown (Romania 2019-2024)
Table: Refined Petroleum Products, Net Exports Breakdown (Romania 2013-2018)
Table: Refined Petroleum Products, Net Exports Breakdown (Romania 2019-2024)
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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