Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020

Published: March 2009
No. of Pages: 139
  

Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Qatar. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Qatar. The report also analyses the fiscal regime relevant to the oil assets in Qatar and compares the investment environment in Qatar with other countries in the region. The profiles of the major companies operating in the oil sector in Qatar together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
  • Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
  • Operator and equity details for major oil assets in Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
  • Key information relating to market regulations, key energy assets and the key companies operating in the Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
  • Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
  • Information on the top companies in the Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

  • Gain a strong understanding of the country’s energy market.
  • Facilitate market analysis and forecasting of future industry trends.
  • Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
  • Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
  • Assess your competitor’s major crude oil assets and their performance.
  • Analyze the latest news and financial deals in the oil sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events.
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.

Qatar Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10

2 Qatar Energy Sector 11
2.1 Qatar Energy Sector, Market Overview 11
2.2 Qatar Energy Sector, Crude Oil 12
2.2.1 Qatar Crude Oil, Overview 12
2.2.2 Qatar Crude Oil, Supply and Demand Balance 12
2.2.3 Qatar Crude Oil, Regulatory Structure 18
2.2.4 Qatar Crude Oil, Infrastructure 18

3 Qatar Oil Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 19
3.4 Oil Sector Performance 21
3.4.1 Exploration Activity 23
3.4.2 Oil Production 24
3.4.3 Oil Reserves 24
3.4.4 Oil Consumption 24
3.4.5 Refining Industry 25
3.5 Economic Performance 25
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28
3.6.1 Democracy Index 30
3.6.2 Governance Index 30

4 Qatar Exploration and Production Sector 31
4.1 Qatar Exploration and Production Sector, Country Snapshot 31
4.1.1 Qatar Exploration and Production Sector, Key Data 31
4.1.2 Qatar Exploration and Production Sector, Crude Oil Assets Map 31
4.2 Qatar Exploration and Production Sector, Gross Crude Oil Production 32
4.2.1 Qatar Exploration and Production Sector, Gross Crude Oil-Historical Production 32
4.2.2 Qatar Exploration and Production Sector, Gross Crude Oil Production by Assets 33
4.2.3 Qatar Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 33
4.2.4 Qatar Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 35
4.3 Qatar Exploration and Production Sector, Gross Crude Oil Forecasts 36
4.3.1 Qatar Exploration and Production Sector, Gross Crude Oil Forecasted Production 36
4.3.2 Qatar Exploration and Production Sector, Gross Revenue Forecast 36
4.3.3 Qatar Exploration and Production Sector, Government Take Forecast 37
4.3.4 Qatar Exploration and Production Sector, Contractor Take Forecast 37
4.4 Qatar Exploration And Production Sector, Crude Oil Asset Details 38

5 Qatar Pipeline Sector 39
5.1 Qatar Pipeline Sector, Key Data 39
5.2 Qatar Pipeline Sector, An Overview 39
5.3 Qatar Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 39
5.4 Qatar Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 40
5.5 Qatar Pipeline Sector, Crude Oil Pipelines 41
5.6 Qatar Pipeline Sector, Petroleum Product Pipelines 42

6 Qatar Refining Sector 43
6.1 Qatar Refining Sector, Key Data 43
6.2 Qatar Refining Sector, An Overview 43
6.2.1 Qatar Refining Sector, Total Refining Capacity 43
6.3 Qatar Refining Sector, Capacity- Wise Market Share by Company 44
6.3.1 Qatar Refining Sector, Crude Distillation Unit Capacity 45
6.3.2 Qatar Refining Sector, Fluid Catalytic Cracking Capacity 46

7 Qatar Oil and Chemicals Storage Sector 47
7.1 Qatar Oil and Chemicals Storage Sector, Key Data 47
7.2 Qatar Oil and Chemicals Storage Sector, An Overview 47
7.2.1 Qatar Oil and Chemicals Storage Sector, Total Storage Capacity 47
7.3 Qatar Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 48
7.4 Qatar Oil and Chemicals Storage Sector, Storage Capacity 49

8 Profile of Exxon Mobil Corporation 50
8.1 Exxon Mobil Corporation, Key Information 50
8.2 Exxon Mobil Corporation, Company Overview 50
8.3 Exxon Mobil Corporation, Business Description 50
8.3.1 Exxon Mobil Corporation, Business Description, Overview 50
8.3.2 Exxon Mobil Corporation, Business Description, Chemical 50
8.3.3 Exxon Mobil Corporation, Business Description, Downstream 52
8.3.4 Exxon Mobil Corporation, Business Description, Upstream 53
8.4 Exxon Mobil Corporation, Value Chain Analysis 55
8.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 56
8.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 56
8.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 57
8.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 57
8.5 Exxon Mobil Corporation, SWOT Analysis 58
8.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 58
8.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 59
8.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 61
8.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 62
8.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 63
8.6 Exxon Mobil Corporation, Revenue Analysis 65
8.6.1 Exxon Mobil Corporation, Revenue by Segment 65
8.6.2 Exxon Mobil Corporation, Revenue by Geography 66
8.7 Exxon Mobil Corporation, Financial and Operational Review 67
8.7.1 Financial Statements 67
8.7.2 Financial Ratios 68

9 Profile of BG Group plc 69
9.1 BG Group plc, Key Information 69
9.2 BG Group plc, Company Overview 69
9.3 BG Group plc, Business Description 69
9.3.1 BG Group plc, Business Description, Business Overview 69
9.3.2 BG Group plc, Business Description, Exploration and Production 70
9.3.3 BG Group plc, Business Description, Liquefied Natural Gas 72
9.3.4 BG Group plc, Business Description, Power and Other activities 73
9.3.5 BG Group plc, Business Description, Transmission and Distribution 75
9.3.6 BG Group plc, Business Description, Major Products and Services 76
9.4 BG Group plc, Value Chain Analysis 77
9.4.1 BG Group plc, Value Chain Analysis, Upstream 78
9.4.2 BG Group plc, Value Chain Analysis, Midstream 78
9.4.3 BG Group plc, Value Chain Analysis, Downstream 79
9.5 BG Group plc, SWOT Analysis 80
9.5.1 BG Group plc, SWOT Analysis, Overview 80
9.5.2 BG Group plc, SWOT Analysis, Strengths 80
9.5.3 BG Group plc, SWOT Analysis, Weaknesses 82
9.5.4 BG Group plc, SWOT Analysis, Opportunities 82
9.5.5 BG Group plc, SWOT Analysis, Threats 83
9.6 BG Group plc, Revenue Analysis 84
9.6.1 BG Group plc, Revenue Analysis, Revenue by Segment 84
9.6.2 BG Group plc, Revenue Analysis, Revenue by Geography 85
9.7 BG Group plc, Financial and Operational Review 86
9.7.1 Financial Statements 86
9.7.2 Financial Ratios 87

10 Profile of OMV Aktiengesellschaft 88
10.1 OMV Aktiengesellschaft, Key Information 88
10.2 OMV Aktiengesellschaft, Company Overview 88
10.3 OMV Aktiengesellschaft, Business Description 88
10.3.1 OMV Aktiengesellschaft, Business Description, Business Overview 88
10.3.2 OMV Aktiengesellschaft, Business Description, Exploration and Production 88
10.3.3 OMV Aktiengesellschaft, Business Description, Gas and Power 90
10.3.4 OMV Aktiengesellschaft, Business Description, Refining and Marketing 91
10.3.5 OMV Aktiengesellschaft, Business Description, Major Products and Services 92
10.4 OMV Aktiengesellschaft, Value Chain Analysis 94
10.4.1 OMV Aktiengesellschaft, Value Chain Analysis, Upstream 94
10.4.2 OMV Aktiengesellschaft, Value Chain Analysis Midstream 95
10.4.3 OMV Aktiengesellschaft, Value Chain Analysis, Downstream 96
10.4.4 OMV Aktiengesellschaft, Value Chain Analysis Retail 96
10.5 OMV Aktiengesellschaft, SWOT Analysis 96
10.5.1 OMV Aktiengesellschaft, SWOT Analysis, Overview 96
10.5.2 OMV Aktiengesellschaft, SWOT Analysis, Strengths 97
10.5.3 OMV Aktiengesellschaft, SWOT Analysis, Weaknesses 98
10.5.4 OMV Aktiengesellschaft, SWOT Analysis, Opportunities 98
10.5.5 OMV Aktiengesellschaft, SWOT Analysis, Threats 99
10.6 OMV Aktiengesellschaft, Revenue Analysis 99
10.6.1 OMV Aktiengesellschaft, Revenue by Segment 99
10.6.2 OMV Aktiengesellschaft, Revenue by Geography 100
10.7 OMV Aktiengesellschaft, Financial and Operational Review 102
10.7.1 Financial Statements 102
10.7.2 Financial Ratios 103

11 Financial Deals Landscape 104
11.1 Detailed Deal Summary 104
11.1.1 Acquisition 104
11.1.2 Partnerships 108
11.1.3 Asset Transactions 116

12 Recent Developments 117
12.1 License Awards 117
12.1.1 Nov 17, 2008: Wintershall Wins Another Exploration License In Qatar 117
12.2 Strategy and Business Expansion 118
12.2.1 Mar 16, 2009: Qatargas And Shell Sign MoU For LNG Research 118
12.3 Drilling and Production Updates 118
12.3.1 Mar 10, 2009: Wintershall Provides Production Update 118
12.3.2 Jan 11, 2009: Qatargas Produces 10.09 Million Tonnes Of LNG In 2008 121
12.4 Other Significant Developments 121
12.4.1 Mar 25, 2009: LNG5 And LNG6 Berths To Be Operational By 2011 At Ras Laffan Port, Qatar 121
12.4.2 Mar 21, 2009: Qatar Petroleum And ExxonMobil To Delay Barzan Gas Field Project In Qatar 122
12.4.3 Mar 11, 2009: Qatargas To Start Qatargas 2 Train 4 Shortly 122
12.4.4 Mar 11, 2009: Qatar To Increase LNG Capacity By 2012 123
12.4.5 Mar 11, 2009: RasGas Signs $300 Million EPCM Agreement With Chiyoda 124
12.4.6 Mar 10, 2009: Qatar To Boost Gas Production By 150% 125
12.4.7 Mar 10, 2009: Dolphin Energy Completes Routine Maintenance Program At Ras Laffan In Qatar 125
12.4.8 Mar 09, 2009: Qatar And Iran Comply With Oil Output Cuts 126
12.4.9 Mar 04, 2009: Pakistan Plans To Import LNG From Qatar And Not To Construct IPI Natural Gas Pipeline 126
12.4.10 Feb 23, 2009: Qatar To Supply 1.6 Million Tonnes Of LNG To Kuwait In 2009 127
12.4.11 Feb 16, 2009: Qatar Produces 31 Million Tonnes Of LNG Yearly 129
12.4.12 Feb 11, 2009: RasGas To Bring Train 6 LNG Production Facility Online 129
12.4.13 Feb 09, 2009: Qatar To Achieve 77 Million Tons LNG Capacity By 2012 129
12.4.14 Jan 28, 2009: Qatargas Completes Laffan Refinery In Qatar 130
12.4.15 Jan 23, 2009: Hungary And Qatar In Discussions On LNG Supply To Europe 130
12.4.16 Jan 19, 2009: Qatargas Resumes Operations At Its LNG Plant 131
12.4.17 Jan 15, 2009: India Seeks Additional LNG From Qatar 131
12.4.18 Jan 15, 2009: Qatargas Stops Production At Qatargas 1 Plant Due To Mechanical Problem 132
12.4.19 Jan 11, 2009: Qatar Petroleum Invites IOCs For Fifth Deep Gas Block 133
12.4.20 Jan 04, 2009: Qartargas And Nakilat Take Delivery Of Lijmiliya LNG Carrier 133
12.5 New Contracts Announcements 133
12.5.1 Mar 03, 2009: CNOOC Signs Four-Year Supply Contract With Foshan LNG 133
12.5.2 Dec 03, 2008: Ramboll Secures Contract From Doha For Qatari Oil Terminal 134

13 Appendix 135
13.1 Methodology 135
13.1.1 Coverage 135
13.1.2 Secondary Research 136
13.1.3 Primary Research 136
13.1.4 E&P Forecasts 137
13.1.5 Midstream Forecasts 138
13.1.6 Expert Panel Validation 138
13.2 Contact Us 139
13.3 About GlobalData 139
13.4 Disclaimer 139

1.1 List of Tables
Table 1: Qatar, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Qatar, Historical and Forecasted Exports of Crude Oil, 1996-2020 15
Table 3: Qatar, Historical Reserves of Crude Oil, 1996-2008 17
Table 4: Middle East, Investment Benchmarking, Overall Country Rankings, 2008 19
Table 5: Middle East, Investment Benchmarking, Oil Sector Performance, 2008 21
Table 6: Middle East, Investment Benchmarking, Economic Performance, 2008 26
Table 7: Middle East, Country Standings, Economic Performance, 2008 26
Table 8: Middle East, Investment Benchmarking, Socio-Political Performance, 2008 28
Table 9: Middle East, Country Standings, Socio-Political Performance, 2008 29
Table 10: Qatar, Crude Oil Key Statistics, 2008 31
Table 11: Qatar, Total Gross Crude Oil Production (MMBBLs), 2001-2008 32
Table 12: Qatar, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 33
Table 13: Qatar, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 33
Table 14: Denmark, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 35
Table 15: Qatar, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 36
Table 16: Qatar, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 36
Table 17: Qatar, Projected Assets-wise Total Government Take (000'$), 2009-2014 37
Table 18: Qatar, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 37
Table 19: Qatar, Active Oil Field Assets Details 38
Table 20: Qatar, Pipeline Key Statistics, 2008 39
Table 21: Qatar, Crude Oil Pipeline Length by Company (Km), 2008 39
Table 22: Qatar, Petroleum Product Pipeline Length by Company (Km), 2008 40
Table 23: Qatar, Crude Oil Pipelines, 2008 41
Table 24: Qatar, Petroleum Product Pipelines, 2008 42
Table 25: Qatar, Refinery Key Statistics, 2008 43
Table 26: Qatar, Total Refining Capacity (MMTPA), 2000- 2013 43
Table 27: Qatar, Refining Capacity Company-wise (MMTPA), 2000-2013 44
Table 28: Qatar, Crude Distillation Unit Capacity (MMTPA), 2000-2013 45
Table 29: Qatar, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 46
Table 30: Qatar, Oil Storage Key Statistics, 2008 47
Table 31: Qatar, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 47
Table 32: Qatar, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 48
Table 33: Qatar, Storage Capacity (Thousand M3), 2000-2013 49
Table 34: Exxon Mobil Corporation, Key Facts 50
Table 35: Exxon Mobil Corporation, SWOT Analysis 58
Table 36: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 65
Table 37: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 66
Table 38: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 67
Table 39: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 68
Table 40: BG Group plc, Key Facts 69
Table 41: BG Group plc, SWOT Analysis 80
Table 42: BG Group plc, Revenue by Segment, GBP Million, 2003-2007 84
Table 43: BG Group plc, Revenue by Geography, GBP Million, 2003-2007 85
Table 44: BG Group plc, Financial Statements, GBP Million, 2003-2007 86
Table 45: BG Group plc, Financial Ratios, GBP Million, 2003-2007 87
Table 46: OMV Aktiengesellschaft, Key Facts 88
Table 47: OMV Aktiengesellschaft, SWOT Analysis 97
Table 48: OMV Aktiengesellschaft, Revenue by Segment, Euro Million, 2003-2007 100
Table 49: OMV Aktiengesellschaft, Revenue by Geography, Euro Million, 2003-2007 101
Table 50: OMV Aktiengesellschaft, Financial Statements, Euro Million, 2003-2007 102
Table 51: OMV Aktiengesellschaft, Financial Ratios, Euro Million, 2003-2007 103
Table 52: CPC Acquires 5% Interest In Ras Laffan And RasGas II 104
Table 53: Occidental Petroleum Acquires Anadarko Qatar Energy Company And Anadarko Resources From Anadarko Petroleum 105
Table 54: Total Acquires 16.7% Equity Interest In Qatargas II 106
Table 55: Marubeni, Idemitsu Kosan, Cosmo Oil And Mitsui & Co. Acquire Stakes In Laffan Refinery 107
Table 56: CDI Forms Joint Venture With Emtiaz Engineering 108
Table 57: Eni Partners With Qatar Petroleum International 109
Table 58: Qatar Petroleum And Gaz de France Form Partnership 110
Table 59: ConocoPhillips Signs MoU With Qatar Petroleum 111
Table 60: Pertamina, Cosmo Energy And Wintershall Form Partnership 112
Table 61: Qatar Petroleum Forms A Joint Venture With Royal Dutch Shell 113
Table 62: Qatar Petroleum Forms A Joint Venture With Exxon Mobil 114
Table 63: Norsk Hydro Forms Joint Venture With Qatar Petroleum 115
Table 64: Total Acquires 8.35% Stake In South Hook LNG 116

1.2 List of Figures
Figure 1: Qatar, Energy Sector Break-Up, 2008 11
Figure 2: Qatar, Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 14
Figure 3: Qatar, Crude Oil Exports (Thousand Barrels Per Day), 1996-2020 16
Figure 4: Qatar, Crude Oil Reserves (Million Barrels), 1996-2008. 17
Figure 5: Middle East, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 22
Figure 6: Middle East, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 23
Figure 7: Middle East, Country Standings, Exploration Blocks Awarded, 2008 24
Figure 8: Middle East, Country Standings, Economic Performance, 2008 27
Figure 9: Middle East, Country Standings, Socio-Political Performance, 2008 29
Figure 10: Qatar, Crude Oil Assets Map, 2008 31
Figure 11: Qatar, Total Gross Crude Oil Production (MMBBLs), 2001-2008 32
Figure 12: Qatar, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 34
Figure 13: Qatar, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 35
Figure 14: Qatar, Crude Oil Pipeline Length by Company (Km), 2008 40
Figure 15: Qatar, Total Refining Capacity (MMTPA), 2000- 2013 44
Figure 16: Qatar, Refining Capacity Company-wise (MMTPA), 2013 45
Figure 17: Qatar, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 48
Figure 18: Exxon Mobil Corporation, Value Chain Analysis 55
Figure 19: BG Group plc, Value Chain Analysis 77
Figure 20: OMV Aktiengesellschaft, Value Chain Analysis 94
Figure 21: GlobalData Methodology 135

Published By: GlobalData
Product Code: GlobalData1563


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