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

Azerbaijan 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 Azerbaijan. 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 Azerbaijan. The report also analyses the fiscal regime relevant to the oil assets in Azerbaijan and compares the investment environment in Azerbaijan with other countries in the region. The profiles of the major companies operating in the oil sector in Azerbaijan 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 Azerbaijan Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
- Operator and equity details for major oil assets in Azerbaijan 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 Azerbaijan 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 Azerbaijan 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.

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Azerbaijan, Energy Sector 11
2.1 Azerbaijan Energy Sector, Market Overview 11
2.2 Azerbaijan Energy Sector, Crude Oil 12
2.2.1 Azerbaijan Crude Oil, Overview 12
2.2.2 Azerbaijan Crude Oil, Supply and Demand Balance 12
2.2.3 Azerbaijan Crude Oil, Regulatory Structure 18
2.2.4 Azerbaijan Crude Oil, Infrastructure 18
3 Azerbaijan Fiscal Regime 20
3.1 Azerbaijan Petroleum Fiscal Environment 20
3.2 License Terms 20
3.3 Key Fiscal Terms 21
3.4 Sample Cashflows Calculations 23
4 Azerbaijan Oil Upstream Investment Environment Benchmarking 24
4.1 Introduction 24
4.2 The Overall Ranking 24
4.3 Upstream Fiscal Attractiveness 25
4.3.1 Maximum Government Take Index 26
4.3.2 Maximum State Participation 26
4.4 Oil Sector Performance 27
4.4.1 Exploration Activity 28
4.4.2 Oil Production 29
4.4.3 Oil Reserves 29
4.4.4 Oil Consumption 29
4.4.5 Refining Industry 30
4.5 Economic Performance 30
4.5.1 GDP Growth Index 32
4.5.2 FDI Confidence Index 32
4.5.3 Balance of Trade Index 32
4.6 Socio-Political Performance 32
4.6.1 Democracy Index 34
4.6.2 Governance Index 34
5 Azerbaijan Exploration and Production Sector 35
5.1 Azerbaijan Exploration and Production Sector, Country Snapshot 35
5.1.1 Azerbaijan Exploration and Production Sector, Key Data 35
5.1.2 Azerbaijan Exploration and Production Sector, Crude Oil Assets Map 35
5.2 Azerbaijan Exploration and Production Sector, Gross Crude Oil Production 36
5.2.1 Azerbaijan Exploration and Production Sector, Gross Crude Oil Historical Production 36
5.2.2 Azerbaijan Exploration and Production Sector, Gross Crude Oil Production by Assets 37
5.2.3 Azerbaijan Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 37
5.2.4 Azerbaijan Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 39
5.3 Azerbaijan Exploration And Production Sector, Crude Oil Asset Details 40
6 Azerbaijan Pipeline Sector 41
6.1 Azerbaijan Pipeline Sector, Key Data 41
6.2 Azerbaijan Pipeline Sector, an Overview 41
6.3 Azerbaijan Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 41
6.4 Azerbaijan Pipeline Sector, Crude Oil Pipelines 42
7 Azerbaijan Refining Sector 43
7.1 Azerbaijan Refining Sector, Key Data 43
7.2 Azerbaijan Refining Sector, An Overview 43
7.2.1 Azerbaijan Refining Sector, Total Refining Capacity 43
7.3 Azerbaijan Refining Sector, Capacity- Wise Market Share by Company 44
7.4 Azerbaijan Refining Sector, Crude Distillation Unit Capacity 45
7.5 Azerbaijan Refining Sector, Coking Capacity 45
7.6 Azerbaijan Refining Sector, Fluid Catalytic Cracking Capacity 45
8 Azerbaijan Oil and Chemicals Storage Sector 46
8.1 Azerbaijan Oil and Chemicals Storage Sector, Key Data 46
8.2 Azerbaijan Oil and Chemicals Storage Sector, An Overview 46
8.2.1 Azerbaijan Oil and Chemicals Storage Sector, Total Storage Capacity 46
8.3 Azerbaijan Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 47
8.4 Azerbaijan Oil and Chemicals Storage Sector, Storage Capacity 48
9 Profile of British Petroleum Plc 49
9.1 British Petroleum Plc, Key Information 49
9.2 British Petroleum Plc, Company Overview 49
9.3 British Petroleum Plc, Business Description 49
9.3.1 British Petroleum Plc, Business Description, Business Overview 49
9.3.2 British Petroleum Plc, Business Description, Exploration and Production 49
9.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 51
9.3.4 British Petroleum Plc, Business Description, Refining and Marketing 52
9.3.5 British Petroleum Plc, Business Description, Major Products and Services 54
9.4 British Petroleum Plc, Value Chain Analysis 55
9.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 56
9.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 56
9.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 57
9.4.4 British Petroleum Plc, Value Chain Analysis, Retail 58
9.5 British Petroleum Plc, SWOT Analysis 59
9.5.1 British Petroleum Plc, SWOT Analysis, Overview 59
9.5.2 British Petroleum Plc, SWOT Analysis, Strengths 59
9.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 61
9.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 61
9.5.5 British Petroleum Plc, SWOT Analysis, Threats 62
9.6 British Petroleum Plc, Revenue Analysis 63
9.6.1 British Petroleum Plc, Revenue by Segment 64
9.6.2 British Petroleum Plc, Revenue by Geography 64
9.7 British Petroleum Plc, Financial and Operational Review 66
9.7.1 Financial Statements 66
9.7.2 Financial Ratios 67
10 Profile of Chevron Corporation 68
10.1 Chevron Corporation, Key Information 68
10.2 Chevron Corporation, Company Overview 68
10.3 Chevron Corporation, Business Description 68
10.3.1 Chevron Corporation, Business Description, Overview 68
10.3.2 Chevron Corporation, Business Description, Chemicals 69
10.3.3 Chevron Corporation, Business Description, Downstream Segment 70
10.3.4 Chevron Corporation, Business Description, Others Segment 71
10.3.5 Chevron Corporation, Business Description, Upstream Segment 72
10.4 Chevron Corporation, Value Chain Analysis 74
10.4.1 Chevron Corporation, Value Chain Analysis, Upstream 74
10.4.2 Chevron Corporation, Value Chain Analysis, Midstream 76
10.4.3 Chevron Corporation, Value Chain Analysis, Retail 76
10.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 77
10.4.5 Chevron Corporation, Value Chain Analysis, Transformation 78
10.5 Chevron Corporation, SWOT Analysis 79
10.5.1 Chevron Corporation, SWOT Analysis, Overview 79
10.5.2 Chevron Corporation, SWOT Analysis, Strengths 80
10.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 81
10.5.4 Chevron Corporation, SWOT Analysis, Opportunities 81
10.5.5 Chevron Corporation, SWOT Analysis, Threats 83
10.6 Chevron Corporation, Revenue Analysis 84
10.6.1 Chevron Corporation, Revenue by Segment 84
10.6.2 Chevron Corporation, Revenue by Geography 85
10.7 Chevron Corporation, Financial and Operational Review 86
10.7.1 Financial Statements 86
10.7.2 Financial Ratios 87
11 Profile of Inpex Holdings Inc., 88
11.1 Inpex Holdings Inc., Key Information 88
11.2 Inpex Holdings Inc., Company Overview 88
11.3 Inpex Holdings Inc., Business Description 88
11.3.1 Inpex Holdings Inc., Business Description, Business Overview 88
11.3.2 Inpex Holdings Inc., Business Description, Major Products and Services 90
11.4 Inpex Holdings Inc., SWOT Analysis 91
11.4.1 Inpex Holdings Inc., SWOT Analysis, Overview 91
11.4.2 Inpex Holdings Inc., SWOT Analysis, Strengths 91
11.4.3 Inpex Holdings Inc., SWOT Analysis, Weaknesses 92
11.4.4 Inpex Holdings Inc., SWOT Analysis, Opportunities 93
11.4.5 Inpex Holdings Inc., SWOT Analysis, Threats 93
12 Financial Deals Landscape 95
12.1 Detailed Deal Summary 95
12.1.1 Partnerships 95
13 Recent Developments 96
13.1 Strategy and Business Expansion 96
13.1.1 Feb 26, 2009: LUKOIL Withdraws D-222 Block Offshore Project In Azerbaijan 96
13.1.2 Jun 05, 2008: TOTAL Enters Production Sharing Agreement With SOCAR 96
13.2 Drilling and Production Updates 97
13.2.1 Mar 14, 2009: Socar Reduces Drilling By 7.8% In February 2009 97
13.2.2 Mar 14, 2009: Socar Reduces Gas Production By 8.2% In February 2009 97
13.2.3 Mar 09, 2009: BP Azerbaijan Updates On Production At Shah Deniz Field 98
13.2.4 Feb 19, 2009: Socar Slashes Oil Production By 0.2% In January 2009 98
13.2.5 Feb 10, 2009: Socar Places Well #249 Into Operations 99
13.2.6 Jan 23, 2009: Socar Places New Gas Well Into Operation At Gunashli Field, Azerbaijani 99
13.2.7 Jan 16, 2009: Socar Updates On Umid-1 Field In Azerbaijani Sector Of Caspian Sea 100
13.2.8 Dec 30, 2008: BP Partly Restarts Production At Azeri Offshore Platform 101
13.2.9 Sep 08, 2008: Azerbaijan's Gas Production For January-August 2008 Rises By 37.1% 102
13.2.10 Jun 30, 2008: Socar Completes Drilling Two New Gas Wells 103
13.2.11 Jun 04, 2008: BP Proposes To Increase Oil Output In Azerbaijan 104
13.2.12 Jun 04, 2008: Azerbaijan Plans To Almost Double Gas Production By 2015 104
13.2.13 Apr 22, 2008: BP Starts Oil Production From Deep Water Gunashli Platform 105
13.2.14 Apr 22, 2008: INPEX Announces Start-Up OF Deep Water Gunashli Production In Azerbaijan 105
13.3 Other Significant Developments 106
13.3.1 Mar 30, 2009: BP Says Shah-Deniz II Gas May Delay To Flow 106
13.3.2 Mar 04, 2009: AIOC Restarts Production Operations At Central Azeri Platform In Azerbaijan 107
13.3.3 Feb 27, 2009: SOCAR Investments In Azerbaijan's 27 Oil And Gas Contracts Totalled To $30 Billion 108
13.3.4 Jan 16, 2009: Socar Resumes Construction And Repairs Works Of Platform #82 At Alat-Deniz Field In Azerbaijan 108
13.3.5 Jan 10, 2009: Iran To Spend $1.7 Billion In Developing Azerbaijan's Shah-Deniz Gas Field 108
13.3.6 Jan 05, 2009: AIOC Resumes Operations At Five Wells In Azerbaijan 109
13.3.7 Dec 24, 2008: BP Partially Restarts 350,000 Bd Azeri Oil Field In Azerbaijan 110
13.3.8 Dec 12, 2008: Socar To Resume Operations In Central Azerbaijan In December 2008 110
13.3.9 Jul 01, 2008: Socar Updates On Neft Dashlari Offshore Field 111
13.3.10 Jun 18, 2008: Azerbaijan Produces 19.9 Million Tons Of Oil And 9.8 Billion Cubic Meters Of Gas 111
13.3.11 Jun 16, 2008: OPEC Says Azerbaijan, Kazakhstan Will Raise Caspian Oil Supply 112
13.3.12 Jun 03, 2008: Azerbaijan To Produce 50 Million Tons Of Oil This Year 112
14 Appendix 113
14.1 Methodology 113
14.1.1 Coverage 114
14.1.2 Secondary Research 115
14.1.3 Primary Research 115
14.1.4 E&P Forecasts 115
14.1.5 Midstream Forecasts 117
14.1.6 Expert Panel Validation 117
14.2 Contact Us 117
14.3 About GlobalData 117
14.4 Disclaimer 117

1.1 List of Tables
Table 1: Azerbaijan, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Azerbaijan, Historical and Forecasted Crude Oil Exports, 1996-2020 15
Table 3: Azerbaijan, Historical Reserves of Crude Oil, 1996-2008 17
Table 4: Azerbaijan, Crude Oil and Natural Gas, Profit Oil/Gas, 2007 22
Table 5: Former Soviet Union, Investment Benchmarking, Overall Country Rankings, 2008 24
Table 6: Former Soviet Union, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 25
Table 7: Former Soviet Union, Investment Benchmarking, Oil Sector Performance, 2008 27
Table 8: Former Soviet Union, Investment Benchmarking, Economic Performance, 2008 30
Table 9: Former Soviet Union, Country Standings, Economic Performance, 2008 31
Table 10: Former Soviet Union, Investment Benchmarking, Socio-Political Performance, 2008 33
Table 11: Former Soviet Union, Country Standings, Socio-Political Performance, 2008 33
Table 12: Azerbaijan, Crude Oil Key Statistics, 2008 35
Table 13: Azerbaijan, Total Gross Crude Oil Production (MMBBLs), 2001-2008 36
Table 14: Azerbaijan, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 37
Table 15: Azerbaijan, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 37
Table 16: Azerbaijan, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 39
Table 17: Azerbaijan, Oil Field Asset Details 40
Table 18: Azerbaijan, Pipeline Key Statistics, 2008 41
Table 19: Azerbaijan, Crude Oil Pipeline Length by Company (Km), 2008 41
Table 20: Azerbaijan, Crude Oil Pipelines, 2008 42
Table 21: Azerbaijan, Refinery Key Statistics, 2008 43
Table 22: Azerbaijan, Total Refining Capacity (MMTPA), 2000- 2013 43
Table 23: Azerbaijan, Refining Capacity Company-wise (MMTPA), 2000-2013 44
Table 24: Azerbaijan, Crude Distillation Unit Capacity (MMTPA), 2000-2013 45
Table 25: Azerbaijan, Coking Unit Capacity (MMTPA), 2000-2013 45
Table 26: Azerbaijan, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 45
Table 27: Azerbaijan, Oil Storage Key Statistics, 2008 46
Table 28: Azerbaijan, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 46
Table 29: Azerbaijan, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 47
Table 30: Azerbaijan, Storage Capacity (Thousand M3), 2000-2013 48
Table 31: British Petroleum Plc, Key Facts 49
Table 32: British Petroleum Plc, SWOT Analysis 59
Table 33: British Petroleum Plc, Revenue by Segment, USD Million, 2003-2007 64
Table 34: British Petroleum Plc, Revenue by Geography, USD Million, 2003-2007 65
Table 35: British Petroleum Plc, Financial Statements, USD Million, 2003-2007 66
Table 36: British Petroleum Plc, Financial Ratios, USD Million, 2003-2007 67
Table 37: Chevron Corporation, Key Facts 68
Table 38: Chevron Corporation, SWOT Analysis, 2007 79
Table 39: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 85
Table 40: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 85
Table 41: Chevron Corporation, Financial Statements, USD Million, 2003-2007 86
Table 42: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 87
Table 43: INPEX Holdings Inc., Key Facts, 2007 88
Table 44: INPEX Holdings Inc., SWOT Analysis 91
Table 45: Total Enters Into Partnership With SOCAR 95

1.2 List of Figures
Figure 1: Azerbaijan, Energy Sector break-up, 2008 11
Figure 2: Azerbaijan, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 14
Figure 3: Azerbaijan, Crude Oil Exports, Thousand Barrels Per Day, 1996-2020 16
Figure 4: Azerbaijan, Crude Oil Reserves, Million Barrels, 1996-2008 18
Figure 5: Former Soviet Union, Country Standings, Upstream Fiscal Attractiveness, 2008 26
Figure 6: Former Soviet Union, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 27
Figure 7: Former Soviet Union, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 28
Figure 8: Former Soviet Union, Country Standings, Exploration Blocks Awarded, 2008 29
Figure 9: Former Soviet Union, Country Standings, Economic Performance, 2008 31
Figure 10: Former Soviet Union, Country Standings, Socio-Political Performance, 2008 34
Figure 11: Azerbaijan, Crude Oil Assets Map, 2008 35
Figure 12: Azerbaijan, Total Gross Crude Oil Production (MMBBLs), 2001-2008 36
Figure 13: Azerbaijan, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 38
Figure 14: Azerbaijan, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 40
Figure 15: Azerbaijan, Crude Oil Pipeline Length by Company (Km), 2008 42
Figure 16: Azerbaijan, Total Refining Capacity (MMTPA), 2000- 2013 44
Figure 17: Azerbaijan, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 47
Figure 18: Azerbaijan, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 48
Figure 19: British Petroleum Plc, Value Chain Analysis 55
Figure 20: Chevron Corporation, Value Chain Analysis 74
Figure 21: GlobalData Methodology 114