Morocco Oil Markets, 2012

Published: October 2012
No. of Pages: 83
   

Morocco Oil Markets, 2012

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Morocco. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries and storage terminals) in Morocco. The report compares the investment environment in Morocco with other countries in the region. The profiles of the major companies operating in the crude oil sector in Morocco 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 each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the major oil fields, refineries and storage terminals in Morocco for the period 2005-2016.
- Operator and equity details for major crude oil assets in Morocco.
- Key information relating to market regulations, key energy assets and the key companies operating in the Morocco’s energy industry.
- Information on the top companies in the Morocco 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.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- 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.

Morocco Oil Markets, 2012

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2 Morocco Energy Sector 8
2.1 Morocco Energy Sector, Market Overview 8
2.2 Morocco Energy Sector, Oil 8
2.2.1 Morocco Oil, Overview 8
2.2.2 Morocco Oil, Supply and Demand Balance 9
2.2.3 Morocco Crude Oil, Regulatory Structure 14
2.2.4 Morocco Crude Oil, Infrastructure 14
3 Morocco Oil Upstream Investment Environment Benchmarking 15
3.1 Introduction 15
3.2 The Overall Ranking 15
3.3 Upstream Fiscal Attractiveness 15
3.3.1 Maximum Government Take Index 17
3.3.2 Maximum State Participation 17
3.4 Oil Sector Performance 17
3.4.1 Exploration Activity 19
3.4.2 Oil Production 20
3.4.3 Oil Reserves 20
3.4.4 Oil Consumption 21
3.4.5 Refining Industry 21
3.5 Economic Performance 21
3.5.1 GDP Growth Index 23
3.5.2 FDI Confidence Index 23
3.5.3 Balance of Trade Index 23
3.6 Socio-Political Performance 23
3.6.1 Democracy Index 25
3.6.2 Governance Index 25
4 Morocco Exploration and Production Sector 26
4.1 Morocco Exploration and Production Sector, Country Snapshot 26
4.1.1 Morocco Exploration and Production Sector, Key Data 26
4.1.2 Morocco Exploration and Production Sector, Crude Oil Assets Map 26
4.1.3 Morocco Exploration and Production Sector, Gross Crude Oil-Historical Production by Type 27
4.1.4 Morocco Exploration and Production Sector, Gross Crude Oil Production by Assets 28
4.1.5 Morocco Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 28
4.2 Morocco Exploration and Production Sector, Forecasted Production 29
4.2.1 Morocco Exploration and Production Sector, Gross Crude Oil Production Forecast 29
4.3 Morocco Exploration and Production Sector, Crude Oil Asset Details 30
4.3.1 Morocco Exploration and Production Sector, Active Major Crude Oil Asset Details 30
4.4 Morocco Exploration and Production Sector, Recent Discoveries 30
4.4.1 Apr 15, 2011: Circle Oil Announces Gas Discovery At KSR-11 Exploration Well On Sebou Permit In Rharb Basin, Morocco 30
4.4.2 Feb 08, 2011: Circle Oil Announces New Gas Discovery In Morocco 31
4.4.3 Jan 24, 2011: Circle Oil Discovers Gas At ADD-1 Exploration Well In Rharb Basin, Morocco 31
4.4.4 Jan 04, 2011: Circle Oil Announces Gas Discovery At KSR-10 Exploration Well In Rharb Basin, Morocco 32
4.4.5 Oct 29, 2010: Circle Oil Announces Gas Discovery At CGD-11 Well On Sebou Permit In Rharb Basin, Morocco 33
4.5 Morocco Exploration and Production Sector, Drilling and Production Updates 34
4.5.1 Jul 03, 2012: Pura Vida Energy''s Work Program On Mazagan Permit Ahead Of Schedule 34
4.5.2 Mar 29, 2012: San Leon Energy Provides Update On Prospective Resources Estimates 35
4.5.3 Mar 29, 2012: Ithaca Energy Provides 2011 Reserves Update 36
4.5.4 Feb 28, 2012: Circle Oil Provides Reserves Update 38
4.5.5 Mar 15, 2011: Circle Oil Spuds KSR-11 Well At Rharb Basin In Morocco 39
5 Morocco Refining Sector 40
5.1 Morocco Refining Sector, Key Data 40
5.2 Morocco Refining Sector, An Overview 40
5.2.1 Morocco Refining Sector, Total Refining Capacity 40
5.3 Morocco Refining Sector, Capacity Market Share by Company 41
5.4 Morocco Refining Sector, Crude Distillation Unit Capacity 42
5.5 Morocco Refining Sector, Fluid Catalytic Cracking Capacity 42
5.6 Morocco Refining Sector, Hydrocracking Capacity 43
6 Morocco Oil and Chemicals Storage Sector 44
6.1 Morocco Oil and Chemicals Storage Sector, Key Data 44
6.2 Morocco Oil and Chemicals Storage Sector, An Overview 44
6.2.1 Morocco Oil and Chemicals Storage Sector, Total Storage Capacity 44
6.2.2 Morocco Oil and Chemicals Storage Sector, Storage Capacity Share by Area 45
6.3 Morocco Oil and Chemicals Storage Sector, Capacity Market Share by Company 46
6.4 Morocco, Oil and Chemicals Storage Sector, Storage Capacity 47
7 Profile of Kosmos Energy Ltd 48
7.1 Kosmos Energy Ltd, Key Information 48
7.2 Kosmos Energy Ltd, Company Overview 48
7.3 Kosmos Energy Ltd, Business Description 48
7.3.1 Business Overview 48
7.4 Kosmos Energy Ltd, SWOT Analysis 49
7.4.1 Overview 49
7.4.2 Kosmos Energy Ltd Strengths 50
7.4.3 Kosmos Energy Ltd Weaknesses 50
7.4.4 Kosmos Energy Ltd Opportunities 51
7.4.5 Kosmos Energy Ltd Threats 52
8 Profile of Serica Energy plc. 53
8.1 Serica Energy plc., Key Information 53
8.2 Serica Energy plc., Company Overview 53
8.3 Serica Energy plc., Business Description 53
8.3.1 Business Overview 53
9 Profile of Office National des Hydrocarbures et des Mines 55
9.1 Office National des Hydrocarbures et des Mines, Key Information 55
9.2 Office National des Hydrocarbures et des Mines, Company Overview 55
9.3 Office National des Hydrocarbures et des Mines, Business Description 55
9.3.1 Business Overview 55
10 Financial Deals Landscape 57
10.1 Detailed Deal Summary 57
10.1.1 Acquisition 57
10.1.2 Partnerships 60
10.1.3 Asset Transactions 62
11 Recent Developments 70
11.1 License Awards 70
11.1.1 Aug 29, 2012: San Leon Energy Announces Award Of Additional Blocks To Existing Tarfaya Oil Shale Acreage And Extension Of Exclusivity Period 70
11.1.2 Dec 14, 2011: Kosmos Energy Announces New Exploration Licenses Offshore Suriname 70
11.1.3 Oct 06, 2011: East West Petroleum Announces Acquisition Of New Exploration Block In Morocco 71
11.2 Other Significant Developments 72
11.2.1 Sep 17, 2012: Pura Vida Energy Completes Reprocessing Of 3D Seismic Data Over Mazagan Permit Offshore Morocco 72
11.2.2 Jul 31, 2012: Tangiers Petroleum Provides Operations Update 72
11.2.3 Apr 30, 2012: Longreach Oil and Gas Provides Operations Update 75
11.2.4 Apr 30, 2012: Tangiers Petroleum Provides Operations Update 76
11.2.5 Feb 13, 2012: Circle Oil Provides Update On Operations At Rharb Basin Permits In Morocco 77
11.2.6 Jan 24, 2012: Longreach Oil and Gas Completes 2D Seismic Campaign On Zag License In Morocco 77
11.2.7 Jan 13, 2012: San Leon Energy Provides Tarfaya Oil Shale Project Update 78
11.2.8 Jan 11, 2012: Circle Oil Announces Successful Completion Of Moroccan Seismic Surveys 79
11.3 New Contracts Announcements 80
11.3.1 Dec 19, 2011: Tangiers Petroleum Signs Contract With Polarcus For Morocco Exploration Program 80
12 Appendix 81
12.1 Abbreviations 81
12.2 Methodology 81
12.2.1 Coverage 81
12.2.2 Secondary Research 82
12.2.3 Primary Research 82
12.3 Contact Us 82
12.4 Disclaimer 83

1.1 List of Tables
Table 1: Morocco, Historic and Forecast Production and Consumption of Oil, Thousand Barrels per Day, 2000-2020 9
Table 2: Morocco, Historic and Forecast Import and Export of Oil, Thousand Barrels Per Day, 2000-2020 11
Table 3: Morocco, Historic Reserves of Crude Oil, Million Barrels, 2000-2011 13
Table 4: North Africa, Investment Benchmarking, Overall Country Rankings, Sep 2012 15
Table 5: North Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, Sep 2012 16
Table 6: North Africa, Investment Benchmarking, Oil Sector Performance, Sep 2012 17
Table 7: North Africa, Investment Benchmarking, Economic Performance, Sep 2012 21
Table 8: North Africa, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Oil Production, Sep 2012 22
Table 9: North Africa, Investment Benchmarking, Socio-Political Performance, Sep 2012 24
Table 10: North Africa, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Sep 2012 24
Table 11: Morocco, Crude Oil Key Statistics, 2011 26
Table 12: Morocco, Total Gross Crude Oil Production by Type (%), 2003-2011 27
Table 13: Morocco, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2011 28
Table 14: Morocco, Market Share (%) of Companies based on Gross Equity Weighted Crude Oil Production, 2003-2011 28
Table 15: Morocco, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2012- 2016 29
Table 16: Morocco, Active Major Oil Field Asset Details 30
Table 17: Morocco, Refinery Key Statistics, Sep 2012 40
Table 18: Morocco, Total Refining Capacity (MMTPA), 2005- 2016 40
Table 19: Morocco, Refining Capacity by Company (MMTPA), 2005-2016 41
Table 20: Morocco, Crude Distillation Unit Capacity (MMTPA), 2005-2016 42
Table 21: Morocco, Fluid Catalytic Cracking Capacity (MMTPA), 2005-2016 42
Table 22: Morocco, Hydrocracking Unit Capacity (MMTPA), 2005-2016 43
Table 23: Morocco, Oil Storage Key Statistics, Sep 2012 44
Table 24: Morocco, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 44
Table 25: Morocco, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 46
Table 26: Morocco, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 47
Table 27: Kosmos Energy, Ltd, Key Facts 48
Table 28: Kosmos Energy, Ltd, SWOT Analysis 49
Table 29: Serica Energy plc, Key Facts 53
Table 30: Office National des Hydrocarbures et des Mines, Key Facts 55
Table 31: PetroChina Plans To Acquire Oil And Gas Companies In Central Asia, East Africa, Australia And Canada 57
Table 32: MENA Hydrocarbons Completes Acquisition Of Mideast Energy For $0.85 Million 58
Table 33: TransAtlantic Worldwide Acquires Three Subsidiaries Of Direct Petroleum Exploration 59
Table 34: San Leon Energy Awarded Four Oil Shale Permits In Morocco 60
Table 35: Sonatrach Plans To Form Partnership With Shell And Exxon Mobil 61
Table 36: Cairn Energy To Acquire 50% Interest In Foum Draa Block, Offshore Morocco For $61.5 Million 62
Table 37: Genel Energy To Acquire 60% Interest In Sidi Moussa Block, Offshore Morocco For $51.3 Million 63
Table 38: San Leon Energy To Acquire 25% Interest In Two Exploration Licenses From Serica Energy 65
Table 39: Pura Vida Energy To Sell Its Mazagan Permit In Essaouira Basin Of Morocco 66
Table 40: East West Petroleum Acquires 75% Interest In Doukkala Block In Morocco From Office National des Hydrocarbures et des Mines 66
Table 41: TransAtlantic Petroleum Plans To Sell Oil And Gas Properties In Morocco 67
Table 42: Longreach Oil and Gas Completes Acquisition Of 50% Operating Interest In Sidi Moktar Licenses From Maghreb Petroluem 68
Table 43: DVM International To Acquire 75% Interest In Tarfaya Offshore Block, Morocco 69

1.2 List of Figures
Figure 1: Morocco, Primary Energy Consumption Split By Fuel Type (%), 2011 8
Figure 2: Morocco, Historic and Forecast Production and Consumption of Oil, Thousand Barrels per Day, 2000-2020 10
Figure 3: Morocco, Historic and Forecast Export and Import of Oil, Thousand Barrels Per Day, 2000-2020 12
Figure 4: Morocco, Historic Reserves of Crude Oil, Million Barrels, 2000-2011 13
Figure 5: North Africa, Country Standings, Upstream Fiscal Attractiveness, Sep 2012 16
Figure 6: North Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, Sep 2012 18
Figure 7: North Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Sep 2012 19
Figure 8: North Africa, Country Standings, Number of Exploration Blocks Awarded, Sep 2012 20
Figure 9: North Africa, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Oil Production, Sep 2012 22
Figure 10: North Africa, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Sep 2012 25
Figure 11: Morocco, Crude Oil Assets Map, Sep 2012 26
Figure 12: Morocco, Total Gross Crude Oil Production by Type (%), 2003-2011 27
Figure 13: Morocco, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2011 29
Figure 14: Morocco, Total Refining Capacity (MMTPA), 2005- 2016 41
Figure 15: Morocco, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 45
Figure 16: Morocco, Oil and Chemicals Storage Capacity Share by Area (%), 2011 45
Figure 17: Morocco, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 46

Published By: GlobalData
Product Code: GlobalData26445


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