Oil Market Outlook in Egypt, 2010

Report 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 Egypt. 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, pipelines and storage terminals) in Egypt. The report compares the investment environment in Egypt with other countries in the region. The profiles of the major companies operating in the crude oil sector in Egypt 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 1996-2020.
• Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Egypt for the period 2000-2013.
• Operator and equity details for major crude oil assets in Egypt.
• Key information relating to market regulations, key energy assets and the key companies operating in the Egypt’s energy industry.
• Information on the top companies in the Egypt 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.

Table Of Contents

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Egypt Energy Sector 10
2.1 Egypt Energy Sector, Market Overview 10
2.2 Egypt Energy Sector, Crude Oil 11
2.2.1 Egypt Crude Oil, Overview 11
2.2.2 Egypt Crude Oil, Supply and Demand Balance 11
2.2.3 Egypt Crude Oil, Regulatory Structure 17
2.2.4 Egypt Crude Oil, Infrastructure 18

3 Egypt Oil Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 19
3.3.1 Maximum Government Take Index 20
3.3.2 Fiscal Flexibility 21
3.3.3 Maximum State Participation 21
3.3.4 Maximum Domestic Market Obligation 21
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 26
3.5.2 FDI Confidence Index 26
3.5.3 Balance of Trade Index 27
3.6 Socio-Political Performance 27
3.6.1 Democracy Index 28
3.6.2 Governance Index 28

4 Egypt Exploration and Production Sector 29
4.1 Egypt Exploration and Production Sector, Country Snapshot 29
4.1.1 Egypt Exploration and Production Sector, Key Data 29
4.1.2 Egypt Exploration and Production Sector, Crude Oil Assets Map 29
4.2 Egypt Exploration and Production Sector, Gross Crude Oil Production 30
4.2.1 Egypt Exploration and Production Sector, Gross Crude Oil-Historical Production 30
4.2.2 Egypt Exploration and Production Sector, Gross Crude Oil Production by Assets 31
4.2.3 Egypt Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 32
4.2.4 Egypt Exploration and Production Oil Sector, Market Share based on Gross Equity Weighted Crude Oil Production 33
4.3 Egypt Exploration and Production Sector, Gross Crude Oil Forecasts 35
4.3.1 Egypt Exploration and Production Sector, Gross Crude Oil Forecasted Production 35
4.4 Egypt Exploration And Production Sector, Crude Oil Asset Details 36
4.4.1 Egypt Exploration And Production Sector, Active Crude Oil Asset Details 36
4.4.2 Egypt Exploration and Production Sector, Planned Crude Oil Asset Details 39
4.5 Egypt Exploration and Production Sector, Major Oil Discoveries 40
4.5.1 Egypt Exploration and Production Sector, Number of Oil Discoveries, 2004- 2009 40
4.5.2 Egypt Exploration and Production Sector, Oil Discovery Details 41
4.6 Egypt Exploration and Production Sector, Recent Discoveries 44
4.6.1 Sep 05, 2010: Dana Gas Announces Gas Discovery In Egypt 44
4.6.2 Sep 02, 2010: IPR Strikes Oil At AEB-3C Well In Yidma-Alamein License, Egypt 44
4.6.3 Aug 18, 2010: Apache Announces Two New Oil Discoveries In Egypt's Western Desert 45
4.6.4 Jul 30, 2010: Dana Petroleum Discovers New Oil Field At North Zeit Bay In Egypt 45
4.6.5 Jun 24, 2010: Dana Petroleum Announces Two New Oil Discoveries In Egypt 46
4.7 Egypt Exploration and Production Sector, Drilling and Production Updates 47
4.7.1 Sep 02, 2010: Enap Sipetrol Produces 8,241 Barrels Of Oil In Egypt 47
4.7.2 Jul 28, 2010: Eni Commences Oil Production From Arcadia 1X Well In Western Desert Of Egypt 47
4.7.3 Jul 19, 2010: Eni Commences Gas Production At Tuna Field In Egypt 48
4.7.4 Jun 24, 2010: Dana Petroleum Provides Drilling Update 48
4.7.5 Jun 16, 2010: Apache Provides Faghur Basin Production Update 49

5 Egypt FPSO Industry 50
5.1 Egypt FPSO Industry, FPSO Capacity Details by Vessel 50
5.2 Egypt FPSO Industry, FPSO Vessel Specifications 50

6 Egypt Pipeline Sector 51
6.1 Egypt Pipeline Sector, Key Data 51
6.2 Egypt Pipeline Sector, An Overview 51
6.3 Egypt Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 51
6.4 Egypt Pipeline Sector, Petroleum Product Pipeline Companies 52
6.5 Egypt Pipeline Sector, Crude Oil Pipelines 53
6.6 Egypt Pipeline Sector, Petroleum Product Pipelines 54

7 Egypt Refining Sector 55
7.1 Egypt Refining Sector, Key Data 55
7.2 Egypt Refining Sector, An Overview 55
7.2.1 Egypt Refining Sector, Total Refining Capacity 55
7.3 Egypt Refining Sector, Capacity-Wise Market Share By Company 56
7.4 Egypt Refining Sector, Crude Distillation Unit Capacity 57
7.5 Egypt Refining Sector, Coking Capacity 58
7.6 Egypt Refining Sector, Hydrocracking Capacity 58

8 Egypt Oil and Chemicals Storage Sector 59
8.1 Egypt Oil and Chemicals Storage Sector, Key Data 59
8.1.1 Egypt Oil and Chemicals Storage Sector, An Overview 59
8.1.2 Egypt Oil and Chemicals Storage Sector, Total Storage Capacity 59
8.2 Egypt Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 60
8.3 Egypt Oil and Chemicals Storage Sector, Storage Capacity 62

9 Profile of BG Group plc 63
9.1 BG Group plc, Key Information 63
9.2 BG Group plc, Company Overview 63
9.3 BG Group plc, Business Description 63
9.3.1 Business Overview 63
9.3.2 Exploration and Production 64
9.3.3 Exploration and Production 65
9.3.4 Liquefied Natural Gas 67
9.3.5 Power Generation 68
9.3.6 Transmission and Distribution 69
9.4 BG Group plc, SWOT Analysis 70
9.4.1 Overview 70
9.4.2 BG Group plc Strengths 70
9.4.3 BG Group plc Weaknesses 71
9.4.4 BG Group plc Opportunities 71
9.4.5 BG Group plc Threats 72

10 Profile of Eni S.p.A. 73
10.1 Eni S.p.A., Key Information 73
10.2 Eni S.p.A., Company Overview 73
10.3 Eni S.p.A., Business Description 73
10.3.1 Business Overview 73
10.3.2 Engineering and Construction 74
10.3.3 Exploration & Production 74
10.3.4 Gas & Power 76
10.3.5 Others 77
10.3.6 Petrochemicals 78
10.3.7 Refining and Marketing 78
10.4 Eni S.p.A., SWOT Analysis 80
10.4.1 Overview 80
10.4.2 Eni S.p.A. Strengths 80
10.4.3 Eni S.p.A. Weaknesses 82
10.4.4 Eni S.p.A. Opportunities 82
10.4.5 Eni S.p.A. Threats 83

11 Profile of Petroliam Nasional Berhad (PETRONAS) 85
11.1 Petroliam Nasional Berhad (PETRONAS), Key Information 85
11.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 85
11.3 Petroliam Nasional Berhad (PETRONAS), Business Description 85
11.3.1 Business Overview 85
11.3.2 Exploration and Production Segment 86
11.3.3 Gas Business Segment 87
11.3.4 Logistics and Maritime Segment 88
11.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 89
11.4.1 Overview 89
11.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths 89
11.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 90
11.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 90
11.4.5 Petroliam Nasional Berhad (PETRONAS) Threats 91

12 Recent Developments 93
12.1 License Rounds 93
12.1.1 Feb 02, 2010: Egypt To Declare Oil And Gas Bid Round Results In Two Months 93
12.2 License Awards 93
12.2.1 Apr 08, 2010: GSPC Signs Agreement For Oil And Gas Exploration In Egypt 93
12.3 Strategy and Business Expansion 93
12.3.1 Jul 27, 2010: Egypt And Eni Sign Strategic Agreement For New Upstream And Downstream Initiatives 93
12.3.2 Jul 19, 2010: BP Signs Agreement To Amend North Alexandria And West Mediterranean Deepwater Concessions In Egypt 94
12.4 Other Significant Developments 94
12.4.1 Aug 14, 2010: Egypt Oil, Gas Reserves Rise To 18 Billion Barrels In 2009-10 94
12.4.2 Aug 10, 2010: Circle Oil Provides Egypt Operations Update 95
12.4.3 Aug 09, 2010: ERC Secures $2.6 Billion Debt Package For Refinery 95
12.4.4 Jul 27, 2010: Sea Dragon Energy Provides Egypt Operations Update 96
12.4.5 Jul 21, 2010: Circle Oil Updates On Al-Amir SE-6 Appraisal Well In Egypt 97
12.4.6 Jul 16, 2010: Dana Petroleum Provides Operations Update 98
12.4.7 Jul 07, 2010: Sea Dragon Energy Updates On Operations In Egypt 99
12.4.8 Jul 07, 2010: Egypt To Supply Jordan With Gas 100
12.4.9 Jul 06, 2010: BG Egypt Plans $2 Billion Investment On Offshore Pipeline, Wells 100
12.4.10 Jul 01, 2010: EGPC Finds 65 Million Barrels At New Oil Reserves In Gulf Of Suez 100
12.5 New Contracts Announcements 101
12.5.1 Aug 25, 2010: KBR Wins Second Contract From BP For West Nile Delta Development 101

13 Appendix 102
13.1 Methodology 102
13.1.1 Coverage 102
13.1.2 Secondary Research 103
13.1.3 Primary Research 103
13.1.4 Midstream Forecasts 104
13.1.5 Expert Panel Validation 104
13.2 Contact Us 104
13.3 About the Publisher 104
13.4 Disclaimer 104

List of Tables

Table 1: Egypt, Historic and Forecast Production and Consumption of Crude Oil (Thousand Barrels per Day), 2000-2020 12
Table 2: Egypt, Historic and Forecast Imports and Exports of Crude Oil (Thousand Barrels Per Day), 2000-2020 14
Table 3: Egypt, Historic Reserves of Crude Oil (Million Barrels), 1996-2009 16
Table 4: North Africa, Investment Benchmarking, Overall Country Rankings, July 2010 19
Table 5: North Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 20
Table 6: North Africa, Investment Benchmarking, Oil Sector Performance, July 2010 21
Table 7: North Africa, Investment Benchmarking, Economic Performance, July 2010 25
Table 8: North Africa, Country Standings, Economic Performance, July 2010 25
Table 9: North Africa, Investment Benchmarking, Socio-Political Performance, July 2010 27
Table 10: North Africa, Country Standings, Socio-Political Performance, July 2010 27
Table 11: Egypt, Crude Oil Key Statistics, 2009 29
Table 12: Egypt, Total Gross Crude Oil Production (MMBBLs), 2002-2009 30
Table 13: Egypt, Gross Crude Oil Production (MMBBLs), by Assets, 2002-2009 31
Table 14: Egypt, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 32
Table 15: Egypt, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2002-2009 33
Table 16: Egypt, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2010- 2015 35
Table 17: Egypt, Active Oil Field Asset Details 36
Table 18: Egypt, Planned Oil Field Asset Details 39
Table 19: Egypt, Number of Oil Discoveries, 2004-2009 40
Table 20: Egypt, Oil Discovery Details, 2004-2009 41
Table 21: Egypt, Oil Discovery Details, 2004-2009 (Contd.1) 42
Table 22: Egypt, Oil Discovery Details, 2004-2009 (Contd.2) 43
Table 23: Egypt FPSO Industry, FPSO Oil Production Capacities, 2009 50
Table 24: Egypt FPSO Industry, FPSO Vessel Specifications, 2009 50
Table 25: Egypt, Pipeline Key Statistics, 2009 51
Table 26: Egypt, Crude Oil Pipeline Length by Company (Km), 2009 51
Table 27: Egypt, Petroleum Product Pipeline Length by Company (Km), 2009 52
Table 28: Egypt, Crude Oil Pipelines, 2009 53
Table 29: Egypt, Petroleum Product Pipelines, 2009 54
Table 30: Egypt, Refinery Key Statistics, 2009 55
Table 31: Egypt, Total Refining Capacity (MMTPA), 2000- 2013 55
Table 32: Egypt, Refining Capacity by Company (MMTPA), 2000- 2013 56
Table 33: Egypt, Crude Distillation Unit Capacity (MMTPA), 2000-2013 57
Table 34: Egypt, Coking Unit Capacity (MMTPA), 2000-2013 58
Table 35: Egypt, Hydrocracking Unit Capacity (MMTPA), 2000-2013 58
Table 36: Egypt, Oil and Chemicals Storage Key Statistics, 2009 59
Table 37: Egypt, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 59
Table 38: Egypt, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 60
Table 39: Egypt, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 62
Table 40: BG Group plc, Key Facts 63
Table 41: BG Group plc, SWOT Analysis 70
Table 42: Eni S.p.A., Key Facts 73
Table 43: Eni S.p.A., SWOT Analysis 80
Table 44: Petroliam Nasional Berhad (PETRONAS), Key Facts 85
Table 45: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 89

List of Figures

Figure 1: Egypt, Energy Sector Split By Fuel Type, 2009 10
Figure 2: Egypt, Historic and Forecast Production and Consumption of Crude Oil (Thousand Barrels per Day), 2000-2020 13
Figure 3: Egypt, Historic and Forecast Imports and Exports of Crude Oil (Thousand Barrels Per Day), 2000-2020 15
Figure 4: Egypt, Historic Reserves of Crude Oil (Million Barrels), 1996-2009 17
Figure 5: North Africa, Country Standings, Upstream Fiscal Attractiveness, July 2010 20
Figure 6: North Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, July 2010 22
Figure 7: North Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, July 2010 23
Figure 8: North Africa, Country Standings, Exploration Blocks Awarded, July 2010 24
Figure 9: North Africa, Country Standings, Economic Performance, July 2010 26
Figure 10: North Africa, Country Standings, Socio-Political Performance, July 2010 28
Figure 11: Egypt, Crude Oil Assets Map, 2009 29
Figure 12: Egypt, Total Gross Crude Oil Production (MMBBLs), 2002-2009 30
Figure 13: Egypt, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 33
Figure 14: Egypt, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2009 34
Figure 15: Egypt, Number of Oil Discoveries, 2004- 2009 40
Figure 16: Egypt, Crude Oil Pipeline Length By Company (Km), 2009 52
Figure 17: Egypt, Total Refining Capacity (MMTPA), 2000- 2013 56
Figure 18: Egypt, Refining Capacity by Company (MMTPA), 2009 57
Figure 19: Egypt, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 60
Figure 20: Egypt, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 61