Mena Oil and Gas Projects Market 2015

Transcription

1 Mena Oil and Gas Projects Market 2015 A comprehensive overview of the Mena upstream oil and gas, downstream refining and petrochemical sectors, with a particular focus on the projects market A MEED Insight report

2 Table of contents Table of contents... 2 List of tables... 7 List of figures Preface Executive summary Introduction Future projects and forecasts Algeria Overview Sonatrach Regulatory environment Licensing rounds Upstream oil Overview Oil projects Upstream gas Major gas projects Refining Overview Grassroots refinery programme Butane storage LNG Pipelines Domestic network International network Petrochemicals Projects Bahrain Overview Structure Upstream oil Gas Refining Petrochemicals Projects market Contractors Egypt Overview Organisation Oil and gas hierarchy Oil production Natural gas production...69 The Mena Oil & Gas Market

3 6.6 Exploration and development terms Main players BP Eni BG Shell Smaller operators Upstream project work Refining Petrochemicals Olefins Petrochemical project pipeline Tahrir Petrochemicals Fertilisers The Mopco case Egypt s oil and gas projects market Contractors Iraq Overview Structure Upstream oil Bid rounds Future production scenarios Gas Gas processing Midstream projects Export terminals Jordan export pipeline Refining Refinery projects Petrochemicals Projects market Contractors Jordan Overview Structure Upstream oil Oil shale Upstream gas Gas imports Aqaba LNG terminal Refining/storage Projects Kuwait Overview Structure The Mena Oil & Gas Market

4 9.3 Upstream oil Export facilities Upstream projects Other projects Gas Refining New refinery project Clean fuels project Other projects Petrochemicals Future plans Projects market Contractors Libya Overview Civil war Structure Upstream oil Gas Refining Petrochemicals Projects market Morocco Overview Licensing regime Upstream oil Oil shale Gas Upstream LNG Refining Projects market Oman Overview Structure Upstream oil Gas Oman Gas Company spending The Khazzan project Refining Sohar refinery expansion Duqm refinery and petrochemical complex Petrochemicals Liwa Plastics Sohar Salalah The Mena Oil & Gas Market

5 12.4 Projects market Contractors Qatar Overview Structure Upstream oil Gas LNG Dolphin gas Al-Khalij and Barzan gas developments GTL NGL Refining Petrochemicals Overview Future petrochemical projects Projects market Contractors Saudi Arabia Overview Structure Upstream oil Natural gas Refining Petrochemicals Issues Outlook Refining petrochemicals integration initiative Key companies Sabic Saudi Aramco Sadara Chemical Company PetroRabigh Other major producers Projects market Contractors Tunisia Overview Structure Oil and gas production Refining Projects market UAE Overview Structure Supreme Petroleum Council The Mena Oil & Gas Market

6 Abu Dhabi National Oil Company (Adnoc) Non-Adnoc subsidiaries Dubai and the Northern Emirates Upstream oil Onshore Offshore Gas Offshore gas and LNG Dolphin Energy Refining Other refiners Oil storage Petrochemicals Abu Dhabi Polymers Company (Borouge) Abu Dhabi Chemicals Company (Chemaweyaat) Projects market Contractors The Mena Oil & Gas Market

7 List of tables Table 1: Selected future oil, gas and chemicals projects in Mena Table 2: Residential and commercial natural gas prices Table 3: Awards stemming from the 2011 Egas bid round Table 4: Blocks offered by EGPC in the Gulf of Suez and Western Desert Table 5: Selected upstream projects in Egypt, 2009-present Table 6: Local refineries, Table 7: Planned and recently commissioned petrochemical and fertiliser projects Table 8: Selected major planned oil and gas projects Table 9: EPC contractor ranking by value of contracts won, ($m) Table 10: Key NOCs Table 11: Distribution of oil reserves, Table 12: Licensing round one Table 13: Summary of oil field licences Table 14: Summary of the fourth licensing round Table 15: Gas fields signed under the third licensing round Table 16: Iraq-Jordan export pipeline infrastructure project Table 17: Current installed refineries Table 18: Refinery upgrade programme, Table 19: Announced grassroots refinery projects Table 20: Petrochemical plants Table 21: Fertiliser plants Table 22: Pre-construction phase projects planned in Iraq Table 23: Selected contract awards, Table 24: Cost of consumed energy Table 25: Jordan s production of crude oil and natural gas, Table 26: Jordan oil refinery production, ( 000 tonnes) Table 27: Imports of crude oil and oil products, ( 000 tonnes) Table 28: KOC drilling programme Table 29: Kuwait projects forecast by status Table 30: Selected Libya oil fields Table 31: Libya oil producing fields Table 32: Downstream facilities Table 33: Export terminals Table 34: Petrochemicals plants Table 35: Libya major oil and gas projects, October Table 36: Oman oil and gas blocks Table 37: Output by producer, ( 000 b/d) Table 38: Oil sector contract awards Table 39: Major planned and unawarded oil projects Table 40: Major gas project awards Table 41: Major planned or unawarded gas projects Table 42: Selected Oman petrochemicals projects Table 43: QP board members, September Table 44: Mesaieed and Laffan refineries Table 45: Qatar ethylene producers Table 46: Saudi Aramco domestic refining joint ventures Table 47: International joint ventures Table 48: Saudi Arabia major refinery projects Table 49: Selected Saudi Arabia petrochemicals projects The Mena Oil & Gas Market

8 Table 50: Oil and gas concessions, without Etap Table 51: Supreme Petroleum Council, June Table 52: Major oil and gas operating companies Table 53: Abu Dhabi oil producers Table 54: Refineries, October Table 55: Existing and planned oil storage capacity in Fujairah, ( 000 cubic metres) Table 56: Main construction packages on the Borouge 3 expansion Table 57: Selected major planned oil and gas projects Table 58: The 10 largest oil and gas contract awards under execution The Mena Oil & Gas Market

9 List of figures Figure 1: Mena proven oil reserves, 31 December Figure 2: Mena oil production*, 2013 (actual output) Figure 3: Mena gas reserves, 31 December Figure 4: Mena gas production, 31 December 2013 (actual) Figure 5: Mena oil and gas contract awards, Figure 6: Mena contract awards by state, ($m) Figure 7: Oil and gas contract awards by country, Figure 8: EPC awards by subsector, ($m) Figure 9: Contract awards by client, Figure 10: The 20 largest contractors in Mena, Figure 11: Unawarded major oil and gas projects in Mena, October Figure 12: Breakdown of Mena planned and unawarded oil and gas projects by subsector ($m) Figure 13: Indicative value of major oil and gas awards in Mena, Figure 14: Algeria oil and gas facilities Figure 15: Sonatrach subsidiaries and shareholdings Figure 16: Algeria bid round Figure 17: Algeria oil consumption, Figure 18: Algeria s oil and gas fields Figure 19: Algeria gas production, Figure 20: Algeria 2013 LNG exports (billion cubic metres) Figure 21: Algeria 2013 gas exports via pipeline (billion cubic metres) Figure 22: Gas export routes Figure 23: Algeria gas consumption Figure 24: Downstream oil and gas infrastructure Figure 25: Algeria pipeline network Figure 26: Galsi pipeline route Figure 27: TSGP route Figure 28: Algeria project awards, Figure 29: Algeria project awards by sector, ($m) Figure 30: Algeria projects forecast by status Figure 31: Algeria projects forecast by sector Figure 32: Bahrain s oil production and consumption, Figure 33: Bahrain gas reserves, Figure 34: Bahrain gas production, Figure 35: Bahrain project awards, Figure 36: Bahrain projects awards by sector, ($m) Figure 37: Bahrain projects forecast by status Figure 38: Bahrain projects forecast by sector ($m) Figure 39: Egypt oil and gas fields and discoveries Figure 40: Structure of the oil and gas sector Figure 41: Egypt petroleum exports, Figure 42: Oil and gas trade, Figure 43: Egyptian crude output/consumption, Figure 44: Egypt oil production and demand, Figure 45: Gas output/consumption, Figure 46: Gas production and demand, Figure 47: Overdue payments from EGPC to IOCs, 2004/05-Dec Figure 48: Acreage covered by Egas 2012 bid round Figure 49: BP s oil and gas interests Figure 50: BG s oil and gas interests The Mena Oil & Gas Market

10 Figure 51: Proposed sites for Echem s 20-year masterplan Figure 52: Petrochemical output and sales, 2000/ / Figure 53: Echem spending, 2004/05-11/ Figure 54: Egypt oil, gas and chemical contracts, Figure 55: Awards by project type, (% - total $10.57bn) Figure 56: Iraq crude production, Figure 57: Iraq crude production, Figure 58: Crude oil production scenarios, Figure 59: Total gas reserves (%) Figure 60: Major gas fields Figure 61: Gas field licensing auction Figure 62: Projected gas volumes from licensed oil and gas fields, Figure 63: Southern oil export terminal expansion Figure 64: Proposed Iraq-Jordan crude oil export project Figure 65: Oil products supply/demand, Figure 66: Contract awards, Figure 67: Contract awards by type, (% - total $26.45bn) Figure 68: Planned projects by status (% - total $68.42bn) Figure 69: Future projects by type (% - total $68.42bn) Figure 70: Contract awards forecast, Figure 71: Contract wins, 2009-Oct Figure 72: Jordan forecasted energy mix 2020 (%) Figure 73: Jordan s percentage ratio of final energy distribution, 2013 (%) Figure 74: Kuwait oil production and consumption, Figure 75: Kuwait s gas consumption and production, Figure 76: Kuwait project awards, Figure 77: Kuwait project awards by sector, ($m) Figure 78: Kuwait projects forecast by sector ($m) Figure 79: Libya oil output, Figure 80: Libyan oil output, Figure 81: Major oil producing basins Figure 82: Production facilities, pipelines, export facilities, refineries and petrochemical plants Figure 83: Libyan gas output, Figure 84: Libyan gas output, Figure 85: Western Libya gas project facilities and pipelines Figure 86: Morocco crude oil consumption, Figure 87: Natural gas consumption, Figure 88: Oman oil and gas blocks Figure 89: Average oil production*, Figure 90: Gas production, Figure 91: LNG exports, Figure 92: Khazzan gas reserves Figure 93: Gas supply outlook, Figure 94: Refined products, production and consumption, Figure 95: EPC awards in Oman by year and sector, Figure 96: EPC contracts by sector (% - total $8.96m) Figure 97: Average daily gas production, Figure 98: Qatar oil/condensate reserves, Figure 99: Qatar oil and gas fields Figure 100: Qatar oil production*, Figure 101: North field wellhead gas production, Figure 102: Qatar proven gas reserves, The Mena Oil & Gas Market

11 Figure 103: Qatar natural gas production, Figure 104: Qatar s utilisation of gas production (%) Figure 105: Qatar LNG exports, Figure 106: Qatar LNG exports, Figure 107: QP s NGL production, Figure 108: Qatar oil/condensate and NGLs mix, Figure 109: Share of petrochemicals and fertilisers in Qatar's overall exports Figure 110: Proposed layout of the QP/Shell petrochemical complex Figure 111: Qatar projects awarded by sector, ($m) Figure 112: Qatar projects awarded by sector ($m) Figure 113: Saudi Arabia crude oil production, Figure 114: Saudi Arabia oil consumption, Figure 115: Saudi Arabia recoverable crude oil, Figure 116: Saudi Arabia recoverable gas, Figure 117: Saudi Aramco raw gas to gas plants, Figure 118: Exports by region, 2013 (%) Figure 119: Oil to chemical production Figure 120: Saudi Aramco delivered sales gas and ethane gas to gas plants, Figure 121: Saudi Arabia projects awarded by sector, Figure 122: Saudi Arabia projects awarded by sector ($m) Figure 123: Tunisia crude output, Figure 124: Tunisia crude output, Figure 125: Tunisia gas production/consumption, Figure 126: Tunisia energy assets Figure 127: UAE oil and gas fields Figure 128: Structure of Abu Dhabi s oil and gas industry Figure 129: Crude output, Figure 130: Abu Dhabi oil production by field, 2013 (b/d) Figure 131: Blocks covered by the Korean/Adnoc concession agreement Figure 132: Gas production/consumption, Figure 133: Gasco s gas processing plants (t/d) Figure 134: LNG exports/imports, Figure 135: Dolphin gas pipeline network Figure 136: UAE refining capacity, Figure 137: Borouge expansion programmes, Figure 138: Oil and gas contract awards, Figure 139: Contract awards by sector, Figure 140: Contract awards by sector, (%) Figure 141: Forecast EPC awards, Figure 142: EPC contracts under execution by contractor Copyright 2014 MEED Media FZ LLC All rights reserved. No part of this publication may be reproduced, stored in any retrieval system, or transmitted in any form, by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior permission of the copyright owner. While every care has been taken in completing this report, no responsibility can be accepted for any errors or omissions that may occur. The Mena Oil & Gas Market