East Timor Oil and Gas Report - Business Monitor International - Industry Reports

East Timor Oil and Gas Report

East Timor Oil and Gas Report - Business Monitor International - Industry Reports
East Timor Oil and Gas Report
Published Oct 01, 2016
61 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Timor-Leste s crude oil and natural gas production will both remain on a firm downtrend over the next decade, as a slowdown in exploration in the Joint Petroleum Development Area (JPDA) and territorial dispute over the highly prospective Greater Sunrise fields severely undermine the country s long-term production growth potential. As of December ----, Eni s Kitan field is no longer producing, having reached the end of its normal operating life. ...Crude oil net exports will decline throughout our forecast period, in line with falling production at the Bayu-Undan. In contrast, the country s dependence on fuels imports will deepen over the coming years in order to meet rising demand from the domestic power, transportation and residential sectors. Talks are ongoing for a possible --,---b/d refining and petrochemicals complex in Betano, though as discussions are still in very early stages, we have not factored the facility into our forecasts at this time. ...In contrast, the country s dependence on fuels imports will deepen over the coming years in order to meet rising demand from the domestic power, transportation and residential sectors. Talks are ongoing for a possible --,---b/d refining and petrochemicals complex in Betano, though as discussions are still in very early stages, we have not factored the facility into our forecasts at this time.

...While there remains a possibility of exploratory efforts leading to new oil discoveries, muted exploration activity in TLEA, a territory over which East Timor has full ownership, curtails the possibility of a significant discovery being made over the coming years. This provides limited medium-to-long term upside risk to reserves. Eni Timor Leste SpA is currently the only operator with ongoing exploration activities in TLEA. The firm is part of a consortium exploring the PSC S----- block, and has previously relinquished four blocks in the area after analysing data and assessing their potential. Table: Proven Oil And Gas Reserves (Timor-Leste ---------) ----e ----e ----f ----f ----f ----f Proven oil reserves, mn bbl ---.- ---.- ---.- ---.- ---.- ---.- Proven oil reserves, bn bbl -.- -.- -.- -.- -.- -.- Reserves to production ratio (RPR), years --.- --.- -.- -.- -.- -.- Proven oil reserves, y-o-y --.- --.- --.- --.- ---.- ---.- Natural gas proven reserves, bcm --.- --.- --.- --.- --.- --.- ...The firm is part of a consortium exploring the PSC S----- block, and has previously relinquished four blocks in the area after analysing data and assessing their potential. Table: Proven Oil And Gas Reserves (Timor-Leste ---------) ----e ----e ----f ----f ----f ----f Proven oil reserves, mn bbl ---.- ---.- ---.- ---.- ---.- ---.- Proven oil reserves, bn bbl -.- -.- -.- -.- -.- -.- Reserves to production ratio (RPR), years --.- --.- -.- -.- -.- -.- Proven oil reserves, y-o-y --.- --.- --.- --.- ---.- ---.- Natural gas proven reserves, bcm --.- --.- --.- --.- --.- --.-

...BMI View: The outlook on the Timorese upstream sector remains bearish, on account of projections for its crude oil and natural gas production to steadily decline over the course of the next decade, amid a dearth of exploration activities and natural declines at the Bayu-Undan. Falling oil production will drive a comparable drop-off in its net crude oil exports, while rising demand increases the need for refined fuels imports. ...

  
Source:
Document ID
2058-0746
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "East Timor Oil and Gas Report" Oct 01, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/East-Timor-Oil-and-Gas-Report-2026-1816>
  
APA:
Business Monitor International - Industry Reports. (2016). East Timor Oil and Gas Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/East-Timor-Oil-and-Gas-Report-2026-1816>
  
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