Equatorial Guinea Oil and Gas Report - Business Monitor International - Industry Reports

Equatorial Guinea Oil and Gas Report

Equatorial Guinea Oil and Gas Report - Business Monitor International - Industry Reports
Equatorial Guinea Oil and Gas Report
Published Sep 03, 2016
83 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Alba gas and condensate field, extend its production life by eight years and its plateau production by two years. Earlier in ---- we pushed back first gas production from the Fortuna floating liquefied natural gas (FLNG) project to ---- from our previous estimate of ---- based on Ophir s updated FID and first production date forecasts. ...Alba gas and condensate field, extend its production life by eight years and its plateau production by two years. Earlier in ---- we pushed back first gas production from the Fortuna floating liquefied natural gas (FLNG) project to ---- from our previous estimate of ---- based on Ophir s updated FID and first production date forecasts. The agreement with Schlumberger fell through in early ---- and Ophir is now looking for alternative financing sources leading to delays in FID and first production at the project. ...According to various reports, the company will either look to debt finance the project or for one of the LNG offtakers to provide buyer financing (a loan secured against the gas as part of an offtake contract). There are still risks to the project s realisation, given the negative LNG industry environment at the moment with a large amount of LNG plants coming online within the coming years and the slowing demand for LNG in Europe and Asia, and with full sales and purchase agreements for the project yet to be signed.

...Equatorial Guinea is forecast to see its oil and gas reserves decline significantly over our forecast period to ---- due to maturing fields and lack of new significant discoveries. There are upside risks from a string of recent exploration activities offshore, as well as the new reduced-oil price environment attracting investors to lower-risk and lower-cost ventures such as Equatorial Guinea. ...Equatorial Guinea is forecast to see its oil and gas reserves decline significantly over our forecast period to ---- due to maturing fields and lack of new significant discoveries. Despite benefiting from low oil prices, in the absence of significant improvements in the fiscal terms on offer and broader regulatory stability, the country will be unable to draw investment into its prospective but riskier deepwater acreage. We expect a smaller decline in production over --------- relative to recent years thanks to increased production from the Aseng and Alen projects and the Alba B- Compression unit. ...In the absence of significant improvements in the fiscal terms on offer and broader regulatory stability, the country will be unable to draw investment into its prospective deepwater acreage. Marathon Oil s Alba B- compression platform has been installed and began production in July ----.

...With proven below-ground potential and existing infrastructure, Equatorial Guinea is set to benefit from the retrenchment by companies to lower-risk ventures. This provides much-needed upside potential to the country s falling reserves and production. ...

  
Source:
Document ID
1758-4736
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Equatorial Guinea Oil and Gas Report" Sep 03, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Equatorial-Guinea-Oil-and-Gas-Report-2026-590>
  
APA:
Business Monitor International - Industry Reports. (2016). Equatorial Guinea Oil and Gas Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Equatorial-Guinea-Oil-and-Gas-Report-2026-590>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.