South Africa Oil and Gas Report - Business Monitor International - Industry Reports

South Africa Oil and Gas Report

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

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Abstract:

While South Africa does not have a vast proven conventional hydrocarbons reserve base, it holds a substantial offshore and unconventional potential. However, exploration remains heavily constrained by regulatory uncertainties and bureaucratic delay. ...Other liquids production is forecast to increase from ---,---b/d in ---- to ---,---b/d over the same period. � While South Africa s large refining capacity is set to remain stable at ---,---b/d across our forecast period, the facilities will be heavily underutilised due to a number of domestic and external pressures. Enforcement of the new emission standards from ---- onward poses a large downside risk to the refined products production forecast. ...Proposals for an LNG import facility provide significant upside risk to our projections. However, continued uncertainty surrounding the FSRU tendering process and gas procurement framework poses a rising risk of delay.

...BMI View: Major planned overhauls of the country s regulatory and fiscal regimes are a broad positive for the South African oil and gas sector. However, the pace of reform remains slow, limiting the upside to the upstream sector over the short to medium term. As a result, despite relatively moderate oil consumption growth, domestic production will struggle to keep pace with demand, driving a higher dependence on imports. Our outlook on the downstream segment remains heavily bearish, mainly due to ageing and poorly efficient refining capacity, weak profitability and limited appetite for investment. Table: Headline Forecasts (South Africa ---------) ---- ----e ----f ----f ----f ----f ----f Crude, NGPL & other liquids prod, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Refined products production, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Refined products consumption & ethanol, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Dry natural gas production, bcm -.- -.- -.- -.- -.- -.- -.- ...Our outlook on the downstream segment remains heavily bearish, mainly due to ageing and poorly efficient refining capacity, weak profitability and limited appetite for investment. Table: Headline Forecasts (South Africa ---------) ---- ----e ----f ----f ----f ----f ----f Crude, NGPL & other liquids prod, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Refined products production, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Refined products consumption & ethanol, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Dry natural gas production, bcm -.- -.- -.- -.- -.- -.- -.-

...With estimated --.-mn barrels (bbl) of proven oil reserves and --.-bn cubic metres (bcm) of proven gas reserves in ----, South Africa does not have a major conventional hydrocarbons resource base. Nonetheless, South Africa s upside potential is significant, including offshore exploration in the Orange and Tugela Basins and shale gas and coal bed methane (CBM) exploration in the Karoo Basin. ...

  
Source:
Document ID
1748-4251
Country
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. "South Africa Oil and Gas Report" Sep 03, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Oil-and-Gas-Report-2026-515>
  
APA:
Business Monitor International - Industry Reports. (2016). South Africa Oil and Gas Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Africa-Oil-and-Gas-Report-2026-515>
  
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