Abstract
Oil Market Outlook in Equatorial Guinea, 2010
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 Equatorial Guinea. 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 Equatorial
Guinea. The report compares the investment environment in Equatorial Guinea
with other countries in the region. The profiles of the major companies
operating in the crude oil sector in Equatorial Guinea 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 Equatorial
Guinea for the period 2000-2013.
- Operator and equity details for major
crude oil assets in Equatorial Guinea.
- Key information relating to
market regulations, key energy assets and the key companies operating in the
Equatorial Guinea’s energy industry.
- Information on the top
companies in the Equatorial Guinea 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 6
1.2 List of Figures 7
2
Equatorial Guinea, Energy Sector 8
2.1 Equatorial Guinea Energy Sector,
Market Overview 8
2.2 Equatorial Guinea Energy Sector, Crude Oil 8
2.2.1 Equatorial Guinea Crude Oil, Overview 8
2.2.2 Equatorial Guinea
Crude Oil, Supply and Demand Balance 8
2.2.3 Equatorial Guinea Crude Oil,
Regulatory Structure 14
2.2.4 Equatorial Guinea Crude Oil, Infrastructure
14
3 Equatorial Guinea Oil Upstream Investment Environment Benchmarking
15
3.1 Introduction 15
3.2 The Overall Ranking 15
3.3 Upstream
Fiscal Attractiveness 15
3.3.1 Maximum Government Take Index 17
3.3.2
Fiscal Flexibility 17
3.3.3 Maximum State Participation 17
3.3.4
Maximum Domestic Market Obligation 18
3.4 Oil Sector Performance 18
3.4.1 Exploration Activity 20
3.4.2 Oil Production 21
3.4.3 Oil
Reserves 21
3.4.4 Oil Consumption 21
3.4.5 Refining Industry 22
3.5 Economic Performance 22
3.5.1 GDP Growth Index 23
3.5.2 FDI
Confidence Index 23
3.5.3 Balance of Trade Index 24
3.6
Socio-Political Performance 24
3.6.1 Democracy Index 25
3.6.2
Governance Index 25
4 Equatorial Guinea Exploration and Production Sector
26
4.1 Equatorial Guinea Exploration and Production Sector, Country
Snapshot 26
4.1.1 Equatorial Guinea Exploration and Production Sector, Key
Data 26
4.1.2 Equatorial Guinea Exploration and Production Sector, Crude
Oil Assets Map 26
4.2 Equatorial Guinea Exploration and Production Sector,
Gross Crude Oil Production 27
4.2.1 Equatorial Guinea Exploration and
Production Sector, Gross Crude Oil-Historical Production 27
4.2.2
Equatorial Guinea Exploration and Production Sector, Gross Crude
Oil-Historical Production by Type 28
4.2.3 Equatorial Guinea Exploration
and Production Sector, Gross Crude Oil Production by Assets 29
4.2.4
Equatorial Guinea Exploration and Production Sector, Gross Equity Weighted
Crude Oil Production by Company 29
4.2.5 Equatorial Guinea Exploration and
Production Oil Sector, Market Share based on Gross Equity Weighted Crude Oil
Production 30
4.3 Equatorial Guinea Exploration and Production Sector,
Gross Crude Oil Forecasts 31
4.3.1 Equatorial Guinea Exploration and
Production Sector, Gross Crude Oil Forecasted Production 31
4.4 Equatorial
Guinea Exploration And Production Sector, Crude Oil Asset Details 32
4.4.1
Equatorial Guinea Exploration And Production Sector, Active Crude Oil Asset
Details 32
4.4.2 Equatorial Guinea Exploration and Production Sector,
Planned Crude Oil Asset Details 32
4.5 Equatorial Guinea Exploration and
Production Sector, Major Oil Discoveries 32
4.5.1 Equatorial Guinea
Exploration and Production Sector, Number of Oil Discoveries, 2004- 2009
32
4.5.2 Equatorial Guinea Exploration And Production Sector, Oil
Discovery Details 33
4.6 Equatorial Guinea Exploration And Production
Sector, Drilling and Production Updates 34
4.6.1 Dec 18, 2009: PA
Resources Announces Planned Drilling Program For 2010 34
5 Equatorial
Guinea FPSO Industry 35
5.1 Equatorial Guinea FPSO Industry, FPSO Capacity
Details by Vessel 35
5.2 Equatorial Guinea FPSO Industry, FPSO Vessel
Specifications 35
6 Profile of Exxon Mobil Corporation 36
6.1 Exxon
Mobil Corporation, Key Information 36
6.2 Exxon Mobil Corporation, Company
Overview 36
6.3 Exxon Mobil Corporation, Business Description 36
6.3.1
Business Overview 36
6.3.2 Chemical 36
6.3.3 Downstream 37
6.3.4
Upstream 39
6.4 Exxon Mobil Corporation, SWOT Analysis 40
6.4.1
Overview 40
6.4.2 Exxon Mobil Corporation Strengths 41
6.4.3 Exxon
Mobil Corporation Weaknesses 42
6.4.4 Exxon Mobil Corporation
Opportunities 43
6.4.5 Exxon Mobil Corporation Threats 44
7 Profile of
Devon Energy Corporation 46
7.1 Devon Energy Corporation, Key Information
46
7.2 Devon Energy Corporation, Company Overview 46
7.3 Devon Energy
Corporation, Business Description 46
7.3.1 Business Overview 46
7.3.2
Exploration and Production 46
7.3.3 Marketing and Midstream 47
7.4
Devon Energy Corporation, SWOT Analysis 48
7.4.1 Overview 48
7.4.2
Devon Energy Corporation Strengths 48
7.4.3 Devon Energy Corporation
Weaknesses 49
7.4.4 Devon Energy Corporation Opportunities 50
7.4.5
Devon Energy Corporation Threats 50
8 Profile of Marathon Oil Corporation
52
8.1 Marathon Oil Corporation, Key Information 52
8.2 Marathon Oil
Corporation, Company Overview 52
8.3 Marathon Oil Corporation, Business
Description 52
8.3.1 Business Overview 52
8.3.2 Exploration and
Production 52
8.3.3 Integrated Gas 53
8.3.4 Oil Sands Mining 54
8.3.5 Refining, Marketing and Transportation 54
8.4 Marathon Oil
Corporation, SWOT Analysis 55
8.4.1 Overview 55
8.4.2 Marathon Oil
Corporation Strengths 56
8.4.3 Marathon Oil Corporation Weaknesses 57
8.4.4 Marathon Oil Corporation Opportunities 58
8.4.5 Marathon Oil
Corporation Threats 59
9 Financial Deals Landscape 61
9.1 Detailed
Deal Summary 61
9.1.1 Partnerships 61
9.1.2 Asset Transactions 62
10 Recent Developments 63
10.1 License Awards 63
10.1.1 May 13, 2010:
Afex Wins Offshore Exploration License In Equatorial Guinea 63
10.2 Other
Significant Developments 63
10.2.1 Aug 16, 2010: Equatorial Guinea To
Increase Oil Production By 110,000 Bpd In 2010 63
10.2.2 Jul 29, 2010:
Noble Energy Announces Updated 2010 Guidance 63
10.2.3 Jan 27, 2010:
Tullow Oil Provides Operations Update 64
10.2.4 Jan 13, 2010: Marathon Oil
Provides Q4 2009 Interim Update 66
10.2.5 Sep 20, 2009: Equatorial Guinea
Seeks Steady Oil Production 68
10.3 New Contracts Announcements 68
10.3.1 Jun 01, 2010: Sillenger Exploration Signs Mineral And Hydrocarbon
Exploration Contract With Government Of Equatorial Guinea To Explore And
Develop Natural Resources 68
10.3.2 Sep 30, 2009: Atwood Oceanics Wins
Hess Contract For ATWOOD BEACON 69
11 Appendix 70
11.1 Methodology
70
11.1.1 Coverage 70
11.1.2 Secondary Research 71
11.1.3 Primary
Research 71
11.1.4 Midstream Forecasts 72
11.1.5 Expert Panel
Validation 72
11.2 Contact Us 72
11.3 About GlobalData 72
11.4
Disclaimer 72
Table 1: Equatorial Guinea, Historic and
Forecast Production and Consumption of Crude Oil (Thousand Barrels per Day),
1996-2020 9
Table 2: Equatorial Guinea, Historic and Forecast Export of
Crude Oil(Thousand Barrels per Day), 1996-2020 11
Table 3: Equatorial
Guinea, Historic Reserves of Crude Oil, 1996-2009 13
Table 4: West Africa,
Investment Benchmarking, Overall Country Rankings, July 2010 15
Table 5:
West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, July
2010 16
Table 6: West Africa, Investment Benchmarking, Oil Sector
Performance, July 2010 18
Table 7: West Africa, Investment Benchmarking,
Economic Performance, July 2010 22
Table 8: West Africa, Country
Standings, Economic Performance, July 2010 22
Table 9: West Africa,
Investment Benchmarking, Socio-Political Performance, July 2010 24
Table
10: West Africa, Country Standings, Socio-Political Performance, July 2010
24
Table 11: Equatorial Guinea, Crude Oil Key Statistics, 2009 26
Table 12: Equatorial Guinea, Total Gross Crude Oil Production (MMBBLs),
2002-2009 27
Table 13: Equatorial Guinea, Gross Crude Oil Production
(MMBBLs) by Type, 2002- 2009 28
Table 14: Equatorial Guinea, Gross Crude
Oil Production (MMBBLs), by Assets, 2002-2009 29
Table 15: Equatorial
Guinea, Gross Equity Weighted Crude Oil Production by Company (MMBBLs),
2002-2009 29
Table 16: Equatorial Guinea, Market Share (%) based on Gross
Equity Weighted Crude Oil Production, 2002-2009 30
Table 17: Equatorial
Guinea, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2010- 2015
31
Table 18: Equatorial Guinea, Active Oil Field Asset Details 32
Table 19: Equatorial Guinea, Planned Oil Field Asset Details 32
Table 20:
Equatorial Guinea, Number of Oil Discoveries, 2004-2009 32
Table 21:
Equatorial Guinea, Oil Discovery Details, 2004-2009 33
Table 22:
Equatorial Guinea FPSO Industry, FPSO Oil Production Capacities, 2009 35
Table 23: Equatorial Guinea FPSO Industry, FPSO Vessel Specifications, 2009
35
Table 24: Exxon Mobil Corporation, Key Facts 36
Table 25:
Exxon Mobil Corporation, SWOT Analysis 41
Table 26: Devon Energy
Corporation, Key Facts 46
Table 27: Devon Energy Corporation, SWOT
Analysis 48
Table 28: Marathon Oil Corporation, Key Facts 52
Table 29: Marathon Oil Corporation, SWOT Analysis 56
Table 30: Gasol
To Form A Joint Venture With Sonagas 61
Table 31: Devon Energy Sells Its
Oil And Gas Business In Equatorial Guinea To GEPetrol 62
Figure 1: Equatorial Guinea, Historic and Forecast Production and Consumption
of Crude Oil (Thousand Barrels per Day), 1996-2020 10
Figure 2: Equatorial
Guinea, Historic and Forecast Export of Crude Oil(Thousand Barrels per Day),
1996-2020 12
Figure 3: Equatorial Guinea, Crude Oil Reserves (Million
Barrels), 1996-2009 14
Figure 4: West Africa, Country Standings, Upstream
Fiscal Attractiveness, July 2010 17
Figure 5: West Africa, Country
Standings, Oil Sector Performance, by Reserves-Exploration & Production, July
2010 18
Figure 6: West Africa, Country Standings, Oil Sector Performance,
by Production-Consumption & Refining, July 2010 20
Figure 7: West Africa,
Country Standings, Exploration Blocks Awarded, July 2010 21
Figure 8: West
Africa, Country Standings, Economic Performance, July 2010 23
Figure 9:
West Africa, Country Standings, Socio-Political Performance, July 2010 25
Figure 10: Equatorial Guinea, Crude Oil Assets Map, 2009 26
Figure 11:
Equatorial Guinea, Total Gross Crude Oil Production (MMBBLs), 2002-2009 27
Figure 12: Equatorial Guinea, Gross Crude Oil Production (MMBBLs) by Type,
2002-2009 28
Figure 13: Equatorial Guinea, Gross Equity Weighted Crude Oil
Production (MMBBLs), by Company, 2002-2009 30
Figure 14: Equatorial
Guinea, Market Share (%) based on Gross Equity Weighted Crude Oil Production,
2009 31
Figure 15: Equatorial Guinea, Number of Oil Discoveries, 2004-
2009 33
