Gabon Oil Markets, 2011


#45339

98pages

GlobalData

$ 2500

In Stock


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 Gabon. 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 and pipelines) in Gabon. The report compares the investment environment in Gabon with other countries in the region. The profiles of the major companies operating in the crude oil sector in Gabon 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 2000-2020.
  • Historical and forecast data and information for all the major oil fields, refineries and pipelines in Gabon for the period 2000-2015.
  • Operator and equity details for major crude oil assets in Gabon.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Gabons energy industry.
  • Information on the top companies in the Gabon 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 countrys 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 competitors 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
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Gabon Energy Sector 10
2.1 Gabon Energy Sector, Market Overview 10
2.2 Gabon Energy Sector, Crude Oil 10
2.2.1 Gabon Crude Oil, Overview 10
2.2.2 Gabon Crude Oil, Supply and Demand Balance 11
2.2.3 Gabon Crude Oil, Regulatory Structure 16
2.2.4 Gabon Crude Oil, Infrastructure 16

3 Gabon Oil Upstream Investment Environment Benchmarking 17
3.1 Introduction 17
3.2 The Overall Ranking 17
3.3 Upstream Fiscal Attractiveness 17
3.3.1 Maximum Government Take Index 19
3.3.2 Fiscal Flexibility 19
3.3.3 Maximum State Participation 19
3.3.4 Maximum Domestic Market Obligation 19
3.4 Oil Sector Performance 19
3.4.1 Exploration Activity 21
3.4.2 Oil Production 22
3.4.3 Oil Reserves 22
3.4.4 Oil Consumption 23
3.4.5 Refining Industry 23
3.5 Economic Performance 23
3.5.1 GDP Growth Index 25
3.5.2 FDI Confidence Index 25
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 25
3.6.1 Democracy Index 27
3.6.2 Governance Index 27

4 Gabon Exploration and Production Sector 28
4.1 Gabon Exploration and Production Sector, Country Snapshot 28
4.1.1 Gabon Exploration and Production Sector, Key Data 28
4.1.2 Gabon Exploration and Production Sector, Crude Oil Assets Map 28
4.2 Gabon Exploration and Production Sector, Gross Crude Oil Production 29
4.2.1 Gabon Exploration and Production Sector, Total Gross Crude Oil Production 29
4.2.2 Gabon Exploration and Production Sector, Gross Crude Oil Production by Type 30
4.2.3 Gabon Exploration and Production Sector, Gross Crude Oil Production by Assets 31
4.2.4 Gabon Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 32
4.2.5 Gabon Exploration and Production Sector, Market Share of Key Companies Based on Gross Equity Weighted Crude Oil Production 33
4.3 Gabon Exploration and Production Sector, Gross Crude Oil Forecasts 34
4.3.1 Gabon Exploration and Production Sector, Gross Crude Oil Forecasted Production 34
4.4 Gabon Exploration And Production Sector, Crude Oil Asset Details 35
4.4.1 Gabon Exploration And Production Sector, Active Crude Oil Asset Details 35
4.4.2 Gabon Exploration And Production Sector, Planned Crude Oil Asset Details 36
4.5 Gabon Exploration And Production Sector, Major Oil Discoveries 36
4.5.1 Gabon Exploration And Production Sector, Number of Oil Discoveries, 2005-2010 36
4.5.2 Gabon Exploration And Production Sector, Oil Discovery Details 37
4.6 Gabon Exploration And Production Sector, Recent Discoveries 38
4.6.1 Jun 13, 2011: Harvest Natural Resources Discovers Oil In Pre-Salt Offshore Gabon 38
4.6.2 Nov 15, 2010: Maurel & Prom Encounters Saturated Hydrocarbon Reserves At OMOC-N-302 Well In Onal AEE, Gabon 38
4.6.3 Sep 16, 2010: Maurel & Prom Announces Oil Discovery At OMOC-N-301 Well In Gabon 39
4.6.4 Jun 16, 2010: VAALCO Energy Discovers Oil At ETSEM-1 Well In Southeast Etame Prospect, Offshore Gabon 39
4.6.5 Dec 22, 2009: Maurel & Prom Finds Hydrocarbons At OMGW-1 Well In Gabon 40
4.7 Gabon Exploration And Production Sector, Drilling and Production Updates 40
4.7.1 Jul 21, 2011: Harvest Natural Resources Provides Update On DRM-1 Well In Dussafu Marin PSC, Offshore Gabon 40
4.7.2 May 13, 2011: Addax Petroleum Daily Crude Production Hits 40,357 Barrels In Gabon 41
4.7.3 Apr 29, 2011: Harvest Natural Resources Commences Drilling Operations On Ruche Marin-A Exploration Well In Gabon 41
4.7.4 Apr 04, 2011: VAALCO Energy Expects To Resume Full Production In Gabon Within 24 Hours 41
4.7.5 Dec 08, 2010: VAALCO Energy Commences First Production From ET-7H Development Well, Offshore Gabon 42

5 Gabon FPSO Industry 43
5.1 Gabon FPSO Industry, FPSO Capacity Details by Vessel 43
5.2 Gabon FPSO Industry, FPSO Vessel Specifications 43

6 Gabon FSO Industry 44
6.1 Gabon FSO Industry, FSO Capacity Details by Vessel 44
6.2 Gabon FSO Industry, FSO Vessel Specifications 44

7 Gabon Pipeline Sector 45
7.1 Gabon Pipeline Sector, Key Data 45
7.2 Gabon Pipeline Sector, An Overview 45
7.3 Gabon Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 45
7.4 Gabon Pipeline Sector, Crude Oil Pipelines 47

8 Gabon Refining Sector 48
8.1 Gabon Refining Sector, Key Data 48
8.2 Gabon Refining Sector, An Overview 48
8.2.1 Gabon Refining Sector, Total Refining Capacity 48
8.3 Gabon Refining Sector, Market Shares by Company 49
8.4 Gabon Refining Sector, Crude Distillation Unit Capacity 50

9 Profile of Perenco 51
9.1 Perenco, Key Information 51
9.2 Perenco, Company Overview 51
9.3 Perenco, Business Description 51
9.3.1 Business Overview 51

10 Profile of Eni S.p.A. 54
10.1 Eni S.p.A., Key Information 54
10.2 Eni S.p.A., Company Overview 54
10.3 Eni S.p.A., Business Description 54
10.3.1 Business Overview 54
10.3.2 Exploration & Production 56
10.3.3 Gas & Power 57
10.3.4 Other activities 58
10.3.5 Petrochemicals 58
10.3.6 Refining and Marketing 59
10.3.7 Refining and Marketing 60
10.4 Eni S.p.A., SWOT Analysis 61
10.4.1 Overview 61
10.4.2 Eni S.p.A. Strengths 62
10.4.3 Eni S.p.A. Weaknesses 63
10.4.4 Eni S.p.A. Opportunities 64
10.4.5 Eni S.p.A. Threats 65

11 Profile of Total S.A. 67
11.1 Total S.A., Key Information 67
11.2 Total S.A., Company Overview 67
11.3 Total S.A., Business Description 67
11.3.1 Business Overview 67
11.3.2 Chemicals 68
11.3.3 Downstream 68
11.3.4 Upstream 69
11.4 Total S.A., SWOT Analysis 71
11.4.1 Overview 71
11.4.2 Total S.A. Strengths 72
11.4.3 Total S.A. Weaknesses 73
11.4.4 Total S.A. Opportunities 74
11.4.5 Total S.A. Threats 74

12 Financial Deals Landscape 76
12.1 Detailed Deal Summary 76
12.1.1 Acquisition 76
12.1.2 Equity Offerings 77
12.1.3 Debt Offerings 81
12.1.4 Asset Transactions 82

13 Recent Developments 87
13.1 License Rounds 87
13.1.1 Oct 13, 2010: Gabon Delays Oil Exploration Block Auction 87
13.1.2 Sep 23, 2010: Gabon To Launch 10th Licensing Round In October 2010 87
13.1.3 Mar 13, 2010: Gabon Offers 42 Offshore Oil Blocks For Exploration 88
13.2 License Awards 88
13.2.1 Dec 01, 2009: VAALCO Energy Extends Etame Marin Exploration Permit To 2014 88
13.3 Other Significant Developments 88
13.3.1 Apr 08, 2011: Harvest Natural Resources Provides Q1 2011 Operations Update 88
13.3.2 Apr 01, 2011: VAALCO Energy Provides Operations Update Following Gabon Industrial Action 90
13.3.3 Jan 11, 2011: Harvest Natural Resources Provides Operations Update 91
13.3.4 Jan 05, 2011: Maurel & Prom Updates On Nigeria And Gabon Operations 94
13.3.5 Nov 25, 2010: Perenco Updates On Offshore Drilling Campaign In Gabon 95
13.3.6 Nov 10, 2010: Fugro Airborne Completes Airborne Acquisition For Eni Gabon 95

14 Appendix 96
14.1 Abbreviations 96
14.2 Methodology 96
14.2.1 Coverage 96
14.2.2 Secondary Research 97
14.2.3 Primary Research 97
14.2.4 Expert Panel Validation 97
14.3 Contact Us 98
14.4 Disclaimer 98

Table 1: Gabon, Historic and Forecast Production and Consumption of Crude Oil, Thousand Barrels Per Day, 2000-2020 11
Table 2: Gabon, Historic and Forecast Exports of Crude Oil, Thousand Barrels Per Day, 2000-2020 13
Table 3: Gabon, Historic Reserves of Crude Oil, Million Barrels, 2000-2010 15
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, Aug 2011 17
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, Aug 2011 18
Table 6: West Africa, Investment Benchmarking, Oil Sector Performance, Aug 2011 19
Table 7: West Africa, Investment Benchmarking, Economic Performance, Aug 2011 23
Table 8: West Africa, Country Standings, Economic Performance, Aug 2011 24
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, Aug 2011 25
Table 10: West Africa, Country Standings, Socio-Political Performance, Aug 2011 26
Table 11: Gabon, Crude Oil Key Statistics, 2010 28
Table 12: Gabon, Total Gross Crude Oil Production (MMBBLs), 2003- 2010 29
Table 13: Gabon, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2010 30
Table 14: Gabon, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2010 31
Table 15: Gabon, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2003-2010 32
Table 16: Gabon, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2010 33
Table 17: Gabon, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2011- 2015 34
Table 18: Gabon, Active Oil Field Assets Details 35
Table 19: Gabon, Planned Oil Field Assets Details 36
Table 20: Gabon, Number of Oil Discoveries, 2005-2010 36
Table 21: Gabon, Oil Discovery Details, 2005-2010 37
Table 22: Gabon FPSO Industry, FPSO Oil Production Capacities, Aug 2011 43
Table 23: Gabon FPSO Industry, FPSO Vessel Specifications, Aug 2011 43
Table 24: Gabon FSO Industry, FSO Oil Production Capacities, Aug 2011 44
Table 25: Gabon FSO Industry, FSO Vessel Specifications, Aug 2011 44
Table 26: Gabon, Pipeline Key Statistics, Aug 2011 45
Table 27: Gabon, Crude Oil Pipeline Length by Company (Km), Aug 2011 45
Table 28: Gabon, Crude Oil Pipelines, Aug 2011 47
Table 29: Gabon, Refinery Key Statistics, Aug 2011 48
Table 30: Gabon, Total Refining Capacity (MMTPA), 2000- 2015 48
Table 31: Gabon, Refining Capacity by Company (MMTPA), 2000- 2015 49
Table 32: Gabon, Crude Distillation Unit Capacity (MMTPA), 2000-2015 50
Table 33: Perenco, Key Facts 51
Table 34: Eni S.p.A., Key Facts 54
Table 35: Eni S.p.A., SWOT Analysis 61
Table 36: Total S.A., Key Facts 67
Table 37: Total S.A., SWOT Analysis 71
Table 38: Perenco Acquires Marathon Oil Gabon 76
Table 39: Sterling Energy Completes Private Placement Of $103.47 Million 77
Table 40: BowLeven Completes Private Placement For $113.26 Million 78
Table 41: Afren Completes Offering Of Shares For $126.3 Million 79
Table 42: Pioneer Natural Resources Completes Public Offering Of 7.5% Senior Notes Offering For $450 Million 81
Table 43: Ophir Energy To Sell 50% Interest In Mbeli And Ntsina Blocks To Petrobras 82
Table 44: Total To Acquire Interests In Onshore Exploration Licenses In Gabon 83
Table 45: Hess Sells Interest In Clair Field And Gabon To Shell 84
Table 46: VAALCO Energy Enters Into Farm-Out Agreement With Total Gabon 85
Table 47: Addax Petroleum To Farm-In 50% Interest In Ogueyi License Area In Gabon From Perenco 86
Figure 1: Gabon, Energy Consumption Split By Fuel Type (%), 2010 10
Figure 2: Gabon, Historic and Forecast Production and Consumption of Crude Oil, Thousand Barrels Per Day, 2000-2020 12
Figure 3: Gabon, Historic and Forecast Exports of Crude Oil, Thousand Barrels Per Day, 2000-2020 14
Figure 4: Gabon, Historic Reserves of Crude Oil, Million Barrels, 2000-2010 15
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, Aug 2011 18
Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, Aug 2011 20
Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Aug 2011 21
Figure 8: West Africa, Country Standings, Exploration Blocks Awarded, Aug 2011 22
Figure 9: West Africa, Country Standings, Economic Performance, Aug 2011 24
Figure 10: West Africa, Country Standings, Socio-Political Performance, Aug 2011 26
Figure 11: Gabon, Crude Oil Assets Map, Aug 2011 28
Figure 12: Gabon, Total Gross Crude Oil Production (MMBBLs), 2003-2010 29
Figure 13: Gabon, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2010 30
Figure 14: Gabon, Gross Equity Weighted Crude Oil Production (MMBBLs) by Key Companies, 2003-2010 32
Figure 15: Gabon, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2010 33
Figure 16: Gabon, Number of Oil Discoveries, 2005-2010 37
Figure 17: Gabon, Crude Oil Pipeline Length By Company (Km), Aug 2011 46
Figure 18: Gabon, Total Refining Capacity (MMTPA), 2000- 2015 49
Figure 19: Gabon, Refining Capacity-Wise Market Share (%) By Company, 2010 50