Algeria Oil & Gas Report

Providing expert analysis, independent forecasts and competitive intelligence on the oil and gas industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Oil & Gas Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles, Competitive Landscape and Global and Regional Overview.

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Algeria Oil & Gas Report
Product Price
$1,295.00

BMI View: The outlook on Algerian oil production is heavily bearish, due to rapid decline rates at mature producing fields and the small pipeline of projects currently under development. The outlook on gas is slightly more positive, although strong domestic consumption growth will continue to weigh on exports. Reversing longer-term production declines depends on pulling increased foreign investment into the sector. However, the prospects here are clouded by an unattractive fiscal and regulatory regime and the weakened commodity price environment.

Headline Forecasts (Algeria 2013-2019)
2013 2014 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 1,314.3 1,374.7 1,330.1 1,340.7 1,351.3 1,344.4 1,337.6
Dry natural gas production, bcm 81.5 84.0 81.3 83.8 88.2 93.1 98.2
Dry natural gas consumption, bcm 37.5 38.2 39.0 39.4 40.2 41.4 42.6
Refined products production, 000b/d 492.3 497.2 503.2 509.2 516.4 523.6 530.9
Refined products consumption & ethanol, 000b/d 367.1 396.7 411.4 424.0 439.6 457.9 477.8
Brent, USD/bbl 108.70 99.50 55.00 54.00 53.00 60.00 64.00

Key Trends & Latest Updates

  • Algeria has substantial underexplored acreage. However, exploration will remain limited due to Sonatrach's strained financial position and a lack of foreign involvement in the sector.

  • The long-term outlook on oil and gas production is heavily bearish. A spate of small to medium-sized projects will support medium-term production growth, but a lack of new projects scheduled to come onstream beyond 2018-2019 will see decline rates outpacing new production.

  • Oil and gas consumption will continue to grow, as pervasive subsidies fuel inefficient consumption patterns.

  • The combination of rising consumption and falling production will severely undercut exports of both oil and gas towards the end of our forecast period. Revenues will be further impacted by the sustained lower commodity prices.

BMI Industry View
7
Table: Headline Forecasts (Algeria 2013-2019)
7
SWOT
8
Oil & Gas SWOT
8
Industry Forecast
9
Upstream Exploration
9
Table: Proven Oil and Gas Reserves (Algeria 2013-2018)
9
Table: Proven Oil and Gas Reserves (Algeria 2019-2024)
9
Table: Total Mean Undiscovered Conventional Resources In Basins Covering Algeria
10
Table: Algeria Fourth International Bid Round Block Awards
11
Upstream Projects
14
Table: Algeria Major Upstream Projects
14
Upstream Production - Oil
16
Table: Oil Production (Algeria 2013-2018)
16
Table: Oil Production (Algeria 2019-2024)
16
Upstream Production - Gas
19
Table: Gas Production (Algeria 2013-2018)
19
Table: Gas Production (Algeria 2019-2024)
19
Refining
22
Table: Refining Capacity and Refined Products Production (Algeria 2013-2018)
22
Table: Refining Capacity and Refined Products Production (Algeria 2019-2024)
22
Refined Fuels Consumption
24
Table: Refined Products Consumption* (Algeria 2013-2018)
24
Table: Refined Products Consumption* (Algeria 2019-2024)
24
Gas Consumption
29
Table: Gas Consumption (Algeria 2013-2018)
29
Table: Gas Consumption (Algeria 2019-2024)
29
Trade - Gas (Pipeline & LNG)
32
Table: Gas Net Exports (Algeria 2013-2018)
32
Table: Gas Net Exports (Algeria 2019-2024)
33
Table: Algeria LNG Contracts
34
Trade - Oil
37
Table: Crude Oil Net Exports (Algeria 2013-2018)
37
Table: Crude Oil Net Exports (Algeria 2019-2024)
37
Table: Refined Fuels Net Exports (Algeria 2013-2018)
40
Table: Refined Fuels Net Exports (Algeria 2019-2024)
40
Table: Total Net Oil Exports - Crude & Products (Algeria - 2013-2018)
41
Table: Total Net Oil Exports - Crude & Products (Algeria - 2019-2024)
42
Industry Risk Reward Ratings
43
Africa Oil & Gas Risk/Reward Index
43
Table: BMI's Africa Oil & Gas Risk/Reward Index
43
Above-Ground Risks Dulling Below-Ground Potential
46
Table: BMI's Africa Upstream Risk/Reward Index
46
Downstream Sector Holds Limited Opportunity
49
Table: BMI's Africa Downstream Risk/Reward Index
49
Algeria - Risk/Reward Index
51
Market Overview
53
Algeria Energy Market Overview
53
Overview/State Role
53
Licensing And Regulation
53
Licensing Rounds
54
Oil And Gas Infrastructure
55
LNG
55
Table: Algeria Operational LNG Export Terminals
55
Oil Refineries
56
Table: Algeria Operational Refineries
56
Gas Pipelines
56
Competitive Landscape
58
Competitive Landscape Summary
58
Table: Key Players In The Algerian Energy Sector
59
Table: Key Upstream Players
59
Table: Key Downstream Players
60
Company Profile
61
Enterprise Nationale Sonatrach
61
Anadarko
68
Eni Algeria Production
71
BP
75
Total
78
Repsol
81
BHP Petroleum
85
Cepsa
87
Statoil
91
Other Summaries
94
Regional Overview
98
Africa Oil & Gas Regional Overview
98
Global Industry Overview
106
Global Energy Market Overview
106
Table: Top 10 Global Oil Producers - Crude Oil, Condensates & NGLs Production ('000b/d)
106
Table: Oil Production Growth 2015-2024* ('000b/d)
109
Table: Oil Production Growth 2015-2024* ('000b/d)
110
Appendix
112
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
112
Table: Energy Price Forecasts (Global 2013-2018)
112
Table: Energy Price Forecasts (Global 2019-2024)
113
Africa - Regional Appendix
114
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
114
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
115
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
116
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
117
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
118
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
119
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
120
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
120
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
121
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
122
Table: LNG Net Exports - Historical Data & Forecasts, 2012-2019 (bcm)
123
Table: LNG Net Exports - Long-Term Forecasts, 2016-2024 (bcm)
124
Algeria - Total Hydrocarbons, 10-Year Forecasts
125
Table: Total Hydrocarbons Production, Consumption and Net Exports (Algeria 2013-2018)
125
Table: Total Hydrocarbons Production, Consumption and Net Exports (Algeria 2019-2024)
125
Algeria - Refined Products Breakdown, 10-Year Forecasts
126
Table: Refined Petroleum Products, Production Breakdown (Algeria 2013-2018)
126
Table: Refined Petroleum Products, Production Breakdown (Algeria 2019-2024)
127
Table: Refined Petroleum Products, Consumption Breakdown (Algeria 2013-2018)
128
Table: Refined Petroleum Products, Consumption Breakdown (Algeria 2019-2024)
130
Table: Refined Petroleum Products, Net Exports Breakdown (Algeria 2013-2018)
131
Table: Refined Petroleum Products, Net Exports Breakdown (Algeria 2019-2024)
132
Table: LPG Production, Consumption and Net Exports (Algeria 2013-2018)
133
Table: LPG Production, Consumption and Net Exports (Algeria 2019-2024)
133
Glossary
134
Table: Glossary Of Terms
134
Methodology
136
Industry Forecast Methodology
136
Source
138
Risk/Reward Index Methodology
138
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
140
Table: Weighting
141

The Algeria Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Algeria including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Algeria Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Algerian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Algeria to test consensus views - a key input for successful budgeting and strategic business planning in the Algerian oil and gas market.
  • Target business opportunities and risks in the Algerian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Algeria.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

  • Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – USD/bbl) at global hubs.
  • Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.
  • Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMI’s Oil & Gas Risk Reward Index

BMI’s Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

A profile of the upstream and downstream sectors, including analysis of reserves, output, consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Competitive landscape

Comparative company analyses by USD sales, % share of total sales, number of employees, year established, ownership structure, oil production (‘000b/d), gas production (bcm), downstream capacity (‘000b/d) and % market share.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Regional Overview

Regional perspective on size and value of the industry. Plus comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Global Oil Market & Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2024 for oil, gas and oil products.

Sources

The Oil & gas Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.