Egypt 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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  • Get a full view of the competitive landscape to assess your market position
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Egypt Oil & Gas Report
Product Price
$1,295.00

BMI View: Pledged investment in upstream developments and LNG imports will be crucial to meeting gas demand over the next five years, while t he Zohr discovery could solve Egypt's gas challenges in the long term. Policy slippage with subsidy reform and payment schedules to oil and gas companies, pose the largest risk to slowing the positive momentum.

Headline Forecasts (Egypt 2013-2019)
2013 2014 2015f 2016f 2017f 2018f 2019f
f = BMI forecast. Source: JODI, IEA, EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 692.5 671.9 674.0 663.3 656.1 649.3 642.8
Dry natural gas production, bcm 56.1 48.8 44.3 43.0 45.0 45.6 46.9
Dry natural gas consumption, bcm 51.4 48.3 50.0 49.0 53.0 53.6 54.9
Refined products production, 000b/d 541.5 510.8 530.0 540.1 549.4 637.4 650.1
Refined products consumption & ethanol, 000b/d 764.2 797.4 803.3 825.6 843.5 848.8 857.2
Brent, USD/bbl 108.70 99.50 55.00 51.00 53.00 55.00 60.00

We highlight the following trends and developments in Egypt's oil and gas sector:

  • Eni has lined up the appraisal drilling for the 840bcm Zohr discovery for January 2016.

  • BP, Eni and Total have committed USD229mn to exploration in the North El Tabya, North Ras El Esh and North El Hammad blocks awarded in the latest licensing round.

  • EGAS is preparing a new bid round for the offshore Mediterranean - including deep water areas - expected to be launched in the first half of 2016.

  • BP has brought forward the start date of the West Nile Delta project six months to early 2017.

  • Oil production, particularly from Apache and Eni's efforts in the Western desert, has surprised to the upside, with output in 2015 higher than in 2014.

  • Fuel subsidies will only be reduced 30% by 2020, rather than fully normalised with global prices previously planned. This may support stronger long-term consumption.

  • Gasoline and diesel consumption have grown most powerfully over 2015, though year-on-year, total fuel consumption remains flat.

  • BG farmed-in to Cyprus' Aphrodite field increasingly the likelihood of sending gas to the idle Idku LNG terminal.

  • The BW Singapore arrived at the Port of Ain Sokhna in October 2015, increasing LNG import capacity to around 12.9bcm.

  • Technip will be undertaking a modernisation programme at the Assuit refinery and a 60,000b/d expansion at the MIDOR refinery, both targeting increased diesel output.

BMI Industry View
7
Table: Headline Forecasts (Egypt 2013-2019)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
11
Upstream Exploration
11
Table: Onshore And Offshore International Bid Round 2013 Awards
12
Table: Wellhead Gas Prices
13
Table: Proven Oil and Gas Reserves (Egypt 2013-2018)
14
Table: Proven Oil and Gas Reserves (Egypt 2019-2024)
14
Upstream Projects
15
Table: Key Upstream Oil And Gas Projects In Egypt
15
Upstream Production - Oil
19
Table: Oil Production (Egypt 2013-2018)
21
Table: Oil Production (Egypt 2019-2024)
21
Upstream Production - Gas
22
Table: Gas Production (Egypt 2013-2018)
25
Table: Gas Production (Egypt 2019-2024)
25
Refining
26
Table: Refining Capacity and Refined Products Production (Egypt 2013-2018)
29
Table: Refining Capacity and Refined Products Production (Egypt 2019-2024)
29
Refined Fuels Consumption
30
Table: Refined Products Consumption* (Egypt 2013-2018)
30
Table: Refined Products Consumption* (Egypt 2019-2024)
30
Gas Consumption
33
Table: New Natural Gas Subsidies For Grid Connected Users
34
Table: Gas Consumption (Egypt 2013-2018)
34
Table: Gas Consumption (Egypt 2019-2024)
35
Trade - Oil
35
Table: Crude Oil Net Exports (Egypt 2013-2018)
35
Table: Crude Oil Net Exports (Egypt 2019-2024)
36
Table: Refined Fuels Net Exports (Egypt 2013-2018)
38
Table: Refined Fuels Net Exports (Egypt 2019-2024)
38
Table: Total Net Oil Exports - Crude and Products (Egypt 2013-2018)
40
Table: Total Net Oil Exports - Crude and Products (Egypt 2019-2024)
40
Trade - Gas (Pipeline And LNG)
41
Table: Gas Net Exports (Egypt 2013-2018)
41
Table: Gas Net Exports (Egypt 2019-2024)
42
Industry Risk Reward Index
44
Africa Oil & Gas Risk/Reward Index
44
Table: BMI's Africa Oil & Gas Risk/Reward Index
44
Above-Ground Risks Dulling Below-Ground Potential
47
Table: BMI's Africa Upstream Risk/Reward Index
47
Downstream Sector Holds Limited Opportunity
50
Table: BMI's Africa Downstream Risk/Reward Index
50
Egypt - Risk/Reward Index
52
Market Overview
54
Egypt Energy Market Overview
54
Regulation
54
Political Regime
54
Fiscal Regime
56
Table: Egyptian Tax Regime
56
Licensing Rounds
56
Table: Onshore And Offshore International Bid Round 2013 Awards
57
Oil And Gas Infrastructure
58
Oil Refineries
58
Table: Refineries In Egypt
58
Service Stations
60
Oil Storage Facilities
60
Oil Terminals/Ports
60
Oil Pipelines
60
LNG Terminals
61
Table: LNG Export Terminals In Egypt
61
Table: LNG Import Terminals
62
Gas Pipelines
62
Competitive Landscape
63
Competitive Landscape Summary
63
Table: Key Players - Egyptian Energy Sector
65
Table: Key Upstream Players
65
Table: Key Downstream Players
66
Company Profile
67
Egyptian General Petroleum Corporation
67
BP Egypt
71
Eni Egypt
76
Shell Egypt
81
BG Egypt
85
Apache Energy
92
Dana Gas
97
Edison
102
L1 Energy Dea
106
Other Summaries
110
Regional Overview
120
Africa Oil & Gas Regional Overview
120
Global Industry Overview
128
Global Energy Market Overview
128
Table: Top 10 Global Oil Producers - Crude Oil, Condensates & NGLs Production ('000b/d)
128
Table: Oil Production Growth 2015-2024* ('000b/d)
131
Table: Oil Production Growth 2015-2024* ('000b/d)
132
Appendix
134
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
134
Table: Energy Price Forecasts (Global 2013-2018)
134
Table: Energy Price Forecasts (Global 2019-2024)
135
Africa - Regional Appendix
136
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
136
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
137
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
138
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
139
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
140
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
141
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
142
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
142
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
143
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
144
Table: LNG Net Exports - Historical Data & Forecasts, 2012-2019 (bcm)
145
Table: LNG Net Exports - Long-Term Forecasts, 2016-2024 (bcm)
146
Egypt - Total Hydrocarbons, 10-Year Forecasts
147
Table: Total Hydrocarbons Production, Consumption and Net Exports (Egypt 2013-2018)
147
Table: Total Hydrocarbons Production, Consumption and Net Exports (Egypt 2019-2024)
147
Egypt - Refined Products Breakdown, 10-Year Forecast
148
Table: Refined Petroleum Products, Production Breakdown (Egypt 2013-2018)
148
Table: Refined Petroleum Products, Production Breakdown (Egypt 2019-2024)
149
Table: Refined Petroleum Products, Consumption Breakdown (Egypt 2013-2018)
150
Table: Refined Petroleum Products, Consumption Breakdown (Egypt 2019-2024)
151
Table: Refined Petroleum Products, Net Exports Breakdown (Egypt 2013-2018)
153
Table: Refined Petroleum Products, Net Exports Breakdown (Egypt 2019-2024)
153
Table: LPG Production, Consumption and Net Exports (Egypt 2013-2018)
154
Table: LPG Production, Consumption and Net Exports (Egypt 2019-2024)
155
Glossary
156
Table: Glossary Of Terms
156
Methodology
158
Industry Forecast Methodology
158
Source
160
Risk/Reward Index Methodology
160
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
162
Table: Weighting
163

The Egypt Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Egypt 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 Egypt Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Egyptian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Egypt to test consensus views - a key input for successful budgeting and strategic business planning in the Egyptian oil and gas market.
  • Target business opportunities and risks in the Egyptian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Egypt.
  • 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.