Venezuela 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.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
×

Sign up to download the Venezuela Oil & Gas Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Venezuela Oil & Gas Report
Product Price
$1,345.00

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

Key Benefits

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

BMI Industry View
7
Table: Headline Forecasts (Venezuela 2014-2020)
7
SWOT
9
Industry Forecast
11
Upstream Exploration
11
Latest Updates
11
Structural Trends
11
Upstream Projects
13
Table: Venezuela - Key Upstream Projects
13
Upstream Production - Oil
15
Latest Updates
15
Structural Trends
15
Table: Oil Production (Venezuela 2014-2019)
22
Table: Oil Production (Venezuela 2020-2025)
22
Upstream Production - Gas
23
Latest Updates
23
Structural Trends
23
Table: Gas Production (Venezuela 2014-2019)
27
Table: Gas Production (Venezuela 2020-2025)
27
Refining
27
Latest Updates
27
Structural Trends
27
Table: Refining Capacity and Refined Products Production (Venezuela 2014-2019)
32
Table: Refining Capacity and Refined Products Production (Venezuela 2020-2025)
32
Refined Fuels Consumption
32
Latest Updates
32
Structural Trends
33
Table: Refined Products Consumption (Venezuela 2014-2019)
34
Table: Refined Products Consumption (Venezuela 2020-2025)
34
Gas Consumption
35
Latest Updates
35
Structural Trends
35
Table: Gas Consumption (Venezuela 2014-2019)
37
Table: Gas Consumption (Venezuela 2020-2025)
37
Trade - Oil
37
Crude Oil: Latest Updates
37
Crude Oil: Structural Trends
38
Table: Crude Oil Net Exports (Venezuela 2014-2020)
42
Table: Crude Oil Net Exports (Venezuela 2020-2025)
42
Refined Products: Latest Updates
43
Refined Products: Structural Trends
43
Table: Refined Fuels Net Exports (Venezuela 2014-2019)
45
Table: Refined Fuels Net Exports (Venezuela 2020-2025)
46
Trade - Gas (Pipeline And LNG)
46
Latest Updates
46
Structural Trends
46
Table: Gas Net Exports (Venezuela 2014-2019)
49
Table: Gas Net Exports (Venezuela 2020-2025)
49
Industry Risk/Reward Index
50
Latin America - Oil & Gas Risk/Reward Index
50
Table: Latin America - Composite Risk/Reward Index
50
Composite RRI: Weaker Prices Extend Traditional Rankings
51
Upstream RRI: Sector Nearing Significant Change
52
Table: Latin America - Upstream Risk/Reward Index
53
Downstream: NOC Dominance Will Extend Capacity Deficit
55
Table: Latin America Downstream Risk/Reward Index
57
Venezuela - Risk/Reward Index
58
Venezuela Upstream Index - Overview
58
Downstream Index - Overview
59
Market Overview
60
Venezuela Energy Market Overview
60
State Role
60
Licensing And Regulation
61
Government Policy
61
International Energy Relations
62
Oil And Gas Infrastructure
68
Oil Refineries
68
Table: Active Refineries In Venezuela
68
Oil Pipelines
71
LNG Terminals
72
Gas Pipelines
72
Competitive Landscape
74
Competitive Landscape Summary
74
Table: Key Upstream Players
74
Table: Key Downstream Player
74
Company Profile
75
PDVSA
75
Table: Major Upstream Assets in Venezuela
76
Table: Key Financial Data (USDmn)
76
Chevron
78
Table: Major Upstream Assets in Venezuela
79
Table: Key Financial Data (USDmn)
79
Repsol Venezuela
80
Table: Major Upstream Assets In Venezuela
81
Table: Key Financial Data (USDmn)
81
Total Venezuela
82
Table: Major Upstream Assets In Venezuela
83
Table: Key Financial Data (USDmn)
83
Regional Overview
84
Latin America Overview
84
Table: Latin America Oil And Gas Production, Consumption, Refining Capacity And Trade
91
Glossary
93
Table: Glossary Of Terms
93
Methodology
95
Industry Forecast Methodology
95
Source
97
Risk/Reward Index Methodology
97
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
99
Table: Weighting
100