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
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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
Latest Updates and Key Forecasts
7
SWOT
9
Industry Forecast
11
Upstream Exploration
11
Latest Updates
11
Structural Trends
11
Upstream Projects
13
Table: Venezuela - Major Upstream Projects
13
Upstream Production - Oil
15
Latest Updates
15
Structural Trends:
15
Table: Oil Production (Venezuela 2014-2019)
24
Table: Oil Production (Venezuela 2020-2025)
24
Upstream Production - Gas
25
Latest Updates
25
Structural Trends
25
Table: Gas Production (Venezuela 2014-2019)
28
Table: Gas Production (Venezuela 2020-2025)
28
Refining
29
Latest Updates
29
Structural Trends
29
Table: Refining Capacity and Refined Products Production (Venezuela 2014-2019)
33
Table: Refining Capacity and Refined Products Production (Venezuela 2020-2025)
33
Refined Fuels Consumption
34
Latest Updates
34
Structural Trends
34
Table: Refined Products Consumption (Venezuela 2014-2019)
36
Table: Refined Products Consumption (Venezuela 2020-2025)
36
Gas Consumption
36
Latest Updates
36
Structural Trends
37
Table: Gas Consumption (Venezuela 2014-2019)
38
Table: Gas Consumption (Venezuela 2020-2025)
38
Trade - Oil
39
Crude Oil
39
Latest Updates
39
Structural Trends
39
Table: Crude Oil Net Exports (Venezuela 2014-2020)
42
Table: Crude Oil Net Exports (Venezuela 2020-2025)
42
Refined Products
42
Latest Updates
42
Structural Trends
43
Table: Refined Fuels Net Exports (Venezuela 2014-2019)
44
Table: Refined Fuels Net Exports (Venezuela 2020-2025)
45
Trade - Gas (Pipeline And LNG)
45
Latest Updates
45
Structural Trends
45
Table: Gas Net Exports (Venezuela 2014-2019)
48
Table: Gas Net Exports (Venezuela 2020-2025)
48
Industry Risk Reward Index
49
Latin America - Oil & Gas Risk/Reward Index
49
Table: Latin America - Composite Risk/Reward Index
49
Composite RRI: Industry Downturn Weighs On Regional Performance
50
Upstream: Few Shifts, But Changes Loom
51
Table: Latin America - Upstream Risk/Reward Index
52
Downstream: Medium-Term Outlook Reinforces Current Dynamics
54
Table: Latin America Downstream Risk/Reward Index
56
Venezuela - Risk/Reward Index
57
Venezuela Upstream Index - Overview
57
Downstream Index - Overview
58
Market Overview
59
Venezuela Energy Market Overview
59
Overview
59
State Role
59
Licensing And Regulation
60
Government Policy
60
International Energy Relations
61
Oil And Gas Infrastructure
65
Oil Refineries
65
Table: Active Refineries In Venezuela
66
Oil Pipelines
69
LNG Terminals
69
Gas Pipelines
70
Competitive Landscape
72
Competitive Landscape Summary
72
Table: Key Players - Venezuela Oil & Gas Sector
74
Table: Key Upstream Players
74
Table: Key Downstream Player
75
Company Profile
76
PDVSA
76
Table: Major Upstream Assets in Venezuela
77
Table: Key Financial Data (USDmn)
77
Chevron
79
Table: Major Upstream Assets in Venezuela
80
Table: Key Financial Data (USDmn)
80
Repsol Venezuela
82
Table: Major Upstream Assets In Venezuela
83
Table: Key Financial Data (USDmn)
83
Total Venezuela
85
Table: Major Upstream Assets In Venezuela
86
Table: Key Financial Data (USDmn)
86
Regional Overview
87
Latin America Overview
87
Table: Latin America Oil And Gas Production, Refining Capacity And Trade, 2014-2025
96
Glossary
98
Table: Glossary Of Terms
98
Methodology
100
Industry Forecast Methodology
100
Source
102
Risk/Reward Index Methodology
102
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
104
Table: Weighting
105