New Market Research Report: Kuwait Oil & Gas Report Q3 2012

Oct. 7, 2012 - PRLog -- BMI View: Kuwait's rise in output will be relatively slow and steady, and we see the country producing 3.5mn barrels per day (b/d) by 2021. However, a substantial rise in oil consumption will reduce the oil that is available for the export market. We see a faster increase in gas production in the second half of our 10-year forecast period, with output crossing 16bcm by 2020. Kuwait will continue to remain a net gas importer and refined products exporter.

We highlight these trends and developments in Kuwait's oil & gas sector:

* BMI sees Kuwaiti oil production rising from an estimated 2.5mn b/d in 2011 to 3mn b/d by 2017, then to 3.5mn b/d by 2021.
* The advance of Project Kuwait, an ambitious scheme to enable international oil company (IOC) upstream investment, is critical to boosting oil production, given the mature nature of the giant Burgan field. However, bureaucratic gridlock has persistently disrupted the implementation of the plan, hampering investment and therefore weighing on production capacity.
* Regulatory approval of the long-delayed al-Zour refinery and the Clean Fuels Project will allow Kuwait to significantly boost both production and exports of refined products, including lowsulphur diesel and Euro-4 gasoline.
* Significant non-associated gas in the Jurassic fields in Kuwait's north must be monetised in order to lessen dependence on gas imports, which we see continuing through to 2021. LNG imports could be supplemented by the re-activation of pipeline imports from Iraq (which have been suspended since 1990).
* We expect Kuwaiti gas production to rise from an estimated 12.3bcm in 2011 to over 16bcm by 2021, with imports rising to around 6.4bcm by the end of our 10-year forecast period.

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Full Report Details at
- http://www.fastmr.com/prod/451316_kuwait_oil_gas_report_q...
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Kuwait's dependence on oil leads to high volatility in the country's export revenues. Our forecasts of slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis clearly pose a threat to global oil demand. At the time of writing, our forecasts see OPEC basket oil prices falling from US$111.47 per barrel (bbl) in 2012 to US$107.00/bbl in 2013, which will have a detrimental impact on the country's macroeconomic outlook.

Report Table of Contents:

SWOT Analysis
- Kuwait Oil & Gas SWOT
Global Energy Market Outlook
- Table: Oil Production Forecasts, 2010-2016 ('000 b/d)
- Table: Oil Consumption Forecast, 2010-2016 ('000 b/d)
Regional Energy Market Outlook
Kuwait Energy Market Overview
- Table: Kuwait - Upstream Project Database
Industry Forecast Scenario
- Table: Kuwait Oil & Gas - Historical Data & Forecasts, 2009-2016
- Table: Kuwait Oil & Gas - Long-Term Forecasts, 2014-2021
- Oil And Gas Reserves
- Oil Supply And Demand
- Gas Supply And Demand
- LNG
- Refining And Oil Products Trade
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Kuwait
- Service Stations
- Oil Storage Facilities
- Oil Terminals/Ports
- Oil Pipelines
- LNG Terminals
- Gas Pipelines
- Gas Booster Stations
Regional and Country Risk/Reward Ratings
- Table: BMI O&G Risk/Reward Ratings
- Table: BMI Upstream Risk/Reward Ratings
- Table: BMI Downstream Risk/Reward Ratings
- Kuwait Upstream Rating - Overview
- Kuwait Upstream Rating - Rewards
- Kuwait Upstream Rating - Risks
- Kuwait Downstream Rating - Overview
Competitive Landscape
- Executive Summary
- Table: Key Players - Kuwaiti Oil & Gas Sector
- Overview/State Role
- Licensing And Regulation
- Government Policy
- International Energy Relations
- Table: Key Upstream Player
- Table: Key Downstream Players
Company Monitor
- Kuwait Petroleum Corporation (KPC)
- Kuwait National Petroleum Company (KNPC)
- Chevron
- Royal Dutch Shell - Summary
- Total - Summary
- Oula Fuel Marketing Company - Summary
- Soor Fuel Marketing Company - Summary
- Kuwait Energy - Summary
- Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table : Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm)
- Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
- Table: Net LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Methodology And Risks To Forecasts
Glossary Of Terms
- Table: Glossary Of Terms
Oil And Gas Risk/Reward Ratings Methodology
- Ratings Overview
- Table: BMI's Oil & Gas Business Environment Ratings - Structure
- Indicators
- Table: BMI's Oil & Gas Upstream Ratings - Methodology
- Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology
BMI Methodology
- How We Generate Our Industry Forecasts
- Energy Industry
- Cross checks
- Sources

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