A string of significant discoveries in Gabon's deepwater offshore offer upside risk to the country's longer term oil production outlook, although a challenging operating environment, the strains of a lower oil price environment and long project lead times all pose risk to the downside. The country's gas outlook remains heavily bearish, due to a low level of investment in midstream infrastructure, a lack of export options and limited domestic offtake.
The main trends and developments we highlight for Gabon's oil and gas sector are as follows:
* While we expect some near-term gains in oil production, the longer term trend for Gabon's oil sector is one of decline, due to both natural depletion at maturing fields and limited new production coming on stream.
* Although Gabon's deepwater potential offers significant upside risk to our view, the country's new hydrocarbons law has materially worsened fiscal and regulatory terms for international oil and gas companies.
* The absence of a clear investment plan to capture and monetise gas informs our bearish outlook on Gabon's gas sector. Harnessing gas will require infrastructure which the country lacks, and we question the commerciality of the country's offshore gas resources.
* Gabon's oil and gas infrastructure is critically limited. The only...
Full Report Details at
- http://www.fastmr.com/prod/944713_gabon_oil_gas_report_q1_2015.aspx?afid=301
The Gabon Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Gabon 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 Gabon Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Gabonese oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for Gabon to test consensus views - a key input for successful budgeting and strategic business planning in the Gabonese oil and gas market.
* Target business opportunities and risks in the Gabonese oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Gabon.
* 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
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Gabon Oil & Gas Report Q1 2015: New research report available at Fast Market Research
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001