Market Report, "Libya Oil & Gas Report Q2 2015", published

From: Fast Market Research, Inc.
Published: Wed Apr 22 2015

Oil production in Libya remains highly volatile, as pervasive insecurity continues to disrupt operations. Despite a significant ramp-up in output in recent weeks, we expect repeated supply outages, dragging down overall production volumes for 2015. A protracted civil conflict will slow the pace of recovery over the coming years, depressing sustainable output levels below 1mn b/d, across our 10-year forecast period.

The key trends and developments in Libya's oil and gas sector are:

* Libya's oil and gas reserves stood at an estimated at 48.0bn barrels (bbl) and 1.5trn cubic metres (tcm), respectively, at the start of 2015. However, political risks, the introduction of new production sharing contracts and a revised hydrocarbon law are all likely to affect the country's business environment and international appetite for investment.
* Ongoing instability in Libya affected production throughout 2014, and we expect this dynamic to continue through 2015. We forecast 2015 production of 639,000 barrels per day (b/d). We have revised down our longer-term forecast, expecting weaker investor sentiment and infrastructural and reservoir damage to drag down the country's sustainable production levels.
* We estimate that in 2015 gas production will decline to about 6.9bn cubic metres (bcm), as a result of...

Full Report Details at

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

Key Benefits

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


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

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