United Arab Emirates Oil & Gas Report Q2 2016: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Apr 28 2016

While the government will fall short of its 3.5mn b/d production target for 2020, oil production is set for significant growth over the coming three to five years. The outlook on gas is more bearish, due to the high cost and technically challenging nature of the country's non-associated gas resource base. Rising gas reinjection into the UAE's maturing oilfields will also undercut marketable production over the longer term. The consumption outlook for both oil and gas is strong, although ongoing subsidy reform will somewhat temper growth. The UAE will grow increasingly dependent on imports of pipeline gas and LNG across the forecast period. However, it is set to become a net exporter of fuels from 2016 due to the expansion at Ruwais.

We highlight the following trends and developments in the UAE's oil & gas sector:

A number of projects under development will boost oil and gas production in the coming years. However, the UAE is heavily reliant on maturing oil fields and accelerated depletion rates in a lower oil price environment remain a risk to the sector.

Full Report Details at
- http://www.fastmr.com/prod/1152776_united_arab_emirates_oil_gas.aspx?afid=301

The UAE holds little unexplored territory and the space for a major new discovery is limited; reserves will be supported by continued improvement in recovery rates.

Refined fuels consumption growth is set to remain strong, despite ongoing subsidy reform. The impact of reforms will be somewhat blunted in the short run by the sharp fall in international oil prices and a sustained uptrend in vehicle sales.

Gas consumption growth will remain strong, although the pace of growth will slow progressively due to increased electricity tariffs and diversification of the domestic power mix towards nuclear and renewables.

The UAE has seen its refined capacity and refined fuels output grow significantly in 2015 as the Ruwais refinery expansion was brought on stream. The UAE will become a net exporter of refined fuels from 2016, added to its substantial crude export volumes.

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

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for United Arab Emirates to test consensus views - a key input for successful budgeting and strategic business planning in the Emirati oil and gas market.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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