DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/a6dca5/peru_oil_and_gas_r) has announced the addition of the "Peru Oil and Gas Report Q1 2011" report to their offering.
The Peru Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Peru's oil and gas industry.
The latest Peru Oil & Gas Report from the publishers forecasts that the country will account for 2.54% of Latin American regional oil demand by 2015, while providing 2.57% of supply. Latin American regional use will average an estimated 7.80mn barrels per day (b/d) in 2010. It should rise to 7.96mn b/d in 2011 and reach 8.49mn b/d by 2015. Regional oil production in 2010 should average an estimated 10.02mn b/d. It is set to rise to 11.68mn b/d by 2015. Oil exports have been slipping, because demand growth has exceeded the pace of supply expansion. In 2001, the region was exporting an average of 3.37mn b/d. This total falls to an estimated 2.29mn b/d in 2010 and is forecast to slip further to 2.22mn b/d in 2015. The principal exporters will be Mexico, Venezuela, Colombia and Brazil.
For 2011, there is considerable oil demand and oil price uncertainty, but still a very strong possibility that oil will trend higher. Economic growth may have been subdued late in 2010 and into early 2011, but should still support meaningful oil demand increases. Non-OPEC supply is likely to emerge only slightly higher so, with continued OPEC discipline, the foundations have been laid for an oil price rise albeit falling well short of the improvement seen this year. It seems likely that the 2010 average OPEC basket price will have emerged around the US$77.00 per barrel (bbl) level, representing a year-on-year (y-o-y) gain of around 27%. Progress towards at least US$80 is seen as achievable in 2011.
Perus real GDP in 2010 is assumed by BMI to rise by 7.8%, with an expected annual average increase of 5.7% in 2010-2015. BMI are now assuming that oil and gas liquids production could reach 300,000b/d by 2015 as additional gas liquids volumes kick in. The country is expected to have pumped 150,000b/d in 2010. Consumption, beyond 2009 weakness, is forecast to increase by at least 2-3% per annum to 2015, implying demand of 216,000b/d by the end of the forecast period. The export potential would therefore be about 84,000b/d by 2015. Gas production is forecast to increase from an estimated 7.0bcm in 2010 to 12.0bcm over the period, with net exports of up to 6.0bcm by 2015.
Between 2010 and 2020, BMI are forecasting an increase in Peruvian oil production of 87.6%, with crude and gas liquids volumes peaking at 305,000b/d in 2016, before falling steadily to 281,000b/d at the end of the 10-year forecast period. Oil consumption between 2010 and 2020 is set to increase by 23.1%, with growth slowing to an assumed 2.0% per annum towards the end of the period and the country using 238,000b/d by 2020. Gas production is expected to rise steadily, from an estimated 7.0bcm in 2010 to 15.0bcm in 2020. With demand growth of 125%, this implies export potential rising from 3bcm in 2010 to at least 6bcm in 2020. Details of BMIs 10-year forecasts can be found in the appendix to this report.
For more information visit http://www.researchandmarkets.com/research/a6dca5/peru_oil_and_gas_r
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Peru Energy Market Overview
- Global Oil Market Review
- Global Oil Market Outlook
- Oil Supply, Demand And Price Outlook
- Regional Energy Market Overview
- Gas Supply And Demand
- Business Environment Ratings
- Business Environment
- Industry Forecast Scenario
- Long-Term Oil And Gas Outlook
- Competitive Landscape
- Company Monitor
- Oil And Gas Outlook: Long-Term Forecasts
- Glossary Of Terms
- BMI Methodology
Companies Mentioned:
- Petrleos Del Per (Petroper)
- Repsol YPF Peru
- Sapet Peru/CNPC Summary
- Maple Gas Summary
- Pluspetrol Summary
- Hunt Oil Summary
- Perenco Summary
- SK Corporation Summary
- Petrobras Summary
- ConocoPhillips Summary
- Savia Per Summary
- Reliance Industries Summary
- Talisman Energy Summary
- BPZ Energy/Shell Summary
- Others Summary
For more information visit http://www.researchandmarkets.com/research/a6dca5/peru_oil_and_gas_r