DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/354718/kuwait_oil_and_gas) has announced the addition of the "Kuwait Oil and Gas Report Q1 2012" report to their offering.
Business Monitor International's Kuwait 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 Kuwait's oil and gas industry.
BMI View:
Kuwait - one of OPEC's key oil producers - will experience a relatively slow and steady rise in output. BMI sees Kuwait producing around 3.5mn b/d by 2021, although a substantial rise in oil consumption will reduce oil availability for the export market. BMI sees a faster increase in gas production in the second half of the coming decade, with output exceeding 20bcm by 2021. Kuwait will continue to remain a net gas importer and refined products exporter.
BMI Highlights These Trends and Developments in Kuwait's Oil and Gas Sector:
- BMI sees Kuwaiti oil production rising from 2.5mn b/d in 2011 to 3mn b/d by 2017, and then to 3.5mn b/d by 2021.
- The advance of Project Kuwait - an ambitious scheme to enable IOC upstream investment - is critical to boosting oil production, given the mature nature of the giant Burgan field.
- 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 BMI sees continuing through to 2021. LNG imports could be supplemented by the re-activation of pipeline imports from Iraq (suspended since 1990).
- Kuwaiti gas production is expected to rise from nearly 14bcm in 2011 to over 20bcm by 2021, with imports nearly doubling over the same period from an estimated 4.4bcm in 2011 to over 8.6bcm at the end of our forecast period.
Kuwait's dependence on oil prices leads to high volatility in the country's export revenues. Our assumptions of a slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. BMI assumes OPEC basket oil prices to fall from US$107.52 per barrel (bbl) in 2011 to US$99.38/bbl in 2012, thus creating a downside risk for Kuwait's macroeconomic outlook.
Key Topics Covered:
- BMI Industry View
- SWOT Analysis
- Oil Supply And Demand
- Industry Forecast Scenario
- Competitive Landscape
- Company Monitor
- Glossary Of Terms
- BMI Methodology
Companies Mentioned:
- Chevron
- Kuwait Energy
- Kuwait National Petroleum Company (KNPC)
- Kuwait Petroleum Corporation (KPC)
- Oula Fuel Marketing Company
- Royal Dutch Shell
- Soor Fuel Marketing Company
- Total
For more information visit http://www.researchandmarkets.com/research/354718/kuwait_oil_and_gas