New Energy market report from Business Monitor International: "Congo Brazzaville Oil & Gas Report Q1 2015"
Boston, MA -- (SBWIRE) -- 01/28/2015 -- BMI has revised our oil production forecasts for the Congo Brazzaville heading into 2015, when we expect a near 30% uplift in crude production with the arrival of new offshore projects. In addition, news of a significant discovery by ENI near its Marine XII field in late 2014 provides additional possibility of a long - term swing to the upside for the country in the upstream sector. However, until the reserves are booked, our forecast still holds to a long - term production decline.
Main trends and developments
Marine XII moving ahead: Eni and the government of Congo-Brazzaville signed a framework agreement in 2014 to allow the development of the latest deepwater subsalt field. The agreement allows Eni and its partners to begin work on the field, discovered in 2013, which is now forecast to hold up to 1.2bn barrels of oil and 30bn cu m of gas.
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Hopes rose that this field marks a renaissance for the country's oil industry when ENI announced in late 2014 that a nearby discovery, at Minsala Marine 1 was estimated to contain an additional 1bn bbl of oil equivalent in place with an 80%-20% oil gas mix. ENI has already gone to the market for preliminary production design scenarios and Upstream reports the company is looking at a field development of up to seven production...
The Congo Brazzaville Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Congo 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 Congo Brazzaville Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Congolese oil and gas industry.
- Benchmark BMI's independent oil and gas industry forecasts for Congo to test consensus views - a key input for successful budgeting and strategic business planning in the Congolese oil and gas market.
- Target business opportunities and risks in the Congolese oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Congo.
- 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.
Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.
Business Environment Rankings
BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.
The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.
Oil Market Outlook and Oil Products Outlook
Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs
Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)
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