Naperville, IL -- (SBWIRE) -- 08/21/2013 -- Reportstack, provider of premium market research reports announces the addition of Equatorial Guinea Oil and Gas Report Q4 2013 market report to its offering
Rising interest in the deepwater potential of West Africa leaves Equatorial Guinea favourably
placed, with proven hydrocarbon potential and a number of active operators. While we see opportunity for
gains in oil output over the near term as new fields come online, the gains are set to be marginal and the
increase in output temporary. We forecast that output will trend lower over the latter half of the decade,
notwithstanding the upside for any new commercial discoveries. On the gas side, recent exploration success
suggests Ophir has firmed-up the resource base to support an expansion of the country's liquefied natural
gas export capacity, which could come in the form of a floating terminal or a new train at the existing
export facility. However, a decision is not imminent and given uncertainty regarding financing and
potential export markets amid rising competition for market share, there remain a number of obstacles to
overcome as the planned 2014 decision date approaches.
The key trends and developments in Equatorial Guinea's oil and gas sector are:
? BMI expects oil production to reach approximately 325,000 barrels per day (b/d) in 2013, before peaking
at 331,200b/d in 2016. Production growth will be driven almost entirely by new production from Noble
Energy's Aseng and Alen developments. This will offset declining output from the flagship Zafiro field.
Beyond 2016, we anticipate a steady decline in production unless further investment is made in
exploration and production (E&P) with new discoveries being brought online.
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