Markets - Research and Markets: Equatorial Guinea Oil and Gas Report Q4 2009

Research and Markets (http://www.researchandmarkets.com/research/87526c/equatorial_guinea) has announced the addition of the "Equatorial Guinea Oil and Gas Report Q4 2009" report to their offering.

The Equatorial Guinea 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 Equatorial Guinea's oil and gas industry.

The new Equatorial Guinea Oil & Gas Report from BMI forecasts that the country will account for just 0.03% of African regional oil demand by 2013, while providing 3.55% of supply. African regional oil use of 2.98mn barrels per day (b/d) in 2001 rose to 3.60mn b/d in 2008. It should average 3.58mn b/d in 2009 and then rise to around 3.96mn b/d by 2013. Regional oil production was 7.84mn b/d in 2001, and in 2008 averaged 10.20mn b/d. It is set to rise to 11.98mn b/d by 2013. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 4.86mn b/d. This total had risen to 6.60mn b/d in 2008 and is forecast to reach 8.02mn b/d by 2013. Angola has the greatest production growth potential, with Nigerian exports set to soar if it can resolve recent quasi-political issues.

In terms of natural gas, the region in 2008 consumed 115bn cubic metres (bcm), with demand of 181bcm targeted for 2013. Production of 211bcm in 2008 should reach 354bcm in 2013, which implies net exports rising from 96bcm in 2008 to 173bcm by the end of the period. Equatorial Guinea in 2008 consumed 1.28% of the region's gas, with its market share set to be 1.04% by 2013. It contributed 3.17% to 2008 regional gas production and, by 2013, will account for 1.86% of supply.

For 2009 as a whole, we are now assuming an average OPEC basket price of US$55.00 per barrel (bbl), a 41.5% decline year-on-year (y-o-y). This represents an upgrade from the US$52 forecast we have stuck with during the past three quarters. Our OPEC basket assumption delivers likely Brent, WTI, Urals and Dubai prices of US$56.30, US$57.50, US$55.60 and US$55.60/bbl respectively. For 2010, we expect to see a recovery to US$60.00/bbl for the OPEC price (up from our previous forecast of US$58), gaining further ground to US$65.00 in 2011 and to US$70.00/bbl in 2012. Our post-2010 forecasts are unchanged and we are continuing to use a long-term price assumption of US$70.00 for 2013-2018.

Key Topics Covered:

• Executive Summary
• Equatorial Guinea Energy Market Overview
• Regional Market Overview
• Business Environment Ranking
• Africa Region
• Business Environment
• Industry Forecast Scenario
• Company Monitor
• Glossary of Terms
• Oil & Gas Ratings: Revised Methodology
• BMI Forecast Modelling

Companies Mentioned:

• GEPetrol
• ExxonMobil
• Marathon
• Hess
• Noble Energy
• Repsol YPF

For more information visit http://www.researchandmarkets.com/research/87526c/equatorial_guinea