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Ecuador Oil Markets, 2013

Published By :

GlobalData

Published Date : Nov 2013

Category :

Oil and Gas

No. of Pages : 98 Pages


This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Ecuador. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Ecuador. The report compares the investment environment in Ecuador with other countries in the region. The profiles of the major companies operating in the crude oil sector in Ecuador together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
  • Historical and forecast data and information for all the major oil fields, pipelines, refineries and storage terminals in Ecuador for the period 2005-2017.
  • Operator and equity details for major crude oil assets in Ecuador.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Ecuadors energy industry.
  • Information on the top companies in the Ecuador including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

  • Gain a strong understanding of the countrys energy market.
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
  • Assess your competitors major crude oil assets and their performance.
  • Analyze the latest news and financial deals in the oil sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 8

2 Ecuador Energy Sector 9
2.1 Ecuador Energy Sector, Market Overview 9
2.2 Ecuador Energy Sector, Oil 9
2.2.1 Ecuador Oil, Overview 9
2.2.2 Ecuador Oil, Supply and Demand Balance 10
2.2.3 Ecuador Crude Oil, Regulatory Structure 15
2.2.4 Ecuador Crude Oil, Infrastructure 15

3 Ecuador Oil Upstream Investment Environment Benchmarking 16
3.1 Introduction 16
3.2 The Overall Ranking 16
3.3 Upstream Fiscal Attractiveness 16
3.3.1 Maximum Government Take Index 18
3.3.2 Fiscal Flexibility 18
3.3.3 Maximum State Participation Index 18
3.4 Oil Sector Performance 18
3.4.1 Exploration Activity 20
3.4.2 Oil Production 21
3.4.3 Oil Reserves 21
3.4.4 Oil Consumption 22
3.4.5 Refining Industry 22
3.5 Economic Performance 22
3.5.1 GDP Growth Index 24
3.5.2 FDI Confidence Index 24
3.5.3 Balance of Trade Index 24
3.6 Socio-Political Performance 24

4 Ecuador Exploration and Production Sector 27
4.1 Ecuador Exploration and Production Sector, Country Snapshot 27
4.1.1 Ecuador Exploration and Production Sector, Key Data 27
4.1.2 Ecuador Exploration and Production Sector, Crude Oil Assets Map 27
4.1.3 Ecuador Exploration and Production Sector, Gross Crude Oil Production by Type 28
4.1.4 Ecuador Exploration and Production Sector, Gross Crude Oil Production by Assets 29
4.1.5 Ecuador Exploration and Production Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 31
4.2 Ecuador Exploration and Production Sector, Production Forecast 33
4.2.1 Ecuador Exploration and Production Sector, Gross Crude Oil Production Forecast 33
4.3 Ecuador Exploration and Production Sector, Active Crude Oil Asset Details 35
4.3.1 Ecuador Exploration and Production Sector, Active Crude Oil Asset Details 35
4.3.2 Ecuador Exploration and Production Sector, Planned Crude Oil Asset Details 37
4.4 Ecuador Exploration and Production Sector, Major Oil Discoveries 38
4.4.1 Ecuador Exploration and Production Sector, Number of Major Oil Discoveries 38
4.4.2 Ecuador Exploration and Production Sector, Oil Discovery Details 38
4.5 Ecuador Exploration and Production Sector, Recent Discoveries 39
4.5.1 Mar 14, 2012: Petroecuador Discovers Natural Gas At Friendship Field In Gulf Of Guayaquil 39
4.6 Ecuador Exploration and Production Sector, Drilling and Production Updates 39
4.6.1 Aug 02, 2013: Canacol Energy Provides Production Update 39
4.6.2 Mar 07, 2013: Canacol Energy Provides Update On Production Activities In Colombia And Ecuador 40
4.6.3 Feb 04, 2013: Petroamazonas Provides January 2013 Production Update 41
4.6.4 May 30, 2011: Petroecuador Sees Block 3 Gas Production Hit 80 MMcfpd By 2012 41

5 Ecuador Pipeline Sector 42
5.1 Ecuador Pipeline Sector, Key Data 42
5.2 Ecuador Pipeline Sector, An Overview 42
5.3 Ecuador Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 42
5.4 Ecuador Pipeline Sector, Petroleum Product Pipeline Company 43
5.5 Ecuador Pipeline Sector, Crude Oil Pipelines 44
5.6 Ecuador Pipeline Sector, Petroleum Product Pipelines 44

6 Ecuador Refining Sector 45
6.1 Ecuador Refining Sector, Key Data 45
6.2 Ecuador Refining Sector, An Overview 45
6.2.1 Ecuador Refining Sector, Total Refining Capacity 45
6.3 Ecuador Refining Sector, Crude Distillation Unit Capacity 46
6.4 Ecuador Refining Sector, Fluid Catalytic Cracking Capacity 47

7 Ecuador Oil and Chemicals Storage Sector 48
7.1 Ecuador Oil and Chemicals Storage Sector, Key Data 48
7.2 Ecuador Oil and Chemicals Storage Sector, An Overview 48
7.2.1 Ecuador Oil and Chemicals Storage Sector, Total Storage Capacity 48
7.3 Ecuador Oil and Chemicals Storage Sector, Storage Capacity Share Area 49
7.4 Ecuador Oil and Chemicals Storage Sector, Capacity Market Share by Company 50
7.5 Ecuador Oil and Chemicals Storage Sector, Storage Capacity by Terminal 51

8 Profile of EP Petroecuador 52
8.1 EP Petroecuador, Key Information 52
8.2 EP Petroecuador, Company Overview 52
8.3 EP Petroecuador, Business Description 52
8.3.1 Business Overview 52
8.4 EP Petroecuador, SWOT Analysis 53
8.4.1 Overview 53
8.4.2 EP Petroecuador Strengths 54
8.4.3 EP Petroecuador Weaknesses 55
8.4.4 EP Petroecuador Opportunities 55
8.4.5 EP Petroecuador Threats 56

9 Profile of Petroleos de Venezuela S.A. 58
9.1 Petroleos de Venezuela S.A., Key Information 58
9.2 Petroleos de Venezuela S.A., Company Overview 58
9.3 Petroleos de Venezuela S.A., Business Description 58
9.3.1 Business Overview 58
9.3.2 Downstream 59
9.3.3 Exploration and Production 59
9.3.4 Gas Activity 60
9.4 Petroleos de Venezuela S.A., SWOT Analysis 60
9.4.1 Overview 60
9.4.2 Petroleos de Venezuela S.A. Strengths 61
9.4.3 Petroleos de Venezuela S.A. Weaknesses 62
9.4.4 Petroleos de Venezuela S.A. Opportunities 63
9.4.5 Petroleos de Venezuela S.A. Threats 64

10 Profile of Repsol S.A. 66
10.1 Repsol S.A., Key Information 66
10.2 Repsol S.A., Company Overview 66
10.3 Repsol S.A., Business Description 66
10.3.1 Business Overview 66
10.3.2 Downstream 67
10.3.3 Gas Natural Fenosa 69
10.3.4 LNG 71
10.3.5 Upstream 72
10.4 Repsol S.A., SWOT Analysis 74
10.4.1 Overview 74
10.4.2 Repsol S.A., Strengths 75
10.4.3 Repsol S.A., Weaknesses 77
10.4.4 Repsol S.A., Opportunities 78
10.4.5 Repsol S.A., Threats 81

11 Financial Deals Landscape 84
11.1 Detailed Deal Summary 84
11.1.1 Acquisition 84
11.1.2 Partnerships 85
11.1.3 Asset Transactions 86

12 Recent Developments 90
12.1 License Rounds 90
12.1.1 Jul 16, 2013: Ecuador Extends Bid Deadline For 16 Oil Blocks 90
12.1.2 Apr 22, 2013: Ecuador Extends Deadline For 11th Oil-Licensing Round Bids To July 16, 2013 90
12.1.3 Dec 05, 2012: Ecuador Launches 11th Oil Licensing Round For 13 Blocks 90
12.2 Strategy and Business Expansion 91
12.2.1 Jun 09, 2013: CNPC And Ecuadorian Authorities Sign Framework Agreement On Integrated Upstream-downstream Cooperation 91
12.2.2 Dec 31, 2012: Petroecuador To Increase Amazonas Refinery Capacity To 40,000bpd 91
12.3 Other Significant Developments 91
12.3.1 Jul 15, 2013: Belorusneft To South America 91
12.3.2 Jul 06, 2013: CNPC To Finance Pacifico Refinery Project In Ecuador 92
12.3.3 May 22, 2013: Canacol Energy Provides Colombian And Ecuadorian Operations Update 92
12.3.4 May 10, 2013: Ivanhoe Energy Disputes Baseless Allegations In Recycled Law Suit Filed Over Ecuador Oilfield Development Contract 94
12.3.5 May 01, 2013: Chevron Announces Statement On Canadian Jurisdictional Decision In Ecuador Enforcement Proceeding 94

13 Appendix 96
13.1 Abbreviations 96
13.2 Methodology 96
13.2.1 Coverage 96
13.2.2 Secondary Research 97
13.2.3 Primary Research 97
13.2.4 Refinery Capacity 97
13.3 Contact Us 97
13.4 Disclaimer 98

List of Table


Table 1: Ecuador, Historic and Forecast Production and Consumption of Oil, mbd, 2000-2020 10
Table 2: Ecuador, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020 12
Table 3: Ecuador, Historic Reserves of Crude Oil, billion bbl, 2000-2012 14
Table 4: South and Central America, Investment Benchmarking, Overall Country Rankings, Oct 2013 16
Table 5: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, Oct 2013 17
Table 6: South and Central America, Investment Benchmarking, Oil Sector Performance, Oct 2013 18
Table 7: South and Central America, Investment Benchmarking, Economic Performance, Oct 2013 22
Table 8: South and Central America, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Oil Production, Oct 2013 23
Table 9: South and Central America, Investment Benchmarking, Socio-Political Performance, Oct 2013 25
Table 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Oct 2013 25
Table 11: Ecuador, Key Statistics, 2013 27
Table 12: Ecuador, Gross Crude Oil Production by Type (%), 2003-2012 28
Table 13: Ecuador, Gross Crude Oil Production (mmbbl), by Assets, 2003-2012 29
Table 14: Ecuador, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2012 31
Table 15: Ecuador, Gross Crude Oil Production (mmbbl), Forecast by Assets, 2013-2017 33
Table 16: Ecuador, Active Gas Field Asset Details 35
Table 17: Ecuador, Planned Gas Field Asset Details 37
Table 18: Ecuador, Number of Major Oil Discoveries, 2007-2012 38
Table 19: Ecuador, Major Oil Discovery Details, 2007-2012 38
Table 20: Ecuador, Pipeline Key Statistics, Oct 2013 42
Table 21: Ecuador, Crude Oil Pipeline Length by Company (km), Oct 2013 42
Table 22: Ecuador, Petroleum Product Pipeline Length by Company (km), Oct 2013 43
Table 23: Ecuador, Crude Oil Pipelines, Oct 2013 44
Table 24: Ecuador, Petroleum Products Pipelines, Oct 2013 44
Table 25: Ecuador, Refinery Key Statistics, Oct 2013 45
Table 26: Ecuador, Total Refining Capacity (mbd), 2005-2017 45
Table 27: Ecuador, Crude Distillation Unit Capacity (mbd), 2005-2017 46
Table 28: Ecuador, Fluid Catalytic Cracking Unit Capacity (mbd), 2005-2017 47
Table 29: Ecuador, Oil and Chemicals Storage Key Statistics, Oct 2013 48
Table 30: Ecuador, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017 48
Table 31: Ecuador, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017 50
Table 32: Ecuador, Oil and Chemicals Storage Capacity (mcm), 2005-2017 51
Table 33: EP Petroecuador, Key Facts 52
Table 34: EP Petroecuador, SWOT Analysis 54
Table 35: Petroleos de Venezuela S.A., Key Facts 58
Table 36: Petroleos de Venezuela S.A., SWOT Analysis 60
Table 37: Repsol S.A., Key Facts 66
Table 38: Repsol S.A., SWOT Analysis 74
Table 39: Petroamazonas Acquires 70% Stake In Rio Napo, Oil Company, From Petroecuador 84
Table 40: Tiptop Energy Acquires Amodaimi Oil From Repsol 85
Table 41: Petroecuador Forms Joint Venture With Sinopec International Petroleum 85
Table 42: Talisman Energy Plans To Sell Oil And Gas Assets 86
Table 43: China National Petroleum Plans To Acquire Stake In Pacifico Oil Refinery Project In Ecuador 87
Table 44: Government of Ecuador Plans To Acquire Oil And Gas Assets In Andean From Petrobras 88
Table 45: Noble Energy Sells Oil And Gas Assets In Ecuador For US$97 Million 89

List of Chart


Figure 1: Ecuador, Primary Energy Consumption Split By Fuel Type (%), 2012 9
Figure 2: Ecuador, Historic and Forecast Production and Consumption of Oil, mbd, 2000-2020 11
Figure 3: Ecuador, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020 13
Figure 4: Ecuador, Historic Reserves of Crude Oil, billion bbl, 2000-2012 14
Figure 5: South and Central America, Country Standings, Upstream Fiscal Attractiveness, Oct 2013 17
Figure 6: South and Central America, Country Standings, Oil Sector Performance by Reserves - Exploration & Production, Oct 2013 19
Figure 7: South and Central America, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Oct 2013 20
Figure 8: South and Central America, Country Standings, Number Of Exploration Blocks Awarded, 2008 - 2012 21
Figure 9: South and Central America, Country Standings, Economic Performance by FDI Confidence- GDP Growth & Oil Production, Oct 2013 23
Figure 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Oct 2013 26
Figure 11: Ecuador, Crude Oil Assets Map, Oct 2013 27
Figure 12: Ecuador, Gross Crude Oil Production by Type (%), 2003-2012 28
Figure 13: Ecuador, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2012 32
Figure 14: Ecuador, Number of Major Oil Discoveries, 2007-2012 38
Figure 15: Ecuador, Crude Oil Pipeline Length By Company (km), Oct 2013 43
Figure 16: Ecuador, Total Refining Capacity (mbd), 2005-2017 46
Figure 17: Ecuador, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017 49
Figure 18: Ecuador, Oil and Chemicals Storage Capacity Share by Area (%), 2012 49
Figure 19: Ecuador, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017 50

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