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Gas Market Outlook in Iraq, 2010

Published By :

GlobalData

Published Date : Aug 2010

Category :

Natural Gas

No. of Pages : 92 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 Iraq. 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 natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Iraq. The report compares the investment environment in Iraq with other countries in the region. The profiles of the major companies operating in the natural gas sector in Iraq 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 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Iraq for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Iraq.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Iraqs energy industry.
  • Information on the top companies in the Iraq 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 natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas 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 2
1.1 List of Tables 7
1.2 List of Figures 8

2 Iraq Energy Sector 9
2.1 Iraq Energy Sector, Market Overview 9
2.2 Iraq Energy Sector, Natural Gas 10
2.2.1 Iraq Natural Gas, Overview 10
2.2.2 Iraq Natural Gas, Supply and Demand Balance 10
2.2.3 Iraq Natural Gas, Regulatory Structure 14
2.2.4 Iraq Natural Gas, Infrastructure 14

3 Iraq Gas Upstream Investment Environment Benchmarking 16
3.1 Introduction 16
3.2 The Overall Ranking 16
3.3 Upstream Fiscal Attractiveness 16
3.4 Gas Sector Performance 18
3.4.1 Exploration Activity 20
3.4.2 Gas Production 21
3.4.3 Gas Reserves 21
3.4.4 Gas Consumption 21
3.5 Economic Performance 22
3.5.1 GDP Growth Index 23
3.5.2 FDI Confidence Index 23
3.5.3 Balance of Trade Index 23
3.6 Socio-Political Performance 24
3.6.1 Democracy Index 25
3.6.2 Governance Index 25

4 Iraq Exploration and Production Sector 26
4.1 Iraq Exploration and Production Sector, Country Snapshot 26
4.1.1 Iraq Exploration and Production Sector, Key Data 26
4.1.2 Iraq Exploration and Production Sector, Natural Gas Assets Map 26
4.2 Iraq Exploration and Production Sector, Marketed Natural Gas Production 27
4.2.1 Iraq Exploration and Production Sector, Marketed Natural Gas-Historical Production 27
4.2.2 Iraq Exploration and Production Sector, Marketed Natural Gas Production by Type 28
4.2.3 Iraq Exploration and Production Sector, Marketed Natural Gas Production by Assets 29
4.2.4 Iraq Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 29
4.2.5 Iraq Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 30
4.3 Iraq Exploration and Production Sector, Marketed Natural Gas Forecasts 31
4.3.1 Iraq Exploration and Production Sector, Marketed Natural Gas Forecasted Production 31
4.4 Iraq Exploration And Production Sector, Natural Gas Asset Details 31
4.4.1 Iraq Exploration And Production Sector, Active Natural Gas Asset Details 31
4.4.2 Iraq Exploration And Production Sector, Planned Natural Gas Asset Details 31
4.5 Iraq Exploration And Production Sector, Major Natural Gas Discoveries, 2004-2009 32
4.5.1 Iraq Exploration And Production Sector, Natural Gas Discoveries by Year, 2004-2009 32
4.5.2 Iraq Exploration And Production Sector, Natural Gas Discovery Details, 2004-2009 32
4.6 Iraq Exploration And Production Sector, Recent Discoveries 33
4.6.1 Aug 10, 2010: KNOC Strikes Oil In Northern Iraq 33
4.6.2 Apr 07, 2010: Heritage Oil Finds Hydrocarbon At Miran West-2 Appraisal Well In Kurdistan Region, Iraq 33
4.6.3 Mar 09, 2010: Gulf Keystone Petroleum Announces Oil Discovery At Bijeel-1 Exploration Well In Akri Bijeel Block, Kurdistan 34
4.7 Iraq Exploration And Production Sector, Drilling and Production Updates 34
4.7.1 Aug 04, 2010: Gulf Keystone Petroleum Announces Commencement Of Drilling Operations On Sheikh Adi-1 Exploration Well 34
4.7.2 Jul 15, 2010: Groundstar Resources Provides Qara Dagh #1 Well Update 35
4.7.3 Jun 23, 2010: WesternZagros Resources Updates On Kurdamir-1 Well Operations 35
4.7.4 Jun 23, 2010: Gulf Keystone Petroleum Updates On Bijeel-1 Exploration Well In Kurdistan, Iraq 35
4.7.5 Jun 22, 2010: DNO International Provides May 2010 Production Update 36

5 Iraq Pipeline Sector 38
5.1 Iraq Pipeline Sector, Key Data 38
5.2 Iraq Pipeline Sector, An Overview 38
5.3 Iraq Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 38
5.4 Iraq Pipeline Sector, Natural Gas Pipelines 39

6 Profile of BP p.l.c. 40
6.1 BP p.l.c., Key Information 40
6.2 BP p.l.c., Company Overview 40
6.3 BP p.l.c., Business Description 40
6.3.1 Business Overview 40
6.3.2 Exploration and Production 41
6.3.3 Other Businesses and Corporate Segment 43
6.3.4 Refining and Marketing 45
6.4 BP p.l.c., SWOT Analysis 46
6.4.1 Overview 46
6.4.2 BP p.l.c. Strengths 47
6.4.3 BP p.l.c. Weaknesses 48
6.4.4 BP p.l.c. Opportunities 49
6.4.5 BP p.l.c. Threats 50

7 Profile of Exxon Mobil Corporation 53
7.1 Exxon Mobil Corporation, Key Information 53
7.2 Exxon Mobil Corporation, Company Overview 53
7.3 Exxon Mobil Corporation, Business Description 53
7.3.1 Business Overview 53
7.3.2 Chemical 54
7.3.3 Downstream 55
7.3.4 Upstream 56
7.4 Exxon Mobil Corporation, SWOT Analysis 58
7.4.1 Overview 58
7.4.2 Exxon Mobil Corporation Strengths 59
7.4.3 Exxon Mobil Corporation Weaknesses 60
7.4.4 Exxon Mobil Corporation Opportunities 62
7.4.5 Exxon Mobil Corporation Threats 63

8 Profile of China National Petroleum Corporation 65
8.1 China National Petroleum Corporation, Key Information 65
8.2 China National Petroleum Corporation, Company Overview 65
8.3 China National Petroleum Corporation, Business Description 66
8.3.1 Business Overview 66
8.4 China National Petroleum Corporation, SWOT Analysis 68
8.4.1 Overview 68
8.4.2 China National Petroleum Corporation Strengths 68
8.4.3 China National Petroleum Corporation Weaknesses 69
8.4.4 China National Petroleum Corporation Opportunities 70
8.4.5 China National Petroleum Corporation Threats 71

9 Financial Deals Landscape 73
9.1 Detailed Deal Summary 73
9.1.1 Acquisition 73
9.1.2 Equity Offerings 74
9.1.3 Partnerships 75
9.1.4 Asset Transactions 76

10 Recent Developments 78
10.1 License Rounds 78
10.1.1 Aug 02, 2010: Iraq Delays Its Third Gas Bidding Round 78
10.1.2 May 27, 2010: Iraq To Auction Kirkuk And East Baghdad Fields 78
10.1.3 May 06, 2010: Iraq To Launch Bidding Round For Three Gas Fields In September 2010 78
10.2 License Awards 79
10.2.1 Jan 31, 2010: Lukoil, Statoil Sign Contract For Development Of West Qurna 2 Field In Iraq 79
10.2.2 Jan 28, 2010: PetroChina, Partners Sign Development And Production Contract On Halfaya Oilfield In Iraq 80
10.2.3 Jan 17, 2010: Iraq And Shell Consortium Sign Majnoon Oilfield Contract 80
10.3 Strategy and Business Expansion 80
10.3.1 Jan 22, 2010: Eni, Occidental Petroleum And KOGAS Sign Technical Service Contract With South Oil And Missan Oil To Redevelop Zubair Field 80
10.4 Other Significant Developments 82
10.4.1 Aug 11, 2010: Gulf Keystone Petroleum Provides Shaikan-1 Well Testing Update 82
10.4.2 Aug 10, 2010: WesternZagros Resources Updates On Kurdamir-1 Operations 82
10.4.3 Aug 06, 2010: Sterling Energy Halts Operations At Sangaw North #1 Exploration Well In Kurdistan, Iraq 83
10.4.4 Aug 05, 2010: Gulf Keystone Petroleum Announces Testing Results Of Shaikan-1 Well In Iraq 83
10.4.5 Aug 03, 2010: Iraq Selects Two Oilfields In Western Karbala For Next Licensing Round 84
10.4.6 Jul 23, 2010: Sterling Energy Provides Operations Update 84
10.4.7 Jul 20, 2010: Iraq Wants Rumaila Signature Bonus Change 87
10.4.8 Jul 19, 2010: Gulf Keystone Petroleum Provides Kurdistan Operational Update 87
10.5 New Contracts Announcements 88
10.5.1 May 17, 2010: CNOOC, TPAO Sign TSC For Missan Oil Field Development In Iraq 88
10.5.2 Mar 01, 2010: TPIC Receives $318 Million Contract To Drill 45 Wells At Rumaila Oilfield In Iraq 88

11 Appendix 89
11.1 Methodology 89
11.1.1 Coverage 89
11.1.2 Secondary Research 90
11.1.3 Primary Research 90
11.1.4 Midstream Forecasts 91
11.1.5 Expert Panel Validation 91
11.2 Contact Us 91
11.3 About GlobalData 91
11.4 Disclaimer 91


List of Table


Table 1: Iraq, Historic and Forecast Production and Consumption of Natural Gas, 1996-2020 11
Table 2: Iraq, Historic Reserves of Natural Gas, 1996-2009 13
Table 3: Iraq Natural Gas, Pipelines 15
Table 4: Middle East, Investment Benchmarking, Overall Country Rankings, July 2010 16
Table 5: Middle East, Investment Benchmarking, Gas Sector Performance, July 2010 18
Table 6: Middle East, Investment Benchmarking, Economic Performance, July 2010 22
Table 7: Middle East, Country Standings, Economic Performance, July 2010 22
Table 8: Middle East, Investment Benchmarking, Socio-Political Performance, July 2010 24
Table 9: Middle East, Country Standings, Socio-Political Performance, July 2010 24
Table 10: Iraq, Natural Gas Key Statistics, 2009 26
Table 11: Iraq, Total Marketed Natural Gas Production (MMcf), 2002- 2009 27
Table 12: Iraq, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 28
Table 13: Iraq, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 29
Table 14: Iraq, Natural Gas Production (MMcf), by Company, 2002- 2009 29
Table 15: Iraq, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 30
Table 16: Iraq, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015 31
Table 17: Iraq, Active Gas Field Asset Details 31
Table 18: Iraq, Planned Gas Field Asset Details 31
Table 19: Iraq, Number of Gas Discoveries, 2004-2009 32
Table 20: Iraq, Gas Discovery Details, 2004-2009 32
Table 21: Iraq, Pipeline Key Statistics, 2009 38
Table 22: Iraq, Natural Gas Pipeline Length by Company (Km), 2009 38
Table 23: Iraq, Natural Gas Pipelines, 2009 39
Table 24: BP p.l.c., Key Facts 40
Table 25: BP p.l.c., SWOT Analysis 47
Table 26: Exxon Mobil Corporation, Key Facts 53
Table 27: Exxon Mobil Corporation, SWOT Analysis 58
Table 28: China National Petroleum Corporation, Key Facts 65
Table 29: GKPL To Acquire 50% Interest In GKPI From ETAMIC 73
Table 30: Oil Search Completes Private Placement Of $821 Million 74
Table 31: San Leon Enter Into Joint Venture With Al Meinaa Oil Services 75
Table 32: Statoil To Acquire Additional 10% Interest In Iraq's West Qurna 2 Oil Field 76
Table 33: China National Petroleum To Acquire Additional 12% Interest In Rumaila Oilfield Project From BP 77

List of Chart


Figure 1: Iraq, Energy Sector Split By Fuel Type, 2009 9
Figure 2: Iraq, Natural Gas Production And Consumption (Billion Cubic Feet), 1996-2020 12
Figure 3: Iraq, Natural Gas Reserves (Billion Cubic Feet), 1996-2009 14
Figure 4: Middle East, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, July 2010 19
Figure 5: Middle East, Country Standings, Gas Sector Performance, by Production & Consumption, July 2010 20
Figure 6: Middle East, Country Standings, Exploration Blocks Awarded, July 2010 21
Figure 7: Middle East, Country Standings, Economic Performance, July 2010 23
Figure 8: Middle East, Country Standings, Socio-Political Performance, July 2010 25
Figure 9: Iraq, Natural Gas Assets Map, 2009 26
Figure 10: Iraq, Total Marketed Natural Gas Production (MMcf), 2002- 2009 27
Figure 11: Iraq, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 28
Figure 12: Iraq, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 29
Figure 13: Iraq, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 30
Figure 14: Iraq, Number of Gas Discoveries, 2004- 2009 32
Figure 15: Iraq, Natural Gas Pipeline Length by Company (Km), 2009 39

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