New Market Report: Algeria Oil & Gas Report Q3 2016
New Energy market report from Business Monitor International: "Algeria Oil & Gas Report Q3 2016"
[ClickPress, Fri Jul 22 2016] The outlook on Algerian oil production is heavily bearish, due to rapid decline rates at mature producing fields and the small pipeline of projects under development. The outlook on gas is slightly more positive, although strong domestic consumption growth will continue to weigh on exports. Reversing longer-term production declines depends on pulling increased foreign investment into the sector , including recent announcements of plans to allow companies to directly invest in a limited number of fields . However, the prospects are clouded by an unattractive fiscal and regulatory regime , ongoing security concerns, and the weakened commodity price environment.
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Algeria has substantial underexplored acreage. However, exploration will remain limited due to Sonatrach's strained financial position and a lack of foreign involvement in the sector over the long term.
The long-term outlook on oil and gas production is heavily bearish. A spate of small to medium-sized projects will support medium-term production growth, but a lack of new projects scheduled to come onstream beyond 2018-2019 will see decline rates outpacing new production.
A 2016 attack on a gas processing facility at the hand of Al Qaeda in the Islamic Maghreb (AQIM) underscored the ongoing security challenges facing industry assets.
Oil and gas consumption will continue to grow, as pervasive subsidies fuel inefficient consumption patterns.
The combination of rising consumption and falling production will severely undercut exports of oil and gas towards the end of our forecast period to 2025. Revenue will be further impacted by sustained lower commodity prices.
The Algeria Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Algeria 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 Algeria Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Algerian oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Algeria to test consensus views - a key input for successful budgeting and strategic business planning in the Algerian oil and gas market.
Target business opportunities and risks in the Algerian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Algeria.
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