http://nz.biz.yahoo.com//091028/24/fdeg.html
Research and Markets (http://www.researchandmarkets.com/research/d24b9c/indonesia_oil_and)
has announced the addition of the "Indonesia
Oil and Gas Report Q4 2009" report to their offering.
This Indonesia 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 India's oil and gas industry.
The latest Indonesia Oil & Gas Report from BMI forecasts that the
country will account for 4.41% of Asia Pacific regional oil demand by
2013, while providing 10.97% of supply. Asia Pacific regional oil use of
21.40mn barrels per day (b/d) in 2001 reached 25.67mn b/d in 2008. It
should average 24.83mn b/d in 2009, then rise to around 28.51mn b/d by
2013. Regional oil production was just under 8.41mn b/d in 2001, and
averaged 8.45mn b/d in 2008. It is set to increase to 8.75mn b/d by
2013. In 2001 the region was importing an average 12.99mn b/d. This
total had risen to an estimated 17.22mn b/d in 2008, and is forecast to
reach 19.76mn b/d by 2013.
In terms of natural gas, in 2008 the region consumed 459bn cubic metres
(bcm) and demand of 562bcm is targeted for 2013. Production of 356bcm in
2008 should reach 488bcm in 2013, but implies net imports easing from an
estimated 102bcm per annum in 2008 to 74bcm in 2013. This is in spite of
many Asian gas producers being major exporters. Indonesia's share of gas
consumption in 2008 was 8.29%, while its share of production is put at
19.56%. By 2013 its share of gas consumption is forecast to be 7.87%,
with the country accounting for 17.82% of supply.
For 2009 as a whole, the publisher is 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 they have
stuck with during the past three quarters. Their 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, the
publisher expects to see a recovery to US$60.00/bbl for the OPEC price
(up from their previous forecast of US$58), gaining further ground to
US$65.00 in 2011 and to US$70.00/bbl in 2012. Their post-2010 forecasts
are unchanged and the publisher is continuing to use a long-term price
assumption of US$70.00 for 2013-2018. In 2009, BMI is now assuming a
global average gasoline price of US$62.12/bbl, with the fuel having
peaked in June. The overall y-o-y fall in 2009 gasoline prices is put at
40.0%. The BMI gasoil forecast is for an average price of US$68.62/bbl,
assuming a monthly high of US$92.49/bbl in December. The fullyear
outturn represents a 43.4% fall from the 2008 level. The annual jet
price level for 2009 is forecast to be US$65.17/bbl. This compares with
US$124.95/bbl in 2008. The 2009 average naphtha price is put by BMI at
US$49.06/bbl, down 43.9% from the previous year's level.
Key Topics Covered:
Executive Summary
SWOT Analysis
Indonesia Energy Market Overview
Business Environment Ranking
Business Environment
Company Monitor
Glossary of Terms
Methodology & Risks To Forecasts
Companies Mentioned:
Pertamina
Chevron Indonesia
ExxonMobil Indonesia
BP Indonesia
CNOOC Indonesia
ConocoPhillips Indonesia
Total
CNPC
Medco Energi
Petronas
Marathon
Hess
VICO Indonesia
Inpex
Eni
Santos
Badak NGL
Salamander Energy
For more information visit http://www.researchandmarkets.com/research/d24b9c/indonesia_oil_and
Contact:Research and MarketsLaura Wood, Senior Manager,press@researchandmarkets.comU.S.
Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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