(MENAFNEditorial)
While we see a provisional uptick in oil and gas production in the UK from 2016/2017 onwards based on projects in the pipeline the long-term trend remains one of stagnation given falling volumes from mature fields a lack of significant new discoveries and increasing explo ration production and operational costs in the region at a time when oil companies are seeking Capex cuts. While shale gas presents upside risk to gas production this should not kick-in before the early 2020 s at the earliest.
The main trends and developments we highlight in the UK oil and gas sector are:
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* The UK is set to see further declines in its oil and gas reserves as high exploration and operational costs are limiting new exploration in this mature region. Shale gas exploration could provide upside risks to the tail-end of our forecast period the earliest period possible for these resources to be discovered confirmed and booked in as commercial reserves.
* We expect oil and gas production to make a small comeback past 2016 and 2015 respectively. A dramatic increase in the hydrocarbon production in the long-term is unlikely however given insufficient exploration the small size of recent discoveries to...
The United Kingdom Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for United Kingdom 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 United Kingdom Oil & Gas Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and competitive intelligence on the British oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for United Kingdom to test consensus views - a key input for successful budgeting and strategic business planning in the British oil and gas market.
* Target business opportunities and risks in the British oil and gas sector through reviews of latest industry trends regulatory changes and major deals projects and investments in United Kingdom.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI's key forecasts and industry analysis covering oil and gas reserves supply demand and refining plus analysis of landmark company developments and key changes in the regulatory environment.
Regional Overview
Regional perspective on size and value of industry sector; comparative rankings by production refining imports and exports of oil gas and LNG.
Business Environment Rankings
BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents NOCs IOCs and oil services companies) in the upstream and downstream markets.
The rankings methodology makes sophisticated use of more than 40 industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.
Oil Market Outlook and Oil Products Outlook
Based on our country coverage of over 99% of global oil and gas production and consumption BMI provides demand supply and price forecasts to end-2018 for oil gas and oil products
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Pricing: Oil price (US$/bbl WTI Brent OPEC basket Urals); Oil products prices (unleaded gasoline gasoil/diesel jet/kerosene - US$/bbl) at global hubs
Production Consumption Capacity and Reserves: Proven oil reserves (bn barrels) production consumption refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm) production and consumption (bcm)
Imports and Exports: Oil exports/imports (`000b/d) value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm) Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)
BMI Macroeconomic Forecasts
BMI forecasts to end-2018 for all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Competitive Landscape
Comparative company analyses by US$ sales % share of total sales number of employees year established ownership structure oil production ('000b/d) gas production (bcm) downstream capacity ('000b/d) and % market share.
Company Profiles
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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