Table of Contents
1 Table Of Contents 2
1.1 List Of Tables 9
1.2 List Of Figures 11
2 Introduction 12
2.1 What Is This Report About? 12
2.2 How To Use
This Report 13
2.3 Market Definition 13
3 Gabon Energy Sector 15
3.1 Gabon Energy Sector, Market Overview 15
3.2 Gabon Energy Sector, Crude
Oil 16
3.2.1 Gabon Crude Oil, Overview 16
3.2.2 Gabon Crude Oil,
Supply and Demand Balance 16
3.2.3 Gabon Crude Oil, Regulatory Structure
22
3.2.4 Gabon Crude Oil, Infrastructure 22
3.3 Gabon Energy Sector,
Natural Gas 24
3.3.1 Gabon Natural Gas, Overview 24
3.3.2 Gabon
Natural Gas, Supply and Demand Balance 24
3.3.3 Gabon Natural Gas,
Regulatory Structure 28
3.3.4 Gabon Natural Gas, Infrastructure 28
3.4
Gabon Energy Sector, Coal 29
3.4.1 Gabon Coal, Overview 29
3.5 Gabon
Energy Sector, Electricity 29
3.5.1 Gabon Electricity, Overview 29
3.5.2 Gabon Electricity, Supply and Demand Balance 30
3.5.3 Gabon
Electricity, Regulatory Structure 34
3.5.4 Gabon Electricity,
Infrastructure 35
4 Gabon Fiscal Regime 36
4.1 Gabon Petroleum Fiscal
Environment 36
4.2 License Terms 37
4.3 Key Fiscal Terms 38
4.4
Sample Cashflows Calculations 40
5 Gabon Upstream Investment Environment
Benchmarking 41
5.1 Introduction 41
5.2 The Overall Ranking 41
5.3
Upstream Fiscal Attractiveness 42
5.3.1 Maximum Government Take Index
43
5.3.2 Fiscal Flexibility 43
5.3.3 Maximum State Participation
44
5.3.4 Maximum Domestic Market Obligation 44
5.4 Oil and Gas Sector
Performance 44
5.4.1 Exploration Activity 46
5.4.2 Oil and Gas
Production 47
5.4.3 Oil and Gas Reserves 47
5.4.4 Consumption 48
5.4.5 Refining Industry 48
5.5 Economic Performance 48
5.5.1 GDP
Growth Index 50
5.5.2 FDI Confidence Index 50
5.5.3 Balance of Trade
Index 50
5.6 Socio-Political Performance 50
5.6.1 Democracy Index
52
5.6.2 Governance Index 52
6 Gabon Exploration And Production Sector
53
6.1 Gabon, Country Snapshot 53
6.1.1 Gabon, Key Data 53
6.1.2
Gabon, Exploration And Production Assets Map 54
6.1.3 Gabon, Crude Oil &
Natural Gas Reserves 55
6.2 Gabon, Crude Oil And Natural Gas Production
57
6.2.1 Gabon, Historical Crude Oil Production 57
6.2.2 Gabon, Crude
Oil And Natural Gas Producing Asset Details 58
6.2.3 Gabon, Crude Oil
Production Assets by Area 59
6.2.4 Gabon, Planned Production Assets
Details 60
6.2.5 Gabon, Crude Oil Production by Company 61
6.3 Gabon,
Crude Oil And Natural Gas Forecasts 61
6.3.1 Gabon, Forecasted Crude Oil
Production 61
6.4 Gabon, Exploration Block Details 62
6.4.1 Gabon,
Total Number of Active Exploration Blocks 62
6.4.2 Gabon, Total Number of
Active Exploration Blocks by Company 63
6.4.3 Gabon, Exploration Blocks
Details 64
7 Gabon Refining Sector 66
7.1 Gabon Refining Sector,
Overview 66
7.2 Gabon Refining Sector, Crude Distillation Unit Capacity
66
8 Gabon Pipeline Sector 67
8.1 Gabon Pipeline Sector, Overview
67
8.2 Gabon Pipeline Sector, Crude Oil Pipelines 67
8.3 Gabon
Pipeline Sector, Natural Gas Pipelines 67
9 Addax Petroleum, Inc. 68
9.1 Addax Petroleum, Inc, Key Information 68
9.2 Addax Petroleum, Inc,
Company Overview 68
9.3 Addax Petroleum, Inc, Business Description 68
9.3.1 Addax Petroleum, Inc, Business Description, Business Overview 68
9.3.2 Addax Petroleum, Inc, Business Description, Exploration and Production
Segment 68
9.3.3 Addax Petroleum, Inc, Business Description, Major
Products and Services 69
9.4 Addax Petroleum, Inc, VALUE CHAIN ANALYSIS
70
9.4.1 Addax Petroleum, Inc, VALUE CHAIN ANALYSIS, Upstream 70
9.5
Addax Petroleum, Inc, SWOT Analysis 72
9.5.1 Addax Petroleum, Inc, SWOT
Analysis, Overview 72
9.5.2 Addax Petroleum, Inc, SWOT Analysis, Strengths
72
9.5.3 Addax Petroleum, Inc, SWOT Analysis, Weaknesses 73
9.5.4
Addax Petroleum, Inc, SWOT Analysis, Opportunities 73
9.5.5 Addax
Petroleum, Inc, SWOT Analysis, Threats 73
9.6 Addax Petroleum, Inc,
Revenue Analysis 75
9.6.1 Addax Petroleum, Inc, Revenue Analysis, Revenue
by Geography 75
9.7 Addax Petroleum, Inc, Financial and Operational Review
76
9.7.1 Addax Petroleum, Inc, Financial and Operational Review, Financial
Statements 76
9.7.2 Addax Petroleum, Inc, Financial and Operational
Review, Financial Ratios 77
9.8 Addax Petroleum, Inc, Operational
Indicators 78
10 Hess Corporation 79
10.1 Hess Corporation, Key
Information 79
10.2 Hess Corporation, Company Overview 79
10.3 Hess
Corporation, Business Description 79
10.3.1 Hess Corporation, Business
Description, Business Overview 79
10.3.2 Hess Corporation, Business
Description, Exploration and Production 80
10.3.3 Hess Corporation,
Business Description, Marketing and Refining 81
10.3.4 Hess Corporation,
Business Description, Major Products and Services 82
10.4 Hess
Corporation, VALUE CHAIN ANALYSIS 84
10.4.1 Hess Corporation, VALUE CHAIN
ANALYSIS, Upstream 84
10.4.2 Hess Corporation, VALUE CHAIN ANALYSIS,
Midstream 85
10.4.3 Hess Corporation, VALUE CHAIN ANALYSIS, Downstream
85
10.4.4 Hess Corporation, VALUE CHAIN ANALYSIS, Retail 86
10.5 Hess
Corporation, SWOT Analysis 87
10.5.1 Hess Corporation, SWOT Analysis,
Overview 87
10.5.2 Hess Corporation, SWOT Analysis, Strengths 87
10.5.3 Hess Corporation, SWOT Analysis, Weaknesses 89
10.5.4 Hess
Corporation, SWOT Analysis, Opportunities 89
10.5.5 Hess Corporation, SWOT
Analysis, Threats 90
10.6 Hess Corporation, Revenue Analysis 92
10.6.1
Hess Corporation, Revenue Analysis, Revenue by Segment 92
10.6.2 Hess
Corporation, Revenue Analysis, Revenue by Geography 92
10.7 Hess
Corporation, Financial and Operational Review 94
10.7.1 Hess Corporation,
Financial and Operational Review, Financial Statements 94
10.7.2 Hess
Corporation, Financial and Operational Review, Financial Ratios 95
10.8
Hess Corporation, Operational Indicators 96
11 TOTAL S.A. 97
11.1
TOTAL S.A, Key Information 97
11.2 TOTAL S.A, Company Overview 97
11.3
TOTAL S.A, Business Description 97
11.3.1 TOTAL S.A, Business Description,
Business Overview 97
11.3.2 TOTAL S.A, Business Description, Chemicals
98
11.3.3 TOTAL S.A, Business Description, Downstream 98
11.3.4 TOTAL
S.A, Business Description, Upstream 100
11.3.5 TOTAL S.A, Business
Description, Major Products and Services 101
11.4 TOTAL S.A, VALUE CHAIN
ANALYSIS 103
11.4.1 TOTAL S.A, VALUE CHAIN ANALYSIS, Upstream 103
11.4.2 TOTAL S.A, VALUE CHAIN ANALYSIS, Midstream 104
11.4.3 TOTAL S.A,
VALUE CHAIN ANALYSIS, Downstream 104
11.4.4 TOTAL S.A, VALUE CHAIN
ANALYSIS, Retail 105
11.5 TOTAL S.A, SWOT Analysis 107
11.5.1 TOTAL
S.A, SWOT Analysis, Overview 107
11.5.2 TOTAL S.A, SWOT Analysis,
Strengths 107
11.5.3 TOTAL S.A, SWOT Analysis, Weaknesses 108
11.5.4
TOTAL S.A, SWOT Analysis, Opportunities 109
11.5.5 TOTAL S.A, SWOT
Analysis, Threats 110
11.6 TOTAL S.A, Revenue Analysis 111
11.6.1
TOTAL S.A, Revenue Analysis, Revenue by Segment 111
11.6.2 TOTAL S.A,
Revenue Analysis, Revenue by Geography 111
11.7 TOTAL S.A, Financial and
Operational Review 113
11.7.1 TOTAL S.A, Financial and Operational Review,
Financial Statements 113
11.7.2 TOTAL S.A, Financial and Operational
Review, Financial Ratios 114
11.8 TOTAL S.A, Operational Indicators
115
12 Financial Deals Landscape 117
12.1 Acquisition 117
12.1.1
Sterling Energy To Sell Sterling Energy (Iris Marin) Limited To Addax
Petroleum 117
12.2 Asset Transactions 119
12.2.1 Devon Energy Sells
Assets In Gabon To Oranje-Nassau 119
13 Recent Developments 121
13.1
Apr 04, 2008: Smit Obtains Terminal Contract In Pakistan 121
13.2 Feb 28,
2008: Total Announces Launch Of Anguille Field Redevelopment In Gabon 121
13.3 Jan 14, 2008: Sterling Provides Updates On THAM-1 Well 121
13.4 Dec
13, 2007: Harvest Acquires Interest In Gabon Exploration Block 122
13.5
Nov 22, 2007: Tullow Provides Activity Update 122
13.6 Oct 17, 2007:
VAALCO Announces New FPSO Contract 123
13.7 Sep 12, 2007: Addax Petroleum
Increases Gabon Production 123
13.8 Aug 02, 2007: Petrol One, KM Energy
Sign MOA 125
13.9 Jan 16, 2007: Valco Begins Production At Avouma Field
125
13.10 Dec 28, 2006: Saipem Wins Two New Offshore Contracts 126
13.11 Dec 13, 2006: Total Signs Exploration And Production Sharing Contract
126
13.12 Nov 28, 2006: Addax Petroleum Commissions New Onshore Production
And Export System In Gabon 126
13.13 Oct 11, 2006: Austin Gets 18%
Interest In Gabon Oil And Gas Project 127
13.14 Jul 07, 2006: Vaalco
Declares Arrival Of Avouma Production Platform 129
13.15 Jan 11, 2006:
Vaalco Updates Gabon Activity 129
14 Appendix 130
14.1 Methodology
130
14.1.1 Coverage 130
14.1.2 Secondary Research 131
14.1.3
Primary Research 131
14.1.4 Forecasts 132
14.1.5 Expert Panel
Validation 134
14.2 Definitions 135
14.3 Unit Of Measure 136
14.4
Contact Us 136
14.5 About Global Markets Direct 136
14.6 Disclaimer
136
1.1 List of Tables
Table 1: Gabon, Historical and
Forecasted Production and Consumption of Crude Oil, 1996-2020 17
Table 2:
Gabon, Historical and Forecasted Imports and Exports of Crude Oil, 1996-2020
19
Table 3: Gabon, Historical and Forecasted Reserves of Crude Oil,
1996-2020 21
Table 4: Gabon, Historical and Forecasted Production and
Consumption of Natural Gas, 1996-2020 25
Table 5: Gabon, Historical and
Forecasted Reserves of Natural Gas, 1996-2020 27
Table 6: Gabon,
Historical and Forecasted Electricity Generation Capacity, 1996-2020 31
Table 7: Gabon, Historical and Forecasted Generation and Consumption of
Electricity, 1996-2020 33
Table 8: West Africa, Investment Benchmarking,
Overall Country Rankings, April 2008 41
Table 9: West Africa, Investment
Benchmarking, Upstream Fiscal Attractiveness, April 2008 42
Table 10: West
Africa, Investment Benchmarking, Oil and Gas Sector Performance, April 2008
44
Table 11: West Africa, Investment Benchmarking, Economic Performance,
April 2008 49
Table 12: West Africa, Investment Benchmarking,
Socio-Political Performance, April 2008 51
Table 13: Gabon, Oil and Gas,
Key Statistics, April 2008 53
Table 14: Gabon, Total Crude Oil and Natural
Gas Reserves, 2000-2012 56
Table 15: Gabon, Total Crude Oil Production
(MMBBLs), 2000-2007 57
Table 16: Gabon, Oil and Gas Asset Details, April
2008 58
Table 17: Gabon, Oil and Gas Asset Details, April 2008 (Cont' d)
59
Table 18: Gabon Offshore, Total Crude Oil Production (Barrels), by
Assets, 2000-2007 59
Table 19: Gabon Onshore, Total Crude Oil Production
(Barrels), by Assets, 2000-2007 59
Table 20: Gabon Onshore, Total Crude
Oil Production (Barrels), by Assets, 2000-2007 (Cont' d) 60
Table 21:
Gabon, Oil and Gas Planned Asset Details, April 2008 60
Table 22: Gabon,
Total Crude Oil Production (MMBBLs), by Company, 2000-2007 61
Table 23:
Gabon, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 61
Table
24: Gabon, Total Number of Active Exploration Blocks, 2000-2007 62
Table
25: Gabon, Total Number of Active Exploration Blocks By Company, 2000-2007
63
Table 26: Gabon, Oil and Gas Exploration Blocks Details, April 2008
64
Table 27: Gabon, Oil and Gas Exploration Blocks Details, April 2008
(Cont' d) 65
Table 28: Gabon, Middle East And Africa, Crude Distillation
Unit Capacity (MMTPA), 2000-2012 66
Table 29: Gabon, Crude Oil Pipelines,
2007 67
Table 30: Gabon, Natural Gas Pipelines, 2007 67
Table 31:
Addax Petroleum, Inc.,Key Facts, 2006 68
Table 32: Addax Petroleum,
Inc., SWOT Analysis , 2006 72
Table 33: Addax Petroleum, Inc.,
Revenue by Geography, USD Thousand, 2002-2006 75
Table 34: Addax
Petroleum, Inc., Financial Statements, USD Thousand, 2002-2006 76
Table
35: Addax Petroleum, Inc., Financial Ratios, USD Thousand, 2002-2006
77
Table 36: Addax Petroleum, Inc. Operational Indicators, 2002-2006
78
Table 37: Hess Corporation,Key Facts, 2007 79
Table 38:
Hess Corporation, SWOT Analysis , 2007 87
Table 39: Hess Corporation,
Revenue by Segment, USD Million, 2002-2006 92
Table 40: Hess
Corporation, Revenue by Geography, USD Million, 2002-2006 93
Table 41:
Hess Corporation, Financial Statements, USD Million, 2003-2007 94
Table
42: Hess Corporation, Financial Ratios, USD Million, 2003-2007 95
Table 43: Hess Corporation Operational Indicators, 2003-2007 96
Table
44: TOTAL S.A.,Key Facts, 2007 97
Table 45: TOTAL S.A., SWOT
Analysis , 2007 107
Table 46: TOTAL S.A., Revenue by Segment, Euro
Million, 2003-2007 111
Table 47: TOTAL S.A., Revenue by Geography,
Euro Million, 2003-2007 112
Table 48: TOTAL S.A., Financial
Statements, Euro Million, 2003-2007 113
Table 49: TOTAL S.A.,
Financial Ratios, Euro Million, 2003-2007 114
Table 50: TOTAL S.A.
Operational Indicators, 2003-2007 115
Table 51: TOTAL S.A.
Operational Indicators, 2003-2007 116
Table 52: Brent Blend NYMEX Future
Prices 134
1.2 List of Figures
Figure 1: Gabon, Energy Sector
Break-Up, 2007 15
Figure 2: Gabon, Crude Oil Production And Consumption
(Thousand Barrels Per Day), 1996-2020 18
Figure 3: Gabon, Crude Oil
Imports And Exports (Thousand Barrels Per Day), 1996-2020 20
Figure 4:
Gabon, Crude Oil Reserves (Million Barrels), 1996-2020 22
Figure 5: Gabon,
Natural Gas Production And Consumption (Billion Cubic Feet), 1996-2020 26
Figure 6: Gabon, Natural Gas Reserves (Billion Cubic Feet), 1996-2020 28
Figure 7: Gabon, Electricity Production by Fuel Type, 2007 29
Figure 8:
Gabon, Electricity Consumption by End User, 2007 30
Figure 9: Gabon,
Electricity Generation Capacity (Megawatt), 1996-2020 32
Figure 10: Gabon,
Electricity Generation And Consumption (Billion Kilowatt Hours), 1996-2020
34
Figure 11: Gabon, Upstream Oil & Gas Fiscal Regime (PSA), Sample
Cashflows, 2005-2016 40
Figure 12: West Africa, Country Standings,
Upstream Fiscal Attractiveness, April 2008 43
Figure 13: West Africa,
Country Standings, Oil and Gas Sector Performance, April 2008 45
Figure
14: West Africa, Country Standings, Oil and Gas Sector Performance, April 2008
(Contd.) 46
Figure 15: West Africa, Country Standings, Number of Active
Exploration Blocks Made Active, April 2008 47
Figure 16: West Africa,
Country Standings, Economic Performance, April 2008 49
Figure 17: West
Africa, Country Standings, Socio-Political Performance, April 2008 51
Figure 18: Gabon, Exploration and Production Assets Map, April 2008 54
Figure 19: Gabon, Total Crude Oil and Natural Gas Reserves(MMBOE),
2000-2012 55
Figure 20: Gabon, Total Crude Oil Production (MMBBLs),
2000-2007 57
Figure 21: Gabon, Total Number of Active Exploration
Blocks, 2000-2007 62
Figure 22: Addax Petroleum, Inc., Value Chain
Analysis 70
Figure 23: Hess Corporation, Value Chain Analysis 84
Figure 24: TOTAL S.A., Value Chain Analysis 103
Figure 25: Global
Markets Direct Methodology 130
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