Research and Markets: South Africa Oil and Gas Report Q4 2012
Research and Markets (http://www.researchandmarkets.com/research/56f2mw/south_africa_oil) has announced the addition of the "South Africa Oil and Gas Report Q4 2012" report to their offering.
With only limited conventional domestic reserves available, South Africa has learned to make efficient use of its natural resources. Synthetic oil production adds nearly 200,000b/d to the country's output, and this figure could exceed 250,000b/d by 2021. With an estimated 13.7tcm of shale gas resources in place, the country could also boost its gas and synthetic fuels output to meet growing domestic demand.
The main trends and developments in South Africa's oil & gas sector are:
- South Africa has limited oil reserves, which stand at about 15mn barrels (bbl), according to 2011 estimates from the Energy Information Administration (EIA). We expect this to decline over our forecast period, with just 13.5mn bbl expected in 2021. However, BMI expects liquids production to increase from an estimated 183,000 barrels per day (b/d) in 2011 to 290,000 in 2021.
- Consumption of crude is forecasted to rise steadily over our 10-year forecast period, broadly in line with GDP growth. We anticipate that domestic demand will rise from an estimated 610,000b/d in 2011, to hit 792,000b/d in 2021.
- A significant share of this consumption will be met with synthetic fuels (synfuels) derived from coal-to-liquid (CTL) and gas-to-liquid (GTL) processes. Local company Sasol owns the 160,000b/d CTL Secunda plant and state-backed PetroSA operates the 45,000b/d Mossgas GTL facility, which combined add nearly 205,000b/d to domestic liquids production. Sasol has plans to expand Secunda by another 30,000b/d and has proposed to build the 80,000b/d Mafutha plant.
The South Africa 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 South Africa's oil and gas industry.
Key Topics Covered
- SWOT Analysis
- Global Energy Market Outlook
- Regional Energy Market Outlook
- Industry Forecast Scenario
- Oil And Gas Infrastructure
- Regional and Country Risk/Reward Ratings
- Competitive Landscape
- Company Monitor
- Glossary Of Terms
- Oil And Gas Risk/Reward Ratings Methodology
- Petro SA
- Royal Dutch Shell
For more information visit http://www.researchandmarkets.com/research/56f2mw/south_africa_oil