Friday, December 23, 2016

OIL AND GAS AND NATURAL GAS IN LIBIA AND OMAN AND KUWAIT

KUWAIT AND LIBIA Oil ANd Gas Report Q1 2013 announces gas output is forecast to extend from an estimate of twelve.0bcm in 2012 to eighteen.0bcm
Friday, Jan 18, 2013

Research and Markets (http://www.researchandmarkets.com/research/5cpwzp/libya_oil_and_gas) has proclaimed the addition of the "Libya Oil and Gas Report Q1 2013" report back to their giving.

"Libya Oil and Gas Report Q1 2013"

Oil and gas production is predicted to own bounced back powerfully in 2012, despite the apparent political risks related to Libya's transition to a brand new democratic government. Over the long term, each oil and gas volumes area unit doubtless to extend on the far side pre-war levels as new investment flows into under-explored areas - particularly the offshore Sirte Basin. However, the author notes AN eruption of regional tensions below a still fragile government might destabilise upstream growth.

The key trends and developments in Libya's oil & gas sector are:

- The author estimates total liquids production of one.62mn barrels per day (b / d) in 2012, rising to one.77mn b / d in 2016 and one.85mn b / d by 2021.

- International investment is additionally an enormous unknown. Foreign suitors area unit doubtless to be attracted by Libya's huge oil and gas reserves, that stood at AN calculable at forty six.4bn barrels (bbl) and one.56trn three-dimensional metres (cm) severally in 2011.

- Before the warfare, there was some 378,000b / d of purification capability in African country (according to BMI's Downstream comes Database). outturn has been well below this level in H112 as a result of the country's 220,000b / d Ras Lanuf facility remained shut-in till late August 2012.

Forecasts purpose to a gradual restoration of industrial plant exercise, with 2013 set for a come back to pre-war levels.

Source: Business Wire

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