Bangladesh Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Bangladesh Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Bangladesh Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Bangladesh. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the oil and gas assets (oil and gas fields, exploration blocks, refineries, pipelines, LNG terminals and storage terminals) in Bangladesh. The report also analyses the fiscal regime relevant to the oil and gas assets in Bangladesh and compares the investment environment in Bangladesh with other countries in the region. The profiles of the major companies operating in the oil and gas sector in Bangladesh together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
• Historical and forecast data and information for all the major exploration blocks, oil and gas fields, refineries, pipelines, LNG terminals and storage terminals in Bangladesh for the period 1995-2020.
• Operator and equity details for major oil and gas assets in Bangladesh
• Key information relating to market regulations, key energy assets and the key companies operating in the Bangladesh’s energy industry.
• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
• Information on the top companies in the Bangladesh including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Evaluate the attractiveness of the geography for oil and gas investment in the light of government policies and the fiscal environment.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil and gas assets.
• Assess your competitor’s major oil and gas assets and their performance.
• Analyze the latest news and financial deals in the oil and gas sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in each the country.

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Introduction 11
2.1 What Is This Report About? 11
2.2 How To Use This Report 12
2.3 Market Definition 12
3 Bangladesh Energy Sector 14
3.1 Bangladesh Energy Sector, Market Overview 14
3.2 Bangladesh Energy Sector, Crude Oil 15
3.2.1 Bangladesh Crude Oil, Overview 15
3.2.2 Bangladesh Crude Oil, Supply and Demand Balance 15
3.2.3 Bangladesh Crude Oil, Regulatory Structure 21
3.2.4 Bangladesh Crude Oil, Infrastructure 21
6.1 Bangladesh Energy Sector, Natural Gas 22
6.1.1 Bangladesh Natural Gas, Overview 22
6.1.2 Bangladesh Natural Gas, Supply and Demand Balance 22
6.1.3 Bangladesh Natural Gas, Regulatory Structure 26
6.1.4 Bangladesh Natural Gas, Infrastructure 27
6.2 Bangladesh Energy Sector, Coal 27
6.2.1 Bangladesh Coal, Overview 27
6.2.2 Bangladesh Coal, Supply and Demand Balance 27
6.2.3 Bangladesh Coal, Regulatory Structure 29
6.2.4 Bangladesh Coal, Infrastructure 29
6.3 Bangladesh Energy Sector, Electricity 30
6.3.1 Bangladesh Electricity, Overview 30
6.3.2 31
6.3.3 Bangladesh Electricity, Supply and Demand Balance 31
6.3.4 Bangladesh Electricity, Regulatory Structure 35
6.3.5 Bangladesh Electricity, Infrastructure 36
7 Bangladesh Fiscal Regime 37
7.1 Bangladesh Petroleum Fiscal Environment 37
7.2 License Terms 37
7.3 Key Fiscal Terms 38
7.4 Sample Cashflows Calculations 41
8 Bangladesh Upstream Investment Environment Benchmarking 42
8.1 Introduction 42
8.2 The Overall Ranking 42
8.3 Upstream Fiscal Attractiveness 42
8.3.1 Maximum Government Take Index 44
8.3.2 Maximum State Participation 44
8.4 Oil and Gas Sector Performance 44
8.4.1 Exploration Activity 47
8.4.2 Oil and Gas Production 48
8.4.3 Oil and Gas Reserves 49
8.4.4 Consumption 49
8.4.5 Refining Industry 49
8.5 Economic Performance 49
8.5.1 GDP Growth Index 51
8.5.2 FDI Confidence Index 51
8.5.3 Balance of Trade Index 51
8.6 Socio-Political Performance 51
8.6.1 Democracy Index 53
8.6.2 Governance Index 53
9 Bangladesh Exploration And Production Sector 54
9.1 Bangladesh, Country Snapshot 54
9.1.1 Bangladesh, Key Data 54
9.1.2 Bangladesh, Exploration and Production Assets Map 55
9.1.3 Bangladesh, Crude Oil & Natural Gas Reserves 56
9.2 Bangladesh, Crude Oil And Natural Gas Production 58
9.2.1 Bangladesh, Historical Crude Oil Production 58
9.2.2 Bangladesh, Historical Natural Gas Production 59
9.2.3 Bangladesh, Crude Oil and Natural Gas Producing Asset Details 60
9.2.4 Bangladesh, Crude Oil Producing Assets by Area 62
9.2.5 Bangladesh, Natural Gas Producing Assets by Area 63
9.2.6 Bangladesh, Planned Production Assets Details 64
9.2.7 Bangladesh, Crude Oil Production by Company 64
9.2.8 Bangladesh, Natural Gas Production by Company 65
9.3 Bangladesh, Crude Oil And Natural Gas Forecasts 65
9.3.1 Bangladesh, Forecasted Crude Oil Production 65
9.3.2 Bangladesh, Forecasted Natural Gas Production 66
9.3.3 Bangladesh, Forecasted Crude Oil Production of Key Assets 66
9.3.4 Bangladesh, Forecasted Natural Gas Production of Key Assets 66
9.3.5 Bangladesh, Forecasted Asset Wise Gross Revenues 67
9.3.6 Bangladesh, Forecasted Asset Wise Total Government Take 67
9.3.7 Bangladesh, Forecasted Asset Wise Income Tax 68
9.3.8 Bangladesh, Forecasted Asset Wise Contractor Take 68
9.4 Bangladesh, Exploration Block Details 69
9.4.1 Bangladesh, Total Number of Active Exploration Blocks 69
9.4.2 Bangladesh, Total Number of Active Exploration Blocks by Company 70
9.4.3 Bangladesh, Exploration Blocks Details 71
9.4.4 Bangladesh, Planned Exploration Blocks Details 72
10 Bangladesh Refining Sector 73
10.1 Bangladesh Refining Sector, Overview 73
10.2 Bangladesh Refining Sector, Crude Distillation Unit Capacity 73
10.3 Bangladesh Refining Sector, Hydrocracking Capacity 73
11 Bangladesh Pipeline Sector 74
11.1 Bangladesh Pipeline Sector, Overview 74
11.2 Bangladesh Pipeline Sector, Natural Gas Pipelines 75
12 Bangladesh Mineral Oil & Gas Corporation 77
12.1 Bangladesh Mineral Oil & Gas Corporation, Key Information 77
12.2 Bangladesh Mineral Oil & Gas Corporation, Company Overview 77
12.3 Bangladesh Mineral Oil & Gas Corporation, Business Description 77
12.3.1 Bangladesh Mineral Oil & Gas Corporation, Business Description, Business Overview 77
13 Chevron Corporation 80
13.1 Chevron Corporation, Key Information 80
13.2 Chevron Corporation, Company Overview 80
13.3 Chevron Corporation, Business Description 80
13.3.1 Chevron Corporation, Business Description, Business Overview 80
13.4 Chevron Corporation, Value Chain Analysis 81
13.4.1 Chevron Corporation, Value Chain Analysis, Upstream 81
13.4.2 Chevron Corporation, Value Chain Analysis, Midstream 82
13.4.3 Chevron Corporation, Value Chain Analysis, Retail 83
13.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 83
13.4.5 Chevron Corporation, Value Chain Analysis, Transformation 84
13.5 Chevron Corporation, SWOT Analysis 85
13.5.1 Chevron Corporation, SWOT Analysis, Overview 85
13.5.2 Chevron Corporation, SWOT Analysis, Strengths 85
13.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 86
13.5.4 Chevron Corporation, SWOT Analysis, Opportunities 87
13.5.5 Chevron Corporation, SWOT Analysis, Threats 88
13.6 Chevron Corporation, Revenue Analysis 89
13.6.1 Chevron Corporation, Revenue Analysis, Revenue by Segment 90
13.6.2 Chevron Corporation, Revenue Analysis, Revenue by Geography 90
13.7 Chevron Corporation, Financial and Operational Review 91
13.7.1 Chevron Corporation, Financial and Operational Review, Financial Statements 91
13.7.2 Chevron Corporation, Financial and Operational Review, Financial Ratios 92
13.8 Chevron Corporation, Operational Indicators 93
14 Santos Ltd. 94
14.1 Santos Ltd., Key Information 94
14.2 Santos Ltd., Company Overview 94
14.3 Santos Ltd., Business Description 94
14.3.1 Santos Ltd., Business Description, Business Overview 94
14.3.2 Santos Ltd., Business Description, Exploration and Production Segment 94
14.3.3 Santos Ltd., Business Description, Major Products and Services 96
14.4 Santos Ltd., Value Chain Analysis 97
14.4.1 Santos Ltd., Value Chain Analysis, Upstream 97
14.4.2 Santos Ltd., Value Chain Analysis, Midstream 98
14.5 Santos Ltd., SWOT Analysis 98
14.5.1 Santos Ltd., SWOT Analysis, Overview 98
14.5.2 Santos Ltd., SWOT Analysis, Santos Ltd. Strengths 99
14.5.3 Santos Ltd., SWOT Analysis, Weaknesses 99
14.5.4 Santos Ltd., SWOT Analysis, Opportunities 99
14.5.5 Santos Ltd., SWOT Analysis, Threats 100
14.6 Santos Ltd., Revenue Analysis 100
14.6.1 Santos Ltd., Revenue Analysis, Revenue by Segment 100
14.6.2 Santos Ltd., Revenue Analysis, Revenue by Geography 101
14.7 Santos Ltd., Financial and Operational Review 102
14.7.1 Santos Ltd., Financial and Operating Review, Financial Statements 102
14.7.2 Santos Ltd., Financial and Operating Review, Financial Ratios 103
14.8 Santos Ltd., Operational Indicators 103
15 Recent Developments 104
15.1 License Rounds 104
15.1.1 Jun 08, 2008: Petrobangla To Conclude Gas Bidding Evalutaion By June 15, 2008 104
15.1.2 May 20, 2008: Bangladesh To Pick Bids For Offshore Gas Hunt 105
15.1.3 Mar 20, 2008: Bangladesh Sees Good Interest From Oil Firms In Gas Blocks Auction 106
15.1.4 Mar 09, 2008: Petrobangla To Hold Road Show For Offshore Bidding Round-2008 On March 30-31, 2008 106
15.1.5 Feb 06, 2008: Bangladesh To Invite Foreign Companies For Exploring Offshore Oil And Gas 107
15.2 License Awards 107
15.2.1 Jul 12, 2008: Petrobangla Selects Two International Oil Firms For Exploring Hydrocarbons In Bay Of Bengal 107
15.2.2 Jun 24, 2008: Chevron And Cairn Signs Gas Exploration Deal With Bangladesh 108
15.2.3 Jun 08, 2008: Petrobangla To Conclude Gas Bidding Evalutaion By June 15, 2008 108
15.2.4 May 07, 2008: Bangladesh To Allow Exploration Of Offshore Gas Fields 109
15.2.5 Apr 05, 2008: Cairn Energy Receives Petrobangla's Approval To Explore Further 110
15.2.6 Mar 31, 2008: Petrobangla To Offer Blocks For Offshore Exploration Rights 110
15.3 Recent Discoveries 111
15.3.1 Mar 27, 2008: Cairn Energy Announces Gas Discoveries In Bangladesh 111
15.3.2 Mar 17, 2008: Cairn Energy Plans More Exploration In Bangladesh 111
15.4 Other Significant Developments 112
15.4.1 Jun 25, 2008: Bangladesh To Raise Natural Gas Production By 20% 112
15.4.2 Jun 18, 2008: India, Burma Raise Objections On Bangladesh Licenses 112
15.4.3 May 17, 2008: Bangladesh To Receive $400 million World Bank Loan For Power 114
16 Appendix 115
16.1 Methodology 115
16.1.1 Coverage 115
16.1.2 Secondary Research 116
16.1.3 Primary Research 116
16.1.4 Forecasts 117
16.1.5 Expert Panel Validation 120
16.2 Definitions 120
16.3 Unit Of Measure 121
16.4 Contact Us 121
16.5 About Global Markets Direct 121
16.6 Disclaimer 121



1.1 List of Tables
Table 1: Bangladesh, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 16
Table 2: Bangladesh, Historical and Forecasted Imports of Crude Oil, 1996-2020 18
Table 3: Bangladesh, Historical and Forecasted Reserves of Crude Oil, 1996-2020 20
Table 4: Bangladesh, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 23
Table 5: Bangladesh, Historical and Forecasted Reserves of Natural Gas, 1996-2020 25
Table 6: Bangladesh, Historical and Forecasted Consumption of Coal, 1996-2020 28
Table 7: Bangladesh, Historical and Forecasted Electricity Generation Capacity, 1996-2020 32
Table 8: Bangladesh, Historical and Forecasted Generation and Consumption Electricity, 1996-2020 34
Table 9: South Asia, Investment Benchmarking, Overall Country Rankings, April 2008 42
Table 10: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 43
Table 11: South Asia, Investment Benchmarking, Oil and Gas Sector Performance, April 2008 45
Table 12: South Asia, Investment Benchmarking, Economic Performance, April 2008 50
Table 13: South Asia, Investment Benchmarking, Socio-Political Performance, April 2008 52
Table 14: Bangladesh, Oil and Gas, Key Statistics, April 2008 54
Table 15: Bangladesh, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 57
Table 16: Bangladesh, Total Crude Oil Production (MBBLs), 2000-2007 58
Table 17: Bangladesh, Total Natural Gas Production (BCF), 2000-2007 59
Table 18: Bangladesh Oil and Gas Asset Details, April 2008 60
Table 19: Bangladesh Oil and Gas Asset Details, April 2008 (Cont’d) 61
Table 20: Barisal, Total Crude Oil Production (Barrels), by Assets, April 2008 62
Table 21: Chittagong, Total Crude Oil Production (Barrels), by Assets, April 2008 62
Table 22: Dhaka, Total Crude Oil Production (Barrels), by Assets, April 2008 62
Table 23: Sylhet, Total Crude Oil Production (Barrels), by Assets, April 2008 62
Table 24: Barisal, Total Natural Gas Production (MMCF), by Assets, April 2008 63
Table 25: Chittagong, Total Natural Gas Production (MMCF), by Assets, April 2008 63
Table 26: Dhaka, Total Natural Gas Production (MMCF), by Assets, April 2008 63
Table 27: Sylhet, Total Natural Gas Production (MMCF), by Assets, April 2008 63
Table 28: Bangladesh, Oil and Gas Planned Production Asset Details, April 2008 64
Table 29: Bangladesh, Crude Oil Production (MBBLs), by Company, 2000-2007 64
Table 30: Bangladesh, Total Natural Gas Production (BCF), by Company, 2000-2007 65
Table 31: Bangladesh, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 65
Table 32: Bangladesh, Total Natural Gas Production (BCF), Forecast, 2008-2013 66
Table 33: Bangladesh, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2008-2013 66
Table 34: Bangladesh, Total Natural Gas Production (BCF), Forecast by Assets, 2008-2013 66
Table 35: Bangladesh, Forecasted Assets-wise Gross Revenue (000’$), 2008-2013 67
Table 36: Bangladesh, Forecasted Assets-wise Total Government Take (000’$), 2008-2013 67
Table 37: Bangladesh, Forecasted Assets-wise Total Contractor Take (000’$), 2008-2013 68
Table 38: Bangladesh, Total Number of Active Exploration Blocks, 2000-2007 69
Table 39: Bangladesh, Total Number of Active Exploration Block by Company, 2000-2007 70
Table 40: Bangladesh, Oil and Gas Exploration Blocks Details, April 2008 71
Table 41: Bangladesh, Oil and Gas Planned Exploration Block Details, April 2008 72
Table 42: Bangladesh, Asia-Pacific, Crude Distillation Unit Capacity (MMTPA), 2000-2012 73
Table 43: Bangladesh, Asia-Pacific, Hydrocracking Unit Capacity (MMTPA), 2000-2012 73
Table 44: Bangladesh, Natural Gas Pipelines, 2007 75
Table 45: Bangladesh Mineral Oil & Gas Corporation, Key Facts 77
Table 46: Chevron Corporation, Key Facts, 2006 80
Table 47: Chevron Corporation, SWOT Analysis , 2006 85
Table 48: Chevron Corporation, Revenue by Segment, USD Million, 2002-2006 90
Table 49: Chevron Corporation, Revenue by Geography, USD Million, 2002-2006 90
Table 50: Chevron Corporation, Financial Statements, USD Million, 2002-2006 91
Table 51: Chevron Corporation, Financial Ratios, USD Million, 2002-2006 92
Table 52: Chevron Corporation Operational Indicators, 2002-2006 93
Table 53: Santos Ltd., Key Facts, 2006 94
Table 54: Santos Ltd., SWOT Analysis , 2006 99
Table 55: Santos Ltd., Revenue by Segment, A$ Million, 2002-2006 101
Table 56: Santos Ltd., Revenue by Geography, A$ Million, 2002-2006 101
Table 57: Santos Ltd., Financial Statements, A$ Million, 2002-2006 102
Table 58: Santos Ltd., Financial Ratios, A$ Million, 2002-2006 103
Table 59: Santos Ltd. Operational Indicators, 2002-2006 103
Table 60: Brent Blend NYMEX Future Prices 119



1.2 List of Figures
Figure 1: Bangladesh, Energy Sector break-up, 2007 14
Figure 2: Bangladesh, Crude Oil Consumption, Thousand Barrels Per Day, 1996-2020 17
Figure 3: Bangladesh, Crude Oil Imports, Thousand Barrels Per Day, 1996-2020 19
Figure 4: Bangladesh, Crude Oil Reserves, Million Barrels, 1996-2020 21
Figure 5: Bangladesh, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 24
Figure 6: Bangladesh, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 41
Figure 7: South Asia, Country Standings, Upstream Fiscal Attractiveness, April 2008 44
Figure 8: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 46
Figure 9: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 47
Figure 10: South Asia, Country Standings, Number of Active Exploration Blocks Made Active, April 2008 48
Figure 11: South Asia, Country Standings, Economic Performance, April 2008 50
Figure 12: South Asia, Country Standings, Socio-Political Performance, April 2008 52
Figure 13: Bangladesh, Exploration and Production Assets Map, April 2008 55
Figure 14: Bangladesh, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 56
Figure 15: Bangladesh, Total Crude Oil Production (MBBLs), 2000-2007 58
Figure 16: Bangladesh, Total Natural Gas Production (BCF), 2000-2007 59
Figure 17: Bangladesh, Total Number of Active Exploration Blocks, 2000-2007 69
Figure 18: Chevron Corporation, Value Chain Analysis 81
Figure 19: Santos Ltd., Value Chain Analysis 97
Figure 20: Global Markets Direct Methodology 115