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Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020

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Report Summary

Cuba Gas Markets Investment Opportunities, Market 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 Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020. 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 natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020. The report also analyses the fiscal regime relevant to the natural gas assets in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 and compares the investment environment in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 with other countries in the region. The profiles of the major companies operating in the natural gas sector in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 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 gas fields, LNG Terminals, pipelines and underground gas storage facilities in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
- Operator and equity details for major natural gas assets in Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020
- Key information relating to market regulations, key energy assets and the key companies operating in the Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020’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 Cuba Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 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 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 gas assets.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the 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 the country.

Table of Contents

1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2 Cuba Energy Sector 10
2.1 Cuba Energy Sector, Market Overview 10
2.2 Cuba Energy Sector, Natural Gas 11
2.2.1 Cuba Natural Gas, Overview 11
2.2.2 Cuba Natural Gas, Supply and Demand Balance 11
2.2.3 Cuba Natural Gas, Regulatory Structure 14
2.2.4 Cuba Natural Gas, Infrastructure 14
3 Cuba FiscalRegime 15
3.1 Cuba Petroleum Fiscal Environment 15
3.2 License Terms 15
3.3 Key Fiscal Terms 16
3.4 Sample Cashflows Calculations 17
4 Cuba Gas Upstream Investment Environment Benchmarking 18
4.1 Introduction 18
4.2 The Overall Ranking 18
4.3 Upstream Fiscal Attractiveness 19
4.3.1 Maximum Government Take Index 20
4.3.2 Maximum State Participation Index 20
4.3.3 Domestic Market Obligation Index 20
4.4 Gas Sector Performance 21
4.4.1 Exploration Activity 23
4.4.2 Gas Production 24
4.4.3 Gas Reserves 24
4.4.4 Gas Consumption 25
4.5 Economic Performance 25
4.5.1 GDP Growth Index 27
4.5.2 FDI Confidence Index 27
4.5.3 Balance of Trade Index 27
4.6 Socio-Political Performance 27
4.6.1 Democracy Index 29
4.6.2 Governance Index 29
5 Cuba Exploration and Production Sector 30
5.1 Cuba Exploration and Production Sector, Country Snapshot 30
5.1.1 Cuba Exploration and Production Sector, Key Data 30
5.1.2 Cuba Exploration and Production Sector, Natural Gas Assets Map 30
5.2 Cuba Exploration and Production Sector, Marketed Natural Gas Production 31
5.2.1 Cuba Exploration and Production Sector, Marketed Natural Gas-Historical Production 31
5.2.2 Cuba Exploration and Production Sector, Marketed Natural Gas Production by Assets 32
5.2.3 Cuba Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 32
6 Cuba Pipeline Sector 33
6.1 Cuba Pipeline Sector, Key Data 33
6.2 Cuba Pipeline Sector, An Overview 33
6.3 Cuba Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 33
6.4 Cuba Pipeline Sector, Natural Gas Pipelines 34
7 Profile of Petroleos de Venezula S.A 35
7.1 Petroleos de Venezula S.A, Key Information 35
7.2 Petroleos de Venezula S.A, Company Overview 35
7.3 Petroleos de Venezula S.A, Business Description 35
7.3.1 Petroleos de Venezula S.A, Business Description, Business Overview 35
7.3.2 Petroleos de Venezula S.A, Business Description, Exploration and Production 36
7.3.3 Petroleos de Venezula S.A, Business Description, Gas 37
7.3.4 Petroleos de Venezula S.A, Business Description, Refining, Trade and Supply 38
7.3.5 Petroleos de Venezula S.A, Business Description, Major Products and Services 40
7.4 Petroleos de Venezula S.A, Business Description, Value Chain Analysis 41
7.4.1 Petroleos de Venezula S.A, Business Description, Upstream 41
7.4.2 Petroleos de Venezula S.A, Business Description, Midstream 42
7.4.3 Petroleos de Venezula S.A, Business Description, Downstream 43
7.4.4 Petroleos de Venezula S.A, Business Description, Retail 43
7.5 Petroleos de Venezula S.A, SWOT Analysis 44
7.5.1 Petroleos de Venezula S.A, SWOT Analysis, Overview 44
7.5.2 Petroleos de Venezula S.A, SWOT Analysis, Strengths 45
7.5.3 Petroleos de Venezula S.A, SWOT Analysis, Weaknesses 46
7.5.4 Petroleos de Venezula S.A, SWOT Analysis, Opportunities 46
7.5.5 Petroleos de Venezula S.A, SWOT Analysis, Threats 48
7.6 Petroleos de Venezula S.A, Revenue Analysis 49
7.6.1 Petroleos de Venezula S.A, Revenue by Segment 49
7.6.2 Petroleos de Venezula S.A, Revenue by Geography 49
7.7 Petroleos de Venezula S.A, Financial and Operational Review 50
7.7.1 Financial Statements 50
7.7.2 Financial Ratios 51
8 Profile Of Petroleo Brasileiro S.A. 52
8.1 Petroleo Brasileiro S.A., Key Information 52
8.2 Petroleo Brasileiro S.A., Company Overview 52
8.3 Petroleo Brasileiro S.A., Business Description 52
8.3.1 Petroleo Brasileiro S.A., Business Description, Business Overview 52
8.3.2 Petroleo Brasileiro S.A., Business Description, Distribution 52
8.3.3 Petroleo Brasileiro S.A., Business Description, Exploration and Production 53
8.3.4 Petroleo Brasileiro S.A., Business Description, Gas and Energy 55
8.3.5 Petroleo Brasileiro S.A., Business Description, International 56
8.3.6 Petroleo Brasileiro S.A., Business Description, Supply 57
8.4 Petroleo Brasileiro S.A., Value Chain Analysis 59
8.4.1 Petroleo Brasileiro S.A., Value Chain Analysis, Upstream 59
8.4.2 Petroleo Brasileiro S.A., Value Chain Analysis, Midstream 60
8.4.3 Petroleo Brasileiro S.A., Value Chain Analysis, Downstream 61
8.4.4 Petroleo Brasileiro S.A., Value Chain Analysis, Retail 62
8.5 Petroleo Brasileiro S.A., SWOT Analysis 62
8.5.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 62
8.5.2 Petroleo Brasileiro S.A., SWOT Analysis, Strengths 63
8.5.3 Petroleo Brasileiro S.A., SWOT Analysis, Weaknesses 64
8.5.4 Petroleo Brasileiro S.A., SWOT Analysis, Opportunities 65
8.5.5 Petroleo Brasileiro S.A., SWOT Analysis, Threats 65
8.6 Petroleo Brasileiro S.A., Revenue Analysis 66
8.6.1 Petroleo Brasileiro S.A., Revenue by Segment 66
8.6.2 Petroleo Brasileiro S.A., Revenue by Geography 67
8.7 Petroleo Brasileiro S.A., Financial and Operational Review 68
8.7.1 Financial Statements 68
8.7.2 Financial Ratios 69
9 Petroliam Nasional Berhad (PETRONAS) 70
9.1 Petroliam Nasional Berhad (PETRONAS), Key Information 70
9.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 70
9.3 Petroliam Nasional Berhad (PETRONAS), Business Description 70
9.3.1 Petroliam Nasional Berhad (PETRONAS), Business Description, Business Overview 70
9.3.2 Petroliam Nasional Berhad (PETRONAS), Business Description, Exploration and Production Segment 71
9.3.3 Petroliam Nasional Berhad (PETRONAS), Business Description, Gas Business Segment 72
9.3.4 Petroliam Nasional Berhad (PETRONAS), Business Description, Logistics and Maritime Segment 73
9.3.5 Petroliam Nasional Berhad (PETRONAS), Business Description, Oil Business Segment 74
9.3.6 Petroliam Nasional Berhad (PETRONAS), Business Description, Petrochemicals Segment 75
9.4 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis 76
9.4.1 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Upstream 76
9.4.2 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Midstream 77
9.4.3 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Downstream 78
9.4.4 Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis, Retail 79
9.5 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 80
9.5.1 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Overview 80
9.5.2 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Strengths 80
9.5.3 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Weaknesses 81
9.5.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Opportunities 82
9.5.5 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis, Threats 83
9.6 Petroliam Nasional Berhad (PETRONAS), Revenue Analysis 84
9.6.1 Petroliam Nasional Berhad (PETRONAS), Revenue by Segment 84
9.6.2 Petroliam Nasional Berhad (PETRONAS), Revenue by Geography 85
9.7 Petroliam Nasional Berhad (PETRONAS), Financial and Operational Review 86
9.7.1 Financial Statements 86
9.7.2 Financial Ratios 87
10 Financial Deals Landscape 88
10.1 Detailed Deal Summary 88
10.1.1 Asset Transactions 88
11 Recent Developments 90
11.1 Strategy and Business Expansion 90
11.1.1 Jan 23, 2009: Russian Group Sings MoU With Cubapetroleo 90
11.1.2 Jan 23, 2009: Pebercan Announces Termination Of Production Sharing Contract 90
11.1.3 Nov 27, 2008: CNPC And Cupet Sign Framework Agreement For Cooperation In Oil Sector 91
11.1.4 Oct 31, 2008: Petrobras And Cupet To Jointly Explore Block 37 In Cuban Sea, Cuba 92
11.1.5 Oct 28, 2008: Petrobras To Partner With Cuba Petroleo To Produce Oil In Cuba 92
11.1.6 Jul 01, 2008: Cupet And Petrobras To Enter Into Exploration Deal 92
11.1.7 May 30, 2008: Petrobras Moves Forward With Cuban Plans 93
11.1.8 Jan 15, 2008: Petrobras Signs Cooperation Agreement With Cupet 94
11.2 Recent Discoveries 95
11.2.1 Jan 24, 2009: OVL Finds Two Hydrocarbon Leads In Cuban Deepwater Block 95
11.3 Drilling and Production Updates 95
11.3.1 Mar 19, 2009: Petrobras May Commence Drilling At Offshore Cuba Within A Year 95
11.3.2 Feb 17, 2009: Cupet To Drill 24 Wells In 2009 96
11.3.3 Jun 24, 2008: Cupet To Begin Offshore Oil Exploration 97
11.4 Other Significant Developments 97
11.4.1 Mar 29, 2009: Cuba Drills Oil Well Without Foreign Partner 97
11.4.2 Mar 22, 2009: Cuba To Maintain Oil Production Levels In 2009 98
11.4.3 Feb 25, 2009: Cuba Anticipates More Oil Prospects In Gulf of Mexico 98
11.4.4 Dec 03, 2008: Cuba Oil Output To Increase In Mid-Term 99
11.4.5 Aug 01, 2008: Sherritt Gives Up Four Offshore Cuba Blocks 100
11.4.6 Jul 14, 2008: Venezuela To Construct $4.3 Billion Refinery In Cuba 101
11.4.7 Jul 02, 2008: Mexico To Start Negotiations With US And Cuba 101
11.4.8 Jul 01, 2008: India To Enter Into Hydrocarbon Pact With Cuba 102
11.4.9 Jun 30, 2008: Cuba To Increase Its Refining Capacity 102
11.4.10 Apr 16, 2008: Cuba Postpones Crude Oil Strip Drilling To 2009 103
11.4.11 Jan 24, 2008: US Senator Claims Drilling Offshore Cuba Could Threaten Florida 104
11.4.12 Dec 26, 2007: Cuban Oil Production Tops 20 Million Barrels 105
11.4.13 Dec 23, 2007: Venezuela, Cuba Sign 14 Economic Cooperation Agreements 105
11.4.14 Nov 02, 2007: Gold Oil, Minmet Announce Termination Of Agreement 105
12 Appendix 107
12.1 Methodology 107
12.1.1 Coverage 108
12.1.2 Secondary Research 109
12.1.3 Primary Research 109
12.1.4 E&P Forecasts 109
12.1.5 Midstream Forecasts 111
12.1.6 Expert Panel Validation 111
12.2 Contact Us 111
12.3 About GlobalData 111
12.4 Disclaimer 112

1.1 List of Tables
Table 1: Cuba, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 11
Table 2: Cuba, Historical Reserves of Natural Gas, 1996-2008 13
Table 3: South and Central America, Investment Benchmarking, Overall Country Rankings, 2008 18
Table 4: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 19
Table 5: South and Central America, Investment Benchmarking, Gas Sector Performance, 2008 21
Table 6: South and Central America, Investment Benchmarking, Economic Performance, 2008 25
Table 7: South and Central America, Country Standings, Economic Performance, 2008 26
Table 8: South and Central America, Investment Benchmarking, Socio-Political Performance, 2008 28
Table 9: South and Central America, Country Standings, Socio-Political Performance, 2008 28
Table 10: Cuba, Natural Gas Key Statistics, 2008 30
Table 11: Cuba, Total Marketed Natural Gas Production (MMcf), 2001-2008 31
Table 12: Cuba, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 32
Table 13: Cuba, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 32
Table 14: Cuba, Pipeline Key Statistics, 2008 33
Table 15: Cuba, Natural Gas Pipelines Length By Company (Km), 2008 33
Table 16: Cuba, Natural Gas Pipelines, 2008 34
Table 17: Petroleos de Venezuela S.A., Key Facts 35
Table 18: Petroleos de Venezuela S.A., SWOT Analysis 44
Table 19: Petroleos de Venezuela S.A., Revenue by Segment, USD Million, 2003-2007 49
Table 20: Petroleos de Venezuela S.A., Revenue by Geography, USD Million, 2003-2007 50
Table 21: Petroleos de Venezuela S.A., Financial Statements, USD Million, 2003-2007 50
Table 22: Petroleos de Venezuela S.A., Financial Ratios, USD Million, 2003-2007 51
Table 23: Petroleo Brasileiro S.A., Key Facts 52
Table 24: Petroleo Brasileiro S.A., SWOT Analysis 63
Table 25: Petroleo Brasileiro S.A., Revenue by Segment, USD Million, 2003-2007 66
Table 26: Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2003-2007 67
Table 27: Petroleo Brasileiro S.A., Financial Statements, USD Million, 2003-2007 68
Table 28: Petroleo Brasileiro S.A., Financial Ratios, USD Million, 2003-2007 69
Table 29: Petroliam Nasional Berhad (PETRONAS), Key Facts 70
Table 30: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 80
Table 31: Petroliam Nasional Berhad (PETRONAS), Revenue by Segment, USD Million, 2004-2008 85
Table 32: Petroliam Nasional Berhad (PETRONAS), Revenue by Geography, USD Million, 2004-2008 85
Table 33: Petroliam Nasional Berhad (PETRONAS), Financial Statements, USD Million, 2004-2008 86
Table 34: Petroliam Nasional Berhad (PETRONAS), Financial Ratios, USD Million, 2004-2008 87
Table 35: Bayou Bend Petroleum Acquires Gulf Of Mexico Assets From Pearl Exploration And Production 88
Table 36: ONGC Videsh Acquires Interest In Six Exploratory Blocks From Repsol-YPF 89

1.2 List of Figures
Figure 1: Cuba, Energy Sector break-up, 2008 10
Figure 2: Cuba, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 12
Figure 3: Cuba, Natural Gas Reserves, Billion Cubic Feet, 1996-2008 13
Figure 4: Cuba, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 17
Figure 5: South and Central America, Country Standings, Upstream Fiscal Attractiveness, 2008 20
Figure 6: South and Central America, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, 2008 22
Figure 7: South and Central America, Country Standings, Gas Sector Performance, by Production & Consumption, 2008 23
Figure 8: South and Central America, Country Standings, Exploration Blocks Awarded, 2008 24
Figure 9: South and Central America, Country Standings, Economic Performance, 2008 26
Figure 10: South and Central America, Country Standings, Socio-Political Performance, 2008 29
Figure 11: Cuba, Natural Gas Assets Map, 2008 30
Figure 12: Cuba, Total Marketed Natural Gas Production (MMcf), 2001-2008 31
Figure 13: Cuba, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 32
Figure 14: Petroleos de Venezuela S.A., Value Chain Analysis 41
Figure 15: Petroleo Brasileiro S.A., Value Chain Analysis 59
Figure 16: Petroliam Nasional Berhad (PETRONAS), Value Chain Analysis 76
Figure 17: GlobalData Methodology 108