Insight
Cairo Breakfast Briefing 2017 - the audience view: oil price, gas exports and exploration
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie and Maplecroft held their first joint forum in Cairo on 10 April. The theme was opportunities and risks and two presentations were delivered by Wood Mackenzie: the first covering record levels of investment in North Africa, the second on Egypt and the wider Eastern Mediterranean gas dynamics. Maplecroft focused on political risks that oil and gas companies active in Algeria, Libya and Morocco must contend with. During the forum, we asked the audience to complete a questionnaire to gauge opinion on key issues concerning the upstream sector in Egypt. Questions included views on oil prices, the exchange rate of the Egyptian pound, future levels of domestic gas production, the return of exports, Israeli gas exports and Egyptian gas yet to find volumes. This report includes a review of the survey results and how they compare with Wood Mackenzie's forecasts.
Table of contents
-
Poll Results
- Oil price expected to stay within the US$50-60 range at year-end
- Egypt's exchange rate to hold at between 15 and 20 Egyptian Pounds to the Dollar
- Egypt's gas production is expected to rise sharply over the next two years
- LNG exports could resume within two years
- Egyptian LNG plants are seen as the most likely destination for Eastern Mediterranean gas
- Egypt's exploration potential remains clear
Tables and charts
This report includes the following images and tables:
-
Question 1: What will the oil price be on 31 December 2017?Question 2: What will the exchange rate of the US$ to EGP be on 31 December 2017?Question 3: What will indigenous Egyptian gas production average in 2018?
-
Question 4: When will Egypt become a net gas exporter again (when will exports exceed imports)?Question 5: Where will most Israeli gas exports (gas from phases 2 of Tamar and Leviathan go)?Question 6: How much gas will Egypt discover over the next three years (2017-2019)?
What's included
This report contains:
Other reports you may be interested in
Asset Report
Isabela (MC 562)
Isabela (MC 562) is an oil and gas field located in Mississippi Canyon block 562 of the Central Gulf. The field was discovered in April ...
$3,720
Asset Report
Matterhorn (MC 243)
Matterhorn (MC 243) is a small-sized oil and gas field located in the Mississippi Canyon protraction area of the Central Gulf of ...
$3,720
Asset Report
Boomvang
Boomvang is a predominantly oil-prone development located in the East Breaks protraction area of the Western Gulf of Mexico. Comprised ...
$3,720
