Insight
Cairo Breakfast Briefing 2018 - the audience view: oil price, gas exports and domestic production
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie held its second forum in Cairo on 16 April. There were attendees from oil and gas companies, service companies, financial institutions, EGAS, EGPC and the Ministry. During the forum, we asked the audience to complete a questionnaire to gauge opinion on key issues concerning the upstream sector and the outlook for Egypt. Questions included views on oil prices, future oil and gas production, Egyptian LNG exports, regional gas exports, arrears and exploration.
Table of contents
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Poll Results
- Oil price expected to fall into the US$60-US$70 range
- Indigenous gas production will grow to between 6.5 bcf and 8.5 bcf in 2020
- Indigenous liquids production is expected to hold steady
- Uncertainty reigns over Damietta
- East Mediterranean gas will come to Egypt
- Most people believe Egypt will miss the 2019 deadline for paying off debt
- There will be new reserves discovered in the West Med or Red Sea with production expected before 2024
- Mo Salah expected to perform but won’t be top goal scorer
Tables and charts
This report includes the following images and tables:
- Question 1: What will the oil price be on 31 December 2018?
- Question 2: What will indigenous Egyptian gas production average in 2020?
- Question 3: What will Egyptian liquids production average in 2020?
- Question 4: When will exports restart from Damietta?
- Question 5: Where will most East Med exports go?
- Question 6: When will Egypt pay off outstanding arrears to IOCs?
- Question 7: When will first production come from Egypt’s West Mediterranean or Red Sea acreage?
- Question 8: How many goals will Mo Salah score at the World Cup?
What's included
This report contains:
