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Look Towards A New Future

Aug 15, 2010

Bangladesh 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 the gas industry in Bangladesh. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Bangladesh. The report also analyses the fiscal regime relevant to the 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 gas sector in Bangladesh together with the latest news and deals are also included in the report.

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


Scope
  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the gas industry 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 Bangladesh Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
  • Operator and equity details for major gas assets in Bangladesh 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 Bangladesh Gas Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s gas 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 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 10
2 Bangladesh Energy Sector 11
2.1 Bangladesh Energy Sector, Market Overview 11
2.2 Bangladesh Energy Sector, Natural Gas 12
2.2.1 Bangladesh Natural Gas, Overview 12
2.2.2 Bangladesh Natural Gas, Supply and Demand Balance 12
2.2.3 Bangladesh Natural Gas, Regulatory Structure 16
2.2.4 Bangladesh Natural Gas, Infrastructure 17
3 Bangladesh Fiscal Regime 18
3.1 Bangladesh Petroleum Fiscal Environment 18
3.2 License Terms 18
3.3 Key Fiscal Terms 19
3.4 Sample Cashflows Calculations 21
4 Bangladesh Gas Upstream Investment Environment Benchmarking 22
4.1 Introduction 22
4.2 The Overall Ranking 22
4.3 Upstream Fiscal Attractiveness 23
4.3.1 Maximum Government Take Index 24
4.3.2 Maximum State Participation 24
4.4 Gas Sector Performance 24
4.4.1 Exploration Activity 26
4.4.2 Gas Production 27
4.4.3 Gas Reserves 27
4.4.4 Gas Consumption 27
4.5 Economic Performance 28
4.5.1 GDP Growth Index 29
4.5.2 FDI Confidence Index 29
4.5.3 Balance of Trade Index 30
4.6 Socio-Political Performance 30
4.6.1 Democracy Index 32
4.6.2 Governance Index 32
5 Bangladesh Exploration and Production Sector 33
5.1 Bangladesh Exploration and Production Sector, Country Snapshot 33
5.1.1 Bangladesh Exploration and Production Sector, Key Data 33
5.1.2 Bangladesh Exploration and Production Sector, Natural Gas Assets Map 33
5.2 Bangladesh Exploration and Production Sector, Marketed Natural Gas Production 34
5.2.1 Bangladesh Exploration and Production Sector, Marketed Natural Gas-Historical Production 34
5.2.2 Bangladesh Exploration and Production Sector, Marketed Natural Gas Production by Assets 35
5.2.3 Bangladesh Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 35
5.2.4 Bangladesh Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 37
5.3 Bangladesh Exploration and Production Sector, Marketed Natural Gas Forecasts 38
5.3.1 Bangladesh Exploration and Production Sector, Marketed Natural Gas Forecasted Production 38
5.3.2 Bangladesh Exploration and Production Sector, Gross Revenue Forecast 38
5.3.3 Bangladesh Exploration and Production Sector, Government Take Forecast 39
5.3.4 Bangladesh Exploration and Production Sector, Contractor Take Forecast 39
5.4 Bangladesh Exploration And Production Sector, Natural Gas Asset Details 40
5.4.1 Bangladesh Exploration And Production Sector, Active Natural Gas Asset Details 40
5.4.2 Bangladesh Exploration And Production Sector, Planned Natural Gas Asset Details 40
6 Bangladesh Pipeline Sector 41
6.1 Bangladesh Pipeline Sector, Key Data 41
6.2 Bangladesh Pipeline Sector, An Overview 41
6.3 Bangladesh Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 41
6.4 Bangladesh Pipeline Sector, Natural Gas Pipelines 42
7 Profile of Chevron Corporation 46
7.1 Chevron Corporation, Key Information 46
7.2 Chevron Corporation, Company Overview 46
7.3 Chevron Corporation, Business Description 46
7.3.1 Chevron Corporation, Business Description, Overview 46
7.3.2 Chevron Corporation, Business Description, Chemicals 47
7.3.3 Chevron Corporation, Business Description, Downstream Segment 48
7.3.4 Chevron Corporation, Business Description, Others Segment 49
7.3.5 Chevron Corporation, Business Description, Upstream Segment 50
7.4 Chevron Corporation, Value Chain Analysis 52
7.4.1 Chevron Corporation, Value Chain Analysis, Upstream 53
7.4.2 Chevron Corporation, Value Chain Analysis, Midstream 54
7.4.3 Chevron Corporation, Value Chain Analysis, Retail 54
7.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 55
7.4.5 Chevron Corporation, Value Chain Analysis, Transformation 56
7.5 Chevron Corporation, SWOT Analysis 56
7.5.1 Chevron Corporation, SWOT Analysis, Overview 56
7.5.2 Chevron Corporation, SWOT Analysis, Strengths 57
7.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 58
7.5.4 Chevron Corporation, SWOT Analysis, Opportunities 59
7.5.5 Chevron Corporation, SWOT Analysis, Threats 60
7.6 Chevron Corporation, Revenue Analysis 61
7.6.1 Chevron Corporation, Revenue by Segment 62
7.6.2 Chevron Corporation, Revenue by Geography 62
7.7 Chevron Corporation, Financial and Operational Review 63
7.7.1 Financial Statements 63
7.7.2 Financial Ratios 64
8 Profile of Tullow Oil Plc 65
8.1 Profile of Tullow Oil Plc, Key Information 65
8.2 Profile of Tullow Oil Plc, Company Overview 65
8.3 Profile of Tullow Oil Plc, Business Description 65
8.3.1 Profile of Tullow Oil Plc, Business Description, Business Overview 65
8.3.2 Profile of Tullow Oil Plc, Business Description, Oil and Gas 65
8.3.3 Tullow Oil Plc, Business Description, Major Products and Services 67
8.4 Profile of Tullow Oil Plc, Value Chain Analysis 68
8.4.1 Profile of Tullow Oil Plc, Value Chain Analysis, Upstream 68
8.5 Profile of Tullow Oil Plc, SWOT Analysis 69
8.5.1 Profile of Tullow Oil Plc, SWOT Analysis, Overview 69
8.5.2 Profile of Tullow Oil Plc, SWOT Analysis, Tullow Oil plc Strengths 70
8.5.3 Profile of Tullow Oil Plc, SWOT Analysis, Tullow Oil plc Weaknesses 71
8.5.4 Profile of Tullow Oil Plc, SWOT Analysis, Tullow Oil plc Opportunities 72
8.5.5 Profile of Tullow Oil Plc, SWOT Analysis, Tullow Oil plc Threats 73
8.6 Profile of Tullow Oil Plc, Revenue Analysis 73
8.6.1 Profile of Tullow Oil Plc, Revenue Analysis Revenue by Segment 74
8.6.2 Profile of Tullow Oil Plc, Revenue Analysis Revenue by Geography 74
8.7 Profile of Tullow Oil Plc, Financial and Operational Review 75
8.7.1 Financial Statements 75
8.7.2 Financial Ratios 76
9 Profile of Total S.A. 77
9.1 Total S.A., Key Information 77
9.2 Total S.A., Company Overview 77
9.3 Total S.A., Business Description 77
9.3.1 Total S.A., Business Description, Business Overview 77
9.3.2 Total S.A., Business Description, Chemicals 78
9.3.3 Total S.A., Business Description, Downstream 79
9.3.4 Total S.A., Business Description, Upstream 80
9.3.5 Total S.A., Business Description, Major Products and Services 81
9.4 Total S.A., Value Chain Analysis 83
9.4.1 Total S.A., Value Chain Analysis, Upstream 83
9.4.2 Total S.A., Value Chain Analysis, Midstream 84
9.4.3 Total S.A., Value Chain Analysis, Downstream 85
9.4.4 Total S.A., Value Chain Analysis, Retail 86
9.5 Total S.A., SWOT Analysis 86
9.5.1 Total S.A., SWOT Analysis, Overview 86
9.5.2 Total S.A., SWOT Analysis, Strengths 87
9.5.3 Total S.A., SWOT Analysis, Weaknesses 88
9.5.4 Total S.A., SWOT Analysis, Opportunities 89
9.5.5 Total S.A., SWOT Analysis, Threats 90
9.6 Total S.A., Revenue Analysis 91
9.6.1 Total S.A., Revenue by Segment 91
9.6.2 Total S.A., Revenue by Geography 91
9.7 Total S.A., Financial and Operational Review 93
9.7.1 Financial Statements 93
9.7.2 Financial Ratios 94
10 Financial Deals Landscape 95
10.1 Detailed Deal Summary 95
10.1.1 Asset Transactions 95
11 Recent Developments 99
11.1 License Rounds 99
11.1.1 Jun 08, 2008: Petrobangla To Conclude Gas Bidding Evalutaion By June 15, 2008 99
11.1.2 May 20, 2008: Bangladesh To Pick Bids For Offshore Gas Hunt 100
11.1.3 Mar 20, 2008: Bangladesh Sees Good Interest From Oil Firms In Gas Blocks Auction 102
11.2 License Awards 102
11.2.1 Mar 24, 2009: Bangladesh Government Announces Results Of Third Round Offshore Bidding 102
11.2.2 Mar 16, 2009: ConocoPhillips Awaits Contract For Eight Deep-Water Exploration Blocks In Bangladesh 104
11.2.3 Mar 09, 2009: Chevron's Gas Investment Plan Being Approved By Petrobangla 104
11.2.4 Jul 12, 2008: Petrobangla Selects Two International Oil Firms For Exploring Hydrocarbons In Bay Of Bengal 104
11.2.5 Jun 24, 2008: Chevron And Cairn Signs Gas Exploration Deal With Bangladesh 105
11.2.6 Jun 08, 2008: Petrobangla To Conclude Gas Bidding Evalutaion By June 15, 2008 106
11.2.7 May 07, 2008: Bangladesh To Allow Exploration Of Offshore Gas Fields 108
11.2.8 Apr 05, 2008: Cairn Energy Receives Petrobangla's Approval To Explore Further 108
11.3 Strategy and Business Expansion 109
11.3.1 Mar 18, 2009: PTTEP Quits Exploration Projects In Indonesia And Bangladesh 109
11.3.2 Mar 17, 2009: Total Surrenders Exploration Rights In Two Offshore Blocks In Bangladesh 109
11.3.3 Feb 23, 2009: Cairn Energy Surrenders Exploration Rights In Block 5, Bangladesh 110
11.4 Recent Discoveries 111
11.4.1 Feb 26, 2009: Total Identifies Offshore Gas Prospects In Bangladesh 111
11.4.2 Mar 27, 2008: Cairn Energy Announces Gas Discoveries In Bangladesh 112
11.4.3 Mar 17, 2008: Cairn Energy Plans More Exploration In Bangladesh 113
11.5 Drilling and Production Updates 113
11.5.1 Jan 12, 2009: Chevron Boosts Natural Gas Production In Bangladesh 113
11.5.2 Dec 17, 2008: Cairn Explores Deeper At Sangu Field In Bangladesh 114
11.5.3 Oct 08, 2008: Petrobangla And Tullow Commences Gas production From Bangura Gas Field In Dhaka, Bangladesh 114
11.6 Other Significant Developments 115
11.6.1 Mar 25, 2009: Petrobangla To Commission New Pipeline In Bangladesh 115
11.6.2 Mar 25, 2009: Bangladesh Asks International Companies To Tighten Oil Security 116
11.6.3 Mar 09, 2009: Total Fails To Find Hydrocarbons In Two Offshore Blocks In Bangladesh 118
11.6.4 Feb 11, 2009: Chevron To Start 2D Survey At Block 7 In Bangladesh 118
11.6.5 Dec 29, 2008: Cairn Completes Work On Sangu Field In Bangladesh 119
11.6.6 Nov 10, 2008: Daewoo Suspends Oil And Gas Exploration In Bay Of Bengal 119
11.6.7 Sep 23, 2008: Petrobangla To Conduct 3D Seismic Surveys In Gas Fields 120
11.6.8 Sep 15, 2008: India, Bangladesh Resumes Talks On Offshore Oil And Exploration Acreage 120
11.6.9 Sep 08, 2008: Cairn To Invest $9.5 Million On Sangu Field In Bangladesh 121
11.6.10 Jun 25, 2008: Bangladesh To Raise Natural Gas Production By 20% 122
12 Appendix 123
12.1 Methodology 123
12.1.1 Coverage 124
12.1.2 Secondary Research 124
12.1.3 Primary Research 125
12.1.4 E&P Forecasts 125
12.1.5 Midstream Forecasts 127
12.1.6 Expert Panel Validation 127
12.2 Contact Us 127
12.3 About GlobalData 127
12.4 Disclaimer 128

1.1 List of Tables
Table 1: Bangladesh, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 13
Table 2: Bangladesh, Historical Reserves of Natural Gas, 1996-2008 15
Table 3: South Asia, Investment Benchmarking, Overall Country Rankings, April 2008 22
Table 4: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 23
Table 5: South Asia, Investment Benchmarking, Gas Sector Performance, April 2008 25
Table 6: South Asia, Investment Benchmarking, Economic Performance, April 2008 28
Table 7: South Asia, Country Standings, Economic Performance, April 2008 28
Table 8: South Asia, Investment Benchmarking, Socio-Political Performance, April 2008 30
Table 9: South Asia, Country Standings, Socio-Political Performance, April 2008 31
Table 10: Bangladesh, Natural Gas Key Statistics, 2008 33
Table 11: Bangladesh, Total Marketed Natural Gas Production (MMcf), 2001-2008 34
Table 12: Bangladesh, Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 35
Table 13: Bangladesh, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 35
Table 14: Bangladesh, Market Share (%) based on Marketed Natural Gas Production, 2001-2008 37
Table 15: Bangladesh, Marketed Natural Gas Production(MMcf), Forecast by Assets, 2009-2014 38
Table 16: Bangladesh, Forecasted Assets-wise Gross Revenue(000'$), 2009-2014 38
Table 17: Bangladesh, Projected Assets-wise Total Government Take(000'$), 2009-2014 39
Table 18: Bangladesh, Projected Assets-wise Total Contractor Take(000'$), 2009-2014 39
Table 19: Bangladesh, Active Gas Field Assets Details 40
Table 20: Bangladesh, Planned Gas Field Assets Details 40
Table 21: Bangladesh, Pipeline Key Statistics, 2008 41
Table 22: Bangladesh, Natural Gas Pipeline Length by Company (Km), 2008 41
Table 23: Bangladesh, Natural Gas Pipelines, 2008 42
Table 24: Bangladesh, Natural Gas Pipelines, 2008 (Contd.) 43
Table 25: Bangladesh, Natural Gas Pipelines, 2008 (Contd.) 44
Table 26: Bangladesh, Natural Gas Pipelines, 2008 (Contd.) 45
Table 27: Chevron Corporation, Key Facts 46
Table 28: Chevron Corporation, SWOT Analysis 57
Table 29: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 62
Table 30: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 62
Table 31: Chevron Corporation, Financial Statements, USD Million, 2003-2007 63
Table 32: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 64
Table 33: Tullow Oil plc, Key Facts 65
Table 34: Tullow Oil plc, SWOT Analysis 70
Table 35: Tullow Oil plc, Revenue by Segment, GBP Thousand, 2003-2007 74
Table 36: Tullow Oil plc, Revenue by Geography, GBP Thousand, 2003-2007 74
Table 37: Tullow Oil plc, Financial Statements, GBP Thousand, 2003-2007 75
Table 38: Tullow Oil plc, Financial Ratios, GBP Thousand, 2003-2007 76
Table 39: TOTAL S.A., Key Facts 77
Table 40: TOTAL S.A., SWOT Analysis 87
Table 41: TOTAL S.A., Revenue by Segment, Euro Million, 2003-2007 91
Table 42: TOTAL S.A., Revenue by Geography, Euro Million, 2003-2007 92
Table 43: TOTAL S.A., Financial Statements, Euro Million, 2003-2007 93
Table 44: TOTAL S.A., Financial Ratios, Euro Million, 2003-2007 94
Table 45: PTT Exploration & Production Acquires 30% Stake In Blocks 17 and 18 From Total 95
Table 46: Santos Acquires Cairn Energy Bangladesh From Capricorn Energy 96
Table 47: Halliburton Sells Its Oil And Gas Assets In Bangladesh 97
Table 48: Total Acquires Interest In Exploration Blocks 98

1.2 List of Figures
Figure 1: Bangladesh, Energy Sector break-up, 2008 11
Figure 2: Bangladesh, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 14
Figure 3: Bangladesh, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 21
Figure 4: South Asia, Country Standings, Upstream Fiscal Attractiveness, April 2008 24
Figure 5: South Asia, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, April 2008 25
Figure 6: South Asia, Country Standings, Gas Sector Performance, by Production & Consumption, April 2008 26
Figure 7: South Asia, Country Standings, Exploration Blocks Awarded, April 2008 27
Figure 8: South Asia, Country Standings, Economic Performance, April 2008 29
Figure 9: South Asia, Country Standings, Socio-Political Performance, April 2008 31
Figure 10: Bangladesh, Natural Gas Assets Map, 2008 33
Figure 11: Bangladesh, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2001-2008 36
Figure 12: Bangladesh, Market Share (%) based on Marketed Natural Gas Production, 2008 37
Figure 13: Chevron Corporation, Value Chain Analysis 52
Figure 14: Tullow Oil plc, Value Chain Analysis 68
Figure 15: TOTAL S.A., Value Chain Analysis 83
Figure 16: GlobalData Methodology 124