Douglas-Westwood’s (DW) new publication, the Iran Oil & Gas Market Forecast provides detailed analysis of key markets within Iran’s oil & gas sector, including historical and forecast drilling and production, oilfield services expenditure, and onshore and offshore rig demand.
Report highlights include a forecast 10% compound annual growth (CAGR) in onshore oilfield services spend (to reach $2.25 billion in 2019), a 6% CAGR in the active onshore rig fleet, and a 6% CAGR in gas processing Capex (to reach $6.6 billion in 2019).
Iran’s oil & gas sector has been heavily impacted by the introduction and tightening of international sanctions in recent years, and the signing of the Joint Comprehensive Plan of Action (JCPOA) represents a step forward in terms of normalizing the country’s relations with the global community.
The anticipated lifting of the international sanctions poses significant upside potential for Iran’s oil & gas production, with the country having set ambitious targets for increasing its output in the coming years. Analysis in the Iran Oil & Gas Market Forecast includes historical and forecast onshore and offshore oil & gas production over 2005–2021, as well as onshore and offshore oil & gas development wells drilled. This analysis is based on a thorough project-by-project review of upcoming field developments and a conservative assessment of the timing of activity. The report contains a detailed overview of the key onshore and offshore E&P operators, as well as key planned or ongoing projects.
An anticipated rise in drilling activity will lead to an increase in demand for both onshore and offshore rigs. The Iran Oil & Gas Market Forecast contains a detailed overview of historical and forecast rig demand over 2010–2019, as well as the current identified fleet and competitive landscape. Drilling activity also has a impact on the oilfield services market, and the Iran Oil & Gas Market Forecast provides historical and forecast oilfield services expenditure for 20 oilfield service lines in Iran, including rig & crew, cementing, and fishing.
In its analysis of key production infrastructure, the report includes coverage of the fixed and floating platforms market, including historical and forecast installations, as well as historical and forecast capital expenditure over 2010–2019. Analysis of the onshore pipelines market includes an overview of the installed length and product type of identified pipelines in Iran over 2010–2019, as well as historical and forecast capital expenditure and kilometers installed for the Middle East.
The report also provides coverage of key downstream facilities, including refineries, gas processing facilities, and petrochemical facilities, as well as the liquefied natural gas (LNG) market. DW’s market analysis for refineries, gas processing, and petrochemicals includes historical and forecast cumulative capacity, as well as maintenance expenditure, over 2010–2019. For refineries and gas processing, the report also includes historical and forecast capital expenditure segmented by equipment type.
The Iran Oil & Gas Market Forecast contains:
Macro-economic overview specific to Iran – The report contains a detailed macro-economic overview, tailored specifically to Iran’s oil & gas sector. This includes analysis of the impact of the recent international sanctions, as well as a post-2015 outlook, and overview of Iran’s current hydrocarbons policy.
Coverage of a range of markets – The report provides coverage of key markets within Iran’s oil & gas sector, including oilfield services, onshore and offshore rig, onshore pipelines, and downstream facilities (refineries, gas processing, petrochemicals, and LNG).
Detailed analysis – Analysis of key markets included in the report is based on data generated in-house using models exclusive to DW, including DW’s own D&P models for production and wells drilled. The report also utilises a multitude of data sources, including DW’s upstream and midstream construction and rig fleet data, drawing on a range of established DW reports and insight, including the World Drilling & Production Forecast 2015–2019, the World Onshore Pipelines Market Forecast 2015–2019, and the World Oilfield Services Market Forecast 2015–2019.
Focus on key projects – The report provides a detailed overview of key onshore and offshore oil & gas projects which are expected to drive growth in the rig and oilfield services markets, as well as onshore pipelines projects planned or under construction.
Expenditure forecasts – The report contains forecasts for onshore rig upgrade and newbuild expenditure, onshore and offshore oilfield services expenditure, fixed platforms capital expenditure, maintenance expenditure for refineries, gas-processing and petrochemical facilities, and capital expenditure for refineries and gas processing facilities.