APPA Bulletin / December 2008

Transcription

APPA Bulletin / December 2008
Publication semestrielle / Half-yearly Publication
Prix : 1500 FCFA / 3$US ISSN : 1991-7597
Préparation de la 26e Réunion du Conseil des
Ministres de l’APPA, Brazzaville.
Preparation of the 26th Meeting of Council of
Ministers of APPA, Brazzaville.
AFRICAN PETROLEUM PRODUCERS' ASSOCIATION
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS
ASOCIACIÓN DE LOS PRODUCTORES DE PETROLEO AFRICANOS
ASSOCIAÇÃO DOS PRODUTORES DE PETRÓLEO AFRICANOS
o
S
m
m
a
r
y
AFRICAN PETROLEUM
PRODUCERS' ASSOCIATION
(APPA)
Executive Secretary
Dr. DAVID EKOUME
Executive Secretary Assistant
in charge of Technical Matters
Mr Adnane BOUHOUCHE
Executive Secretary Assistant
in charge of Administrative and
Financial Matters
Mr Bernard MASSENE
✔
EDITORIAL .......................................................................... 23
✔
NEWS FROM THE ASSOCIATION
The 36th meeting of the Committee of Experts ........................... 24
Meeting between theAPPA secretariat and the APPA Fund
for the technical cooperation ....................................................... 26
APPA data bank .......................................................................... 28
Development of the Congolese basin .......................................... 29
Publication Manager
Dr. David EKOUME
Editor
Mr Adnane BOUHOUCHE
Bulletin issued by
the APPA Secretariat
Overview of Chad Oil Sector ...................................................... 30
✔
STATISTICS
Oil prices of main crudes in APPA members countries
(january-september 2008)............................................................ 32
Oil prices of main crudes in APPA members countries
(january-september 2008) ........................................................... 33
World crude oil reserves ............................................................. 34
Publishing
Moïse SEKSIG
Diffusion universelle
BP 4988 Libreville
E-mail : [email protected]
World crude oil productions ........................................................ 37
World nature oil reserves ............................................................. 40
B.P. 1097 Brazzaville, Republic of Congo
Tél.: +(242) 665.38.57
Fax: +(242) 669.99.13
[email protected]
www.appa.int
ISSN 1991-7600
Page 23 / APPA Bulletin / December 2008
e d i t o r i a l
Editorial
CONSOLIDATING
INTRA-AFRICAN
COOPERATION
H.E. David EKOUME
Executive Secretary
he creation of the APPA in the
1987 in Lagos by eight
Member Countries conveys
the ever asserted determination of
African
petroleum
producing
countries to combine their efforts in
a world undergoing a major change,
characterized by the emergence of
economic groupings so as to
promote the exchange of information
and the coordination of strategies
and policies for a better management
of oil resources. The APPA's
ambition is therefore to optimize its
Member Countries' revenues and to
back a sustainable development,
particularly by actively contributing
to the promotion of energy security
and meeting the energy requirements
of populations.
T
Faced with the need to step up
Africa's energy offer in a context
characterized by the rise in oil prices
and oil products, the Council of
Ministers of the APPA meeting in
Yaounde in March 2008 adopted the
7th Action Programme of the
Association which covers the period
2008-2011 and makes a provision for
the promotion of local participation
in oil industry still dominated by
international majors. In this
perspective, the APPA's efforts focus
on the harmonization of the fiscal
and contractual framework of
Member Countries in the oil field
and the capacity building of those
countries so as to maximize the
productiono of their oil-fields and
the monitoring of oil activities.
The APPA undertakes to fulfil these
missions effectively.
In view of the insufficient trade in
energy between African countries,
the APPA also intends to promote the
development of intra-African trade
in oil and gaz through transport,
storage and distribution infrastructure.
Thus, efforts continued so as to put
the APPA's Data Bank into
operation. As an information
exchange platform, this important
tool will help give the oil
information sharing and exchange
process between decision-makers
and experts in charge of this sector a
real boost.
exploration in our countries. As
Africa is increasingly regarded as a
key region on the world energy
scene, the APPA is convinced that
the solid common platform that the
Association continues to build between African petroleum and gas producing countries is the means by
excellence for promoting the sustainable development of their hydrocarbon resources.
Finally, it is worth pointing out that
financial resources should be
mobilized both on international and
national levels so as to speed up
Page 24 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
<
< NEWS FROM THE
ASSOCIATION
THE 36th MEETING OF THE
COMMITTEE OF EXPERTS
High table, 36th Meeting of Committee of Experts of APPA
T
he 36th ordinary Meeting of
the Committee of Experts of
the APPA was held in
Brazzaville from 16 to17 september
2008.
For record, the Commitee of Experts
is the second body of theAPPA, after
the Council of Ministers (supreme
decision-making body). It is composed of high-level experts appointed
by each Member Country. The
Committee of Experts meets twice a
year : the first meeting is organized
by the APPA secretariat six months
after the holding of the session of
the Council of Ministers of the
APPA and the second one just
before the holding of that session.
The opening ceremony of the 36th
ordinary Meeting of the Committee
of Experts was chaired by Mr Alfred
Charles SOCKATH, Principal
Private Secretary to the Minister of
State, Minister of Hydrocarbons of
Congo, on behalf of H.E Jean
Baptiste TATI LOUTARD, Minister
of State and serving Chairman.
In his address, after welcoming all
delegations, Mr SOCKATH availed
himself of the opportunity to
reassert the commitment of Congo
to continue to back the promotion of
the APPA's activities and urged the
Committee of Experts to see to it
that the activities included in the 7th
Programme of Actions of the APPA,
notably the putting into operation of
the APPA Data Bank and the preparation of the 4th edition of the
Congrès Africain du Pétrole et
Exposition (CAPE IV) / African
Congress of Petroleum and
Exhibition were implemented.
At this meeting chaired by APPA
National Representative for Congo,
in his capacity as serving Chairman
of the Committee of Experts of the
Page 25 / APPA Bulletin / December 2008
APPA, several sensitive issues were
addressed, notably the implementation of the projects included in the
Action Plan of the Association
2009/2010, in pursurance of the
VIIth Action Plan of the APPA
2008/2011.The main actions included in the plan focus on:
- The organization of the
Conference of Directeurs des
Instituts de Formation aux Métiers
du Pétrole /Directors of training
institutions in oil trade.
- The organization of the minth
Forum of National Companies of
Hydrocarbons of the APPA Member
Countries.
- The organization of a seminar for
the development of gas resources
and stocktaking of various ongoing
projects in this area.
- The harmonization of the
stratigraphic nomenclature of West
and North African sedimentary
basins.
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
NEWS FROM THE
ASSOCIATION
<
Substantial progress has been
recorded and many recommendations were made to finalize those
studies, so as to submit them to the
next Council of Ministers of the
APPA. The Committee also studied
the organization of the CAPE IV
scheduled to take place in 2010 in
Kinshasa, Democratic Republic of
Congo.
Issues relating to the setting-up of a
Steering Committee and a scientific
Committee , the recruitment of a
consultant for the material organiza-
tion of the CAPE IV and a lot of
other issues were also examined.
Concerning exchanges between
Member Countries as part of the
Cooperation Agreement, Gabon
“
Congo announced similar steps.
These included a visit to Gabon to
benefit by their experience in the
field of documentation and another
visit to Algeria within the
framework of training.
The
Committee
of
Experts expressed its
satisfaction at those
initiatives, which add to
the APPA's efforts to
build
cooperation
platforms between its
members and this allows
those countries to better
know
each
other.
The Committee
also
studied
the
organization of the
CAPE IV scheduled to
take place in 2010 in
Kinshasa
“
<
- The preparation and organization
of CAPE IV.
- The continuation of the putting into
operation of the APPA Data Bank.
- The promotion of International
Cooperation.
- The improvement in the system
and internal and external
information tools of the APPA
Secretariat.
Within
the
framework of the implementation of
the Action Plan 2008-2009, some
countries made a status report on the
studies they were commissionned
with. These included:
- Comparative study of oil contracts
- Study of African Oil and Oil
Products Market
- Harmonization of the Stratigraphic
Nomenclature of West-African
Sedimentary Basins.
informed the Committee of its
working visit to Angola to exchange
experiences in the field of legislation
and oil contracts. It was pleased
about the fruitful results it got and
urged African countries to further
promote such type of bilateral
exchanges which contribute to the
achievement
of
cooperation
objectives advocated by the APPA.
The Committee of Experts
expressed its satisfaction at those
initiatives, which add to the APPA's
efforts to build cooperation
platforms between its Members.
At the closure of the
meeting, the Committee
of Experts expressed its
profound gratitude to the Congolese
Authorities for the warm hospitality
extended to all delegations and to all
those involved in the success of the
work.
Mr Jean-Pierre Goma, Chairman of
the Committee of Experts in turn
thanked the delegates for their
cooperation and for the quality of
their contributions to the proceedings.
A gala dinner was offered in honour
of the delegations.
Opening Ceremony Family photo
Page 26 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
A
meeting was held at the
headquarters of APPA
Secretariat in Brazzaville,
between the APPA Fund for
Technical Cooperation and APPA
Secretariat, on 28 August 2008. The
meeting examined the possible
financing by APPA Fund of some
actions included in APPA's seventh
Action Programme, which runs
from 2008 to 2011.
A large-scale project for the capacity-building of Member Countries
for negotiating contracts. In order to
appreciate such extent, people must
be made aware of downward trends
of hydrocarbon exploration opportunities at world level and soaring oil
prices, which induce industrialized
and emerging countries to turn
increasingly to Africa, still hitherto
under-explored.
In such circumstances, African
petroleum producing countries have
new concerns including the enhancement of the fiscal policy of oilmining in order to attract investors,
and this while safeguarding the
country's rights to maximize its oil
resources value or even the question
of the contract form of the host
government
and
regulatory
principles in order to ensure a safe
and environmentally friendly oil
mining.
“The comparative study oil contract
of APPA Member Countries can be a
Signing of a Memorandum a Agreement between APPA Fund and
APPA Secretariat.
powerful tool for the capacity-building for negociating oil contracts.”
The results of this study will enable
the Member Countries of APPA to
review their current legal, contractual and fiscal framework so as to
reinforce their oil and gas resources
control and maximize their oil
revenues.
In fact, the comparative study of oil
contracts of Member Countries of
APPA can be a powerful tool for the
capacitybuilding for negotiating oil
contracts.
“
The comparative study
oil contract of APPA
Member Countries can
be a powerful tool for the
capacity-building
for
negociating oil contracts
Page 27 / APPA Bulletin / December 2008
“
The studies proposed in respect thereto are those which will be hard for
APPA or a single Member Country
to finance, in view of their extent. In
order to carry out those studies, a
cofinancing with APPA Fund was
envisaged. We'll quote as an example the comparative study of standard oil contracts of APPA Member
Countries.
<
FROM THE
< NEWS ASSOCIATION
MEETING BETWEEN APPA
SECRETARIAT AND APPA FUND FOR
TECHNICAL COOPERATION
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
<
NEWS FROM THE
ASSOCIATION
<
The study on the harmonization of
the stratigraphic nomenclature of
West-African sedimentary basins
was also submitted for financing by
APPA Fund.
Within the framework of ongoing or
past geological and oil search work
conducted in various West-African
countries, the exchanged data are
hard to use in so much as each country worked out its own stratigraphic
nomenclature.
This study on the harmonization of
the stratigraphic nomenclature will
help solve the problem, which can
speed up the search for the discovery of new oil-bearing strata in the
West-African subregion.
Another study, by no means the
least, included in the APPA Action
Programme and which APPA Fund
proposes to finance is the study of
African Oil and Oil Products
Market. The impact of the promotion of cooperation in trade in crude
oil and oil products in Africa is
undeniable, at a time when the rise
in crude prices and consequently
that of finished products results in
the aggravation of the phenomenon
of populations' pauperization, a
source of social and economic tensions. The emergence of an African
oil market and the implementation
of mechanisms for the reduction in
African countries' oil bill are
primordial objectives of APPA.
APPA Fund admitted the scope of
those studies and the need for a
financial backing to carry them out.
ted to Council of Ministers at its
next meeting.Moreover APPA
Secretariat continues its search for
financing for other projects included
in the seventh APPA Programme of
Actions .
The respective financial estimates of
those studies should be determined
before the end of the current year.
APPA Secretariat and APPA Fund
agreed to work out a joint file on the
subject, so that it should be submit-
Page 28 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
THE APPA DATA BANK
After the elaboration of the technical
solution and the terms of reference,
a specialized company was selected
as technical partner for the implementation of the project. In January
2008, following a monumental
work, a first prototype was developed and taken delivery of by APPA
Secretariat after a demonstration by
the project manager.
After the deployment of the databank in a hosting site in Paris, a first
group of local managers took a training course in February 2008 in
Yaoundé, Cameroun. The training
course was organized under the
chairmanship of the Executive
Secretary and was attended by three
member Countries and APPA
Secretariat.
The Acting Main Administrator presented the finalized data bank at the
statutory meetings which were held
in late March 2008.
cation system at APPA Secretariat
and installation of the mirror server
and infrastrucure for the network
safety.
The Council of Ministers of March
2008 renewed the Acting Managing
Director's term of office with a view
to the implementation of the second
phase of the project, namely, the putting into operation of the Data Bank.
This includes:
- The modelling of the data bank so
as to incorporate the recommendations of the Council of Ministers.
- The launching of invitation for
applications for the position of Main
Administrator of the Data Bank.
- The development of the data replicating module and its installation on
the hosting server in Paris.
- The upgrading of the access passband to Internet at APPA Secretariat
with a view to the implementation of
data replication.
- The acquisition of equipment for
the implementation of the data repli-
- The training of local managers
Since July 2008, the data bank replication system has been operational.
It guarantees a synchronous copy at
the
headquarters
of
APPA
Secretariat of data in the host server
located in Paris. A training course
was provided with success in
Libreville, Gabon.
Page 29 / APPA Bulletin / December 2008
The next step will consist in feeding
the data from the various Members
Countries into the Bank.
<
I
ndeed, a contract was signed between APPA and an Acting Main
Administrator of the Data bank
on 15 November 2007 for the setting
up of APPA Data Bank.
< NEWS FROM THE
ASSOCIATION
The implementation process for an APPA Data Bank, an information sharing and
exchange platform between Member Countries was a major turning point over
the past twelve years.
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
<
NEWS FROM THE
ASSOCIATION
<
DEVELOPMENT OF THE
CONGOLESE BASIN
he congolese basin is one of
the two sedimentary basins
that the Republic of the
Congo has.
T
out with the purpose of obtaining a
structural image of the sedimentary
basin the depth of which is estimated
at 6,500m in the deepest part.
The basin is an integral part of the
strategy for the development of
national oil resources. It is located
between the Republic of the Congo
and the Democratic Republic of the
Congo (DRC) and covers on the
Congolese side about two-third of
the area of the national territory.
The results of the work already
carried out in this interior basin of
the Congolese basin show a convergence of favourable factors likely to
reveal the existence of oil potential.
Oil blocks of several square
kilometers are available and can be
acquired by oil operators who wish
so; in accordance with the legislation and procedure existing
in Congo.
Source: Ministry of Hydrocarbons.
In recent years, its importance kept
growing to such a point that several
geological work of aero-magnetogravimetric analysis, radar satellite
acquisition and geochemistry revealed the existence of six (6) subbasins and structural elements.
Some oil operators began prospecting work. Thus, a licence of 9,392
square kilometers called Ngoki was
granted to Pilatus Energy Congo
Company, which is breathing a new
exploration dynamics into the area
and should put in prominent position
the oil potential of the basin.
To this end, several geological campaigns have just been led by this
company and the synthesis of these
showed a few interest zones the
deepest of which, with repeated
hydrocarbon indicators, can be
interpreted as the main source of an
active expression of micro seepage
of hydrocarbons that immigrate at
the surface.
Indeed, 300 kilometers of 2D
seismic work will be soon carried
Bassin of “Cuvette Congolaise”
Page 30 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
OVERVIEW OF CHAD OIL SECTOR
<
NEWS FROM THE
ASSOCIATION
<
1. UPSTREAM OIL SETOR
T
he exploration and exploitation of oil resources are one
of the major policy priorities
for the Government of the Republic
of Chad.
The Chad territory is endowed with
several
sedimentary
basins
including:
- Basins of Erdis and Djado to the
north ;
- Basins of Lake Chad to the west ;
- Basins of Faya-Largeau to the
centre north ;
- Basins of Bongor and Madiago to
the south-west ;
- Basins of Doba and Doseo to the
south ;
- Basins of Salamat to the southeast.
The Ministry of Oil divided basins
into blocks (Please refer to the
map attached).
From the fifties to the present day,
the oil sector suffered discontinuous
exploration work owing to the
events the country went through.
At present, exploration continues in
the basins of Doba, Doseo, Bongor,
Madiago and Lake Chad.
The oil consortiums operating in
Chad include:
- Esso - Petronas - Chevron ;
(Exploration + Production)
- CNPCI (Exploration) ;
- OPIC Africa Chad Branch,
Tawainese National Petroleum
Company/Société
Nationale
Taiwanaise de Pétrole (Exploration).
The Consortium composed of Esso
Exploration and Production Chad
Inc. (40 %), Petronas Caligali
Incorporated (35 %) and Chevron
Petroleum Chad Ltd (25 %) exploits
the fields of Doba (Exploitation +
Production)
and
Doseo
(Exploitation).
China National Petroleum Company
International (CNPCI) is exploring
the fields of Bongor and Lake Chad.
Recently it made promising
discoveries in the field of Bongor
with indices of oil of very good
quality.
The Chad oil is explored with a
pipeline of 30 '' diameter, of a
capacity of 250,000 bal/d and
extensible to 500,000 bal/d and 1070
km long, linking Kome (Chad) to
the oil terminal of Kribi off the
Atlantic coast of Cameroon. Its total
construction costs stand at 2,107
billion US$.
TOTCO (Chad Oil Transportation
Company) and COTCO (Cameroon
Oil Transportation Company) are
two complementary companies in
order to build and exploit the
pipeline which runs across Chad
over 170 kilometres and Cameroon
over 900 kilometres.
The exploitation of the basin of
Doba started in July 2003. The
marketing properly speaking began
in October 2003. Initially, the
project should achieve a production
of 225,000 bal/d, but at present the
production has levelled off round
140,000 bal/d.
The exploration/production works
under a concession contract as
regards the basins of Doba and
Doseo with Esso Consortium.
Regarding the other basins, it is the
production sharing system which is
applied. In respect thereto, the
Société des Hydrocarbures du Tchad
(S.H.T)/Company of Hydrocarbons
of Chad was set up in August 2006
to take part directly in the oil
exploration activities, on its own or
in partnership with other oil
companies.
The object for which the S.H.T was
established is to implement the
industrial and commercial policy of
Chad in the field of hydrocarbons
through
the
protection, research, development,
production, transport and marketing
of hydrocarbons, both liquid and
gaseous upstream and refining,
transport, storage, distribution and
marketing
of
oil
products
downstream.
In Chad, the prospects for oil
exploration are promising and basic
infrastructure for oil exploitation
does exist. Therefore, the new Law
n° 006/PR/2007, relating to
hydrocarbons was enacted to define
the legal and fiscal regime of oil
activities as well as the institutional
framework governing oil activities
and the rights and obligations of the
parties.
II. OIL
TREAM
SECTOR
DOWNS-
Chad is one of the countries in the
sub-Saharan Africa where the
problem of supply of oil products is
crucial and this, for the following
reasons:
- The country is landlocked and
totally dependent on the outside,
which results in repeated shortages
and high costs of oil products
imports.
- Disruption of distribution, supply
and storage circuit, characterized by
a prevailing informal sector, which
was for a long time a source of
fraud.
- Absence of consistent policy in the
sector of distribution, supply and
storage.
Page 32 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
The successive conflicts that the
country went through destabilized
the informal sector which ignores
the basic safety regulations.
Nevertheless, there are a few
national and international companies which work in the formal sector
complying with the trade art,
international standards and the
regulations in force in the country.
On 20 September 2007, under the
auspices of H.E. IDRISS DEBY
ITNO, President of the Republic of
Chad and H.E. HU Jintao, President
of People's Republic of China, a
Contract for the Incorporation of a
Refinery Consortium was signed in
Pekin.
On 29 July 2008, a company
existing under the laws of Chad,
Known as Refining Company of
NDjamena/Société de Raffinage de
NDjamena S.A (S.R.N) was
incorporated between the Republic
of Chad and the People's Republic of
China represented by their
The object for which the Societé de
Raffinage de NDjamena S.A
(S.R.N) was established is to build
and to exploit the Refinery with an
initial capacity of crude oil treatment
of 20,000 barrels perd ay. This
capacity will progressively reach
60,000 barrels per day. The refinery
will use crude oil from the fields of
Sedigui north-west of NDjamena at
about 350 kilometres. Both fields
will be linked to the refinery by
pipelines.
The project for the construction of
the refinery includes four (4)
parts:
- The construction of the Refinery ;
- The construction of a Power
Station of a 40 MW capacity, 20 of
which for the Refinery's own
consumption and 20 sold to the State
on behalf of the Chad Water and
Electricity
Company/Société
Tchadienne d'Eau et d'Electricité
(STEE)
- The construction of a Distribution
Station ;
Page 33 / APPA Bulletin / December 2008
- The construction of a life camp
near the Refinery.
The refinery whose starting up is
scheduled to take place in late
2011 will put on the Chad market
the following oil products:
Liquefied petroleum gas (LPG)
Aviation kerosene (jet A1)
Paraffin oil
Petrol
Diesel oil
Fuel oil
Oils
Residues.
With the achievement of this project
for the construction of the Refinery
whose foundation stone was laid on
26 October 2008 by H.E. IDRISS
DEBY ITNO, President of the
Republic of Chad, the country
expects to solve the energy problem
and thus create the necessary
conditions for its economic
development.
Mr MAHAMAT GADAM
GADAYA
Economic Adviser to the Minister
of Oil, APPA National
Representative for Chad
<
Indeed, Chad imports its oil
products
from
neighbouring
countries, mainly from Cameroon,
Nigeria and sometimes from Libya
and Sudan.
respective National Companies,
namely : the Société des
Hydrocarbures du Chad (S.H.T.)
and China National Petroleum
Corporation International Company
(CNPCI). The Republic of Chad has
a 40 per cent holding in the company and the People's Republic of
China 60 per cent.
< NEWS FROM THE
ASSOCIATION
- Lack of material means and
administrative rigour in the implementation of legislative and
statutory texts.
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
(January-September, 2008)
Since the beginning of 2008, the world petroleum market has been through a period of high price volatility.
The prices climb by as much as US $40 a barrel, February through June, 2008 and later fall sharply by as
much as $50, July through September, 2008.
The first half of 2008 saw crude oil prices breach one barrier after another. They pushed past $100 a barrel
for the first time on Feb. 19, then $120 a barrel, and than $140 a barrel and beyond.
From July 4, 2008 to September, 2008 the price of crude oil has fallen by 35% due to the recent strengthening
of the dollar, the easing of geopolitical tensions and the sharpened expectations of a slowdown in world petroleum demand growth.
According to EIA, the crude oil price is expected to increase to $126 per barrel in 2009 due to the projected
stronger growth in world petroleum demand. Global oil consumption is projected to rise by about 970,000
bbl/d in the second half of 2008 and by 920,000 bbl/d in all of 2009.
<
STATISTICS
STATISTICS
<
OIL PRICES OF MAIN CRUDES IN APPA
MEMBER COUNTRIES
Page 34 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
Date
Algeria
Angola
Cameroon
(Month Average) (Saharan) (Cabinda) (Kole)
Egypt
(Suez)
Libya
(Es Sider)
Nigeria
Nigeria
(Bonny Light) (Forcados)
January
94.21
88.24
89.70
87.16
91.99
94.62
94.52
February
95.52
90.34
91.84
87.88
92.14
96.56
96.42
March
105.45
100.26
101.53
95.93
100.95
106.16
106.16
April
110.25
104.90
103.67
100.97
106.45
111.45
111.52
May
123.80
119.30
118.06
114.14
119.22
126.48
126.49
June
133.14
128.07
128.09
123.60
128.73
136.79
136.84
July
138
132.59
136.07
129.21
134.68
141.26
141.37
August
117.05
111.26
111.85
111.00
115.78
118.74
118.89
September
101.16
96.81
96.14
95.80
100.48
103.79
104.21
Source of Data
Energy Information Administration (EIA), world oil prices
Page 35 / APPA Bulletin / December 2008
<
(January-September 2008) Spot Price (FOB)(US$)
< STATISTICS
STATISTICS
OIL PRICES OF MAIN CRUDES IN APPA
MEMBER COUNTRIES
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
WORLD CRUDE OIL RESERVES
<
STATISTICS
STATISTICS
September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA
<
Source of image: ENI
World Crude Oil Reserves
World proven oil reserves have been increasing in recent years by 50% as the exploration drilling programs
in many regions in the world are stepping up.
Source: EIA
World Proved Oil Reserves
Billion barrel
1988
1998
2008
North America
82.7
67.4
211.2
S. & Cent. America
65.7
86.2
109.9
Europe & Eurasia
83.2
77.2
113.2
Middle East
564.7
677.0
748.3
Africa
55.2
70.1
114.8
Asia Pacific
37.8
42.3
34.3
World
889.3
1020.1
1331.7
Africa had together 114.8 billion barrels of proven oil reserves (as of January, 2008), constitutes 8.6% of total
world proven oil reserves. The share of the world proven oil reserves has been increasing in recent years as
Africa's major oil and gas producing provinces according to world energy experts will continue to attract
huge exploration investments and yield larger-than-average discoveries.
Page 36 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
Source: EIA
1988
1998
2008
Algeria
8.5
9.2
12.2
Angola
1.1
5.4
9.0
Benin
0.1
0.0
0.0
Cameroon
0.5
0.4
0.2
Chad
NA
NA
1.5
Congo
0.7
1.5
1.6
RDC
0.1
0.2
0.2
Cote d'Ivoire
0.1
0.1
0.1
Egypt
4.3
3.8
3.7
Equatorial Guinea
NA
0.0
1.1
Gabon
0.6
2.5
2.0
Libya
21.0
29.5
41.5
Nigeria
16.0
16.8
36.2
South Africa
NA
0.0
0.0
Billion Barrel
In the year 2008, Libya is the largest proven oil reserves holder in Africa with (41.5 billion barrels), followed
by Nigeria (36.2 billion barrels), Algeria (12.2 billion barrels), Angola (9.0 billion barrels), and Egypt (3.7
billion barrels).
Page 37 / APPA Bulletin / December 2008
<
Billion barrel
< STATISTICS
STATISTICS
Proved Oil Reserves of APPA Member Countries
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
WORLD CRUDE OIL PRODUCTIONS
<
<
STATISTICS
STATISTICS
September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA
Source of image: ENI
World Crude Oil Production, 2007
Source of Data: BP
World Crude Oil Production
Million barrels daily
2005
2006
2007
North America
13.70
13.73
13.67
S. & Cent. America
6.70
6.87
6.63
Europe & Eurasia
17.54
17.60
17.84
Middle East
25.40
25.60
25.18
Africa
9.85
9.99
10.32
Asia Pacific
7.88
7.88
7.91
World
81.07
81.67
81.55
Africa produced in total 10.32 million barrels per day (bbl/d) of crude oil in 2007, constitutes 12.7 % of world
crude oil production. Africa's crude oil production has been increasing, by 25% since 1997. According to the
EIA forecasts crude oil production capacity could increase in coming years as most of APPA Member
Countries are planning to increase investments in exploration and development efforts.
Page 38 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
Source of Data: BP
2005
2006
2007
North America
16.90
16.81
16.76
S. & Cent. America
8.26
8.41
8.13
Europe & Eurasia
21.64
21.55
21.88
Middle East
31.33
31.35
30.88
Africa
12.15
12.23
12.65
Asia Pacific
9.72
9.65
9.70
World
100%
100%
100%
Nigeria produced 1.86 million barrels per day (bbl/d) in 2Q of 2008, down from 2.46 million barrels per day
(bbl/d) at the end of 2005. The reason of decline was the unrest in Niger Delta. The unrest had cut oil
production by around a fifth and allowing Angola to surpass Nigeria as Africa's biggest oil exporter.
Million Barrel
Angola produced 1.9 million barrels of oil per day in 2Q of 2008 and is expected to produce 2 million barrels
of oil per day by the end of this year.
Thousand Barrel
Crude Oil Production of APPA Member Countries
Page 39 / APPA Bulletin / December 2008
<
(%)
< STATISTICS
STATISTICS
Crude Oil Production Share by Region
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
WORLD NATURAL GAS RESERVES
<
September, 2008 Technical & Commercial Cooperation Unit Technical Division APPA
<
STATISTICS
STATISTICS
Source: ENI
World Natural Gas Reserves, 2004
World proven natural gas reserves have been increasing in last 20 years by 63%.
Source: EIA
World Natural Gas Reserves
Billion Cubic Meter
1988
1998
2008
North America
10.13
8.29
7.92
S. & Cent. America
4.20
6.22
7.33
Europe & Eurasia
47.53
60.86
61.23
Middle East
30.35
48.33
71.37
Africa
6.96
9.76
13.71
Asia Pacific
7.15
8.98
11.63
World
106.32
142.42
173.19
Africa had 13.71 billion cubic meters (bcm) of proven natural gas reserves (as of January, 2008), constitutes
7.9% of total world proven natural gas reserves. Nigeria and Algeria are among the world top 10 gas
reserves holders.
Page 40 / APPA Bulletin / December 2008
ASSOCIATION DES PRODUCTEURS DE PETROLE AFRICAINS / AFRICAN PETROLEUM PRODUCER'S ASSOCIATION
1988
1998
2008
Algeria
2.97
3.66
4.45
Angola
0.05
.05
0.27
Benin
NA
0
0
Cameroon
0.10
0.11
0.13
Chad
NA
NA
NA
Congo
0.07
0.09
0.09
RDC
0
0
0
Cote d'Ivoire
0.10
0.03
0.03
Egypt
0.29
0.77
1.64
Equatorial Guinea
NA
0.04
0.04
Gabon
0.02
0.03
0.03
Libya
0.72
1.30
1.40
Nigeria
2.35
3.22
5.15
South Africa
0.03
0.02
NA
In the year 2008, Nigeria is the largest proven natural gas reserves holder in Africa with (5.15 billion cubic
meters), followed by Algeria (4.45 billion cubic meters), Egypt (1.64 billion cubic meters), and Libya (1.4
billion cubic meters).
Page 41 / APPA Bulletin / December 2008
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(Billion Cubic Meter)
< STATISTICS
STATISTICS
Proved Natural Gas Reserves of APPA Member Countries
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