Construction Reports

GCC Oil & Gas Industry Overview - April 2010

Title: GCC Oil & Gas Industry Overview - April 2010
Published on: 04-01-2011 Price: $500.00

Leading the global hydrocarbon industry with the proven supplies to last for severaldecades, the Oil and Natural Gas Industry in GCC countries of Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain is predominantly dominated by its sheer ability to regulate the global market with its much cherished resource “Oil” and off late “Natural Gas”. The hydrocarbon sector in GCC is quite a robust, highly promising industry forming the backbone of economic growth for over decades now despite the Governments’ ardent effort to diversify to achieve a balance. This volatile sector that had faced mild turbulence in the recent years owing to the Global economic slug is all set to unleash its complete potential in the coming years to cater to the gradual economic recovery. An approximate $400 bn worth of investments in the Gas and Oil sector are being planned and executed in GCC.

The gradually growing trend of natural gas being used as the alternative energy source to combat the volatility surrounding oil is witnessing a gradual growth in the GCC economy. Although not on par, growth in the natural gas sector is gradually picking up as a close second to the Oil sector in most GCC countries. Supported by the global focus on clean fuels, natural gas is settling in a niche slot as a secondary option to oil. GCC members are talking part in this shift to natural gas by heavily investing in gas exploration and production activities. Also there is growing prominence for the usage of renewable energy across the GCCcountries as they are in a bid to counteract the rising pressures resulting from high fuel costs and dependence on a single energy source.

On the back of years of tracking both upstream and downstream development, and maintenance projects in the Oil and Gas sector, the team at Ventures Middle East aims to explore the dynamics surrounding the GCC Oil and Gas market in this study. The study in particular provides a regional perspective on the size and value of Oil and Gas sector covering the vital statistics on the production, consumption and reserves of Oil besides conducting a comparative analysis of economical growth contribution by the oil and gas sector. The study also provides a strategic assessment of the competitive landscape of Oil sector besides comparing the growth patterns in the gas and oil sector across all countries in GCC in addition to providing a trend analysis of oil pricing.

This study provides a comprehensive understanding the entire market dynamics of the Oil and Gas sector to assist players interested in assessing the market opportunities in this robust and dynamic market. To order a copy of the study please

Table of contents:


1.1Competitive landscape of GCC Oil and Gas Sector

1.2Supplier Power

1.3Global economic slug puts a break

1.4Maturing Oil and Gas fields

1.5Entry Barriers


1.7Buyer power

1.8Industry Rivalry

GCC Oil Upstream sector


Major Field Developments in Progress

Redevelopment of Awali Onshore Oil Field

Offshore Field Development 17

Khuff Gas Production and Distribution Expansion



Discovery at Al Ghubar and Qarn Alam

Explorations at Dafiq West and Anbar

Major Field Developments in Progress



Major Field Developments in Progress

Barzan North Field Development

Al Shaheen Oil Field Development Project

Focus on GTL Projects



Focus on Exploring non-associated gas and light sweet crude

Exhaustion of Larger Oil Fields

Major Field Developments in Progress

Kingdom of Saudi Arabia

Focus on Gas amidst of Soaring Gas Demand

KSA announces 12 mmcfd gas find in the northern Jalamid area

Spotlight on Emerging Economies

Major Field Developments in Progress



Abu Dhabi


Northern Emirates

Abu Dhabi Plans to expand oil production capacity to 3.6 million b/d

Dubai’s oil discovery to prop up growth

Major Field Developments in Progress


GCC Downstream Sector

Expansion in rapidly developing Asian market


Refining Sector

Oman's methanol output to double in April 2010


Refining Sector

The inauguration of Laffan Refinery will be a milestone for Qatar

Delay in the Construction of Al-Shaheen Oil Refinery

Expansion Plans


Redevelopment of the Refinery in Bahrain



Refining Sector in Kuwait

Clean Fuels Project

Plans for the construction of the country’s 4th refinery

Saudi Arabia

Saudi Targeting Export Markets

Refining Sector

Major Refinery Projects in KSA

Major Petrochemical Projects in KSA



UAE at the forefront to pioneer GCC petrochemical sector

Refining Sector

ENOC’s new refinery unit to start in May 2010

Abu Dhabi to double refinery capacity by 2013

Refinery in Fujairah

Chemaweyaat - Tacaamol Petrochemical Complex

GCC Hydrocarbon Sector Market Size and Forecasts

Construction Projects Awarded For Oil & Gas Construction in GCC (2008 -2013)

Saudi Arabia






Construction Spend on Oil & gas Construction Projects in GCC (2008 -2013)

Saudi Arabia






Analysis of Oil Industry growth vis-à-vis Economic growth across countries in GCC

Analysis of Natural Gas Industry growth vis-à-vis Economic growth across countries in GCC

Oil Prices

GCC boosts investments in gas development and exploration



Code of Ethics

Ventures MENA Projects Database

List of Figures

Figure 1: World Liquid Fuels Consumption

Figure 2: 5 Major Forces Impacting GCC Oil & Gas Sector

Figure 3: Awali Oil Field

Figure 9: Oman Oil & Gas Production

Figure 10: Qatar Natural Gas Supply vs. Demand

Figure 11: Bahrain - Oil Production vs. Consumption

Figure 12: Bahrain - Natural Gas Production vs. Consumption

Figure 13: Kuwait Oil Production vs. Consumption

Figure 14: Saudi Oil Production vs. Consumption

Figure 15: UAE Oil Production vs. Consumption

Figure 16: GCC Oil & Gas Contractor Awards

Figure 17: GCC Oil & Gas Contractor Awards Split by Country

Figure 18: GCC Oil & Gas Construction Spend in 2009

Figure 19: GCC Oil & Gas Construction Spend

Figure 20: GCC Oil Production & Consumption (2009)

Figure 21: GCC Natural Gas Production & Consumption (2009)

Figure 22: Oil Growth vs. Economic Growth

Figure 23: Natural Gas Growth vs. Economic Growth

Figure 24: Yearly OPEC Basket Price

Figure 25: Monthly OPEC Basket Price

List of Tables

Table 1: GCC Sovereign Ratings

Table 2: Upstream Projects in Bahrain

Table 3: Upstream Projects in Oman

Table 4: Upstream Projects in Saudi Arabia

Table 5: Upstream Oil & Gas Projects in UAE

Table 6: GCC Refining Capacity

Table 7: Major Downstream Projects in Oman

Table 8: Major Refinery Projects in KSA

Table 9: Major Petrochemical Projects in KSA

Back to reports

Searching for a customized report that is tailored to your business?

Ventures Middle East's Advisory Services Division provides you with in-depth strategic consulting services including:


and much more.. Contact us now