"Algeria Oil & Gas Report Q3 2014" now available at Fast Market Research

Despite Algeria's substantial hydrocarbons reserves, rapid production decline in the country's major producing fields weighs on its longer-term production outlook. Whilst new projects due online in the coming years will offer temporary support to production growth, we grow increasingly bearish towards the end of our 10-year forecas t period. The high prospectives of Algeria's unconventional and offshore acreage could see this trend reversed, but a poor above-ground environment continues to drag on international investment.

The key trends and developments in Algeria's oil and gas sector are :

* In January 2014, Algeria launched its tenth licensing round, with a total of 31 blocks up for tender. Of these, 17 are in the south of the country, five in the north and nine in the centre. This will be the country's first licensing round since reform of the hydrocarbon law in January 2013, and the attack on the In Amenas gas facility. We anticipate the recent tax reforms and vast below-ground potential will help draw interest in the round, but see fiscal incentives counteracted by a weighty bureaucracy, high level state involvement, regulatory uncertainty and ongoing regional instability.
* This quarter, the Algerian government has given formal approval for shale gas exploration in the country, and is openly seeking foreign partners for help in development. However, whilst several industry majors have expressed interest in the country's unconventional potential, we do not see unconventional resources materially impact our production forecasts within our 10-year forecast period.
* Terrorist attacks, in particular at BP's In Amenas gas plant, have created security concerns for investors. However, improvements to security protocols made in recent months could see a normalisation of operations within the coming quarters.
* We forecast that total oil production will rise only slightly, from estimated 1.8mn barrels per day (b/d) in 2013 to 1.9mn b/d in 2017 as...

Full Report Details at
- http://www.fastmr.com/prod/837667_algeria_oil_gas_report_q3_2014.aspx?afid=302

The Algeria Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Algeria including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Algeria Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Algerian oil and gas industry.

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