Equatorial Guinea Oil and Gas Market Trends, Growth | 2031
Equatorial Guinea Oil and Gas Market Trends, Growth | 2031
Segments - Equatorial Guinea Oil and Gas Midstream Market by Transportation (Pipelines, Oil Tankers, LNG Vessels, Rail Transport, and Trucks), Storage (Terminals, Bulk Plants, Tank Farms, and Storage Tanks), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-2000
| 4.5 Rating
| 63 Reviews
| 193 Pages
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Report Description
The Equatorial Guinea oil and gas midstream market size is anticipated to expand at a CAGR of more than 0.44% during the forecast period, 2021–2028. The growth of the market is attributed to the factors such as discoveries of new oil fields and increasing gas production.
Crude oil can be defined as a mixture of relatively volatile hydrocarbons that are found in porous rocks of the earth's crust. Equatorial Guinea has been an important oil producer of Central Africa. The crude oil that is produced by Equatorial Guinea is mainly extracted from the Zafiro, Alba, and Ceiba. Midstream market of Equatorial Guinea includes activities such as processing, storing, transporting, and marketing of oil and natural gas.
The country's economy has improved because of the present-day increase in the extraction of petroleum. As a result of the drastic increase in oil production in recent times, Equatorial Guinea has managed to become the third-largest producer of crude oil in Africa. Equatorial Guinea has heavily invested in improving their oil and gas midstream infrastructure in past decade which has vastly benefitted their substantial growth in GDP. Equatorial Guinea’s GDP is among the highest in the world with an estimated GDP per capita of $50,240 which is second only to Luxembourg. On the basis of oil extraction, the country extracts more than 500,000 barrels of oil from its three main oil fields.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing gas production and discoveries on new oil fields is projected to drive the market expansion in the coming years.
- Rapid growth of the industrial and various end-user sectors, growing population, and various government initiatives to invest in the pipelines, storage, and processing are major factors pushing the market growth during the forecast period.
- Increasing fluctuations of oil prices and continuous fall in oil production in recent years is expected to hinder the market expansion in the coming years,
- Lack of investments from private players in the market and decreasing employment opportunities in the sector present major challenges that can hamper the market growth during the forecast period.
- The governments push towards encouraging investment in oil and gas midstream market with introduction of various initiatives and discovery of new oil fields is expected to create lucrative opportunities for the market players.
Scope of Oil and Gas Midstream Market Report
The report on the Equatorial Guinea market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Equatorial Guinea Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Transportation (Pipelines, Oil Tankers, LNG Vessels, Rail Transport, and Trucks), Storage (Terminals and Bulk Plants, Tank Farms, and Storage Tanks) |
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Geographic Zone |
Equatorial Guinea |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Equatorial Guinea of ??Petroleum, Marathon Oil Company, Saipem S.P.A., Sociedad Nacional de G.E., Maritime Developments Ltd. |
Equatorial Guinea Oil and Gas Midstream Market Segment Insights
Pipelines are projected to dominate the market
Based on transportation, the Equatorial Guinea oil and gas midstream market is segregated into pipelines, oil tankers, LNG vessels, rail transport, and trucks. The pipelines segment is projected to dominate the market during the forecast period. The segment growth is attributed to factors such as, reduced transportation costs, lower energy use, and larger volumes of oil and gas can be transported in comparison to other modes.
Transportation of oil and gas through pipelines is much more efficient and is an eco-friendly option which helps Equatorial Guinea to maintain their carbon footprints to optimal levels. Significant increase of oil and gas production by more than 5% year-on-year, from 6200 million cubic meter, in 2015 to more than 8500 million cubic meters, in 2020 is projected to spur the segment growth at a healthy CAGR during the forecast period.
Terminals and Bulk Plants to exhibit high CAGR
Based on storage, the Equatorial Guinea oil and gas midstream market is segmented into terminals and bulk plants, tank farms, and storage tanks. Terminals and bulk plants are projected to account for major market share and expand at a significant pace. Terminals are type of storage facilities which typically receives crude oil by pipelines or marine vessels. They can store large amounts of oil and further used to distribute to various end-users via pipelines.
In terms of storage terminals are efficient and cost effective in contrast to others, they can be owned and operated by oil companies, pipeline companies, independent terminal operators, and large or commercial consumers.
Segments
Transportation
- Pipelines
- Oil Tankers
- LNG Vessels
- Rail Transport
- Trucks
Storage
- Terminals and Bulk Plants
- Tank Farms
- Storage Tanks
Country
- Equatorial Guinea
Key Players
- Equatorial Guinea of Petroleum
- Marathon Oil Company
- Saipem S.P.A.
- Sociedad Nacional de G.E.
- Maritime Developments Ltd.
Competitive Landscape
Key players competing in the Equatorial Guinea oil and gas midstream market include Equatorial Guinea of Petroleum, Marathon Oil Company, Saipem S.P.A., Sociedad Nacional de G.E., and Maritime Developments Ltd.
Frequently Asked Questions
Government initiatives to encourage investment, discovery of new oil fields, and ongoing infrastructure development present lucrative opportunities for market players and investors.
Key players include Equatorial Guinea of Petroleum, Marathon Oil Company, Saipem S.P.A., Sociedad Nacional de G.E., and Maritime Developments Ltd.
Terminals and bulk plants are projected to account for a major market share and exhibit a high CAGR due to their efficiency and cost-effectiveness.
The sector has significantly improved the country’s economy, making Equatorial Guinea the third-largest oil producer in Africa and resulting in one of the highest GDP per capita figures globally.
Key challenges include fluctuating oil prices, declining oil production in recent years, lack of private investment, and decreasing employment opportunities in the sector.
Pipelines are expected to dominate due to reduced transportation costs, lower energy use, ability to transport larger volumes, and being a more eco-friendly option.
The market is segmented by transportation (pipelines, oil tankers, LNG vessels, rail transport, trucks) and storage (terminals and bulk plants, tank farms, storage tanks).
The main oil fields in Equatorial Guinea are Zafiro, Alba, and Ceiba.
Market growth is driven by discoveries of new oil fields, increasing gas production, rapid industrial growth, government investments in infrastructure, and rising demand from end-user sectors.
The Equatorial Guinea oil and gas midstream market is anticipated to expand at a CAGR of more than 0.44% during the forecast period, 2021–2028.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil and Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil and Gas Market - Supply Chain
4.5. Global Oil and Gas Market Forecast
4.5.1. Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil and Gas Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Oil and Gas Market Absolute $ Opportunity
5. Global Oil and Gas Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Oil and Gas Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Oil and Gas Demand Share Forecast, 2019-2026
6. North America Oil and Gas Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Oil and Gas Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Oil and Gas Demand Share Forecast, 2019-2026
7. Latin America Oil and Gas Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Oil and Gas Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Oil and Gas Demand Share Forecast, 2019-2026
8. Europe Oil and Gas Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Oil and Gas Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Oil and Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil and Gas Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Oil and Gas Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Oil and Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil and Gas Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Oil and Gas Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Oil and Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Oil and Gas Market: Market Share Analysis
11.2. Oil and Gas Distributors and Customers
11.3. Oil and Gas Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Equatorial Guinea of Petroleum
11.4.2. Marathon Oil Company
11.4.3. Saipem S.P.A.
11.4.4. Sociedad Nacional de G.E.
11.4.5. Maritime Developments Ltd.
Methodology
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