Oil & Gas Upstream Market

Romania Oil & Gas Upstream Market

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Aamir

Author:

Aamir Ansari

Vineet

Fact-checked by:

Vineet Pandey

Swapnil

Editor:

Swapnil Hedau

The Romania oil & gas upstream market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rise in the consumption of natural gas.

Romania Oil & Gas Upstream Market Summary

Romania is Central and Eastern Europe's largest natural gas producer, with the majority of its output coming from onshore resources, and it is expected to dominate the market over the projection period. The market for oil and gas upstream in Romania has recently been driven by Romania's continuous oil and gas output. Romania is largely self-sufficient in natural gas, with imports averaging under 10-15% in recent years, and the country's Black Sea resources have the potential to transform it into a net exporter. In 2018, yearly consumption reached 10.9 megatonnes. As a result, in 2018, domestic production accounted for 33% of demand. Romania has a century of natural gas producing experience. New technology allows for unconventional drilling, which boosts oil and gas output. New business models and services are fast emergings, aiding in the reduction of upstream oil and gas operating costs, therefore encouraging market development.

Market Trends, Drivers, Restraints, and Opportunities

  • Expansion of Romania's oil and gas upstream sector are contemporary advances in oil and gas exploration and production operations.
  • Fluctuating oil prices and government regulations are likely to stifle market expansion.

Scope of the Report

The report on the Romania oil & gas upstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Romania Oil & Gas Upstream Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Location (Onshore and Offshore)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

OMV Petrom SA, SGS SA, Exxon Mobil Corporation, Romgaz SA, and Foraj Sonde SA Videle

Market Segment Insights

Onshore segment is projected to account for a major market share

In terms of location, the Romania oil & gas upstream market is segregated into onshore and offshore. The onshore segment is expected to account for a key share of the market during the forecast period due to massive support from the government. Within Romania's Black Sea territorial seas, the Romanian government has issued a public tender for the exploration, development, and production of 22 onshore and six offshore blocks. Onshore oil and gas deposits number over 400, the majority of which are tiny and fragmented, necessitating the employment of specialist technology. The country with the most active wells in Europe is Romania.

Romania Oil & Gas Upstream Market Location

The majority of Romania's oil comes from Black Sea platforms. Romania's oil reserves are held by the Romanian government. Concession agreements between economic agents and the National Agency for Mineral Resources, which are issued as a result of public auctions, are used for exploration and production.

Segments

Segments Covered in the Report

The Romania oil & gas upstream market has been segmented on the basis of

Location

  • Onshore
  • Offshore

Key Players

  • OMV Petrom SA
  • SGS SA
  • Exxon Mobil Corporation
  • Romgaz SA
  • Foraj Sonde SA Videle

Competitive Landscape

Key players competing in the Romania oil & gas upstream market include OMV Petrom SA, SGS SA, Exxon Mobil Corporation, Romgaz SA, and Foraj Sonde SA Videle.

Romania Oil & Gas Upstream Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & 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 & 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 & Gas Market - Supply Chain
  4.5. Global Oil & Gas Market Forecast
     4.5.1. Oil & Gas Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil & Gas Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil & Gas Market Absolute $ Opportunity
5. Global Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
6. North America Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
7. Latin America Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
8. Europe Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
9. Asia Pacific Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil & 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 & 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 & Gas Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Oil & Gas Market: Market Share Analysis
  11.2. Oil & Gas Distributors and Customers
  11.3. Oil & Gas Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. OMV Petrom SA
     11.4.2. SGS SA
     11.4.3. Exxon Mobil Corporation
     11.4.4. Romgaz SA
     11.4.5. Foraj Sonde SA Videle

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