Jose Orlando Azevedo PETROBRAS AMERICA PRESIDENT May, 2009
Disclosure & Important Notice The presentation may contain forecasts about future events. Such forecasts merely reflect the expectations of the Company's management. Such terms as anticipate, believe, expect, forecast, intend, plan,…
Medium/Long-term Oil Market Outlook Remains Very Strong GLOBAL OIL DEMAND SCENARIOS mm b/d 140 120 EIA/DOE High Demand Scenario IEA Reference Scenario 100 Global demand scenarios 80 EIA/DOE Low Demand Scenario 60…
Dominant Position in a Large and Growing Emerging Market 2007 Total Oil Consumption by Country (mmboed) 20.7 8 7.9 6 5.1 Brazil is worlds ninth largest oil consumer 4 2.7 2.7 2.4 2.4 2.3 2.2 2.2 2.0 1.9 1.7 1.7 1.6 2 0 Total…
High-potential Portfolio in One of the Worlds Most Exciting Provinces Kashagan Sakhalin II Sakhalin I Kurmangaz Thunder Shah i Azadegan Horse Deniz Khurais Anaran Roncador Marlim Albacora Agbami Akpo Iara Jupiter Dalia…
Competitive Advantage in the Deepwater Petrobras operates 22% of global deepwater production 2008 Gross Global Operated Deepwater Production (mboe/d) REL HES MUR 1% 1% 2% BG APC 4% PBR 5% 22% CVX 6% TOT 8% XOM 14%…
Petrobras as a Leader Operator of Floating Production Systems FPS Operators All Contracted Vessels (252 Vessels Total) 0 20 40 60 80 100 120 Petrobras 45 Shell 15 StatoilHydro 15 ExxonMobil 13 BP 12 Chevron 12 Anadarko 10…
Petrobras Production Water Depth Records 8,250 8
US Gulf of Mexico Cascade and Chinook Project Disconnectable Buoy Deepest installation of an FPU in the world (8,250 ft) First FPSO in the US Highest Reservoir Pressure (20kpsi) ever produced 9
Pursuing New Projects While Maximizing Production from Existing Assets Petrobras Total Production (M boed) 5,729 223 409 7.5% p.y. 1,177 3,655 5.6% p.y. 131 2,757 210 2,400 8.8% p.y. 634 2,223 2,305 2,308 103 2,042 2,027…
Pre Salt Province Total area of the Province: 112,000 km2 Area not under concession: 71,000 km2 (62%) Area under concession: 41,000 km2 (38%) Area with Petrobras interest: 35,000 km2 (31%) Whales Park in as B s po am C…
Santos Basin Pre-salt Blocks Consortium Wells Drilled BMS-8 BR (66%), SH (20%) e PTG (14%) BMS-9 BR (45%), BG (30%) e RPS (25%) BMS-10 BR (65%), BG (25%) e PAX (10%) BMS-11 BR (65%), BG (25%) e PTG (10%) BMS-21 BR (80%), PTG (20%)…
Esprito Santo Pre-salt Infrastructure in-place to an UTG Cacimbas Linhares P-34 at Jubarte field, first pre-salt oS Rio Doc e Cango Pero production: excellent results, prod. up to MG UPGN Lagoa Parda 18 k b/d rit p 24…
Record of Accelerating Development Production (b/d) 54 years 16 years 22 years 27 years 45 years 12 years Number of years Production since founding of PetrobrasDiscovery of Garoupa in the Discovery of giant…
Petrobras Strong Portfolio Beyond Pre-salt Main discoveries in the Post-salt region* Date Block/Field Well Consortium Nov-2008 BM-J-3 1-BRSA-669-BAS BR (60%), STATOIL (40%) Jequitinhonha Sep-2008 BM-S-40/Sidon 1-BRSA-658-SPS BR…
Main Challenges for the Oil Industry in Brazil CHALLENGES Infrastructure Improvement including Dry Docks Critical Equipment Supply Drilling Equipment Brasfels Shipyard in Angra dos Reis. P51 and P56 Dynamic Positioning and…
Optimizing Costs Planning More details less risk Planning Optimizing Costs Design Simplicity Design Standardization (i.e. 8 identical Contracting Pre-salt FPSOs) Equipment specification based on industry-standards…
Opportunities for New Players New Vessels Delivery Plan Critical Resources 2009 to 2013 2013 to 2015 2016 to 2020 Large Vessels (1) 44 5 0 Supply and Special Vessel 92 50 53 Production Platforms (2) 15 8 22 Others (Jack-ups and…
Opportunities for New Players Items Un. TOTAL Items Un. TOTAL Wet Christmas Tree un 500 Pumps un 8.000 Well Head un 500 Compressors un 700 Flexible Lines km 4.000 Winch un 450 Manifolds un 30 Crane un 200 Producing pipes t 42.000…
Opportunities for New Players Total Investments:INVESTMENTS IN LOGISTICS US 3.7 billion between 2009-2013; PIPELINES AND TERMINALS Main Projects: Storage extension in Santos and Paranagu ports; Increase in effluents treatment in So…
Vertically Integrated System to Capture Synergies within the Value Chain Upstream Operations Downstream Operations Existing Pipelines Refineries Petrobras Waterway Terminal Other Companies In Land Terminal As Petrobras…
Production Increase Followed by Increase in Domestic Oil Products Market RNE 230 M UPB Premium I Others 150 M (600 M bpd) e bpd Premium II (300 M REPLAN 2011 bpd bpd) Revamp Dec/2012 33 M bpd 1st Phase: 2013 Fuel Oil REPAR 2nd…
OPPORTUNITIES FOR NEW PLAYERS Gas & Energy 1st investment cycle (until 2010) Diversifying Supply and Integrating the network + 2,332 km of gas pipelines until 2010 + 19 new power plants + 1,236 MW until 2010 2nd investment…
Growing Options in Biofuels and Low-carbon Technologies Petrobras Biodiesel Plants STRATEGY: To establish a global presence in Quixad the biofuels segment, with a particular focus on biodiesel and ethanol CE Participate in…
Prominp - Human Resources Demand 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 120.000 100.000 80.000 60.000 174,000 40.000 43,000 Business Plan 2009 2013 20.000 69,000 Qualified Personnel Business Plan…
Prominp - Human Resources Demand 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 120.000 120.000 Business Plan 2008 2012 28 Drilling Rigs 100.000 100.000 146 Supply Boats New Stationary Production Units PROMEF II 80.000…
Funding for the Next Two Years Resolved Funding for 2009 completed, with remaining needs for 2010 to be met via traditional sources and cost reductions 2009 2010 Needs Needs US 18.10 bn US 18.9 bn Sources Sources BNDES: US…
2020 Vision: To be One of the Worlds Five Largest Publicly Traded Oil Producers Production 30,000 Target: 2020 25,000 Reserves (mm boe) Production XOM 20,000 Target: 2013 BP Production Target: 2009 15,000 PBR 10,000…
Conclusions There are huge opportunities for already installed and newcomers in Brazilian market of suppliers, service and engineering companies due to the scale provide by project portfolio. Petrobras has a robust project…
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