Skip to main content THE ENERCOM OIL GAS CONFERENCE – Petrobras Investor Presentation | Shale Experts
Loading...
Pm

THE ENERCOM OIL GAS CONFERENCE – Petrobras

Petrobras · Aug 19, 2014 · 38 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 1
    PETROBRAS __
  2. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 2
    PETROBRAS TODAY Fully integrated across the hydrocarbon chain Exploration and Downstream Distribution Gas and Power International Biofuels Production 12 refineries (Brazil) 7,710 service stations 9,190 km of gas pipelines in 17…
  3. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 3
    COMPETITIVE ADVANTAGES Uniquely positioned to integrate upstream and downstream operations Exploration & Production Leader in deep-water production, with access to abundant oil reserves New exploratory frontier, adjacent to…
  4. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 4
    OWNERSHIP* Broad distribution: government, Brazilian and foreign shareholders NonVoting Shares Voting Shares Social Capital 27.92% 28.51% 36% 19.43% 36.29% 45.25% 48% 63.60% 16.27% 7.83% 7.89% 11.99% 26.83% 11.52% 4.5%…
  5. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 5
    Exploration & Production
  6. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 6
    HISTORICAL FPSO INSTALLATION Production grows when capacity of new production units exceeds decline of approximately 10% p.a. 2006-2010 2011-2015 Petrobras installed, on average, 5 platforms per year from 2006 to 2010, 2011/12:…
  7. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 7
    PETROBRAS: OIL AND NGL PRODUCTION IN BRAZIL New units are now contributing to an accelerating ramp up - especially total operated production Th. bpd 2013: 1,931 th. bpd 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 Average 1,910 Average 1,931 Average…
  8. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 8
    OIL AND NGL PRODUCTION IN BRAZIL 2014 PROJECTION Production target of 7.5 ( 1 p.p.) maintained, as year end production offsets lower first half production 2013 Average: 1,931 th. bpd 2014 Average: 2.075 th. bpd +/- 1% Th bpd 1Q13 2Q13…
  9. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 9
    LONG TERM PRODUCTION TARGETS Targets based on new production capacity that is either ramping up, under construction, or under bidding NE de Tupi 3 MM bbl (P-72)-150kbpd Deep Water ES Iara NW Espadarte III (P-71) 150kbpd Deep Water…
  10. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 10
    PLANNED DEVELOPMENT WELLS - 2014 Connecting wells already completed will accelerate production ramp-up during 2014 New Production Wells in 2014 (Jun/14) New Injection Wells in 2014 (Jun/14) 63 63 27 55 24 21 27 3…
  11. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 11
    PreSalt Update
  12. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 12
    PRE-SALT PROVINCE A huge area with much exploration still to occur Average Water Depth: 2,100 m MG 13% Distance from the coast: 300 km Consortium without Petrobras Salt thickness: 2 km Reservoir average depth: 5 km Remaining…
  13. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 13
    PRE-SALT CURRENT PRODUCTION UNITS Production from dedicated units in the Santos Basin and existing units in the Campos Basin 14 14
  14. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 14
    OIL PRODUCTION IN THE PRE-SALT Daily Record of 546 th. bpd on July/13 with 25 wells P-58 High productivity of Pre-salt wells contributed to lower lifting costs (LF) for these projects. Mar 17 2014 Lula field has a lifting cost of US…
  15. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 15
    WELLS CONSTRUCTION IN SANTOS PRE-SALT TOTAL DURATION Learning curve bringing down days to drill and complete wells, reducing development costs DRILLING COMPLETION (including WCT) 168 158 125 -11% p.a. -15% p.a. 102 98 98…
  16. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 16
    FPSO CIDADE DE ILHABELA SAPINHOA NORTE (START-UP 3Q14) Next Santos pre-salt unit on schedule with topsides fabrication and integration in Brazil Sail away by Jul/2014 1st oil: 2H 2014 150 kbpd oil 6 MM m/d gas 8p + 7i wells…
  17. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 17
    FPSO CIDADE DE MANGARATIBA IRACEMA SUL (4Q14) Santos pre-salt unit also being completed in Brazil and on schedule for production this year Sail away by Aug/2014 1st oil: 2H 2014 150 kppd oil 8 MM m/d gas 8p + 7i wells 18 18
  18. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 18
    P-66 PROGRESS AT THE RIO GRANDE SHIPYARD First hull completed, second hull being finalized 1 3 3 Rio Grande Shipyard ERG1 RS (april/14) (1) P-66 final hull construction activities at quay 1st hull for Pre-Salt fully…
  19. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 19
    Additional Acreage in the PreSalt
  20. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 20
    ACCUMULATED ACTIVITY IN THE SANTOS BASIN PRE-SALT Accumulated drilling and testing de-risked the areas, defining Transfer of Rights and related acreage Contracted Volume Tested wells or Drilled wells or in CO2 content in Field /…
  21. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 21
    LIBRA: FIRST PRODUCTION SHARING BID ROUND Bid round established the basis for the economics to negotiate Surplus Volumes Transfer of Rights 40% 20% 20% 10% 10% Unique Characteristics L4 L1 L8 Very thick Pre-salt reservoirs L5 L3…
  22. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 22
    SURPLUS VOLUME TRANSFER OF RIGHTS AREAS (SVToR): POTENTIAL 9.8 -15.2 BILLION BOE Minimum exploratory program of ToR has confirmed additional volumes in the areas Additional Volumes to the Transfer of Rights Contract from Areas 9.8 to…
  23. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 23
    SVToR IMPACT ON INVESTMENT AND PRODUCTION Additional investments to produce from SVtoR areas only from 2019, assuming first oil in 2021 9 Units Completed Production Units Planned in the Business Plan and Petrobras Strategic Plan (1st…
  24. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 24
    SVToR IMPACT ON FUTURE PETROBRAS INVESTMENT SPENDING Reducing investments in the other segments while increasing investments in E&P in Brazil Petrobras ex-E&P investments in Brazil in the 2014-2018 BMP / 2030 Strategic Plan US…
  25. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 25
    Downstream
  26. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 26
    OPERATION PERFORMANCE IN BRAZIL DOWNSTREAM Refining throughput, product output and sales, and costs Oil Products Output in Brazil (kbpd) Oil Products Sale in Brazil (kbpd) +1,3% -0,6% 2,124 2,152 2,350 2,422 2,407 1,997 809 824…
  27. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 27
    Oil Products Output Record in Brazil: 12 Refineries New HDTs and conversion units, logistics and process optimization lead to higher output Paulnia Refinery REPLAN Capacity: 415 th. bpd +228 th. Bpd Th. bpd +12% 2,200 2,172…
  28. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 28
    TRADE BALANCE Rapid demand growth in the last 5 years has led to a shift in the trade balance 1200 Diesel Sales - Brazil 700 Gasoline Sales - Brazil 984 570 590 610 1000 937 973 600 880 489 809 500 740 Thousand bbl/d Thousand…
  29. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 29
    DOMESTIC AND INTERNATIONAL PRICE COMPARISON Differential has continued despite price increases, due to higher oil price, weaker local currency Average Brazil Price* x Average USGC Price** 4Q10 2011 2012 2013 1H14 280 Imported…
  30. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 30
    EBITDA Price increases contributed to higher cash flow, but additional adjustments still needed Adjusted EBITDA (US bn)* Adjusted EBITDA Breakdown per Segment (US bn)** 37,3 33,7 3,0 1,3 3,2 29,4 3,6 2,0 1,6 27,6 3,5 1,5 2,1…
  31. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 31
    BusinessPlan/ Finance
  32. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 32
    CAPEX EVOLUTION IN BUSINESS AND MANAGEMENT PLANS Total planned investments declining, E&P share increasing in each of last five Plans Investment US 224.0 Billion US 224.7 Billion US 236.5 Billion US 236.7 Billion US 220.6 Billion…
  33. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 33
    BUSINESS AND MANAGEMENT PLAN 2014-2018 Breakdown of total spending by projects under implementation, bidding process, and evaluation Production Portfolio of Projects Development Under Implementation + Under Bidding Process Portfolio…
  34. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 34
    CAPEX E&P and Downstream declining year over year, due to lack of bid round bonus, completing downstream projects Exploration & Production Downstream US Million US Million 30.000 18.000 16.000 25.000 14.000 20.000 12.000…
  35. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 35
    2014-2018 BUSINESS AND MANAGEMENT PLAN: BASE CASE FOR LEVERAGE USD 206.8 investment, FX R 2.23 in 2014, R 1.92 in the long term 50% Leverage Petrobras Gross and Net Debt 40% 30% US billion 140 20% 120 10% 0% 100 2014 2015 2016…
  36. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 36
    Financial Ratios Indebtedness R Billion 03/31/14 06/30/14 Total debt stable Short-term Debt 21.8 23.5 Long-term Debt 286.3 284.2 Decrease of cash and cash equivalents due to yearly dividend Total Debt 308.1 307.7 payment and…
  37. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 37
    Dividend Policy Petrobras policy is to pay a minimum of 25% of adjusted net income to each class of shares Petrobras By-Laws Consistent with Brazilian Corporate Law According to Brazilian Corporate Law, companies with two classes of…
  38. THE ENERCOM OIL GAS CONFERENCE – Petrobras – slide 38
    Thank you, __ Information: Investor Relations +55 21 3224-1510 investorspetrobras.com

From the store

Browse maps, data & reports in the Shale Experts store