Skip to main content 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras Investor Presentation | Shale Experts
Loading...
Pm

2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras

Petrobras · Mar 19, 2013 · 52 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. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 1
    2013 2017 Business and Management Plan
  2. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 2
    2013 2017 Business and Management Plan Webcast March, 19th 2013
  3. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 3
    2013-2017 BMP: Maintenance of the Production Curve The same production targets from the 2012-16 BMP were kept. 2013 target is still 2% of 2.022 kbpd, due to maintenance and performance of new assets: production units and drilling…
  4. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 4
    2013-2017 BMP: Maintenance of the Production Curve The same production targets from the 2012-16 BMP were kept. 2013 target is still 2% of 2.022 kbpd, due to maintenance and performance of new assets: production units and drilling…
  5. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 5
    Investments and Physical and Financial Monitoring 2012: Alignment of Forecasts and Accomplishments: Physical Progress Tracking Financial Progress Investments in 2012 totaled R 84.1 Billion, which represents 101% of the projected in the…
  6. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 6
    Physical and Financial Performance: RNEST RNEST: Physical Monitoring Curve RNEST: Financial Monitoring Curve RNEST Construction 33 years after the last refinery (1980) Suape Industrial Complex (PE) Feb/13 Accumulated Physical…
  7. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 7
    Northeast Refinery (RNEST) Physical and Financial Monitoring of the Project: Planning Fullfilled RNEST: Physical Monitoring Curve 2012 Accomplished: 19.9% 2012-16 BMP: 19.7% Sep/12 Dec/12 dez/12 Mar/13 Jun/12 Dec/11 Mar/12…
  8. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 8
    Parity: Seeking convergence with International Prices 9 months: +21.9% in Diesel and +14.9% in Gasoline Seeking convergence with international prices. In the last 9 months: 4 Diesel price readjustments, totaling +21.9%, and 2 Gasoline…
  9. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 9
    Parity: Seeking convergence with International Prices 9 months: +21.9% in Diesel and +14.9% in Gasoline Seeking convergence with international prices. In the last 9 months: 4 Diesel price readjustments, totaling +21.9%, and 2 Gasoline…
  10. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 10
    Exploratory Success and Increase in Reserves More than 3 Discoveries per month between January/2012 and February/2013 53 discoveries in the last 14 months (Jan/12 Feb/13), from which 25 were offshore (15 in Pres-salt) Brazil…
  11. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 11
    Pre-Salt Production is a Reality Production reached 300 thousand barrels of oil per day in Feb/20/2013 Pre-Salt Production Data Technological Challenges Surmounted Oil Production reached 300 kbpd (of which 249 kbpd High Resolution…
  12. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 12
    Refining in Brazil: Oil Products Output Oil Products output increases every year and will continue to grow with the start-up of the new refineries. Successive records in oil processing have been broken. Oil Products Output in Brazil…
  13. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 13
    MWavg 4,000 2.000 4.000 6.000 8.000 10.000 12.000 6,000 10,000 12,000 2,000 8,000 00 01-Jan-10 21-Jan-10 10-Feb-10 02-Mar-10 22-Mar-10 11-Apr-10 01-May-10 21-May-10 Where Petrobras has a stake…
  14. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 14
    2013-17 Business and Management Plan Fundamentals PRIORITY CAPITAL PERFORMANCE DISCIPLINE Financiability Assumptions Management Priority for Investment Grade rating Guarantee the oil and maintenance focused on reaching…
  15. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 15
    2013-2017 BMP Investments: Approved by Petrobras Board of Directors in 03/15/13 2013-2017 Period US 236.7 Billion Financiability Assumptions Investment Grade Rating maintenance: 28% 27.4% Leverage lower than 35% (US 64.8 bi) E&P…
  16. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 16
    2013-2017 BMP Investments: Implementation x Evaluation Under Implementation Under Evaluation Total = All E&P projects in Brazil and projects of the remaining segments in phase IV + Projects for the remaining segments, excluding E&P,…
  17. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 17
    2013-2017 Business and Management Plan : Project Portfolio Management INVESTMENTS UNDER IMPLEMENTATION US 147.5 Billion US 43.2 Billion US 5.9 Billion US 3.2 Billion US 2.9 Billion US 1.1 Billion E&P Downstream Gas & Energy…
  18. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 18
    Programs to Support the 2013-2017 BMP 2013-2017 BMP US 236.7 Billion PROEF Program to Increase PROCOP PRC-Poo Operational Operating Costs Program to Efficiency Optimization Reduce Well Costs Program UO-BC UO-RIO…
  19. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 19
    INFRALOG: Optimization of the Investments through Integrated Management of Logistic Projects Decrease in investments were incorporated in the 2013-2017 BMP, totaling US 2.2 Billion. Additional opportunities to reduce up to US 2.8…
  20. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 20
    PROCOP: Optimization of the Operational Activities Increasing Productivity and Reducing Unit Costs Benefits will come gradually and will lead to a total economy of R 32 Billion by 2016. Initiatives Example Economy of R 32 Billion in 4…
  21. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 21
    Exploration & Production 2013-2017 Period US 147.5 Billion 16% (24.3) 73% (106.9) 11% (16.3) Production Development Exploration Infrastructure and Support 2222
  22. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 22
    E&P Investments 2013-2017 Period Exploration Production Development US 24.3 Billion US 106.9 Billion 6% 25% (1.4) (26.2) 24% 43% (5.8) 70% (46.4) (17.1) Post-Salt 32% Pre-Salt (34.3) Transfer of Rights Aside from…
  23. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 23
    2013-2017 BMP: Production Curve Maintained Production Curve in Brazil Oil and NGL Production NE de Tupi Lula Ext. Sul (P-72) (P-68) Lula Alto Iara NW Sapinho Pilots Lula Oeste Jpiter (P-71) Espadarte III (Cid. So Paulo) Lula…
  24. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 24
    2013-2017 BMP: Production Curve Maintained Production Curve in Brazil Oil and NGL Production NE de Tupi 2013 Lula Ext. Sul (P-72) (P-68) Iara NW Espadarte III Lula Alto Lula Oeste (P-71) Jpiter Sapinho Pilot Florim (P-69) Deep…
  25. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 25
    Sapinho Pilot Project: Operating since January 5th, 2013 FPSO Cidade de So Paulo: 120 kbpd Sapinho Pilot Project: Drilling, completion and interconnection of 13 wells to a chartered FPSO from Schahin/Modec with capacity to process120…
  26. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 26
    Bana Project: Operating since February 16th, 2013 FPSO Cidade de Itaja: 80 kbpd Bana Project: Drilling, completion and interconnection of 13 submarine well to chartered FPSO Cidade de Itaja, with capacity to process 80 kbpd of oil and 2…
  27. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 27
    Lula NE Pilot Project 1st Oil on May 28th, 2013 FPSO Cidade de Paraty: 120 kbpd Lula NE Pilot Project: Drilling, completion and interconnection of 14 wells to a FPSO chartered from QGOG/SBM with capacity to process 120 kbpd of oil and 5…
  28. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 28
    Papa-Terra Project: 1st Oil of P-63 on July 15th, 2013 FPSO P-63: 140 kbpd Papa-Terra Project: Drilling, completion and interconnection of 30 wells to P-61 TLWP (Tension Leg Wellhead Plataform) and P-63 (FPSO) with capacity to produce 140…
  29. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 29
    Roncador Project Module III - 1st Oil on September 30th, 2013 SS P-55: 180 kbpd Roncador Project Module III: Drilling, completion and interconnection of 17 wells to SS P-55 with capacity to process 180 kbpd of oil and 6 million m3/d of…
  30. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 30
    Parque das Baleias Project: 1st Oil on November 30th, 2013 FPSO P-58: 180 kbpd Parque das Baleias Project: Drilling, completion and interconnection of 24 wells to FPSO P-58, with a processing capacity of 180 kbpd of oil and 6 MM m/d of…
  31. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 31
    Papa-Terra Project: 1st Oil of P-61 on December 31st, 2013 TLWP P-61 Papa-Terra Project: Drilling, completion and interconnection of 30 wells to P-61 TLWP (Tension Leg Wellhead Plataform) and to P-63 (FPSO) with capacity to process 140…
  32. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 32
    2013-2017 BMP: Production Curve Maintained Production Curve in Brazil Oil and NGL Production NE de Tupi 2014 Lula Ext. Sul (P-72) (P-68) Iara NW Espadarte III Lula Alto Lula Oeste (P-71) Jpiter Sapinho Pilot Florim (P-69) Deep…
  33. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 33
    Roncador Project Module IV 1st Oil on March/2014 FPSO P-62: 180 kbpd Roncador Project Module IV: Drilling, completion and interconnection of 17 wells to FPSO P-62 with a processing capacity of 180 kbpd of oil and 6 MM m/d of gas. 34…
  34. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 34
    Sapinho Norte Project: 1st Oil on September/2014 FPSO Cidade de Ilhabela: 150 kbpd Sapinho Norte Project: Drilling, completion and interconnection of 15 wells to a production unit chartered from QGOG/SBM with processing capacity of 150…
  35. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 35
    Lula Project - Iracema Sul: 1st Oil on November/2014 FPSO Cidade de Mangaratiba: 150 kbpd Lula Project Iracema Sul Area: Drilling, Completion and interconnection of 15 wells to a FPSO charted from Schahin/Modec with processing capacity of…
  36. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 36
    2013-2017 BMP: 24 Contracted Units and 15 to Be Contracted between 2013-17 Production Curve in Brazil Oil and LGN Production NE de Tupi (P-72) (**) Lula Ext. Sul (P-68) (**) Iara NW (P-71) (**) Espadarte III Lula Alto (*) Lula…
  37. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 37
    Exploration Investments in Brazil Target: Keep R/P 12 Minimizing Dry-Well Risks Consolidation and delimitation of Pre-Salt and Transfer of Rights areas, besides Post-Salt Sergipe-Alagoas and Espirito Santo basins. Selective investments…
  38. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 38
    PROEF: Program Now Includes UO-RIO Accomplished PROEF Targets Operational Efficiency (%) HC/PAD Fields Assets UO-BC Assets UO-RIO 39
  39. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 39
    PRC-Poo: Program to Reduce Well Costs Well Construction is a Relevant Portion in Investments 236.7 Other Areas 89.2 147.5 16.3 Infra-structure and Support 24.3 Exploration Exploratory and Production E&P 147.5 Development Well…
  40. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 40
    PRC-Poo: Program to Reduce Well Costs Structure, Initiatives and Expected Gains The PRC-Poo corporate governance involves all E&P executive managers and big portion of technical and management structure of E&P, with quarterly…
  41. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 41
    Downstream Projects Under Implementation + Evaluation US 64.8 Billion 15% (9.7) 13% 51% (8.4) (33.3) 8% (5.4) 5% 6% (3.3) (4.0) 1% 1% (0.3) (0.4) Refining Capacity Expansion Fleet Expansion Operational Improvement…
  42. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 42
    Downstream Investments Projects Under Implementation US 43.2 billion 2013-2017 HIGHLIGHTS 21% (9.2) Refining capacity expansion on the Under 45% 11% (19.4) (4.9) Implementation Portfolio: RNEST (Pernambuco) 9% (3.7) and COMPERJ…
  43. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 43
    Northeast Refinery (RNEST): Start-up on November/14 Processing capacity: 230 kbpd 9 5 1 2 8 8 4 1 4 6 3 8 8 6 6 7 6 6 6 7 44 TOTAL PHYSICAL PROGRESS- Forecast: 70.3% / Accomplished: 70.6% RNEST…
  44. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 44
    Relevance of refining capacity expansion for the oil product market supply and demand balance Brazils oil product market in 2020 Demand for oil products in Brazil grows 4.2% p.a. between 2012 and 2020. Without Premium I, Premium II…
  45. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 45
    Gas & Energy Projects Under Implementation + Under Evaluation US 9.9 billlion 20% (2.0) 8% (0.8) 25% (2.5) 46% (4.6) Electric Energy LNG Network Gas-chemical plants 4646
  46. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 46
    Gas & Energy Investments Projects Under Implementation US 5.9 billion 32% (1.9) 6% 2013-2017 HIGHLIGHTS (0.3) 19% (1.1) Conversion of Natural Gas into fertilizers and other gas chemical products: UFN III at Trs 43% (2.6)…
  47. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 47
    Natural Gas Supply And Demand (Million m/d) 48
  48. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 48
    Financiability 4949
  49. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 49
    Financial Planning Assumptions Financing analysis only incorporates projects under implementation No equity issuance Investment grade maintenance Main assumptions for cash flow generation and investment levels 2013-17 BMP is based…
  50. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 50
    Operating Cash Flow and Funding Needs 246.9 246.9 9.9 10.7 Additional financing needs will be funded exclusively through 39.8 new debt. No equity issuance is envisaged. 61.3 Free cash flow, before dividends, after 2015. US…
  51. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 51
    Leverage Leverage Net Debt/EBITDA BMP Target (< 35%) BMP Target (< 2,5x) 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Declining leverage, within the Companys self-imposed limits Net Debt/EBITDA surpasses limit at some…
  52. 2013 2017 BUSINESS AND MANAGEMENT PLAN – Petrobras – slide 52
    The End 53

From the store

Browse maps, data & reports in the Shale Experts store