Skip to main content EnerCom The Oil and Gas Conference 2015 – Petrobras Investor Presentation | Shale Experts
Loading...
Pm

EnerCom The Oil and Gas Conference 2015 – Petrobras

Petrobras · Aug 18, 2015 · 32 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. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 1
    Petrobras Update __ August, 2015
  2. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 2
    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…
  3. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 3
    Principal Maritime Basins Under Production Cango Pero UO-ES Camarupim 6 production platforms ESGolfinho Canapu 349 kbpd Vitria Carap MG Parque das Baleias UO-RIO 11 production platforms 853 kbpd Albacora Roncador Garoupa…
  4. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 4
    Evolution of Domestic Oil Production A long history of implementation of offshore projects in Brazil Onshore Phase Shallow Water Phase Deep and Ultra-deep Water Phase 2.5 1H15 2,130 kbpd 2.0 Plataforms MM bbl/d 1.5 118…
  5. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 5
    A Company of 2.8 million boe/d Quarterly product to remain stable during remainder of the year Oil and Gas Production (kboe/d) 2013: 2014: 2015: +5.1% +4.3% 2,540 mboe/d 2,670 mboe/d 2,784 mboe/d +6.4% -1% 2,746 2,800 2,803…
  6. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 6
    Evolution of Proven Reserves in Brazil ANP/SPE Criteria Onshore Phase Shallow Water Phase Deep and Ultra-deep Water Phase Sapinho 2014 18 Bi boe Lula e Cernambi 16.183 16 bi boe Pq. das Baleias, Mexilho 14 Reserve/ 12…
  7. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 7
    Pre-salt Update
  8. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 8
    WHAT IS PRE-SALT Large reservoirs of oil and natural gas Located between 5,000 and 7,000 meters below sea level and 300 km from the coast Water depths that can exceed 2,000 meters from the water line Under a layer of salt that is…
  9. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 9
    The Pre-salt Province has 37 million acres 3847 billion boe already discovered* in only 31% of its total area PARQUE DAS BALEIAS Concession (9.4 million acres) TRACAJ Repsol- Queiro PBR BG Galp Sinope z Barra MARLIM LESTE…
  10. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 10
    Main Results - Pre-salt Production Capacity 12 Production Units + 2 EWTs 42 Production Wells (April/15) FPSO Cid. Paraty FPSO Cid. Anchieta 5 production wells 5 production wells FPSO Capixaba 2 production wells P-20 1…
  11. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 11
    Pre-salt has unmatched results The high productivity leads to lower average production costs Lifting Cost 2014 (US/bbl) Pre-salt Evolution Production Reserves* (bi boe) 14.97 14.57 10 1000 9.9 Daily production record April 11,…
  12. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 12
    Pre-Salt Drilling Activity: 154 Wells Drilled in Santos Basin Pre-Salt Improvement in well construction reduced total drilling time from 310 to 137 days (56%) Wells Drilled in Santos Basin Pre-Salt Drilling* 200 Exploration…
  13. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 13
    Latest Pre-salt Projects On Stream 14
  14. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 14
    FPSO Cidade de Itagua Iracema Norte (2H15) Santos pre-salt unit also being completed in Brazil and on schedule for production this year Sail away by 2H2015 1st oil: 2H2015 150 kppd oil 8 MM m/d gas 8p + 9i wells 15
  15. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 15
    The Pre-salt And The World Energy Demand Growth All the strategies and efforts pursued Current projects average return so far gave Petrobras strong competitive advantages related to costs reduction and productivity improvement.…
  16. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 16
    Business and Management Plan 2015-2019
  17. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 17
    2015-2019 Business and Management Plan Targets DELEVERAGE Capital discipline Strengthening of performance management GENERATE VALUE FOR SHAREHOLDERS Focus on profitability 18
  18. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 18
    Deleverage Targets Net Leverage below 40% By 2018 Net Debt / EBITDA below 3.0x Net Leverage below 35% By 2020 Net Debt / EBITDA below 2.5x 19
  19. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 19
    Financial Planning Assumptions Oil Product Prices Import parity in Brazil Brent Prices US 60/bbl in 2015 Preo do Brent (Average) US 70/bbl in the 2016-2019 period Nominal Exchange Rate 2015 2016 2017-2019 2020 (Average)…
  20. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 20
    Divestments and Restructurings Divestments revised to US 15.1 billion 2015-2016 from US 13.7 billion US 42.6 billion as follows: Businesses restructurings 2017-2018 Demobilization of assets Additional divestments 21
  21. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 21
    Investments Selectivity of projects in the portfolio Prioritization of oil production projects in Brazil, E&P focusing on the pre-salt Downstream, G&P Maintenance of Operations and Other Areas 22
  22. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 22
    Investments Reduction of 37% relative to 2014-2018 BMP 2015-2019 Business and Management Plan Segments US Billion % Exploration and Production* 108.6 83 Downstream** 12.8 10 Gas and Power 6.3 5 Other Areas 2.6 2…
  23. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 23
    Oil and NGL Production in Brazil Comparison with 2014-2018 BMP Million bpd 4.2 2.5 2.8 2.4 2.1 2.1 2.2 2.0 2014 2015 2016 2017 2018 2019 2020 2015-2019 BMP 2014-2018 BMP 24
  24. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 24
    Production Units Start-up Schedule BZIOS 2 FPSO ToR BZIOS 4 FPSO ToR LULA SUL Million bpd Replicant FPSO REVITALIZATION OF MARLIM 1 LULA ALTO BZIOS 1 (1H) FPSO ToR BERBIGO / SURURU LIBRA PILOT LULA NORTE Replicant FPSO…
  25. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 25
    Deleverage Projection Including productivity gains and divestments/restructurings in 2017 and 2018 Net Leverage Net Debt / EBITDA 60% 5. 5.0 0 50% 4. 4.0 50.8% 0 3. 3.0 3.33 40% 0 2. 2.0 30% 0 2.03 32.2% 1. 1.0 0…
  26. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 26
    Finance
  27. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 27
    Downstream Balance: Oil and Oil Products Balance Evolution (kbpd) (kbpd) Exports Imports Balance 862 447 621 496 291 336 344 166 415 330 170 152 53 - 281 - 178 -27 -125 -222 -225 - 245 -417 -390 -526 -633…
  28. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 28
    EBITDA Price increases contributed to higher cash flow, but additional adjustments still needed Adjusted EBITDA Adjusted EBITDA Breakdown per Segment * 29.4 27.6 3.2 25.0 1.6 2.0 3.5 1.6 1.5 US Billion 2.3 0.9 0.5…
  29. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 29
    CAPEX Exploration & Production and Downstream Exploration & Production Downstream 30 30 28 25 24 25 22 20 20 20 US Billion US Billion 16 15 15 15 14 10 10 10 8 5 5 1 0 0 2011 2012 2013 2014 1H15 2011 2012…
  30. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 30
    2015 Cash Flow US Billion 26 -22 13 -12 -10 * 13 * * -28 -16 12 2 26 11 * 2* 20 -12 * 3 3 0.2 * 2015 Initial Operating Interests, Investments Divestments Rollovers Funding Needs 2015 Final Cash Position Cash Flow…
  31. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 31
    Indebtedness Indebtedness Indebtedness (R Billion) 06/30/2015 12/31/2014 Short-term Debt 44,7 31.6 Long-term Debt 370.9 319.5 Total Indebtedness 415.5 351.0 (-) Cash and Cash Equivalents 91.6 68.9 = Net Debt 324.0…
  32. EnerCom The Oil and Gas Conference 2015 – Petrobras – slide 32
    Financial Ratios - Indebtedness 8.0 60% 52% 51% 7.0 48% 50% 43% 40% 6.0 40% 5.0 30% 5.0 4.8 4.8 4.6 4.0 20% 4.1 3.0 10% 2.0 0% 2Q14 3Q14 4Q14 1Q15 2Q15 Net Debt / LTM Adjusted EBITDA Net Debt / EBITDA 1) As of…

From the store

Browse maps, data & reports in the Shale Experts store