PEMEX: Integrated Oil & Gas Company Upstream Downstream Midstream Commercialization 8th Crude oil producer1 16th Refining Strategic 4th largest oil exporter company worldwide1 Infrastructure to the USA Crude oil production: 6…
PEMEXs Reserves PEMEX holds 95% of Mexicos hydrocarbon reserves MMMboe (billion barrels of oil equivalent) Prospective Oil and Gas Reserves1 Resources2 Gas Basin 1P 2P 3P Non Conv. (90%) (50%) (10%) Conv. Sabinas Burgos…
Operating Developments and Achievements (1/2) 1 1. For the second year in a row, annual crude oil production target was met - 1,948 Mbd 2 2. Successful implementation of the tools provided by the Energy Reform: Joint venture with…
Operating Developments and Achievements (2/2) 3 3. Discovery of the largest onshore reservoir in the last 15 years: Ixachi 3P Reserves of approximately 366 MMboe 2017 4. Uninterrupted fuel supply despite 4 hurricanes and…
2017 Financial Developments and Achievements Financial balance goal of MXN -94 billion was met As a part of the strategy presented in the Business Plan, PEMEX will develop cost efficient fields that are profitable for the firm. A…
Upstream: Current Status and Challenges PEMEX continues to be a key player in the O&G industry Production has been stabilized and will eventually increase Mbd Crude Oil Production MXN Bn 3,500 350 3,000 300 -42% 2,500 250 2,000…
Industry Cost Leader Exploitation strategies focused on shallow waters have allowed PEMEX to maintain very competitive production costs, as compared to most of its peers Lower production costs provide greater flexibility, especially…
Upstream: New Production Frontiers Underinvestment and limited access to know-how has restricted intensive exploitation of new complex frontiers Deepwater Infrastructure1 Shale Potential2 Lewis Energy Olmos 1 Source:…
Upstream: Business Plan With profitability as its ultimate goal, the Business Plan contemplates increased production and investment through different business schemes such as JVs and farm-outs to maintain and gradually increase the…
Upstream: PEMEXs Results in CNH Rounds PEMEX is developing projects through joint ventures and associations to share investments and risks, obtain technology, know-how and improvements within the upstream division PEMEX efficiently…
Upstream: Farm-outs at a Glance Crdenas- Nobilis- Areas Trion Ogarrio Ayn-Batsil 7 clusters Mora Maximino Cheiron Deutsche BHP Billiton Holdings Partner Erdoel AG Will be part of a new bidding process (Australia) Limited…
Upstream: PEMEXs Migrations at a Glance PEMEX is increasing its portfolio in an important deep water portion of the Gulf of Mexico 1. Trion is the first PEMEX farm- out in deep waters: BHP Billiton will invest up to USD 1.9 billion…
Midstream: Investment Opportunities Further gasoline storage capacity and pipelines are required in Mexico. The U.S. has 27 times more infrastructure to supply fuel and 45 times more storage terminals than Mexico Gasoline Storage Days…
Midstream & Downstream: Business Plan The midstream and downstream sectors have been affected due to underinvestment, impacting petroleum products output PEMEX Industrial Transformation PEMEX Logistics Partnerships in operation of…
Midstream & Downstream: Upcoming Developments The Mexican fuels market is moving towards an open, competitive and market-driven price structure; all the country has liberalized fuel prices since November 30, 2017 Open Season: Pemex…
Operating Income Resilience in operating income despite volatility in crude oil prices Operating Income and Mexican Crude Oil Mix Price 120 Mexican Crude Oil Mix Price2 100 60 Average: 73.0 USD/b 80 USD/b Operating…
Access to Financial Markets February 2017 EUR 4.25 billion in three tranches: - EUR 1.75 billion at 2.500% due in August 2021 - EUR 1.25 billion at 3.750% due in February 2024 - EUR 1.25 billion at 4.875% due in February 2028 July…
Diversified Debt Structure PEMEXs portfolio strategy has prioritized the development of new sources of financing to diversify its investor base and currencies To reduce external impacts, the company has chosen a hedging strategy that…
Credit Rating Agencies recognize PEMEXs strategic importance for Mexico 2017 PEMEX annual rating revisions highlight: Expectation of Strong linkage improved to Mexican Stable Key energy profitability Government & finances…
Markets respond positively to PEMEXs strategy PEMEXs efforts and business strategy have yielded tangible results, as shown in the spread between PEMEXs 10Y benchmark and U.S. Treasuries Spread PEMEX vs US Treasury 10Y (basis points)…
Final Remarks PEMEX has tackled short-term challenges with determination and today has stable finances Compliance with the financial balance target: MXN -94 billion Decreased net indebtedness: MXN 72 billion Renewed access to…
Loading...
