PEMEX: Integrated Oil & Gas Company Upstream Downstream Midstream Sales 8th Crude oil producer1 16th Refining Strategic 4th largest oil exporter company worldwide1 Infrastructure to the USA Total hydrocarbon 6 refineries in…
PEMEXs Reserves PEMEX holds a vast majority of Mexicos hydrocarbon reserves MMMboe (billion barrels of oil equivalent) Prospective Reserves1 Resources2 Oil and Gas Basin Gas 1P 2P 3P Non Conv. (90%) (50%) (10%) Conv.…
Achievements (1/2) 1. For the second year in a row, annual crude oil production target was met: 1 1,948 Mbd 2. Successful implementation of new ventures: 2 Joint venture with Air Liquide for hydrogen supply at the Tula refinery…
Achievements (2/2) 3. Discovery of the largest onshore 3 reservoir in the last 15 years: Ixachi 3P Reserves of approximately 366 MMboe 4. Uninterrupted fuel supply despite 4 2017 hurricanes and earthquakes 5. Natural gas use…
2017 Financial Performance Decrease in net indebtedness by 69% compared to 2016 due to cash flow stability Net Indebtedness MXN billion Net indebtedness for 2017 was lower 223.4 231.6 than budgetary financial deficit 250 194.8 200…
Current Status and Challenges PEMEX continues to be a key player in the O&G industry Production has been stabilized and will eventually increase. 2017s production averaged 2,700 Mboed Mbd MXN Bn Hydrocarbon Production 4,500 350…
Upstream: Business Plan With profitability as its ultimate goal, the Business Plan projects increased production and investment through different types of JVs and farm-outs Business Plan Scenario Improved Scenario Focused on…
Upstream: Competitive Production Cost Exploitation strategies focused on shallow waters have allowed PEMEX to maintain very competitive production costs Lower production costs provide greater flexibility, especially under lower crude…
Upstream: New Production Frontiers New complex frontiers to be explored through associations: investment and risk sharing + technology and know-how exchange Mexico has significant shale resources endowment Deepwater Infrastructure1…
PEMEXs Results in CNHs Rounds Investment and risk sharing have proven to be highly successful for PEMEX and its partners PEMEX has efficiently prioritized its profitability goals and has leveraged its deep knowledge and expertise in…
Farm-outs at a Glance Crdenas- Nobilis- Areas Trion Ogarrio Ayn-Batsil 7 clusters Mora Maximino Deutsche Partner BHP Billiton Cheiron Will be part of a new bidding process Erdoel AG 3P Reserves 485 93 54 1,4281 4661 392…
Migrations at a Glance Santuario San Ramn- Areas Ek-Balam Misin Olmos & El Golpe Blasillo Migration without Production Production Type of Project EPISC1 EPISC1 a partner Sharing Contract Sharing Contract Tecpetrol & Partner N.A.…
PEMEX leads in CNHs Rounds PEMEX was awarded 14 contracts in the nine Mexican1 rounds; 11 as part of a consortium, and 3 by itself PEMEX has made alliances with 7 international oil and gas companies from 7 countries PEMEX 9 5 14…
Midstream: Storage and Distribution 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…
Midstream & Downstream: Upcoming Developments The Mexican fuels market is moving towards an open, competitive and market-driven price structure; the entire country liberalized fuel prices on November 30, 2017 Open Season: Pemex…
Midstream & Downstream: Business Plan The midstream and downstream sectors have been affected by underinvestment, impacting petroleum products output Pemex Industrial Transformation Pemex Logistics Partnerships in operation of…
Operating Income Operating income reflects asset impairments Operating Income Operating Income without Impairment MXN billion MXN billion 727.6 753.2 750 750 615.5 638.1 600 550 424.4 450 350 323.6 300 256.2 150 104.7 150…
Stable Cash Flows In 2017, PEMEXs cash flow generations operating capacity had a solid and stable performance, which led to a 72% growth in EBITDA EBITDA EBITDA/Total Sales MXN billion 500 46.7 50 40% 46.7 50 43.1 43.1 Mexican…
Access to Financial Markets February 2017 Issuance of EUR 4.25 billion in three tranches: - EUR 1.75 billion at 2.50% due in August 2021 - EUR 1.25 billion at 3.75% due in February 2024 - EUR 1.25 billion at 4.87% due in February…
Diversified Debt Structure PEMEXs portfolio strategy has prioritized the development of new sources of financing to diversify its investor base and currencies By Currency By Currency By Interest Rate By Instrument Exposure 2% 3%…
Credit Rating Agencies Recognize PEMEXs Strategic Importance for Mexican Economy 2017 PEMEX annual rating revisions highlight: Strong linkage to Expectation of Mexican Key energy Stable finances improved Government & supplier…
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 PEMEXs 2017 highlights Reached annual crude oil production target for the second year in a row Budgetary financial balance goal met (MXN -94 billion) Decreased net indebtedness: MXN 72 billion Sound financial footing…
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