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 the right to exploit approximately 90% of Mexicos hydrocarbon proved reserves MMMboe (billion barrels of oil equivalent) Prospective Reserves1 Resources2 Oil and Gas Basin Gas 1P 2P 3P Non Conv. (90%)…
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 new ventures: 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 4 Uninterrupted fuel supply despite 4. hurricanes and earthquakes 2017 5. 5 Natural gas use increase from 91% to 96% 6…
Key Highlights 2Q18 Crude oil production averaged 1,866 Mbd Natural gas use increased from 95.9% to 96.7% Total sales increased by 36%, mainly due to the recovery of crude oil prices MXN 23.3 billion impairment reversal…
Current Status and Challenges PEMEX continues to be a key player in the O&G industry 2017s production averaged 2,700 Mboed Mbd MXN Bn Hydrocarbon Production 4,500 350 4,000 300 3,500 250 3,000 -42% 200 2,500 2,000 150 1,500…
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 assignments…
Competitive Production Cost Exploitation strategies focused on shallow waters have allowed PEMEX to maintain very competitive production costs in upstream Production Costs1 10.9 9.4 (USD / boe) 3.2 7.8 2.7 2.3 7.9 8.2 6.7 7.7…
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 Shale…
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 the…
Farm-outs at a Glance Crdenas- Nobilis- Areas Trion Ogarrio 7 clusters Ayn-Batsil Mora Maximino BHP Deutsche Will be part of a new Partner Cheiron1 TBD Billiton Erdoel bidding process 3P Reserves2 (MMboe) 0 71 43 405 1,4283…
Migrations at a Glance Santuario Areas Ek-Balam1 Misin Olmos bano & El Golpe Production- Production- Production- Production-sharing Type of Project sharing EPISC3 sharing Contract sharing Contract Contract Contract Tecpetrol &…
PEMEX leads in CNHs Rounds Was awarded 14 contracts in the nine Mexican1 rounds; 11 as part of a consortium, and 3 by itself Has made alliances with 7 international oil and gas companies from 7 countries PEMEX 9 5 14 JAGUAR 11…
Business Plan The midstream and downstream strategies aim at increasing investment through the tools provided by the Energy Reform to positively impact petroleum products output Pemex Industrial Transformation Pemex Logistics…
Domestic Sales Performance During 2017 gasolines and diesel revenues increased 32% and 53%, respectively Domestic Sales Revenues Domestic Sales Distribution MXN billion 2017 877 1% 3% 900 4% 8% 800 746 224 700 670 6% 228 600 197…
Optimize supply and maximize uptake of commercial margins Strategies Strengthening customer service culture and improving client support Developing a value offer by customer and product type Maximizing participation in…
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 Pipelines in the…
New Logistics Opportunities 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 Logistics is offering…
2017 Financial Performance Decrease in net indebtedness by 69% as compared to 2016 due to cash flow stability Net Indebtedness Net indebtedness for 2017 was MXN billion lower than budgetary financial 223.4 231.6 deficit 250 194.8…
Operating Income Operating income reflects asset impairments under IFRS Operating Income Operating Income without Impairment MXN billion MXN billion 950 900 753.2 727.6 750 750 638.1 615.5 600 550 424.4 450 323.6 350 300 256.2…
Stable Cash Flows In 2017 PEMEXs cash flow generation recorded a solid and stable performance, resulting in a 56% growth in EBITDA EBITDA EBITDA/Total Sales MXN billion 500 46.7 50 40% 46.7 50 43.1 43.1 Mexican Crude Oil Mix…
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 1% 2%…
Credit Rating Agencies Recognize PEMEXs Strategic Importance for Mexican Economy 2017 PEMEX annual rating revisions highlight: Strong linkage Expectation of to Mexican Key energy Stable finances improved Government & supplier…
Final Remarks PEMEXs 2017 highlights Annual crude oil production target was achieved for the second year in a row Budgetary financial balance goal was met (MXN -94 billion) Decreased net indebtedness: MXN 72 billion Sound financial…
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