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 (2/2) 1 PEMEX was awarded 4 blocks in CNHs 1. Round 2.4, and 7 blocks in Round 3.1 2. 2 Migration of onshore fields Misin, Olmos & bano 3. 3 Divestiture of stake in Petroqumica 2018 Mexicana de Vinilo 4. 4…
Achievements (2/2) 1. 1 Successful implementation of new ventures: Joint venture with Air Liquide for hydrogen supply at the Tula refinery Migration without a partner of the shallow water cluster Ek-Balam Associations with Deutsche…
Key Highlights 3Q18 1. Production: Total hydrocarbons 2,536 Mboed Liquid Hydrocarbons 1,850 Mbd Crude Oil 1,827 Mbd 2. Total sales increased by 33%, mainly due to the recovery of crude oil prices 3. Operating income totaled MXN 54…
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 Perdido Tampico Southeastern Perdido Perdido Cordilleras Cuenca Areas Fold Belt Misantla Basins Area Area Mexicanas Salina Block 3 Block 2 Block 8 Block 2 Block 5 Block 18 Block 22 Chevron & Deutsche Chevron &…
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 Operator / PEP Cheiron / BHP / 40% DEA / 50%…
Migrations at a Glance Santuario Areas Ek-Balam1 Misin bano & El Golpe Production- Production- Production- Production-sharing Type of Project sharing Contract sharing Contract sharing Contract Contract Tecpetrol & D&S Petroleum &…
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 900 877 1% 3% 4% 8% 800 746 224 700 670 6% 228 600 197 210…
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 for 2017 was lower Net Indebtedness than budgetary financial deficit MXN billion Financial balance…
Operating Income Operating income reflects asset impairments under IFRS Operating Income Operating Income without Impairment MXN billion MXN billion 950 900 753.2 727.6 750 750 638.1 615.5 600 550 424.4 450 323.6 350 281.3 300…
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 40% 70 600 70 61.8 61.8 60 Mexican Crude Oil Mix…
Access to Financial Markets October 2018: - Issuance of USD 2.0 billion, at 6.5% and due in January 2029 May 2018: - Issuance of CHF 365 million at 1.75% due in 2023 - Issuance of EUR 3.15 billion in four tranches and a liability…
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% 4%…
Credit Rating Agencies Recognize PEMEXs Strategic Importance for Mexican Economy PEMEXs annual rating revisions highlight: Strong linkage Expectation of to Mexican Key energy Stable finances improved Government & supplier…
Final Remarks Budgetary financial balance goal was met (MXN -94 billion) in 2017, and for 2018 it is expected to be improved by MXN 30 billion (MXN -49.4 billion) Decreased net indebtedness Strengthened EBITDA Sound financial footing…
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