Investor Presentation A New Context & Broader Potential April 2014
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 2
A New & Attractive Environment The Energy Reform bill including changes and addendums to the Mexican Constitution was promulgated on December 20, 20131 Type of Compensation Contract PEMEX and PEMEX will be operators will be…
What Comes Next The Ministry of Energy will prioritize PEMEXs 90 days Round Zero requests for exploratory blocks and producing fields 03/21/2014 and define its dimensions The Ministry of Energy 180 days Round Zero will resolve…
Pemexs Request Under the Round Zero Total prospective Conventional 2P Reserves 3P Reserves resources resources MMMboe MMMboe MMMboe Unconventional 100% = 24.8 100% = 43.8 resources 112.8 34.5 25.6 78.3 52.6 8.9 17% 29% 27 83%…
Distribution of Roles Define exploration and exploitation areas; as well as the type of contract awarded (licenses, production sharing, profit sharing, or a combination of the previous) Award assignments, including Round Zero…
What Challenges Will PEMEX Face Transport, storage Exploration & Processing of and distribution of Production Hydrocarbons hydrocarbons (Upstream) (Downstream) (Midstream) PEMEX will compete along the entire value chain…
Benefits & Opportunities New New Industry Business Scheme Environment State Productive Transfer of technology and Operational and Enterprise know-how efficiency metrics Management and Collaboration with Decision-making budgetary…
Positive Remarks on Mexico and PEMEX Standard & Poors. December 19, 2013. The passage of a landmark energy reform, supported by some changes in the fiscal framework, bolsters Mexico's growth prospects and fiscal flexibility in the…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 10
A Snapshot Exploration and Downstream International Production Crude oil production: 2,522 Refining capacity: 1,690 Mbd Crude oil exports: 1,189 Mbd1 Mbd1 Strategically positioned 3rd largest oil exporter to the Natural gas…
Content A New PEMEX Financials and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 12
Stable Production and Improving RRR1 Stable Crude Oil Production (Mbd) Growing Natural Gas Production3 (Bcf) 3,500 7.00 3,000 6.00 5.92 2,5012 2,500 5.00 Non-associated Onshore 2,000 4.00 1,500 3.00 Off-shore 1,000 2.00 500 1.00…
Top Tier Player in Shallow Waters CAYO ARCAS KU-MALOOB-ZAAP CANTARELL ABKATUN-POL-CHUC Competitive Advantages 87% of 1P reserves are located in the Southeastern basins Competitive cost structure (Production cost US 6.84…
Mexicos Next Production Frontiers Deep Water PEMEX has made important footsteps in Mexicos next production frontiers PEMEX has acquired significant information from deep and ultra-deep water oil fields in the Gulf of Mexico:…
Mexicos Next Production Frontiers - Shale PEMEX has made important footsteps in Mexicos next Bakken Bakken Bakken production frontiers Antrim Antrim Antrim Marcellus Eagle Ford and Woodford Niobrara Niobrara Niobrara…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 17
Downstream and Midstream Production Capacity Producer Zone Refining Refinery Atmospheric distillation capacity Petrochemical Center 1,690 Mbd Gas Processing Camargo Gas Processing Center Sour Nat Gas 4.5 Bcf Reynosa Sales Point…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 19
Profitability, Cash Generation & Debt Ratios Operating Income Income before Taxes and Duties USD billion 55% USD billion 55% 55% 50% 47% 49% 43% 43% 45% 43% 39% 41% 61.6 69.6 69.6 55.7 48.8 49.2 54.9 53.2 42.3 44.2 34.6…
A Diversified & Well-Distributed Debt Structure By Currency By Interest Rate By Instrument By Currency Exposure 1% 5% 1% 2% 1% 2% 16% 11% 2% 28.1% 19% 3% 19% 69% 71.9% 62% 80% 7% Int. Bonds Dollar Euros Cebures Fixed…
Content A New PEMEX Financial and Context in Upstream Downstream Takeaways Snapshot Investments Mexico 25
Takeaway Points The new context in the Mexican oil & gas sector opens important opportunities both for PEMEX and for new players. PEMEX will face competition along the entire value chain. PEMEX is strategically positioned and has…
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