Forward-Looking Statement and Cautionary Note (2/3) Fiscal Regime Since January 1, 2006, PEMEX has been subject to a new fiscal regime. Pemex-Exploration and Productions (PEP) tax regime is governed by the Federal Duties Law, while…
Content Achievements Challenges Results 5
Achievements 2008 Business Operational Investment Reform Plan Program Program Stabilization of Production Diversified projects Increase Reserve Replacement Rate New Business Models Improved Exploitation Strategy at…
Production Aligned to Goals Mbd 2,500 2,550 2,560 2,607 2,578 2,567 2,552 2,572 2,558 2,525 2,547 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2012E 2010 2011 PEF 2010 PEF 2011 Significant operational efforts have been made…
Evolution of Crude Oil Production Mbd 2,500 Cantarell Actual CAGR1: 7.9% Forecast 2,000 1,500 Produccin w/o Cantarell 1,000 500 Today PEMEXs production depends on a greater number of producing assets. 0 1997 1999 2001…
Exploitation Investment Million Pesos 240,000 Cantarell vs. Other Projects 200,000 Other From 2006 to 2011, Projects Delta del Cantarell 160,000 Grijalva represented about AJB 21% of total 120,000 CLM exploitation ATG…
Sustained Increase of the Reserve Replacement Rate Reserves Replacement Rate 140% 128.7% 120% 102.1% 103.9% 107.6% 100% 101.1% The 100% 1P Reserve 80% 59.2% 59.7% 65.7% 56.9% 85.8% Replacement Rate 60% 71.8% 77.1% Goal was reached…
Reserves and Prospective Resources Total Reserves by Area Producing Basins Oil and Gas as of January 1, 2012 Gas MMMboe (billion barrels of oil equivalent) Basin 3P1 2P1 1P1 Burgos and Sabinas 0.8 0.6 0.4 Deep-waters 0.7 0.2 0.1…
Main Discoveries 2006-2011 3P Reserves (Million barrels of oil equivalent) Heavy oil Tsimin 1,137.9 Light oil Gas Xux 836.0 Kayab 756.4 Ayatsil 596.1 Main discoveries 2011 Pit 375.9 Kinbe Located in the Gulf of Mxico, 22 meters…
Improved Exploitation Strategy at ATG/Chicontepec Field Laboratories Sector 1 5 Field Labs Other Activities Coyotes Focused on value creation Sector 3 Sector 2 Improved well Sector 5 productivity Sector 4 Enhanced recovery…
Integrated Contracts: Mature Fields Offered Rate Min. Investment Field Company US/b USMM Incremental Production (Mbd) Magallanes Petrofac Facilities Mngt. Ltd. 5.01 205 1st 55 Santuario Petrofac Facilities Mngt. Ltd. 5.01 117…
New Business Models - Downstream Project Deer Park PEMEX Mexichem Partner 1. Joint Venture 1. Joint Venture PEMEXs 2. Crude supply 2. Fixed assets Participation 3. Supply of raw materials Refine Mexican heavy crude…
Improved Purchase and Acquisitions Processes (1/2) Greater negotiation Comprehensive power analysis of supply and demand Recognize and seize market opportunities Short, medium and long term Better contracting terms execution…
Improved Purchase and Acquisitions Processes (2/2) Cash Savings1 Purchase VS Financial Lease 25% Fleet New Contract Savings1 Traditional Design 18% - 20% Rent Savings1 Financial Lease Platforms 35% Average Consumption…
Content Achievements Challenges Results 18
Challenges Crude Oil Production Levels Operational and Technological Improvements Stronger Operational Processes New Rounds of Production Shale Integrated Deep Waters Growth Resources Contracts Upgrades and…
Potential Shale Resources Main Developments Chihuahua PEMEX has identified 200 exploratory opportunities Eagle Ford Shale Gas Texas The Habano-1 and Emergente -1 wells have verified Burro the continuation of wet gas and dry gas…
Activities in Deepwaters Supremus 1 Relevant Efforts in Deepwaters Total investment 2002-2011: 49 billion pesos. 3D seismic acquisition: 107,762 km2. Wells Drilled: 21, 11 of which are producers. Certified 3P reserves: 736…
Industrial Processes Operational, administrative Capture Economic Refining and structural Opportunities improvements Expand the Increase Gas and Basic pipeline network processing and in the northern transportation…
Refining: Operational Performance Improvement Program (MDO) 230 opportunities identified in 4 out of 6 worth 1.2 billion USD when fully captured refineries No. Of opportunities Million USD per annum Conceptual 85 Conceptual 0 stage…
Content Achievements Challenges Results 25
2011 Financial Results Billion Pesos Billion Dollars 2010 2011 Change 2010 2011 Total revenue from sales and 1,282.1 1,558.4 21.6% 103.8 111.4 services Total revenue from sales and 1,355.6 1,737.3 28.2% 109.7 124.2 services including…
3Q12 Financial Highlights As of September 30 As of September 30 2011 2012 2011 2012 Billion Pesos Variation Billion Dollars Total revenue from sales and 392.1 408.9 4.3% 30.5 31.8 services1 Gross Income 181.6 205.6 13.2% 14.1 16.0…
Relative position of PEMEX in the Mexican market (1/2) USMM 130,903 53,696 Revenue 125,780 PEMEX's revenues are comparable to the top 5 companies with most income 30,743 in the Mexican Stock Exchange (IPC), however, PEMEXs EBITDA…
Relative position of PEMEX in the Mexican market (2/2) USMM CAPEX 23,200 19,957 9,701 1,481 1,079 857 780 776 626 551 513 416 3,177 IPC America Walmart Grupo Femsa Televisa Peoles Minera Alfa Bimbo Liverpool Otros PEMEX…
Profitability 2011 (USMM) Exxon Royal Dutch Shell Statoil BP Chevron Petrobras PEMEX Total Sales 433,526.00 470,171.00 115,281.98 375,517.00 236,286.00 146,294.36 111,393.00 Gross Income 71,168.00 73,669.00 58,211.42 61,954.00 44,260.00…
Strategic importance to Mxico PEMEX contributes with approximately one-third of the total federal budget. PEMEXs budget is approved by the Mexican Congress, and is therefore part of the federal budget. The distribution of income is…
Production and F&D Costs Production Costsa,b Finding and Development Costsc,d USD 2011 / boe USD 2011 / boe 16.13 6.44 6.12 13.48 13.24 12.17 12.48 5.10 5.09 5.38 11.27 4.88 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010…
Current Infrastructure Refinery Petrochemical Complex Downstream Infrastructure Gas Processing Complex Point of Sale Natural gas processing complex 11 Pipelines Gas sweetening units 20 Cryogenic plants 21 Sea Route Liquids sweetening…
Perspectives Banxico Saudiaramco Petronas Statoil Petrochina Sinopec Petrobras Ecopetrol Business entity: Open industry Autonomous institution Not controlled by the government Flexibility and Pemex competition in corporate…
Mexicos crude oil production performance without Cantarell Excluding Cantarell, crude oil production growth in Mexico outperforms levels reached by other important crude oil producer countries. CAGR 2005-2011 Incremental barrels…
Composition of Debt Outstanding Debt US57.3 billion(1) as of September 30, 2012 By currency* By interest rate Euros 9% UDIS 3% British Pounds Floating Fixed 2% 33% 67% Dollar 67% Yens 3% Pesos 14% Swiss Francs 2% By…
Loading...
