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 in place 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 2,548 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 E 2012 E 2010 2011 PEF 2010 PEF 2011 Significant operational efforts have been…
Cantarell declines according to plan, partially offset by other fields Mbd 2,500 Cantarell Actual Forecast CAGR1:9% 2,000 1,500 Production w/o Cantarell 1,000 Accumulated production 1997-2010 Estimated: 7,969 MMb 500…
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…
Exploration and Drilling Efforts Period of analysis 2000-2009 Petrobras is by far the most active Wells drilled onshore, offshore and deepwaters DW driller The top four companies by scale No. Exploratoin Wells Drilled 700 (XOM,…
Sustained Increase of the Reserve Replacement Rate 140% 128.7% 120% 102.1% 103.9% 100% In line with the 100% 80% 59.2% 59.7% 65.7% 1P Reserve 56.9% 85.8% 60% 71.8% 77.1% Replacement Rate 40% 50.3% Goal to 2012(1) 20% 41.0% 22.7%…
Main Discoveries 2006-2011 3P Reserves (Million barrels of oil equivalent) Heavy oil Tsimin 1,110.8 Light oil Gas Xux 836.0 Ayatsil 596.1 Pit 375.9 Main discoveries 2011 Bricol 323.1 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…
New Business Models Upstream Successful 1st Round: Southern Region Max. Rate Offered Rate Min. Investment Field Company US/b US/b USMM Magallanes Petrofac Facilities Mngt. Ltd. 9.78 5.01 205.5 Santuario Petrofac Facilities Mngt.…
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…
Sustainability and Environmental Protection Accumulated CO2 emission PEMEX Total CO2 emission mitigation goal1 from 2009 mitigation from 2009 to 2012 = 9.94 MMton 2011* = 14.8 MMton 940 MTCO2e/year CO2 EMISSIONS (MMton) Nuevo =…
Content Achievements Challenges Results 19
Challenges Crude Oil Production Levels Operational and Technological Improvements Stronger Operational Processes New Rounds of Production Shale Integrated Deep Waters Growth Resources Contracts New Exploration…
Strategy for Shallow Waters and Onshore Regions Light Crude Oil Heavy Crude Oil The strategy will be focused on the Southeastern Basins, including both the marine and onshore portions: Execute activities to identify the…
2nd Round: Mature Fields Northern Region 22 fields in 6 blocks in Mexicos Northern Region. The Contracts were approved by the Board of Directors on November 2011. Prospective resources of approximately 1,672 MMboe along 6,691 km2.…
Potential Shale Resources PEMEX has identified 5 geological provinces with shale gas potential: Chihuahua Sabinas-Burro-Picachos Burgos Chihuahua Tampico-Misantla Eagle Ford Shale Gas Veracruz Texas Burro Picachos PEMEX…
Activities in Deepwaters Cinturn 3D seismic Cinturn Plegado Subsalino Perdido Salina del Bravo Cinturn Plegado Oreos Perdido Total investment 2002-2011: 46 billion pesos 3.6 billion USD Abisal Golfo de Cordilleras…
New Exploration and Maintenance Functions Function Goals Advantages Implementation, Improve the execution Operations consolidation which coordination, design and strategy in exploration. supervision of exploration will allow us to…
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
3Q11 Financial Highlights Billion Pesos Billion Dollars 3Q10 3Q11 Change 3Q10 3Q11 Total revenue from sales and 317.6 392.1 23.5% 23.7 29.2 services Total revenue from sales and 331.5 434.6 31.1% 24.7 32.4 services including IEPS…
PEMEX Snapshot PEMEX ranking globally1: Credit rating: 4th crude oil producer Fitch: BBB Stable 11th integrated oil company Moodys: Baa1 Stable 11th in crude oil reserves S&P: BBB Stable 15th in natural gas production 13th in…
Background: Oil Production Evolution Thousand barrels per day 3,500 3,000 2,500 Cantarell 2,000 South- 1,500 eastern Other Offshore fields Basins 1,000 Mesozoic Ku-Maloob-Zaap 500 Chiapas-Tabasco Tertiary-age fields and other…
Secondary Recovery and Enhanced Oil Recovery: key factors to reverse production decline and increase recovery factors per field Test fields (Analogous) Pilots 3P Original Oil In Place related to SR and EOR (MMmboe) A Foamy…
Without Cantarell, Mexicos production growth tops any other crude oil producer in the world CAGR 2005-2010 Incremental barrels 2005-2010 Mbd 9.2% Mexico without Cantarell 720 Mexico without Cantarell 8.0% Angola 623 Iraq 6.4%…
New developments will yield additional production Baksha-Pit 3P reserves Tekel Name Fluid Type Ayatsil (MMboe) Light Oil Xux-Tsimin 1,947 (43API) Heavy Oil Ayatsil-Tekel 757 (12API) Tsimin Heavy Oil Pit- Baksha 504…
Ayatsil-Tekel Project Oil production (mbd) 250 Main challenges 200 Ayatsil Tekel: 150 Tsimin -Xux Development of extra-heavy oil reservoirs 100 Tsimin Xux: Ayatsil-Tekel Development of gas and condensate reservoirs 50…
Reserves and Prospective Resources Total Reserves by Area Producing Basin Oil and Gas as of January 1, 2011 Gas MMMboe (billion barrels of oil equivalent) Basin 3P1 2P1 1P1 Burgos and Sabinas 0.8 0.6 0.4 Deep-waters 0.5 0.2 0.1…
Deepwater Drilling 2004 2005 2007 2008 2009 2010 2011 Chuktah-201 512 m Puskn-1 Nab-1 624 m 680 m Etbakel-1 681 m Kabilil-1 Tamil-1 740 m 778 m Lalail-1 Noxal-1 805 m Leek-1 935 m 851 m Lakach-1 Chelem1 810 m…
Production and F&D Costs Production Costsa Finding and Development Costsb,c USD 2010 / boe USD 2010 / boe 6.16 13.2 12.0 12.8 4.72 4.85 5.22 11.8 4.13 10.8 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 Production Costs1…
Evolution of Productivity Index September 2009 = 100% 115% 110% 105% 100% 95% Productivity 90% 85% 80% 75% 70% 65% Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Permanent Payroll PEP / wells in…
Execution Strategy Mature Fields Southern and Mature Fields Northern Region Deep Waters Northern Regions and Chicontepec Increase Capacity Execution 2011 2012 Beyond 2012 1st round: Awarded in August 2011. Awarding of the 2nd…
Sustainability and Environmental Protection (2/2) Carbon Capture Environmental Reforestation Education Research and Conservation Technological Applications Main Projects Pantanos de Centla Selva Lacandona Humedales de…
Environmental Projects Project Description Achievements Protection of 3 thousand 200 hectares. Research, educational Resolution of land conflicts and technological with an environmental implementation perspective. program to…
Environmental Projects Project Description Achievements Development and consolidation of the Casa del Agua as an agent Conservation, of transformation in the culture environmental education of conservation in the region. and…
Financial Highlights. 2010 vs. 2009 (NIF) Million MX Abs. Var. 2011 2009 2010 % 2010 vs. 2009 (Jan-Sep) Total sales 1,089.9 1,282.1 192.1 17.6% 1,138.1 Domestic 596.4 683.9 87.5 14.7% 576.8 Exports 488.3 592.9 104.6 21.4% 557.2…
Sources and Uses of Funds 2011 Average Exchange Rate: 12.4253 /USD Production: 2,553.4 Mbd Average Price: 101.05 USD/BL Net Indebtedness: 1.7 billion USD Internal: 0.5 billion USD External: 1.2 billion USD Sources Uses 36.0 8.1…
2011 Capital Markets Activity 5.00% 4.50% 4.00% A B 3.50% C 3.00% 2.50% F G D,E 2.00% 1.50% ene 11 feb 11 abr 11 jun 11 jul 11 sep 11 oct 11 dic 11 Issuance Coupon Issuance Date Maturity MM A Ps. 10,000 TIIE28 + 21 bp…
PEMEXS Debt Evolution Debt Outstanding Consolidated Debt1 US Billion Outstanding at the end of each year 59.9 55.6 52.2 53.2 49.8 47.9 46.1 42.8 2005 2006 2007 2008 2009 2010 20112 20122 (1) Does not include accrual…
Debt Portfolio Maturity Profile1 Debt Portfolio Maturity Profile Consolidated Debt * US Billion Total Debt as of November 30, 2011 US54.5 billion 7.3 6.7 6.0 5.4 4.6 4.2 4.0 3.5 3.3 3.0 3.0 1.3 0.6 0.7 0.5 0.3 - -…
PEMEXS Composition of Debt as of October 31, 2011 Total Debt as of October 31, 2011 US55.2 billion By Currency of Issuance * Swiss By Interest Rate Francs Floating 1% Fixed Pesos 15% Yens 41% 4% British USD 64% 59% Pounds…
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