Cautionary Note Proved reserves estimates as of December 31, 2009 are consistent with the comments received from the independent engineering firms during the process of auditing Mexicos reserves. reserves However, However as…
Energy Reform PEMEX Value Creation Special Contracting Corporate Governance Financial Flexibility Regime Boardd with h the h Fl Flexible ibl IIndependent d d participation of procurement and financial program professional…
Reserves and Prospective Resources Total Reserves by Area as of December 31, 2009 MMMboe (billions of barrels of oil equivalent) Basin 3P(1) 2P(1) 1P(1) Basin Production Burgos and Sabinas 0.9 0.6 0.4 Oil and Gas Deep-waters 0.6 0.2…
Upstream Exploration Strategy: Deep Waters Perdido Prospective Geological Water depth 1 Area resources Risk (meters) (MMboe) 2 1. Perdido folded belt Low-Moderate 2000 100-600 Southern Gulf of Mexico 2. Oreos Moderate-High…
Light Oil Trend with More than 1,100 MMboe of Total Reserves Xux-Tsimin: Giant complex with more than 1,170 MMboe of total reserves. Located close to May field. Campo Well productivity of Tsimin approximately 6,000 bd (barrels…
Heavy Oil Trend with more than 1,200 MMboe of Total Reserves Producing g well Ayatsil-Tekel: Delineation well Tunich Non-productive well Bok Na 500 Drilling well Giant complex with more than Lem b Kanche Baksha 100 Platform 725…
PEMEX Production is Stabilizing Daily y Crude Oil Production ((Mbd)) Production in other fields increased by 9.4% in 2009. Cantarells share of production d ti h has d decreased d over recentt yeats, but increased production in…
Upstream Production Strategy: ATG (Chicontepec) Characteristics Area: 3,731 km2 VERACRUZ Comprised of 29 fields HIDALGO FAJA DE ORO CUENCA DE TERRESTRE Oil gravity: 18-45 API CHICONTEPEC GULF OF MEXICO Reserves (MMMboe) - 1P:…
Field Labs Technological innovation and implementation of better exploitation approaches can be achieved through the field labs scheme. Goals Allocation of 10km2 per contractor to F Focus iinvestments on value l develop 5 areas.…
Mature Fields Represent an Opportunity to Generate Value Remaining Reserves and Production to be Proved reserves represent 29 Recovered (MMboe) percent of total reserves. This implies a great opportunity for 202 marginal fields…
Contracting Alternatives: Capability and Execution In the short term, PEMEX must leverage the use of Performance Contracts and alternative contracts to develop internal capabilities in core businesses. businesses Each projects…
Exploration & Production Has Redefined Its Strategic Goals Reach a replacement rate of 100 percent of proved reserves by 2012. Improve recovery ratios / reduce decline curve. Develop mature fields. Production & reserves Complete…
Downstream Strategies Reduce operational gaps Refining Eliminate subsidies Increase processing infrastructure according to primary production (sweetening, liquefied natural gas (LNG) recovery, liquid fractionation and sulphur…
Expected Sources and Uses of Funds, 2010 (U.S. billion) Sources Uses 15.2 38.0 20.8 14.8 8.9 8.0 8.4 PEMEXs financing program for 2010 amounts to approximately U.S.15.2 billion. To date, we have obtained financing for…
Debt Portfolio Maturity Profile Consolidated Debt US billion 26 0 26.0 Outstanding amount as of June 2010: 48.8 U.S. billion 4.2 4.0 5.2 4.9 4.5 Jul.10-Dec. 10 Jan. 11-Jun. 11 Jul.11-Jun. 12 Jul.12-Jun. 13 Jul.13-Jun. 14…
Key Investment Considerations Third-largest Thi d l t producer d off crude d oil il in i th the world ld Eleventh-largest integrated oil company in the world Solid Solid credit profile Improved regulatory framework Proved…