Skip to main content Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX Investor Presentation | Shale Experts
Loading...
Pm

Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX

PEMEX · Oct 2, 2014 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 1
    Mexicos Energy Reform & PEMEX as a State Productive Enterprise October 2014
  2. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 2
    Content PEMEX today Energy Reform New era of PEMEX Financials 2
  3. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 3
    A Pemex Transformation is Underway Round Zero leaves our reserve base 1 largely intact 13.4MM BOE proven reserves 6 Stronger finance; tax will drop from 70% today to 65% by 2019 Low replacement cost 7 Opening of…
  4. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 4
    A Snapshot of PEMEX Today Exploration and Production Downstream International Crude oil production: 2,452 Mbd1 Refining capacity: 1,690 Mbd1 7th largest oil producer worldwide2 Natural gas production: 5,757 MMcfd1,3 Strategically…
  5. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 5
    Round Zero maintains our strong reserve base Propspective 2P Reserves Total prospective resources Conventional 2P Reserves resources resources MMMboe MMMboe MMMboe MMMboe Unconventional 100% = 24.8 resources 100% = 20.6 100% = 23.4…
  6. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 6
    Low Cost Production and Replacement Production Costsa,b Finding and Development Costsc,d USD 2013 / boe USD 2013 / boe 7.91 16.13 14.91 6.84 12.48 13.24 13.77 6.44 6.12 11.27 5.09 5.38 2008 2009 2010 2011 2012 2013 2008 2009…
  7. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 7
    Building on Our Significant Infrastructure Production Capacity Producer Zone Refinery Refining Petrochemical Center Atmospheric distillation capacity 1,690 Mbd Gas Processing Center Gas Processing Sour Nat Gas 4.5 Bcf Camargo…
  8. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 8
    Content PEMEX today Energy Reform New era of PEMEX Financials 8
  9. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 9
    The Milestones of the Energy Reform Constitutional Reform December 20, 2013 March 21 August 13 Round Zero & The Ministry of Energy1 prioritized PEMEXs request for exploratory 2014 Resolution blocks and producing fields, and defined…
  10. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 10
    Updating an Outdated Energy Model A clear distribution of roles: owner, regulator, operating entities and operating companies The Ministry of Energy dictates the energy policy The Ministry of Finance manages resources and…
  11. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 11
    Quick take on the new O&G sector in Mexico Assignments Regulated by the Ministry of Energy and the CNH Migration PEMEX to 1. Production-sharing continue 2. Profit-sharing commercialization Contracts + Third Parties 3.…
  12. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 12
    Hydrocarbons Revenue Law Assignments Duties Fund Migration Recognition of a greater proportion of exploration and production costs Signing Contractual Fee for the Licenses Bonus Exploratory Phase Royalties Income…
  13. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 13
    Content PEMEX today Energy Reform New era of PEMEX Financials 13
  14. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 14
    Becoming an SPE - Generation of value Strengthen Corporate Governance Board Committees Human Audit Resources and Compensation State Acquisitions, SENER SHCP Independent Members Strategy and Representatives1 Leasing, Works…
  15. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 15
    PEMEX sustainability agenda Biodiversity projects PEMEX-SSPA Operations Human rights Indigenous communities Community involvement projects Local content and industrial development PEMEX University Sustainability Remediation…
  16. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 16
    Fiscal Regime for Assignments 1. Simple 3. Gradual reduction of fiscal burden Key Takeaways 2. Resembles typical Increasing cost recognition tax scheme Decreasing profit sharing duty Duties and Royalties Hydrocarbon Extraction % of…
  17. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 17
    Migration: Onboarding New Partners in E&P Increasing execution Expected capacity & Investment 2P Reserves Investment (MMboe)1 (USD billion) Fields First stage: First block 569 2.6 Poza Rica-Altamira and Burgos Assets 2014 22…
  18. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 18
    Mexicos Next Production Frontiers Deepwater Infrastructure1 Shale Potential2 United Gulf of States Mexico Mexico Cuba Substantial potential in both frontiers 1 Source: National Geographic. 2 Source: CNH with information…
  19. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 19
    Investment Opportunities Exploration & Production Industrial Transformation Transportation & Logistics Recovery Factor: Long-term attractiveness in the Economic incentives aligned 19 to Secondary Recovery. domestic market for…
  20. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 20
    Content PEMEX today Energy Reform New era of PEMEX Financials 20
  21. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 21
    PEMEX One of the Most Profitable Companies in 2013 Percent Gross Margin EBITDA Margin 61.74 50.36 49.38 36.78 23.34 15.87 15.44 19.56 20.25 14.13 13.93 14.73 7.72 10.72 Statoil PEMEX Petrobras Chevron Shell Exxon BP BP Shell…
  22. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 22
    Investing To Meet Our Long-term Goals USD billion 34.7 33.8 33.4 32.5 28.2 CAPEX Distribution 2015-2019 27.4 1.4% Pemex-Corporate USD billion 25.5 24.0 Pemex- Gas & Basic 2.0% Petrochemicals 19.1 21.3% Pemex- 4.0%…
  23. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 23
    CAPEX Financing Net Indebtedness (USD billion) 38.95% 26.66% 24.49% 14.20% 18.62% 8.35% 25.51 27.38 21.73 23.98 19.29 19.10 10.67 5.14 5.32 3.41 4.75 1.59 2009 2010 2011 2012 2013 2014* Net Indebtedness CAPEX Net…
  24. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 24
    Financing Program 2015 Financing Program 2015 100% = USD 18.5 billion Programmed Source USD billion 8.1% 2.0% Domestic Markets 6.0 8.0 International Markets 5.0 7.0 34.7% 13.0% Loans 2.0 3.0 Export Credit Agencies (ECAs) 1.0 2.0…
  25. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 25
    Expected Sources and Uses of Funds 20151 Price: 82.0 USD/b Exchange rate: MXN 13.00/USD Sources Uses Crude oil production: 2,400 Mbd USD billion USD billion 18.5 28.2 36.2 16.2 1.5 3.5 4.5 Initial Cash Resources Financing…
  26. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 26
    Financing in the Oil and Gas Industry1 Industry trends Principal sources of oil and gas funding Exploration Substantial appetite for capital although conservative Development and and Portfolio expansion financial structures.…
  27. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 27
    Financial Strategy Options International Market Issues New Structures Issues in MXN Diversify sources of financing in efficient Green Bonds. MXN is both more efficient in terms of cost and deep markets with arbitrage Islamic Law…
  28. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 28
    What differentiates PEMEX People Strengths Execution flexibility Selected participation in new projects Sustainability mandate through corporate governance, and social & environmental responsibility Improved efficiencies through…
  29. Mexicos Energy Reform & PEMEX as a State Productive Enterprise – PEMEX – slide 29
    Investor Relations (+52 55) 1944-9700 ripemex.com www.ri.pemex.com

From the store

Browse maps, data & reports in the Shale Experts store