INTERTANKO Petrobras and The Tanker Future in Brazil.

Transcription

1 INTERTANKO 2012 Petrobras and The Tanker Future in Brazil. Elizio Araújo Neto Executive Manager for Transpetro Fleet Modernization and Expansion Program PROMEF 31/10/2012

2 PETROBRAS FISCAL COUNCIL BOARD OF DIRECTORS GENERAL OMBUDSMAN`S OFFICE INTERNAL AUDITORS EXECUTIVE BOARD CEO BUSINESS STRATEGY AND PERFORMANCE MANAGEMENT SYSTEM DEVELOPMENT BUSINESS COMMITTEE LEGAL NEW BUSINESS HUMAN RESOURCES Finance Corporate Financial Planning & Risk Management Finances Tax Investor Relations Gas & Energy Corporate Marketing & Trading Natural Gas Logistics and Participation s Energy Operations and Participation s Energy Development GENERAL SECRETARIAT PETROBRAS CEO CABINET E&P (Upstream) Downstream Corporate Production Engineering Services Exploration NorthNortheast SouthSoutheast INSTITUCIONAL COMMUNICATION International Corporate Corporate Logistics Technical Business Support Refining Marketing & Trading Petrochemic als & Fertilizers Business Development South Cone Americas, Africa & Eurasia EBNs TRANSPETRO (49 new ships) (39 new ships) 2 Services Safety, Environment & Health Procurement Research & Development (Cenpes) Engineering Information technology Shared Services

3 Main Subsidiaries Company Activity PETROBRAS Distribuidora S.A. (BR) Independent companies with their own executive boards, linked to the head office. PETROBRAS Energia Participaciones S.A. (PESA) PETROBRAS Quimica S.A. (PETROQUISA) PETROBRAS Gás S.A. (GASPETRO) PETROBRAS Transporte S.A. (TRANSPETRO) PETROBRAS Americas Inc. PETROBRAS International Finance Company (PIFCo) PETROBRAS Bio Fuels Retail distribution and marketing of oil byproducts. Holds several activities in Argentina, Venezuela, Peru, Bolivia and Ecuador. Operates in the petrochemical industry. Responsible for trading Brazilian and imported natural gas. Builds and operates our transportation network. Participates in the exploitation of oil fields in the Gulf of Mexico and owns 50% of the Pasadena Refinery, in Texas. Intermediary between PETROBRAS and oil suppliers, obtains financings facilitating commercial operations Responsible for the biofuels programmes. 3

4 TRANSPETRO 62 Million tons shipped by sea Petrobras transportation and logistics enterprise activities: Transportation and storage of crude, oil products, natural gas and biofuels 670 Million m3 of crude, oil products and ethanol 59 vessels 3.7 Million DWT 47 Terminals 10.3 Million m³ 7,100 km Oil Pipelines 4,400 Km Gas Pipelines 4

5 TRANSPETRO FISCAL COUNCIL BOARD OF DIRECTORS INTERNAL AUDITORS EXECUTIVE BOARD CEO CEO CABINET OMBUDSMAN OFFICE INSTITUCIONAL COMMUNICATIONS GENERAL SECRETARIAT LEGAL HUMAN RESOURCES FLEET MODERNIZATION PROGRAM CORPORATE SERVICES AND ENGENEERING FRONAPE INTERNATIONAL CO. - FIC NATURAL GAS TERMINALS and PIPELINES MARITIME TRANSPORT FINANCIAL and ADMINISTRATIVE Natural Gas Terminals Maritime Transportation Financial HES Pipelines HES Accounting Logistics and Operations HES Commercial Administrative Services Commercial Logistics and Operations Studies and Performance Studies and Performance Commercial Vetting and Inspection Compliance Studies and Performance PROMEF Compliance Pipeline Emergency Repairs 5

6 TRANSPETRO Fleet Challenges (2003) Modernize and expand the TRANSPETRO fleet of tankers, reaching 100% of coastal shipping and 50% of ocean going transportation. Tasks and challenges To reconstruct Brazil s shipbuilding industry on competitive bases. To re-shape the logic underpinning Brazil s transportation matrix. Almost 60% of Brazil s transportation matrix is road-based, which is twice as expensive as rail transportation, and four times dearer than maritime transportation. New vessels required for coastal shipping and transportation. Qualify the work force. Lack of seamen to the new ships. (They must be Brazilian by law) 6 ocean going

7 PROMEF To modernize and expand the TRANSPETRO fleet of tankers, reaching 100% of coastal shipping and 50% of ocean going transportation. SCOPE: construction of 49 vessels PROGRAM PHASES: PHASE 1: construction of 26 vessels (10 Suezmax, 5 Aframax, 4 Panamax, 4 Products and 3 LPG) PHASE 2: construction of 23 vessels (4 Suezmax DP, 3 Aframax DP, 8 Products, 5 LPG and 3 Bunker) 40,000 direct jobs 7

8 PROMEF Propositions Construct ships in Brazil Achieve a minimum of 65% of nationalization Achieve prices and quality internationally competitives Ensuring shipyards` scale so they can invest in facilities, technology, training and, consequently, facilitate their "learning curve" and continuity of operations Develop ship s parts industry 8

9 PROMEF Waterway Integrates Petrobras Strategic Plan on the development of logistics for biofuels; Modal ethanol logistics system that will integrate BR Distribuidora trucks and wagons, Petrobras pipelines and terminals and Transpetro convoys; Construction of 20 riverine convoys, each composed of 4 barges and 1 pusher tugboat to sail through the watershed of biofuels by the TietêParaná rivers and its tributaries; 9

10 Logistic Integrated System Senador Canedo MG Uberaba Ribeirão Preto MS Araçatuba REDUC SP REPLAN RJ Taubaté Pres. Epitácio Anhembi Ilha D água REVAP São Sebastião PR 10

11 PETROBRAS EBNs Program EBN Empresa brasileira de navegação (Brazilian Shipping Company) Hiring, by Petrobras, a 15 years TCP contract to any Brazilian Shipping Company interested in the construction of listed ships in Brazilian Shipyards. SCOPE: construction of 39 vessels PROGRAM PHASES: EBN 1: construction of 19 vessels (10 Products, 3 LPGs and 5 Bunkers) EBN 2: construction of 20 vessels (6 Panamax, 10 Products and 4 LPGs) 11

12 PETROBRAS EBNs Program 12

13 PETROBRAS EBNs Program 13

14 PROMEF EBN 2 1 Total PROMEF + EBNs Demands Suezmax 10 4 Suezmax DP 4 5 Aframax 5 3 Aframax DP Panamax 4 Products 40k~47k 4 Products 30k GLP 7~8000 (m3) 4 GLP 4000 (m3) 2 Bunker 4k 3 Bunker 2k Total Products 18k GLP (m3)

15 Brazilian E&P Profile PETROBRAS Records in Deep Water Around 65% of the area of PETROBRAS offshore exploration blocks is in water depths of more than 400 meters. Consequently, in recent years the company has increased its exploration drilling activities in increasingly deep water. 15

16 Pre-salt Fields Overview The Brazilian pre-salt reservoirs are formed by carbonatic rocks about which very little is known. Additionally, the biggest hydrocarbon accumulations found in the Santos Basin are located in ultra-deep waters, under a thick layer of salt which, in certain places, is more than 2,000 meters deep. These characteristics represent an unprecedented technological challenge in the industry. All of these obstacles show it will be necessary to make a major effort to create the technological solutions that will allow for production to be developed economically in this new province. In a scenario in which discoveries of this type are becoming increasingly rare, developing new solutions and finding ways to make the best use of them is what makes the difference. 16

17 Pre-salt Fields Overview The discovery of the biggest domestic oil province was the most significant fact of 2007, one that has the potential to rank Brazil among the countries with the biggest oil and gas reserves in the world. The called pre-salt layer, spreads through the Santos, Campos and Espírito Santo Basins, ranging from the coast of Santa Catarina to the coast of Espírito Santo, measuring 800km in length and 200km in width. 17

18 Perspectives 18

19 Petrobras business plan

20 Petrobras business plan

21 Petrobras needs to fulfill Presalt demands 21

22 PETROBRAS Needs Overview Download a Petrobras CEO presentation from www petrobras com br Choose: 1. English 2. Investors 3. Presentations 4. 20/ Apresentação Rio Oil and Gas / CEO Maria das Graças Silva Foster 22

23 Brazilian Shipbuilding & Offshore Industry 23

24 Brazilian Opportunities Overview COASTLINE AND MAIN RIVERS 95% of its foreign trade depends on maritime transportation 8,000 km (5,000 miles) of coastline 42,000 km (26,000 miles) of navigable rivers each year 4,600 ships sail along the Brazilian coastline Main maritime trades 24

25 BRAZILIAN OPPORTUNITIES OVERVIEW The planned expansion are unable to respond in full to future demands prompted by Brazil s pre-salt oilfields and the expansion of the biofuels market. So, we still need: To build new shipyards vessels, rigs, semi-sub, FPSOs, FSOs, offshore support vessels will be needed. To build repair shipyards there are a good number of vessels operating in Brazilian waters or passing by, with no modern repair facility currently available. To establish industries to supply equipment, parts, service and repair for shipyards and ship-owners. To establish support industries for shipbuilding specialized contractors. 25

26 Brazil An Attractive Investment Opportunity Ö Natural resources oil, bio-fuels, grain, ore and minerals, water and land. Ö Economical stability regulated bank and financing system, inflation and currency under control, sizeable international reserves with little net debt. Ö Social conditions political stability, consolidated democractic institutions, social programs. 26

27 Thank You! 27