IMPROVING QUAYSIDE LOGISTICS AND

Transcription

1 IMPROVING QUAYSIDE LOGISTICS AND SUPPORT INFRASTRUCTURE IN BRAZIL APIMEC David Melo August 2014

2 DISCLAIMER Disclaimer This presentation contains statements that may constitute forward-looking statements, based on current opinions, expectations and projections about future events. Such statements are also based on assumptions and analysis made by Wilson, Sons and are subject to market conditions which are beyond the Company s control. Important factors which may lead to significant differences between real results and these forwardlooking statements are: national and international economic conditions; technology; financial market conditions; uncertainties regarding results in the Company s future operations, its plans, objectives, expectations, intentions; and other factors described in the section entitled "Risk Factors, available in the Company s Prospectus, filed with the Brazilian Securities and Exchange Commission (CVM).

3 AGENDA OFFSHORE SUPPLY BASE DESCRIPTION EXISTING FACILITIES IN BRAZIL AND PROJECTS FUTURE OUTLOOK: NEW FRONTIERS IN SOUTH AMERICA AND DEMAND FORECAST 3

4 OFFSHORE SUPPLY BASE Relevance of Logistics Support in Upstream Chain o Among the Exploration and Production activities, logistic support has a high demand through all phases of the value chain: Exploration Development of Production Production Refining Distribution Sources: BNDES, Bain & Company (2008). 1 - Reservoir Services 2 - Drilling contracts 3 - Drilling and equipment services 4 - Coating and well completion 5 - Infrastructure 6 - Production and maintenance 7 - Well Abandonment / Decomissioning 8 - Logistics Support High Relevance Low Relevance

5 OFFSHORE SUPPLY BASE Chain Workflow Suppliers Supply Chain Exploration and Production Pipes General Load Chemical Fluids Water Diesel PSV AHTS FSV LH TS SV External Market Offshore Support Vessels Storage Area Offshore Support Base Wastes Backload Offshore Platforms Local Suppliers Waste Management People Transportation Airport FPSO Other platforms Rigs Others

6 OFFSHORE SUPPLY BASE Services Description LOGISTICS SERVICES ENVIRONMENTAL SERVICES Port Operation; Material Handling; Covered and Uncovered Warehouse, including chemical products; Inventory Management; Equipment Inspection; Transport; Pump of fresh water, fluids for drilling and well completion; Container rental; Procurement; Office space. Oil Spill Containment Services; Tank Cleaning; Waste Management.

7 AGENDA OFFSHORE SUPPLY BASE DESCRIPTION EXISTING FACILITIES IN BRAZIL AND PROJECTS FUTURE OUTLOOK: NEW FRONTIERS IN SOUTH AMERICA AND DEMAND FORECAST 7

8 BRAZILIAN SUPPLY BASES Existing regular supply bases in the country Pecém (Unilink) 1 berth Guamaré (Petrobras) 2 berths Vitória (VOL) 2 berths Barra dos Coqueiros (TMIB) 1 berth Vila Velha (CPVV) 3 berths Brasco Caju 1 berth (actual) 5 berths (2015) Triunfo (Public) 8 berths Petrobras Brasco Niterói 3 berths Nitshore 6 berths IOCs (International Oil Companies) Imbetiba (PB Base CPVV operation) 6 berths Itajaí (Brasil Supply) 1 berth 34 berths Port infrastructure available exclusive for O&G offshore.

9 BRAZILIAN SUPPLY BASES Projects of supply bases in Southeast Exploration Round 11 Development Production Libra São Mateus Petrocity Vila Velha Nisibra Aracruz Imetame The following projects have already obtained environmental licenses: Itaoca Offshore LP (October, 2013). Cessão Onerosa Itapemirim Itaoca Offshore Edison Choues/C-Port C-Port - LP (May, 2013). Imetame LP (January, 2013). São João da Barra (Açu) Edison Chouest/Prumo Presidente Kennedy Porto Central Nisibra LI (December, 2011): company had an LI (October, 2005), but needed to renew it. Macaé Tepor/Terlom (Queiroz Galvão) Imbetiba (Petrobras) Barra do Furado BR Offshore Açu LI (October, 2013). Rio de Janeiro Brasco Caju: + 86 berths Total number of project s infrastructure announcements. Sources: Antaq, INEA, IEMA, Cestesb, Companies presentations, Portos e Navios. 9

10 BRAZILIAN SUPPLY BASES Campos and Santos basins strong logistics demand in the short term Highest Fields (oil production mbbl/d) Marlim Sul 264 Roncador 245 Marlim 163 Lula 151 Jubarte 135 Marlim 117 Barracuda 94 Peregrino 79 Petrobras Statoil Santos / Guarujá Rio de Janeiro / Niterói Peregrino (Statoil) Macaé Barracuda (Petrobras) Jubarte (Petrobras) Roncador (Petrobras) Marlim / Marlim Sul / Marlim Leste (Petrobras) Lula (Petrobras) Bacia Santos Bacia Campos Itajaí Libra Cessão Onerosa Exploration Development Production Highest fields (production) Sites with existing offshore bases 10

11 BRAZILIAN SUPPLY BASES Supply Bases Expansion - Brasco Caju example Infrastructure - before civil works 11

12 BRAZILIAN SUPPLY BASES Supply Bases Expansion - Brasco Caju example Infrastructure - actual 12

13 BRAZILIAN SUPPLY BASES Supply Bases Expansion - Brasco Caju example Infrastructure - after civil works (illustrative) 13

14 AGENDA OFFSHORE SUPPLY BASE DESCRIPTION EXISTING FACILITIES IN BRAZIL AND PROJECTS FUTURE OUTLOOK: NEW FRONTIERS IN SOUTH AMERICA AND DEMAND FORECAST 14

15 FUTURE OUTLOOK New frontiers North and Northeast regions - Results of 11 th Bidding Round (ANP) Foz do Amazonas Pará Maranhão Ceará Barreirinhas Potiguar Market Share (# of blocks Selected Basins) Petrobras Demais Others ESPÍRITO SANTO 70% 30% CA MPOS 69% 31% SANTOS 68% 32% POTIGUAR 88% 13% CEARÁ 50% 50% PARÁ MARANHÃ O 50% 50% PERNA MBUCO 43% 57% BARREIRINHAS 18% 82% FOZ D O A MAZONA S 13% 88% TOTAL BRASIL 66% 34% Pernambuco Paraíba Espírito Santo Source: ANP. 15

16 FUTURE OUTLOOK New frontiers Navigation distances in the Equatorial Margin Foz do Amazonas 329 NM Macapá Distance from basin centroid to closest location 389 NM Pará Maranhão 246 NM 202 NM Belém 125 km Barreirinhas 127 NM Ceará 40 NM São Luís Pecém Potiguar 38 NM - There is a big distance from the blocks to the land in Foz do Amazonas, Pará Maranhão and Barreirinhas basins. - Even with the pre-salt basins, distances are smaller than Foz do Amazonas and Pará Maranhão basins. Areia Branca Santos Santos Distance from basin centroid to closest location 138 NM Santos 67 NM Vitória 135 NM Campos Espírito Santo

17 FUTURE OUTLOOK New frontiers Land logistics in the Equatorial Margin Navigation Land logistics Distance to main suppliers Macapá: ~3,600 km Belém: ~3,150 km São Luís: ~2,900 km Pecém/Fortaleza: ~2,600 km Macapá Belém São Luís Pecém Fortaleza Land logistics - Multiclient freight consolidation and optimization; - Possibility of creating distribution centers in the region. - Safety issues may be an important concern due to the road risks. Navigation Main suppliers (Rio/Macaé) BR-153 BR-407 BR Possibility of using shared supply base (regional clusters); - Shared management and supply of vessels (vessel sharing / pool); - Rig Clubs. 17

18 FUTURE OUTLOOK New frontiers Other challenges in the Equatorial Margin Environmental questions - Located in the Legal Amazon: compulsory maintenance of 80% of the native vegetation. Restriction of backyard availability; - Possible need of establishing a more complex emergency response infrastructure (ecosystems); - Local market lack of certified waste destinators; - Little experience of local institutions with O&G offshore industry; - Large area being impacted (big distances to the offshore blocks) gas emission by the maritime transport and oil spill risks. Seasonality - Agriculture: potential of Belém region for exportation of agricultural loads (forecasting of port investments and access roads crossing the agricultural frontier); - Mining: Considerable amount of private terminals belonging to mining/steel companies (Anglo Ferrous, Vale, Alumar). Especially in Macapa and São Luís. - Development of local workforce standards in training / experience of O &G; - Local suppliers chain; Other challenges - Difficulty for offshore aviation: need of aircraft charter for long distances, few areas for landing and takeoff; - Variation of tides and currents, making navigation more difficult; - Non-technical risks management. Sources: Energia Hoje (392, 07/2013), internal studies and Ministério do Meio Ambiente. 18

19 CONCLUSIONS The logistics supply base plays a key role in the Oil & Gas value chain. The more mature the industry gets, the higher is the demand for specialized logistics services. Thus, the supply base needs to be focused in the O&G industry. There is a developed infrastructure in Southeast of Brazil, but the growing demand is pulling many other projects. There is good perspective and also big challenges for the logistics development in other regions: Equatorial Margin and South of Brazil. 19

20 David Melo Brasco Logística Offshore Thank you!