"petrobras america inc. “business strategy and results"
TRANSCRIPT
![Page 1: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/1.jpg)
PETROBRAS AMERICA INC.BUSINESS STRATEGY AND RESULTS
Presentation toGlobal Energy Conference
Merrill Lynch NYC – October 06
Renato T Bertani [email protected] 917 3718
![Page 2: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/2.jpg)
Note: Includes International
31.0
12.41.0
1.0
49.3
23.07.5
3.32.31.8
E&P Downstream G&EPetrochemical Distribution Corporate
9%4%
3% 26%
56%
3%
Business Plan 2007-2011US$ 87.1 billion
86%
14%
Brazil International
US$ 12.1 bi
US$ 75.0 bi
PETROBRAS GROUP Investment Plan
49,3
23,0
7,53,32,21,8
![Page 3: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/3.jpg)
2 , 3 7 42 , 8 1 2
5 5 1
7 2 4
7 4 2
1 8 5
2 7 8
3 8 3
2 0 1 5
F o r e c a s t
1 , 6 8 4 1 , 8 8 01 , 5 4 0 1 , 4 9 3
2 5 0 2 6 5 2 7 4
2 8 9
1 3 3
1 6 1 1 6 81 6 3
8 5
1 0 1
9 49 6
2 0 0 3 2 0 0 4 2 0 0 5 T a r g e t 2 0 0 6
O i l a n d N G L - B r a z i l N a t u r a l G a s - B r a z i l
O i l a n d N G L - I n t e r n a c i o n a l N a t u r a l G a s - I n t e r n a c i o n a l
2,036 2,020 2,217 2,403
3,493
4,556Thousand boed
7.8% p.a.
7.5% p.a.
T a r g e t 2 0 1 1
PETROBRAS GROUP UpstreamProduction targets – Oil & NGL and Natural Gas
![Page 4: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/4.jpg)
(*) Domestic Imports and Private Refineries
International Production383
Brazilian Production2.374
383 584+
1.710
Imports309
584
Brazilian Throughput 1.877
Brazilian Oil ProductsConsumption 2.099
Oil 167
Oil Products (*)142
International Sales967
80
Liquid products flow
Thous. bpd
![Page 5: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/5.jpg)
STRATEGIC DRIVERS FOR INVESTMENTSIN THE USA
• INVESTMENT OPPORTUNITIES • PETROBRAS EXPERTISE AND TECHNOLOGY• PORTFOLIO DIVERSIFICATION• LONG TERM GROWTH OPTIONS• MARKET POSITION• OIL (AND BIO FUELS) SURPLUS
![Page 6: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/6.jpg)
EXPLORATION AND PRODUCTIONEXPLORATION AND PRODUCTION
SMALL PLAYERSHALLOW WATERS
LEADING PLAYERLARGE RESERVESNEW FRONTIERS
INNOVATIONTECHNOLOGY
RISK MITIGATION• OPTIONALITY• MATERIALITY• REPEATABILITY
![Page 7: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/7.jpg)
UNITED STATES
MEXICO
HoustonNew Orleans
Cascade
ChinookSt Malo
PRODUCING FIELDSDISCOVERIESPROSPECTS
Coulomb NorthZion
Bryce Sedona
Hadrian
Hadrian S
Monte Belo
Claudius
Flavian
Aurelian
Aransas
Goliad
Big Bend
• New frontier, new province
Deep Shelf Gas Prospects
• New frontier, mature province
Aquarius
CentaurusAndromeda
Cygnus
Crater
Aquila
Pegasus
Scorpio
• Challenging paradigms, inactive province
Cottonwood
• Improving seismic resolution, active province
![Page 8: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/8.jpg)
SEA LEVEL
Williams TowerWilliams TowerHeight 901 ftHeight 901 ft
The Lower Tertiary Play
![Page 9: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/9.jpg)
![Page 10: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/10.jpg)
CASCADE AND CHINOOK
DEVELOPMENT
FIRST OIL:
2009CascadeCascade
ChinookChinook
FPSOShuttle Tanker
FSHR
Tree
ControlUmbilical
PowerUmbilical
Flowline
Gas ExportPipeline
ManifoldCascadeCascade
ChinookChinook
FPSOShuttle Tanker
FSHR
Tree
ControlUmbilical
PowerUmbilical
Flowline
Gas ExportPipeline
Manifold
T u r re t
F la re b o o m
T o p s id e P ro c e s s in g
O ff lo a d in g
L iv in g Q u a r te rs
T u r re t
F la re b o o m
T o p s id e P ro c e s s in g
O ff lo a d in g
L iv in g Q u a r te rs
T u r re t
F la re b o o m
T o p s id e P ro c e s s in g
O ff lo a d in g
L iv in g Q u a r te rs
![Page 11: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/11.jpg)
BLACKBEARD WELL
• Interrupted before target at 30,070ft• Confirmed geological model• Extreme P&T• Technological challenges
MEGAMATA WELL
• Drilling, 21,000ft• $ 18 MM• TARGET REACHED!!!
![Page 12: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/12.jpg)
ANDROMEDAWELL PROJ.
TVD=22.000’
LOW. MIOC.
TOP OLIG. (?)
A A’NW SE
6.000’
9.000’
12.000’
16.000’
20.000’
Andromeda ProspectAndromeda Prospect
![Page 13: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/13.jpg)
• ON BUDGET• ON SCHEDULE (FIRST OIL 1Q 2007)• PRODUCTION RATE: 20 KBOE/D
![Page 14: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/14.jpg)
Megamata, AndromedaDeep gas, WGoM Expl2006
Devel (first oil 1Q07)Cottonwood2005
ProducingCoulomb2004
Appr/DevelChinook, St Malo2003
Appr/DevelCascade2002
RESULTS
ASSETS• 6 Producing fields• 1 field under development• 3 discoveries under app/devl• 30-40 prospects inventory• 2 expl wells drilling
4 FOCUS AREAS320 LEASES• 170 operated• 200 deep and ultra deep water
LEASE POSITION
UPSTREAM SUMMARY
![Page 15: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/15.jpg)
INVESTMENTS & EBITDA
0
200
400
600
800
1000
1200
1400
2006 2008 2010 2012 2014
MM
USD
DEVELOPMENT
EXPLORATIONEBITDA
![Page 16: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/16.jpg)
PRODUCTION
0
20
40
60
80
100
120
140
160
2006 2008 2010 2012 2014
MB
OE/
day
EXPL
APPRAISALFIELDS
![Page 17: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/17.jpg)
PETROBRAS ANNOUCES PURCHASE OF 50% OF TOTAL SHARES OF
PASADENA REFINERY SYSTEM
![Page 18: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/18.jpg)
PRSISTRATEGIC LOCATION
LAND FOR EXPANSIONSHIP CHANNELINDUSTRIAL AREAMAIN PRODUCT PIPES
![Page 19: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/19.jpg)
REFINING INVESTMENTS & EBITDA
0
50
100
150
200
250
300
350
400
2006 2008 2010 2012
MM
US
D
EXPANSION REVAMP
EBITDA
• Investments 2007 - 2011:US$ 1072mm
• Investments 2007 - 2011:US$ 1072mm
![Page 20: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/20.jpg)
REFINING THROUGHPUT
0
20
40
60
80
100
120
2006 2008 2010 2012 2014
MB
OE/
day
HEAVY CRUDE
LIGHT CRUDE
![Page 21: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/21.jpg)
UPSTREAM TAX POSITION
-600
-400
-200
0
200
400
600
800
1000
20062008
20102012
2014
MM
US$
Taxable Rev Tax Credits
REFINING TAX POSITION
0
20
40
60
80
100
120
140
160
2006 2008 2010 2012 2014
MM
US$
Taxable Rev Tax Credits
FISCAL SYNERGIES
![Page 22: "Petrobras America Inc. “Business Strategy And Results"](https://reader033.vdocument.in/reader033/viewer/2022052906/558c89f1d8b42a073d8b46b8/html5/thumbnails/22.jpg)
The ride is rough...but it may be rewarding!
THANK YOU VERY MUCH