securing energy for the future development · 2015. 7. 23. · 1 securing energy for the future...

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Securing energy for the future development

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INA d.d.

Refineries:n Rijekan Sisak

Ptrol stations:n Croatia (401)n Slovenia (6)n BiH (65) n Serbia (193)

Oil and gas exploration and

production

Refining and wholesale Retail

Oil and gasproductionn Croatian Angolan Egyptn Syrian Albania

n Maintainence of equipment and storage facilities in crude processing

n Maintainence of refineries and processing plants

n Project organisation

Integratedoil services

Drilling and otherservicesn 3 off-shore

platforms:n Zagreb, Panon

and Labinn 11 on-shore

drilling units

Natural gas transportation

n 2000 km gas pipeline

n Transportation of imported and domestic naturalgas to industrial consumers and municipal gas distributors

LPG

n Sale of LPG

Technical maintainence

servicesLubricants

n Industrial lubricants

n Special purposes oil

n Motor oil additives

n Metal processing liquids

Established in 1997. 2001. 2001. 2002. 2002.

Through a Government decision Plinacro d.o.o. was detached from INA Group

INA Group

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2


• Accounts for over 10% of Croatian GDP (2002)

• Owns 100% of Croatia’s proven and probable hydrocarbon reserves

• Owns 100% of Croatia’s wholesale gas distribution infrastructure

• Owns 100% of Croatia’s existing refining capacity

• Controls 80% of downstream petroleum market by volume

• GDP (2002) 21 188 bn US$

• GDP per capita (2002) 5 000 US$

• Inflation rate (2002) 2,3 %

CROATIA

INA

INAINA’s Role in Croatian Economy ’s Role in Croatian Economy

1


World Oil and Gas Demand/SupplyWorld Oil and Gas Demand/Supply

3

3


Oil consumption and imports of oil and natural gas in EU

Source:BP statistical review of world energy June 2002

Former USSROil ⇒ 18 %N.Gas ⇒ 41 %

AlgeriaOil ⇒ 4 %N.Gas ⇒ 29 %

Middle EastOil ⇒ 31 %

L.AmericaOil ⇒ 4 %

NorwayOil ⇒ 21 %N.Gas ⇒ 25 %

OtherOil ⇒ 22 %N.Gas ⇒ 5 %

Source: “European Union Energy Outlook to 2020”, European

Commission, 1999

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0

500

1000

1500

2000

2500

3000

3500

4000

2002.

2003.

2004

.200

5.

2006

.200

7.200

8.200

9.201

0.201

1.

Import from Russia

Northern Adriatic

Pannonian Basin

Total demand

Projection of natural gas demand and supply (BCM) in Projection of natural gas demand and supply (BCM) in CroatiaCroatia

5

4


INA’s Croatian upstream

Croatia

n INA is the only holder of onshoreand offshorelicences in Croatia

n INA shares interests in two blocks in offshore Adriatic with Agip which are operated by joint operating company (INAgip).

n INA signed an agreement with Edison Gas for the three blocks in the norhern Adriatic

n The two major prolific onshore areas in Croatia are the Drava and Sava Depression.

n Croatia’s main oil fields were found in the 1950s in the Sava Depression. The development of the SavaDepression resulted in Croatian oil production peaking in the early 1980s

n The Drava Depression is predominantly gas bearing and the main fields were discovered in the 1970s, allowing Croatian gas production to rise significantly during the 1970s and 1980s

Asset location

Ivana

Ivona

Izabela

IVANA

ITALY

0

Adriatic Sea

North Adriatic

Iva

Iskra

Iris

SLOVENIATrieste

LJUBLJANA

AUSTRIA

Rijeka

50Km

Aiza-Laura

Dinarides 2

SW Sava

Dinarides 3

Dinarides 1

100

Central Adriatic

CROATIA

Sava

NWCroatia

ZAGREB

SavaSisak

Dinarides 4

Split

Drava

Okola

Kalinovac

Molve

Dubrovnik

South Adriatic

PozegaDepression

SARAJEVO

BOSNIA-HERZEGOVINA

EastSlavonia

H U N G A R Y

SERBIA ANDMONTENEGRO

Danube

Sava

Production Licence - Oil

Exploration Licence

Production Licence - Gas

Gas FieldOil Refinery

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n Production from Ras Qattara and West Abu Gharadign Interests in North East desert and

North Bahirya

Egypt

n Potentially significant gas discovery under appraisaln Close to existing gas

infrastructure– INA has an access agreementn Syrian gas market expected to

grow supporting a rise in gas powered generation

Syria

nOil production from 2 licenses offshoren Participation in 2 wells deepwater

exploration programmes

Angola

n Exploration well to be drilled this year

Albania

INA’s international upstream

7

5


Oil production

0

0,5

1

1,5

2

2,5

3

2002. 2003. 2004. 2005. 2006. 2007.

year

mil.

ton

s

Croatia Angola Egypt Syria

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Onshore 48%

Offshore11%

Import41%

n Total Gas Supply = 2.62 bcm

n Customers

INA’s domestic gas supply and trading

n INA is sole supplier of gas to Croatia– INA production

– Imports from Gazprom

n Gas is sold at entry to the transmission system owned by Plinacro

n INA owns gas storage capacity

n Newly appointed regulator will set Croatian gas prices

n Tariffing change in 2H 2002– Expected 12-15% increase in revenues

Industrial15%

HEP24%

PetroKemija19%

Distribution42%

9

6


Gas grid

10


IDA B

ME

DIA

N LIN

E

BARBARA T2

IDA A

ANNAMARIA B

IVANA A

EXISTING SEALINE

FUTURE SEALINE

A D R I A T I C S E A

GARIBALDI K

IKA A

IKA B

CASALBORSETTI

RAVENNA

FALCONARA

ANCONA

PULA

ANNAMARIA A

IDA C

MARICA

INA’s Croatian offshore – development plan

IVANA

A

D

B

C

E

K

11

7


0

0,5

1

1,5

2

2,5

3

3,5

4

2002. 2003. 2004. 2005. 2006. 2007.year

bln

m3

Panon Jadran International

Gas production

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The energy sector in Croatia is regulated by a package of laws:

Energy law,

Law on electricity market,

Law on gas market,

Law on oil and derivatives marketLaw on regulation of energyactivities.

The legislative framework is harmonised with EU directives. The greatest part of the energy sector is organized in INA Company and in Hrvatska Elektroprivreda (Croatian Electricity Utility Company)

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securing energy for the future development · 2015. 7. 23. · 1 securing energy for the future...

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