the energy reform and opportunities for u.s. firms december 10, 2014
TRANSCRIPT
The Energy Reform and Opportunities
for U.S. Firms
December 10, 2014
ENERGY REFORM AND MEXICAN ENERGY AGENCIES
SECRETARY OF ENERGY
PEMEX
NATIONAL CENTER FOR CONTROL OF NATURAL GAS
NATIONAL HYDROCARBONS COMMISSION
CFE- FEDERAL ELECTRICITY COMMISSION
CRE- ENERGY REGULATORY COMMISSION
NATIONAL CENTER FOR ENERGY CONTROL
NATIONAL INDUSTRIAL AND ENVIRONMENTAL PROTECION AGENCY
MEXICAN PETROLEUM FUND FOR STABILIZATION AND DEVELOPMENT
PEMEX NEW STRUCTURE
CEO
INDUSTRIAL TRANSFORMATION
EXPLORATION AND PRODUCTION
REFINING
GAS AND BASIC PETROCHEMICALS
SECONDARY PETROCHEMICALS
THE REFORM ON PEMEX AND CFE
Allows for PEMEX to partner with private oil and gas companies (drilling, exploration and production, gas stations, storage of crude oil, gasoline, diesel, etc.);
Allows more participation for private companies/investors to generate electricity;
Allows for private companies/investors to partner with CFE to build, operate, and maintain new transmission lines.
Ranking4th
17th
International comparison
Crude oil production
3.16 MMbd a
Crude oil reserves (1P)*
10.025 MMMb
Natural gas production
7.03 MMMcfd
Natural gas reserves (1P)*
17.22 MMMMcf
Refining capacity
1,540 Mbd
Sales
80.6 billion dollars
a Includes gas liquids* Las Reservas de Hidrocarburos de México 2012, January 1, 2012.* PIW 2010 Rankings, December 2011. Petroleum Intelligence Weekly
9th
33rd
14th
11th
5
PEMEX ranks high in the world
6
90% of Mexico’s energy supply comes from hydrocarbons
Oil34%
Hydroelectric2%
Biomass8%
Solar, wind and biofuels1%
Coal23%
Nuclear6%
Gas26%
Worldwide energy consumption Energy consumption in Mexico
Oil65%
Gas23%
Hydroelectric6%
Biomass3%
Coal, nuclear, solar 3%
60% hydrocarbons
Source: Outlook for Energy: A View to 2030 Source: Estrategia Nacional de Energía, SENER 2013
90% hydrocarbons
PEMEX Exploration and Production Projects
22 light oil 4 heavy oil 3 gas
2 gas
7 shallow water 6 deep water 7 onshore
Exploration
Production
Integrated
The investments aim to increase oil and gas production and to continue increasing the proven and 3P reserves replacement rates
81 ProjectsIntegrales
Production
Exploration
Facilities 30
2Exploration
20
Production29
[ [
7
Unconventional (shale gas)
Basin Cumm. prod.
Reserves Prospective resources
1P 2P 3P Conv. Unconv.
Southeast 45.4 12.2 18.2 25.1 20.1
TampicoMisantla 6.5 1.0 7.0 17.7 2.5 34.8
Burgos 2.3 0.4 0.6 0.8 2.9 15.0
Veracruz 0.7 0.2 0.2 0.2 1.6 0.6
Sabinas 0.1 0.0 0.0 0.0 0.4 9.8
DeepWaters 0.0 0.1 0.2 0.7 26.6
YucatanPlatform 0.5
Total 55.0 13.9 26.2 44.5 54.6 60.2
Billions of barrels of crude oil equivalent
Oil and gas basins
Exploration projects
Production projects
28.4
8
Resources and reserves: starting point for the projects
9
Natural Gas Wells Project Potential
Projects on wheels GNC
Projects on wheels LNG
Potential projects (GNC y LNG)
10
Natural Gas Pipeline Infrastructure 2014
2014
Private pipelines
Sufficient (Available capacity greater than 15%)
Exceeded (Available capacity lower than 10%)
• The Northeast and Southeast have available capacity. However.
• The North, Gulf-Central, West and the Naco Hermosillo regions are saturated.
• Due to the insufficient capacity of the National Gas Pipeline System (NGPS), a strengthening and development is necessary.
CFE PROJECTS
Two Gas Pipe Lines (42 inches ) State of Chihuahua. Estimated Investment: US$945 million;
Three Combined Circle Electricity Generation Plants, States of Sonora, Sinaloa, and Nuevo Leon. Estimated Investment: US$3 billion;
Three Transmission Lines, States of Chihuahua, Tamaulipas, Zacatecas and Coahuila. Estimated Investment US$71 million;
Five packages for the modernization of the electricity distribution lines for the States of Chihuahua, Coahuila, Mexico City, Durango, and the State of Mexico. Estimated Investment: US$512 million, etc.
CS Mexico City Events 2015
MEXICAN ENERGY SEMINAR, January 20, Houston, Texas
PECOM 2015, April 14-16,Villahermosa, Tabasco
OTC 2015, May 4-7, Houston, Texas
LAGCOE, October 27-29, Lafayette, LA
Contacts:
Karen Allen, Commercial Officer, Energy [email protected]
Francisco Ceron, Senior Trade Specialist, Oil, Gas, and Nuclear Energy
[email protected] Salgado, Electric Energy Specialist, [email protected]
Miguel Vazquez, Renewable Energy Specialist, [email protected]