HYDROCARBON OPPORTUNITIES IN PERU

Transcription

1 HYDROCARBON OPPORTUNITIES IN PERU Oscar Miró Quesada Rivera Manager of Promotion and Communications June,

2 CONTENT 1. Peru: an underexplored country 2. General Remarks 3. Contract Terms 4. New Bidding Rounds, The Data Bank 6. Final Remarks 2

3 1. Peru: An under explored Country 3

4 Large available areas for exploration Peru is located within one of the most prolific hydrocarbon trends in South America: The Sub Andean Megatrend 1 Light oil areas in Western Marañon Basin 2. Heavy oil areas in Eastern Marañon Basin Gas and oil areas in Ucayali Basin 4 4. Camisea and adjacent gas and condensate fields Areas with historical production of over 150 years 5. Light oil areas in Tumbes and Talara Basins 4

5 Hydrocarbon Producing Areas MARAÑÓN BASIN Accumulated 1,000 BBlsO Daily 25,000 BlsOD TALARA BASIN Accumulated 1,500 BBlsO Daily 38,000 BlsOD 0.3 BCFGD UCAYALI BASIN Accumulated 31BBlsO 130 BBlsC 0.8 TCFG Daily 300 BlsOD 106,000 BlsCD 1,181 BCFGD 5

6 Distribution of Wildcats in 18 Basins BASIN WILDCATS % Talara 1, Marañón Ucayali Sechura Tumbes - Progreso Santiago Madre de Dios Trujillo Titicaca Pisco Huallaga Lima Mollendo Salaverry Moquegua Bagua Ene , Marañón Ucayali Sechura Talara 98% Wildcats: 4 basins Talara Marañón Ucayali Sechura Tumbes - Progreso Santiago Madre de Dios Trujillo Titicaca Pisco Huallaga Lima Mollendo Salaverry Moquegua Bagua Ene 6

7 2. Peru: General Remarks 7

8 Sustained GDP growth During the last 10 years the Peruvian economy increased very rapidly Real GDP (Annual average variation %) Real GDP (Variation %) GDP (Billion US$) Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión * Estimated data 8

9 Sustained GDP growth and will continue leading the regional growth making the GDP to become higher than the world average by 2020 Real GDP Projections for Latin America (Annual average variation %) GDP per capita, PPA ($ to international constant prices of 2005) Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión 9

10 The economic growth The economic growth has been impelled by the high private investment Private Investment (Variation %) Private Investment (Billion US $) Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas * Estimated data 10

11 Investment which represents near 22 % of the GDP Total Investment * (% of GDP) Total Investment Latin America 2012 (% of GDP) Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión * Estimated data 11

12 Foreign Direct Investment Peru is attractive for Foreign Direct Investment, which registered a level up to 12,000 million US $ in 2012 Net foreign direct investment flow * (Billion US $) Foreign direct investment Latin America 2012* (% of GDP) 12

13 Degree of Investment and Confidence Peru has deserved a good investment rate and the investors confidence due to its favorable economic policy Investment degree qualification Latin America comparison Countries as prime destiny for Direct Foreign Investment (World ranking among 21 countries) Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión * Estimated data 13

14 3. Contract Terms 14

15 The model of the contract: A Contract Law PERU: CONSTITUTIONAL GUARANTY CONTRACT LAW Established under Article 62 of the Peruvian Constitution. Contracts between PERUPETRO and Contractors may only be modified by agreement of the Parties. The Constitution guarantees equal treatment for domestic investments and foreign investments. 15

16 License Contract Remarks Flexible Work Programs: can be set in Exploratory Work Units (EWU). Technical Information available free of charge. No signing bonus for the Contract. Free decision of the Contractor to continue the exploration during the production phase. International arbitration as part of the License Contract. 16

17 4. New bidding rounds,

18 Productive areas in the Marañon Basin ECUADOR ITT 100Km 62.1millas COLOMBIA SITUCHE CENTRAL 2X TANGUINTZA Nor Peruvian Pipeline BRASIL SHANUSI Available areas Pipeline Wells 18

19 Next Bidding round Block 1 - AB BLOCK 1AB 19

20 Next Bidding Round Block 1 AB Block 1-AB, Marañon Basin: Active wells: 116 Fields under Production: 12 Production: Accumulated: 718 MMBO Daily: 14,800 BPD Reserves: 71.1 MMBO Access ways: air and river Rivers: Tigre, Corrientes and Pastaza 20

21 Next Bidding Round Blocks III and IV Blocks III and IV Talara Basin are located towards the South part of the basin. 21

22 Next Bidding Round Blocks III and IV Blocks III and IV Talara Basin The Talara Basin is one of the most productive basins so far discovered in Peru. Eighty% of the total oil production (more than 1.5 Billion barrels of oil) comes from onshore fields that occupy a small part of the area in the basin. Blocks III and IV are examples of this concept. 22

23 Next Bidding Round - New Blocks 26 Blocks for Exploration activities in the Jungle basins 7 Blocks will be announced first For further information: promocion@perupetro.com.pe 23

24 Excellent opportunities for investment BLOCKS 199 and 164 MARAÑON BASIN BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS ,652 1,282 Km of 2D Seismic , Km of 2D Seismic and 1 wildcat 0 24

25 Excellent opportunities for investment BLOCKS 195, 189, 169, 175 UCAYALI BASIN BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS , Km of 2D Seismic , Km of 2D Seismic ,821 2,317 Km of 2D Seismic ,067 1,177 Km of 2D Seismic 4 25

26 Excellent opportunities for investment BLOCK 187 MADRE DE DIOS BASIN 187 BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS , Km of 2D Seismic 0 26

27 Next Bidding Round - New Blocks 6 Blocks for Exploration Activities in Offshore Basins For further information: promocion@perupetro.com.pe 27

28 Excellent opportunities for investment BLOCK Z 50 LIMA BASIN Z-50 BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS Z , Km of 2D Seismic None 28

29 Excellent opportunities for investment Z-53 Z-54 BLOCKS Z-53, Z-54, Z-55 LIMA PISCO BASIN Z-55 BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS Z ,617 2,493 Km of 2D Seismic 7 leads Z , Km of 2D Seismic 6 leads Z , Km of 2D Seismic 5 leads There is a great variety of structural and stratigraphic traps, as well as big leads (18) in Tertiary sequences, which must be confirmed with additional seismic. 29

30 Excellent opportunities for investment BLOCKS Z-56 y Z-57 SALAVERRY TRUJILLO BASIN Z-56 Z-57 BLOCK EXTENSION (ha) AVAILABLE INFORMATION PROSPECTS Z ,294 3,305 Km of 2D Seismic and 1 wildcat 6 leads Z ,859 2,051 Km of 2D Seismic and 2 wildcats 4 leads - Morsa Norte 1X, Delfin 2X and Ballena 8X wildcats showed a significant potential for discovering big hydrocarbon reserves - Large size of mapped prospects/leads - Presence of seismic amplitude anomalies 30

31 5. The Data Bank 31

32 The Data Bank 1. All seismic, well data, well logs and technical reports available. 2. To be downloaded on request 3. No charge for Data and Reports

33 The Data Bank Welcome to the Data Bank 33

34 The Data Bank 34

35 6. Final Remarks 35

36 Final Remarks Peru has 18 sedimentary basins with 83 million hectares (ha), most of them under an immature exploration stage. There are 72 contracts of exploration and exploitation with 33 million hectares. There is a remaining of 50 million ha for new contracts. It is estimated that Peru will have a total of up to 4,000 million boe of proved reserves during 2014, in which the natural gas and NGL are the major volume. As a result of the new discoveries, the proved reserves of oil, natural gas and NGL have had a sustained increment during the last 20 years. The maintenance of an investment level of around 2,000 million of US $ per year is required for the purpose of improving the actual reserves level. 36

37 Final Remarks New bidding rounds in : a. 26 new blocks for hydrocarbon exploration activities in the Jungle Amazon region, 7 of them will be announced first. b. 6 Offshore blocks for hydrocarbon exploration activities. c. 1 Block with current production in Marañon Basin Block 1-AB d. 2 Blocks with current production in Talara Basin Blocks III and IV Excellent projects for a still underexplored country. 98% of the wildcats drilled is concentrated in just four basins. Peru offers the best economic framework and business environment as a destination for foreign investment. The Data Bank offers technical information regarding these basins free of charge for enterprises interested in hydrocarbon exploration and exploitation activities in Peru. 37

38 Thank you for your attention 38