Opportunities for the Norwegian industries in Mexico. Sven Feldhaus, Country Manager Trondheim 18. January 2018

Transcription

1 Opportunities for the Norwegian industries in Mexico Sven Feldhaus, Country Manager Trondheim 18. January 2018

2 Sven Feldhaus Bachelors degree in Electronic Engineering from ITESM (Tecnológico de Monterrey) MBA from IESE, Barcelona, Spain 20 years experience in the Energy Industry Oil, Gas & Renewables Worked internationally in North and South America, Europe and South East Asia Oil & Gas: Ustream - Schlumberger Wireline & Testing Field Upstream Offshore Construction- Global Industries, Technip, Swiber Commercial & Country Head (Manager, President) Consulting - E&IX (Energy and Infrastructure Exchange) - Owner Renewables: Thermal and PV Solar Imprema, Ithaca UK Owner/Partner Information Technology: ERP/Industry Solutions HP, Global Industries CIO, Strategy and Commercial

3 Offshore O&G expenditure per market Source: Rystad Energy 2017 Annual Offshore Oil & Gas Market Report for NORWEP

4 Mexico General Information Popultaion: 131 Million GDP: $18,900 US dollars per person Inflation: % Exchange Rate: pesos per dollar Political System: Presidential Senate & Congress Structure: 32 Federal States Ruling Party: PRI Elections: 2018 Economic Drivers: Oil&Gas, Turism, Automotive, Aerospace and Information Technology Manufacturing, Foreign Transmittals

5 Mexico Oil & Gas Industry Nationalization of Oil & Gas Industry Discovery of Cantarell Reservoir Great Financial Crisis First oposition party wins Presidency since 1910 Energy Reform 1938 Single National Oil Company 1978 Significant Production Growth 1994 Inefficiencies settle in Dissolution of Oil & Gas Monopoly Birth of Offshore O&G Industry in Mexico

6 Mexico Pemex Today Since Energy Reform was passed, it changed from NOC to Productive State Company Is in bad financial situation.. but stabilizing Main source of income for Federal Government Budget has to be approved by Congress It s head is appointed by the President Finance information from PEMEX

7 Pemex Organization and Locations Chief Executive Officer (Carlos Alberto Treviño Medina) Locations: Corporate: Mexico City Operational Upstream: Villahermosa Ciudad del Carmen Poza Rica Planning, Coordination and Performance Information Tecnologies Partnerships and New Business Finance Administration and Services Procurement and Supply Legal Internal Audit Cogeneration and Services Drilling & Other Services Ethylene Exploration & Production Fertilizers Industrial Transformation Logistics

8 Projects and Budget 2018 No. Code Project Name Description Ku-Maloob-Zaap Chuc T4L0021 Marine Light Oil 4 S/CVE CE Ek-Balam Cantarell Located in front of the coasts of Campeche and Tabasco in the Gulf of Mexico. Includes the fields: Ku, Maloob, Zaap, Bacab, Lum, Ayatsil, Tekel and Pit. Contemplates pressure maintenance, infrastructure development and extra heavy oil management. Integrated by the fields: Abkatun, Chuc, Pol, Caan, Kanaab, Batab, Tumut, Homol, Che, Chuhuk, Etkal, kuil, Onel, Pokoch, Uchak y Wayil. Includes the exploitation and fields maintenance, drilling of production wells, extend the pneumatic pumping network and improve the recovery process in Chuc. Located in front of the coasts of Tabasco and Campeche, approximately 75km Northeast to the Terminal Maritima Dos Bocas. Considers development and exploitation of 12 fields: Sinan, May, Bolontoku, Kab, Yum, Citam, Mison, Nal, Ichalkil, Och, Uech y Kax. Development and exploitation of the oil and associated gas reservoirs in the Ek and Balam fields, found in the Upper Jurassic Oxfordian period continuing with the exploitation from reservoirs at the Upper Cretaceous Breach. Contemplates drilling activities, mayor and minor well interventions, pressure maintenance through N2 injection and sour gas, infrastructure construction to take gas advantage and crude oil dehydration. Region / Production Asset Northeast Marine / Ku-Maloob-Zaap Southwest Marine / Abkatun-Pol-Chuc Southwest Marine / Litoral Tabasco Assigned Budget (MUSD) b 2,313 1, Northeast Marine / Cantarell T4L0013 Chalabil Exploration Located at shallow waters in front of Campeche and Tabasco. This project is considered for the incorporation of reserves, with expected oil and gas hydrocarbons. The estimated prospect resources are of 4,490 million boe. Southwest Marine / NA Yaxche T4L0017 Tsimin-Xux 9 S/CVE Uchukil Phase II T4L0002 West Campeche Exploration Located 20km Northeast to the Terminal Maritima Dos Bocas. Integrated by the fields Yaxche and Xanab. Requires additional investment to finish the infrastructure for development, maintenance and well operation. Contribute with the commitment of aimed production and crude oil quality in the period , incorporating a volume of around 404 million boe and 2,630 billion cubic feet of gas. Incorporate light oil hydrocarbons reserves of around 372 million boe, searching the extension of the stablished reservoirs and evaluate the petroleum potential associated to Mesozoic and Cenozoic Eras by wells drilling and studies that integrate the geological and geophysical information. The West Campeche Project is located in the marine portion of the Southeast Basins in front of the coasts of Campeche. The expected hydrocarbons to be incorporated are light and heavy oils from reservoirs constituted by carbonated rocks mainly from the Mesozoic Era. Southwest Marine / Litoral Tabasco Southwest Marine / Litoral Tabasco Southwest Marine / NA Northeast Marine / NA a Approved Federal Expenditure Budget Project, Investment Programs and Projects. b. Exchange rate considered of MXN per USD.

9 Round Results 1.1, 1.2, 1.4,

10 New Players Round 1.1 Round 1.1: 14 Shallow water areas covering a total of 4,222 km 2 at the Southeast Basins. This has been the most explored and with biggest percentage of accumulated production province in Mexico. Out of the 14 areas, only two of them were actually awarded, the other twelve were declined by the bidders. These awarded areas are located between 20 to 60km away from the shores of Veracruz and Tabasco, and with water depths of up to 170m.

11 New Players Round 1.2 Round 1.2: The second bid from license round one consisted in 5 shallow water areas covering km 2 at the Marina Suroeste and Litoral Tabasco regions which are also part of the Southeast Basins. The 3 awarded areas in this round are located at about 30 to 50 km from the shores of Tabasco and Campeche and with water depths between 28 to 45m.

12 New Players Round 1.4 Round 1.4: The fourth bid from the first licensing round belongs to 10 deep water blocks covering a total area of 23,835 km 2 and located at both Perdido Area and Saline Basin. Only two blocks from these 10 were declined by bidders, the other eight awarded blocks are located at about 120 to 280 km away from the shores of Tamaulipas and Veracruz with water depths of 500 to 3,600m.

13 New Players Round 2.1 Round 2.1: First bid of the second licensing round consisted in 15 shallow water blocks covering a total of 8,909 km 2 at the oil provinces of Tampico Misantla, Veracruz and Southeast Basins. Ten blocks were awarded out of the fifteen, these are located at 20 to 80km away from the shores of Veracruz, Tabasco and Campeche with water depths of 30 to 500m.

14 Q&A Thank You