INVESTMENT OPPORTUNITIES IN E&P ACTIVITIES IN PERU Elmer Martinez G. Exploration Management MAY 2013
PERU: UNDEREXPLORED COUNTRY
Regional Framework HC Occurrence Peru is located within one of the most prolific hydrocarbon trends in South America: The Sub Andean Megatrend 1 Light oil discoveries in Western Marañon Basin 2. Heavy oil discoveries in Eastern Marañon Basin 5 1 2 3 3. Light oil and natural gas discoveries in Ucayali Basin 4 4. Three Giant natural gas and condensate fields discovered in Camisea and adjacent block. Five super big discoveries in other two blocks adjacent to Camisea. 5. Light oil and natural gas fields in Tumbes and Talara Basins. Some fields have been producing crude oil for 140 years in these basins in the northwest coast.
Hydrocarbon Producing Basins MARAÑON BASIN Cumulative Daily TALARA BASIN Cumulative Daily 1,000 Million BO 25,000 BPD 1,500 Million BO 40,000 BPD 31 Million CFD UCAYALI BASIN Cumulative 32 Million BO 201 Million BC 1.7 TCFG Daily 370 BPD 105,500 BCD 1,078 Million CFD Camisea and adjacent block field are included in Ucayali basin.
Distribution of Wildcats in 18 Basins Exploratory Wells % BASINS Talara 1,299 84.68 Marañón 115 7.50 Ucayali 59 3.85 Sechura 24 1.56 Tumbes - Progreso 13 0.85 Santiago 7 0.46 Madre de Dios 6 0.39 Trujillo 4 0.26 Titicaca 4 0.07 Pisco 1 0.07 Huallaga 1 0.00 Lima 0 0.00 Mollendo 0 0.00 Salaverry 0 0.00 Moquegua 0 0.00 Bagua 0 0.00 Ene 0 0.00 1,533 100.00 Marañón Ucayali Sechura Talara Talara Marañón Ucayali Sechura Tumbes - Progreso Santiago Madre de Dios Trujillo Titicaca Pisco Huallaga Lima Mollendo Salaverry Moquegua Bagua 98% Wilcats: 4 basins
411 UN-DRILLED LEADS / PROSPECTS 250Km (155miles)
Peru Hydrocarbon Reserves Dec 2012 3,000 Crude Oil, Million bls 2,774 3,000 NGL, Million bls 2,515 2,500 2,500 2,000 1,675 2,000 1,500 1,500 1,000 579 801 1,000 627 509 414 500 500 0 Proved Probable Possibles Resources 0 Proved Probable Possibles Resources 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Natural Gas, TCF 48.6 12.7 9.0 8.0 Proved Probable Possibles Resources 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Total Hydrocarbon, MM Boe 3,323 2,783 3,346 13,396 Proved Probable Possibles Resources Source: DGH MINEM, 2012
Natural Gas in South America 1 Reserves (TPC) Bcf/d 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 4.0 Production 2.7 1.2 1.2 1.1 1.1 4 12.5 Peru* 6 200 Venezuela 8.7 Colombia 5 9.94 Bolivia 3 12.7 Brasil 0.0 Arg Ven Bras Bol Peru Colom * 2 13.2 Argentina
3 Latest Discoveries BASIN YEAR TYPE OF HC 1. Marañón 2005 LO 2. Talara 2005 LO 3. Marañón 2005 HO 4. Marañón 2006 HO 5. Marañón 2006 HO 6. Ucayali Sur 2007 GC 7. Talara 2007 LO 8. Talara 2008 Gas 9. Ucayali Sur 2005 GC 10. Ucayali Norte 2009 NCG 11. Ucayali Sur 2010 GC 12. Ucayali Sur 2011 GC 13. Ucayali Sur 2011 GC 14. Ucayali Sur 2012 GC 15. Ucayali Sur 2012 GC 16. Ucayali 2012 LO 17. Talara 2012 LO TYPE OF HC N 8 28 7 17 8 1 3 3 5 4 10 16 6 12 9 13 914 11 15 250Km (155millas) LO Light Oil 5 HO Heavy Oil 3 GC - Gas / Condensates 8 NCG - None Conventional Gas 1
PERUPETRO Statistics
Annual new E & P Contracts 1994-2012 Projection 2013-2016 25 20 15 10 5 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Exploitation Exploration
E &P Contracts in force 1994 2012 Projection 2013-2016 150 120 90 60 30 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Exploitation 13 14 15 15 15 15 15 15 15 15 17 17 19 19 19 19 19 20 20 21 22 23 24 Exploration 8 15 20 21 26 21 14 14 14 12 14 28 42 65 61 68 67 62 60 64 80 107 125 Exploration Exploitation
Annual Wildcats Drilled 1994 2012 Projection 2013-2014 30 25 20 15 10 5 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 EXPLORATORIOS 4 4 4 10 10 6 5 4 5 3 5 5 8 9 5 6 8 18 10 24 29
Thousand Barrels per day Hydrocarbon Production 1999-2012 Projection 2013-2016 Million cubic feet per day 125 1800 100 1500 75 1200 900 50 600 25 300 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NGL Crude Oil Natural Gas 0
2013 BIDDING ROUND NINE BLOCKS OFFSHORE
2103 Bidding Round - Offshore Nine Blocks for hydrocarbons exploration and exploitation activities in 4 basins Z-56 Z-57 Z-50 Z-53 For further Information: promotion@perupetro.com.pe Z-54 Z-55 Z-58 Z-59 Z-60
2013 Bidding Round - Offshore BLOCK Z 50 LIMA BASIN Z-50 BLOCK AREA (ha) PREVIOUS STATUS AVAILABLE INFORMATION PROSPECTS / LEADS Z-50 876,753 Available area APPROX. 740 Km of 2D Seismic
2013 Bidding Round - Offshore Z-53 Z-54 BLOCKS Z-53, Z-54, Z-55 LIMA PISCO BASIN Z-55 BLOCK AREA (ha) PREVIOUS STATUS AVAILABLE INFORMATION PROSPECTS / LEADS Z-53 823,617 Bidding Round 2010 Approx. 2,493 Km of 2D Seismic 7 leads Z-54 717,518 Bidding Round 2010 Approx. 856 Km of 2D Seismic 6 leads Z-55 651,145 Bidding Round 2010 Approx. 515 Km of 2D Seismic 5 leads
2013 Bidding Round - Offshore BLOCKS Z-56 and Z-57 SALAVERRY TRUJILLO BASIN Z-56 Z-57 BLOCK AREA (ha) PREVIOUS STATUS AVAILABLE INFORMATION PROSPECTS / LEADS Z-56 716,294 Available area Z-57 578,859 Available area Approx. 3,305 Km of 2D Seismic Approx. 2,050 Km of 2D Seismic 6 leads 4 leads
2103 Bidding Round - Offshore BLOCKS Z-58, Z-59, Z-60 MOLLENDO BASIN Z-58 Z-59 Z-60 BLOCK AREA (ha) PREVIOUS STATUS AVAILABLE INFORMATION PROSPECTS / LEADS Z-58 699,161 Bidding Round 2008 Z-59 1,040,005 Bidding Round 2008 Approx. 430 Km of 2D Seismic Approx. 454 Km of 2D Seismic 3 leads 2 leads Z-60 997,172 Bidding Round 2008 Approx. 431 Km of 2D Seismic 2 leads
THE DATA BANK 1. All seismic, well data, well logs and technical reports available 2. Available for download on request 3. No charge for Data and Reports http://www.perupetro.com.pe
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