巴西油气行业报告-33页-WN6.pdf

THE O&G SECTOR IN BRAZILRodolfo SaboiaDirector-GeneralMay 31st,2023群内每日免费分享5份+最新资料 群内每日免费分享5份+最新资料 300T网盘资源+4040万份行业报告为您的创业、职场、商业、投资、亲子、网赚、艺术、健身、心理、个人成长 全面赋能！添加微信，备注“入群”立刻免费领取 立刻免费领取 200套知识地图+最新研报收钱文案、增长黑客、产品运营、品牌企划、营销战略、办公软件、会计财务、广告设计、摄影修图、视频剪辑、直播带货、电商运营、投资理财、汽车房产、餐饮烹饪、职场经验、演讲口才、风水命理、心理思维、恋爱情趣、美妆护肤、健身瘦身、格斗搏击、漫画手绘、声乐训练、自媒体打造、效率软件工具、游戏影音扫码先加好友，以备不时之需扫码先加好友，以备不时之需行业报告/思维导图/电子书/资讯情报行业报告/思维导图/电子书/资讯情报致终身学习者社群致终身学习者社群关注公众号获取更多资料关注公众号获取更多资料This ANP institutional presentation is based on currentandreliableinformation,butnorepresentationorwarrantyismadeastoitsaccuratenessandcompleteness,and it should not be relied upon as such.All and any such responsibility and liability is expresslydisclaimed.Readers are cautioned that these statements are onlyprojections and may differ materially from actual futureresults or events.Forward-lookingdata,information,projectionsandopinions expressed during the presentation are subject tochange without prior notice.#DisclaimerBrazil at a glanceThe largest economy in Latin America9thLargest Crude Oil and Condensate producer(BP Statistical Review 2022)8thLargest Oil Products Consumer(BP Statistical Review 2022)4thLargestautomotive fuel market in the World A domestic market of over 214 million inhabitantsAmong the largest economies in the world(Rank 12thin 2022 1,92 trillion USD-Austin Rating)3rdlargest recipient of Foreign Direct Investment in 2022(85 billion USD-OCDE)Among the 10largest crude oil exporters in the world 10thIn sales of petrochemicals worldwide(Statista-2021)9thLargestRefinery Capacity(BP Statistical Review 2022)But still need to import diesel,gasoline,jet fuel and LPGBrazil plays a relevant role in the Global O&G Industry Brazil in the energy transition47%Share of primary energy from renewable sources,2022 World Average 14%(MME)87%Share of electricity production from renewables,2022World Average 28%(MME)4thLargest share of primary energy from renewables1st Iceland,2ndNorway,3rdSweden(Our World in Data)A country of plenty and diverse energy resources and one of the worlds leading player in the energy transition2ndLargest Producer and Consumer of Biofuels(BP Statistical Review 2022)3rdLargest Hydropowergeneration in 2021(Our World in Data)6thLargest Wind Generation Capacity(GWEC 2021)Brazils electricity matrix is one of the cleanest in the worldLess than10kgCO2e/boeis the carbon intensity in the pre-salt14 kgCO2e/boe is the offshore average in BrazilCompared to OGCI average 19 kgCO2e/boeAbout ANPGrant authorizationsfor the O&G and biofuels activities;to promote E&P bidding rounds and sign contracts on behalf of the Federal Estate.Enforce the standards and rules by the regulated industry.It covers the administrative process,judgment and sanction.ANP is responsible for implementing the energy public policies,but also subsidizes,technically,the National Energy Policy CouncilRegulateContractInspectEstablish the regulation of the oil,natural gas and biofuels industry.ANP must assure free competition,national supply,and consumers protection in terms of price,quality and product offer.ANP is the regulatory body for the oil,natural gas and biofuels industry in Brazil858 Importers and exporters286Fuel distributors132.806 Retailers and Regulated Consumers160 Lubricant Producersand Re-refinersAn industry of approximately 135 thousand regulated agents49Biodiesel producer companies269Ethanol producer companies9 Refining Operators6Biomethane producer companies2Pipeline Operators for oil and liquid products70Liquid Terminal Operators5NG Pipeline Operators4 LNG Terminal Operators45LNG/NG Importers83economic groups(45 nationals,38 foreigners)ANP regulates from the well to the retail3 NGPP OperatorsUpstreamMidstream&NGDownstreamE&PStorage&TransportRefining/ImportsDistributionRetailThe opening in the O&G SectorA first step was done in the NG market and downstreamE&PDownstreamGas34%total O&G Production(fev/23)20%of the refining capacity 17%Gas Commercialization Market(sales to gas distribution companies and final consumers 2022)100%of the fuel distribution and retail100%Gas Distributors 3of5Gas pipeline Operators without Petrobras participationCompanies other than Petrobras are responsible for Operators other than Petrobras operates.62%of the fields85%of the exploratory blocksCompanies other than Petrobras are responsible for Companies other than Petrobras are responsible for 46%of the fuels imports(2022)Exploration&Production Overview#1Brazil is taking a leading role in the E&P sector NowadaysForecast3.3Million bpd of oil production(Feb 2023)146Million m3/d of gas production(Feb 2023)14.9BBbl in proved oil reserves(Dec 2022)406Bm in proved gas reserves(Dec 2022)Reserves:Production:Potential to reach a production of more than 4Million bpd of oil195Million m of gas1.34Million bpd of crude oil export(2022)90BUSD investments forecast(2023-2027)2025The Chinese companies in the Brazilian E&P SectorRanking ProducersCompanyOil(bpd)Gas(Thousand m/d)BOE/d5thCNOOC67.0333.39788.4026thRepsol Sinopec56.7642.63773.3528thCNODC44.6692.42159.89520thSinochem9.457219.587Total177.9238.476231.236A relevant,valorous and important participation in the Brazilian O&G IndustryO&G Productionin BrazilFields/Exploratory with Chinese companies participationTransfer of RightsProductionSharing AgreementConcessionTypes of Contracts 10exploratory blocks(+4 to be signed soon)10fields265exploratory blocks399fields10fieldsInside the pre-salt polygonInside the pre-salt polygonOutside the pre-salt polygonExploratory blocks FieldsPre-salt PolygonThree different E&P environmentPre-saltPost-Salt OffshoreOnshoreHome to the largest offshore oil discoveries in the last decade78%of total O&G productionAll the offshore area besides the pre-salt region,including new frontier areas and a significant number of large mature fieldsMature fields and New Frontier Basins(mostly gas prone)17%of total O&G production5%of total O&G production136wells in production371wells in production4,915wells in productionO&G Production in Brazil202320252027Marlim 1Marlim 2Mero 2Bzios 5FSO Pargo2024Bzios 7Mero 3IPB Parque das BaleiasAtlanta FDSBacalhauBzios 6Mero 4Bzios 82026Bzios 9Bzios 10AlbacoraBzios 11SEAP 1SEAP 2BM-C-33 *Non-Petrobras OperatorBrazil is poised to be one of the key sources of growth over the medium termBRAZIL is home for the MAJORITY of FPSOsprojects under development20 new production units to start operation from 2023 to 2027Mandatory RD&I InvestmentsArtificial IntelligenceMachine LearningDigital TransformationSmart CompletionCO2 CaptureRenewablesEnvironmental ProtectionR&D Trends:Contractual obligation to invest in research,development and innovation(RD&I)in BrazilRD&I Expenditure(2018-2022):US$2.5 billionProject Portfolio Overview(2018 2022)RIGHT ASSETS IN THE RIGHT HANDSINCREASE THE RECOVERY FACTORINCREASE EXPLORATORY ACTIVITIESMAKE MARGINAL DISCOVERIES VIABLEE&P strategic goalsWe need to keep increasing above ground competitiveness in order to achieve our main goals2018Local Content waivers(ANP Resolution n 726/2018)Royalty reduction on the incremental production(ANP Resolution n 749/2018)Reserve Based Lending(ANP Resolution n 785/2019)Mandatory investment or M&A in onshore and shallow water fields;deadline for Petrobras divestment(RD n 568/2018)16Bid RoundsR$124.5 B in signature bonuses(2017/2022)2019A new type of auction:Open AcreageUnlocking the Transfer of Rights Auction 2020ANP Resolutions:Flexibility as a result of the pandemic 2021Royalties reduction for S&M companies(ANP Resolution n 853/2021)Adjustment Agreement to Local Content(ANP Resolution n 848/2021)Area Nomination(ANP Resolution 837/2021)Decommissioning Guarantees(ANP Resolution n 854/2021)All onshore data for freeMany measures have already been taken to encourage E&P activities2022Marginal Fields Definition(ANP Resolution n877/2022)Well Offshore data for freeExtension of the Exploration Phase for 18 months(ANP Resolution n 878/2022)Results from 2017 bidding rounds in Campos and Santos basins20162023Opportunities in the Open AcreageThe Open Acreage allows the market to decide when bidding rounds will take place and what areas from the stock will be offered.The schedules of the Open Acreage cycles will begin with the approval of a declaration of interest submitted by a registered bidder accompanied by a bid guarantee.Open Acreage ConcessionBlocksOn Offer1,098BlocksSoon:+Japiim Field(green marginal gas field)Blocks on offer1,009BlocksToday:BlocksUnder Study to be added in the future+800BlocksUnder Study:Blocks under studyOpen Acreage ConcessionAreas in Stock56B estimated oil equivalent in place or 14B risked in place O&G volume(all 13 areas)+Ametistato be included soon+5new areas already submitted to the Ministry of Mines and Energy to be approved by the Energy Council(CNPE)Areas in StockOpen Acreage PSA(inside pre-salt polygon)7AreasNatural Gas Market#3Natural gas production in Brazil is mainly associated with oil produced in offshore fieldsOnly less than 40%of the national production is monetized and consumed by the Brazilian market due to lack of demand/infrastructure and high gas prices.In addition,the national gas production has the potential to double by 2030,and all efforts are being done to monetize it.The natural gas productionGas Reinjected53%Gas Exported to the market34%Gas Consumed in facilities10.4%146Million m/dGas Production*Feb 2023Gas Flaring2.6%3.8 Mm/d49.4 Mm/d78.7 Mm/d 15.15 Mm/dNatural gas has a lot of potential in the Brazilian energy matrix(10.5%is the stakenowadays)The natural gas market is supplied by national gas production,imports through pipelines from Bolivia and LNG importsthrough regasification terminalsThe natural gas marketNational Production66%Bolivia Imports24%LNG Imports10%Electric Generation22%Automotive9%Industrial61%Others 8%72Million m/d68 Millionm/dSUPPLYDEMAND*2022*2022The natural gas infrastructureCurrent infrastructure is limited for such a large country9,306 km of transmission gas pipelines2,257 km of transfer gas pipelines13NG processing plants Capacity:102 Million m/d+49 Million m/d under construction5LNG TerminalsCapacity:99 Million m/d+50%under construction(3 new terminals)Source:ANP Statistical Yearbook(2022)Brazil is moving towards a competitive gas market20212022OctNew Gas LawLaw 14,134 Decree 10,712 203contracts signed by 20 different shippers able to transport gas in Brazil.After new gas law,access to transport has been effective and enabled the entry of new suppliers in the commercialization marketNew transport contracts were signed between independent producers,natural gas distributors/free consumers and transporters 72 contracts signed by 18 shippers Petrobras market-share in gas sales*:99%Average prices from other producers than Petrobras is 16.5%lower than those charged by Petrobras Petrobrasmarketshare in gas sales*:81,5%Past:a verticalized marketPresent:a market with third-party access Petrobras market share in gas sales*:77%78%of gas sales in the Northeast were made by independent producersThe number of authorizations granted for the import and sale of natural gas has multiplied,currently reaching 66and 182authorizations respectively.*Non-thermal Petrobras market share in the integrated gas pipeline system2023(March)Downstream market#4The downstream marketSo LusCERefineries19 Refineries2.4 Million bpdRefining Capacity143Million m of fuels sold in the market in 20229 Companies:UNIVEN 43Million m of Gasoline(27%of ethanol)Main fuel sales in 2022:63Million m of Diesel (10%of biodiesel)13Million m of LPG6Million m of Jet FuelUtilization Factor in 2022:74,5%-84,8%15Million m of EthanolBrazil still needs a lot of fuel importsWe export crude oil and import oil products,creating opportunities in the refining marketIn 2022,we imported 25 million m of fuel(gasoline,LPG,diesel and jet fuel)14%22%28%26%GasolineJet FuelDieselLPGImports(2022)As a continental sized country,we also need more storage capacity and pipelines extension in order to develop the market and enhance competitionThe biofuels market59 Biodiesel Plants358 Ethanol Mills 6 Biomethane installations38k m/d of capacity(+24%under construction)394km/d of capacity(+5%increase under construction)417km/d of capacity(+92%under construction)6M m of biodiesel production(2022)31Mm of ethanol production(2022)58Mm of biomethane production(2022)EthanolBiodieselBiomethaneBrazil has large experience in producing biofuels and is already a global leader in the use of biofuels.The biofuels market is a result of longstanding public policies.Nowadays,gasoline sold in Brazil has 27%of ethanol and diesel has 12%of biodiesel.In 2021,the biofuels represented around 24%of the Brazilian vehicle mix.Final Remarks#5Brazil is a country of great opportunitiesSanctity of ContractGeological potentialPre-salt:world-class assets with low carbon intensity IOR opportunities in mature fieldsMarket Opening in the midstream(New Gas Law)and downstream One of the largest fuel marketGreat Potential for renewables and biofuelsOur StrengthsAv.Rio Branco 65,21stfloor-Rio de Janeiro BrazilPhone:+55 21 2112-8100 http:/rodadas.anp.gov.br/pt/ANPgovbrOfficial ANP profiles on social midia www.gov.br/anp/pt-br群内每日免费分享5份+最新资料 群内每日免费分享5份+最新资料 300T网盘资源+4040万份行业报告为您的创业、职场、商业、投资、亲子、网赚、艺术、健身、心理、个人成长 全面赋能！添加微信，备注“入群”立刻免费领取 立刻免费领取 200套知识地图+最新研报收钱文案、增长黑客、产品运营、品牌企划、营销战略、办公软件、会计财务、广告设计、摄影修图、视频剪辑、直播带货、电商运营、投资理财、汽车房产、餐饮烹饪、职场经验、演讲口才、风水命理、心理思维、恋爱情趣、美妆护肤、健身瘦身、格斗搏击、漫画手绘、声乐训练、自媒体打造、效率软件工具、游戏影音扫码先加好友，以备不时之需扫码先加好友，以备不时之需行业报告/思维导图/电子书/资讯情报行业报告/思维导图/电子书/资讯情报致终身学习者社群致终身学习者社群关注公众号获取更多资料关注公众号获取更多资料