ACS and Oil Market. Mateo Rodriguez-Sanchez

Transcription

1 ACS and Oil Market Mateo Rodriguez-Sanchez 1

2 INDEX Oil market ACS in the sector Experiencies and Capabilities Minatitlan project Growth 2

3 PETROLEO PRICES Since 2004, Oil prices increase Future scenario with upward trend Fuente: World Energy Outlook

4 PRIMARY DEMAND OF ENERGY Oil is and will be the primary source of energy It implies an increasing necessity to invest in all value chain 45% increase in 20 years 40% increase in 20 years Fuente: World Energy Outlook

5 GROWTH OF MARGINS E&D costs (Exploration and Development) of fields: 7 to 10 $/bl conventional fields and of $/bl present fields.. Maintenance of oil prices in the range of 70 $/bl (minimum Value) Consequences: Higher margin in Oil to undertake new projects Development of now profitable fields $/bl Increase in EPC market Increasing margin for Contractors Increasing Margin! $/bl 57usd/bl Op., Cost E&D Cost 9usd/bl Op., Cost E&D Cost Past 7-10 $/bl $/bl Present & Future 5

6 ACCUMULATE INVERSMENT High prices mean an outstanding increase of investments 175,000 M$/year in Oil investments Only in Spain: 4 refineries under development (investment above 5,000 M ) M$ $ M (In 2005 USD) $470MM $175MM $160MM $25 MM 26250M$ M$ Fuente: World Energy Outlook 2006 E&D Refining Others 6

7 Índice Oil market ACS in the sector Experiences and Capabilities Minatitlan Project Growth 7

8 OIL CHAIN OF VALUE Gas Oil Derivates Production Transportation Refining Other sources Petrochemicals *** Alternative fuel 8

9 PETROCHEMICAL: From the factories to consumers REFINING (Paraxileno) PTA/DMT PET/CHDM POLYCARBONATES BENZENE PROPYLENE CUMENE PHENOL/ACETONE PROPYLENE POLYPROPYLENE BACK 9

10 PIPELINES Sea transportation of oil CAPTAIN PROJECT, Texaco, Northern Sea 10

11 UPSTREAM CEPSA. RHOURDE EL KHROUF (ALGERIA) Gas, Water and Oil Separation plant REPSOL: BLOQUE 16 (ECUADOR) Extension of Oil production 11

12 REFINERIES Spain New Refineries in Bilbao and Cartagena Turnkey Projects and Engineering services Works for the next 3 years 12

13 PETROCHEIMICAL TA/PTA PLANT INTERQUISA Spain and Canada Turnkey Contract of PTA plant (raw material for PET production) 13

14 DERIVADOS DAP Ma aden( associate to projects of gas and ammonia) The biggest DAP plant of the world (3 MM tpd) Own Technology (INCRO) Located in Al Jubail Arabia Saudi Turnkey of 550 MM $ 14

15 ALTERNATIVES FUELS Fuente: World Energy Outlook 2006 Investments will grow outstandingly in alternative liquid fuel sources ACS is also present in these alternative fuels Agro Fuels Gas to liquids Heavy Oils 15

16 PHENOL CUMENO PHASE 1 16

17 PHENOL CUMENO PHASE 2 17

18 UPSTREAM EPC 78, PEMEX, MEXICO 18

19 PETROCHEMICAL EASTMAN CHEMICAL San Roque (Cadiz) SPAIN CHDM (PET additive) 19

20 PETROCHEMICAL Basell Polypropylene Plant Tarragona, Spain 20

21 PETROCHEMICAL Basf S.A Propylene Storage tanks Tarragona, Spain 21

22 PETROCHEMICAL Repsol Benzene Hydrogenation La Coruña, Spain 22

23 PETROQUIMICA General Electric Cartagena Project, Spain 23

24 REFINERIES CEPSA San Roque Refinery Cadiz 24

25 PIPELINES Land Transportation. Metragaz Pipeline Magreb - Europe 25

26 Index Oil Market ACS in the sector Experiences and Capabilities Minatitlan Project Growth 26

27 ACS CAPABILITIES Promotion Engineering Construction Operation & Maintenace More than 40 years of experience Integral contractor (Engineering, Procurement and Construction, Operation and Maintenance) Excellent positioning in the Turnkey Market Project Integral management International experience Home engineering capabilities of international prestige Solid client portfolio - National and international Financial strength to develop investments Extent of services in all Value chain 27

28 CAPABILITIES FOR EXECUTION OF ALL ACTIVITIES Basic Engineering Detailed Engeneering Procurement Construction & Start-up Plant Completion E P Engineering Procurement Contract Process Detailed Eng. Equipments Materias HAZOP/Risks licenses Procurement Expedition Inspection Logistics Spare parts C Construcción and Start up Construction Supervision Plant Completion Constructibility Planning and Control Costs QA/QC Health, Safety, Environmental 28

29 MARKET DEMAND EPC Contractor (Turnkey) Bigger Contracts Typical contract rise from 100 MM$ to over 500 MM Restricted to general contractors with high technical capabilities and financial soundness Unprecedented increase in demand Less competition Ability to select contracts based on a suitable risk analysis 29

30 CLIENTS 30

31 INTERNATIONAL PRESENCE Europe: Spain, Portugal, Greece Latin America: Brazil, Argentina, Peru, Costa Rica, Mexico, Ecuador, Colombia, Chile North America: Canada, EEUU Africa: Algeria, Tunisia, Morocco, Tanzania, Eritrea, Egypt Middle East: Saudi Arabia Asia: China, Vietnam 31

32 Índice Oil Market ACS in the sector Experiencies and Capabilities Minatitlan Project Growth 32

33 More than 400 refineries and Petrochemical Plants DEISOPENTANIZER tpy isopentane MEROX UNIT kg/hr. PROYECTO MINA BENZENE REDUCTION MT/Y PLATFORMING RZ ,000 tpy GASOLINE ALKYLATION UNIT tpy 33

34 MINATITLAN PROJECT: BEFORE 34

35 MINATITLAN PEMEX - MEXICO Engineering and Design Above 1 Million of hours Design in 3D (PDMS) Engineering in Madrid, Mexico, Venezuela 35

36 MINATITLAN PEMEX - MEXICO Procurement Procurement in Mexico, Europe, EEUU and Asia 400 Purchase orders 750 pieces of process equipment tons transported via marine and air shipping 1600 inspections developed 36

37 MINATITLAN PEMEX - MEXICO 200,000 m3 of concrete and 8,000 ton of steel structure 37

38 MINATITLAN PEMEX - MEXICO More than 11,000 Tn of equipments 38

39 MINATITLAN PROJECT: NOW 39

40 Index Oil market ACS in the sector Experiences and Capabilities Minatitlan Project Growth 40

41 ACS: A constant guarantee of growghing ACS is in all the oil chain (overlapping cycles) ACS provides all services from engineering to maintenance ACS is diversified geographically Diversification of clients % Refino Upstream Offshore Total

42 .and profitable High entry barriers Technological (experience) Client trust Financial soundness for Major Projects Sustainable Profitability Privileged position through presence in all value chain New contract schemes New technologies and trends 42

43 ACS and Oil Market Mateo Rodriguez-Sanchez 43 << Cargo del Ponente >>