New companies to support PEMEX and the O&G opening in Mexico

Transcription

1 New companies to support PEMEX and the O&G opening in Mexico PEMEX Investor Day London October 6, 05 CARLOS ROA Chief of Staff

2 State Productive Enterprises (SPEs) Objectives Take advantage of developed infrastructure to create new businesses. Subject to the strategic direction of PEMEX. State-owned productive subsidiaries will be converted into affiliates when they become: Self-sustainable Self-sufficient Pension debt suported by operations

3 Current SPEs Ethylene Fertilizers Cogeneration & Services Logistics Production, distribution and commercialization of ethylene derivatives Production, distribution and commercialization of ammonia, fertilizers and its derivatives Holding company to invest and develop power generation projects Transportation and storage services of hydrocarbons, petroleum products and petrochemicals Drilling & Services Drilling, completion, workover and well services

4 Pemex Ethylene Created with a set of pre-existing assets and businesses, in order to better address business opportunities 3

5 Pemex Ethylene Investment Portfolio Petroquímica Mexicana de Vinilo (Coinvestment with Mexichem) UNIGEL Plants Ethylene Cracker Vinyl Chloride Monomer (VCM) Ethylene VCM Main Products Chlorine and Caustic Sosa Commercial agreement with Unigel (Latam acrylics producer). Interesting market opportunity given the demand and potential new uses of acrylonitrile. 4

6 Pemex Ethylene Facilities Petrochemical Complex Plants Products Cangrejera Ethylene Cracker Ethylene Polyethylene (LD) LDPE Ethylene Oxide Ethylene Oxide Oxygen Oxygen Ethylene Cracker Polyethylene ( HD, HD-LD) Ethylene Morelos Ethylene Oxide LDPE, LLDPE, HDPE Oxygen Ethylene Oxide Acrylonitrile Glycols Mono Ethylene Glycol (MEG) Acrylonitrile 5

7 Pemex Ethylene Business Opportunity Capacity Description Investment Amount Polyethylene,800 Mt/y Spin off of PET s polyethylene plants and ethylene cracker in the Cangrejera complex, for a fully integrated polyethylene business. Will include a operation contract and an ethane supply contract with PEMEX. USD 3 billion Ethylene Oxide - MEG EO 80 Mt/y MEG 75 Mt/y Expansion on Ethylene Oxide plant from 80 to 360 Mt/y. The reactors for the expansion were already purchased and on site. The MEG plant has a capacity of 75 Mt/y. The complex also includes an Ethylene Oxide purification unit. Sales will come from MEG and Ethylene Oxide. USD 00 million Ethylene Storage Terminal 0,000 tons Refurbishment of a 0,000 tons liquefied ethylene storage facility (-40 0 C). The facility is connected to an ethylene network, which includes 4 petrochemical complexes. The investor would generate profitability through a long term take or pay operation contract with the network users. TBD Polyethylene Logistics Terminal,800 Mt/y Construction of storage silos, flexible dispatching modules (sacks, bulk rail). The company would invest in the necessary facilities and operate the terminal with a long term contract to handle all of the production. TBD 6

8 Pemex Fertilizers State-owned productive subsidiary with legal personality and equity, subject to PEMEX s strategic direction 7

9 Pemex Fertilizers Main Facilities and Production Product Facilities Production capacity Ammonia Ammonia Urea Cosoleacaque, Veracruz Camargo, Chihuahua Pajaritos, Veracruz 5760 t/d 4 plants 30 Mt/y plant 65 t/d of Nitric Acid 88 t/d of Ammonium Nitrate 3000 t/d of Urea 8

10 Pemex Fertilizers Business Opportunities Project Capacity Description Investment Topolobampo, Sinaloa Lazaro Cárdenas, Michoacán x0 Mt tank operational 3 reciprocating compressors Train and truck facilities nonoperational Revamp USD 5 million x0 Mt tank non-operational Revamp USD 47 million Salina Cruz, Oaxaca x0 Mt tank operational 7 reciprocating compressors Revamp USD 47 million Pajaritos, Veracruz x0 Mt tank Revamp USD 6 million 9

11 Cogeneration Increase efficiency and operational reliability, reduce operating costs, become energy selfsufficient, reduce GHG emissions, and participate in the electricity market 0

12 Cogeneration Petróleos Mexicanos PEP TRI Cogeneration 4 SPEs Partners ESA Contribution Partnership Capital investment contribution Sale of electricity and steam PEMEX Industrial Plants Market Sale of surplus electricity

13 Cogeneration One plant in operation. Partnerships to develop four additional plants:,350 MW of electricity and 3,700 tph of steam. Operational in Electrical capacity (MW) ,650 Thermal capacity (tph) ,00, ,500 Investment (MMUSD) ,730 Nuevo Pemex Cactus Tula Cadereyta Salina Cruz Total Partners

14 Pemex Drilling & Services Increase shallow water drilling market share through the acquisition of 0 new generation jack-up rigs, and 7 modular rigs of 3000 HP 3

15 Pemex Drilling & Services Rigs (PEMEX & Contractors) Type Remarks Jack up Drilling Rigs new rigs of 350 ft 7 Modular Rigs 000 HP 53 Onshore Drilling Rigs HP 35 Onshore Workover Rigs HP 44 Logging Units Logs and perforating tubing system services 6 Slickline Units Well information 57 Cementing Units Cementing jobs 0 Coiled Tubing Units Coiled Tubing services 4

16 Pemex Drilling & Services Business Opportunities Plans Investment Replacement of 45 onshore drilling rigs Replacement of 7 offshore drilling rigs Acquisition of 39 onshore drilling rigs 5

17 Pemex Drilling & Services Drilling and services market in Mexico (Official Stage of Production) USD Billion TOTAL Deep water Shallow Water Non conventional Conventional RIGS OFFSHORE ONSHORE % SERVICES OFFSHORE.4.4 ONSHORE

18 Pemex Drilling & Services Strategic Partnerships Strategic Alliance for Rigs Rig Replacement through Drilling Rig Manufacturing Leaders. Regional Operation Centers in alliance with Service Companies (equipment, materials and services procurement, workshops, training, finance and technology exchange). Strategic Alliance in Well Services Partnerships to operate Stimulation and Drilling Fluid Plants. JVs to access directional drilling services and technology of Bits. Access to basic and advanced technology and perforating tubing, logs and coiled tubing services. Strategic Alliance other Companies JVs to participate in Integrated E&P Contracts. Alliances for bidding participation in CNH rounds. Providing Services in new markets for National and International Oil Companies. 7

19 Logistics Operations of transportation infrastructure and storage of hydrocarbons (primary midstream), as well as petroleum and petrochemicals under permissions and feed-in tariff and cost-efficient 8

20 Tepic Zapopan 6 El Castillo GDL Uruapan AGS Morelia Sta. Catarina Cadereyta SLP MTY 5 5 QRO Centro 7 3 Logistics Logistic infrastructure systems defined 9 Nogales Hermosillo Cd Juárez 5 Logistics systems were analyzed and re-defined to complement the existing infrastructure serving as a basis for the generation of business cases Approved projects Guaymas Piedras Negras 0 La Paz Mazatlán Topolobampo Culiacán Jiménez Torreón Gómez Palacio 6 5 Nuevo Laredo Reynosa Burgos Matamoros Logistics System Grouping of existing and projected logistics infrastructure involved (national or imported) production, transport, storage and distribution to satisfy the demand of one or several markets 4 8 Puerto Vallarta Durango Lázaro Cárdenas 7 Altamira Tuxpan Poza Rica 3 Veracruz Pajaritos Minatitlán Salina Cruz 3 Progreso 4 TAR CFE d New pipeline Turbosina duct Cope duct Nafta duct EB intermedia Dock Tanks CFE c Existing pipeline Oil duct Diesel duct Interconnection Infra FFCC ASA 9

21 Investor Relations (+5 55) Carlos Roa