Opportunities for the Norwegian industries in Mexico Sven Feldhaus, - - PowerPoint PPT Presentation

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Opportunities for the Norwegian industries in Mexico Sven Feldhaus, - - PowerPoint PPT Presentation

Opportunities for the Norwegian industries in Mexico Sven Feldhaus, Country Manager Trondheim| 18. January 2018 Sven Feldhaus Bachelors degree in Electronic Engineering from ITESM (Tecnolgico de Monterrey) MBA from IESE, Barcelona,


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Opportunities for the Norwegian industries in Mexico

Sven Feldhaus, Country Manager Trondheim| 18. January 2018

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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
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Offshore O&G expenditure 2018-21 per market

Source: Rystad Energy 2017 Annual Offshore Oil & Gas Market Report for NORWEP

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Mexico – General Information

  • Popultaion: 131 Million
  • GDP:

$18,900 US dollars per person

  • Inflation:

2017 – 6.4%

  • Exchange Rate:

19.20 pesos per dollar

  • Political System:

Presidential – Senate & Congress

  • Structure:

32 Federal States

  • Ruling Party:

PRI 2013-2018

  • Elections:

2018

  • Economic Drivers:

Oil&Gas, Turism, Automotive, Aerospace and Information Technology Manufacturing, Foreign Transmittals

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Mexico – Oil & Gas Industry

1938 Nationalization

  • f Oil & Gas

Industry Single National Oil Company 1978 Discovery of Cantarell Reservoir Significant Production Growth Inefficiencies settle in 1994 Great Financial Crisis 2000 First

  • position

party wins Presidency since 1910 2014 Energy Reform Dissolution of Oil & Gas Monopoly Birth of Offshore O&G Industry in Mexico

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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 http://www.pemex.com/ri/herramientas/Paginas/cifras.aspx

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Pemex – Organization and Locations

Locations:

Corporate:

  • Mexico City

Operational Upstream:

  • Villahermosa
  • Ciudad del Carmen
  • Poza Rica

Chief Executive Officer (Carlos Alberto Treviño Medina)

Cogeneration and Services Drilling & Other Services Ethylene Exploration & Production Fertilizers Industrial Transformation Logistics Planning, Coordination and Performance Information Tecnologies Partnerships and New Business Finance Administration and Services Procurement and Supply Legal Internal Audit

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Projects and Budget 2018

No. Code Project Name Description Region / Production Asset Assigned Budget (MUSD)b 1 039 98 039 Ku-Maloob-Zaap 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. Northeast Marine / Ku-Maloob-Zaap 2,313 2 101 01 099 Chuc 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. Southwest Marine / Abkatun-Pol-Chuc 1,037 3 1218T4L0021 Marine Light Oil 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. Southwest Marine / Litoral Tabasco 702 4 S/CVE CE Ek-Balam 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.

  • 688

5 020 96 020 Cantarell 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. Northeast Marine / Cantarell 594 6 1218T4L0013 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 276 7 109 01 107 Yaxche 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. Southwest Marine / Litoral Tabasco 273 8 1218T4L0017 Tsimin-Xux Contribute with the commitment of aimed production and crude oil quality in the period 2015-2039, incorporating a volume of around 404 million boe and 2,630 billion cubic feet of gas. Southwest Marine / Litoral Tabasco 208 9 S/CVE Uchukil Phase II 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. Southwest Marine / NA 200 10 1118T4L0002 West Campeche Exploration 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. Northeast Marine / NA 114

a. 2018 Approved Federal Expenditure Budget Project, Investment Programs and Projects. http://www.ppef.hacienda.gob.mx/work/models/PPEF2018/docs/52/r52_t9g_pie.pdf b. Exchange rate considered of 18.80 MXN per USD.

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1.1 2.1 1.2 1.4

Round Results 1.1, 1.2, 1.4, 2.1

https://www.gob.mx/cnh/

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New Players – Round 1.1

  • Round 1.1: 14 Shallow water areas covering a total of 4,222 km2 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.

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New Players – Round 1.2

  • Round 1.2: The second bid from license round one consisted in 5 shallow water areas covering 278.5 km2 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.

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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 km2 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.

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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

km2 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.

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Q&A Thank You