New companies to support PEMEX and the O&G opening in Mexico · New companies to support PEMEX and...
Transcript of New companies to support PEMEX and the O&G opening in Mexico · New companies to support PEMEX and...
PEMEX Investor Day London – October 6, 2015
New companies to support PEMEX and the O&G opening in Mexico
CARLOS ROA
Chief of Staff
State Productive Enterprises (SPEs)
Objectives
1
• 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
Current SPEs
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• Production, distribution and commercialization of ethylene derivatives
Ethylene
• Production, distribution and commercialization of ammonia, fertilizers and its derivatives
Fertilizers
• Holding company to invest and develop power generation projects
Cogeneration & Services
• Transportation and storage services of hydrocarbons, petroleum products and petrochemicals
Logistics
• Drilling, completion, workover and well services Drilling & Services
Pemex Ethylene
Created with a set of pre-existing assets and
businesses, in order to better address business
opportunities
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Pemex Ethylene
Petroquímica Mexicana
de Vinilo
(Coinvestment with
Mexichem)
Ethylene Cracker Ethylene
Vinyl Chloride Monomer
(VCM) VCM
Chlorine and Caustic
Sosa
UNIGEL
• Commercial agreement with Unigel (Latam acrylics
producer).
• Interesting market opportunity given the demand and
potential new uses of acrylonitrile.
Investment Portfolio
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Petrochemical Complex Plants Products
Cangrejera
Ethylene Cracker Ethylene
Polyethylene (LD) LDPE
Ethylene Oxide Ethylene Oxide
Oxygen Oxygen
Morelos
Ethylene Cracker
Polyethylene (2 HD, 1 HD-LD) Ethylene
Ethylene Oxide LDPE, LLDPE, HDPE
Oxygen Ethylene Oxide
Acrylonitrile Glycols
Mono Ethylene Glycol (MEG) Acrylonitrile
Facilities
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Pemex Ethylene
Pemex Ethylene
Business
Opportunity Capacity Description
Investment
Amount
Polyethylene 1,800 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 – 280 Mt/y
MEG – 175
Mt/y
Expansion on Ethylene Oxide plant from 280 to 360 Mt/y. The reactors
for the expansion were already purchased and on site. The MEG plant
has a capacity of 175 Mt/y. The complex also includes an Ethylene
Oxide purification unit. Sales will come from MEG and Ethylene Oxide.
USD 200 million
Ethylene
Storage
Terminal
10,000 tons
Refurbishment of a 10,000 tons liquefied ethylene storage facility (-400
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
1,800 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
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Pemex Fertilizers
State-owned productive subsidiary with legal
personality and equity, subject to PEMEX’s
strategic direction
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Pemex Fertilizers
Product Facilities Production capacity
Ammonia Cosoleacaque, Veracruz 5760 t/d
4 plants
Ammonia Camargo, Chihuahua 130 Mt/y
1 plant
Urea
Pajaritos, Veracruz
625 t/d of Nitric Acid
818 t/d of Ammonium Nitrate
3000 t/d of Urea
Main Facilities and Production
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Pemex Fertilizers
Project Capacity Description Investment
Topolobampo,
Sinaloa
2x20 Mt tank – operational
3 reciprocating compressors
Train and truck facilities – non-
operational
Revamp USD 25 million
Lazaro Cárdenas,
Michoacán
1x20 Mt tank – non-operational Revamp USD 47 million
Salina Cruz, Oaxaca
2x20 Mt tank – operational
7 reciprocating compressors
Revamp USD 47 million
Pajaritos, Veracruz
2x20 Mt tank
Revamp USD 26 million
Business Opportunities
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Cogeneration
Increase efficiency and operational reliability,
reduce operating costs, become energy self-
sufficient, reduce GHG emissions, and
participate in the electricity market
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PEMEX Industrial
Plants
Petróleos Mexicanos
PEP/ PGPB/
PR/ PPQ Cogeneration
Sale of electricity
and steam
Sale of surplus
electricity
ESA Contribution Capital investment contribution
Partners
4 SPEs
Market
TRI
Business Model
Cogeneration
Partnership
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Cogeneration • One plant in operation.
• Partnerships to develop four additional plants: 2,350 MW of electricity and 3,700 tph of steam. Operational in 2018-
2019.
800 500 1,200
1,100 900 4,500
300 650
600 600 500 2,650 Electrical capacity
(MW)
Thermal capacity
(tph)
Investment
(MMUSD) 680 800
950 500 800 3,730
Cadereyta Total Salina Cruz Tula Cactus
Partners
Nuevo Pemex
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Pemex Drilling & Services
Increase shallow water drilling market share
through the acquisition of 10 new generation
jack-up rigs, and 7 modular rigs of 3000 HP
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Pemex Drilling & Services
Rigs
(PEMEX &
Contractors)
Type Remarks
2 Jack up Drilling Rigs 2 new rigs of 350 ft
17 Modular Rigs 2000 HP
53 Onshore Drilling Rigs 750-3000 HP
35 Onshore Workover Rigs 200-600 HP
44 Logging Units Logs and perforating tubing system
services
62 Slickline Units Well information
57 Cementing Units Cementing jobs
10 Coiled Tubing Units Coiled Tubing services
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Pemex Drilling & Services
Investment
Plans
Replacement of 45 onshore drilling rigs
Replacement of 17 offshore drilling rigs
Acquisition of 39 onshore drilling rigs
Business Opportunities
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3.9 4.84.5
6.5
7.2
8.1
8.4
12.3
3.12.4
5.03.8
3.3
2.5
2014
0.7
2018
13.0
1.7
1.8
2015
7.6
2013
+12%
2024
21.3
2021
17.3
DRILLING AND SERVICES MARKET IN MEXICO
(OFFICIAL STAGE OF PRODUCTION)
USD Billion
ONSHORE
OFFSHORE
ONSHORE
OFFSHORE
RIGS
SERVICES
TOTAL
Conventional
Non conventional
Shallow Water
Deep water
6.9 5.7
4.6 3.0
+
+
2015
2.7
2024
8.8
2021
7.1
2018
5.0
5.2 4.4 3.7 2.5
0.9 0.5 1.7 1.3
3.3 2.8 2.4 1.4
2024
5.5
2021
4.3
2018
2.6
2015
1.3
+
Pemex Drilling & Services
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MATERIALES1 Y LOGÍSTICA2
5.6 4.5
3.4 1.9
LOGISTICS & MATERIALS
Pemex Drilling & Services
Strategic Partnerships
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.
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.
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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
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Logistics
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2 2
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Poza Rica
Tuxpan
Centro
2
1
3
2
2
1
SLP
QRO
Salina Cruz
Minatitlán
Pajaritos
Matamoros
Reynosa
Cadereyta
MTY
Piedras Negras
Torreón
Durango
Burgos
Nuevo Laredo
1
Altamira
Mazatlán
Tepic
Puerto Vallarta
Zapopan
GDL
El Castillo
AGS
Morelia
Topolobampo
Culiacán
Guaymas
Nogales
Hermosillo
Lázaro Cárdenas
Uruapan
Veracruz
La Paz
Cd Juárez
Jiménez
Gómez Palacio
1
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Progreso
1
Sta. Catarina
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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
Logistics systems were analyzed
and re-defined to complement
the existing infrastructure serving
as a basis for the generation of
business cases
TAR
Tanks
Turbosina duct
Oil duct
EB intermedia
Infra FFCC
Cope duct
Diesel duct
CFE d
CFE c Interconnection
Nafta duct
Existing pipeline
New pipeline Dock
ASA
Logistic infrastructure systems defined
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Approved projects
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8
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12
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Investor Relations
(+52 55) 1944-9700
www.pemex.com/en/investors/
• Carlos Roa