OTC Petrobras by 3jF5su

VIEWS: 90 PAGES: 28

									                                     2020 PETROBRAS STRATEGIC & BUSINESS PLAN




                     PETROBRAS
                 Strategic & Business
                          Plan
                       2009-2013
               Opportunities for foreign suppliers



Houston, May 5th 2009            Paulo Sérgio Rodrigues Alonso D.Sc.
OTC 2009                               Materials Engineering Manager

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                                                 2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                                                          DISCLOSURE

The presentation may contain forecasts about future events. Such forecasts merely
reflect the expectations of the Company's management. Such terms as "anticipate",
"believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with
similar or analogous expressions, are used to identify such forecasts. These predictions
evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and
readers must not base their expectations exclusively on the information presented
herein. The Company is not obliged to update the presentation/such forecasts in light of
new information or future developments.

Cautionary Statement for US investors

The United States Securities and Exchange Commission permits oil and gas companies,
in their filings with the SEC, to disclose only proved reserves that a company has
demonstrated by actual production or conclusive formation tests to be economically and
legally producible under existing economic and operating conditions. We use certain
terms in this presentation, such as oil and gas resources, that the SEC’s guidelines
strictly prohibit us from including in filings with the SEC.

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                           2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                      PRESENTATION OUTLINE

Main objectives;
PETROBRAS Overview;
Strategic and Business Plans Highlights:
  E&P;
  Downstream;
  Petrochemical;
  Gas and Energy;


Critical Goods and Services and equipment quantities;
PETROBRAS Strategies for purchasing goods and services;
Register Requirements for Foreign Suppliers;
PROMINP – Governmental Program and Local Content;
Conclusions.

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                             2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                               MAIN OBJECTIVES




To provide a broad overview of PETROBRAS main
investment programs, included in the Strategic and
Business Plan for the period 2008-2012, aiming to
 expand the basis of selected goods and services
 foreign suppliers interested to come to Brazil and
register with the Company in order to participate in
            the projects’ Vendor Lists.



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           2020 PETROBRAS STRATEGIC & BUSINESS PLAN




Petrobras Overview




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                                                                                                     2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                        A WORLD-CLASS, PUBLIC, INTEGRATED ENERGY COMPANY

           Among its peers, Petrobras has the:

           •    4th largest Proven Reserves;                                                             6th largest Refining Capacity;

           •    5th largest Oil & Gas Production;                                                        6th largest Market Value.
                                                           STRATEGIC VISION: TO BE ONE OF THE WORLD’S FIVE
                                                              LARGEST PUBLICLY TRADED OIL PRODUCERS
                                                                                                                                    Production
                                                  30,000                                                                            Target: 2020


                                                  25,000
                              Reserves (mm boe)




                                                                                           Production                 XOM
                                                  20,000                                  Target: 2013
                                                                                                             BP
                                                                      Production
                                                  15,000             Target: 2009

                                                               PBR
                                                  10,000                         CVX           RDS
                                                                         COP
                                                                   TOT


                                                   5,000
                                                           2,000         2,500         3,000         3,500        4,000     4,500    5,000         5,500
                                                                                               Production (mboe/d)
                                                      2007 (SEC) reserves and production

Source: Bloomberg and Company Reports (2007 SEC Proven Reserves Data, 9M08 Oil & Gas Production data, 2008 Refining
Capacity data and 2008 Market Value data)                                                                                                                  6
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                                    DOMINANT POSITION IN A LARGE AND GROWING EMERGING MARKET


           2007 Total Oil Consumption by Country (mmbo/d)
    20.7
           7.9
8


6
                   5.1
                                                                                                                                                      Brazil is world’s eighth-
                                                                                                                                                      largest oil consumer
4
                           2.7     2.7
                                            2.4       2.4        2.3      2.2      2.2     2.0      1.9      1.7     1.7   1.6
2

                                                                                                                                               Total Oil Consumption mb/d (index)
0
     US




                                                                                                    France
                                                      S. Korea
                                            Germany




                                                                                           Mexico
           China




                                                                                                                           Iran
                   Japan

                           India




                                                                 Canada

                                                                          Brazil




                                                                                                             Italy

                                                                                                                     UK
                                   Russia




                                                                                   Saudi



                                                                                                                                  160                               Brazil                      OECD                           World

                                                                                                                                  150


                                                                                                                                  140
    Brazil oil consumption growing at 2.4% p.a.
                                                                                                                                  130


                                                                                                                                  120
    OECD oil consumption growing at 1% p.a.
                                                                                                                                  110


                                                                                                                                  100




                                                                                                                                                                                                1998
                                                                                                                                                                                                       1999
                                                                                                                                                                                                              2000
                                                                                                                                                                                                                     2001
                                                                                                                                                                                                                            2002
                                                                                                                                                                                                                                   2003
                                                                                                                                                                                                                                          2004
                                                                                                                                                                                                                                                 2005
                                                                                                                                                                                                                                                        2006
                                                                                                                                                                                                                                                               2007
                                                                                                                                        1990
                                                                                                                                               1991
                                                                                                                                                      1992
                                                                                                                                                             1993
                                                                                                                                                                    1994
                                                                                                                                                                           1995
                                                                                                                                                                                  1996
                                                                                                                                                                                         1997
            Source: BP Statistical Review 2008, PFC Energy                                                                                                                                                                                                            7
                                                                           2020 PETROBRAS STRATEGIC & BUSINESS PLAN

                                           HIGH-POTENTIAL PORTFOLIO IN ONE OF THE WORLD’S
                                                               MOST EXCITING PROVINCES...




                                                                          Kashagan
                                                                                                   Sakhalin II
                                                                                                     Sakhalin I

                                                                                      Kurmangazi
              Thunder                                             Shah
               Horse                                              Deniz             Azadega
                                                                                    n
                                                                Khurais           Anaran
                                          Roncador
                                          Marlim
                                                           Agbami
                                          Albacora
                                                           Akpo
                                          Iara
                                          Jupiter       Dalia       Kizomba
                                          Tupi
                                          Carioca           Girassol, Jaz, Rosa
82% of our total crude
production currently
comes from Campos
Basin                                      Development of the Santos Basin
                                           sub-salt play will drive our long-
                                           term production growth


          Significant light oil and gas
          discoveries have been made                                                                   Circle size indicates
          in the Espirito Santo Basin                                                                  estimated reserves


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Strategic and Business Plans
          highlights




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                                      VISION 2020 AND CHARACTERISTICS


                           Vision 2020

  We will be one of the largest integrated energy companies in the
     world and the preferred choice among our stakeholders


               Vision 2020 Characteristics
Our operations will be notable for:
      Strong international presence;
      World scale prominence in biofuels;
      Operational excellence in management, technology and human
      resources;
      Profitability;
      Benchmark in social and environmental responsibility;
      Commitment to sustainable development.


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                                                            AND A CAREFULLY CRAFTED SPENDING PROGRAM
                                                                                TO SUPPORT THAT VISION



                                                                                                 International Investments
                                                                                                      US$ 15.9 billion

                         Business Plan 2009-2013                                                           5% 1%
                            US$ 174.4 billion                                                       8%

            2%      2%    2%
       3%                                                                                      7%
                                                                  E&P
      7%      5.6          3.0
                                                                  RTC
         11.8              2.8
                           3.2                                    G&E

                                                                  Petrochemicals

                                                                  Distribution
       43.4                 104.6 (*)
25%                                           59%                 Biofuels

                                                                  Corporate                                                 79%


                                        (*) US$ 17.0 billion allocated to Exploration
                                                                                                 E&P            RTCP        G&E
                                                                                                 Distribution   Corporate




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                                                                                                                           CENPES


                     Total Area:114.000 m2                                                        CENPES Expansion and
                     Building:75.000 m2      Expansion                                            Dataprocessing integrated Center:
                     137 Laboratories                                                             Total Area: 190.000 m2
                     30 Pilot plants                                                              Building: 114.000 m2


Partnership with over 120 universities and research centers in Brazil, and 70 Institutions abroad

 Investments in Technology                                          Technological programs
        2009-2013
        US$ 4.0 billion
      25%


            1.0                                         Basin
                                                                    Deep and
                                                                                      Heavy
                                          Frontier                  Ultra-deep                     Enhanced
                                                       Modeling                        Oil                      Pre-salt     Refining
                              47%          Areas                      Waters                          Oil
                    1.9                                                                            Recovery
 5%    0.2
             0.9

      23%                               Optimization
                                                                                                  Renewable
                                                          Fuel                                      Energy                   Climate
   E&P             Downstream                &                      Transportatio   Natural Gas                Environment
                                                       Innovation                                     and                    Changes
                                         Reliability                     n
                                                                                                   Bio Fuels
   G&E             Corp. (Cenpes)


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E&P Business Segment




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                                                                                          E&P: FOCUSED & DISCIPLINED INVESTMENT



       Total Investments                                                         Total Investments of US$ 104.6 billion in E&P through
                                                                                  2013, of which US$ 92 billion will be spent in Brazil

      12%           13%
                                                                                                       Expected Costs of Production*

                                                                               140

                                  17%
                                             Production costs (US$/bbl-2008)
                                                                                                           Deepwater and
                                                                               120                         Ultra-deep water

                                                                               100
                                                                                                                                             Oil     Gas to     Coal to
                                                                                80                                                          Shales   liquids    liquids




                                                                                                                      R Arctic
                                                                                60                                                Heavy




                                                                                                                    CO₂ -

                                                                                                                      EO
                                                                                                                    EOR
 58%                                                                                                                              oil and
                                                                                                                                 bitumen
                                                                                40
                                                                                                          Other
Exploration        Development                                                  20 Produced     MENA
                                                                                                        conventi                   Petrobras expected
                                                                                                         onal oil                  maximum break-even cost


Santos Pre-salt    International                                                     0   1000    2000      3000         4000        5000    6000     7000      8000       9000   10000
                                                                                                                        Reserves (bn bbls)




                  * Source: IEA – Outlook 2008                                                                                                                                     14
                                                                2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                                                                       PRE-SALT PROVINCE


    Total area of the Province: 112,000 km2
    Area under concession: 41,000 km2 (38%)                           ESPIRITO SANTO
    Area not under concession: 71,000 km2 (62%)
                                    MINA GERAIS
    Area with Petrobras interest: 35,000 km2 (31%)



         SÃO PAULO                                   RIO DE JANEIRO




PARANÁ




                                                                                        Tested wells
                                                                                        Campos HC
                                                                                        Exploratory Blocks
                                                                                        Pre-Salt reservoirs
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                                                                         SANTOS BASIN PRE-SALT CLUSTER


50 km                            Rio de Janeiro

                                                                         Major discoveries include: Tupi,
                                                                         Iara, Carioca, Guara, Jupiter, Parati,
                           BM-S-10
                           BR 65%                BM-S-11                 Bem-te-vi and Caramba
                                                 BR 65%
                                                                         Multi-billion barrel reserves potential
                                                                         Good oil quality: medium-light
          BM-S-8
          BR 66%
                                                                         Seismic activity and appraisal wells
                                                                         underway
                                                            Iara         Recoverable resources announced:
                                    Parati

                                                     Tupi
                                                                         5-8 bn boe in Tupi and 3-4 bn boe
                                                                         in Iara
                                 Carioca
                   Bem-te-vi
                                             Guara
                                                                         Three production systems by 2014:
BM-S-21
BR 80%                                                         BM-S-24   Tupi, Iara and Guara
                                 Azulão                        BR 80%
             Caramba
                                                     BM-S-9
                               BM-S-22               BR 45%
                               BR 20%




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                                                                                                               ESPÍRITO SANTO PRE-SALT


                                                  UTG Cacimbas
                                           Linhares
                         Rio Doce                                             Cangoá   Peroá
                                                                                               Infrastructure in-place
MG                               UPGN Lagoa Parda                                              P-34 at Jubarte field, first pre-salt production:
                                                                         24” – 66 km           excellent results, prod. up to 18 k b/d
                                 Aracruz                                 25 MM m3/d
              Terminal Barra do Riacho
                                                        Camarupim                              FPSO Seillean started in dec/08 as pilot
                                                                                  Canapu
                                                                                               system of Cachalote (CHT) field
                                                                     Golfinho
                                                                                               FPSO Capixaba will move from Golfinho field
                                             VITÓRIA
                                                            Carapó
                                                                                               to Cachalote/Baleia Franca (BFR) in 1H10
                                           Vila Velha

                                                                                               FPSO Pipa II will start in 2H10 as Baleia Azul
                                                                        Sul-Norte Capixaba
   UTG Sul Capixaba                             Sul Capixaba               Gas pipeline        (BAZ) pilot system
                             Guarapari
                                                Gas pipeline             12 a 24” – 160 km
                                                 12” – 83 km              7 a 15 MM m3/d
                                                4,5 MM m3/d
                                                                                               Baleia Azul first definitive production unit by
                      Anchieta
                                                                                               4Q12
Presidente
Kennedy        Marataizes

                                     CHT
                                                            ARG                                Natural gas production transported via pipeline
                                                              Baleia Franca
                                       JUB                          OST
                                                            NAU
RJ                           Baleia Azul                            ABA
                                  CXR
                                                      PRB

                                                                      Catuá




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                                                                     2020 PETROBRAS STRATEGIC & BUSINESS PLAN

                                                                                          MAJOR OIL PROJECTS

                              Marlim Sul
                              Module 2
                               SS P-51
   Thousand bpd              180,000 bpd
                              24/jan/09                                              Anticipation of
                                                                                        Baleia Azul
2800                        Marlim Leste
                                                                                          FPSO
                                                                  Marlim Sul            Espadarte
                           FPSO Cidade de                                              100,000 bpd
                               Niterói
                             100,000 bpd
                                                                   SS P-56                                      2,680
2600
           Badejo
                              26/feb/09
                                                  Tupi Pilot
                                                                   Module 3
                                                                  100,000 bpd                  2,580
                                                                                                         Roncador
                                                                                                        FPSO P-62
       FPSO Cidade Rio        Tupi TLD          FPSO Cidade de                                           Module 4
         das Ostras                              Angra dos Reis                                         100,000 bpd
2400                       FPSO BW Cidade                                2,430
         15.000 bpd                               100,000 bpd
                             de S.Vicente

                    
          31/mar08
                             30,000 bpd                             Jubarte                              Roncador
                                                         2,250    FPSO P-57                               SS P-55
2200                         FPSO Frade
                                                                  180,000 bpd
         Marlim Leste                                                                                    Module 3
                             100,000 bpd
          FPU P-53                                                                                      180,000 bpd
         180,000 bpd                               Cachalote e

                    
2000                                 2,050        Baleia Franca                                          Papa-Terra
          30/nov/08
                                                 FPSO Capixaba                                          TLWP P-61 &
                             Parque das           100,000 bpd                                            FPSO P-63
                              Conchas                                                                   150,000 bpd
1800               1,855
         Cachalote
                            FPSO Espírito
       FPSO Seillean                                                                                    Guará 1 Pilot
                               Santo
        25,000 bpd                                                                                         FPSO
1600     16/dec/08
                            100,000 bpd                                   Pre-Salt Projects            100,000 bpd




1400
            2008                2009                 2010           2011                 2012              2013
                                                                                                             PN 2009-2013

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Downstream Business Segment




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                                                     DOMESTIC CRUDE THROUGHPUT (THOUSAND BPD)

           Downstream Investments
              US$ 47.8 billion
                                                        •     Adding values to domestic crude and producing diesel and
                               12%                            gasoline in-line with international standards
Refining
                          7%

Pipelines & Terminal                                    •     Investment targets Fuel Quality, Conversion and Expansion
Transport            8%

Ship Transport
                                                                                     Premium I      Premium II    3,012
                                                                                    300 tho. bpd   300 tho. bpd
Petrochemicals                                 73%                                   1st Phase:     1st Phase:
                                                                                        2013           2014
                                                                                    2nd Phase:     2nd Phase:
                                                                                        2015           2016
                                                                      UPB
                                                                   150 tho. bpd       2,270
                                                                    Dez/2012

                                                       RNE
           1,779          1,791                       230 tho.
                                                        bpd
                                                       2011
                                      REPLAN          REPAR
                                      Revamp          Revamp
                                     33 tho. bpd     25 tho. bpd
                                        2010            2011




           2008            2009        2010            2011            2012           2013                        2020

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                             2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                                   NEW INVESTMENTS




                NEW REFINERIES

2008   2009   2010   2011   2012   2013     2014    2015   2016   2017


                                              Start up:end of 2.012

                                          Start up: 1 st quarter 2.011



                                          Start up 2013 and 2015

                                            Start up: 2013 and 2015




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                                                  2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                            NEW INVESTMENTS - PREMIUM REFINERIES



                                                         LPG                         5%
                                                        PETROCHEMICAL NAPHTHA        20%
    Feedstock oil basis: Marlim 20                       AVIATION QUEROSENE          11%
                                                          DIESEL
                                                                                     50%
                                                         PETROCHEMICAL COKE          8%
                                                          BUNKER                     3%



                         Premium I – MA                            Premium II - CE

Capacity                  600 mil bpd                               300 mil bpd

                          2013 e 2015                               2013 e 2015
Operation
                           (2 phases)                                (2 phases)




 Market                         GLP, Nafta e QAV (Brasil) e Diesel 10 ppm (Europa)




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                                                                        REFINERIES INVESTMENTS

                              2006   2007     2008    2009   2010     2011    2012   2013   2014   2015
REVAP - Propene
REPLAN - Propene
REDUC - HDT-NK
REPAR - Propene
REGAP - HDS-G
REGAP - HDT-NK
RPBC - HDS-G
RPBC - HDT-D
RPBC - HDT-NK
REVAP - Coke
RLAM - HDS-G (3.000)
REDUC - Coke
RLAM - HDS-G (5.000)
RPBC - Reforming
REDUC - HDS-G
REVAP - HDT-D
REVAP - HDT-NK
REGAP - Cogeneration
RECAP - HDS-G
RECAP - HDT-D
REPLAN - HDS-G 1
REPAR - HDS-G
REPAR - HDT-NK
REPAR - Reforming
REPAR - HDT-D
REPLAN - HDS-G 2
REVAP - HDS-G
REVAP - Reforming
RLAM - HDT-D
REPAR - Coke
REPAR - Solvents
LUBNOR - HDT-D
REPLAN - Reforming
REPLAN - HDT-NK
REDUC - HDT-D
REGAP - HDT-D
REPLAN - HDT-D
REPLAN - Optimization
RECAP - Preheating Battery
REMAN - HDS-NC
REMAN - HDT-D
REDUC - HDT-D S10
REPAR - HDT-D S10
REPLAN - HDT-D S10
REPLAN - HDT-Qav
REVAP - HDT-D S10
RLAM - HDT-D S10
REGAP - Propene
REDUC - HCC
REPAR - HCC
REPLAN - HCC




                       done                 present                 planned                          30
                                                                             2020 PETROBRAS STRATEGIC & BUSINESS PLAN

                                                                                                                     TERMINALS




                                                                 26 water terminals, operated by means of
                                                                 monobuoys or buoy arrays

                                                                 20 onshore terminals.




                                   INVESTMENTS IN LOGISTICS – PIPELINES AND TERMINALS

                                       Os investimentos previstos atendem às necessidades da
                                       carteira exploratória e de desenvolvimento da produção
                                       da Petrobras
Total Investments: US$ 3.7 billion between 2009-2013;
Main Projects:
      Storage extension in Santos and Paranaguá ports;
      Increase in effluents treatment in São Sebastião (TEBAR), São Fransisco do Sul (TEFRAN), Cabiúnas, Ilha Grande (TEBIG) and
     TEDUT Terminals;
      Implantation of the Program “Adequação de Suprimento de Petróleo” (PASP) and the Plano Diretor de Dutos, in São Paulo State,
     through interventions in the OSVAT and OSCAN Systems, and new pier for the São Sebastião Terminal;
      Improvements in the oil product outflow system in Santos and Paranaguá ports and Madre de Deus Terminal(TEMADRE).




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Petrochemical Business Segment




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                           2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                                       COMPERJ




Site: Itaboraí - RJ;

Capacity: 1300 kta ethylene; 700 kta P-Xylene; 881 kta
Propylene; 608 kta Benzene; 157 kta Butadiene

Total Investment: US$ 8.5 billion;

Feedstocks: Heavy crude oil from Campos basin;

Start up: 2012.




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                                             2020 PETROBRAS STRATEGIC & BUSINESS PLAN


                                                                  COMPERJ OUTPUTS


                            Production
                               (kta)                                 Production (kta)
                Products
                  UPB                            Products
                            1st Generation
                                                   UPA
                                                                       2nd Generation

                 Diesel         535
                                                 Polypropylene
    Fuels                                             (PP)                 850
                Naphtha         284
    (UPB)
                  Coke          700              Poliethylene
                                                     (PE)
                                                                           800

                Ethylene       1.300
                                                  Styrene                  500
                Propylene       881
Petrochemical
 Feedstocks     Benzene         608             Ethylene glicol            600
   (UPB)
                Butadiene       157
                                                     PTA                   500
                p-Xylene        700

                                                     PET                   600
                 Sulfur          45

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                COMPERJ MAP LOCATION




Itaboraí




                                           35

								
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