Opportunities for the Norwegian industries in Mexico Sven Feldhaus, Country Manager Trondheim| 18. January 2018
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 •
Offshore O&G expenditure 2018-21 per market Source: Rystad Energy 2017 Annual Offshore Oil & Gas Market Report for NORWEP
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
Mexico – Oil & Gas Industry First oposition party wins Nationalization Discovery of Great Energy of Oil & Gas Cantarell Financial Presidency Reform since 1910 Industry Reservoir Crisis 1938 Single National Oil 1978 Significant 1994 2000 2014 Company Production Dissolution of Oil Growth & Gas Monopoly Inefficiencies settle in Birth of Offshore O&G Industry in Mexico
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
Pemex – Organization and Locations Locations: Corporate: Mexico City • Operational Upstream: Villahermosa • Ciudad del Carmen • Chief Executive Officer (Carlos Alberto Treviño Medina) Poza Rica • Planning, Coordination and Performance Information Tecnologies Partnerships and New Business Finance Administration and Services Procurement and Supply Legal Internal Audit Cogeneration and Drilling & Other Exploration & Industrial Ethylene Fertilizers Logistics Services Services Production Transformation
Projects and Budget 2018 Region / Assigned Budget No. Code Project Name Description Production Asset (MUSD) b Located in front of the coasts of Campeche and Tabasco in the Gulf of Mexico. Includes the fields: Ku, Maloob, Zaap, Northeast Marine Bacab, Lum, Ayatsil, Tekel and Pit. Contemplates pressure maintenance, infrastructure development and extra heavy oil 1 039 98 039 Ku-Maloob-Zaap 2,313 / Ku-Maloob-Zaap management. Integrated by the fields: Abkatun, Chuc, Pol, Caan, Kanaab, Batab, Tumut, Homol, Che, Chuhuk, Etkal, kuil, Onel, Pokoch, Southwest 2 101 01 099 Chuc Uchak y Wayil. Includes the exploitation and fields maintenance, drilling of production wells, extend the pneumatic Marine / 1,037 pumping network and improve the recovery process in Chuc. Abkatun-Pol-Chuc Located in front of the coasts of Tabasco and Campeche, approximately 75km Northeast to the Terminal Maritima Dos Southwest Bocas. Considers development and exploitation of 12 fields: Sinan, May, Bolontoku, Kab, Yum, Citam, Mison, Nal, Ichalkil, Marine / Litoral 3 1218T4L0021 Marine Light Oil 702 Och, Uech y Kax. Tabasco Development and exploitation of the oil and associated gas reservoirs in the Ek and Balam fields, found in the Upper 4 S/CVE CE Ek-Balam - 688 Jurassic Oxfordian period continuing with the exploitation from reservoirs at the Upper Cretaceous Breach. Contemplates drilling activities, mayor and minor well interventions, pressure maintenance through N2 injection and sour Northeast Marine 5 020 96 020 Cantarell 594 gas, infrastructure construction to take gas advantage and crude oil dehydration. / Cantarell Located at shallow waters in front of Campeche and Tabasco. This project is considered for the incorporation of reserves, Southwest 6 1218T4L0013 Chalabil Exploration 276 with expected oil and gas hydrocarbons. The estimated prospect resources are of 4,490 million boe. Marine / NA Southwest Located 20km Northeast to the Terminal Maritima Dos Bocas. Integrated by the fields Yaxche and Xanab. Requires Marine / Litoral 7 109 01 107 Yaxche 273 additional investment to finish the infrastructure for development, maintenance and well operation. Tabasco Southwest Contribute with the commitment of aimed production and crude oil quality in the period 2015-2039, incorporating a 8 1218T4L0017 Tsimin-Xux Marine / Litoral 208 volume of around 404 million boe and 2,630 billion cubic feet of gas. Tabasco Incorporate light oil hydrocarbons reserves of around 372 million boe, searching the extension of the stablished reservoirs Southwest and evaluate the petroleum potential associated to Mesozoic and Cenozoic Eras by wells drilling and studies that 9 S/CVE Uchukil Phase II 200 Marine / NA integrate the geological and geophysical information. The West Campeche Project is located in the marine portion of the Southeast Basins in front of the coasts of Campeche. West Campeche Northeast Marine 10 1118T4L0002 The expected hydrocarbons to be incorporated are light and heavy oils from reservoirs constituted by carbonated rocks 114 Exploration / NA mainly from the Mesozoic Era. 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.
Round Results 1.1, 1.2, 1.4, 2.1 1.1 1.2 1.4 2.1 https://www.gob.mx/cnh/
New Players – Round 1.1 Round 1.1: 14 Shallow water areas covering a total of 4,222 km 2 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.
New Players – Round 1.2 Round 1.2: The second bid from license round one consisted in 5 shallow water areas covering 278.5 km 2 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.
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 km 2 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.
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 km 2 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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