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    Jorge Camargo Presentation

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    The document summarizes the challenges and opportunities in Brazil's oil and gas sector. It outlines Brazil's significant oil and gas reserves, especially from pre-salt deposits, and investments of over $450 billion by 2020 to develop these resources. However, it also notes challenges such as regulatory issues, developing human resources and supply chains to support the industry, and technological hurdles in developing pre-salt fields located in ultra-deep waters over 2,000 meters deep. State-run Petrobras has taken a leading role in technological development for pre-salt exploitation.

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    Jorge Camargo Presentation

    Uploaded by

    cvrap99
    59 views14 pages
    The document summarizes the challenges and opportunities in Brazil's oil and gas sector. It outlines Brazil's significant oil and gas reserves, especially from pre-salt deposits, and investments of over $450 billion by 2020 to develop these resources. However, it also notes challenges such as regulatory issues, developing human resources and supply chains to support the industry, and technological hurdles in developing pre-salt fields located in ultra-deep waters over 2,000 meters deep. State-run Petrobras has taken a leading role in technological development for pre-salt exploitation.

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    The Brazilian Oil and Gas Sector: Challenges and Opportunities IBP

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    Jorge-Camargo-Presentation

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    The document summarizes the challenges and opportunities in Brazil's oil and gas sector. It outlines Brazil's significant oil and gas reserves, especially from pre-salt deposits, and investments of over $450 billion by 2020 to develop these resources. However, it also notes challenges such as regulatory issues, developing human resources and supply chains to support the industry, and technological hurdles in developing pre-salt fields located in ultra-deep waters over 2,000 meters deep. State-run Petrobras has taken a leading role in technological development for pre-salt exploitation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    59 views14 pages

    Jorge Camargo Presentation

    Uploaded by

    cvrap99
    The document summarizes the challenges and opportunities in Brazil's oil and gas sector. It outlines Brazil's significant oil and gas reserves, especially from pre-salt deposits, and investments of over $450 billion by 2020 to develop these resources. However, it also notes challenges such as regulatory issues, developing human resources and supply chains to support the industry, and technological hurdles in developing pre-salt fields located in ultra-deep waters over 2,000 meters deep. State-run Petrobras has taken a leading role in technological development for pre-salt exploitation.

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    The Brazilian Oil and

    Gas Sector:
    Challenges and
    Opportunities

    Jorge Camargo
    President
    About IBP

    Home of Our
    Industry

    244
    Associated member
    companies

    1500
    Volunteers
    Geologist Walter Link
    Carlos Walter Marinho Campos
    OTC Award 1992
    OTC Award 2015
    Petrobras

    OTC Distinguished Achievement Award for Companies

    This award recognizes Petrobras pre-salt development for their


    successful implementation of ultra-deepwater solutions and
    setting new water depth records.

    Petrobras increased their efforts in technology development to


    exploit this hard-to-access resource, in waters up to 2,200 m
    (7,200 ft). By the end of 2014, Petrobras was producing more
    than 700,000 bpd of oil in the pre-salt layer of the Campos and
    Santos basins.

    The oil and gas production in this challenging environment demanded the development of
    different riser systems, which were successfully applied and are now available for the
    industry. Additionally, Petrobras achieved a significant reduction in the drilling and
    completion time for wells.
    POTENTIAL OF THE PETROLEUM INDUSTRY IN BRAZIL

    •8,000 Km shoreline

    • 29 Sedimentary Basins - 6.4 million km²

    • 313 Concessions (82 offshore and 233


    onshore)
    • 25 operators
    • 8,994 wells (765 offshore and 8,229 onshore)
    IMPACTS OF THE PRE-SALT
    • Proven reserves of oil & gas (2013)
    17.97 bi BOE

    Oil (production) = 2.1 Mboe/day


    Gas (production) = 44.33 Mboe/day
    Import = 45.31 MMm³/day
    Consumption = 81.64 MMm³/day

    • Pre-salt Production: + 500 kboe/day


    IMPACTS OF THE PRE-SALT
    Current
    Future reserves
    reserves
    56.5 billion boe

    + = 18.0 proven
    11.5 pre-salt discoveries
    10.0 Libra
    5.0 onerous assignment
    18.0 12.0 onerous assignment surplus
    billion boe 27.5 to 38.5
    14th largest reserve 9th largest reserve

    Estimated investments: USD 450 bi by 2020

    Challenges
    Regulatory Human resources
    Financial Services
    Technological Logistics
    R&D Investments
    R,D&I Investments Obligations per year (US$)
    Petrobras Others Total
    500.000.000

    450.000.000

    400.000.000

    350.000.000

    300.000.000

    250.000.000

    200.000.000

    150.000.000

    100.000.000

    50.000.000

    0
    1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
    Source: SGP/ANP – Boletim
    Petrobras Others P&D
    (2014 1stQ)
    R&D Investments
    Annual estimated P&D investments obligation until 2023

    1,40

    1,20

    1,00
    Billions US $

    0,80

    1,30 1,25
    0,60 1,24
    1,16
    1,09 1,05
    0,90
    0,40 0,80
    0,71

    0,20
    0,46

    0,00
    2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

    Source: SPG e SPD - BoletimANP_janeiro 2014


    Challenges

    Brazil

    Bidding Rounds Local Content Environmental


    Continuation Regulation Licensing

    Single Legal
    Operator Stability
    Some successful projects
    Submarine Wather Oil Separation Permanent monitoring of 4D Seismic
    Field: Campo de Marlim (P-37) Field Jubarte (P-57)
    Depth: 1.000 m Depth : 1.300 m
    Operation: pre-operation since Mar/2013 Operation : since Feb/2013

    Raw Water Injection (RWI) Riser support float Submarine Multiphase Pump
    Field Albacora (P-25) Field Sapinhoá (Pre-Sal) Field Barracuda (P-43)
    Depth : 575 m Depth : 2.200 m Depth : 1.040m
    Operation : pre-operation since Operation : 3T/2013 Operation : since Jul/2012
    Oct/2012
    “Brazil is not for beginners”
    Tom Jobim

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