The document discusses Petrobras' supply chain challenges for developing Brazil's pre-salt oil reserves. It notes that critical resources like equipment, human resources, and rising costs present challenges. Petrobras is addressing these by aggressively contracting new rigs, vessels, and long-term agreements with suppliers. It is also supporting expanded industry capacity and employee training programs. Details are provided on new rigs and vessels to be contracted through 2017 to develop the pre-salt fields offshore Brazil.
Services - GMAC Annual and Fourth Quarter Earnings
GMAC reported full year net income of $2.1 billion in 2006, down from $2.3 billion in 2005. The residential mortgage market experienced a slowdown due to declining home prices and weakness in nonprime credit. Auto finance results were stable despite one-time costs. Insurance reported record earnings through robust underwriting. ResCap results were negatively impacted by $839 million due to homebuilder equity sales and nonprime mortgage market deterioration.
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...
The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
The document is Unum Group's statistical supplement for the fourth quarter of 2007. It includes financial highlights, income statements, sales data, and balance sheets. Some key details are:
- Net income for Q4 2007 was $160.5 million compared to $276.1 million in Q4 2006.
- Premium income for 2007 was $7.901.1 billion compared to $7.948.2 billion in 2006.
- Total sales decreased 4.3% to $379 million in Q4 2007 from $396.2 million in Q4 2006.
- Total assets as of December 31, 2007 were $52.432.7 billion.
This document provides financial highlights and statistical data for Unum Group for the first quarter of 2007. Some key details include:
- Premium income was $1.944 billion for the first quarter of 2007, down slightly from $1.970 billion in the same period of 2006.
- Net income was $178.3 million for the first quarter of 2007, up significantly from $73.4 million for the first quarter of 2006.
- Total assets as of March 31, 2007 were $52.324 billion, up slightly from $50.471 billion as of March 31, 2006.
- The document provides segmented financial results and statistics for Unum US, Unum UK, Colonial, Individual
unum group 8_1_1_2Q07StatisticalSupplementandNotes
The document is a statistical supplement from Unum Group providing financial highlights and results for the second quarter and first half of 2007, as well as annual results for 2006, 2005, and 2004. Some key details include:
- Premium income for the second quarter was nearly $2 billion, similar to the prior year. Net income increased 23% to $153 million compared to the second quarter of 2006.
- Segment operating revenue for the first half of 2007 was over $5 billion, a slight increase from the prior year. Net income increased 68% to $332 million for the first six months of 2007.
- Total assets exceeded $52 billion as of June 30, 2007, an increase from the end of
citigroup Financial Supplement July 18, 2008 - Second Quarter
- Citigroup reported a net loss of $2.5 billion in 2Q08, compared to net income of $6.2 billion in 2Q07, as revenues declined 29% while credit costs rose.
- Total revenues were $18.7 billion in 2Q08, down 29% from 2Q07, as non-interest revenues fell 71% due to losses in principal transactions and lower commissions and fees.
- Provisions for credit losses and benefits and claims increased to $7.2 billion in 2Q08 from $2.7 billion in 2Q07, driven by higher loan loss provisions.
- All business segments except Latin America reported lower net income, with Global Cards down
This document summarizes Raytheon's financial results for the fourth quarter and full year of 2008. Key points include: Raytheon reported solid financial results for Q4 and full year 2008, with record backlog of $38.9 billion; Q4 sales were $6.1 billion and adjusted EPS was $1.13; Full year sales grew 9% to $23.2 billion and adjusted EPS grew 23% to $4.06; Raytheon reaffirmed its financial guidance for 2009 and expects continued growth.
public serviceenterprise group 2Q_2008_Webcast_Slides_FINAL
PSEG reported lower earnings for Q2 2008 compared to Q2 2007. Operating earnings were $324 million versus $281 million last year. However, the company recorded a $490 million reserve related to a lease transaction, resulting in a reported net loss of $150 million. Key drivers for the lower operating results included higher O&M costs and depreciation expense partially offset by improved performance at PSEG Power due to contract roll-offs and higher energy prices. PSEG maintained its full-year earnings guidance range of $2.80-$3.05 per share.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document provides a summary of AES Corporation's financial results for the second quarter of 2008. Some key highlights include:
- Increased full year adjusted EPS guidance to $1.16 per share.
- Reported Q2 2008 adjusted EPS of $0.17, including foreign currency losses.
- Began construction on four new power projects totaling 954 MW in three countries.
- Expanded wind platform in China and registered the company's first greenfield methane recovery project in Malaysia.
This document summarizes information about Brazil's pre-salt reservoirs presented at the PRE SALT TECH 3rd Annual conference in April 2014. It describes the geology and characteristics of pre-salt reservoirs, the main technological challenges of exploiting them, and provides an overview of exploration and production activities and operators in the Campos and Santos basins. Production from pre-salt reservoirs had reached 127 million barrels of oil by 2012 and was forecasted to grow substantially with development of large new fields like Libra.
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...
Petrobras is a major international oil company headquartered in Brazil. It has over 500,000 shareholders worldwide and is 60% owned by private investors. Petrobras has proven oil and gas reserves of over 13.9 billion barrels of oil equivalent. The company is investing heavily to increase production, with a goal of producing over 2.4 million barrels per day of oil and natural gas by 2012.
O documento resume o currículo de Lincoln Weinhardt, engenheiro mecânico que atuou em diversas posições na Petrobras, incluindo gerente de planejamento de projetos, comunicações e segurança da informação.
Opportunities for Investments in the Brazilian Oil & Gas Industry & 1st. Pre-...
Opportunities for Investments in the Brazilian Oil & Gas Industry & 1st. Pre-salt Round
Roadshow da 1ª Rodada do Pré-sal - Institute of Directors - Londres/Inglaterra
Palestrante: Magda Chambriard, Diretora-geral da ANP
09/07/2013
"Petrobras Domestic E&P - Results and Perspectives"
The document provides an overview of Petrobras' domestic exploration and production strategy and operations. Key points include:
- Petrobras aims to increase production and reserves by strengthening expertise in deep waters and optimizing recovery from existing fields.
- As of 2005, Petrobras had proven reserves of 11.8 billion barrels of oil equivalent and produced 1,958 thousand barrels of oil equivalent per day.
- Production is forecasted to increase to 4,556 thousand barrels of oil equivalent per day by 2015, with oil and natural gas production both growing substantially.
- Petrobras seeks to guarantee long-term energy self-sufficiency for Brazil through sustainable reserve replacement and production growth.
The document discusses Petrobras' growing investments and production challenges and opportunities. Petrobras plans to invest over $200 billion between 2008-2012 to develop major new oil fields, increasing production from around 2 million barrels per day currently to over 4 million barrels per day by 2012. This will require contracting numerous offshore drilling rigs, vessels, equipment and expanding infrastructure. The company is also promoting programs to develop Brazil's national oil and gas industry to supply the growing needs.
This document discusses the challenges of unitizing oil and gas reservoirs that span multiple contractual agreements in Brazil's pre-salt area. It notes there are currently three types of international petroleum agreements - concessions, onerous assignments, and production sharing agreements. Unitizing these different agreements introduces complexities around issues like local content requirements, government take, fiscal regimes, and operatorship. The document analyzes two hypothetical unitization scenarios and potential solutions to problems that may arise, though it notes more specific contractual and regulatory analysis is needed. Overall, unitizing pre-salt reservoirs with multiple agreement types presents significant technical and legal challenges under Brazil's framework.
This document summarizes Chevron's fourth quarter 2008 earnings conference call. It discusses Chevron's Q4 2008 earnings of $4.9 billion and earnings per share of $2.44. It also provides details on Chevron's 2008 return on capital employed, debt ratio, and share repurchases. The document reviews Chevron's Q4 2008 earnings performance across its upstream, downstream, and other segments and discusses its 2009 capital and exploratory budget and production outlook.
unum group 1Q 08_Statistical_Supplement_Notesfinance26
The document is Unum Group's statistical supplement for the first quarter of 2008. It includes financial highlights showing metrics such as premium income, revenues, income, assets and equity. It also includes segment operating results, quarterly historical results by segment, financial results and statistics by business segment (Unum US, Unum UK, Colonial Life, etc.), reserves data, investment information and statutory basis financial information. The supplement provides detailed quarterly and annual financial information about Unum Group to analyze performance by business segment.
This document provides a summary of Fannie Mae's 2007 10-K investor report. It includes tables showing Fannie Mae's consolidated financial results for 2007 compared to 2006. Net interest income, guaranty fee income, and other revenue were down in 2007 from the prior year due to the severe housing crisis. Fannie Mae reported a net loss in 2007 driven by credit-related expenses from losses on mortgages and mortgage-backed securities. While facing significant challenges from the troubled housing market, Fannie Mae met its obligations under a consent agreement with regulators and remained focused on protecting its capital position.
Services - GMAC Annual and Fourth Quarter Earnings finance8
GMAC reported full year net income of $2.1 billion in 2006, down from $2.3 billion in 2005. The residential mortgage market experienced a slowdown due to declining home prices and weakness in nonprime credit. Auto finance results were stable despite one-time costs. Insurance reported record earnings through robust underwriting. ResCap results were negatively impacted by $839 million due to homebuilder equity sales and nonprime mortgage market deterioration.
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...finance36
The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
unum group 4Q 07_Statistical_Supplement_and_Notesfinance26
The document is Unum Group's statistical supplement for the fourth quarter of 2007. It includes financial highlights, income statements, sales data, and balance sheets. Some key details are:
- Net income for Q4 2007 was $160.5 million compared to $276.1 million in Q4 2006.
- Premium income for 2007 was $7.901.1 billion compared to $7.948.2 billion in 2006.
- Total sales decreased 4.3% to $379 million in Q4 2007 from $396.2 million in Q4 2006.
- Total assets as of December 31, 2007 were $52.432.7 billion.
This document provides financial highlights and statistical data for Unum Group for the first quarter of 2007. Some key details include:
- Premium income was $1.944 billion for the first quarter of 2007, down slightly from $1.970 billion in the same period of 2006.
- Net income was $178.3 million for the first quarter of 2007, up significantly from $73.4 million for the first quarter of 2006.
- Total assets as of March 31, 2007 were $52.324 billion, up slightly from $50.471 billion as of March 31, 2006.
- The document provides segmented financial results and statistics for Unum US, Unum UK, Colonial, Individual
unum group 8_1_1_2Q07StatisticalSupplementandNotesfinance26
The document is a statistical supplement from Unum Group providing financial highlights and results for the second quarter and first half of 2007, as well as annual results for 2006, 2005, and 2004. Some key details include:
- Premium income for the second quarter was nearly $2 billion, similar to the prior year. Net income increased 23% to $153 million compared to the second quarter of 2006.
- Segment operating revenue for the first half of 2007 was over $5 billion, a slight increase from the prior year. Net income increased 68% to $332 million for the first six months of 2007.
- Total assets exceeded $52 billion as of June 30, 2007, an increase from the end of
- Citigroup reported a net loss of $2.5 billion in 2Q08, compared to net income of $6.2 billion in 2Q07, as revenues declined 29% while credit costs rose.
- Total revenues were $18.7 billion in 2Q08, down 29% from 2Q07, as non-interest revenues fell 71% due to losses in principal transactions and lower commissions and fees.
- Provisions for credit losses and benefits and claims increased to $7.2 billion in 2Q08 from $2.7 billion in 2Q07, driven by higher loan loss provisions.
- All business segments except Latin America reported lower net income, with Global Cards down
This document summarizes Raytheon's financial results for the fourth quarter and full year of 2008. Key points include: Raytheon reported solid financial results for Q4 and full year 2008, with record backlog of $38.9 billion; Q4 sales were $6.1 billion and adjusted EPS was $1.13; Full year sales grew 9% to $23.2 billion and adjusted EPS grew 23% to $4.06; Raytheon reaffirmed its financial guidance for 2009 and expects continued growth.
public serviceenterprise group 2Q_2008_Webcast_Slides_FINALfinance20
PSEG reported lower earnings for Q2 2008 compared to Q2 2007. Operating earnings were $324 million versus $281 million last year. However, the company recorded a $490 million reserve related to a lease transaction, resulting in a reported net loss of $150 million. Key drivers for the lower operating results included higher O&M costs and depreciation expense partially offset by improved performance at PSEG Power due to contract roll-offs and higher energy prices. PSEG maintained its full-year earnings guidance range of $2.80-$3.05 per share.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document provides a summary of AES Corporation's financial results for the second quarter of 2008. Some key highlights include:
- Increased full year adjusted EPS guidance to $1.16 per share.
- Reported Q2 2008 adjusted EPS of $0.17, including foreign currency losses.
- Began construction on four new power projects totaling 954 MW in three countries.
- Expanded wind platform in China and registered the company's first greenfield methane recovery project in Malaysia.
This document summarizes information about Brazil's pre-salt reservoirs presented at the PRE SALT TECH 3rd Annual conference in April 2014. It describes the geology and characteristics of pre-salt reservoirs, the main technological challenges of exploiting them, and provides an overview of exploration and production activities and operators in the Campos and Santos basins. Production from pre-salt reservoirs had reached 127 million barrels of oil by 2012 and was forecasted to grow substantially with development of large new fields like Libra.
Julho-2008 Theodore M. Helms, Marcos Vinicius Guimarães - Petrobras at a gla...Petrobras
Petrobras is a major international oil company headquartered in Brazil. It has over 500,000 shareholders worldwide and is 60% owned by private investors. Petrobras has proven oil and gas reserves of over 13.9 billion barrels of oil equivalent. The company is investing heavily to increase production, with a goal of producing over 2.4 million barrels per day of oil and natural gas by 2012.
O documento resume o currículo de Lincoln Weinhardt, engenheiro mecânico que atuou em diversas posições na Petrobras, incluindo gerente de planejamento de projetos, comunicações e segurança da informação.
Opportunities for Investments in the Brazilian Oil & Gas Industry & 1st. Pre-salt Round
Roadshow da 1ª Rodada do Pré-sal - Institute of Directors - Londres/Inglaterra
Palestrante: Magda Chambriard, Diretora-geral da ANP
09/07/2013
"Petrobras Domestic E&P - Results and Perspectives" Petrobras
The document provides an overview of Petrobras' domestic exploration and production strategy and operations. Key points include:
- Petrobras aims to increase production and reserves by strengthening expertise in deep waters and optimizing recovery from existing fields.
- As of 2005, Petrobras had proven reserves of 11.8 billion barrels of oil equivalent and produced 1,958 thousand barrels of oil equivalent per day.
- Production is forecasted to increase to 4,556 thousand barrels of oil equivalent per day by 2015, with oil and natural gas production both growing substantially.
- Petrobras seeks to guarantee long-term energy self-sufficiency for Brazil through sustainable reserve replacement and production growth.
The document discusses Petrobras' growing investments and production challenges and opportunities. Petrobras plans to invest over $200 billion between 2008-2012 to develop major new oil fields, increasing production from around 2 million barrels per day currently to over 4 million barrels per day by 2012. This will require contracting numerous offshore drilling rigs, vessels, equipment and expanding infrastructure. The company is also promoting programs to develop Brazil's national oil and gas industry to supply the growing needs.
This document discusses the challenges of unitizing oil and gas reservoirs that span multiple contractual agreements in Brazil's pre-salt area. It notes there are currently three types of international petroleum agreements - concessions, onerous assignments, and production sharing agreements. Unitizing these different agreements introduces complexities around issues like local content requirements, government take, fiscal regimes, and operatorship. The document analyzes two hypothetical unitization scenarios and potential solutions to problems that may arise, though it notes more specific contractual and regulatory analysis is needed. Overall, unitizing pre-salt reservoirs with multiple agreement types presents significant technical and legal challenges under Brazil's framework.
Brazil petroleum and natural gas market outlook to 2016 executive summaryAMMindpower
The report titled “Brazil Petroleum and Natural Gas Market Outlook to 2016 - Opportunities in Pre-Salt Region” provides a comprehensive analysis of market size of petroleum and natural gas industry on the basis of petroleum industry and natural gas industry.
Pre-Salt Oil - Developing The Frontier | CEO José Sergio Gabrielli de Azevedo...Petrobras
The document summarizes key points about Brazil's pre-salt oil development:
1) Pre-salt oil fields have had a short lag between discovery and first oil production, and are projected to ramp up production faster than other frontier developments like the Gulf of Mexico or North Sea.
2) Santos Basin pre-salt development from 2006-2010 included infrastructure build-out and multiple discoveries.
3) Further development from 2011-2016+ includes additional pipelines, production units, rigs, and discoveries to enable faster ramp-up to full capacity.
4) While capital costs are similar to deepwater Campos Basin projects, pre-salt may have higher drilling/completion costs partially offset by larger reserves
Outlook of oil and gas in Brazil - Kormarine 2013Claudio A. Pinho
The document discusses the oil and gas industry and opportunities in Brazil, presented by Claudio A. Pinho on October 23, 2013. It provides information on Brazil's regulatory framework for oil and gas, bidding rounds conducted by ANP, opportunities for suppliers, the current scenario and perspectives, offshore infrastructure including an offshore nautical hub, local content policies, and challenges for doing business in Brazil such as bureaucracy, taxes, and local content requirements.
Edition 41 - Sharing in Petrobras - March/2014Petrobras
- Strategic Plan: horizon 2030
- 2014-2018 Business and Management Plan
- Declaration of commerciality in Transfer of Rights areas
- Libra Consortium
- Capital raising abroad
- 2013 net income was R$ 23.6 billion
- Oil and natural gas output expected to rise 7.5% in 2014
- Record in the pre-salt: 412,000 barrels/day
- Rising output at Cascade and Chinook
- New regasification terminal in Bahia
- Petrobras returns to F1 with Willians Martini Racing
- Cenpes turns 50
- Ultra-low sulfur gasoline launched in Brazil
01.06.2009 Presentation of Investor Relations Executive Manager, Theodore M....Petrobras
Petrobras is a large, integrated energy company headquartered in Brazil. It operates across the entire oil and gas value chain, including exploration and production, refining, transportation and marketing. Some key points:
- Petrobras has significant oil and gas reserves, especially in large pre-salt fields located off the coast of Brazil. It is investing heavily to develop these reserves.
- Production is expected to grow substantially through 2020 as more pre-salt and other new fields come online, especially in Brazil.
- Petrobras maintains financial discipline and targets an investment-grade credit rating. It carefully plans investments to support growth while managing leverage.
- The company has a dominant position in Brazil
What lessons can be learned, onshore wind and frackingdaniel edwin
This document discusses lessons that can be learned from the deployment of onshore wind technology in the UK that may be applicable to the developing UK shale gas sector. Onshore wind faced significant opposition during its deployment over the last few decades. Shale gas deployment is anticipated to require many installations and associated infrastructure similar to onshore wind. Key lessons include: ensuring public participation in decision making; providing tangible community benefits; and addressing concerns that are legitimate rather than assuming they are merely NIMBYism. Careful planning and engagement can help shale gas avoid facing the same barriers to deployment that onshore wind has experienced.
The document discusses Brazil's large pre-salt oil and natural gas reserves located deep beneath the ocean floor and the challenges and opportunities they present. Brazil's pre-salt reserves are estimated to increase oil production to 8 million barrels per day. Developing these reserves will require huge investments, estimated at $600 billion over 30 years. As Brazil's production grows, it has signed agreements to sell excess oil to China and the United States. The document also discusses potential pre-salt reserves off the coast of Africa and how Brazil's experience developing its own pre-salt fields could benefit Africa going forward.
The document summarizes eni's operations in Africa. It discusses eni's history of over 50 years of operations in Africa, how production has grown from 1,000 kb/d in the 1970s to over 13,000 kb/d currently. It identifies key assets and new areas for growth, including developments in Algeria, Libya, West Africa, Mozambique, and South Africa. The document also outlines eni's six-pronged business model for operations in Africa and growth through integration of oil and gas activities.
Antonio Carlos Pinto - "Pre-Salt: Challenges and Opportunities for the Brazil...Petrobras
- History: Petrobras has had major oil discoveries in Brazil's pre-salt province since the late 1990s and has pursued an aggressive exploration and development strategy focused on these reserves.
- Development Strategy: Petrobras' strategy involves phased development beginning with appraisal wells and pilots and ramping up to over 1 million barrels per day of production by 2016 utilizing new technologies.
- Opportunities: The pre-salt reserves provide opportunities for Petrobras to invest heavily in new technologies, local content policies, and partnerships to develop the challenging deepwater fields while doubling Brazilian oil production over the next decade.
The document discusses Santos Basin development plans from 2012-2016 and through a 2020 strategic plan. It summarizes that the company plans to develop 38 new production systems through 2020, with 25 located in the Santos Basin and 24 in the pre-salt area. It presents charts showing Brazil's projected oil and natural gas production curves from 2017-2020, with production expected to increase through development of pre-salt reservoirs and new discoveries.
This document provides an update on Brazil's pre-salt oil and gas reserves. It summarizes key developments including increasing production from pre-salt fields in the Campos and Santos basins through expanded drilling and new production units coming online. Production has ramped up significantly from initial test wells to over 700,000 barrels per day currently. New technologies have been applied including deeper wells and new types of risers. Pre-salt fields provide competitive production costs and represent Brazil's role in global energy supply.
This document provides an overview of Mitsubishi UFJ Securities Brazil Day Conference in 2008. It includes the following key points:
1) Petrobras has operations across the oil and gas value chain including exploration and production, refining, distribution, petrochemicals, gas and energy, and biofuels.
2) In 2007, exploration and production accounted for over 80% of Petrobras' income from operations.
3) Petrobras' strategy is focused on integrated growth across its businesses and expanding operations in South America.
4) Petrobras has a balanced portfolio with both upstream and downstream operations. It has over 13 billion barrels of oil reserves and operates 11 ref
Petrobras held its "Brazil Day" conference in 2008 to provide information on its operations and strategy. The document discusses Petrobras' financial results, integrated operations across exploration, production, refining, distribution and other areas. It outlines the company's commitment to sustainable development and expanding operations both domestically in Brazil and internationally. Key projects discussed include major new offshore oil field developments in Brazil's prolific pre-salt province.
18.11.2008 Apresentação do Diretor Financeiro e de Relacões com Investidores...Petrobras
Petrobras held its "Brazil Day" conference in 2008 to provide information on its operations and strategy. The document discusses Petrobras' financial results, integrated operations across exploration, production, refining, distribution and other areas. It outlines the company's goal of sustainable growth across key markets in Brazil and internationally through expanding production and reserves, and developing natural gas and other energy markets. Major projects underway from 2007-2012 are also highlighted to increase oil and gas production capacity.
Petrobras held its annual CEO Energy/Power Conference in September 2008. The presentation provided an overview of Petrobras' corporate organization, key operating results from 2005-2007, recent oil and gas discoveries in Brazil from 2002-2007 including major pre-salt finds, and major projects planned from 2007-2012 aimed at increasing production capacity. It also discussed Petrobras' focus on developing Brazil's domestic supply chain and workforce to support its growing operations.
Petrobras held its annual CEO Energy/Power Conference in September 2008. The presentation provided an overview of Petrobras' corporate organization, key operating results from 2005-2007, recent oil and gas discoveries in Brazil from 2002-2007 including major pre-salt finds, and major projects planned from 2007-2012 aimed at increasing production capacity. It also discussed Petrobras' focus on developing Brazil's domestic supply chain and workforce to support its growing operations.
Satellite TV dishes on tens of millions of homes and seamless global telephone service are some developing markets driving a $70 billion satellite and wireless industry. Hughes is uniquely positioned to take advantage of opportunities in this industry due to its leadership in satellite and wireless systems, proven record of innovation, strong finances, and highly skilled workforce.
This document summarizes Pfizer's fourth quarter 2007 earnings teleconference. It reports that Pfizer exceeded its 2007 revenue and EPS guidance. Key highlights included:
- Revenue increased 4% year-over-year in Q4 2007 and 1% for full year 2007. Adjusted diluted EPS increased 21% in Q4 2007 and 7% for full year.
- New products like Chantix, Lyrica and Sutent grew substantially and partially offset declines from products that lost exclusivity.
- 2008 guidance was increased, with revenue range increased and bottom end of EPS guidance also increased.
- Cost reduction initiatives continued to reduce expenses, with further savings expected in 2008.
Viacom reported financial results for the first quarter of 2008 that showed increases in revenue, operating income, and earnings per share compared to the first quarter of 2007. Revenue grew 15% to $3.117 billion. Operating income increased 29% to $567 million. Diluted earnings per share from continuing operations rose 45% to $0.42. Media Networks and Filmed Entertainment, Viacom's two business segments, both saw revenue growth for the quarter despite lower theatrical revenues at Filmed Entertainment. Viacom also provided guidance for 2008-2010 of low double-digit annual growth in diluted earnings per share from continuing operations.
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
The Shaw Group reported strong revenue and earnings from operations in the first quarter of fiscal year 2009, excluding impacts from Westinghouse. However, the company reported a $161 million non-cash loss due to foreign exchange impacts on Westinghouse yen bonds as the yen continued to appreciate against the dollar. Shaw also signed its largest ever contract, a nuclear EPC deal with Progress Energy Florida, after the close of the quarter. Segment results were mixed, with continued growth in Fossil & Nuclear, E&C, and E&I, while Maintenance revenues grew but margins declined and F&M margins fell due to changes in product mix.
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
The Shaw Group reported strong revenue and earnings from operations in the first quarter of fiscal year 2009, excluding impacts from Westinghouse. However, the company reported a $161 million non-cash loss due to foreign exchange impacts on Westinghouse yen bonds as the yen continued to appreciate against the dollar. Shaw also signed its largest ever contract, a nuclear EPC deal with Progress Energy Florida, after the close of the quarter. Segment revenues increased across Fossil and Nuclear, E&C, E&I, and F&M, though some segments saw lower margins due to project mix changes.
This document summarizes Viacom's financial results for the third quarter of 2008. Revenues increased 4% year-over-year to $3.4 billion. Operating income decreased 15% to $689 million due to an 11% increase in expenses. Adjusted net earnings decreased 22% to $339 million, while adjusted diluted EPS decreased 15% to $0.55. Free cash flow was $564 million for the quarter compared to a significant decrease year-to-date. Total debt was $8.95 billion as of September 30, 2008, while cash on hand was $525 million.
This document summarizes Viacom's financial results for the second quarter and first half of 2008. Key highlights include:
- Revenues for Q2 2008 increased 21% to $3.9 billion and increased 18% to $7 billion for the first half.
- Operating income for Q2 2008 increased 13% to $792 million and increased 19% to $1.4 billion for the first half.
- Earnings per share from continuing operations for Q2 2008 increased 2% to $0.64 and increased 15% to $1.06 for the first half.
- Media Networks revenues increased 11% in Q2 2008 and 14% for the first half, driven by increases in affiliate fees
This document provides annual performance ratios for E.I. DuPont de Nemours and Company for the years 2007-2003. It includes metrics such as total stockholder return, price-to-earnings ratios, dividend payout ratios, return on equity, return on invested capital, debt ratios, and interest coverage. Reconciliations are also provided to calculate ratios before significant items in order to provide adjusted figures.
The document discusses Aegean Marine Petroleum Network Inc.'s Q4 2012 financial results and outlook. It highlights that sales volumes increased 6.2% in Q4 2012 compared to Q4 2011. While gross profit declined slightly year-over-year, EBITDA adjusted for asset sales increased 13.5% for the full year. The company has built-in capacity to further scale its business through a modern, largely double-hull fleet and growing marine lubricant business. Gross profit is driven by both sales volumes and gross spread per metric ton.
This document summarizes CCR's 2Q09 results. It reports that EBITDA increased 23.9% in 2Q09 and 18.3% in 1H09 compared to the previous year. Net income increased 28.2% in 2Q09 and 11.1% in 1H09. Traffic grew 18.1% in 2Q09 and 17.2% excluding recent acquisitions. The number of electronic payment tags increased 48%. CCR concluded issuing $598 million in debentures and approved a dividend payment of $507.9 million. The document also provides details on financial results, business dynamics, indebtedness, traffic trends and debt amortization.
EDP Energias do Brasil reported its 2Q09 results. Key highlights include: 4%
- EBITDA of R$344 million and net income of R$213 million
- Energy volume sold by generation business up 29% year-over-year 18%
- Unveiling of full commercial operations at Santa Fé SHP
- Net revenue fell 1% due to elimination of Enersul figures 78%
- Manageable expenses down 12% for the sixth quarter in a row
- Approval and signature of long-term financing for Pecém I project
Bonds
BNDES/IDB
The presentation provides financial and operational details on EDP
The Progressive Corporation reported strong financial results for the first half of 2004, with net income of $846.3 million, up 46% from the same period in 2003. Net premiums earned grew 18% to $6.3 billion due to a 12% increase in net premiums written. The combined ratio was 84.3%, substantially better than industry averages. Progressive expects growth to slow as fewer customers actively shop for better rates in the stable market conditions. The company made progress on initiatives to improve claims handling and customer service.
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1) CCR reported strong financial results for 2Q08 and 1H08, with net revenue growth of 14.3% and 14.0% respectively, and net income growth of 13.3% and 13.6% respectively.
2) Traffic grew 9.4% in 2Q08 and 8.4% in 1H08, demonstrating continued growth in the business.
3) CCR continues to focus on expanding its concessions portfolio through investments in existing assets and pursuing new concession opportunities.
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- Petrobras held its annual investor day in 2018 to discuss the company's performance and future plans
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FORWARD-LOOKING STATEMENTS:
DISCLAIMER
The presentation may contain forward-looking statements about future events within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, that are not based on historical facts and are not assurances of future results. Such forward-looking statements merely reflect the Company’s current views and estimates of future economic
circumstances, industry conditions, company performance and
financial results. Such terms as "anticipate", "believe", "expect",
"forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from
actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company’s most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements,
including, among other things, risks relating to general economic
and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and
gas reserves including recently discovered oil and gas reserves,
international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing.
Este documento descreve:
1) As previsões contidas na apresentação envolvem riscos e incertezas e não são garantias de resultados futuros.
2) A companhia não se obriga a atualizar previsões com novas informações.
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15 09-2008 Almir Guilherme Barbassa - Supply Chain for the Pre-salt Development-no Brasil (somente em inglês)
1. Almir G. Barbassa
Chief Financial Officer
Rio de Janeiro, September 2008
Supply Chain for the Pre-Salt
Development
1
2. DISCLAIMER
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.
2
3. CORPORATE ORGANIZATION AND KEY OPERATING RESULTS
Exploration & Downstream Gas &
Distribution International Biofuels
Production (Supply) Energy
Petrochemicals
Income from Operations(2)
Distribution
Summary Financials (US$ billion) 3%
Downstream
2006 2007 LTM 16%
Net Revenues 72.3 87.7 108.6
EBITDA 22.9 25.3 31.8
2006 2007 1H08
Capex 14.9 21.0 24.3
Total Debt (1) 21.3 21.9 25,9 Domestic
Cash & Cash Equivalents 12.7 7.0 6.6 E&P
Net Debt 8.7 14.9 19.2
Total Equity 44.3 65.2 83.0
81%
Total Assets 98.7 129.7 156.9
NOTES: 1 Includes capital leases
2 For tthe year ended December 31, 2007. Excludes losses in gas and energy, corporate results and eliminations
3
4. INVESTMENT PLAN BY BUSINESS SEGMENT
2008-12 Period
58% 13%
US$ 112.4 billion
15.0
65.1
1.5 29.6 97.4
1% 2.6 2.6
4.3
2% 6.7 26% 87%
2% Brasil Internacional
4% 6%
E&P RTC G&E
Petrochemical Distribution Corporate Biofuel
US$ 65.1 billion directed to E&P
Exploration: US$ 13.8 billion
Production: US$ 51.3 billion Note: Includes International
4
5. CASH FLOW
YEAR ENDED DECEMBER 31
2007 2006 2005
Cash Flow from Operating Activities
Net Income $ 13.138 $ 12.826 $ 10.344
Depreciation $ 5.544 $ 3.673 $ 2.926
Other (inc.W.C.) $ 3.982 $ 4.578 $ 1.845
CFFO $ 22.664 $ 21.077 $ 15.115
Net Cash used in Investing Activities
Capex and other $ (20.768) $(14.470) $ (10.376)
Acquisitions $ (1.551) $(416)
Puchase Marketable Seceurities $ (1.707) $ 205 $ 169
Total Investments $ (24.026) $(14.681) $ (10.207)
Cash Flow From Financing Activities
Amortizations $ (6.670) $(4.167) $ (2.652)
Additions to Debt $ 4.542 $ 2.957 $ 2.131
Dividends and other $ (3.860) $ (3.144) $ (2.104)
Net from Financing $ (5.988) $ (4.354) $ (2.625)
Increase (decrease) in cash and $ (7.350) $ 2.042 $ 2.283
cash equivalents
Effect of exchange rate changes on
cash and cash equivalents $ 1.649 $ 775 $ 732
5
6. BALANCED VERTICAL INTEGRATION
Upstream Operations Downstream Operations
Áreas de Concessão
(outubro/2005)
Dutos existentes
Refinaria
Petrobras Terminal aquaviário
Other Companies Terminal terrestre
Proved Domestic Reserves of 13,92 Billion BOE (SPE) 11 refineries in Brazil
Southeast Basins responsible for more than 80% of 2007 domestic throughput of 1,795 k bpd
Brazil’s oil production 2007 oil products domestic consumption of 1,725 k bpd
2007 domestic oil average daily Production of 1,792 k bpd
6
7. PRE SALT PROVINCE
Total area of the Province: 112,000 km2
Area under concession: 41,000 km2 (38%)
Area not under concession: 71,000 km2 (62%)
Area with Petrobras interest: 35,000 km2 (31%)
line
hinge
Well Tested
HC Campus
Exploratory blocks
Pre-salt Reservoirs
7
8. E&P - RAPIDLY GROWING PRODUCTION PROFILE
7.7% p.y.
4,153
8.7% p.y. 18 3
3,494 515 *
151
285* 643
Natur al Gas - Inter nati onal
Oi l and NGL - Inter nati onal 637
. y.
8.3% p
Natur al Gas - Br azi l
Oi l and NGL - Br azi l
2,298 2,300
2,217
1,810 2,036 2,020 1 01 1 09
1,636 96
1,565 23 85 94 14 2 12 6
1,505 24 16 3 2 .8 12
1,238 35 1 61 27 7 2 73
20 1 68
1,008 1,090 16 44 27 4 2 .4 2 1
885 53 252 2 50 2 65
10 60
11 2 32
9 22 1
Thousand boed
10 45
38 47 1 97
25 17 9
16 3 1. 7 78 1. 7 92
15 2 1 . 6 84
13 4 1 . 5 00 1. 54 0 1. 4 93
1 . 271 1. 3 36
1 . 00 4 1. 1 32
80 9 86 9
7 16
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2012 Target 2015 Forecast
* Includes non consolidated production
8
9. MAIN PROJECTS IN BRAZIL – 2007-2012
Marlim Sul Espadarte
Tupi Módulo 3 –
Rio de Janeiro EWT Módulo 3
P-56
2.600 Espadarte Mód II Up to 100.000 bpd
100.000 bpd
100.000 bpd 30.000 bpd Tupi 2012
2011
6/jan/07 2009 Pilot System
Up to 100.000 bpd
Cidade Niterói 2010
Piranema
Jabuti (FPSO)
30.000 bpd
2.400 10/oct/07 100.000 bpd Frade
2008 100.000 bpd
2009 2.421
Cidade de Vitória
Golfinho Mód. 2
Marlim Sul Módulo 2
P-51
2.374
2.200
100.000 bpd
November 2007
180.000 bpd
2008
2.296
Roncador
Roncador Jubarte Module 4
P-52 2.191 P-57
180.000 bpd
P-62
180.000 bpd
November 2007 1.950* Cachalote & Baleia 2011
100.000 bpd
2012
2.000 Franca
FPSO Capixaba
Parque das
100,000 bpd
Conchas
2010
100.000 bpd
1.792 Marlim Leste
P-53
2009
1.800 180.000 bpd
Roncador 2008
P-54
180.000 bpd
November 2007
1.600
2007 2008 2009 2010 2011 2012
Obs.: This curve does not include Tupi’s Pilot System Production
* Target may vary +/- 2.5%
9
10. E&P: UPCOMING UNITS
UNITS FIELD CAPACITY STATUS START-UP SHIPYARD
FPSO Cidade Oil: 100.000 bpd Modec
Jabuti Under construction 2S08
de Niterói* Gas: 3,5 MM m3/dia Sipem - Dubai
Oil: 180.000 bpd Nuclep/Brasfels
P-51 Marlim Sul Under construction 2S08
Gas: 6MM m3/dia Angra/RJ
Oil: 180.000 bpd Quip
P-53 Marlim Leste Under construction 2S08
Gas: 6MM m3/dia Rio Grande/RS
Cidade São Oil: 35.000 bpd Prosafe
Camarupim Under construction 2S08
Mateus* Gas: 10 MM m3/dia Keppels - Cingapura
Mauá-Jurong
PMXL-1 Mexilhão Gas: 15MM m3/dia Under construction 2009
Niterói/RJ
Oil:100.000 bpd Under construction Brasfels -FSTP Keppel &
P-56 Marlim Sul 2011
Gas: 6MM m3/dia (P-51 Clone) Technip - Angra/RJ
Oil: 180.000 bpd SBM
P-57 Jubarte Contracted 2011
Gas: 2MM m3/dia Shipyard N/A
Oil:100.000 bpd Mauá-Jurong
P-62 Roncador Contracted 2012
Gas: 6MM m3/dia Niterói/RJ
Oil: 180.000 bpd Hull contracted. Basic Atlântico Sul
P-55 Roncador 2013
Gas: 6MM m3/dia project under revision. Suape/PE - Rio Grande/RS
10
* Leased
12. CRITICAL RESOURCES
CHALLENGES
Equipments
Human Resources
Cost Inflation
HOW PETROBRAS IS DEALING
Aggressive bidding program for rigs, support vessels and anchor handlers,
mainly new built units
Long-term contract with service providers
Anticipating the renew of current contracts
Supporting the expansion of the suppliers installed capacity
Training programs for its own employees and for the supply chain workforce
12
13. NEW RIGS
Water Operating Start Up Start Up Start Up Start Up Start Up From 2013
Depth 2007 2008 2009 2010 2011 2012 to 2017
• Pride South
Atlantic
• O. Yorktown
•Petrobras XIV
0-999m 5 • Pride Mexico
• Borgny Dolphin
• Ocean Concord
• Falcon-100
Olinda Star
1000-1999m 18 Ocean Worker
• Delba V
• Delba VI
• Scorpion
• Lone Star
• Gold Star • Delba VII
• Schahin III
• Schahin I • Delba VIII
• Petrorig II
• Norbe VI • Norbe IX + 28 new units
≥ 2000m 5 • Sevan Driller
• Delba III
•Delba IV
• Schahin 1 to be leased
• West Taurus
• SSV Victoria • Schahin 2
• West Eminence
• West Orion • Norbe VIII
• Dave Beard
• Petroserv
• Etesco 8
• Sevan Brasil
Total per year 28 6 9 6 2 12 28
Cumulative 6 15 21 23 35 63
Stena Drillmax e Dep Water Millennium are not being considered since they are being negotiated in the Spot Market
13
14. NEW VESSELS TO BE CONTRACTED
LEASED/ BEING LEASED TO BE LEASED TOTAL
Large Vessels (VLCC/Tankers) 26 44 70
Supply Vessels 24 122 146
FPSO/SS 6 8 14
Others (jack-ups, TLWP) 3 1 4
Total 59 175 234
Forecasted investments meet Petrobras’
needs regarding exploratory and
production development portfolio
14
15. HUMAN RESOURCES
PETROBRAS EMPLOYEES
Participants in the 2.468
Number of employees Training Programs 2.101
80.931
68.931
62.266
52.037 53.904 1.213
46.723 48.798
989 1.043
774
2002 2003 2004 2005 2006 2007 2012 2002 2003 2004 2005 2006 2007
22,000 new employees since 2002 and 12,000 more up to 2012 The superior level professionals, who were recently admitted,
without the required previous experience, spend up to a year in
classrooms before starting to effectively work at the company
Forecasted demand for
112.625 workers
workers at Petrobras supply
chain in Brazil
CIVIL CONSTRUCTION &
The Brazilian Government, with ENGENEERING MAINTENANCE
CONSTRUCTION PROCUREMENT
Petrobras support has a specific 5.967 15.020 84.576 7.062
training program to meet this demand
15
16. BRAZILIAN OIL INDUSTRY MAIN CHALLENGES
• Infrastructure Enhancement
• Critical Items Supply (imports)
• Drilling Equipment
• Dynamic Positioning and Brasfels Shipyard at Angra dos Reis. P-51 and P-56
construction sites.
Propulsion Systems
• Steel Manufacturing Process and
Supply
• Skilled Work Force for
Construction and Operation
• Financiability
Rio Grande Shipyard under construction.
Designed for platforms construction.
16
17. SUPPLY STRATEGIES FOR GOODS AND SERVICES
• Manufacturers •Equipment
•Chemicals
US$ 5.2 Bi • Distributors
•Spare parts
• Retailers
•Etc.
• Seismic
• Service •Drilling
US$ 23.6 Bi providers
•Transport
•Etc.
• Platform
• EPC
US$11.0 Bi •Refinery
•Shipyards
•Revamps
•Constructors
As per 2007 •Etc.
17
18. RELEVANT EQUIPMENT DEMAND FOR THE PERIOD 2008 - 2015
Units of Total Amount
Items
Measurement ( 2008 ~ 2015 )
Structural Steel t 1.252.000
Air Coolers un 721
Mooring Cables km 2.726
Christmas Trees un 3.930
Safety boats un 344
Pumps un 10.264
Lifeboats un 1.978
Well Heads un 3.657
Compressors un 969
Fan Coils un 2.818
Heat Furnaces un 252
Heat Reformers Furnace un 8
Eletric Generator un 439
Crane un 220
Flexible Pipes m 7.200
Diesel Engines un 717
Eletric Motors un 17.035
Reactors un 317
Storage Tanks un 2.824
Process Towers un 732
Eletric Transformers un 1.236
Heat Exchangers un 5.913
Pipe lines t 1.542.266
Turbines un 441
Production Rigs un 36
Pressure Vessels un 4.829
18
19. MATERIALS AND EQUIPMENT TO BE DEVELOPED IN NEXT YEARS
Technological Development
• Submarine sensor for measuring oil and grease degree in water;
• Signal optical cable for well temperature and pressure monitoring;
• Submarine optical connectors;
• Intelligent sensor network for natural gas flow measurement;
• Internal for piping in the radiation zone of industrial furnaces;
• Co-generation system using biomass as fuel;
• Submarine sphere valves;
• Monitored Cathodic protection system for pipelines.
19
20. CRITICAL SERVICES - OTHERS
Petrobras Vision
Area Services
• Drilling;
• Wokover services;
• Flexible lines and umbilical's laying services;
• Support to diving;
E&P
• Support to ROV vehicles;
• Support to mooring activities;
• Special vessels;
• Submarine interconnection services.
ACTION
Attendance by Specific Demand
20
21. COMPETITIVE NATIONAL SUPPLY OF GOODS AND SERVICES
Suitability of National Supplier Park
GOOD AND SERVICES SUPPLY PATH
5. Incentive for settling down
imports international companies in Brazil
4. Incentive for association between
national and international
Increase in companies
National Supply
Capacity of G&S 3. Incentive for new national entrants
imports
2. Develop competition among
medium competitive sectors
1. Increase productivity capacity of
National
highly competitive sectors
Industry
Current Demand Future Demand
21
22. NATIONAL INDUSTRY COMPETITIVENESS DIAGNOSIS
High Level Competitiveness Sectors CRITICAL EQUIPMENTS (Non Exhaustive)
1 Special Steel (for boilers) and forged steel
Pipelines in the range of 14-42 inches
2
1 diameter with longitudinal welding
2 Polished connecting rod with guided
3
centralizer (ongoing action)
Polyester Mooring cables;
3
Drilling pipelines and Fiber glass
4 pipelines;
5 Electrical cables for CSP;
4 Control Systems for well control, oil and
gas metering systems, drilling activities;
Offshore drilling rigs
Gravel Packing
Drilling bits
6 Production pipelines alloy coatings(13 Cr,
Super13 Cr);
5 Pumps API standard
6 Dry Transformers
Expansion of Encourage domestic Stimulate R&D in Brazil
ACTIONS Production Capacity components production (not a priority)
22
Sources: UFRJ – Economy Institute and Petrobras
23. NATIONAL INDUSTRY COMPETITIVENESS DIAGNOSIS
High Level Competitiveness Sectors
1
2 IMPORTED COMPONENTS
(Non Exhaustive)
A Christmas Trees: Forged Steel and
3 electronics
4 A Umbilical: Nylon 11, flexible inox tubes
and kevlar
5
Flexibles Pipes: External Polymers and
some steels
B Package Import
Bearings and automation
B
Steel plate and copper
6
Encourage domestic
Expansion of components Stimulate R&D in Brazil
ACTIONS Production Capacity production (not a priority)
23
Sources: UFRJ – Economy Institute and Petrobras
24. NATIONAL INDUSTRY COMPETITIVENESS DIAGNOSIS
Medium Level Competitiveness Sectors
EQUIPAMENTOS CRÍTICOS (Não exaustivo)
HCC Reactors (250-300 mm wall width,
40 Kgf/cm2);
Boiler works with special alloys
(reactors, towers, pressure vessels);
7
7 Boilers (steam generators);
Heat exchangers working with H2S
traces (ASTM A 387 degree11);
Structural packing for refining process
towers;
8
8 Moto Compressor and bare compressor
9
9 Large Engines
10 10 Offshore crains
11 Special sphere submarine valves
11
Forged Valves
12 Basic projects and thermal projects
12
Expansion of Technology update /
ACTIONS Production Capacity Association with foreign companies
24
Sources: UFRJ – Economy Institute and Petrobras
25. COMPARATIVE TABLE OF PRICES AND DELIVERY TIME
Brazilian Market x International Market
Price Delivery Time
Products Families
(Brazilian market ) (Brazilian market)
Pumps Similar Better
Valves 10 – 30% more expensive Better
Pipes 20 – 40% more expensive Similar
Pipes Accessories 30 – 50% more expensive Better
Pressure Vessels 30 – 50% more expensive Good
Heat Exchanger 30 – 40% more expensive Good
Instrumentation 20% more expensive Good
Electrical
• Panels Similar Better
• Cables 10 – 15% more expensive Good
Source: ABEMI
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