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2010 apresentação em Houston, Texas, USA
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HOUSTON HOUSTON -- MarchMarch -- 20102010
Abreu e Lima RefineryA Refinery in Pernambuco
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.
Disclaimer
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.
Pernambuco
Petrobras in Numbers
Market value: US$ 165 billion (Jul. – 2009)
Service stations: more than 8,000 Employees: 74,258 (Feb. – 2009)
Production platforms: 112 Thermoelectrical power plants: 10
Refineries: 16
Oil & Gas production: 2,474,680 bpd (2009)
Pipelines: 25.197 km/ 15.748 miles
Petrobras is present in 28 countries.
Worldwide Activities
Improve oil product quality in Brazil and abroad
Petrobras’ Main Drivers& Strategies
Business StrategiesE&P• Focus on light oil and natural gas production
and reserve growth
Downstream• Expand conversion capacity and improve
quality of refined products• Increase bio-refining capacity, biomass,
petrochemical and fertilizers businesses• Promote Brazilian biodiesel production and
export ethanol
Distribution• Increase market-share in Brazil for oil
products and biofuels
Gas & Energy• Develop and establish a profitable and
reliable natural gas market including LNG
International• Expand E&P in Gulf of Mexico and Africa• Undertake investments in refining conversion
capacity and quality
Develop market and monetize natural gas reserves in Brazil
Reduce dependence on light oil and oil product imports
Reduce carbon intensity of operations and products
Exploit competitive advantage from deep water exploration technology abroad
Assure future demand and add value to heavy oil exports
Petrobras discovers reservoirs in pre-salt layer - News
The largest oil discovery in at least 20 years coul d put Brazil among the leading oil producers.
Brazil pre-saltbasins localization
With Significant Upside Potential
Petrobras Total Production (k bpd)
1,335 1,500 1,540 1,493 1,684 1,792 1,855 2,0502,680
3,920
232252 251 265
274 277 273 321463
634
1177
252 269265 250 243 224
244
341
632
1,778
6070
2001 2002 2003 2004 2005 2006 2007 2008 2009 2013 2020
Oil Production - Brazil Gas Production - Brazil International Production (oil + gas)
8.8% avgp.a.
5.6% CAGR
5,72
97.5% avgp.a.
3,65
52,75
7
Program To Support PETROBRAS Vision
Business Plan 2009-2013
25%
2%2%
7%
3%
2%
59%
E&P
RTC
G&E
Petrochemicals
Biofuels
Distribution
Corporate
US$ 174.4 billion
104.6 (*)43.4
11.8
5.6 3.0
2.8
3.2
(*) US$ 17.0 billion allocated to Exploration
≈ US$ 175 billion
The PETROBRAS Soul
� A company controlled by the Brazilian State with 68 % of outside stockholders;
� A triple bottom line company (profitability + socia l + environmental targets);
� Extensive training policies;
� Driven by Knowledge and Technology (R&D Center);
� Developing Brazilian Industry with local orders;
� When placing orders, PETROBRAS favors local compani es.
� It is totally linked with the strategy of the Gover nment;
� As you may be aware presently there is a very stro ng policy to place orders to local companies;
The PETROBRAS Soul
“Brazilian companies” means:
companies which have
manufacturing processes and
after-sales services
in Brazil, thus creating jobs and
collecting taxes in the country.
Petrobras recognizes in the local supplying market, opportunities to improve cost effectiveness and quality standards for the present and future projects;
Local suppliers usually provide After Sales faster and friendlier when compared with the foreign companies;
Petrobras focuses on competitiveness and sustainability in the supply market (in Brazil or abroad);
The Petrobras Local Content policy is connected and contributes to the Petrobras Social Responsibility Policy.
Supply Policy to maximize Local Content
Petrobras Local Content
Policy
Local Content – Supply
Policy
Program To Support PETROBRAS Vision
Items Un. TOTAL
Wet Christmas Tree un 500
Well Head un 500
Flexible Lines km 4.000
Manifolds un 30
Production pipes t 42.000
Umbilical km 2.200
Dry Christmas Tree un 1.700
Onshore well head un 1.700Reactors / Heat Exchangers
unun
2802000
Oil and water splitter un 50
Storage Tankersun 1.800
Turrets un550
Items Un. TOTAL
Pumps un 8.000
Compressors un 700
Winch un 450
Crane un 200
Engines un 1.000
Turbines un 350
Structure Steel (Hull) t240.00
0
Structure Steel Plat. Hull t
700.000
Power Generatorsun 500
Filters un 300
Flares un 30
A new Refinery
4. Petrobras environmental commitment demanded b etter qualityproducts.
The solution found was to construct a new refinery in Brazil dedicated to process heavy oil
The Refinery
1. PETROBRAS has discovered huge quantities of heavy and extra-heavy oil in Brazil;
2. Brazil needs more diesel for domestic consump tion, mainly in the Northeast;
3. Local demand for oil products has been growin g;
Domestic Market ProfileEvolution
7%
41%
6%
19%
14%
12%
2010
33%
22%
5%
32%
7%
60’s
31%
25%
5%
28%
4%7%
70’s
21%
36%
4%
15%
11%
12%
80’s
16%
37%
4%
17%
12%
13%
90’s
Brazil 1950 - 2010
38%
19%
34%
3%
50’s
6%
LPG
Fuel Oil
Diesel
Jet Fuel
Gasoline
Naphtha
CAPEX : US$ 12 billion
Overview
Capacity : 230,000 bpd of 16 API / crude
Production :
� LPG 1,600 m3/d� Naphtha for Petrochemicals 1,900 m3/d� Diesel (50 or 10 ppm S) 25,800 m3/d (70%)� Heavy Coker Gasoil (Bunker) 2,000 ton/d� Coke (High and Low Sulfur) 5,200 ton/d
Start Up : 2012
Target Market : Brazil North-Northeast Regions
Construction : 20,000 Jobs created
- We hope to start the refining operations in 2012.
Critical Feasibility Factors
- The bidding process is being finished;
- There are 3 months of continuous rain in this area ;
Construction Schedule
Critical Feasibility Factors
Environmental Considerations
- The Petrobras policy is to be a benchmark for envi ronmental issues;
- The refinery is just 10 miles away from tropical h oliday resorts;
- Concerns about effluent disposal and atmospheric p ollution will be solved using the best available technology;
- The Pernambuco State Environmental Agency has been working closely with us.
Construction
1. The earthworks are in the final phase.
2. There are two independent refining units to process different grade heavy oils. There is a time lag in the construc tion phasing.
3. PETROBRAS have been purchasing the main equipment in the international and local markets and outsourcing t he construction with local contractors.
4. We have already contracted 70% construction work and 30% of bids are still open but are under consideration.
Earthwork2008
Earthwork2008
Earthwork2008
Earthwork2008
Dec/2009 Construction works
Jan/2010 Construction works
Dec/2009 Construction works
Janeiro/2010
Jan/2010 Construction works
Jan/2010 Construction works
Drum(Monte Mor, Brazil)
Water Pumps(Jundiaí, Brazil)
Water Pumps(Jundiaí, Brazil)
HDT D Compressors(Belo Horizonte, Brazil)
HDT D Compressors(Belo Horizonte, Brazil)
Heat Exchangers(Sorocaba, Brazil)
Heat Exchangers(Sorocaba, Brazil)
Coke DrumsLarsen (India)
Naphtha HDT ReactorsConfab (Brazil)
Suape Port Complex
The potential growth in this region is enormous because:
Beach Resorts
Refinery
Suape Port Complex
The refinery is being installed
in the SUAPE Complex
SUAPE Port accesses North America,
Europe and Africa easily
It is located in the center of the growing Northeast region
SUAPE Port
Extensive available
area behind the port
Refinery
SUAPE Port
Petrochemical Plants
Infrastructure available (railroads / expressways)
Refinery
NEWExpressway
NEWExpressway
PetrochemicalPlants
Railroads
Shipyards
Capacity to receive large
ships (Suezmax)
P1P1
P2P2
P3P3
P4P4P5P5
Improving Port Facilities
New Pier
Suape PortDec/2009
New PierDec/2009
Suape PortDec/2009
There will be a plentiful supply of trained labor due to recent Federal, State and company training programs 7,000 ready profes sionals
10,000 under training
Professional Training Program
Suape
- The authorities from all segments have been collaborating closely with all investors.
Pernambuco
SUAPE
- State Government is providing tax holidays;
Basic Legislation: Law11.508/2007, with an amendment through law 11.732/2008.
Fiscal Incentives (for companies located within the FTZ):
• FTZ - SUAPE - First Free Trade Zone approved in Brazil;
• Free of All Import Tariffs: IPI, AFRMM, PIS/COFINS, PIS/COFINS-Import (including machinery and equipment to be used).
• Free of All State Tax;
• Simplified export and import procedures;
• Conditions guaranteed for a minimum of 20 + 20 years.
• Domestic Operations Limited to 20% of gross sales;
• Export Operations Minimum of 80% of gross sales;
• 75% reduction in income tax for 10 years;
• FTZ - SUAPE will start in August 2011;
• FTZ – SUAPE will be managed by private companies.
Current Legislation: Main Characteristics
Free Trade Zone
FTZ - SUAPE
Shipyards
RefineryRefinery
SUAPE Port
Expressway
FTZ
Federal Highway
BR-101
Free Trade Zone
FTZ - SUAPE
FTZ-SUAPE
SUAPE-Port
BR-101
Free Trade Zone
FTZ - SUAPEFederal Highway BR 101
Suape Area
Other projects being installed in the area include new shipyards, petrochemical plants, a future steel mill and an industrial park.
FUTURE
� PETROBRAS is maintaining its investments presented in the US$ 175 billion Strategic Plan with refineries, pipelines, subsea equipment, platforms, and oil tankers. As you are already awar e, the policy is to buy products manufactured locally.
� This refinery in Pernambuco is one of the most impor tant PETROBRAS onshore investment projects over the last 30 years.
� In the same place there are four anchor projects (P ort + Shipyards + Refinery + Petrochemical Plants). Their demands wi ll give incentive to establish other factories, plants, service companie s, etc.
� Due to the coming boom any investors will be able t o benefit from infrastructure, and trained technicians already in place.
FUTURE
• There are huge opportunities for already installed and newcomersin the Brazilian suppliers market (ex: service and engineering companies facing the demand, as per Petrobras inve stment project portfolio).
• In order to carry out such portfolio, Petrobras is looking forward to establishing stable long term business relationship s with companies that are willing to invest in Brazil.
FUTURE
� We see that SUAPE could easily become an oil & gas, shipbuildingand offshore industry hub to support local demand a nd to export around the world
Gulf ofMexico
Campos Basin
NigeriaVenezuela
� Several equipment suppliers have been evaluating th e possibility of installing plants in SUAPE
SUAPEAngola
SUAPE
Houston / Corpus Christ, Texas
Cingapura
Dalian, China
Ilha Koje, Corea
Batam
Bayou
Calgary
� SUAPE business development team can help you too!
FUTURE
� The local governments (State and Municipality) have demonstrated skill in resolving concerns and taking PETROBRAS to SUAPE
It is time for Brazil
So … if you are looking at Brazil and your business is oil, gas, shipbuilding, offshore equipment or petrochemicals…
…the new frontier is Pernambuco!
Thank you !
SEE YOU IN SUAPE
We would like to invite
PESA to visit
SUAPE Port Complexin Pernambuco
Today - Target
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPE
Porto de Galinhas - SUAPEPorto de Galinhas - SUAPE
Beach Resorts - Suape
Porto de Galinhas - SUAPE
Pernambuco - Brazil
Marcelino Guedes GomesPETROBRAS
Refinaria Abreu e Limae.mail:marcelino@petrobras.com.br
Abreu e Lima RefineryA Refinery in Pernambuco
www.petrobras.com
www.suapeglobal.com
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