Brazil Oil Markets, 2013 – New Research Available
London (PRWEB) November 06, 2013 -- Summary
This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Brazil. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Brazil. The report compares the investment environment in Brazil with other countries in the region. The profiles of the major companies operating in the crude oil sector in Brazil together with the latest news and deals are also included in the report.
Scope
-Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
-Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Brazil for the period 2005-2017.
-Operator and equity details for major crude oil assets in Brazil.
-Key information relating to market regulations, key energy assets and the key companies operating in the Brazil’s energy industry.
-Information on the top companies in the Brazil including business description, strategic analysis, and financial information.
-Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
-Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
Reasons to buy
-Gain a strong understanding of the country’s energy market.
-Facilitate market analysis and forecasting of future industry trends.
-Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
-Assess your competitor’s major crude oil assets and their performance.
-Analyze the latest news and financial deals in the oil sector of each country.
-Develop strategies based on the latest operational, financial, and regulatory events.
-Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
-Identify and analyze the strengths and weaknesses of the leading companies in the country.
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Brazil Energy Sector 10
2.1 Brazil Energy Sector, Market Overview 10
2.2 Brazil Energy Sector, Oil 10
2.2.1 Brazil Oil, Overview 10
2.2.2 Brazil Oil, Supply and Demand Balance 11
2.2.3 Brazil Crude Oil Regulatory Structure 16
2.2.4 Brazil Crude Oil, Infrastructure 16
3 Brazil Oil Upstream Investment Environment Benchmarking 17
3.1 Introduction 17
3.2 The Overall Ranking 17
3.3 Upstream Fiscal Attractiveness 17
3.3.1 Maximum Government Take Index 19
3.3.2 Fiscal Flexibility 19
3.3.3 Maximum State Participation Index 19
3.4 Oil Sector Performance 19
3.4.1 Exploration Activity 21
3.4.2 Oil Production 22
3.4.3 Oil Reserves 22
3.4.4 Oil Consumption 23
3.4.5 Refining Industry 23
3.5 Economic Performance 23
3.5.1 GDP Growth Index 25
3.5.2 FDI Confidence Index 25
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 26
4 Brazil Exploration and Production Sector 28
4.1 Brazil Exploration and Production Sector, Country Snapshot 28
4.1.1 Brazil Exploration and Production Sector, Key Data 28
4.1.2 Brazil Exploration and Production Sector, Crude Oil Assets Map 28
4.1.3 Brazil Exploration and Production Sector, Gross Crude Oil-Historical Production by Type 29
4.1.4 Brazil Exploration and Production Sector, Gross Crude Oil Production by Assets 30
4.1.5 Brazil Exploration and Production Sector, Market Share of Key Companies Based on Gross Equity Weighted Crude Oil Production 33
4.2 Brazil Exploration and Production Sector, Production Forecast 34
4.2.1 Brazil Exploration and Production Sector, Gross Crude Oil Production Forecast 34
4.3 Brazil Exploration and Production Sector, Crude Oil Asset Details 37
4.3.1 Brazil Exploration and Production Sector, Active Crude Oil Asset Details 37
4.3.2 Brazil Exploration and Production Sector, Planned Crude Oil Asset Details 46
4.4 Brazil Exploration and Production Sector, Major Oil Discoveries 49
4.4.1 Brazil Exploration and Production Sector, Number of Oil Discoveries 49
4.4.2 Brazil Exploration and Production Sector, Oil Discovery Details 50
4.5 Brazil Exploration and Production Sector, Recent Discoveries 56
4.5.1 May 23, 2013: Petrobras Discovers Oil At 1-RJS-704 Well In Santos Basin, Brazil 56
4.5.2 May 07, 2013: Petrobras Discovers Oil At 1-RJS-711 Well In Entorno de Iara 1 Area, Brazil 57
4.5.3 Mar 05, 2013: Petrobras Finds Oil At 3-BRSA-1132-RJS Well In BMS-11 Block, Brazil 57
4.6 Brazil Exploration and Production Sector, Drilling and Production Updates 57
4.6.1 Jun 17, 2013: Galp Energia Provides Drilling Update On Ararauna Exploration Well Offshore Potiguar Basin, Brazil 57
4.6.2 Jun 07, 2013: Galp Energia Starts Commercial Production At Lula NE In Pre-salt Santos Basin, Brazil 58
4.6.3 Jun 05, 2013: OGX Provides May 2013 Production Update 59
4.6.4 Jun 03, 2013: Petrobras Announces 4.2% Increase In Domestic Oil Production In April 2013 59
5 Brazil FPSO Industry 61
5.1 Brazil FPSO Industry, FPSO Capacity Details by Vessel 61
5.2 Brazil FPSO Industry, FPSO Vessel Specifications 62
6 Brazil FSO Industry 64
6.1 Brazil FSO Industry, FSO Capacity Details by Vessel 64
6.2 Brazil FSO Industry, FSO Vessel Specifications 64
7 Brazil Pipeline Sector 65
7.1 Brazil Pipeline Sector, Key Data 65
7.2 Brazil Pipeline Sector, An Overview 65
7.3 Brazil Pipeline Sector, Key Crude Oil Pipeline Companies 65
7.4 Brazil Pipeline Sector, Comparison of Key Petroleum Product Pipeline Companies 66
7.5 Brazil Pipeline Sector, Crude Oil Pipelines 67
7.6 Brazil Pipeline Sector, Petroleum Products Pipelines 68
8 Brazil Refining Sector 70
8.1 Brazil Refining Sector, Key Data 70
8.2 Brazil Refining Sector, An Overview 70
8.2.1 Brazil Refining Sector, Total Refining Capacity 70
8.3 Brazil Refining Sector, Crude Distillation Unit Capacity 72
8.4 Brazil Refining Sector, Coking Capacity 73
8.5 Brazil Refining Sector, Fluid Catalytic Cracking Capacity 73
8.6 Brazil Refining Sector, Hydrocracking Capacity 74
9 Brazil Oil and Chemicals Storage Sector 75
9.1 Brazil Oil and Chemicals Storage Sector, Key Data 75
9.2 Brazil Oil and Chemicals Storage Sector, An Overview 75
9.2.1 Brazil Oil and Chemicals Storage Sector, Total Storage Capacity 75
9.3 Brazil Oil and Chemicals Storage Sector, Storage Capacity by Area 76
9.4 Brazil Oil and Chemicals Storage Sector, Capacity Market Share by Company 77
9.5 Brazil Oil and Chemicals Storage Sector, Storage Capacity 78
10 Profile of Petroleo Brasileiro S.A 84
10.1 Petroleo Brasileiro S.A, Key Information 84
10.2 Petroleo Brasileiro S.A, Company Overview 84
10.3 Petroleo Brasileiro S.A, Business Description 84
10.3.1 Business Overview 84
10.3.2 Biofuel 87
10.3.3 Distribution 88
10.3.4 Exploration and Production 88
10.3.5 Gas and Power 90
10.3.6 International 92
10.3.7 Refining, Transportation and Marketing 93
10.4 Petroleo Brasileiro S.A., SWOT Analysis 95
10.4.1 Overview 95
10.4.2 Petroleo Brasileiro S.A. Strengths 96
10.4.3 Petroleo Brasileiro S.A. Weaknesses 98
10.4.4 Petroleo Brasileiro S.A. Opportunities 99
10.4.5 Petroleo Brasileiro S.A. Threats 102
11 Profile of Statoil ASA 104
11.1 Statoil ASA, Key Information 104
11.2 Statoil ASA, Company Overview 104
11.3 Statoil ASA, Business Description 104
11.3.1 Business Overview 104
11.3.2 Development and Production Norway 106
11.3.3 Fuel & Retail 107
11.3.4 Marketing, Processing and Renewable Energy 107
11.4 Statoil ASA SWOT Analysis 108
11.4.1 Overview 108
11.4.2 Statoil ASA Strengths 108
11.4.3 Statoil ASA Weaknesses 109
11.4.4 Statoil ASA Opportunities 110
11.4.5 Statoil ASA Threats 111
12 Profile of Royal Dutch Shell plc 113
12.1 Royal Dutch Shell plc, Key Information 113
12.2 Royal Dutch Shell plc, Company Overview 113
12.3 Royal Dutch Shell plc, Business Description 114
12.3.1 Business Overview 114
12.3.2 Corporate 115
12.3.3 Downstream 115
12.3.4 Upstream 116
12.4 Royal Dutch Shell plc, SWOT Analysis 118
12.4.1 Overview 118
12.4.2 Royal Dutch Shell plc Strengths 118
12.4.3 Royal Dutch Shell plc Weaknesses 120
12.4.4 Royal Dutch Shell plc Opportunities 120
12.4.5 Royal Dutch Shell plc Threats 122
13 Financial Deals Landscape 123
13.1 Detailed Deal Summary 123
13.1.1 Acquisition 123
13.1.2 Equity Offerings 131
13.1.3 Debt Offerings 134
13.1.4 Partnerships 139
13.1.5 Asset Transactions 142
14 Recent Developments 150
14.1 License Rounds 150
14.1.1 May 23, 2013: Brazili's CNPE To Complete First Round Of Bidding Pre-salt In October 2013 150
14.1.2 Apr 13, 2013: Brazil Qualifies 44 Companies For 11th Oil-licensing Round 150
14.2 License Awards 151
14.2.1 May 16, 2013: Total Wins 10 Exploration Licenses In 11th Brazilian Licensing Round 2013 151
14.2.2 May 14, 2013: OGX Petroleo And Exxon Mobil Awarded 50% Stake Each In Two Offshore Oil And Gas Blocks In 11th Brazilian Licensing Round 2013 151
14.3 Strategy and Business Expansion 152
14.3.1 May 08, 2013: Petrobras Announces Building Center Of Excellence For Shipbuilding Industry In Brazil 152
14.3.2 May 06, 2013: Petrobras Presents Long-term Technological Strategy For Deepwater Production 153
14.4 Other Significant Developments 154
14.4.1 Jun 21, 2013: QGOG Commences Operations For Papa Terra FPSO (P-63) In Brazil 154
14.4.2 Jun 18, 2013: Petrobras's FPSO P-63 Platform Left Rio Grande Shipyard 154
14.4.3 Jun 14, 2013: New Court Decision Concerning Withholding Income Tax: Petrobras 155
14.4.4 Jun 07, 2013: HRT CFO Carlos Tersandro Fonseca Adeodato Resigns 155
14.4.5 Jun 06, 2013: OSX Announces Naming Ceremony Of FPSO OSX-3 156
14.5 New Contracts Announcements 156
14.5.1 Jun 20, 2013: GE To Supply Aero-derivative Gas Turbines To Modec For New FPSO Platform 156
14.5.2 May 13, 2013: Toyo Wins EPCI Contract From Petrobras For FPSO System 157
15 Appendix 158
15.1 Abbreviations 158
15.2 Methodology 158
15.2.1 Coverage 158
15.2.2 Secondary Research 159
15.2.3 Primary Research 159
15.2.4 Refinery Capacity 159
15.3 Contact Us 159
15.4 Disclaimer 160
1.1 List of Tables
Table 1: Brazil, Historical and Forecast Production and Consumption of Oil, mbd, 2000-2020 11
Table 2: Brazil, Historical and Forecasted Exports and Imports of Oil, mbd, 2000-2020 13
Table 3: Brazil, Historical Reserves of Crude Oil, billion bbl, 2000-2012 15
Table 4: South and Central America, Investment Benchmarking, Overall Country Rankings, Jun 2013 17
Table 5: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, Jun 2013 18
Table 6: South and Central America, Investment Benchmarking, Oil Sector Performance, Jun 2013 19
Table 7: South and Central America, Investment Benchmarking, Economic Performance, Jun 2013 24
Table 8: South and Central America, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Oil Production, Jun 2013 24
Table 9: South and Central America, Investment Benchmarking, Socio-Political Performance, Jun 2013 26
Table 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jun 2013 26
Table 11: Brazil, Key Statistics, 2013 28
Table 12: Brazil, Gross Crude Oil Production (%) by Type, 2003- 2012 29
Table 13: Brazil, Gross Crude Oil Production (mmbbl), by Major Assets, 2003-2012 30
Table 14: Brazil, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2012 33
Table 15: Brazil, Gross Crude Oil Production (mmbbl), Forecast by Major Assets, 2013- 2017 34
Table 16: Brazil, Active Oil Field Asset Details 37
Table 17: Brazil, Planned Oil Field Asset Details 46
Table 18: Brazil, Number of Oil Discoveries, 2007- 2012 49
Table 19: Brazil, Oil Discovery Details, 2007-2012 50
Table 20: Brazil, Oil Discovery Details, 2007-2012 (Contd.1) 51
Table 21: Brazil, Oil Discovery Details, 2007-2012 (Contd.2) 52
Table 22: Brazil, Oil Discovery Details, 2007-2012 (Contd.3) 53
Table 23: Brazil, Oil Discovery Details, 2007-2012 (Contd.4) 54
Table 24: Brazil, Oil Discovery Details, 2007-2012 (Contd.5) 55
Table 25: Brazil, Oil Discovery Details, 2007-2012 (Contd.6) 56
Table 26: Brazil FPSO Industry, FPSO Oil Production Capacities, Jun 2013 61
Table 27: Brazil FPSO Industry, FPSO Oil Production Capacities, Jun 2013 (Contd.1) 62
Table 28: Brazil FPSO Industry, FPSO Vessel Specifications, Jun 2013 62
Table 29: Brazil FPSO Industry, FPSO Vessel Specifications, Jun 2013 (Contd.1) 63
Table 30: Brazil FSO Industry, FSO Oil Production Capacities, Jun 2013 64
Table 31: Brazil FSO Industry, FSO Vessel Specifications, Jun 2013 64
Table 32: Brazil, Pipeline Key Statistics, Jun 2013 65
Table 33: Brazil, Crude Oil Pipeline Length by Company (km), Jun 2013 65
Table 34: Brazil, Petroleum Product Pipeline Length by Company (km), Jun 2013 66
Table 35: Brazil, Crude Oil Pipelines, Jun 2013 67
Table 36: Brazil, Petroleum Product Pipelines, Jun 2013 68
Table 37: Brazil, Petroleum Product Pipelines, Jun 2013 (Contd.1) 69
Table 38: Brazil, Refinery Key Statistics, Jun 2013 70
Table 39: Brazil, Total Refining Capacity (mbd), 2005- 2017 70
Table 40: Brazil, Crude Distillation Unit Capacity (mbd), 2005-2017 72
Table 41: Brazil, Coking Unit Capacity (mbd), 2005-2017 73
Table 42: Brazil, Fluid Catalytic Cracking Unit Capacity (mbd), 2005-2017 73
Table 43: Brazil, Hydrocracking Unit Capacity (mbd), 2005-2017 74
Table 44: Brazil, Oil and Chemicals Storage Key Statistics, Jun 2013 75
Table 45: Brazil, Total Oil and Chemicals Storage Capacity (mcm), 2005- 2017 75
Table 46: Brazil, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017 77
Table 47: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 78
Table 48: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.1) 79
Table 49: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.2) 80
Table 50: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.3) 81
Table 51: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.4) 82
Table 52: Brazil, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.5) 83
Table 53: Petroleo Brasileiro S.A., Key Facts 84
Table 54: Petroleo Brasileiro S.A., SWOT Analysis 96
Table 55: Statoil ASA, Key Facts 104
Table 56: Statoil ASA, SWOT Analysis 108
Table 57: Royal Dutch Shell plc, Key Facts 113
Table 58: Royal Dutch Shell plc, SWOT Analysis 118
Table 59: Eike Batista Sells Minority Stake In OGX Petroleo e Gas Participacoes For US$56.7 Million 123
Table 60: Power Corporation of Canada’s Investment Management Firms Acquire 4.89% Stake In HRT Participacoes, Oil And Gas Company 124
Table 61: GeoPark To Acquire Rio das Contas Produtora de Petroleo, Oil And Gas Company, From Panoro Energy For US$140 Million 125
Table 62: E.ON Completes Acquisition Of 24.5% Stake In MPX Energia From EBX For US$793 Million 127
Table 63: Goldman Sachs International Sells 0.23% Interest In HRT Participacoes em Petroleo 129
Table 64: Goldman Sachs International Acquires 0.1% Interest In HRT Participacoes em Petroleo 130
Table 65: MPX Energia Announces Public Offering Of Shares For US$594 Million 131
Table 66: QGOG Constellation Withdraws IPO 132
Table 67: OGX Plans Private Placement Of Shares For US$1 Billion 133
Table 68: Petrobras To Issue Euro-Denominated Bonds In Public Offering 134
Table 69: Queiroz Galvao Oleo e Gas Completes Private Placement Of 6.25% Notes Due 2019 For US$700 Million 135
Table 70: OGX Petroleo Completes Private Placement Of 10.5% Bonds Due 2022 For US$1.04 Billion 136
Table 71: Petrobras Completes Public Offering Of 3.25% Notes Due 2019 For US$1.69 Billion 137
Table 72: Petrobras Completes Public Offering Of 4.25% Notes Due 2023 For US$909 Million 138
Table 73: Petrobras Plans To Form Partnership With Sinopec To Develop Premium I Refinery Project In Brazil 139
Table 74: Andes Energia Enters Into Joint Venture Agreement With Imetame Energia 140
Table 75: Petrobras Signs Letter of Intent With GS Energy To Develop Premium 2 Refinery Project In Brazil 141
Table 76: Teekay Offshore To Acquire 50% Stake In Cidade de Itajai FPSO Unit From Teekay For US$204 Million 142
Table 77: MPX Energia To Acquire 50% Interest In Four Onshore Exploration Blocks In Brazil From OGX 143
Table 78: Petronas To Acquire 40% Interest In Offshore Blocks BM-C-39 And BM-C-40 In Campos Basin, Brazil From OGX For US$850 Million 144
Table 79: HRT Oil & Gas To Acquire 60% Interest In Polvo Oil Field, Offshore Brazil, From BP Energy do Brasil For US$135 Million 146
Table 80: Pacific Rubiales Energy To Acquire 35% Interest In Block S-M-1166, Offshore Brazil, From Karoon Gas Australia 147
Table 81: Petrobras Plans To Sell 35% Interest In Parque Das Conchas Project In Campos Basin, Brazil 149
1.2 List of Figures
Figure 1: Brazil, Primary Energy Consumption Split By Fuel Type (%), 2012 10
Figure 2: Brazil, Oil Production And Consumption, mbd, 2000-2020 12
Figure 3: Brazil, Oil Exports And Imports, mbd, 2000-2020 14
Figure 4: Brazil, Crude Oil Reserves, billion bbl, 2000-2012 15
Figure 5: South and Central America, Country Standings, Upstream Fiscal Attractiveness, Jun 2013 18
Figure 6: South and Central America, Country Standings, Oil Sector Performance by Reserves -Exploration & Production, Jun 2013 20
Figure 7: South and Central America, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Jun 2013 21
Figure 8: South and Central America, Country Standings, Number Of Exploration Blocks Awarded, 2008 - 2012 22
Figure 9: South and Central America, Country Standings, Economic Performance by FDI Confidence- GDP Growth & Oil Production, Jun 2013 25
Figure 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jun 2013 27
Figure 11: Brazil, Crude Oil Fields Map, Jun 2013 28
Figure 12: Brazil, Gross Crude Oil Production (%) by Type, 2003-2012 29
Figure 13: Brazil, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2012 33
Figure 14: Brazil, Number of Oil Discoveries, 2007- 2012 49
Figure 15: Brazil, Petroleum Product Pipeline Length by Company (km), Jun 2013 66
Figure 16: Brazil, Total Refining Capacity (mbd), 2005- 2017 71
Figure 17: Brazil, Total Oil and Chemicals Storage Capacity (mcm), 2005- 2017 76
Figure 18: Brazil, Oil and Chemicals Storage Capacity by Area (%), 2012 76
Figure 19: Brazil, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017 77
Companies Mentioned
Petroleo Brasileiro S.A
Statoil ASA
Royal Dutch Shell plc
Read the full report:
Brazil Oil Markets, 2013 – New Research Available
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: http://www.reportbuyer.com/
Sarah Smith, Research Advisor at Reportbuyer.com, +44 208 816 85 48, [email protected]
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