Post on 01-May-2019
CNPE
E&P POLICIES
REATE •General Policies - MME •Regulatory - ANP •Commercial - EPE
MME
Institutional Framework
Contractual Improvement
Decomissioning Rules Onshore
Regulation
Reserve Based Lending
Open Acreage
Infrastructure and Trading
Royalties Police
Environmental Permits
Changes’ Pathway
Production Assets Access
Produção Realizada Projeto Complementar
Royalties de 10%
Royalties de 5% a 10%
Life Extension
Recovery Factor
Mature Fields
Competitiveness
Profitability
Royalties Reduction for Mature Fields' Incremental Production
7,5 or 5% Royalties
10% Royalties
Historical New Project Life Extension
14ª Rodada – Redução de Royalties
Bac
ias
Basi
n
Royalties as for 14th Bid Round on
Royalties Reduction for Onshore Basins
Contractual Improvement
Decomissioning Rules Onshore
Regulation
Reserve Based Lending
Open Acreage
Infrastructure and Trading
Royalties Police
Environmental Permits
Changes’ Pathway
Production Assets Access
Oil and Gas Scenario
Final Remarks
EOR Review
Opportunities: Open Acreage 884 Blocks
Area:
346,035 km²
14 Mature
fields
15 Sedimentary
basins
722 blocks in 9 onshore basins
162 blocks in 6 offshore basins
158 Blocks ready to offer
Open Acreage 1st Wave
Contractual Improvement
Decomissioning Rules Onshore
Regulation
Reserve Based Lending
Open Acreage
Infrastructure and Trading
Royalties Police
Environmental Permits
Changes’ Pathway
Production Assets Access
FAZENDA BELÉM CLUSTER
Concessions: 2
Production: 1227 bbl/d (Oil);
1000 m3/d (Gas)
SERGIPE TERRA 1 CLUSTER
Concessions: 6
Production: 68 bbl/d (Oil);
200 m3/d (Gas)
MIRANGA CLUSTER
Concessions: 9
Production: 1446 bbl/d (Oil);
558000 m3/d (Gas)
MACAU CLUSTER
Concessions: 7
Production: 4855 bbl/d (Oil);
249000 m3/d (Gas)
RIACHO DA FORQUILHA CLUSTER
Concessions: 34
Production: 7.094 bbl/d (Oil);
271000 m3/d (Gas)
SERGIPE TERRA 2 CLUSTER
Concessions: 3
Production: 4426 bbl/d (Oil);
27000 m3/d (Gas)
SERGIPE TERRA 3 CLUSTER
Concessions: 1
Production: 2036 bbl/d (Oil);
3000 m3/d (Gas)
1,0 % of our total output in
Brazil
TOTAL PRODUCTION
28 thousand boe/d
January to December 2017 period
There are 62 onshore fields in the ongoing selling process
Technology Number of Projects Operator's Evaluation
Thermal
Steam 15 fields in 4 Basins Success
In-situ Combustion 2 pilots Fail
Chemical
Polymer 4 pilots Fail
Miscible Gas
CO2 3 pilots 1 success and 2 Fails
Microbial
MEOR 10 Wells and 1 Full field 7 wells: Success; Full field: Fail
EOR projects in Brazil’s Onshore – A limited experience
More than 300 onshore fields
0
200
400
600
2015 2016 2017
Develpment Onshore Wells Drilled
75%
129
(2015/2017)
Oil
Gas
Onshore Production
(2017)
127
Thousand
bbl/d
21
Million
m³/d
30%
(2017/2012)
200 Million boe
New Reserves
World Average
0% 10% 20% 30% 40%
SEAL
Espírito Santo
Recôncavo
Potiguar
Onshore Recovery Factor per basin
Current RF Final RF
1% addition in the
onshore recovery
factor:
Onshore production Perspective
Huge potential to significantly increase
onshore production in short/medium term