Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of...
Transcript of Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of...
![Page 1: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/1.jpg)
November 2019
![Page 2: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/2.jpg)
Local Content in Brazil: Lessons Learned
2019 Local Content Conference & Exhibition
Takoradi, Ghana
November 20-22th, 2019
Luiz Henrique de Oliveira Bispo
Superintendent of Local Content
![Page 3: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/3.jpg)
Exploration and Production Scenario in Brazil
![Page 4: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/4.jpg)
OnshoreConventional
Offshore Onshore Pre-SaltConventional
Offshore
Pre-SaltPolygon
5.0 million km2 – onshore
2.5 million km2 – offshore
7.5 million km2 Concession
• 420 fields
• 288 blocks
Production Sharing
• 5 fields
• 13 blocks
Three different E&P environments
Less than 5%of the sedimentary areas are
contracted
97 Groups
• 47 Brazilian
• 50 foreign
Cessão Onerosa• 10 fields
![Page 5: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/5.jpg)
Average oil production per well
Onshore
Pre-Salt
Conventional Offshore
Three Different E&P Environments
East Margin adjacent to the pre-salt region and Equatorial
Margin, including new frontier areas and a significant
number of large mature fields.
Mature Basins and New Frontier Basins (mostly gas
prone). Potential for unconventional to be unleashed.
One of the World´s hottest oil play, home to the largest
offshore oil discoveries in the last decade.
55%
37%
8%
December 2018
85 wells
17,655 bpd
628 wells
1,650 bpd
6,683 wells
16 bpd
![Page 6: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/6.jpg)
➢Major Operators
➢Exploration Specialists
➢Mature Field Players
Small and mid -
sized Companies0302➢Supermajors
➢Major Operators01
Pre-Salt Conventional Offshore
Onshore
Supported by Oilfield Service Companies, Suppliers and Financial Institutions!
Attract Suitable Players
![Page 7: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/7.jpg)
Home to the largest offshore oil
discoveries in the last decade
The next bidding rounds will offer blocks with
potential for giant discoveries in the pre-salt
Proved reserves
~8 billion barrels of oil
Pre
-Sal
t p
rod
uct
ion
gro
ws
shar
ply
in t
he
sho
rt t
erm
![Page 8: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/8.jpg)
Conventional Offshore
Goal: to increase
explorationactivities in the East
and Equatorial
Margins.
Current RF
Final RF
,
![Page 9: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/9.jpg)
Onshore
Goal: to revitalize activities in onshore fields, by attracting
mature field players
Brazil has potential to significantly increase its onshore
production in short/medium term
Oil
Gas
Onshore Production (2018)
111Thousand bbl/d
22Million m³/d
Production Perspective
In 2018, 67,000 wells were drilled onshore
around the world
Only 128 wells were drilled onshore in
Brazil
,
![Page 10: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/10.jpg)
0
500000
1000000
1500000
2000000
2500000
3000000
Bar
rels
of
Oil
per
day
Average Production
Brazil Pre-Salt Post-Salt Offshore Onshore
34%
Production
3.7 Million
Pre-Salt
61%
Conventional Offshore
31%
Onshore
7%
Oil
2.93 Million bpd
Gas
128 Million m³/d
boe/d
September, 2019
9th largest producer in the world in 2018
The largest producer of crude oil in the whole South American region September, 2019
190%(2014/2018)
(2014/2018)
34%(2014/2018)
15%(2014/2018)
![Page 11: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/11.jpg)
Local Content
![Page 12: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/12.jpg)
• Reduces attractiveness for bidding
• Delays on E&P projects
• Compliance costs
• Suppliers’ competitiveness
• Long-term E&P income appropriation
• Industrial development
• Human resources capacitation
COST BENEFIT
Is it Worth it
![Page 13: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/13.jpg)
• E&P contracts
• Commitments
• Percentage of local content
• Goods and services
• Exploration and Development of productionactivities
• Sanctions
How to
![Page 14: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/14.jpg)
• Establishes mandatory minimum percentages, preference for
hiring Brazilian suppliers, and reporting obligation to ANPContractual Commitment
• Evidence and timelines for verifying Local Content commitmentsLocal Content Verification
• Defines the rules for Local Content Overflow TransferLocal Content Surplus
• Presents the methodology for calculating the penalty associated
with non-compliance with the contractual commitment
Penalty for non-
compliance
How to
![Page 15: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/15.jpg)
Timeline
![Page 16: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/16.jpg)
4 Groups ofitems
Global level + 90 specific items
Third party certification + Local Content Primer
40% onbid score
15% weight on bidscore
Bonuses for specificitems
Self-declaratory
20% on bid score
Timeline
![Page 17: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/17.jpg)
SupplierOil
companyThird party
certifier
LC Reports
Certificate of local content(percentage based on
production inputs)
Certificate of local content
Invoice
Certify products Sell products
ANP
E&P Contract Clauses + ANP rules
How to
![Page 18: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/18.jpg)
• Requirements at global level
Example: Round 13
![Page 19: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/19.jpg)
• Itens and subitens commitments
Example: Round 13
![Page 20: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/20.jpg)
Incentives to high offers
• Average commitments of winning offers
25%
42%
28%
39%
79%
86%
74%
69%
79%
62%
73% 73%
27%
48%
40%
54%
86%89%
81%77%
84%
76%
84%80%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Exploration Development
Bidding Round Results
![Page 21: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/21.jpg)
Source: ALMEIDA, E.; LOSEKANN, L; PRADE, Y.; BOTELHO, F. e NUNES, L. (2016). Custos e Competitividade do E&P No Brasil.
E&P investment
0 10 20 30 40 50
2013
2000
US$ billion
• High oil prices
• Pre-salt
• Previous bidding rounds
Scenario
![Page 22: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/22.jpg)
Source: Prominp
Participation of national industry in the
O&G sector
0 20 40 60 80
2010
2003
%
• Additional value of US$ 21.5 billion worth of goods and services
• Generation of more than 875 thousand jobs
Results
![Page 23: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/23.jpg)
Shipyards and FPSO modules building and integration
Subsea
Success Cases
![Page 24: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/24.jpg)
*TC 030.511/2015-1
117Waiver requestsbetween 2011
and 2015
1/3Inspections
resulted in fines
R$ 456,5 MM
Fines applied
25Fines applied
US$ 25 BPotencial fines
(TCU*)• Suppliers
• Rising prices
• Longer delivery times
• Operators
• Gaming
• Inaction
However...
![Page 25: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/25.jpg)
Blocks Definition Exploration
ContractSignature
Discovery
Discovery Evaluation
Declaration ofCommerciality
Development Production
Decommissioning
Abandonment
Exploration Phase Production Phase
Some Lessons Learned
Local Content requirementsLocal Contentrequirements
End of Development
• Geology
• Exchange rate
• Oil prices
• Technology
• Domestic supply chain
• Human resources
![Page 26: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/26.jpg)
New Local Content
![Page 27: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/27.jpg)
20222016 2017 2018 2019 2020 2021
ExplorationOnshore: 50%
Offshore: 18%
Development
Onshore: 50%
Offshore
Wells 25%
Subsea 40%
Platform 25%
✓ No waivers and no longer LC as bidding factor
New Local Content
![Page 28: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/28.jpg)
OnshoreExploration 50%
Development 50%
Offshore
Exploration 18%
Development
Well construction 25%
Subsea systems 40%
Platform: engineering 40%
Platform: equipments 40%
Platform: construction, integration andinstallation
40%
Ongoing contractsConcluded phases
(under study)
Conduct adjustment agreement
• Replace fines with new LC commitments
• Examples: Goods for exportation oradditional seismic data acquisition
Contract amendment: new rules
New Local Content: Dealing with the past
![Page 29: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/29.jpg)
Impact of New Rules
![Page 30: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/30.jpg)
Impact of New Rules
![Page 31: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/31.jpg)
✓ Flexibility arose by moving from specific LC requirements for each component of investment in E&Pphases to general commitments in each phase;
✓ Possibility to account LC in projects mixing national and global components regardless the location of assembling;
✓ Boosts importance of agreements and cooperation between local and global suppliers;
✓ Already under practice, according to supply contracts in progress.
Impact of New Rules: Flexibility
![Page 32: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/32.jpg)
Future
![Page 33: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/33.jpg)
Future
Certification Reporting MonitoringSimplification
andIncentives
![Page 34: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/34.jpg)
Some more lessons learned
• Make it simple
• Monitor since the beginning
• Deal with R&D
![Page 35: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/35.jpg)
Local ContentInformation
![Page 36: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/36.jpg)
Local Content Information
![Page 37: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/37.jpg)
Local Content Information
![Page 38: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/38.jpg)
Local Content Information
![Page 39: Apresentação do PowerPoint§ão-A… · 0 500000 1000000 1500000 2000000 2500000 3000000 els of Oil r ay Average Production Brazil Pre-Salt Post-Salt Offshore Onshore 34% Production](https://reader034.fdocuments.in/reader034/viewer/2022050220/5f6583d3b72a1472714eef1f/html5/thumbnails/39.jpg)
National Agency of Petroleum, Natural Gas and Biofuels – ANP
Av. Rio Branco, 65 – Downtown – Rio de Janeiro – Brazil12º ao 22º floor
Tel: +55 (21) 2112-8550
www.anp.gov.br