Renato T Bertani October 2008
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Brazil’s Oil Riches: First found in people’s minds, again Presentation to the University of Houston C. T. Bauer College of Business Global Energy Management Institute Renato T Bertani October 2008
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Brazil’s Oil Riches: First found in people’s minds, again Presentation to the University of Houston C. T. Bauer College of Business Global Energy Management Institute. Renato T Bertani October 2008. The Current Energy Matrix: fossil fuels are by far the largest source of energy. - PowerPoint PPT Presentation
Transcript of Renato T Bertani October 2008
Brazil’s Oil Riches:First found in people’s minds, again
Presentation to the
University of HoustonC. T. Bauer College of Business
Global Energy Management Institute
Renato T BertaniOctober 2008
World Energy Consumption Matrix (2005)Quadrillion btu
0
25
50
75
100
125
N A
merica
Europe
Asia
Eurasia
Asia
M E
ast
Africa
C&S
Am
erica
Other
Nuclear
Coal
N Gas
Liquids
The Current Energy Matrix: fossil fuels are by far the largest source of energyThe Current Energy Matrix: fossil fuels are by far the largest source of energy
Total Consumption: 462 quadrillion btu
OECD NON OECD
Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL) Source: EIA, Sept08
Total Consumption: 462 quadrillion btu
World Marketed Energy Use by Fuel TypeQuadrillion btu
0
50
100
150
200
250
19
80
19
83
19
86
19
89
19
92
19
95
19
98
20
01
20
04
20
07
20
10
20
13
20
16
20
19
20
22
20
25
20
28
Liquids
Natural GasCoal
NuclearRenewables
Fossil Fuels will continue as the main source of energy
Fossil Fuels will continue as the main source of energy
Source: EIA, Sept 08
Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL)
$80
$150??
STABILITY
VOLATILITY
GAS PRICE
$/BOEGAS PRICE
$/BOE
OIL PRICE$/BO
$40
Long Term Price Scenarios Long Term Price Scenarios
A journey towards the blue waters(where the big fish roam!!)
A journey towards the blue waters(where the big fish roam!!)
Blue water, big fishes Blue water, big fishes
Source: F. Nepomuceno, 2008Petrobras
Pre salt source, post salt reservoirs Pre salt source, post salt reservoirs
Source: F. Nepomuceno, 2008Petrobras
Campos Basin Post Salt Giant Fields Campos Basin Post Salt Giant Fields
Upper Cretaceous Reservoirs● Turbidites● High porosity and permeability● Heavy oil
Tecnologies● Semi submersibles and FPSOs● Gravel packing● Subsea completion
OIL AND GAS RESERVES – SPE CRITERIA
OnshoreShallow water (0-300m)Deep water (>300m)
Steady and steep reserves growth Steady and steep reserves growth
Petrobras Oil Production – kb/day
Steady oil production growth Steady oil production growth
Lower Aptian Paleogeography (122 m.y.) Lower Aptian Paleogeography (122 m.y.)
Pre Salt Reservoirs and Recent Analog Pre Salt Reservoirs and Recent Analog
Source: José Formigli, 2008, Petrobras
Pre Salt: seeing and believing Pre Salt: seeing and believing
Source: F. Nepomuceno, 2008Petrobras
Pre salt source, pre salt reservoirs Pre salt source, pre salt reservoirs
PRE SALT DISCOVERIES OFFSHORE BRAZIL
Source: O Globo Sept 25,08
The Santos Basin Pre Salt Cluster
The Santos Basin Pre Salt Cluster
The Pre Salt ProvinceThe Pre Salt Province
Source: José Formigli, 2008, Petrobras
Technological Challenges• Reservoir characterization• Well Drilling and Completion
• Well deviation in salt zones• CO2 resistant materials• Highly deviated wells
• Subsea Engineering• WD: 2,200m and deeper• High Pressure, CO2
• Flow assurance and artificial lifting• Floating Production Units
• Mooring• Interaction with risers• Direct access to wells (SPARS, other alternatives
TechnologiesTechnologies
Source: José Formigli, 2008, Petrobras
Logistics ChallengeLogistics Challenge
Source: José Formigli, 2008, Petrobras
Supply Challenges......and OpportunitiesSupply Challenges......and Opportunities
Petrobras Contracting Program
Tendered To be tendered Total
Large Ships Large Ships
Supply Boats Supply Boats
Production Units (FPSO/SS) Production Units (FPSO/SS)
Other (JackUps, TLWP) Other (JackUps, TLWP)
TOTAL TOTAL
Source: José Gabrielli, 2008, Petrobras
Petrobras Technological ProgramsThe key to success
Petrobras Technological ProgramsThe key to success
Many Thanks!Many Thanks!
