REPSOL YPF EN ARGENTINA DEFINITIVA(JMR)...44 EXPLORATION & PRODUCTION Northwestern Basin O C E A N O...
Transcript of REPSOL YPF EN ARGENTINA DEFINITIVA(JMR)...44 EXPLORATION & PRODUCTION Northwestern Basin O C E A N O...
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10. APPENDIX
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EXPLORATION & PRODUCTIONNorthwestern Basin
O CEANO ATLANTICO
NORO EST E
R epsol YPF - NW BASINProduction: 59 k B OE/dOil Reserves: 59 M B lsGas Reserves: 49 B m3
NW BASINTota l Area: 158000 km2 W ells drilled: 970 Production W ells (2002): 89
• Mainly a gas basin
• Gas p ipelines to Northern Chile and Buenos Aires
• Refinor Refinery
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EXPLORATION & PRODUCTIONCuyana Basin
O CEANO ATLANTICO
Repsol YPF – CUYANA BASINProduction: 42 k B OE/dOil Reserves: 150 M BlsGas Reserves: 0.4 B m 3
C UYANA BASINTota l Area: 58000 km 2 W ells drilled: 2440 Production W ells (2002): 934
• Only Oil
• Pipelines
• Luján de C uyo Refinery
CUYAN A
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EXPLORATION & PRODUCTIONNeuquina Basin
O CEANO ATLANTICO
Repsol YPF - NEUQUINA BASINProduction: 453 k BOE/dOil Reserves: 844 M BlsGas Reserves: 197 B m 3
NEUQU INA BASINTota l Area: 125000 km2 W ells drilled: 12640 Production W ells (2002): 5460
• Oil and Gas basin (The best)• Gas p ipelines to Chile andBs.As.• Mega• Plaza Huincul Refinery
NEUQ UINA
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EXPLORATION & PRODUCTIONGolfo San Jorge Basin
OCEANO ATLANTICO
Repsol YPF – GOLFO S.J. BASINProduction: 141 k BOE/dOil Reserves: 332 M BlsGas Reserves: 8 B m 3
GOLFO SAN JORGE BASINTotal Area: 92000 km 2 W ells drilled: 29600 Production W ells (2002): 10030
• Mainly an Oil basin
• Low Recovery Factor
• Recent G as discovery
GOLFO SAN JORGE
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EXPLORATION & PRODUCTIONAustral Basin
O CEANO ATLANTICO
Repsol YPF – AU STRAL B ASINProduction: 22 k B OE/dOil Reserves: 14 M B lsGas Reserves: 13 B m3
AUSTRAL BASINTota l Area: 145000 km2 W ells drilled: 1820 Production W ells (2002): 450
• Oil and Gas basin
• On Shore and Of f Shore
• Gas p ipelines to Chile andBs.As.
AUST RAL
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Argentine Crude Oils : Export LogisticsArgentine Crude Oils : Export LogisticsArgentine Crude Oils : Export Logistics
ShipsShipsRailroadRailroadPipelinesPipelines
Rosales Rosales -- LP LP Q = 2150 m3/hQ = 2150 m3/hAllenAllen -- RosalesRosales Q = 1500 m3/hQ = 1500 m3/hP.P.HdezHdez -- LCLC Q = 400 m3/hQ = 400 m3/hP.P.HdezHdez -- ChileChile Q = 750 m3/hQ = 750 m3/h
CuyanaBasin RLPRLP
RLCRLC
RPHRPHNeuquen
Basin
AustralBasin
Golfo SanJorge Basin
NorthBasin
Pto. Rosales
Comodoro Rivadavia
PuntaLoyola
San Sebastián
to Chile
to Paraguay
Exportaciones
Imported crude oils
P.P. Hernand ezHernand ez
AllenAllen
Formo saFormo sa
REFINING AND MARKETINGREFINING AND MARKETING
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31%
11%18%
13%
27% Repsol YPF
Petrobras
Shell
Esso
Other + White PumpGasoline Stations
Service Stations Network in ArgentinaService Stations Network in ArgentinaService Stations Network in ArgentinaREFINING AND MARKETINGREFINING AND MARKETING
Service Stations Distribution in Argentina
Number ofNumber of Service StationsService Stations: 6,096: 6,096Own Data: June 30, 2003
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Red XXI69%
OPESSA7%
Resale24%
Red XXIOPESSAResale
131
1319
454
Number ofNumber of Service Stations: 1,904Service Stations: 1,904
Service Stations by Type of OperationService Stations by Type of OperationREFINING AND MARKETINGREFINING AND MARKETING
Own data: June 30 2003
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Mature market with a low growth rateVery competitive marketHigh negotiation power with distributor / retailerPlant Installed overcapacityGood product offerInadequate regulations controlPresence of small companies with high level of informalityIn the process towards formalization
LPG The LPG Argentine MarketLPG The LPG Argentine Market
Bottling Bulk
Recent development - 6 yearsRepsol YPF Gas is the leader in its developmentRepsol YPF Gas has 50,000 active clients Moderate entry barriersMain competitors: Shell Gas, TotalGaz, Extragas, Amarilla Gas, Areco GasRegional competitiveness
PRICES DEREGULATED THROUGHOUT THE WHOLE CHAIN
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Argentina and Repsol YPFArgentina and Argentina and Repsol Repsol YPFYPF
Source: Secretary of Energy
ARGENTINA ARGENTINA
Annual Data
Argentina
Repsol YPFin
Argentina %
GAS PRODUCTIONMM m3/d
PROVEN GAS RESERVES Billion m3
125
663
44
240
36%
36%
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Metrogas S.A.Metrogas S.A.
70% GASA10% PPP20% NYSE/BCBA
45.33% Repsol YPF
54.67 % BGGASA
METROGAS
OPERATIONS• Country's largest distributor• Covered area: 2,150 km2
• 3 City Gates: Buchanan - Gutiérrez - Ezeiza• Distribution network: 15,774 km • Firm transportation capacity: 22.8 MM m³/day
THE MARKET•City of Buenos Aires and South of Greater Buenos Aires.
• Clients: 1.9 million•Distributed gas volume: 5,755 MM m³ (year 2002)
••Annual Revenues:Annual Revenues: 719 MM $ (fiscal year 2002)
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Gas Natural BANGas Natural BAN
OPERATIONS• Country's highest growth distributor, second largest distributor.• Covered area: 15,000 km2
• Distribution network: 20.369 km.
THE MARKET• North and West of Greater Buenos Aires and Province of Buenos Aires.• Clients: 1.2 million• Distributed gas volume: 3,300 MM m³ (year 2002)
• Annual Revenues:: 436 MM $/year (fiscal year 2002)
GN Ban is a Gas Natural Group Company
Gas Natural SDG19%
Invergas51%
Others30%
Invergas is a Gas Natural subsidiary
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Electricity GenerationElectricity Generation: Argentina : Argentina and and Repsol YPFRepsol YPF
Repsol YPF
Source: CAMMESA
GENERATION CAPACITYMW
%Argentina (1)
(1) According to our interest in each project
(2) At 100% of the projects
Hydro
Nuclear
Thermal
Thermal: 12,733Hydro: 9.540Nuclear: 1.005
Argentina Generation Capacity (MW)
GAS NATURAL Y ELECTRICIDADGAS NATURAL Y ELECTRICIDAD
23,278 800 (1) 3,4%
1,800 (2) 7,7%
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1,130 800 800 71%
Latin American ArgentinaWorld
INSTALLED CAPACITYMW
Electricity GenerationElectricity Generation: Argentina: Argentina andand Repsol YPF (Repsol YPF (contcont.).)NATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY
Argentina vs the
World %
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Power Energy GasMW GWh/year MMm3/d
Filo Morado 63 450 0.8 50%CTT 430 3,200 2.0 45%CTSMT 340 2,500 1.6 45%CDS 775+70 6,000 3.0 40%Chihuido 37 310 0.3 100%Pza. Huincul 37 270 0.3 100%Los Perales 74 550 0.6 100%
Repsol YPF Power PlantsRepsol YPF Repsol YPF Power PlantsPower PlantsNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY
%Interest
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Gas Natural BANGas Natural BAN
MetroGasMetroGas
Litoral GasLitoral Gas
Gas NEAGas NEA MesopotamiaMesopotamia
EcogasEcogas CentroCentro
EcogasEcogas CuyoCuyo
GasnorGasnor
CamuzziCamuzzi Gas PampeanaGas Pampeana
CamuzziCamuzzi Gas del SurGas del Sur
Natural Gas Distribution CompaniesNatural Gas Distribution CompaniesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY
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MetroGasMetroGas
Gas Natural BANGas Natural BAN
Natural Gas Distribution CompaniesNatural Gas Distribution CompaniesNATURAL GAS AND ELECTRICITYNATURAL GAS AND ELECTRICITY
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CHEMICALSCHEMICALSPetrochemical Investments Petrochemical Investments in Argentinain Argentina
PROJECT
MEGA 690 Ethane, LPG, GasolineProfertil 680 Urea / Ammonia
PBB 875 Ethylene (Enlargement)PolisurPolyethylene (Enlargement)
Metanol 140 Methanol
MM US$INVESTMENTS PRODUCTS
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PLAZA HUINCUL REFINERY
METHANOL(411 KT/YEAR)
METHANOL PROJECT (100%)
MAXIMUM INTEGRATION BETWEEN UPSTREAM AND BASE CHEMICALS
NAT
URAL
G
AS
BAHÍA BLANCA
UREA ( 1,100 KT/YEAR)
AMMONIA (750 KT/YEAR)
YPFPROFÉRTIL (50%)
ETH
ANE ETHYLENE
(700 KT/YEAR )POLYETHYLENE
600 KT/YEAR
YPF PBB Polisur (28%)
NATU
RAL
GAS
YPF RE-VAMP(+328 KT/YEAR)
IntegrationIntegrationIntegrationCHEMICALSCHEMICALS
PBB Polisur (28%)
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LA P
LATA
REFI
NER
Y
NAPHTA AROMATICS UNIT(600 KT/YEAR)
BENZENE
CYCLOHEXANETOLUENES XYLENES
PROPYLENEPROPANE
C4 FRACTION
OLEFIN UNIT (429 KT/YEAR)
PP (PETROKEN)OXO ALCOHOLSMTBE, BUTENE,BUTANE
ENSENADA PLANT
MAXIMUM INTEGRATION BETWEEN REFINERIES AND BASE AND DERIVATIVE CHEMICALS
Integration (cont.)Integration (cont.)Integration (cont.)CHEMICALSCHEMICALS