Brazil Oil Markets, 2011

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Brazil Oil Markets, 2011
Published on June 2011

Report Summary


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 2000-2015.
- 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.

Table of Content

1 Table Of Contents
1 Table Of Contents 2

Brazil Oil Markets, 2011 (From Slideshare) Page 1/9


1.1 List of Tables 8
1.2 List of Figures 10
2 Brazil Energy Sector 11
2.1 Brazil Energy Sector, Market Overview 11
2.2 Brazil Energy Sector, Crude Oil 12
2.2.1 Brazil Crude Oil, Overview 12
2.2.2 Brazil Crude Oil, Supply and Demand Balance 12
2.2.3 Brazil Crude Oil Regulatory Structure 18
2.2.4 Brazil Crude Oil, Infrastructure 19
3 Brazil Oil Upstream Investment Environment Benchmarking 20
3.1 Introduction 20
3.2 The Overall Ranking 20
3.3 Upstream Fiscal Attractiveness 21
3.3.1 Maximum Government Take Index 22
3.3.2 Maximum State Participation Index 22
3.3.3 Domestic Market Obligation Index 22
3.4 Oil Sector Performance 23
3.4.1 Exploration Activity 25
3.4.2 Oil Production 26
3.4.3 Oil Reserves 26
3.4.4 Oil Consumption 27
3.4.5 Refining Industry 27
3.5 Economic Performance 27
3.5.1 GDP Growth Index 29
3.5.2 FDI Confidence Index 29
3.5.3 Balance of Trade Index 30
3.6 Socio-Political Performance 30
3.6.1 Democracy Index 32
3.6.2 Governance Index 32
4 Brazil Exploration and Production Sector 33
4.1 Brazil Exploration and Production Sector, Country Snapshot 33
4.1.1 Brazil Exploration and Production Sector, Key Data 33
4.1.2 Brazil Exploration and Production Sector, Crude Oil Assets Map 33
4.2 Brazil Exploration and Production Sector, Gross Crude Oil Production 34
4.2.1 Brazil Exploration and Production Sector, Total Gross Crude Oil-Historical Production 34
4.2.2 Brazil Exploration and Production Sector, Gross Crude Oil-Historical Production by Type 35
4.2.3 Brazil Exploration and Production Sector, Gross Crude Oil Production by Assets 36
4.2.4 Brazil Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 38
4.2.5 Brazil Exploration and Production Sector, Market Share of Key Companies Based on Gross Equity Weighted Crude Oil
Production 39
4.3 Brazil Exploration and Production Sector, Gross Crude Oil Forecasts 41
4.3.1 Brazil Exploration and Production Sector, Gross Crude Oil Forecasted Production 41
4.4 Brazil Exploration And Production Sector, Crude Oil Asset Details 43
4.4.1 Brazil Exploration And Production Sector, Active Crude Oil Asset Details 43
4.4.2 Brazil Exploration And Production Sector, Planned Crude Oil Asset Details 46
4.5 Brazil Exploration And Production Sector, Major Oil Discoveries 48
4.5.1 Brazil Exploration And Production Sector, Number of Oil Discoveries, 2005- 2010 48
4.5.2 Brazil Exploration And Production Sector, Oil Discovery Details 49



4.6 Brazil Exploration And Production Sector, Recent Discoveries 54
4.6.1 May 17, 2011: OGX Declares Commerciality For Two Accumulations In Parnaíba Basin, Brazil 54
4.6.2 May 12, 2011: OGX Discovers Hydrocarbons At Well OGX-30 In Santos Basin, Brazil 54
4.6.3 Apr 28, 2011: Petrobras Discovers Oil At 6-AB-119D-RJS Well In Albacora Field, Brazil 55
4.6.4 Apr 20, 2011: OGX Finds Hydrocarbons At 3-OGX-40D-RJS Well In BM-C-41 Block, Brazil 55
4.6.5 Apr 15, 2011: OGX Finds Hydrocarbons At 1-OGX-33-RJS Well On BM-C-41 Block In Campos basin, Brazil 56
4.7 Brazil Exploration And Production Sector, Drilling and Production Updates 56
4.7.1 Apr 28, 2011: Canacol Energy Provides Production Update 56
4.7.2 Apr 27, 2011: Petrobras Provides Production Update 57
4.7.3 Apr 25, 2011: HRT Starts Drilling 1-HRT-1-AM Exploration Well In Solimoes Basin, Brazil 57
4.7.4 Apr 18, 2011: MPX Energia Provides Production Update 57
4.7.5 Apr 15, 2011: OGX Provides Production Update 58
5 Brazil FPSO Industry 59
5.1 Brazil FPSO Industry, FPSO Capacity Details by Vessel 59
5.2 Brazil FPSO Industry, FPSO Vessel Specifications 60
6 Brazil FSO Industry 62
6.1 Brazil FSO Industry, FSO Capacity Details by Vessel 62
6.2 Brazil FSO Industry, FSO Vessel Specifications 62
7 Brazil Pipeline Sector 63
7.1 Brazil Pipeline Sector, Key Data 63
7.2 Brazil Pipeline Sector, An Overview 63
7.3 Brazil Pipeline Sector, Crude Oil Pipeline Companies 63
7.4 Brazil Pipeline Sector, Petroleum Product Pipeline Companies 64
7.5 Brazil Pipeline Sector, Crude Oil Pipelines 64
7.6 Brazil Pipeline Sector, Petroleum Products Pipelines 65
8 Brazil Refining Sector 67
8.1 Brazil Refining Sector, Key Data 67
8.2 Brazil Refining Sector, An Overview 67
8.2.1 Brazil Refining Sector, Total Refining Capacity 67
8.3 Brazil Refining Sector, Capacity- Wise Market Share by Company 68
8.4 Brazil Refining Sector, Crude Distillation Unit Capacity 70
8.5 Brazil Refining Sector, Coking Capacity 71
8.6 Brazil Refining Sector, Fluid Catalytic Cracking Capacity 72
8.7 Brazil Refining Sector, Hydrocracking Capacity 73
9 Brazil Oil and Chemicals Storage Sector 74
9.1 Brazil Oil and Chemicals Storage Sector, Key Data 74
9.2 Brazil Oil and Chemicals Storage Sector, An Overview 74
9.2.1 Brazil Oil and Chemicals Storage Sector, Total Storage Capacity 74
9.3 Brazil Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 75
9.4 Brazil Oil and Chemicals Storage Sector, Storage Capacity 76
10 Profile of Petroleo Brasileiro S.A. 83
10.1 Petroleo Brasileiro S.A., Key Information 83
10.2 Petroleo Brasileiro S.A., Company Overview 83
10.3 Petroleo Brasileiro S.A., Business Description 83
10.3.1 Business Overview 83
10.3.2 Distribution 84
10.3.3 Gas and Power 84
10.3.4 International 85



10.3.5 Refining, Transportation and Marketing 86
10.4 Petroleo Brasileiro S.A., SWOT Analysis 87
10.4.1 Overview 87
10.4.2 Petroleo Brasileiro S.A. Strengths 88
10.4.3 Petroleo Brasileiro S.A. Weaknesses 89
10.4.4 Petroleo Brasileiro S.A. Opportunities 89
10.4.5 Petroleo Brasileiro S.A. Threats 91
11 Profile of Royal Dutch Shell plc 93
11.1 Royal Dutch Shell plc, Key Information 93
11.2 Royal Dutch Shell plc, Company Overview 93
11.3 Royal Dutch Shell plc, Business Description 93
11.3.2 Corporate 94
11.3.3 Downstream 94
11.3.4 Upstream 96
11.4 Royal Dutch Shell plc, SWOT Analysis 97
11.4.1 Overview 97
11.4.2 Royal Dutch Shell plc Strengths 97
11.4.3 Royal Dutch Shell plc Weaknesses 98
11.4.4 Royal Dutch Shell plc Opportunities 99
11.4.5 Royal Dutch Shell plc Threats 100
12 Profile of Statoil ASA 102
12.1 Statoil ASA, Key Information 102
12.2 Statoil ASA, Company Overview 102
12.3 Statoil ASA, Business Description 102
12.3.2 Exploration and Production Norway 103
12.3.3 International Exploration and Production 104
12.3.4 Manufacturing and Marketing 104
12.3.5 Natural Gas 105
12.4 Statoil ASA, SWOT Analysis 106
12.4.1 Overview 106
12.4.2 Statoil ASA Strengths 107
12.4.3 Statoil ASA Weaknesses 108
12.4.4 Statoil ASA Opportunities 109
12.4.5 Statoil ASA Threats 111
13 Financial Deals Landscape 112
13.1 Detailed Deal Summary 112
13.1.1 Acquisition 112
13.1.2 Equity Offerings 116
13.1.3 Debt Offerings 120
13.1.4 Partnerships 123
13.1.5 Asset Transactions 124
14 Recent Developments 131
14.1 License Rounds 131
14.1.1 Apr 28, 2011: Brazil To Launch Bidding Round For 174 Oil And Gas Licenses In September 2011 131
14.2 Strategy and Business Expansion 131
14.2.1 May 25, 2011: Statoil And Petrobras Sign LoI For Operational Synergy 131



14.2.2 Apr 25, 2011: INPEX To Open Office In Rio de Janeiro, Brazil 132
14.3 Other Significant Developments 132
14.3.1 May 25, 2011: MODEC, Mitsui And Mitsubishi To Build And Charter FPSO To GUARA 132
14.3.2 May 24, 2011: Peregrino Field In Brazil Officially Opened 133
14.3.3 May 18, 2011: Eromanga Hydrocarbons Provides Operations Update 133
14.3.4 May 09, 2011: Petrobras And JOGMEC To Conduct Feasibility Study On Flexible Pipe Design For Pre-Salt Cluster 134
14.3.5 Apr 28, 2011: Petrobras Starts EWT At Lula Field In Santos Basin, Brazil 135
14.3.6 Apr 20, 2011: Petrobras Starts Extended Well Test In Brava Area, Brazil 135
14.3.7 Apr 11, 2011: Petrobras Completes Formation Test At Guara Extension Well 135
15 Appendix 136
15.1 Abbreviations 136
15.2 Methodology 136
15.2.1 Coverage 136
15.2.2 Secondary Research 137
15.2.3 Primary Research 137
15.2.4 Expert Panel Validation 137
15.3 Contact Us 138
15.4 Disclaimer 138

1.1 List of Tables

Table 1: Brazil, Historical and Forecast Production and Consumption of Crude Oil, Thousand Barrels Per Day, 2000-2020 13
Table 2: Brazil, Historical and Forecast Exports and Imports of Crude Oil, Thousand Barrels Per Day, 2000-2020 15
Table 3: Brazil, Historical Reserves of Crude Oil, Million Barrels, 2000-2010 17
Table 4: South and Central America, Investment Benchmarking, Overall Country Rankings, May 2011 20
Table 5: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 21
Table 6: South and Central America, Investment Benchmarking, Oil Sector Performance, May 2011 23
Table 7: South and Central America, Investment Benchmarking, Economic Performance, May 2011 28
Table 8: South and Central America, Country Standings, Economic Performance, May 2011 28
Table 9: South and Central America, Investment Benchmarking, Socio-Political Performance, May 2011 30
Table 10: South and Central America, Country Standings, Socio-Political Performance, May 2011 31
Table 11: Brazil, Crude Oil Key Statistics, 2010 33
Table 12: Brazil, Total Gross Crude Oil Production (MMBBLs), 2003-2010 34
Table 13: Brazil, Gross Crude Oil Production (MMBBLs) by Type, 2003- 2010 35
Table 14: Brazil, Gross Crude Oil Production (MMBBLs), by Major Assets, 2003-2010 36
Table 15: Brazil, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2003- 2010 38
Table 16: Brazil, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2010 39
Table 17: Brazil, Gross Crude Oil Production (MMBBLs), Forecast by Major Assets, 2011- 2015 41
Table 18: Brazil, Major Active Oil Field Asset Details 43
Table 19: Brazil, Planned Oil Field Asset Details 46
Table 20: Brazil, Number of Oil Discoveries, 2005- 2010 48
Table 21: Brazil, Oil Discovery Details, 2005-2010 49
Table 22: Brazil, Oil Discovery Details, 2005-2010 (Contd.1) 50
Table 26: Brazil FPSO Industry, FPSO Oil Production Capacities, May 2011 59
Table 27: Brazil FPSO Industry, FPSO Oil Production Capacities, May 2011 (Contd.1) 60



Table 28: Brazil FPSO Industry, FPSO Vessel Specifications, May 2011 60
Table 29: Brazil FPSO Industry, FPSO Vessel Specifications, May 2011 (Contd.1) 61
Table 30: Brazil FSO Industry, FSO Oil Production Capacities, May 2011 62
Table 31: Brazil FSO Industry, FSO Vessel Specifications, May 2011 62
Table 32: Brazil, Pipeline Key Statistics, May 2011 63
Table 33: Brazil, Crude Oil Pipeline Length by Company (Km), May 2011 63
Table 34: Brazil, Petroleum Product Pipeline Length by Company (Km), May 2011 64
Table 35: Brazil, Crude Oil Pipelines, May 2011 64
Table 36: Brazil, Petroleum Products Pipelines, May 2011 65
Table 37: Brazil, Petroleum Products Pipelines, May 2011 (Contd.1) 66
Table 38: Brazil, Refinery Key Statistics, May 2011 67
Table 39: Brazil, Total Refining Capacity (MMTPA), 2000- 2015 67
Table 40: Brazil, Refining Capacity by Company (MMTPA), 2000-2015 68
Table 41: Brazil, Crude Distillation Unit Capacity (MMTPA), 2000-2015 70
Table 42: Brazil, Crude Distillation Unit Capacity (MMTPA), 2000-2015 71
Table 43: Brazil, Coking Unit Capacity (MMTPA), 2000-2015 71
Table 44: Brazil, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 72
Table 45: Brazil, Hydrocracking Unit Capacity (MMTPA), 2000-2015 73
Table 46: Brazil, Oil and Chemicals Storage Key Statistics, May 2011 74
Table 47: Brazil, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 74
Table 48: Brazil, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 75
Table 49: Brazil, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 76
Table 50: Brazil, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.1) 77
Table 56: Petroleo Brasileiro S.A., Key Facts 83
Table 57: Petroleo Brasileiro S.A., SWOT Analysis 87
Table 58: Royal Dutch Shell plc, Key Facts 93
Table 59: Royal Dutch Shell plc, SWOT Analysis 97
Table 60: Statoil ASA, Key Facts 102
Table 61: Statoil ASA, SWOT Analysis 107
Table 62: Maersk Oil To Acquire SK do Brasil From SK Energy 112
Table 63: Petrobras To Acquire 30% Stake In Refinaria Alberto Pasqualini 113
Table 64: Brookwater Ventures To Acquire Agua Grande Exploracao 114
Table 65: Sinopec Acquires 40% Stake In Repsol YPF Brasil 115
Table 66: PetroReconcavo Plans For IPO 116
Table 67: Brookwater Ventures Completes Non-Brokered Private Placement Of $1.5 Million 116
Table 68: Petrobras Plans To Raise Upto $1,600 Million 117
Table 69: QGEP Participacoes Completes IPO Of $775m 118
Table 70: HRT Participacoes em Petroleo Completes IPO 119
Table 71: Petroleo Brasileiro Completes Offering Of 3.875% Senior Unsecured And Un Subordinated Notes Due 2016 For $2,500
Million 120
Million 121



Million 122
Table 74: Petrobras Forms Joint Venture With Sinopec 123
Table 75: Panoro Energy And Brasoil To Farm Out Its Interest In Three Exploration Blocks In Brazil 124
Table 76: ONGC To Acquire 43.5% Stake In BM-S-74 Block 125
Table 77: Petroleo Brasileiro And Ecopetrol To Acquire Stake In BM-S-73 Block In A Swap Transaction 126
Table 78: Petrobras To Acquire 30% Participation Interest In Block XX-Tarija Oeste In Bolivia For $63.8 Million 127
Table 79: Somoil Internacional And Sonangol Starfish Signs Farm-out Agreement With Agua Grande 128
Table 80: OGX Petroleo Acquires Additional 35% Stake In BM-S-29 Block 129
Table 81: BPCL Plans To Sell Its Oil And Gas Blocks 130

1.2 List of Figures

Figure 1: Brazil, Energy Consumption Split by Fuel Type (%), 2010 11
Figure 2: Brazil, Crude Oil Production And Consumption, Thousand Barrels Per Day, 2000-2020 14
Figure 3: Brazil, Crude Oil Exports And Imports, Thousand Barrels Per Day, 2000-2020 16
Figure 4: Brazil, Crude Oil Reserves, Million Barrels, 2000-2010 18
Figure 5: South and Central America, Country Standings, Upstream Fiscal Attractiveness, May 2011 22
Figure 6: South and Central America, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, May 2011
24
Figure 7: South and Central America, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, May 2011
25
Figure 8: South and Central America, Country Standings, Number Of Exploration Blocks Awarded, May 2011 26
Figure 9: South and Central America, Country Standings, Economic Performance, May 2011 29
Figure 10: South and Central America, Country Standings, Socio-Political Performance, May 2011 31
Figure 11: Brazil, Crude Oil Fields Map, May 2011 33
Figure 12: Brazil, Total Gross Crude Oil Production (MMBBLs), 2003-2010 34
Figure 13: Brazil, Gross Crude Oil Production (MMBBLs) by Type, 2003-2010 35
Figure 14: Brazil, Gross Equity Weighted Crude Oil Production by Key Companies (MMBBLs), 2003-2010 39
Figure 15: Brazil, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2010 40
Figure 16: Brazil, Number of Oil Discoveries, 2005- 2010 48
Figure 17: Brazil, Total Refining Capacity (MMTPA), 2000- 2015 68
Figure 18: Brazil, Refining Capacity by Company (%), 2010 69
Figure 19: Brazil, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 75
Figure 20: Brazil, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 76

Companies Mentioned
Petroleo Brasileiro S.A.
Royal Dutch Shell plc
Statoil ASA


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Brazil Oil Markets, 2011

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