Presentación de PowerPoint

Hydrocarbon Investment
Opportunities in Peru
Luis Ortigas Cuneo
Chairman of the Board
January, 2014
INDEX
1. Peru: an underexplored country
2. General Remarks
3. Contract Terms
4. New Bidding Rounds 2014
5. The Data Bank
6. Final Remarks
1. Peru: An underexplored country
Large available areas for exploration
Peru is located within one of the most prolific
hydrocarbon trends in South America:
“The Sub Andean Megatrend”
2
1
Light oil areas in Western Marañon Basin
1
2.
Heavy oil areas in Eastern Marañon Basin
3.
Hydrocarbon Occurrence in Ucayali Basin
4.
Camisea and adjacent gas and condensate
fields
Areas with historical production of over 150 years
5.
Light oil areas in Tumbes and Talara Basins
5
3
4
Hydrocarbon Producing Areas
MARAÑÓN BASIN
Accumulated
1,000 BBO
Daily
25,000 BOD
TALARA BASIN
Accumulated
1,500 BBO
Daily
38,000 BOD
30 BCFGD
UCAYALI BASIN
Accumulated
31BBO
130 BBC
0.8 TCFG
Daily
300 BOD
106,000 BCD
1,181 BCFGD
Distribution of Wildcats in 18 Basins
BASINS
Talara
Marañón
Ucayali
Sechura
Tumbes Progreso
Santiago
Madre de Dios
Trujillo
Titicaca
Pisco
Huallaga
Lima
Mollendo
Salaverry
Moquegua
Bagua
Ene
Wildcats
1,299
115
59
24
13
7
6
4
4
1
1
1
0
0
0
0
0
1,534
%
Ucayali
84.68
Marañón
7.50
3.85
1.56
0.85
0.46
0.39
0.26
0.07
0.07
0.00
0.00
0.00
0.00
0.00
0.00
0.00
100.00
Sechura
Talara
Marañón
Ucayali
Sechura
Tumbes - Progreso
Santiago
Madre de Dios
Trujillo
Titicaca
Pisco
Huallaga
Lima
Mollendo
Salaverry
Moquegua
Talara
Bagua
Ene
98% Wildcats: 4 basins
2. General Remarks
Sustained GDP growth
During the last 10 years the Peruvian economy increased very rapidly …
Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión
* Estimated data
Sustained GDP growth
… and will continue leading the regional growth making the GDP to
become higher than the world average by 2020 …
Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión
The economic growth
The economic growth has been impelled by the high private investment …
Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas
* Estimated data
Investment
… which represents near 22 % of the GDP …
Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión
* Estimated data
Foreign Direct Investment
… Peru is attractive for Foreign Direct Investment, which registered a
level up to 12,000 million US $ in 2012
Degree of Investment and Confidence
Peru has deserved a good investment rate and the investors confidence
due to its favorable economic policy
Source: Banco Central de Reserva del Perú, Ministerio de Economía y Finanzas, IMF y ProInversión
* Estimated data
3. Contract Terms
The model of the contract: A Contract Law
PERU:
CONSTITUTIONAL GUARANTY
“CONTRACT LAW”
• Established under Article 62° of the Peruvian Constitution.
• Contracts between PERUPETRO and Contractors may only be
modified by agreement of the Parties.
• The Constitution guarantees equal treatment for domestic
investments and foreign investments.
License Contract Remarks
• Flexible Work Programs: can be set in Exploratory Work Units
(EWU).
• Technical Information available free of charge.
• No signing bonus for the Contract.
• Free decision of the Contractor to continue the exploration during
the production phase.
• International arbitration as part of the License Contract.
4. New bidding rounds in 2014
Contract term about to end – Marañón basin
BLOCK 1AB
Next Bidding Round – Block 1 AB
Block 1-AB:
Active wells: 116
Fields under
Production: 12
Access ways: air and
river
Rivers: Tigre,
Corrientes and Pastaza
Next Bidding Round - New Blocks
26 Blocks for
Exploration
activities in the
Jungle basins
For further information:
[email protected]
5. The Data Bank
The Data Bank
1.
All seismic, well
data, well logs and
technical reports
available.
2.
Available for
download on
request
3.
No charge for Data
and Reports
http://www.perupetro.com.pe
6. Final Remarks
Final Remarks
•
Peru has 18 sedimentary basins with 83 million hectares (ha), most of them under an
immature exploration stage.
•
There are 76 contracts of exploration and exploitation with 33 million hectares. There is
a remaining of 50 million ha for new contracts.
•
It is estimated that Peru will have a total of up to 4,000 million boe of proved reserves
during 2014, in which the natural gas and NGL would be the major volume.
•
As a result of the new discoveries, the proved reserves of oil, natural gas and NGL have
had a sustained increment during the last 20 years.
•
The most prolific and successfully productive region is the Sub Andean trend, with a
success ratio of 77 %
•
The maintenance of an investment level of around 2,000 million of U.S. $ per year is
required for the purpose of improving the actual reserves level.
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Final Remarks
•
26 new blocks for hydrocarbon exploration activities in the Jungle Amazon region during
2014.
•
6 Offshore blocks for hydrocarbon exploration activities during 2014.
•
1 Block with current production during 2014 – Block 1-AB
•
Excellent projects for a still underexplored country. 98% of the wildcats drilled is
concentrated in just four basins.
•
Peru offers the best economic framework and business environment as a destination for
foreign investment.
•
The Data Bank offers technical information regarding these basins free of charge for
enterprises interested in hydrocarbon exploration and exploitation activities in Peru.
Thank you for your attention…
www.perupetro.com.pe
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