Italian Young Ship-owners Group of Confitarma The Brazilian Economy Climbs World Rankings: Which are the Opportunities for the Italian Shipping Companies? October 28, 2010
The Planet 120 million years ago
The Pre-salt Area
The Pre-salt Area
The Santos Basin Pre-salt Province Concessions BMS-8 BMS-9 BMS-10 BMS-11 BMS-21 BMS-22 BMS-24 Partners BR (66%), SH (20%) e PTG (14%) BR (45%), BG (30%) e RPS (25%) BR (65%), BG (25%) e PAX (10%) BR (65%), BG (25%) e PTG (10%) BR (80%), PTG (20%) EXX (40%), HES (40%) e BR (20%) BR (80%), PTG (20%) Distance from the coastline = 400 km Total Area = 15.000 km 2
Santos Basin Pre-salt Province X Campos Basin
Santos Basin Pre-salt Province X Campos Basin
Pre-salt Typical Well
Pre-salt X GoM
Development Strategy - Chronology Jubarte LDT Tupi LDT Tupi Pilot Significant Level of Production 2007 2009 2010 2012... 2017... t PHASES Acquiring Knowledge Long Term Development Fase 0 Fase 1A Fase 1B Focus Objetive LDT Tupi (03/2009) Tupi Pilot(12/2010) Delimitation Wells Delimitation of areas Reservoir flow analyses Well estimulation tests Metal analyses X CO2 Reach a significant production in 2017 Implementation of 2 production pilots and 8 replicated FPSOs. Analyze performance of water and CO 2 injection Launch X production units. Analyze adaptation on platforms due to variations in CO 2 content Experiment enhancements in the well project Introduce technological solutions in logistics to optimize performance of well design. Fase 0 Obtenção de informações Fase 1 Desenvolvimento definitivo dividido em 1A e 1B (continuidade)
Supermajors Production Projection
Strategic Plan for 2010 2014 Investment of US$ 224 bilhões 2% 1% 2% 1% 8% 2,5 2,8 5,1 3,5 17,8 Brasil e Exterior 73,6 Exterior 5% 17,8 73,6 118,8 53% 11,7 33% 66,4 212,3 E&P RTC G&E Petroquimica Distribuição Biocombustíveis Corporativo Brasil 95%
Necessity for Vessels Production Platforms Drilling Rigs Tankers Supply Vessels
Drilling Rigs Fleet of 54 drilling rigs currently in operation in Brazil; 18 drilling rigs (2.000m and over) already contracted and being built in shipyards outside Brazil; (4, 5 and 8 years); Biding for 28 adicional drilling rigs (2.000m and over) to be built in Brazil. (10 years)
Tankers Growth of Deadweight (%)
Tankers Daily Operation Number Country Petrobras 50 100% Brazil TCP 90 8% Italy VCP 50 Varies Total 190
Tankers New Buildings Already Contracted - EBN Grupo Classe de Navios Nº de Navios Empresas A Escuros 40-45.000 dwt 3 Kingfish B Claros 40-45.000 dwt 3 Global C Escuros 30.000 dwt 2 Pancoast D Claros 30.000 dwt 2 Pancoast E Navios de bunker - AB < 2.000 3 Delima F Navios de bunker - AB > 2.000 3 São Miguel G Gaseiros Pressurizados 7.000 m3 3 Elcano Total 19
Grupo Tankers New Buildings Presently Waiting for Proposals - EBN Classe de Navios A Aframax - 80-120.000 dwt - Escuros 3 B Panamax - 60-80.000 dwt - 2 para claros e 1 para escuros 3 C MR 40-50.000 dwt - Claros 4 D MR 40-50.000 dwt - Escuros 4 E Handy Size10.000 dwt - Escuros 2 F GLP - 12.000 m3 2 G GLP- 8.000 m3 2 Total 20 Nº de Navios
Tankers New Buildings PROMEF Already Contracted: EAS (PE): - 10 Suezmax (160.000 Gross tonnage) - 5 Aframax (110.000 Gross tonnage) - 4 offloading Suezmax DP (Dynamic Positioned) (160.00 Gross tonnage) - 3 offloadings Aframax DP (Dynamic Positioned) (110.000 Gross tonnage) EISA (RJ) - 4 Panamax (73.000 Gross tonnage) Mauá (RJ) 4 Produtcs Ships (48.000 Gross tonnage) Superpesa (RJ) 3 Bunker Ships Rio Nave (RJ) 5 Products Ships 30 mil Gross tonnage Promar (PE) - 8 Gas Ships (four for 7.000 m³, two for 12.000 m³ and two for 4.000 m³) TOTAL: US$ 4,7 Billion 54 Ships 19 Tender at final phase: 3 product ships The first 5 ships to be delivered in 2011 and the remaining 49 ships until June, 2015
Supply Vessels Daily Operation Vessel Type Qtd Vessel Type Qtd AHTS Anchor Handling Tug Sypply 60 PSV Platform Supply Vessel 105 TS Tug Supply 03 SV Environment Watch Dog 06 OSRV Oil Recovery 03 UT / P Fast Vessel 30 LH Line Handling 30 RSV / DSV/ SESV 13 Total 240
Demand for Cargo and Supply Vessels 1.000.000 900.000 800.000 700.000 600.000 500.000 400.000 300.000 200.000 100.000 0 Demand for Cargo: General Cargo + Fluids + Bulk (ton) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 BC BS ES
Bandeiras das Embarcações 240 Embarcações
Nationality Country Nr. of Vessels BRASIL 107 (45 %) EUA 54 (22 %) NORUEGA 30 (12 %) DINAMARCA 16 (7 %) FRANÇA 15 (6 %) ITALIA 11 ( 5 %) BAHAMAS 6 (2 %) INGLATERRA 1 (1 %) Company Nr. Country ASTROMARÍTIMA 25 BRASIL PAN MARINE 24 EUA OPMAR / BRAM 17 EUA MAERSK 16 DINAMARCA SEABULK 15 BRASIL CBO 14 BRASIL BOURBON / DELBA 13 FRANÇA PETRO SANTOS 13 BRASIL NORSKAN 12 NORUEGA WILSON, SONS 12 BRASIL FINARGE 7 ITALIA AUGUSTA 4 ITALIA OUTRAS 68 -------------------