Jorge R. PiñonCuba: Energy Profile 20071 Cuba Energy Profile 2007/08.

Jorge R. Piñon Cuba: Energy Profile 2007 1

CubaEnergy Profile 2007/08


Crude Oil Production mbd…

0

10

20

30

40

50

60

70

2003 2004 2005 2006 2007

Pebercan

Sherritt

Cupet


North Coast Oil Reservoirs…


Cuba’s Coastal & On Shore Blocks…


Natural Gas Production MMm³…

0

200

400

600

800

1000

1200

1400

2003 2004 2005 2006 2007E


Varadero Energas Plant…


Boca de Jaruco Energas Plant…


Cuba/Mexico/USA EEZ …

• December 16, 1977• Two Year Provisional Application• 112,000 km2 – 59 Bocks • USGS Undiscovered Resources P50

4.2 MMBO Oil

0.8 MMBO NGL

8.6 BCFG Natural Gas


EEZ Exploration Blocks…


Cuba/Mexico/USA EEZ …

N25-29, N36 Repsol-Spain (40%) NorskHydro-Norway (30%)

ONGC-India (30%)

N16, N23-24, N33 Sherritt-Canada (100%)

N34-35 ONGC-India (100%)

N44-45, N50-51 Petronas-Malaysia (100%)

N53-54, N58-59 PDVSA-Venezuela (100%)

N31-32, N42-43 PetroVietnam (100%)

N37 Petrobras (100%)


USA-Cuba-Mexico Eastern Gap…


Supply/Demand Balance mbd…

_______________________________________________2003 2004 2005 2006 2007

Crude Production 65.5 57.9 52.3 51.6 51.7Refinery Production 52.0 44.6 46.8 43.9 46.3

Crude Imports 45.2 38.7 43.4 40.4 45.1Products Imports 42.5 52.2 58.2 65.8 52.5Total Imports 87.7 90.9 101.6 106.2 97.6

Petroleum Demand 147.2 146.4 145.7 144.2 147.2Inventory Built/Draw 12.8 8.3 8.2 17.1 3.3


Crude Oil Refinery Capacity mbd…

_______________________________________________

La Habana (Shell/Esso) 121 / 20Santiago de Cuba (Texaco) 101 / 22Cienfuegos (PdvsaCupet S.A.) 66 / 53*Total 288 mbd

2003 2004 2005 2006 2007

Refinery Production 51.9 44.6 46.8 43.9 46.3

Operable Capacity % 23.5 20.1 21.2 19.9 21.0

* Cienfuegos 2008


Cienfuegos Refinery…

Crude Capacity 66 mbd

Hydrotreater 8Cat Reformer 8Light Ends Frac 10

2008 Runs/Yield: 51 mbd

LPG (2%) 1 Naphta (16%) 8Diesel (22%) 11Jet-Kero (10%) 5Fuel Oil (51%) 26


Cienfuegos Crude Arrivals…

Andros Four Moons


Cienfuegos Refinery…


2007 petroleum consumption by product …

3% 6%

22%

5%

64%

LPG

Mogas

FO+Crude

Diesel

Jet+Kero


LPG consumption mbd…

0

1

2

3

4

5

6

7

2002 2003 2004 2005 2006


Kero consumption mbd…

0

1

2

3

4

5

6

2002 2003 2004 2005 2006


Diesel Consumption mbd…

22

23

24

25

26

27

28

29

30

2002 2003 2004 2005 2006


FO + Crude Consumption mbd…

82

84

86

88

90

92

94

96

98

2002 2003 2004 2005 2006


Transportation FuelsDistribution and Marketing

2006 Sector

Rationalization

Fuel Facilities

2093 > 754

Distribution Terminals

326 > 23


Petroleum Imports/Equity Value($mm)

2003 2004 2005 2006 2007

Ven. Imports 0.899 1.187 1.877 2.260 2.430

Canadian % 0.121 0.221 0.273 0.360 0.401

Total $mm 1.020 1.408 2.150 2.620 2.831

WAAC $bll: 27.58 33.52 48.86 55.74 62.91


Cuba’s Alternatives…


Electric Power Sector

2007 Installed Capacity 5766 MW

Thermo-Electric (7) 2940 (60%)Diesel Power Clusters 1300Fuel Oil Power Clusters 587IPP Co-Gen Facilities 446Energas 376Other 117Peak Demand 2500 MW


Electric Power Sector

Diesel Power Clusters - Grupos Electrogenos


Electric Power Sector…

2007 Electric Demand 17,621 MWh

Residential 6,161

Industry 4,700

State 2,758

Other 1,048

Losses 2,954


Electric Power Sector…

2006 Transmission System

6,816 km of 220kV & 110kV Lines 9,224 km Subtransmission 33kV33,400 km Primary Distribution Lines26,923 km Secondary Distribution Lines

116,000 New Posts & 22,000km New Lines10,400 New Transformers

$362 million


Sugarcane Industry

5 Year Development Program Potential

1 MM hct 60 mt/hct 60 MMmt13.5 %/mt Sugar 22 gal/ton Ethanol16 MMmt Bagasse 85 Kwh/220 Kwh

50/50 Production Model$0.12 lb sugar $1.85 gal ethanol $41.25 Mwh

$3-5 billion Captial Investments $2.7 billion Revenues

Jorge R. PiñonCuba: Energy Profile 20071 Cuba Energy Profile 2007/08.

Documents

Transcript of Jorge R. PiñonCuba: Energy Profile 20071 Cuba Energy Profile 2007/08.