Rio oil and gas expo conference diretor de abastecimento, paulo roberto costa
Transcript of Rio oil and gas expo conference diretor de abastecimento, paulo roberto costa
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Paulo Roberto CostaDownstream DirectorPaulo Roberto CostaDownstream Director
Petrochemical andRefining Integration -Petrobras Panorama
Petrochemical andRefining Integration -Petrobras Panorama
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AgendaAgenda:: Strategic Plan - 2020
:: Refining Investments
:: Petrochemical Industry
:: Petrochemical-Refining Integration
:: Petrochemical Investments
:: Conclusions
:: Strategic Plan - 2020
:: Refining Investments
:: Petrochemical Industry
:: Petrochemical-Refining Integration
:: Petrochemical Investments
:: Conclusions
Natural GasNatural Gas • Gas Sales: 50 millions of m³/day (brazilian production and imports)
Exploration and Production Exploration and Production
• Proven reserves : 11.7 Billion boe (not including the Tupi, Jupiter, Carioca, Iara and Bem-Te-Vi discoveries)
• Oil and gas production: 2.065 millions boe/d (SEC 2007)
Petrochemical and Fertilizers Petrochemical and Fertilizers
• Petrobras has relevant shares of the two main brazilian petrochemical companies, Quattor (40%) and Braskem (30%). These two companies run 27 petrochemical plants, producing basic petrochemicals and plastic resins. • The fertilizers plants, located at Bahia and Sergipe states, produced together, during 2007 campaign, 235,000 t of ammonia and 824,000 t of urea, most of them to Brazilian market.
• Over 7,000 service stations, constituting the largest and the unique station network spread throughout brazilian territory.
• Over 10,000 clients among industries, thermoelectric companies, airlines and vehicle fleets.
DistributionDistribution
Refining, Transportation and Marketing
Refining, Transportation and Marketing
• 16 Refineries – Brazil (12); Argentina (2); USA (1); Japan (1)• Capacity: 2269 thousand bpd
• Oil and gas pipelines: 11,000 km • Ships (own fleet): 54
Energy Generation Energy Generation
• 15 Thermoelectric plants – 5,300 MW installed• 15 Small hydroelectric plants and 12 Thermal plants – under construction – 1,800 MW
Petrobras – An Energy Integrated CompanyPetrobras – An Energy Integrated Company
Investment Plan by Business SegmentInvestment Plan by Business SegmentPETROBRAS
26,1
1,14,23%
13%
84%
DOWNSTREAM2008-12 PeriodUS$ 31,4 bi
2008-12 PeriodUS$ 112,4 bi
Petroquímica
RTC
Biocombustível
Current Refining Infrastructure in BrazilCurrent Refining Infrastructure in Brazil
REMAN 46LUBNOR 6RLAM 323REGAP 151REDUC 242REVAP 251RECAP 53REPLAN 365RPBC 170REPAR 189REFAPRPI
18915
TOTAL BRAZIL 2,000
Refining Capacity (Thousand barrels/day)
ARGENTINA 69USA 100JAPAN 100
TOTAL PETROBRAS 2,269
New Refineries ProposalsNew Refineries Proposals
GUAMARÉ Abreu e Lima -
PE Premium I -
MA Premium II -
CE
Capacity 30 thousand
bpd 200 thousand
bpd 600 thousand
bpd
300 thousand
bpd
Operation Aug/2010 Aug/2010Sep/2013
andSep/2015
(2 phasis)
Sep/2014
andSep2016 (2 phasis)
Investment US$ 191 Milllion US$ 4.05 Billion US$ 19.8 Billion US$ 11.07 Billion
Porducts
and Market
Gasoline
and Diesel
Rio Grande do Norte
(RN)
GLP and Diesel North and Northeast
GLP, Naphta
and QAV (Brazil) and Diesel 10 ppm of sulfur
Oil RN mixBC 16 (50%) and Carabobo (50% -
Venezuela)
BC-20 / BC-
18, BC-16 and BC-16 mixes with
Tupi
Partnership100%
PetrobrasAgreement
in March
2008 60% Petrobras40% PDVSA
100% Petrobras
REMAN 46LUBNOR 6RLAM 323REGAP 151REDUC 242REVAP 251RECAP 53REPLAN 365RPBC 170REPAR 189REFAPRPI
18915
TOTAL 2,000New CapacitiesPremium I 600Premium II 300RNESTCOMPERJ
200150
GuamaréTOTAL
303,280
Refining Capacity in the Brazil (thousand bbd)
Incrising Refining CapacityIncrising Refining Capacity
Premium-I/MAGuamaré/RN
Comperj/RJ
Premium-II/CE
RNEST/PE
Oil companies seek to maximize their profits integrating throughout the supply chain
Refineries(Nafta andPropylene)
NaturalGas
Oil
Olefins(Ethylene,Propilene)
Aromatics(Benzene,p-xylene)
Polyolefins(HDPE, LDPE, LLDPE)
Polypropylene
Styrene/PSPTA/PETAA/SAP
Processes:Extrusion,
Blow-moulding,Injection
PackagesFilms
Automotivecomponents
TubesCablesWires
Electronic equipments
Fibers
No integreted oil companies PetrochemicalCompanies
Integrated Oil Companies Plastic Manufacturers
RefiningPolymerProduction
Olefins and AromaticsProduction
Final UsageMouldingExploration
andProduction
Petrochemical Industry Value ChainPetrochemical Industry Value Chain
Simplified Plan of the petrochemical chainSimplified Plan of the petrochemical chain
Basic Input
Ethane
Nafta
Natural Gas
Oil
1st Genetation
Ethylene
Butene
Propylene
Butadiene
Benzene
Para-xylene
2nd Genetation
Polyethylene (PE)
Polypropylene (PP)
Styrene
ABS
SBR
PET
Other
PTA
DMT
Ethylene Dichloride
PVC
Ethylbenzene Poliystyrene (PS)
3rd Genetation
Films, packaging. bottles, housewares
wires and cables
Tubes and connections, film wiers and cables
Autopieces, casingsand packages
Electronic equipmentsand packages
Automotive parts, eletronic equipments
and telephones
Textile fibers and bottles
Other
End-users
Retail sales
Buildings
Foodstuffs
Automotive industry
Personal care
Other
What are companies seeking?
Lower Costs in Operationand Accomplishment
Proximity to theConsumer Market
Proximity to theFeedstocks
IntegrationRefining and
Petrochemical
PETROCHEMICALREFINING +
Companies decisions on petrochemical investments are based on:
Sense of balance between petrochemical and refining cycles (i.e. hedge)
Diversification into higher value added products
Partnerships focusing on access to competitive feedstocks
Develop a leadership position on costs of select products through leverage of synergies
Competitiviness through high production scale and cost reductions
Upstream integration and flexibility: refining streams as feedstocks
Oil and gas major companies, private or state-owned, have important positions in petrochemical and continously seek growth with diverse strategies.
Refining and petrochemical integration hedges both segments against profitability cyclical performance, mitigating financial risks
Refining and Petrochemical ProfitabilityRefining and Petrochemical Profitability
Petrochemical Refining
Oportunities for Petrochemical and Refining IntegrationOportunities for Petrochemical and Refining Integration
Product Integration
refinery streams as feedstock as feedstock for petrochemical plants
Example: naphta, propylen, propane, ethane and refinery gas
petrochemical streams as blendstock for refining operations
Example : pyrolysis gasoline
Product and Energy Integration
product integration and power generation
Example : COMPERJ, an integrated solution
Technology Integration
Example : automation technology for petrochemical companies
Integration for Scheduled Maintenance
Synchronization of the scheduled maintenance plans in order to optimize the maintenance efforts and avoid production gaps
Example : petrochemical refinery plant
Expand operations in 1st and 2nd generation processes, increasing the production of petrochemicals, while adding value to the products of the Group’s refineries by capturing synergies related to the production of oil, gas, refining and petrochemicals
Develop new technologies for the chemical industry based on the technological evolution of petrochemical fluid catalytic cracking (FCC), biodegradable polymers and biopolymers
Petrochemical Segment Strategies on Strategic Plan - 2020 Petrochemical Segment Strategies on Strategic Plan - 2020
Refinery Propylene Sppliter ProjectsRefinery Propylene Sppliter Projects
Objective: Provide petrochemical feedstock for polypropilene and other plants, through the extraction of the propylene from LPG stream, adding value to Company’s products.
Investiments: US$ 688 MM
Start-up: 2008 -
Units: REGAP, REPLAN, REPAR and REVAP
Total capacity: 741 kty
Petroquímica Suape Location: Suape/PE;Capacity: 640 kty PTA;Total investment: US$ 632 million;Raw material: imported p-xylene until 2012 and COMPERJ from 2013 onwards;Start-up: 4thQ 2009.
Companhia Têxtil de Pernambuco - CITEPE Location: Suape/PE;Capacity: 240 kty POY;Total investment: US$ 342 million;Raw Material: imported POY until 2009 and Petroquímica Saupe from 2009 onwards;Start-up: 2thQ 2008.
Petrochemical ProjectsPetrochemical Projects
COMPERJ’s main purpose is to increase the production of petrochemicals in Brazil, using as feedstock 150 thousand bpd of domestic heavy crude, the Marlim oil from Campos Basin.
Area: 45 million sq. ft.
Location: Itaboraí - RJ
Investments: US$ 8.38 billion
Capacity:
• Basic Petrochemicals: 1,300 kty ethene; 700 kty p-xylene; 881 kty propylene; 608 kty benzene; 157 kty butadiene;
• Downstream: 800 kty PE; 850 kty PP; 500 kty styrene; 600 kty ethylene glycol; 500 kty PTA; 600 kty PET;
Start-up: 2012
Technology: Petrochemical FCC – deep fluid catalytic cracking technology
• This technology allow the production of huge amounts of olefins (ethene and propylene) and will enable tighter integration between refining and basic petrochemicals production technologies
COMPERJ –Petrochemical Complex of Rio de Janeiro COMPERJ –Petrochemical Complex of Rio de Janeiro
COMPERJ – Petrochemical Complex of Rio de Janeiro COMPERJ – Petrochemical Complex of Rio de Janeiro
POLYPROPILENE 850 kta
COMPERJ LocationCOMPERJ Location
REDUC
QuattorGuapimirim’s APA
Islands: Redonda and d´Água
Pipelines:Cabiunas - REDUC
CENPES
PETROCHEMICAL COMPLEX
SÃO GONÇALO’S CENTRAL DISTRIBUTION BASE
INTEGRATION CENTER TRAINING COORDINATION
COMPERJ ProductionCOMPERJ Production
Products Production
(kty)
Downstream
Polypropylene 850
Polyethylene 800
Styrene 500
Ethylene glycol 600
PTA 500
PET 600
ProductsProduction
(kty)Basics
Fuels
Diesel 535Naphtha 284Coke 700
Petrochemicals
Ethylene 1,300Propylene 881Benzene 608Butadiene 157p-Xylene 700Sulphur 45
COMPERJ Main FrameworkCOMPERJ Main Framework
FEL 3 Conclusions Dez/08
Contracting of the Integrator Oct/07
End of the Integration Center Construction Oct/08
FEED Elaboration Oct/08
Acquisition of the Main Access Area Dec/08
Start of Embankment Mar/08
*UPB LI Feb/09
*Main Access Road LI Apr/09
*345 kV Transmission Line LI Jun/09
*Terminal and Pipeline LI Aug/09
*Submarine Emissary LI Dec/09
ANP Authorization Oct/09
Start of EPCs Contracting Feb/09
Expected Start-up Jun/12
Expected Full Operation Aug/13
*LI – Licenciamento de Instalações (Facilities Licensing)
COMPERJ ScheduleCOMPERJ Schedule
StepStep 20032003 20042004 20062006 20082008 20102010 2012201220052005 20072007 20092009 20112011 20132013
Accomplishment
Business Planning (FEL 1)
Conceptual Engineering (FEL 2)
Basic Engineering (FEL 3)
Constr. and Assembly
Units Start-up
Concluded In progress To be startedUPB Conditioning
and Start-up
Full Operation
Benefits for Petrobras, adding value to the supply chain, capturing synergies related to both segments and following a global trend of upstream integration among large companies;
Techonological challenges with the use of heavy crude oils for petrochemical purposes, using innovative Petrochemical FCC technology, developed internally and adopetd at COMPERJ, integrating refining operations and the production of basic petrochemicals;
Strengthening of Brazilian Petrochemical Industry, promoting training, technology development, employment and income for the country.
Motivation for Petrochemical-Refining IntegrationMotivation for Petrochemical-Refining Integration