Marktanalyse - Brazil Gas Markets, 2012

Brazil Gas Markets, 2012


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 natural gas assets (gas fields, pipelines and LNG 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 natural gas 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 gas fields, (Liquified Natural Gas) LNG Terminals and pipelines in Brazil for the period 2005-2016.
- Operator and equity details for major natural gas 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 natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas 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.

1 Table Of Contents

1 Table Of Contents 2

1.1 List of Tables 7

1.2 List of Figures 9

2 Brazil Energy Sector 10

2.1 Brazil Energy Sector, Market Overview 10

2.2 Brazil Energy Sector, Natural Gas 10

2.2.1 Brazil Natural Gas, Overview 10

2.2.2 Brazil Natural Gas, Supply and Demand Balance 11

2.2.3 Brazil Natural Gas, Regulatory Structure 16

2.2.4 Brazil Natural Gas, Infrastructure 16

3 Brazil Gas Upstream Investment Environment Benchmarking 17

3.1 Introduction 17

3.2 The Overall Ranking 17

3.3 Upstream Fiscal Attractiveness 18

3.3.1 Maximum Government Take Index 19

3.3.2 Fiscal Flexibility 19

3.3.3 Maximum State Participation Index 19

3.4 Gas Sector Performance 20

3.4.1 Exploration Activity 22

3.4.2 Gas Production 23

3.4.3 Gas Reserves 23

3.4.4 Gas Consumption 24

3.5 Economic Performance 24

3.5.1 GDP Growth Index 26

3.5.2 FDI Confidence Index 26

3.5.3 Balance of Trade Index 26

3.6 Socio-Political Performance 26

3.6.1 Democracy Index 28

3.6.2 Governance Index 28

4 Brazil Exploration and Production Sector 29

4.1 Brazil Exploration and Production Sector, Country Snapshot 29

4.1.1 Brazil Exploration and Production Sector, Key Data 29

4.1.2 Brazil Exploration and Production Sector, Natural Gas Assets Map 29

4.2 Brazil Exploration and Production Sector, Marketed Natural Gas Production 30

4.2.1 Brazil Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 30

4.2.2 Brazil Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 31

4.2.3 Brazil Exploration and Production Sector, Marketed Natural Gas Production by Major Assets 32

4.2.4 Brazil Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 34

4.2.5 Brazil Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 35

4.3 Brazil Exploration and Production Sector, Production Forecast 36

4.3.1 Brazil Exploration and Production Sector, Marketed Natural Gas Production Forecast 36

4.4 Brazil Exploration and Production Sector, Natural Gas Asset Details 39

4.4.1 Brazil Exploration and Production Sector, Active Natural Gas Asset Details 39

4.4.2 Brazil Exploration and Production Sector, Planned Natural Gas Asset Details 48

4.5 Brazil Exploration and Production Sector, Major Gas Discoveries 49

4.5.1 Brazil Exploration and Production Sector, Number of Gas Discoveries 49

4.5.2 Brazil Exploration and Production Sector, Natural Gas Discovery Details 50

4.6 Brazil Exploration and Production Sector, Recent Discoveries 52

4.6.1 Jun 09, 2012: Petrobras Discovers Oil At 1-BRSA-1045-SPS (1-SPS-96) Well In Santos Basin, Brazil 52

4.6.2 May 31, 2012: Petrobras's New Data Confirms Continuity Of Carcara Discovery In Santos Basin 52

4.6.3 May 01, 2012: Petrobras Discovers Oil At Well 3BRSA1066DPB In Reconcavo Basin, Brazil 53

4.6.4 Apr 27, 2012: HRT Discovers Hydrocarbons At 1-HRT-6-AM Well In Solimoes Basin, Brazil 53

4.6.5 Apr 26, 2012: OGX Finds Hydrocarbons At OGX-79 Well In Campos Basin, Brazil 53

4.7 Brazil Exploration and Production Sector, Drilling and Production Updates 54

4.7.1 Jun 27, 2012: Petrobras Reports 2.6 MMboepd Of Oil And Gas Output In May 2012 54

4.7.2 Jun 26, 2012: OGX Provides Update On Tubarao Azul Field In Campos Basin, Brazil 54

4.7.3 Jun 19, 2012: HRT Initiates Drilling First-HRT-9-AM Well In Block SOL-T -191, Brazil 55

4.7.4 Jun 11, 2012: Petrobras Provides April 2012 Production Update 55

4.7.5 May 21, 2012: HRT O&G Concludes Drill-stem Test Of Well 1-HRT-6-AM On Solimoes Basin In Brazil 56

5 Brazil FPSO Sector 57

5.1 Brazil FPSO Industry, FPSO Capacity Details by Vessel 57

5.2 Brazil FPSO Industry, FPSO Vessel Specifications 58

6 Brazil Pipeline Sector 59

6.1 Brazil Pipeline Sector, Key Data 59

6.2 Brazil Pipeline Sector, An Overview 59

6.3 Brazil Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 59

6.4 Brazil Pipeline Sector, Natural Gas Pipelines 61

7 Brazil LNG Sector 64

7.1 Brazil LNG Sector, Key Data 64

7.2 Brazil LNG Sector, Regasification 64

7.2.1 Brazil LNG Sector, Regasification, Total Regasification Capacity 64

7.2.2 Brazil LNG Sector, Regasification Capacity Market Share by Company 65

7.2.3 Brazil LNG Sector, Regasification, Regasification Capacity by Terminal 66

8 Profile of Petroleo Brasileiro S.A. 67

8.1 Petroleo Brasileiro S.A., Key Information 67

8.2 Petroleo Brasileiro S.A., Company Overview 67

8.3 Petroleo Brasileiro S.A., Business Description 67

8.3.1 Business Overview 67

8.3.2 Biofuel 68

8.3.3 Distribution 69

8.3.4 Exploration and Production 70

8.3.5 Gas and Power 71

8.3.6 International 71

8.3.7 Refining, Transportation and Marketing 72

8.4 Petroleo Brasileiro S.A., SWOT Analysis 73

8.4.1 Overview 73

8.4.2 Petroleo Brasileiro S.A. Strengths 74

8.4.3 Petroleo Brasileiro S.A. Weaknesses 75

8.4.4 Petroleo Brasileiro S.A. Opportunities 76

8.4.5 Petroleo Brasileiro S.A. Threats 78

9 Profile of Royal Dutch Shell plc 80

9.1 Royal Dutch Shell plc, Key Information 80

9.2 Royal Dutch Shell plc, Company Overview 80

9.3 Royal Dutch Shell plc, Business Description 80

9.3.1 Business Overview 80

9.3.2 Corporate 82

9.3.3 Downstream 83

9.3.4 Upstream 84

9.4 Royal Dutch Shell plc, SWOT Analysis 85

9.4.1 Overview 85

9.4.2 Royal Dutch Shell plc Strengths 86

9.4.3 Royal Dutch Shell plc Weaknesses 87

9.4.4 Royal Dutch Shell plc Opportunities 88

9.4.5 Royal Dutch Shell plc Threats 90

10 Profile of OJSC TNK-BP Holding 92

10.1 OJSC TNK-BP Holding, Key Information 92

10.2 OJSC TNK-BP Holding, Company Overview 92

10.3 OJSC TNK-BP Holding, Business Description 92

10.3.1 Business Overview 92

10.4 OJSC TNK-BP Holding, SWOT Analysis 94

10.4.1 Overview 94

10.4.2 OJSC TNK-BP Holding Strengths 94

10.4.3 OJSC TNK-BP Holding Weaknesses 95

10.4.4 OJSC TNK-BP Holding Opportunities 96

10.4.5 OJSC TNK-BP Holding Threats 97

11 Financial Deals Landscape 99

11.1 Detailed Deal Summary 99

11.1.1 Acquisition 99

11.1.2 Equity Offerings 103

11.1.3 Debt Offerings 107

11.1.4 Partnerships 113

11.1.5 Asset Transactions 114

12 Recent Developments 123

12.1 Strategy and Business Expansion 123

12.1.1 Apr 08, 2012: BG Group To Invest $2 Billion On R&D In Brazil's Oil Industry 123

12.2 Other Significant Developments 123

12.2.1 Jun 27, 2012: Chevron Responds To Ecuador Judgment Enforcement Action 123

12.2.2 Jun 26, 2012: Petrobras Prioritizes E&P In Its 2012-2016 Business And Management Plan 123

12.2.3 Jun 14, 2012: Petrobras Approves 2012—2016 Business Plan With Investments Totaling $236.5 Billion 125

12.2.4 May 24, 2012: Statoil And Partners Confirm Significant Potential Of Pre-salt Block BM-C-33 In Campos Basin Offshore Brazil 125

12.2.5 May 15, 2012: OGX Presents Declaration Of Commerciality Of Portion At Waimea Complex In Campos Basin, Brazil 126

12.2.6 May 10, 2012: Brazil's Natural Gas Production Increases By 7.7% In March 2011 126

12.3 New Contracts Announcements 127

12.3.1 Jun 12, 2012: BW Offshore Wins Contract From Statoil For FPSO Peregrino 127

12.3.2 May 16, 2012: ABB Wins $18m Contract From DSME For Subsea Pipeline Construction Vessels In Brazil 127

12.3.3 May 14, 2012: Wartsila Hamworthy Wins Contract From Petrobras To Supply Flare Gas Recovery Packages For FPSO Units 128

12.3.4 Apr 26, 2012: MTOPS Wins Contract To Install Topsides Units For FPSO 128

12.3.5 Apr 18, 2012: Awilco LNG Extends LNG Vessel Contract With Petrobras 129

13 Appendix 130

13.1 Abbreviations 130

13.2 Methodology 130

13.2.1 Coverage 130

13.2.2 Secondary Research 131

13.2.3 Primary Research 131

13.3 Contact Us 131

13.4 Disclaimer 132





1.1 List of Tables

Table 1: Brazil, Historical and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020 11

Table 2: Brazil, Historical and Forecast Import of Natural Gas, Billion Cubic Feet, 2000-2020 13

Table 3: Brazil, Historical Reserves of Natural Gas, Trillion Cubic Feet, 2000-2011 15

Table 4: South and Central America, Investment Benchmarking, Overall Country Rankings, Jun 2012 17

Table 5: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, Jun 2012 18

Table 6: South and Central America, Investment Benchmarking, Gas Sector Performance, Jun 2012 20

Table 7: South and Central America, Investment Benchmarking, Economic Performance, Jun 2012 24

Table 8: South and Central America, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jun 2012 25

Table 9: South and Central America, Investment Benchmarking, Socio-Political Performance, Jun 2012 27

Table 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jun 2012 27

Table 11: Brazil, Natural Gas Key Statistics, 2011 29

Table 12: Brazil, Total Marketed Natural Gas Production (MMcf), 2003- 2011 30

Table 13: Brazil, Marketed Natural Gas Production by Type (MMcf), 2003-2011 31

Table 14: Brazil, Marketed Natural Gas Production (MMcf), by Major Assets, 2003-2011 32

Table 15: Brazil, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2003- 2011 34

Table 16: Brazil, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2003-2011 35

Table 17: Brazil, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2012- 2016 36

Table 18: Brazil, Active Gas Field Assets Details 39

Table 19: Brazil, Planned Gas Field Assets Details 48

Table 20: Brazil, Number of Gas Discoveries, 2006-2011 49

Table 21: Brazil, Natural Gas Discovery Details, 2006-2011 50

Table 22: Brazil, Natural Gas Discovery Details, 2006-2011 (Contd.1) 51

Table 23: Brazil, Natural Gas Discovery Details, 2006-2011 (Contd.2) 52

Table 24: Brazil FPSO Industry, FPSO Oil Production Capacities, Jun 2012 57

Table 25: Brazil FPSO Industry, FPSO Vessel Specifications, Jun 2012 58

Table 26: Brazil, Pipeline Key Statistics, Jun 2012 59

Table 27: Brazil, Natural Gas Pipeline Length By Company (Km), Jun 2012 59

Table 28: Brazil, Natural Gas Pipelines, Jun 2012 61

Table 29: Brazil, Natural Gas Pipelines, Jun 2012 (Contd.1) 62

Table 30: Brazil, Natural Gas Pipelines, Jun 2012 (Contd.2) 63

Table 31: Brazil, LNG Key Statistics, Jun 2012 64

Table 32: Brazil, Total Regasification Capacity (Bcf), 2005-2016 64

Table 33: Brazil, Regasification Capacity by Company (Bcf), 2005-2016 65

Table 34: Brazil, Regasification Capacity (Bcf), 2005-2016 66

Table 35: Petroleo Brasileiro S.A., Key Facts 67

Table 36: Petroleo Brasileiro S.A., SWOT Analysis 74

Table 37: Royal Dutch Shell plc, Key Facts 80

Table 38: Royal Dutch Shell plc, SWOT Analysis 86

Table 39: OJSC TNK-BP Holding, Key Facts 92

Table 40: OJSC TNK-BP Holding, SWOT Analysis 94

Table 41: General Electric To Acquire 0.8% Stake In Centennial Asset Brazilian Equity And Other Offshore Companies Form EBX Group For $300 Million 99

Table 42: Fortress Energy To Acquire Alvorada Petroleo For $37 Million 100

Table 43: BlackRock Acquires 5.15% Stake HRT Participacoes em Petroleo 101

Table 44: Centennial Asset Mining Fund Acquires Additional 1.45% Stake In OGX Petroleo e Gas For $307. 2 Million 102

Table 45: Mpx Energia Receives Approval For Private Placement Of Shares For $492 Million 103

Table 46: Petrogal Brasil Completes Private Placement Of Shares For $4.8 Billion 104

Table 47: Perenco Petroleo Withdraws IPO Of $514 Million 105

Table 48: PetroReconcavo Plans IPO 106

Table 49: OGX Austria Prices Public Offering Of 8.375% Notes Due 2022 For $1.1 Billion 107

Table 50: Petroleo Brasileiro Completes Public Offering Of 3.5% Notes Due 2017 For $1.75 Billion 107

Table 51: Petroleo Brasileiro Completes Public Offering Of 6.75% Notes Due 2041 For $1.25 Billion 109

Table 52: Petroleo Brasileiro Completes Public Offering Of 5.375% Notes Due 2021 For $2.75 Billion 110

Table 53: Petroleo Brasileiro Completes Public Offering Of 2.875% Notes Due 2015 For $1.25 Billion 111

Table 54: Petroleo Brasileiro Prices Public Offering Of 6.25% Senior Notes Due 2026 For $1,091 Million 112

Table 55: E.ON Plans To Form Joint Venture To Exploit Oil And Gas Reserves In Brazil 113

Table 56: Statoil And Sinochem To Acquire Peregrino FPSO Vessel From Maersk 114

Table 57: Tilting Capital To Acquire Exploration Block 170 In Brazil From Canacol Energy 115

Table 58: Hupecol Cuerva Plans To Acquire Oil And Gas Assets In Brazil And Peru 116

Table 59: OGX Petroleo Plans To Acquire Additional Interest In Offshore Oil Blocks BM-C-37 And BM-C-38 In Brazil From Maersk Oil 116

Table 60: BP Energy do Brasil Receives Approval To Acquire 40% Interest In Four Deep Water Blocks In Brazil From Petrobras 117

Table 61: Sinochem To Acquire 10% Interest In Five Offshore Exploration Blocks In Brazil 118

Table 62: Anadarko Petroleum Plans To Sell Acreage In Brazil 119

Table 63: TNK-Brasil To Acquire 45% Stake In Oil Exploration Blocks In Brazil From HRT O&G Exploracao e Producao de Petroleo For $1 Billion 120

Table 64: Petrobras Plans To Acquire Certain Stake In Offshore Presalt Reserves From BG Group 122





1.2 List of Figures

Figure 1: Brazil, Primary Energy Consumption Split By Fuel Type (%), 2011 10

Figure 2: Brazil, Natural Gas Production And Consumption, Billion Cubic Feet, 2000-2020 12

Figure 3: Brazil, Natural Gas Imports, Billion Cubic Feet, 2000-2020 14

Figure 4: Brazil, Natural Gas Reserves, Trillion Cubic Feet, 2000-2011 15

Figure 5: South and Central America, Country Standings, Upstream Fiscal Attractiveness, Jun 2012 19

Figure 6: South and Central America, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, Jun 2012 21

Figure 7: South and Central America, Country Standings, Gas Sector Performance, by Production & Consumption, Jun 2012 22

Figure 8: South and Central America, Country Standings, Number Of Exploration Blocks Awarded, Jun 2012 23

Figure 9: South and Central America, Country Standings, Economic Performance by FDI Confidence- GDP Growth & Production, Jun 2012 25

Figure 10: South and Central America, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jun 2012 28

Figure 11: Brazil, Natural Gas Assets Map, Jun 2012 29

Figure 12: Brazil, Total Marketed Natural Gas Production (MMcf), 2003- 2011 30

Figure 13: Brazil, Total Marketed Natural Gas Production (MMcf), by Type 2003-2011 31

Figure 14: Brazil, Marketed Equity Weighted Natural Gas Production (MMcf) by Key Companies, 2003-2011 35

Figure 15: Brazil, Market Share (%) of Key Companies based on Marketed Natural Gas Production by Key Companies, 2011 36

Figure 16: Brazil, Number of Gas Discoveries, 2006- 2011 49

Figure 17: Brazil, Natural Gas Pipeline Length By Company (Km), Jun 2012 60

Figure 18: Brazil, Regasification Capacity (Bcf), 2005-2016 65

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