renato t bertani world petroleum council – president barra energia - ceo renato t bertani world...
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Renato T BertaniWorld Petroleum Council – PresidentBarra Energia - CEO
Renato T BertaniWorld Petroleum Council – PresidentBarra Energia - CEO
World Petroleum CouncilThe Global Forum for Oil and Gas
Science, Technology, Economics and Management
Presentation to Accelerate Oil & Gas 2012
Presentation to Accelerate Oil & Gas 2012
Barra Energia do BrasilStriving to be a reference on
competency, ethics and credibility
100 km
LIBRA
Acumulações
JUPITERLULA
CERNAMBI
IARA
FRANCO
GUARA
CARIOCA
CARAMBA
ABARÉ IGUAÇU
LIBRA
AZULÃO
BEM-TE-VI
MACUNAÍMA
PARATI
GATO DO MATOCORCOVADO
source: IHS,ANP, WoodMac
Rio de Janeiro
BM-S-866 % Petrobras (operator)10% Barra Energia10 % Queiroz Galvão14 % Galp
BS-430 % Queiroz Galvão (operator)40 % Petrobras30 % Barra Energia
2
ATLANTA
OLIVA
BIGUÁ
BE is positioned in highly prospective pre-salt acreage
BMS-8
BS-4
AlgeriaAngolaArgentinaAustraliaAustriaAzerbaijanBahrainBelgiumBrazilCanadaChinaColombiaCroatiaCubaCzechDenmarkEgyptFinlandFranceGabonGermanyHungaryIndia
IndonesiaIranIsraelJapanKazakhstan
KenyaKoreaKuwaitLibyaMacedonia
MexicoMoroccoMozambiqueNetherlandsNigeria
NorwayOmanPakistanPanamaPeru
PolandPortugalQatarRomaniaRussiaSaudi ArabiaSerbiaSierra LeoneSlovakiaSloveniaSouth AfricaSpainSurinameSwedenThailandTrinidad & TobagoTurkeyUKUruguayUSAVenezuelaVietnamMISSION
The mission of the World Petroleum Council is to promote the sustainable development, production and consumption of oil, gas and other energy resources for the benefit of mankind
WPC Member Countries and MissionWPC Member Countries and Mission
WPC Member Countries
4
Source: EIA
World Energy Demand GrowthWorld Energy Demand Growth
504
721
• Energy consumption will grow by approximately 40% until 2030• The largest growth will be in developing countries
2005 2008 2010 2015 2020 2025 20300
50
100
150
200
250
300
350
400
World Energy ConsumptionMM boe/day
Non-OECDOECD
0.6%
2.3%
1.6%Source: EIA
257
356
Source: EIA , International Energy OutlookIssue: October 2011
5
World Energy Demand GrowthWorld Energy Demand Growth
• Fossil fuels (oil, natural gas and coal) will continue to be the main sources of energy• Supply of renewable sources of energy will grow significantly, but still remain a complementary source of energy
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
0
30
60
90
120
World Marketed Energy Use by Fuel Type MMboe/day
LiquidsNatural GasCoalNuclearRenewables
Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL)
Source: EIA OutlookIssue: October 2011
World Oil ReservesWorld Oil Reserves
• World resource base is expanding in view of new technologies and price deck
S. Arabia
Venez*
Canada*
IranIraq
Kuwait
UAERussia
LibyaNigeria
KazakhQatar
US ChinaBrazil
AlgeriaMexico
AngolaAzerbaijan
Ecuador
RoW0
50
100
150
200
250
300
260
211175
138115 102 98
60 46 37 30 25 21 20 13 12 12 10 7 7
75
Oil Reserves (2011) Billion bo
Total Reserves: 1.471 trillion boR/P = 46 yrs(*) Including extra heavy and oil sands
Source: EIA , International Energy OutlookIssue: October 2011
7
World Liquid Fuel ConsumptionWorld Liquid Fuel Consumption
• Liquid fuels will continue as the largest component of the energy matrix• Growth of oil production, in both Opec and non Opec countries will meet most of the demand• Non-conventional liquid fuels also growing significantly
1990
1991
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2020
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2026
2027
2028
2029
2030
0
20
40
60
80
100
120
World Crude Oil and Liquid Fuels ConsumptionMMb/day
Non ConvConv Non OpecConv OpecCurrent Prod Proj
Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL)
Source: EIA OutlookIssue: October 2011 108
87.8
Saudi Arabia
Iraq Other Middle ...
West Africa
Iran South America
North Africa
0
4
8
12
16
Opec Liquids Productionmmb/day
20082035
Source: EIA , International Energy OutlookIssue: October 2011
Liquids: Conventional (oil, condensate, natural gas plant liquids, refinery gains) Non-Conventional (oil sands, extra heavy oil, biofuels, GTL, CTL)
Key Drivers and Constraints
Liquid Production Changes
Key Drivers and Constraints
Liquid Production Changes
0
4
8
12
16
Non Opec Liquids ProductionMmb/day
20082035
9
MONEY$20 trillion until 2030Finance takes good
projects and good managementIEA Energy Outlook
MONEY$20 trillion until 2030Finance takes good
projects and good managementIEA Energy Outlook
MILLSIncreasing demand for
steel, rigs, suppliesSecure strategic long
term alliances
MILLSIncreasing demand for
steel, rigs, suppliesSecure strategic long
term alliances
MINDSRapidly aging HR base,
attract and keep new talent
MINDSRapidly aging HR base,
attract and keep new talent
Challenges = OpportunitiesChallenges = Opportunities