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THE OILFIELD SERVICES SECTOR IN COLOMBIATHE OILFIELD SERVICES SECTOR IN COLOMBIAOPPORTUNITIES AND CHALLENGES
1April 2012
SUMMARY• The Oil & Gas sector
• Market trends in Colombia• Market trends in Colombia• Exploratory and development wells drilled in
Colombia• Oilfield services sector
• SSPP Participation in Colombia's GDP and oil sectorGDP
• Oilfield companies: operational income• Oilfied companies imports
F t d t (C l US)• Free trade agreement (Col ‐ US)• Challenges for the oil and gas sector in Colombia.• CAMPETROL ‐ EXPO OIL&GAS COLOMBIA 2012C O O O &G S CO O 0
QUICK FACTS:www.campetrol.org
QUICK FACTS: COLOMBIA’S OIL&GAS INDUSTRY
3
Market trends for hydrocarbons in l bColombia
CURRENT FIELDS HEAVY OIL
In 2020 65% of expected production (1,300 MBOED) of Ecopetrol, will come from existing fields.
Source: Ecopetrol S.A., Investor Presentation. Jan, 2012.
The production of heavy crude currently corresponds to 56% of total domestic oil production.Source: Acipet. Cálculos: CAMPETROL.
The first estimate of recoverable reserves will be taken after completion of first phase of exploration in two years and are expected to be between 4 and 7 billion barrels.Source: ANH, Commercial potential of heavy oil reserves in Colombia, HOLA Congress.g
UNCONVENTIONAL
Potential of unconventional resources:
OFFSHORE
The marine basins represent 50.6% of the country's sedimentary basins.
Methane Hidrates (434,2 TCF)Shales (31,7 TCF)Coal Bed Methane (7,5 TCF)Thight Sands (1,2 TCF) Tar Sands (23 762 MMBPE)
y ySource: ANH
For 2012 are expected to drill 3 wells in the basins of the Colombian Caribbean Sea.Tar Sands (23,762 MMBPE).
Source: Arthur D’Little. Potential Resources of Unconventional Hydrocarbons in Colombia. Tomado de Ecopetrol S.A., Investor Presentation. Jan, 2012.
Source: ANH
4
Main Players in Colombia
Exploratory and development wells drilled in Colombia
OILFIELD SERVICES SECTORwww.campetrol.org
OILFIELD SERVICES SECTOR
7
SSPP Participation in Colombia's GDP and oil GDPsector GDP
1.40%30%
23.66%
1.16%
1.00%
1.20%25%
% SSP Partec
tor G
DP
0.61%
0.80%
15%
20%
ticipationin N
on in
the
oil s
e
9.72%
0.61%
0.40%
0.60%
10%
NationalG
DP
P pa
rtic
ipat
io
0.00%
0.20%
0%
5%
% S
S
8
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Participación del SSP en el PIB del sector petrolero Participación del SSP en el PIB NacionalSource: DANE, Supersociedades. Calculations: CAMPETROL
% SSP participation in the oil sector GDP % SSP Participation in National GDP
MARKET DYNAMICS: OPERATIONAL INCOMEMARKET DYNAMICS: OPERATIONAL INCOME
• Average annual growth (2005‐2010): 34.4%
• In just five years net revenues have increased USD$ 2.300 million.
9Source: Supersociedades (196 firms). Calculations: CAMPETROL
OILFIED SERVICES IMPORTSOILFIED SERVICES IMPORTS
$882
• Average annual growth (2005‐2010): 44.73%
$688
)
• In just five years, imports of goods and services companies have increased $ 724 million USD.
• Main imported goods: machinery$589
illions
(cif) Main imported goods: machinery
and mechanical appliances, wire, cable, vacuum air pumps, compressors of air and another.
$235
$376
USD
$ M
$174 $172$207 $207
$100
$158
$235
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Source: DIAN
The Oil&Gas Sector: Supplier’s Opportunities
Industry attractiveness
M. Porter Matrix: Industry/Local Industry Strengths
High Medium Low
1 2 6 7 21 24 173,4,12,13,15,ig
h
High Medium Low
1,2,6,7,21,24 1716,19,23,30
tren
gths
H
14,22,26,28,29,32,35,36,37,38
345,8,9,10,
18,20,25,27
l ind
ustry st
Med
ium
31
Loca
Low
Source: Oportunidades de la cadena de hidrocarburos para la industria nacional (2009‐2020), ANDI y ANH
The Oil&Gas Sector: Supplier’s Opportunities
HighIndustry attractiveness
Attractiveness towards industry vs. Local industry strengths.
• Drilling & Workover.• Environmental s management.
1 2 6 7 21 24igh
High • Operations of oilfields. • Oilfield integral maintenance • Crude and water treatment.• Maintenance of rotary equipment for refining plants.
1,2,6,7,21,24
14 22 26 28
H
tren
gths • Drilling fluids.
• Filters.• Wellding supplies.
14,22,26,28,29,32,35,36,37,
38Med
ium
l ind
ustry st • Chemicals
• Thermic isolation• Packing units.• Drilling pipes (and pipes accessories) • Maintenance of electrical and instrumentation for
31Low
Loca
Maintenance of electrical and instrumentation forrefining units.
• Cables and electric accessories.
• Mechanical seals and bearings
FREE TRADE AGREEMENT (COL‐US): OPPORTUNITIES FOR THE OIL&GAS SECTOROPPORTUNITIES FOR THE OIL&GAS SECTOR
‐ The FTA will allow us in the next 10 years to import goods at 0% 20%
25%
y p gtariff.
‐ For some goods such as chemicals, will no have any import tariff since year one
15%
20%
import tariff since year one.
10%
0%
5%
‐5%
0%Tariff year_1 year_2 year_3 year_4 year_5 year_6 year_7 year_8 year_9 year_10
f f h d f f b lManufacture of machinery and equipment Manufacture of basic metals
Manufacture of chemicals and chemical products Fabricated metal products
CHALLENGES FOR THE OIL AND GASwww.campetrol.org
CHALLENGES FOR THE OIL AND GAS SECTOR IN COLOMBIA.
14
HSE INDICATORSHSE INDICATORS
9.00500)
MH LTI FREQ Rate Mundo LTI FREQ Rate ColombiaLTI FREQ Rate World
7.00
8.00
400
450
an‐hou
rs(M
H)
4.66 5.00
6.00
250
300
350
Millionma
2.32
2.823.00
4.00
150
200
250
0 00
1.00
2.00
0
50
100
0.000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Fuente: IADC. LADS Colombia.
INVESTMENT IN R&D AND PARTICIPATION IN GROSS INCOME ‐ 2011
$ 470,171 3%$ 500,000 $ ,
$ 375,5172.14%
$ 400,000
$ 450,000
% inve
ons
$ 331,052
$ 244,371
2%
$ 250 000
$ 300,000
$ 350,000
est R&D 2011
USD
Millio
$ 195,320 $ 184,693
$ 120,636$ 143,5610.90% 1%
$ 150,000
$ 200,000
$ 250,000
$ 36,7230.24%0.32% 0.30%
0.17%0.26% 0.33%
0.17%0.14%
$ 50,000
$ 100,000
0%$ 0Petrochina Shell ExxonMobil Total BP Chevron StatOil ENI Ecopetrol* Oilfield
Companies
Income 2011 (% R&D / Income) ‐ 2011Source: Annual reports of all companies
HUMAN RESOURCES IN COLOMBIA(Petroleum engineers graduates)
380360
900
1,000400
300
330
300
700
800
900
300
350
200 200
250240
230
500
600
200
250
KBPDgrad
uates
155 150
300
400
100
150
DNum
ber of g
0
100
200
0
50
002000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
number of graduates KBPDSource: Ecopetrol and ANH
Challenges for the oil and gas sector in l bColombia
• OperationsOperations Industrial safety: improve the indicators of industrial incidents.
Technology and Investment in R & D: increase the development of Colombian technologies.
Human resources: high technical and professional labor capacitycapacity.
• External factors: Transport: adequate infrastructure to transport crude Transport: adequate infrastructure to transport crude.
Physical Security: provide security for all workers in the oil fields.
CAMPETROL – WHO ARE WE?www.campetrol.org
CAMPETROL WHO ARE WE?
19
CAMPETROLCAMPETROL
• Non-profit entity that seeks the economic, socialNon profit entity that seeks the economic, socialand technical oilfield services sector in Colombia.
• We will be the guild leader of the oil industry inColombia.
• We represent 168 companies and oilfieldp pservice assets present in Colombia. Representing70% of total revenues in the sector of goods and oilservices in Colombia.
20
From october 30th to november the 2ndI B á D C C l biIn Bogotá D.C., Colombia
AgendaAgenda
Technological Conferences: Building Up StrategiesTopics Conference Theme
Mature fields Keynote Speech Colombia 2020: Vision of the future
Panel Case studies: How to increase the recovery factor?
Security Keynote Speech Security and defense a path to prosperity in the oil and gas sector in Colombia.
Keynote Speech Prospectivity and Development
Unconventional resources
Keynote Speech Prospectivity and Development
Panel How to accelerate the learning curve in Colombia?: Reality and Future
Science & TechnologyKeynote Speech Success Stories: International strategies and Colombia’s challenges to promote
R&D+i.Science & TechnologyPanel R&D in the Oil and Gas Sector: How to do it?
CSR Panel CSR horizons in Colombia: 2012 - 2020
Off h D l tKeynote Speech
H t l t th l i i C l bi ? D l t d lOffshore Development How to accelerate the learning curve in Colombia?: Development modelsPanel
HES Keynote Speech Reflections on the HES best practices in the oil and gas sector.
Exhibition SpaceExhibition Space• 2010: 2 050m22010: 2.050m2
• 2012: 8.000m2
20 9 000 2• 2014: 9.000 m2
• 2016: 10.000 m2
One‐on‐One Business Match MakingOffOffer:
•Oilfield Service Companies•Complimentary goods and service companies•Providers•Providers.
Demand:•Operators that have or are planningOperators that have or are planning to have E&P activities in Colombia.
•Oilfield Service Companies.•Investors.
Every company will have an assigned agenda comprising of around 10 one‐on‐one business meetings according to the previously expressed interest in the subscription form.
Thank You!Thank You!