• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Petroleos de Venezuela S.A. Analysis across The Oil and Gas Value Chain Product Image

Petroleos de Venezuela S.A. Analysis across The Oil and Gas Value Chain

  • Published: October 2008
  • Region: Global, Venezuela
  • 147 pages
  • Global Markets Direct

Petroleos de Venezuela S.A. Analysis across The Oil and Gas Value Chain

Summary

Petroleos de Venezuela S.A. Analysis Across the Oil and Gas Value Chain is an essential source for data, analysis and strategic insight into Petroleos de Venezuela S.A.. The report provides key information relating to oil and gas assets of the company and financial, SWOT and value chain analysis of the company. The report examines company’s business structure and operations, history and products, and provides an analysis of its key revenue lines. It inspects the company’s strategy, both in terms of its value chain positioning and strategic strengths and weaknesses.

Scope

- Provides historical production or capacity data on Petroleos de Venezuela S.A.’s oil and gas assets across value chain.
- Analyses and forecasts output for major oil and gas assets to 2020.
- Reports oil and gas exploration assets for each country including operator and equity details for major oil and gas assets of Petroleos de Venezuela S.A.
- Critical analysis of Petroleos de Venezuela S.A.’ s strengths, weaknesses opportunities and threats and positioning on the value chain.
- READ MORE >

1 2
1.1 List of Tables 10
1.2 List of Figures 13
2 Company Snapshot 14
2.1 Key Information 14
2.2 Company Overview 14
2.3 Financial Performance 14
2.4 Industry Outlook - Production & Exploration 14
2.5 Industry Outlook - Pipelines 16
2.6 Industry Outlook - Refining 17
2.7 Industry Outlook - LNG Terminals 18
2.8 Industry Outlook - Storage 19
2.9 SWOT Snapshot 20
3 Petroleos de Venezuela S.A., Crude Oil Forecasts, 2000-2012 21
3.1 Petroleos de Venezuela S.A., Crude Oil Forecasts, By Fields 21
3.2 Petroleos de Venezuela S.A., Gross Revenue Forecasts, By Fields 22
3.3 Petroleos de Venezuela S.A., Total Government Take Forecasts, By Fields 23
3.4 Petroleos de Venezuela S.A., Contractor Take Forecasts, By Fields 24
4 Petroleos de Venezuela S.A., Exploration and Production Summary 25
4.1 Petroleos de Venezuela S.A., Active Exploration Blocks, by Country, 2000-2007 25
4.2 Petroleos de Venezuela S.A., Crude Oil Production, by Country 26
4.3 Petroleos de Venezuela S.A., Natural Gas Production, by Country 27
5 Petroleos de Venezuela S.A., Crude Oil and Natural Gas Production By Fields 28
5.1 Petroleos de Venezuela S.A., Crude Oil Production 28
5.1.1 Petroleos de Venezuela S.A., Crude Oil Production in Ecuador, By Fields 28
5.1.2 Petroleos de Venezuela S.A., Crude Oil Production in Venezuela, By Fields 28
5.2 Petroleos de Venezuela S.A., Natural Gas Production 30
5.2.1 Petroleos de Venezuela S.A., Natural Gas Production in Venezuela, By Fields 30
6 Petroleos de Venezuela S.A. Pipeline Operation 31
6.1 Pipeline Operation, Key Data 31
6.2 Pipeline Operation, Overview 31
6.3 Pipeline Operation, Germany 32
6.3.1 Pipeline Operation, Germany, Crude Oil Pipelines 32
6.3.2 Pipeline Operation, Germany, Petroleum Product Pipelines 32
6.4 Pipeline Operation, Venezuela 33
6.4.1 Pipeline Operation, Venezuela, Crude Oil Pipelines 33
6.4.2 Pipeline Operation, Venezuela, Petroleum Product Pipelines 34
6.4.3 Pipeline Operation, Venezuela, Natural Gas Pipelines 35
7 Petroleos De Venezuela S.A. Refining Operation 36
7.1 Refining Operation, Key Data 36
7.2 Refining Operation, Overview 36
7.3 Refining Operation, Total Refining Capacity, 2000-2012 36
7.4 Refining Operation, The United States 37
7.4.1 Refining Operation, The United States, Crude Distillation Unit Capacity, 2000-2012 38
7.4.2 Refining Operation, The United States, Coking Capacity, 2000-2012 38
7.4.3 Refining Operation, The United States, Fluid Catalytic Cracking Capacity, 2000-2012 39
7.4.4 Refining Operation, The United States, Hydrocracking Capacity, 2000-2012 40
7.5 Refining Operation, Venezuela 40
7.5.1 Refining Operation, Venezuela, Crude Distillation Unit Capacity, 2000-2012 41
7.5.2 Refining Operation, Venezuela, Coking Capacity , 2000-2012 41
7.5.3 Refining Operation, Venezuela, Fluid Catalytic Cracking Capacity, 2000-2012 42
7.6 Refining Operation, Germany 42
7.6.1 Refining Operation, Germany, Crude Distillation Unit Capacity , 2000-2012 43
7.6.2 Refining Operation, Germany, Coking Capacity, 2000-2012 43
7.6.3 Refining Operation, Germany, Fluid Catalytic Cracking Capacity, 2000-2012 44
7.6.4 Refining Operation, Germany, Hydrocracking Capacity, 2000-2012 44
7.7 Refining Operation, Virgin Islands 45
7.7.1 Refining Operation, Virgin Islands, Crude Distillation Unit Capacity, 2000-2012 45
7.7.2 Refining Operation, Virgin Islands, Coking Capacity, 2000-2012 45
7.7.3 Refining Operation, Virgin Islands, Fluid Catalytic Cracking Capacity, 2000-2012 46
7.8 Refining Operation, The Netherlands Antilles 46
7.8.1 Refining Operation, The Netherlands Antilles, Crude Distillation Unit Capacity, 2000-2012 46
7.8.2 Refining Operation, The Netherlands Antilles, Fluid Catalytic Cracking Capacity, 2000-2012 47
7.9 Refining Operation, Cuba 47
7.9.1 Refining Operation, Crude Distillation Unit Capacity, 2000-2012 48
7.10 Refining Operation, Sweden 48
7.10.1 Refining Operation, Sweden, Crude Distillation Unit Capacity, 2000-2012 48
7.11 Refining Operation, The United Kingdom 49
7.11.1 Refining Operation, The United Kingdom, Crude Distillation Unit Capacity, 2000-2012 49
7.12 Refining Operation, Brazil 50
7.12.1 Refining Operation, Brazil, Crude Distillation Unit Capacity, 2000-2012 50
7.13 Refining Operation, Indonesia 50
7.13.1 Refining Operation, Indonesia, Crude Distillation Unit Capacity, 2000-2012 50
8 Petroleos de Venezuela S.A. LNG Operation 51
8.1 LNG Operation, Overview 51
9 Petroleos de Venezuela S.A. Oil and Chemicals Storage Operation 52
9.1 Oil and Chemicals Storage Operations, Overview 52
9.2 Oil and Chemicals Storage Operations, in The United States 53
9.2.1 Oil and Chemicals Storage Operations, The United States, Storage Capacity, 2000-2012 53
9.3 Oil and Chemicals Storage Operations, in Bahamas 54
9.3.1 Oil and Chemicals Storage Operations, Bahamas, Storage Capacity, 2000-2012 54
9.4 Oil and Chemicals Storage Operations, in Germany 55
9.4.1 Oil and Chemicals Storage Operations, Germany, Storage Capacity, 2000-2012 55
10 Business Description 56
10.1 Business Overview 56
10.2 Exploration and Production 56
10.2.1 Overview 56
10.2.2 Production 56
10.2.3 Financials 57
10.2.4 Capital Expenditure 57
10.2.5 Market View 57
10.2.6 Key Strategies 57
10.3 Refining, Trade and Supply 58
10.3.1 Overview 58
10.3.2 Production 58
10.3.3 Financials 59
10.3.4 Capital Expenditure 59
10.3.5 Key Strategies 59
10.4 Major Products and Services 59
10.4.1 Overview 59
11 History 61
12 Business Strategy 66
12.1 Mission Statement 66
12.2 Strategy 66
12.3 Corporate Social Responsibility 67
12.3.1 Overview 67
12.3.2 Specific CSR Initiatives 68
13 Value Chain Analysis 69
13.1 Upstream 69
13.1.1 Overview 69
13.1.2 Financials, Production and Major Projects 70
13.2 Midstream 70
13.2.1 Overview 70
13.2.2 Financials, Production and Major Projects 70
13.3 Downstream 71
13.3.1 Overview 71
13.3.2 Financials, Production and Major Projects 71
13.4 Retail 72
13.4.1 Overview 72
13.4.2 Financials, Production and Major Projects 72
14 SWOT Analysis 73
14.1 Overview 73
14.2 Petroleos de Venezuela S.A. Strengths 73
14.2.1 Vertically integrated operations 73
14.2.2 Strong downstream operations 74
14.2.3 Dominant market position 74
14.3 Petroleos de Venezuela S.A. Weaknesses 75
14.3.1 Non-autonomy of PDVSA 75
14.3.2 High dependence on the U.S. markets 75
14.4 Petroleos de Venezuela S.A. Opportunities 75
14.4.1 Strategic alliance 75
14.4.2 Oil Sowing plan 76
14.4.3 Planned capital investments 76
14.5 Petroleos de Venezuela S.A. Threats 77
14.5.1 Shift to alternative energy sources 77
14.5.2 Slowdown in the U.S. economy 77
14.5.3 Stringent environmental regulations 77
15 Competitors 78
16 Revenue Analysis 79
16.1 Revenue by Segment 79
16.2 Revenue by Geography 80
17 Financial and Operational Review 81
17.1 Financial Statements 81
17.2 Financial Ratios 82
18 Operational Indicators 83
19 Share Holding Structure 84
20 Key Employees 85
21 Key Employee Biographies 86
22 Company Statement 90
23 Locations And Subsidiaries 95
23.1 Head Office 95
23.2 Other Locations & Subsidiaries 95
24 Financial Deals Landscape 97
24.1 Petroleos de Venezuela S.A., Deals Volume Summary, 2004 to YTD 2008 97
24.2 Petroleos de Venezuela S.A., Deals Summary By Region, 2004 to YTD 2008 98
24.3 Petroleos de Venezuela S.A., Deals Summary, 2004 to YTD 2008 99
24.4 Petroleos de Venezuela S.A. Detailed Deal Summary 100
24.4.1 Rumored Deals 100
24.4.2 Asset Purchase 101
24.4.3 Acquisition 105
24.4.4 Private Equity 107
24.4.5 Partnerships 108
25 Recent Developments 122
25.1 License Rounds 122
25.1.1 Jun 06, 2008: Venezuela To Offer Three Oil Fields In Orinoco Belt 122
25.2 License Awards 122
25.2.1 Nov 13, 2007: PDVSA, CNPC JV To Develop Sumano Oil Field 122
25.3 Strategy and Business Expansion 122
25.3.1 Aug 02, 2008: YPFB And PDVSA To Explore Gas In Bolivia 122
25.3.2 Jul 22, 2008: TNK-BP Signs Joint Study Agreement With PDVSA 124
25.3.3 Jul 22, 2008: Gazprom And PDVSA Sign Agreement On Evaluation And Certification Of Ayacucho-3 Reserves 125
25.3.4 Jul 22, 2008: LUKOIL, PDVSA Sign Agreement On Joint Exploration Of Junin-3 Block In Venezuela 125
25.3.5 Jul 21, 2008: Jogmec, PDVSA To Jointly Explore Orinoco Oil Deposits In Venezuela 126
25.3.6 Jul 04, 2008: Galp Energia To Become Partner With EDP And PDVSA In Venezuela Oil Field 126
25.3.7 Jun 20, 2008: PDVSA Plans To Build Three LNG Trains 126
25.3.8 Jun 17, 2008: PDVSA, Petroecuador To Begin Refinery Construction Next Month 127
25.4 Recent Discoveries 127
25.4.1 Apr 15, 2008: Epsilon Updates On Utica Shale In St. Lawrence Lowlands 127
25.4.2 Apr 01, 2008: Forest Oil Discovers Gas In Utica Shale 128
25.5 Drilling and Production Updates 128
25.5.1 Jul 17, 2008: PDVSA Drills Three Wells In Ecuador 128
25.5.2 Jun 18, 2008: PDVSA Provides Drilling Upadte On Mariscal Sucre Complex 129
25.5.3 Jun 18, 2008: PDVSA To Raise Its Crude Production By Almost 8% In 2008 129
25.5.4 May 14, 2008: PDVSA Drills Orinoco Belt Well 130
25.6 Financial Announcements 130
25.6.1 May 05, 2008: Forest Oil Reports Q1 2008 Results 130
25.6.2 Feb 21, 2008: Forest Oil Declares Q4 2007 Results 134
25.6.3 Feb 05, 2008: Forest Oil To Declare Q4 2007 Results 137
25.7 Other Significant Developments 137
25.7.1 Aug 04, 2008: PDVSA To Buy Five Exploration Ships For Navy Oil Exploration 137
25.7.2 Jul 30, 2008: Bolivia Reveals Plan To Boost Natural gas Reserves 137
25.7.3 Jul 23, 2008: Venezuela, Belarus Plan To Boost Energy Cooperation 139
25.7.4 Jul 16, 2008: Petroandina To Spend $883 Million In Bolivia 139
25.7.5 Jul 14, 2008: Venezuela To Construct $4.3 Billion Refinery In Cuba 140
25.7.6 Jul 03, 2008: Petrobras To Purchase LNG From PDVSA 141
25.7.7 Jun 27, 2008: Petrobras And PDVSA Sign LNG Deal 141
25.7.8 Jun 26, 2008: Brazil To Enter Into LNG Supply Deal With Venezuela 141
25.8 New Contracts Announcements 142
25.8.1 Aug 25, 2008: SCAN Receives $70 Million Seismic Contract From PDVSA 142
26 Appendix 143
26.1 Methodology 143
26.1.1 Coverage 143
26.1.2 Secondary Research 144
26.1.3 Primary Research 144
26.1.4 E&P Forecasts 145
26.1.5 Midstream Forecasts 146
26.1.6 Expert Panel Validation 147
26.2 Contact Us 147
26.3 About us147
26.4 Disclaimer 147

Executive Summary

1.2 List of Figures
Figure 1: Petroleos de Venezuela S.A., Crude Oil Forecasts, 2000-2012 21
Figure 2: Petroleos de Venezuela S.A., Gross Revenue ($thousand) by Fields, 2008-2012 22
Figure 3: Petroleos de Venezuela S.A., Total Government Take ($thousand) by Fields, 2008-2012 23
Figure 4: Petroleos de Venezuela S.A., Contractor Take ($thousand) by Fields, 2008-2012 24
Figure 5: Petroleos de Venezuela S.A., Number of Exploration Blocks, by Country, 2000-2007 25
Figure 6: Petroleos de Venezuela S.A., Crude Oil Production (BBls), by Country, 2000-2007 26
Figure 7: Petroleos de Venezuela S.A., Natural Gas Production (MMcf), by Country, 2000-2007 27
Figure 8: Petroleos de Venezuela S.A., Value Chain Analysis 69
Figure 9: Petroleos de Venezuela S.A., Deals Summary by Volume Summary, 2004 to YTD 2008 97
Figure 10: Petroleos de Venezuela S.A., Deals Summary by Region, 2004 to YTD 2008 98
Figure 11: Global Markets Direct Methodology 143

The following companies are the major competitors of Petroleos de Venezuela S.A.:
Exxon Mobil Corporation
Petroleos Mexicanos (PEMEX)
China National Petroleum Corporation
National Iranian Oil Company

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos