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Petroleo Brasileiro S.A. Detailed Analysis and Forecasts of Refineries Product Image

Petroleo Brasileiro S.A. Detailed Analysis and Forecasts of Refineries

  • Published: January 2009
  • Global Markets Direct

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Petroleo Brasileiro S.A. Detailed Analysis and Forecasts of Refineries

Summary

Global Market Direct’s Petroleo Brasileiro S.A. Detailed Analysis and Forecasts of Refineries is an essential source for company data and information. The report examines Petroleo Brasileiro S.A.’s key business structure and operations, history and products, and provides detailed analysis of its key revenue lines and strategy. It provides a unique insight into the company’s major Refineries

Scope

- Provides all the crucial company information required for business and competitor intelligence needs
- Details the company’s Refineries internationally.
- Data is supplemented with details on the company’s history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available company statement.

Resons to buy

- Obtain up to date company information.
- Understand and respond to your competitors’ business structure, strategy and prospects.
- Assess your competitor’s Refineries
- Support sales activities by understanding your customers’ businesses better.
- Qualify prospective partners and suppliers.

1
1 2
1.1 List of Tables 15
1.2 List of Figures 20
2 Company Snapshot 21
2.1 Key Information 21
2.2 Company Overview 21
2.3 Financial Performance 21
2.4 Industry Outlook - Pipelines 21
2.5 Industry Outlook - Refining 22
2.6 Industry Outlook - Storage 23
2.7 Industry Outlook - Tankers 23
2.8 SWOT Snapshot 24
3 Petroleo Brasileiro S.A. Refining Operations 25
3.1 Petroleo Brasileiro S.A., Total Refining Capacity, 2000 - 2012 25
3.1.1 Refining Operation, Argentina, Crude Distillation Unit Capacity, 2000 - 2012 26
3.1.2 Refining Operation, Argentina, Fluid Catalytic Cracking Capacity, 2000 - 2012 26
3.1.3 Refining Operation, Bolivia, Crude Distillation Unit Capacity, 2000 - 2012 26
3.1.4 Refining Operation, Brazil, Crude Distillation Unit Capacity, 2000 - 2012 27
3.1.5 Refining Operation, Brazil, Coking Capacity, 2000 - 2012 28
3.1.6 Refining Operation, Brazil, Fluid Catalytic Cracking Capacity, 2000 - 2012 29
3.1.7 Refining Operation, Japan, Crude Distillation Unit Capacity, 2000 - 2012 30
3.1.8 Refining Operation, Texas, Crude Distillation Unit Capacity, 2000 - 2012 30
3.1.9 Refining Operation, Texas, Coking Capacity, 2000 - 2012 30
3.1.10 Refining Operation, Texas, Fluid Catalytic Cracking Capacity, 2000 - 2012 31
3.2 Petroleo Brasileiro S.A.s Refining Asset Details 32
3.2.1 Petroleo Brasileiro S.A.s Refining Asset Details, Bahia Blanca Refinery 32
3.2.2 Petroleo Brasileiro S.A.s Refining Asset Details, Gualberto Villaroel Refinery 33
3.2.3 Petroleo Brasileiro S.A.s Refining Asset Details, Manaus Refinery 34
3.2.4 Petroleo Brasileiro S.A.s Refining Asset Details, Fortaleza Refinery 35
3.2.5 Petroleo Brasileiro S.A.s Refining Asset Details, Landulpho Alves Refinery 36
3.2.6 Petroleo Brasileiro S.A.s Refining Asset Details, Pernambuco Refinery 38
3.2.7 Petroleo Brasileiro S.A.s Refining News Details, Pernambuco Refinery 39
3.2.8 Petroleo Brasileiro S.A.s Refining Deals Details, Pernambuco Refinery 39
3.2.9 Petroleo Brasileiro S.A.s Refining Asset Details, Nishihara Refinery 40
3.2.10 Petroleo Brasileiro S.A.s Refining Asset Details, Campo Duran Refinery 41
3.2.11 Petroleo Brasileiro S.A.s Refining Asset Details, Guillermo Elder Bell Refinery 41
3.2.12 Petroleo Brasileiro S.A.s Refining Asset Details, San Lorenzo Refinery 42
3.2.13 Petroleo Brasileiro S.A.s Refining Asset Details, Alberto Pasqualini Refinery 43
3.2.14 Petroleo Brasileiro S.A.s Refining News Details, Alberto Pasqualini Refinery 45
3.2.15 Petroleo Brasileiro S.A.s Refining Asset Details, Gabriel Passos Refinery 45
3.2.16 Petroleo Brasileiro S.A.s Refining Asset Details, Ipiranga Refinery 47
3.2.17 Petroleo Brasileiro S.A.s Refining Asset Details, Capuava Refinery 48
3.2.18 Petroleo Brasileiro S.A.s Refining News Details, Capuava Refinery 49
3.2.19 Petroleo Brasileiro S.A.s Refining Asset Details, Duque de Caxias Refinery 50
3.2.20 Petroleo Brasileiro S.A.s Refining Asset Details, Henrique Lage Refinery 51
3.2.21 Petroleo Brasileiro S.A.s Refining Asset Details, Paulinia Refinery 53
3.2.22 Petroleo Brasileiro S.A.s Refining Asset Details, Presidente Bernardes Refinery 54
3.2.23 Petroleo Brasileiro S.A.s Refining Asset Details, Presidente Getulio Vargas Refinery 55
3.2.24 Petroleo Brasileiro S.A.s Refining Deals Details, Presidente Getulio Vargas Refinery 57
3.2.25 Petroleo Brasileiro S.A.s Refining Asset Details, Pasadena Refinery 58
3.2.26 Petroleo Brasileiro S.A.s Refining News Details, Pasadena Refinery 59
3.2.27 Petroleo Brasileiro S.A.s Refining Deals Details, Pasadena Refinery 59
4 Business Description 60
4.1 Business Overview 60
4.2 Distribution 60
4.2.1 Overview 60
4.2.2 Financials 60
4.2.3 Capital Expenditure 60
4.2.4 Key Strategies 60
4.3 Exploration and Production 60
4.3.1 Overview 60
4.3.2 Production 61
4.3.3 Financials 61
4.3.4 Capital Expenditure 61
4.3.5 Market View 61
4.3.6 Key Strategies 61
4.4 Gas and Energy 61
4.4.1 Overview 61
4.4.2 Financials 62
4.4.3 Capital Expenditure 62
4.4.4 Market View 62
4.4.5 Key Strategies 63
4.5 International 63
4.5.1 Overview 63
4.5.2 Production 63
4.5.3 Financials 63
4.5.4 Capital Expenditure 63
4.5.5 Market View 63
4.5.6 Key Strategies 63
4.6 Supply 64
4.6.1 Overview 64
4.6.2 Production 64
4.6.3 Financials 64
4.6.4 Capital Expenditure 64
4.6.5 Market View 64
4.6.6 Key Strategies 64
4.7 Major Products and Services 65
4.7.1 Overview 65
5 History 66
6 Business Strategy 71
6.1 Mission Statement 71
6.2 Strategy 71
6.3 Corporate Social Responsibility 72
6.3.1 Overview 72
6.3.2 Specific CSR Initiatives 72
7 Value Chain Analysis 74
7.1 Upstream 74
7.1.1 Overview 74
7.1.2 Financials, Production and Major Projects 74
7.2 Midstream 75
7.2.1 Overview 75
7.2.2 Financials, Production and Major Projects 75
7.3 Downstream 76
7.3.1 Overview 76
7.3.2 Financials, Production and Major Projects 76
7.4 Retail 76
7.4.1 Overview 76
7.4.2 Financials, Production and Major Projects 76
8 SWOT Analysis 77
8.1 Overview 77
8.2 Petroleo Brasileiro S.A. Strengths 77
8.2.1 Diversified Revenue Stream 77
8.2.2 Strong Downstream Operations 77
8.2.3 Robust Revenue Growth 78
8.3 Petroleo Brasileiro S.A. Weaknesses 78
8.3.1 Decreasing Revenues from Exploration and Production Segment 78
8.3.2 Poor Resource Management 78
8.4 Petroleo Brasileiro S.A. Opportunities 78
8.4.1 Expanding Columbian and Paraguayan Market 78
8.4.2 Growing Demand for LPG 78
8.4.3 Increasing Demand for Ethanol in Japan 78
8.5 Petroleo Brasileiro S.A. Threats 79
8.5.1 Uncertainty in the Bolivian Energy Industry 79
8.5.2 Intense Competition 79
9 Competitors 80
10 Revenue Analysis 81
10.1 Revenue by Segment 81
10.2 Revenue by Geography 81
11 Financial and Operational Review 82
11.1 Financial Statements 82
11.2 Financial Ratios 83
12 Operational Indicators 84
13 Share Holding Structure 85
14 Key Employees 86
15 Key Employee Biographies 87
16 Locations And Subsidiaries 88
16.1 Head Office 88
16.2 Other Locations & Subsidiaries 88
17 Financial Deals Landscape 90
17.1 Petroleo Brasileiro S.A., Deals Volume Summary, 2004 to YTD 2008 90
17.2 Petroleo Brasileiro S.A., Deals Summary By Region, 2004 to YTD 2008 91
17.3 Petroleo Brasileiro S.A., Deals Summary, 2004 to YTD 2008 92
17.4 Petroleo Brasileiro S.A. Detailed Deal Summary 97
17.4.1 Rumored Deals 97
17.4.2 Asset Purchase 101
17.4.3 Acquisition 123
17.4.4 Equity Offerings 140
17.4.5 Debt Offerings 141
17.4.6 Partnerships 146
18 Recent Developments 168
18.1 License Rounds 168
18.1.1 Jan 14, 2008: Chile To Sign Oil/Gas Exploration Contracts To Explore Hydrocarbons 168
18.2 License Awards 168
18.2.1 Dec 09, 2008: Eni Wins Two Licenses In UK North Sea 168
18.2.2 Dec 05, 2008: Total Wins Three Exploration Permits In UKs 25th Oil And Gas Licensing Round 168
18.2.3 Oct 29, 2008: Eni-Led Consortium To Sign Kashagan Oil Deal With Kazakhstan 169
18.2.4 Oct 01, 2008: Adria LNG Receives Consent From Croatian Government 169
18.2.5 Sep 17, 2008: Total Signs Farm-In Agreement With Madagascar Oil For Bemolanga License 169
18.2.6 Sep 05, 2008: StatoilHydro Receives Drilling Permit For Wellbore 15/5-7 A In Production License 048 169
18.2.7 Jul 17, 2008: OMV, Repsol Renew Murzuq Exploration Licenses With NOC 170
18.2.8 Jul 13, 2008: Algeria Invites Pre-Qualified Companies To Bid For Oil And Gas Exploration 170
18.2.9 Jul 02, 2008: Yemen Signs Gas Deal With Total 171
18.2.10 Jun 19, 2008: Four Western Oil Firms To Sign Oil Contracts With Iraq 171
18.2.11 Jun 13, 2008: StatoilHydro Obtains Drilling Permit For Wellbore 15/5-7 In Production License 048 171
18.2.12 May 18, 2008: Iraq Asks International Oil Firms To Submit Final Deal Proposals 172
18.2.13 May 09, 2008: Australia Government Awards AUD425 Million Offshore Oil And Gas Permits 174
18.2.14 Feb 28, 2008: Total Obtains Approval For Usan Field From Nigerian Government 176
18.2.15 Feb 15, 2007: Total Gets Three Exploration Licenses 176
18.3 Strategy and Business Expansion 177
18.3.1 Dec 04, 2008: 48 Companies To Help Nigeria In Developing Gas Sector 177
18.3.2 Sep 19, 2008: Total, Gazprom And YPFB Signs Cooperation Agreement To Explore The Azero Block 177
18.3.3 Sep 10, 2008: Total To Spend EUR5.5 Billion To Expand Its R&D Program 177
18.3.4 Sep 04, 2008: Total Signs Three Oil And Gas Agreements In Syria 178
18.3.5 Aug 26, 2008: Halliburton And Total To Develop Ultra-High-Temperature Measurement-While-Drilling System 178
18.3.6 Aug 19, 2008: Chiyoda And Samsung Engineering To Bid For Two Export Refinery Projects In Saudi Arabia 179
18.3.7 Jul 28, 2008: Iran LNG Set To Replace Total In Pars LNG Project 179
18.3.8 Jul 10, 2008: Total To Quit Irans South Pars Gas Field 180
18.3.9 Jul 09, 2008: Total, Mittal And Partners To Decide On Setting Up A Refinery By 2008 End 180
18.3.10 Jul 01, 2008: Total Unlikely To Sign Big Iraq Deals In 2009 181
18.3.11 Jun 20, 2008: Saudi Aramco, Total To Establish Refinery In Jubail 181
18.3.12 Jun 20, 2008: StatoilHydro To Boost Its Presence In Russia 181
18.3.13 Jun 20, 2008: PDVSA Plans To Build Three LNG Trains 182
18.3.14 Jun 05, 2008: TOTAL Enters Production Sharing Agreement With SOCAR 182
18.3.15 Jun 02, 2008: Total To Seek Partners For UK North Sea Gas Pipe In Summer 183
18.3.16 Apr 25, 2008: StatoilHydro Gets Aprroval For Morvin Field 183
18.3.17 Apr 21, 2008: Total To Bid For Oil Exploration Blocks In Oman 184
18.3.18 Apr 16, 2008: Petrobras Plans To Construct LNG Refinery 184
18.3.19 Apr 15, 2008: Petrobras To Begin Oil Production In Nigeria 185
18.3.20 Apr 12, 2008: Chevron In Talks With Iraq To Enhance Output In Oil Field 185
18.3.21 Apr 01, 2008: Total Acquires New Offshore Blocks In Gulf Of Mexico 185
18.3.22 Mar 18, 2008: PGN To Build Gas Pipeline In North Sumatra 186
18.3.23 Feb 27, 2008: INPEX And Total Signs PFA With Northern Territory Government 186
18.3.24 Feb 21, 2008: Gazprom, Total, StatoilHydro Form JV To Develop Shtokman Field 187
18.3.25 Feb 13, 2008: Chevron Enters Deal With Sonangol To Develop Angola LNG Project 187
18.3.26 Feb 12, 2008: Total Launches Deep-Conversion At Port Arthur Refinery, Texas 188
18.3.27 Feb 04, 2008: Total Signs Two Heavy Oil Study Agreements With PDVSA In Venezuela 188
18.3.28 Jan 18, 2008: StatoilHydro Submits Yttergryta PDO 188
18.3.29 Jan 12, 2008: Total To Expand Oil And Gas Operations At Yemen 189
18.3.30 Jan 04, 2008: Mittal-HPCL Consider Option Of Setting Up $6 Billion Refinery In SEZ 189
18.3.31 Dec 05, 2007: Total Signs Agreement With Sinopec To Farm Into Two Onshore Blocks In Yemen 189
18.3.32 Dec 04, 2007: Total, Sontrach To Construct Petrochemical Complex In Algeria 190
18.3.33 Nov 27, 2007: Total Assigns 10% Interest In Joslyn Project To INPEX 190
18.3.34 Nov 21, 2007: Total Gets Otway Exploration License In Chile 191
18.3.35 Nov 05, 2007: TOTAL Gets Extension On Bongkot Gas Field Production 191
18.3.36 Jul 31, 2007: Total Acquires Two New Offshore Blocks, Australia 192
18.3.37 Jul 26, 2007: Total, Conoil Sign Agreement For Interest In OML 192
18.3.38 Jul 19, 2007: NNPC, Total Launch Phase 2 Of Ofon Field Development Project 194
18.3.39 Jul 13, 2007: Total, Gazprom Sign Framework Agreement 194
18.3.40 Jul 04, 2007: Total Starts Construction Of Two New Units At Lindsey Oil Refinery 194
18.3.41 Jun 29, 2007: Concordia Signs Strategic Agreement With Total 195
18.3.42 May 21, 2007: Total Announces Two New Oil Discoveries In Angola 195
18.3.43 Apr 02, 2007: Total Announces Two New Oil Discoveries In Congo 195
18.3.44 Mar 12, 2007: Total Acquires Interest In Mahakam Delta 196
18.3.45 Mar 05, 2007: Statoil, Pertamina Get Operatorship For Karama Block 196
18.3.46 Feb 06, 2007: Neste Oil Discontinues Biodiesel Project In France 197
18.3.47 Feb 02, 2007: Total Acquires Interest In Offshore Block In Australia 197
18.3.48 Nov 02, 2006: Total Enters Into An Gas Exploration In Netherlands 197
18.3.49 Aug 01, 2006: Total Acquires Interest In Exploration Block Northeast Of Java 198
18.4 Recent Discoveries 198
18.4.1 Nov 28, 2008: Total Strikes Oil At Moho Nord Marine-3 Well In Moho-Bilondo License, Republic Of Congo 198
18.4.2 Nov 03, 2008: Total Announces New Gas Discovery In ML-4 Well At Block B, Offshore Brunei 198
18.4.3 Oct 15, 2008: BP Discovers Oil At Dione Well In Ultra Deepwater Block 31, Angola 199
18.4.4 Oct 14, 2008: Eni And Sonangol Encounter Oil At Ngoma-1 Well In Block 15/06 Offshore Angola 199
18.4.5 Sep 09, 2008: Total Announces Success At West Franklin Field In Central Graben, UK 200
18.4.6 Aug 07, 2008: Total Announces Gas Discovery In Browse Basin, Australia 200
18.4.7 Jun 04, 2008: Total Announces New Gas Discovery In UK North Sea 201
18.4.8 May 27, 2008: Total Discovers Gas And Condensates On Block B, Offshore Brunei 201
18.4.9 May 05, 2008: Eni Announces Oil Discovery Offshore Angola 202
18.4.10 Feb 01, 2008: BP And Sonangol EP Makes Oil Discovery At Ultra-Deep Water Block 31, Angola 202
18.4.11 Feb 01, 2008: StatoilHydro Announces Fifteenth Oil Discovery In Angola Block 31 203
18.4.12 Dec 03, 2007: Galp Energia Discovers Oil At Block 32 In Angola 203
18.4.13 Dec 03, 2007: Total, Sonangal Discover Oil, Offshore Angola 203
18.4.14 Dec 03, 2007: Marathon Announces Two Deepwater Discoveries In Angola 204
18.4.15 Nov 16, 2007: Total Discovers Oil, Offshore The Republic Of The Congo 204
18.4.16 Nov 14, 2007: BP Announces Gas Discovery In Shah Deniz Field 205
18.4.17 Oct 10, 2007: Total Announces Two New Gas Discoveries In Indonesia 206
18.4.18 Oct 10, 2007: Total Announces Two New Gas Discoveries In Indonesia 206
18.4.19 Sep 04, 2007: Total Discovers Gas Condensate In UK 206
18.4.20 Sep 04, 2007: Eni Updates On Gas Condensate Discovery In The UK North Sea 207
18.4.21 Aug 10, 2007: Eni Makes New Oil Discovery Offshore Angola 207
18.4.22 Aug 09, 2007: Total Discovers Oil In Angola 207
18.4.23 Aug 07, 2007: Total, Sonangol Announce Oil Discovery, Offshore Angola 208
18.4.24 Jan 30, 2007: Total Announces New Gas Discoveries In Gulf Of Thailand 208
18.4.25 Jan 26, 2007: Eni Discovers Oil Well In Angola 209
18.4.26 Nov 07, 2006: Total Discovers Gas Near Tunu Field In Indonesia 209
18.4.27 Nov 02, 2006: Talisman Updates On Exploration Well In Trinidad 209
18.4.28 Jul 26, 2006: Total Announces An Oil Discovery in Libya 210
18.4.29 Sep 18, 2002: BP Discovers Oil At Plutao-1 Well In Block 31, Angola 210
18.5 Drilling and Production Updates 211
18.5.1 Sep 10, 2008: Total Announces First Gas From K5F Netherlands Field Using Innovative Subsea Technology 211
18.5.2 Aug 18, 2008: StatoilHydro Drills Dry Well Near Huldra Field In North Sea 211
18.5.3 Jul 03, 2008: Total Gets Ready For Sudan Oil Drill 211
18.5.4 May 30, 2008: Total Expects Kashagan Oil Production Starting In Next Few Years 213
18.5.5 May 28, 2008: Shtokman Gas Field To Start Production By Second Half Of 2013 213
18.5.6 May 16, 2008: BPMIGAS Says 13 New Oil And Gas Fields To Begin In 2008 214
18.5.7 May 16, 2008: INPEX Announces Delay Of LNG Production 214
18.5.8 May 12, 2008: Eni May Postpone Kashagan Oil Production Until 2013 214
18.5.9 Apr 29, 2008: Chevron Confirms Startup Of Moho-Bilondo, Offshore Republic Of The Congo 216
18.5.10 Apr 29, 2008: StatoilHydro Says New Template On Stream At Vigdis 216
18.5.11 Apr 16, 2008: StatoilHydro Updates On Its Operations At Tyrihans Field 217
18.5.12 Dec 11, 2007: Total Starts Up Commercial Production At Surmont Project 217
18.5.13 Dec 11, 2007: TOTAL Starts Oil Production On Surmont Project 218
18.5.14 Nov 29, 2007: INPEX To Starts Production Of Sisi-Nubi Gas Fields In Indonesia 219
18.5.15 Aug 08, 2007: Eni Completes Drilling Activities At Cassiopee Est Marine -1 Well 219
18.5.16 Jul 10, 2007: Total And Partners Start Production At Dolphin Gas Project 220
18.5.17 Jun 29, 2007: Total, Sonangol Start Production, Offshore Angola 220
18.5.18 Apr 26, 2007: Statoil Temporarily Ceases Production At Kvitebjorn 221
18.5.19 Apr 05, 2007: Chevron Announces Two Discoveries In Congo 221
18.5.20 Mar 28, 2007: Total Announces Development Of Jura Field 222
18.5.21 Dec 15, 2006: Statoils Dalia Oil Field On Stream 222
18.5.22 Aug 15, 2006: Lundin To Start Production At L4G Gas Field 223
18.6 Financial Announcements 223
18.6.1 Nov 05, 2008: Total Reports 3Q 2008 Results 223
18.6.2 Sep 10, 2008: Total Declares Interim Dividend 226
18.6.3 Aug 01, 2008: Total Reports 2Q 2008 Results 226
18.6.4 May 07, 2008: Total Reports Q1 2008 Results 226
18.6.5 Feb 13, 2008: Total Reports Q4 2007 Results 227
18.6.6 Nov 07, 2007: TOTAL Declares Q3 2007 Results 227
18.6.7 Nov 07, 2007: TOTAL Restates Production Target 227
18.6.8 Sep 05, 2007: Total Declares Interim Dividend 227
18.6.9 Aug 02, 2007: Total Declares Q2 2007 Results 227
18.6.10 May 04, 2007: Total Reports Q1 2007 Results 227
18.6.11 Feb 14, 2007: Total Reports Q4 and Year End 2006 Results 228
18.6.12 Nov 08, 2006: Total Reports Q3 2006 Results 228
18.6.13 Sep 12, 2006: Total Announces First Half Of 2006 Results 228
18.7 Other Significant Developments 228
18.7.1 Dec 11, 2008: Algeria Oil And Gas Revenue To Net $76 Billion In 2008 228
18.7.2 Dec 10, 2008: Qatargas To Award Ras Laffan Gas Recovery Contract 229
18.7.3 Dec 10, 2008: Total To Commence Akpo Project In Nigeria In Q1 2009 229
18.7.4 Dec 08, 2008: Shtokman Gas Project To Be Delayed Due To Credit Crisis 229
18.7.5 Nov 27, 2008: Algeria Delays Licensing Bids By Ten Days 230
18.7.6 Nov 26, 2008: Total Plans For Final Investment On Sulige Block In Mid-2009 230
18.7.7 Nov 21, 2008: Aker Transports SRSWI Pumps To Tyrihans Field In Norwegian Sea, Norway 232
18.7.8 Nov 14, 2008: Total Announces New Development In Thailand 232
18.7.9 Nov 10, 2008: Total And PetroChina To Develop Natural Gas Block In China 233
18.7.10 Nov 02, 2008: Iran Cuts Crude Oil Sales To Total 234
18.7.11 Oct 30, 2008: Total Launches OML 58 Upgrade Project In Nigeria 235
18.7.12 Oct 21, 2008: Shtokman Development To Invest $800 Million On Barrents Sea Gas Project 235
18.7.13 Oct 16, 2008: Falling Stock Markets And Oil Prices Prompts Energy Companies To Start Acquisitions 236
18.7.14 Oct 10, 2008: StatoilHydro Updates On Dagny Discovery In Norwegian North Sea 237
18.7.15 Oct 07, 2008: Total Commences Maintenance Programme At La Mede Refinery In France 237
18.7.16 Oct 06, 2008: Total Announces Management Change 237
18.7.17 Oct 06, 2008: E.ON Ruhrgas Announces Completion Of Well 29/5b-F9y, UK 238
18.7.18 Oct 05, 2008: Total To Upgrade Provence Refinery At La Mede On French Riviera 238
18.7.19 Sep 30, 2008: GDF Suez To Begin Fos-Cavaou LNG Terminal In 2009 238
18.7.20 Sep 29, 2008: Saudi Aramco And Total JV Appoints New President And CEO 239
18.7.21 Sep 25, 2008: Nigeria Warns To Suspend LNG Projects Of Energy Firms 239
18.7.22 Sep 17, 2008: HPCL And Partners To Decide On Vizag Project Structure And Funding By November 2008 239
18.7.23 Sep 16, 2008: BHP Billiton Signs Natural Gas Contract With NGC 240
18.7.24 Sep 11, 2008: Jordan Enters Into MoU With Total And Petrobras 240
18.7.25 Sep 11, 2008: Iraq Cancels Six Oil Contracts With Foreign Companies 240
18.7.26 Sep 04, 2008: Total Appoints Vice President 241
18.7.27 Sep 04, 2008: Total To Sign LNG Deal With China By 2008 Year-End 241
18.7.28 Aug 28, 2008: Total Appoints New Advisor For Nuclear Power 241
18.7.29 Aug 26, 2008: U.S Government To Pay $1.1 Billion To Oil Companies In Oil Lease Case 242
18.7.30 Aug 20, 2008: Kazakhstan Sets New Due Date For Kashagan Oilfield Development 242
18.7.31 Jul 29, 2008: International Oil Firms To Start Drilling In Chile In August 2008 243
18.7.32 Jul 07, 2008: Indonesia Expects Production Of Sisi And Nubi Fields To Reach 350 Mcf/d By 2008 243
18.7.33 Jul 07, 2008: Total Indonesia Plans To Invest $1.9 Billion In 2009 244
18.7.34 Jul 02, 2008: Iran In Gas Deal Talks With Shell And Total 244
18.7.35 Jul 02, 2008: Iran Allocates $16 Billion To Develop Oil Wells 244
18.7.36 Jul 01, 2008: INPEX To Decide On Where To Process Ichthys Gas 245
18.7.37 Jun 17, 2008: Yemen LNG Secures Financing, Sales Contracts 245
18.7.38 Jun 16, 2008: Total And CNOOC Signs MoU To Supply LNG To China 246
18.7.39 Jun 15, 2008: Iran Proposes To Purchase Azerbaijan Gas 246
18.7.40 May 20, 2008: Total Brings Jura Field On Stream 247
18.7.41 May 20, 2008: HPCL-Mittal Energy-Total Consortium To Invest INR3.43 Trillion In Petro Hub 248
18.7.42 May 20, 2008: Total-Led Group Signs $2.8 Billion Yemen LNG financing 248
18.7.43 May 14, 2008: Saudi Aramco And Total Confirm Jubail Refinery Project 249
18.7.44 May 07, 2008: Total CFO Retires, Appoints New CFO 249
18.7.45 May 02, 2008: Iraq In Talks With Oil Firms To Develop Prized Oil Fields 250
18.7.46 Apr 28, 2008: Total Updates On Moho-Bilondo Field 251
18.7.47 Apr 26, 2008: Total Temporarily Shuts Al-Jurf Field In Libya 251
18.7.48 Apr 16, 2008: Iran Sets Deadline For Total And Shell To Finalize Deals On South Pars Project 252
18.7.49 Apr 11, 2008: Total’s Upgrader Proposal Being Reviewed By Alberta Regulators 252
18.7.50 Mar 24, 2008: Iraq May Pay $2.5 Billion To Increase Its Oil Output 253
18.7.51 Mar 12, 2008: Total To Invest $1Billion In Bongkot Field 253
18.7.52 Mar 10, 2008: Total Appoints CAO, Senior Vice President 253
18.7.53 Feb 28, 2008: Total Announces Launch Of Anguille Field Redevelopment In Gabon 254
18.7.54 Feb 21, 2008: Venezuela Pays $1.8 Billion In Compensation To Total, StatoilHydro And Eni 254
18.7.55 Feb 15, 2008: StatoilHydro Submits PDO For Morvin Field 254
18.7.56 Feb 14, 2008: PDVSA To Pay Total $834 Million In Compensation 255
18.7.57 Feb 12, 2008: Chile To Enter Oil, Gas Exploration And Production Contracts In April 255
18.7.58 Feb 11, 2008: Chavez Threatens To Cease Oil Exports To US 256
18.7.59 Jan 31, 2008: PDVSA Reaches Compensation Agreement With Total, StatoilHydro 256
18.7.60 Jan 25, 2008: Total To Pay Erika Settlement; Will Appeal Guilty Verdict 256
18.7.61 Jan 14, 2008: Total Announces Start-Up Of LPG Import And Storage Terminal 257
18.7.62 Jan 02, 2008: FMC Technologies Wins $980 Million Contract From Total 257
18.7.63 Dec 27, 2007: Total Launches Pazflor Development On Block 17, Offshore Angola 257
18.7.64 Dec 24, 2007: Total Starts Survey For Offshore Bangladesh Exploration 258
18.7.65 Dec 17, 2007: Total Signs MoU With Indonesia For CO2 Capture And Storage 258
18.7.66 Dec 10, 2007: Stena Bulk Delivers Stena Perros Vessel 259
18.7.67 Dec 10, 2007: Chevron Announces Green Light For Angola LNG Project 259
18.7.68 Dec 10, 2007: TOTAL Announces Management Changes 260
18.7.69 Nov 29, 2007: Total Updates On Sisi-Nubi Gas Fields, Indonesia 260
18.7.70 Nov 29, 2007: Total To Build Compression Platform For Yadana Field 260
18.7.71 Jun 26, 2007: Total Signs MOU With Venezuela’s Ministry 261
18.7.72 May 11, 2007: Total Re-elects Chairman 261
18.7.73 Apr 23, 2007: Total Appoints Executive Director 261
18.7.74 Apr 20, 2007: Total Awarded 32 Offshore Exploration Blocks In Alaska 261
18.7.75 Jan 18, 2007: Statoil Terminates Work On Snohvit Oil 262
18.7.76 Dec 18, 2006: Total Announces Commercial Gas Production In Azerbaijan 262
18.7.77 Oct 17, 2006: Statoil Updates On Block 17 Development 263
18.7.78 Jul 14, 2006: Angola Announces Seven Blocks In First Licensing Round 263
18.8 New Contracts Announcements 264
18.8.1 Dec 10, 2008: Halliburton Receives Three-Year Contract From TOTAL 264
18.8.2 Dec 09, 2008: Nexans Wins EUR42 Million Subsea Umbilical Contract For Usan Oilfield In Nigeria 264
18.8.3 Nov 24, 2008: Apexindo Receives $43.9 Million Drilling Contract From Total In Indonesia 265
18.8.4 Nov 20, 2008: Arco Secures $41 Million Marine Logistics Contract From Total 265
18.8.5 Nov 10, 2008: HHI Wins $15 Million Contract With GPS For Nigerias Usan FPSO Project 266
18.8.6 Nov 04, 2008: Prosafe Announces Contract Extension For Safe Caledonia Rig With Total And Elf 267
18.8.7 Oct 23, 2008: Grenland Receives NOK307 Million Pazflor Contract From FMC Technologies 267
18.8.8 Oct 23, 2008: Diamond Signs $452 Million Rig Contract With Total 267
18.8.9 Oct 21, 2008: Aker’s JV Receives LoI For Kashagan Full Field Development FEED Contract 267
18.8.10 Sep 25, 2008: GHC Wins Two Helicopter Services Contracts 268
18.8.11 Sep 12, 2008: Havila Shipping Receives Contract From Total 268
18.8.12 Aug 26, 2008: Expro Secures North Sea Contract From Total 268
18.8.13 Aug 23, 2008: Tracerco Receives New Contract In Angola For Pazflor Project 269
18.8.14 Aug 21, 2008: Expro Wins New Contract With Total In Indonesia 269
18.8.15 Aug 14, 2008: RXT Receives Contract From Total For Nkarika Field, Nigeria 270
18.8.16 Jul 18, 2008: BW Offshore Receives LoA From Total For PAZFLOR Project 270
18.8.17 Jul 18, 2008: SBM Signs New Contracts For Angola And Components For Installation Vessels 270
18.8.18 May 17, 2008: Petrojet And Enppi Win Bid Round To Set Up Crude Oil Processing Plant In Yemen 271
18.8.19 Apr 30, 2008: ClampOn Wins Several Orders For Subsea Sand And Pig Detectors 271
18.8.20 Apr 29, 2008: Imeco Wins Total’s Tender For Tunu Field Work 272
18.8.21 Apr 29, 2008: Subsea 7 Announces Contract For TEP UK In The North Sea 272
18.8.22 Apr 28, 2008: SeaBird Wins First Contract Award For SeaBed Operations 273
18.8.23 Apr 14, 2008: Grenland Wins Contract For Pazflor Project 273
18.8.24 Apr 01, 2008: Pride Finalizes Five Year Contract For Deepwater Drillship Pride Angola 274
18.8.25 Mar 28, 2008: Saipem Wins New Offshore Contract In Nigeria 274
18.8.26 Mar 27, 2008: Apexindo Obtains $57.7 Million Drilling Deals 275
18.8.27 Mar 25, 2008: Wood Group Wins Engineering Contract For Shtokman Gas Project 275
18.8.28 Mar 18, 2008: Jacobs Wins Contract From TRA For FCC Unit 275
18.8.29 Mar 11, 2008: Cameron Receives $650 Million Contract For Subsea Equipment, Offshore West Africa 276
18.8.30 Mar 10, 2008: Fluor Wins EPC Contract For Totals Port Arthur, Texas, Refinery 276
18.8.31 Mar 10, 2008: Fluor Wins EPC Contract For Totals Port Arthur Refinery 277
18.8.32 Feb 04, 2008: KBR Gets Contract To Provide Services For Pazflor FPSO Topsides 277
18.8.33 Jan 08, 2008: Dresser-Rand Wins $44 Million Equipment Supply Contract From Total 278
18.8.34 Jan 02, 2008: Technip Wins Subsea Development Contract From Total 278
18.8.35 Jan 02, 2008: Acergy Wins $700 Million Contract From Total 279
18.8.36 Dec 27, 2007: Prosafe Gets $63 Million Contract For MSV Regalia From Aker Kvaerner 279
18.8.37 Dec 25, 2007: Eni Wins $1.5 Billion Drilling Contracts From Total 279
18.8.38 Dec 07, 2007: Technip Gets EUR90 Million EPCM Contract 280
18.8.39 Nov 16, 2007: SeaDrill Receives Contract Extension From Total 280
18.8.40 Nov 08, 2007: GE’s ICL Technology Selected For Expansion Of EGL Storage Facility In Germany 280
18.8.41 Oct 22, 2007: Wood Group Subsidiary Wins Contract From Total 281
18.8.42 Sep 21, 2007: AMEC Berca Indonesia Receives Contracts For TOTAL’s Tunu Field 281
18.8.43 Mar 27, 2007: PGNiG Signs Frame Agreement With Total E&P Norge 282
18.8.44 Dec 21, 2006: Transocean Extends Contract For Sedco 714 282
18.8.45 Dec 13, 2006: Total Signs Exploration And Production Sharing Contract 282
18.8.46 Aug 29, 2006: Technip Gets PMS Contract For Jubail Refinery Project 282
18.8.47 Aug 28, 2006: Halliburton Wins $60 Million Directional Drilling Contract 283
19 Appendix 284
19.1 Methodology 284
19.1.1 Coverage 284
19.1.2 Secondary Research 285
19.1.3 Primary Research 285
19.1.4 E&P Forecasts 286
19.1.5 Midstream Forecasts 287
19.1.6 Expert Panel Validation 288
19.2 Contact Us 288
19.3 About us288
19.4 Disclaimer 288

Executive Summary

1.2 List of Figures
Figure 1: Petroleo Brasileiro S.A., Refining Capacity Country-Wise (MMTPA), 2000-2012 25
Figure 2: Petroleo Brasileiro S.A., Value Chain Analysis 74
Figure 3: Petroleo Brasileiro S.A., Deals Volume Summary, 2004 to YTD 2008 90
Figure 4: Petroleo Brasileiro S.A., Deals Summary by Region, 2004 to YTD 2008 91
Figure 5: Global Markets Direct Methodology 284

The following companies are the major competitors of Petroleo Brasileiro S.A.:
British Petroleum Plc
Chevron Corporation
ConocoPhillips
Eni S.p.A.
Exxon Mobil Corporation
PetroChina Company Limited
Repsol YPF, S.A.
Royal Dutch Shell plc
TOTAL S.A.
Yukos Oil Company
Oiltanking GmbH
NuStar Energy L.P.

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