Oil activities - Grupo ACS

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Oil activities - Grupo ACS

ACS and Oil Market

Mateo Rodriguez-Sanchez

1


INDEX

Oil market

ACS in the sector

• Experiencies and Capabilities

• Minatitlan project

• Growth

2


PETROLEO PRICES

• Since 2004, Oil prices increase

• Future scenario with upward trend

Fuente: World Energy Outlook 2006

3


PRIMARY DEMAND OF ENERGY

Oil is and will be the primary source of energy

• It implies an increasing necessity to invest in all value chain

45% increase in 20

years

40% increase in 20

years

Fuente: World Energy Outlook 2006

4


GROWTH OF MARGINS

• E&D costs (Exploration and Development) of fields: 7 to 10 $/bl conventional fields

and of 10 - 15 $/bl present fields. .

• Maintenance of oil prices in the range of 70 $/bl (minimum Value)

• Consequences:

• Higher margin in Oil to undertake new projects

• Development of now profitable fields

70 – 80 $/bl

• Increase in EPC market

• Increasing margin for Contractors

¡ Increasing

Margin !

20 – 30 $/bl

57usd/bl

Op., Cost

E&D Cost

9usd/bl

Op., Cost

E&D Cost

Past

7 - 10 $/bl

10 - 15 $/bl

Present & Future

5


ACCUMULATE INVERSMENT 2005-2030

• High prices mean an

outstanding increase of

investments

• 175,000 M$/year in Oil

investments

• Only in Spain: 4 refineries

under development

(investment above 5,000

M€)

122500 M$

$175 000M (In 2005 USD)

$470MM

$175MM

$160MM

$25 MM

26250M$ 26250 M$

Fuente: World Energy Outlook 2006

E&D

Refining

Others

6


Índice

Oil market

ACS in the sector

• Experiences and Capabilities

• Minatitlan Project

• Growth

7


OIL CHAIN OF VALUE

Gas

Oil

Derivates

Production

Transportation

Refining

Other sources

Petrochemicals

***

Alternative

fuel

8


PETROCHEMICAL: From the factories to

consumers

REFINING

(Paraxileno)

PTA/DMT

PET/CHDM

POLYCARBONATES

BENZENE

PROPYLENE

CUMENE

PHENOL/ACETONE

PROPYLENE

POLYPROPYLENE

BACK

9


PIPELINES

• Sea transportation of oil

CAPTAIN PROJECT,

Texaco, Northern Sea

10


UPSTREAM

• CEPSA. RHOURDE EL KHROUF (ALGERIA)

• Gas, Water and Oil Separation plant

• REPSOL: BLOQUE 16 (ECUADOR)

• Extension of Oil production

11


REFINERIES

• Spain New Refineries in Bilbao and Cartagena

• Turnkey Projects and Engineering services

• Works for the next 3 years

12


PETROCHEIMICAL

• TA/PTA PLANT INTERQUISA

• Spain and Canada

• Turnkey Contract of PTA plant (raw

material for PET production)

13


DERIVADOS

• DAP Ma’aden( associate to projects of gas and ammonia)

• The biggest DAP plant of the world (3 MM tpd)

• Own Technology (INCRO)

• Located in Al Jubail –

Arabia Saudi

• Turnkey of 550 MM $

14


ALTERNATIVES FUELS

Fuente: World Energy Outlook 2006

• Investments will grow

outstandingly

in

alternative liquid fuel

sources

ACS is also present in

these alternative fuels

• Agro Fuels

• Gas to liquids

• Heavy Oils

15


PHENOL CUMENO

PHASE 1

16


PHENOL CUMENO

PHASE 2

17


UPSTREAM

EPC 78 , PEMEX, MEXICO

18


PETROCHEMICAL

EASTMAN CHEMICAL

San Roque (Cadiz) SPAIN

CHDM (PET additive)

19


PETROCHEMICAL

Basell

Polypropylene Plant

Tarragona, Spain

20


PETROCHEMICAL

Basf S.A

Propylene Storage

tanks

Tarragona, Spain

21


PETROCHEMICAL

Repsol

Benzene Hydrogenation

La Coruña, Spain

22


PETROQUIMICA

General Electric

Cartagena Project,

Spain

23


REFINERIES

CEPSA

San Roque Refinery

Cadiz

24


PIPELINES

• Land Transportation.

Metragaz Pipeline Magreb - Europe

25


Index

Oil Market

ACS in the sector

• Experiences and Capabilities

• Minatitlan Project

• Growth

26


ACS CAPABILITIES

Promotion

Engineering

Construction

Operation &

Maintenace

• More than 40 years of experience

• Integral contractor (Engineering, Procurement and

Construction, Operation and Maintenance)

• Excellent positioning in the Turnkey Market

• Project Integral management

• International experience

• Home engineering capabilities of international prestige

• Solid client portfolio - National and international

• Financial strength to develop investments

Extent of services in all Value chain

27


CAPABILITIES FOR EXECUTION OF ALL ACTIVITIES

Basic

Engineering

Detailed

Engeneering

Procurement

Construction

& Start-up

Plant

Completion

E

P

Engineering

Procurement

Contract

Process

Detailed Eng.

Equipments

Materias

HAZOP/Risks

licenses

Procurement

Expedition

Inspection

Logistics

Spare parts

C

Construcción

and Start up

Construction

Supervision

Plant

Completion

Constructibility

Planning and Control Costs

QA/QC

Health, Safety, Environmental

28


MARKET DEMAND

• EPC Contractor (Turnkey)

• Bigger Contracts

• Typical contract rise from 100 MM$ to over 500 MM€

• Restricted to general contractors with high technical

capabilities and financial soundness

• Unprecedented increase in demand

• Less competition

• Ability to select contracts based on a suitable risk analysis

29


CLIENTS

30


INTERNATIONAL PRESENCE

• Europe: Spain, Portugal, Greece

• Latin America: Brazil, Argentina, Peru, Costa Rica, Mexico, Ecuador, Colombia, Chile

• North America: Canada, EEUU

• Africa: Algeria, Tunisia, Morocco, Tanzania, Eritrea, Egypt

• Middle East: Saudi Arabia

• Asia: China, Vietnam

31


Índice

Oil Market

ACS in the sector

• Experiencies and Capabilities

• Minatitlan Project

• Growth

32


More than 400 refineries and Petrochemical Plants

DEISOPENTANIZER

46.000 tpy isopentane

MEROX UNIT

42.000 kg/hr.

PROYECTO MINA

BENZENE REDUCTION

470.000 MT/Y

PLATFORMING RZ-100

450,000 tpy

GASOLINE

ALKYLATION UNIT

160.000 tpy

33


MINATITLAN PROJECT: BEFORE

34


MINATITLAN – PEMEX - MEXICO

• Engineering and Design

• Above 1 Million of hours

• Design in 3D (PDMS)

• Engineering in Madrid, Mexico,

Venezuela

35


MINATITLAN – PEMEX - MEXICO

• Procurement

• Procurement in Mexico, Europe, EEUU and Asia

• 400 Purchase orders

• 750 pieces of process equipment

• 50.000 tons transported via marine and air shipping

• 1600 inspections developed

36


MINATITLAN – PEMEX - MEXICO

• 200,000 m3 of concrete and 8,000 ton of steel structure

37


MINATITLAN – PEMEX - MEXICO

• More than 11,000 Tn of equipments

38


MINATITLAN PROJECT: NOW

39


Index

Oil market

ACS in the sector

• Experiences and Capabilities

• Minatitlan Project

• Growth

40


ACS: A constant guarantee of growghing

ACS is in all the oil chain (overlapping cycles)

ACS provides all services from engineering to maintenance

ACS is diversified geographically

• Diversification of clients

60

50

%

40

30

20

Refino

Upstream

Offshore

Total

10

0

2003 2004 2005 2006 2007

41


…………………….and profitable

• High entry barriers

• Technological (experience)

• Client trust

• Financial soundness for Major Projects

• Sustainable Profitability

• Privileged position through presence in all value chain

• New contract schemes

• New technologies and trends

42


ACS and Oil Market

Mateo Rodriguez-Sanchez

43

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