Иностранные инвестиции в нефтегазовых проектах НК "КазМунайГаз"
Upcoming SlideShare
Loading in...5
×
 

Иностранные инвестиции в нефтегазовых проектах НК "КазМунайГаз"

on

  • 1,175 views

 

Statistics

Views

Total Views
1,175
Views on SlideShare
1,175
Embed Views
0

Actions

Likes
0
Downloads
37
Comments
1

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Иностранные инвестиции в нефтегазовых проектах НК "КазМунайГаз" Иностранные инвестиции в нефтегазовых проектах НК "КазМунайГаз" Presentation Transcript

  • National Company “KazMunayGas”: Role of Foreign Investment inDevelopment of Oil & Gas Projects New York, 7 December 2011
  • Foreign Investment in Republic of Kazakhstan (from 1993 through 2nd half of 2011) Investment Inflow Dynamics Largest Investing Countries mn USD25000 Netherlands 31,361.80 19,760 USA 21,773.6020000 19,138 18,453 18,076 Great Britain 10,718.20 France 8,291.4015000 Virgin Islands (British) 7,119.20 10,624 9,997 Italy 5,519.0010000 8,317 Russia 5,093.80 6,619 4,5574,1064,624 China 5,031.105000 2,781 Canada 4,745.20 1,271 1,6742,1071,2331,852 660 984 Switzerland 4,272.10 mn USD 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 IIQ 0 10000 20000 30000 Political stability and favorable investment Western countries account for the bulk of direct climate have been promoting a considerable investment: the Netherlands rank first - over 31 bn inflow of foreign direct investment in Kazakhstan. USD, followed by the U.S. - 21.7 bn USD. From 1993 through 2nd half of 2011, 136 bn The main direction of investment is connected USD of investment were attracted to the country. with subsoil use, energy and infrastructure projects. 2
  • Development of Kazakhstans Oil & Gas IndustryGrowth in the proven oil and natural gas reserves Oil reserves, bn tons: 1991 – 2.8 2010 – 5.5 Natural gas reserves, tcm: 1991 – 1.8 2010 – более 3.0Oil production in 2010 in the world and the Republic of KazakhstanMn tons Mn tons Oil production in Kazakhstan 600 140 120 500 100 80 400 60 40 20 300 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2015 2020 200 130 mn tons by 2020 100 0 United Arab… Norway Kazakhstan Ecuador Venezuela Argentina Kuwait Russia China Nigeria Colombia Mexico Brazil Oman Iran Iraq Qatar United Kingdom Indonesia India Sudan Azerbaijan US Canada Angola Algeria Saudi Arabia Malaysia Libya Egypt 3
  • Major Oil & Gas Projects - Tengiz ProjectIn April, 1993 the "centurys contract" was made - a long-term 40-years agreement withChevron on establishing LLP “Tengizchevroil” (TCO) was signed.TCO partners: KMG (20%), Chevron (50%), ExxonMobil (25%), LUKArco (5%)In-place reserves: 3.5 bn tons (25 bn bbl) of oil, over 700 bcm of gas Добыча нефти Oil Productionмлн.tonsmn тонн In 2007 TCO successfully30 implemented the "SGP/SGI" projects, providing for oil25 production growth from 13 to 25 mn tons20 Since 1993, TCOs oil uplift has exceeded 200 mn tons15 25,9 Currently the alternatives of10 22,5 the Future Growth Concept 17,8 12,5 13,1 12,8 13,7 13,6 13,3 13,9 aimed for further increase in 5 8,5 9,6 10,5 production are being 7,0 5,0 considered 1,9 2,5 0 1,5 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 4
  • Major Oil & Gas Projects - Karachaganak ProjectThe agreement on sharing production at the Karachaganak field was signed in March, 1995.Final production sharing agreement (FPSA) for a term of 40 years was signed inNovember, 1997Partners: Agip (32.5%), BG (32.5%), Chevron (20%), LUKoil (15%)In-place reserves: 1.5 bn tons (9 bn bbl) of liquid hydrocarbons, 1,300 bcm of gas Production of liquid Gas production млн.tons mn тонн hydrocarbons млрд. м bcm 316 1614 1412 1210 10 8 8 15,6 15,0 15,0 14,2 6 11,6 11,6 11,9 11,4 6 11,5 11,9 10,3 10,4 8,5 9,1 4 4 5,2 5,9 5,8 4,6 4,7 4,8 2 2,1 3,4 4,0 2 2,3 3,6 3,8 0 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 5
  • Major Oil & Gas Projects - North-Caspian ProjectIn November, 1997 the Consortium partners and thegovernment of Kazakhstan signed a Production SharingAgreement (PSA), providing for exploration and production ofhydrocarbons at 11 blocks with a total area of around 5,600km2.Such shelf structures as the gigantic Kashagan, KashaganSouth-West, Kalamkas, Kairan and Aktoty were discoveredwithin the blocks.Exploration well produced a positive result:• on Kashagan - on 30 June 2000• on Kalamkas-more - on 3 September 2002• on Kashagan South-West - 10 August 2003• on Aktoty - 2 September 2003• on Kairan - 10 September 2003Reserves, mn tonsDeposit in-place recoverableKashagan (oil) 4,850 1,475.5Kalamkas-more (oil) 114.2 31.9Kashagan South-West (condensate) 20 6Aktoty (condensate) 156 77Kairan (oil) 112 36NCPs total 5,252.2 1,626.4 6
  • Offshore Oil Projects - "N" BlockProject participants: JSC NC “KazMunayGas” – 51% ConocoPhillips – 24.5% Mubadala – 24.5%The Heads of Agreement, under which the parties agreedon the commercial term sheet for joint implementation of the"N" project, were signed on 5 December 2008 . "N" area is located on the Southern part of the Kazakhstan sector of the Caspian Sea and occupies a total area of 8,184 km2 Water depth is 30-375 m, distance to shore - 15-90 km In-place reserves - 630 mn tons, recoverable - 270 mn tons 7
  • Diversification of Oil Transportation RoutesOver the 20 year of independence of the Republic of Kazakhstan: oil exports volumes have increased from 13 to 71 mn tons annually about 4,000 km of oil pipelines constructed pipeline exports volumes increased from 10 to 58 mn tons annually"Caspian Pipeline Consortium" oil pipeline• Agreement between Kazakhstan, Russia, Oman, and Consortium of international oil companies on construction of the "CPC" pipeline was signed in April, 1996.• Oil pipeline length: 1,510 km• Commissioned: 2001• 1 July 2011 - beginning of construction under the Project for expansion of CPC up to 67 mn tons (52.5 mn tons of oil from the Republic of Kazakhstan) "Kazakhstan-China" Existing routes Planned routes Oil Pipeline Implementation of the Kazakhstan- Oil transportation, mn tons 2010 "Kazakhstan Caspian Transportation China oil pipeline expansion (phase  "CPC" oil pipeline 29,9 System" Project II) will make it possible to increase Need for KCTSs export capacity will arise by  "Atyrau-Samara" oil pipeline 15,3 the time of implementation of Phase 2 of the the throughput capacity to 20 mn  "Kazakhstan-China" oil pipeline 10,0 Kashagan field development tons annually 8
  • Diversification of Gas Transportation Routes"Kazakhstan-China" gas pipelineIn December, 2009 the first line of the first stage of the "Kazakhstan-China" gas pipeline wascommissioned, which is part of the cross-border "Turkmenistan-Uzbekistan-Kazakhstan-China" gas pipeline."Beineu-Bozoi-Shymkent" gas pipelineDevelopment stages: Stage I / Bozoi-Shymkent section - capacity of up to 6 bcm annually Stage II / Beineu-Bozoi section - capacity of up to 10 bcm annually Russia Kazakhstan Beineu-Bozoi-Shymkent gas pipeline Bozoi Turkmenistan-Uzbekistan-Kazakhstan-China Beineu Gas Pipeline Uzbekistan Shymkent Kyrgyzstan Turkmenistan China Tajikistan 9
  • Projects for Reconstruction and Modernization of Kazakhstans Refineries Implementation of the State Program for Boosted Industrial-and- Innovation-Based Development and the Program for Development of the Oil and Gas Industry of the Republic of Kazakhstan for 2010-2014 will make it possible to :  increase the average complexity index of Kazakhstans refineries to the global indicator of 10.2  increase the crude processing depth up to 90%  raise the quality of motor fuels to Euro-4, Euro-5 Investment projects:  "Construction of the Aromatics Production Complex in the Atyrau Refinery"  "Construction of the Deeper Oil Conversion Complex in the Atyrau Refinery"  "Reconstruction and Modernization of the Pavlodar PCP"  "Reconstruction and Modernization of the PKOP Refinery" (Shymkent Refinery)  "Road Bitumens Production in the Aktau Plastic Plant" Anticipated results of reconstructing the refineries: тыс. тонн Name Before reconstruction After reconstruction Change (+/-) Oil refining 13,683 19,000 +5,317 Mogas 2,871 6,722 + 3,851 Jet fuel 484 958 +474 Diesel 4,052 5,919 +1,867 Fuel oil 3,566 1,499 -2,067 Processing depth 66% 90% 24% increase Oil products quality Euro-2 Euro-4, Euro-5 - 10
  • Projects for Reconstruction and Modernization of Kazakhstans Refineries Atyrau Refinery Shymkent Refinery Pavlodar PCP "Construction of the Aromatics Anticipated effect from reconstruction and Anticipated effect from reconstruction and Production Complex" Project modernization: modernization: • Recovery of the designed refining • Increase in the refinerys designed• Increase in the refinerys balanced capacity capacity to 6 mn tons annually capacity up to 7.5 MMtpa. from 4.3 to 5.0 mn tons annually • Increase in the crude processing depth • Increase in the crude processing depth• Increase in the volume of production of high- up to 90% up to 90%. octane gasoline (Euro-3 standard) • Raising the quality of oil products (Euro- • Raising the quality of oil products (Euro-• Production of petrochemical feedstocks 4, Euro-5 standards) 4, Euro-5 standards) (benzene, paraxylene). • Reduction in atmospheric emissions of • Reduction in atmospheric emissions ofProject costs: 1.13 bn USD pollutants pollutantsProject implementation period: 2013 Preliminary project costs: 1.45 bn USD Preliminary project costs: 1.7 bn USD Implementation period: 2015 Implementation period: 2015 "Construction of the Deeper Oil Conversion Complex" Project• Increase in the refinerys balanced capacity up to 5.5 MMtpa• Increase in the production of high-octane gasoline, jet fuel and diesel• Increase in the processing depth up to 87% First stage of the Atyrau Refinery reconstruction project, completed in 2006, has• Raising the quality of motor fuels (Euro- made it possible to replace the obsolete and worn-out equipment, increase the oil 4, Euro-5 standards) conversion ratio to 61%, improve the quality of gasoline and diesel to the Euro-2Project costs: 1.7 bn USD environmental standard, increase production of jet fuel and reduce the adverseProject implementation period: 2015 environmental impact. Total amount of assimilated funds has amounted to 396 mn USD. 11
  • JSC NC “KazMunayGas”KazMunayGas is the national operator for exploration, production, refining and transportation ofhydrocarbons, representing the state in Kazakhstans oil-and-gas sector.The company was incorporated through the merger of National Oil and Gas Company"Kazakhoil" and National Company "Oil and Gas Transportation", based on the Decree dated 20February 2002 of the President of the Republic of Kazakhstan.JSC "National Wealth Fund “Samruk-Kazyna" owns 100% of the companys shares.Key focus areas  Processing and marketing of crude and oil  Oil and gas upstream products  Oil transportation  Support services for the oil & gas industry  Gas transportation and marketing  Corporate governance Key indicators 2010 Share on the RoKs market Production of crude oil and gas condensate 21.9 mn tons 28.0 % Gas production 4.9 bcm 13.1 % Oil refining 15.1 mn tons 83.2 % Pipeline oil transportation 65.8 mn tons 76.4 % Pipeline natural gas transportation 99.4 bcm 95.7 %According to the rating assigned by the Energy Intelligence agency, in 2010 KazMunayGasranked 36th among the worlds top 100 oil & gas companies, climbing 5 positions from the 41stplace in 2009. 12
  • JSC NC "KazMunayGas" - Long-term Development Strategy The goal of JSC NC "KazMunayGas" is to join the worlds top 30 oil & gas companies, by pursuing the strategy of balanced growth in the sectors of oil and gas upstream, gas transportation and marketing, oil transportation, oil refining and marketing of crude oil and oil products Key Strategic Indicators for 2011-2020 Oil production, mn tons Oil refining, mn tons 2002 10,6 2,3 2010 22,0 15,1 2015 24,3 19,4 2020 33,7 19,8 Oil transportation, mn tons Gas transportation, bcm 2002 30,3 110,8 2010 65,8 99,4 2015 66,5 127,2 2020 69,5 163,7 Without taking CPC into account Investment programme KazMunayGas is planning to implement an extensive investment programme: • the amount of capital expenditures will amount to about 20 bn USD by 2015 • around 9.5 bn USD will be required for refinancing the existing loans • the additional debt financing requirement will amount to about 8 bn USD by up to 2016. The role of KazMunayGas and the scale of its investment create a number of opportunities for mutually beneficial cooperation with investors and financial institutions. The basic tools for attracting finance for the company are bank loans and issue of Eurobonds. Currently, the amount of Eurobonds issue is 7.25 bn USD. 13
  • Thank you for attention! JSC “National Company “KazMunayGas” 19, Kabanbay batyr Ave., 010000, Astana, Republic of Kazakhstan tel.: +7 (7172) 97-61-01, fax: +7 (7172) 97-60-00, 97-60-01 e-mail: Astana@kmg.kz http://www.kmg.kz 14