Overview:

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Brazil. It details the market structure, regulatory environment, infrastructure and provides historical and forecast statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, LNG terminals, pipelines and underground gas storage terminals) in Brazil. The report also analyses the fiscal regime relevant to the natural gas assets in Brazil and compares the investment environment in Brazil with other countries in the region. The profiles of the major companies operating in the natural gas sector in Brazil together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.

• Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage terminals in Brazil for the period 2000-2013.

• Operator and equity details for major natural gas assets in Brazil.

• Key information relating to market regulations, key energy assets and the key companies operating in the Brazil’s energy industry.

• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.

• Information on the top companies in the Brazil including business description, strategic analysis, and financial information.

• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.

• Facilitate market analysis and forecasting of future industry trends.

• Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.

• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.

• Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.

• Assess your competitor’s major natural gas assets and their performance.

• Analyze the latest news and financial deals in the gas sector of each country.

• Develop strategies based on the latest operational, financial, and regulatory events.

• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.

• Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned

Petroleo Brasileiro S.A.
Royal Dutch Shell plc
Repsol YPF, S.A.

1 Table Of Contents

1.1 List of Tables

1.2 List of Figures
 

2 Brazil Energy Sector

2.1 Brazil Energy Sector, Market Overview

2.2 Brazil Energy Sector, Natural Gas

2.2.1 Brazil Natural Gas, Overview

2.2.2 Brazil Natural Gas, Supply and Demand Balance

2.2.3 Brazil Natural Gas Regulatory Structure

2.2.4 Brazil Natural Gas, Infrastructure
 

3 Brazil, Fiscal System

3.1 Brazil Petroleum Fiscal Environment

3.1.1 Governing Law

3.1.2 Licensing Authority

3.1.3 State Participation

3.1.4 National Oil Company

3.1.5 Contract Type

3.2 License Terms

3.2.1 Exploration License (EL) Duration

3.2.2 Relinquishment during Exploration

3.2.3 Exploration obligation

3.2.4 Production Rights, Area & Duration

3.3 Key Offshore Fiscal Terms

3.3.1 Royalty

3.3.2 Bonuses

3.3.3 Petroleum Resource Rentals

3.3.4 Special Participation:

3.3.5 Taxation

3.3.6 Deductions and Depreciation

3.4 Key Onshore Fiscal Terms

3.4.1 Royalty

3.4.2 Bonuses

3.4.3 Rentals

3.4.4 Special Participation:

3.4.5 Taxation

3.4.6 Deductions and Depreciation

3.5 Brazil - Offshore, Fiscal System - Economic Modeling Methodology

3.5.1 Economic Modeling Methodology

3.6 Brazil - Onshore, Fiscal System - Economic Modeling Methodology

3.6.1 Economic Modeling Methodology

3.7 Brazil - Offshore, Fiscal System - Sample Economics

3.8 Brazil - Onshore, Fiscal System - Sample Economics

3.9 Brazil - Offshore, Fiscal System - Sample Asset Valuation

3.10 Brazil - Onshore, Fiscal System - Sample Asset Valuation
 

4 Brazil Gas Upstream Investment Environment Benchmarking

4.1 Introduction

4.2 The Overall Ranking

4.3 Upstream Fiscal Attractiveness

4.3.1 Maximum Government Take Index

4.3.2 Maximum State Participation Index

4.3.3 Domestic Market Obligation Index

4.4 Gas Sector Performance

4.4.1 Exploration Activity

4.4.2 Gas Production

4.4.3 Gas Reserves

4.4.4 Gas Consumption

4.5 Economic Performance

4.5.1 GDP Growth Index

4.5.2 FDI Confidence Index

4.5.3 Balance of Trade Index

4.6 Socio-Political Performance

4.6.1 Democracy Index

4.6.2 Governance Index
 

5 Brazil Exploration and Production Sector

5.1 Brazil Exploration and Production Sector, Country Snapshot

5.1.1 Brazil Exploration and Production Sector, Key Data

5.1.2 Brazil Exploration and Production Sector, Natural Gas Assets Map

5.2 Brazil Exploration and Production Sector, Marketed Natural Gas Production

5.2.1 Brazil Exploration and Production Sector, Marketed Natural Gas-Historical Production

5.2.2 Brazil Exploration and Production Sector, Marketed Natural Gas Production by Assets

5.2.3 Brazil Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company

5.2.4 Brazil Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production

5.3 Brazil Exploration and Production Sector, Marketed Natural Gas Forecasts

5.3.1 Brazil Exploration and Production Sector, Marketed Natural Gas Forecasted Production

5.3.2 Brazil Exploration and Production Sector, Gross Revenue Forecast

5.3.3 Brazil Exploration and Production Sector, Government Take Forecast

5.3.4 Brazil Exploration and Production Sector, Contractor Take Forecast

5.4 Brazil Exploration And Production Sector, Natural Gas Asset Details

5.4.1 Brazil Exploration And Production Sector, Active Natural Gas Asset Details

5.4.2 Brazil Exploration And Production Sector, Planned Natural Gas Asset Details

5.5 Brazil, Major Natural Gas Discoveries, 2004-2009

5.5.1 Brazil, Natural Gas Discoveries by Year, 2004-2009

5.5.2 Brazil, Natural Gas Discovery Details, 2004-2009

5.6 Brazil Exploration and Production Sector, Recent Discoveries

5.6.1 Apr 12, 2010: OGX Announces Presence Of Hydrocarbons In Eocene Section Of OGX-9DB Well, Brazil

5.6.2 Apr 08, 2010: OGX Announces Presence Of Hydrocarbons In Aptian Section Of OGX-7A Well, Brazil

5.6.3 Apr 07, 2010: Petrobras' New Well Confirms Potential Tupi Oil Reserves

5.6.4 Apr 05, 2010: OGX Announces Presence Of Hydrocarbons In OGX-7A And OGX-10 Wells At Campos Basin, Brazil

5.6.5 Mar 31, 2010: OGX Announces Presence Of Hydrocarbons In Aptian Section Of 1-OGX-8-RJS Well, Brazil

5.7 Brazil Exploration and Production Sector, Drilling and Production Updates

5.7.1 Apr 22, 2010: Petrobras Crude Oil Output Up 0.3% In March 2010

5.7.2 Apr 22, 2010: OVL Produces 8.870 MMT Of Oil And Oil Equivalent Gas In 2009-10

5.7.3 Apr 12, 2010: Petrobras To Drill 15 Wells At Tupi Field By 2010

5.7.4 Apr 12, 2010: Petro Vista Energy Announces Successful Development Well In Brazil

5.7.5 Apr 09, 2010: Norse Energy Provides Q1 2010 Production Update
 

6 Brazil FPSO Sector

6.1 Brazil FPSO Industry, FPSO Capacity Details by Vessel

6.2 Brazil FPSO Industry, FPSO Vessel Specifications
 

7 Brazil Pipeline Sector

7.1 Brazil Pipeline Sector, Key Data

7.2 Brazil Pipeline Sector, An Overview

7.3 Brazil Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies

7.4 Brazil Pipeline Sector, Natural Gas Pipelines
 

8 Brazil LNG Sector

8.1 Brazil LNG Sector, Key Data

8.2 Brazil LNG Sector, Liquefaction

8.2.1 Brazil LNG Sector, Liquefaction, Total Liquefaction Capacity

8.2.2 Brazil LNG Gas Sector, Liquefaction, Capacity-wise Market Share By Company

8.2.3 Brazil LNG Sector, Liquefaction, Liquefaction Capacity by Terminal

8.2.4 Contracted vs Non-Contracted Liquefaction Capacity in Brazil, 2000-2015

8.3 Brazil LNG Sector, Regasification

8.3.1 Brazil LNG Sector, Regasification, Total Regasification Capacity

8.3.2 Brazil LNG Gas Sector, Regasification, Capacity- Wise (Bcf) Market Share By Company

8.3.3 Brazil LNG Sector, Regasification, Regasification Capacity by Terminal
 

9 Profile of Petroleo Brasileiro S.A.

9.1 Petroleo Brasileiro S.A., Key Information

9.2 Petroleo Brasileiro S.A., Company Overview

9.3 Petroleo Brasileiro S.A., Business Description

9.3.1 Business Overview

9.3.2 Distribution

9.3.3 Exploration and Production

9.3.4 Gas and Energy

9.3.5 International

9.3.6 Supply

9.4 Petroleo Brasileiro S.A., SWOT Analysis

9.4.1 Overview

9.4.2 Petroleo Brasileiro S.A. Strengths

9.4.3 Petroleo Brasileiro S.A. Weaknesses

9.4.4 Petroleo Brasileiro S.A. Opportunities

9.4.5 Petroleo Brasileiro S.A. Threats
 

10 Profile of Royal Dutch Shell plc

10.1 Royal Dutch Shell plc, Key Information

10.2 Royal Dutch Shell plc, Company Overview

10.3 Royal Dutch Shell plc, Business Description

10.3.1 Business Overview

10.3.2 Corporate

10.3.3 Downstream

10.3.4 Upstream

10.4 Royal Dutch Shell plc, SWOT Analysis

10.4.1 Overview

10.4.2 Royal Dutch Shell plc - Strengths

10.4.3 Royal Dutch Shell plc - Weaknesses

10.4.4 Royal Dutch Shell plc - Opportunities

10.4.5 Royal Dutch Shell plc - Threats
 

11 Profile of Repsol YPF, S.A.

11.1 Repsol YPF, S.A., Key Information

11.2 Repsol YPF, S.A., Company Overview

11.3 Repsol YPF, S.A., Business Description

11.3.1 Business Overview

11.3.2 Downstream

11.3.3 Gas Natural SDG

11.3.4 LNG

11.3.5 Upstream

11.3.6 YPF

11.4 Repsol YPF, S.A., SWOT Analysis

11.4.1 Overview

11.4.2 Repsol YPF, S.A. Strengths

11.4.3 Repsol YPF, S.A. Weaknesses

11.4.4 Repsol YPF, S.A. Opportunities

11.4.5 Repsol YPF, S.A. Threats
 

12 Financial Deals Landscape

12.1 Detailed Deal Summary

12.1.1 Acquisition

12.1.2 Private Equity

12.1.3 Equity Offerings

12.1.4 Debt Offerings

12.1.5 Partnerships

12.1.6 Asset Transactions
 

13 Recent Developments

13.1 License Rounds

13.1.1 Oct 27, 2009: Brazil To Launch New Bidding Round In April 2010 Or May 2010

13.2 License Awards

13.2.1 Sep 25, 2009: Brazil's ANP Grants Extensions For 19 Concession Blocks To Petrobras

13.3 Strategy and Business Expansion

13.3.1 Apr 15, 2010: Petrobras Signs Strategic Cooperation Agreement With Sinopec And CDB

13.3.2 Jan 20, 2010: Sonangol To Infuse $1 Billion In Brazil In 2010

13.3.3 Dec 21, 2009: Petrobras, Halliburton Sign Technological Cooperation Agreement

13.3.4 Nov 16, 2009: Repsol May Look For Partner To Develop Brazilian Discoveries

13.4 Other Significant Developments

13.4.1 Apr 14, 2010: Petrobras Provides Drilling Update

13.4.2 Apr 07, 2010: Sinopec Lays 1,377km GASENE Gas Pipeline In Brazil

13.4.3 Mar 29, 2010: Petrobras Provides Investment Update

13.4.4 Mar 26, 2010: Petrobras Inaugurates Gasene Pipeline In Brazil

13.4.5 Mar 22, 2010: Petrobras Begins EWT For Tiro e Sídon Areas In Santos Basin, Brazil

13.5 New Contracts Announcements

13.5.1 Dec 21, 2009: Technip Receives FEED Contract For Proposed Floating LNG Unit in Brazil
 

14 Appendix

14.1 Methodology

14.1.1 Coverage

14.1.2 Secondary Research

14.1.3 Primary Research

14.1.4 E&P Forecasts

14.1.5 Midstream Forecasts

14.1.6 Expert Panel Validation

14.2 Contact Us

14.3 About GlobalData

14.4 Disclaimer
 

1.1 List of Tables
Table 1: Brazil, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020

Table 2: Brazil, Historical and Forecasted Import of Natural Gas, 1996-2020

Table 3: Brazil, Historical Reserves of Natural Gas, Billion Cubic Feet, 1996-2010

Table 4: Brazil - Offshore, License Rental Rates, 2010

Table 5: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) in First Year, 2010

Table 6: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) in Second Year, 2010

Table 7: Brazil - Offshore (More than 400 meters) , Special Participation (In Reais) in Third Year, 2010

Table 8: Brazil - Offshore (More than 400 meters), Special Participation (In Reais) After Third Year, 2010

Table 9: Brazil - Offshore (Less than equal to 400 metres), Special Participation (In Reais) in First Year, 2010

Table 10: Brazil - Offshore (Less than equal to 400 meters), Special Participation (In Reais) in Second Year, 2010

Table 11: Brazil - Offshore (Less than equal to 400 meters), Special Participation (In Reais) in Third Year, 2010

Table 12: Brazil - Offshore (Less than equal to 400 meters), Special Participation (In Reais) After Third Year, 2010

Table 13: Brazil - Offshore, Depreciation Rate in Oil And Gas Industry, 2010

Table 14: Brazil - Onshore, License Rental Rates, 2010

Table 15: Brazil - Onshore, Special Participation (In Reais) in First Year, 2010

Table 16: Brazil - Onshore, Special Participation (In Reais) in Second Year, 2010

Table 17: Brazil - Onshore, Special Participation (In Reais) in Third Year, 2010

Table 18: Brazil - Onshore, Special Participation (In Reais) After Third Year, 2010

Table 19: Brazil - Onshore, Depreciation Rate in Oil And Gas Industry, 2010

Table 20: Brazil - Offshore (More than 400 meters), Base Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2010

Table 21: Brazil - Onshore, Base Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2010

Table 22: South and Central America, Investment Benchmarking, Overall Country Rankings, April 2010

Table 23: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2010

Table 24: South and Central America, Investment Benchmarking, Gas Sector Performance, April 2010

Table 25: South and Central America, Investment Benchmarking, Economic Performance, April 2010

Table 26: South and Central America, Country Standings, Economic Performance, April 2010

Table 27: South and Central America, Investment Benchmarking, Socio-Political Performance, April 2010

Table 28: South and Central America, Country Standings, Socio-Political Performance, April 2010

Table 29: Brazil, Natural Gas Key Statistics, 2010

Table 30: Brazil, Total Marketed Natural Gas Production (MMcf), 2002- 2010

Table 31: Brazil, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2010

Table 32: Brazil, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002- 2010

Table 33: Brazil, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2010

Table 34: Brazil, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015

Table 35: Brazil, Forecasted Major Assets-wise Gross Revenue(000'$), 2010-2015

Table 36: Brazil, Projected Major Assets-wise Total Government Take(000'$), 2010-2015

Table 37: Brazil, Projected Major Assets-wise Total Contractor Take(000’$), 2010-2015

Table 38: Brazil, Active Major Gas Field Asset Details

Table 39: Brazil, Planned Gas Field Asset Details

Table 40: Brazil, Number of Gas Discoveries, 2004-2010

Table 41: Brazil, Natural Gas Discovery Details, 2004-2009 (Part - 1)

Table 42: Brazil, Natural Gas Discovery Details, 2004-2009 (Part - 2)

Table 43: Brazil FPSO Industry, FPSO Oil and Gas Production Capacities, 2010

Table 44: Brazil FPSO Industry, FPSO Vessel Specifications, 2010

Table 45: Brazil, Pipeline Key Statistics, 2010

Table 46: Brazil, Natural Gas Pipeline Length By Company (Km), 2010

Table 47: Brazil, Natural Gas Pipelines, 2009 (Part - 1)

Table 48: Brazil, Natural Gas Pipelines, 2009 (Part - 2)

Table 49: Brazil, Natural Gas Pipelines, 2009 (Part - 3)

Table 50: Brazil, LNG Key Statistics, 2010

Table 51: Brazil, Total Liquefaction Capacity (Million Tonnes), 2000-2015

Table 52: Brazil, Liquefaction Capacity by Company (Million Tonnes), 2000-2015

Table 53: Brazil, Liquefaction Capacity (Million Tonnes), 2000-2015

Table 54: Contracted vs Non-Contracted Liquefaction Capacity in Brazil (Million Tonnes), 2000-2015

Table 55: Brazil LNG Sector, Regasification Capacity (Bcf), 2000-2015

Table 56: Brazil, Regasification Capacity by Company (Bcf), 2000-2015

Table 57: Brazil Regasification Capacity (Bcf), 2000-2015

Table 58: Petroleo Brasileiro S.A., Key Facts

Table 59: Petroleo Brasileiro S.A., SWOT Analysis

Table 60: Royal Dutch Shell plc, Key Facts

Table 61: Royal Dutch Shell plc, SWOT Analysis

Table 62: Repsol YPF, S.A., Key Facts

Table 63: Repsol YPF, S.A., SWOT Analysis

Table 64: Petroleo Brasileiro To Acquire Marlim Participacoes

Table 65: Blackhawk Resource Enters Into Agreement To Sell Its Interest In RMC Exploracao Petrolifera

Table 66: Norse Energy Sells 30% Of Shares In Norse Energy do Brasil To Sector Omega

Table 67: Petroleo Brasileiro Plans For Public Offering

Table 68: Petrobras Completes 5.75% Bond Offering For $2.5 Billion

Table 69: Petrobras Completes 6.87% Bond Offering For $1.5 Billion

Table 70: Petrobras Issues 7.875% Global Notes Due March 15, 2019 For $1.25 Billion

Table 71: BG Group Signs Joint Venture Agreement With Petrobras

Table 72: OGX Forms Joint Venture With MPX Energia

Table 73: BP To Acquire Oil Assets From Devon Energy

Table 74: Petroleo Brasileiro To Acquire 30% Interest In Block BM-C-33 Campos Basin From Repsol YPF And Statoil

Table 75: INPEX Received An Approval To Acquire Block BM-ES- 23 From Shell Brasil

Table 76: Statoil Plans To Sell 40% Interest In Peregrino Field In Brazil

Table 77: BP Plans To Acquire Oil Fields In Brazil From Repsol YPF

Table 78: Petro Vista Energy Acquires 37.5% Working Interest In Tartaruga Block

Table 79: OGX Acquires 70% Working Interest In Seven Blocks In The Parnaíba Basin From Petra Energia

Table 80: Petroleo Brasileiro To Sell 25% Interest In The Blocks ES-M 466, ES-M-468 And ES-M-527 To Vale

Table 81: OGX Petroleo e Gas Participacoes Acquires Additional 15% Stake In BM-S-29 Block
 

1.2 List of Figures

Figure 1: Brazil, Energy Sector Split by Fuel Type, 2009

Figure 2: Brazil, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020

Figure 3: Brazil, Natural Gas Imports, Billion Cubic Feet, 1996-2020

Figure 4: Brazil, Natural Gas Reserves, Billion Cubic Feet, 1996-2009

Figure 5: Brazil - Offshore , Full Field Economics, Sample Cash Flows, 1969-2030

Figure 6: Brazil - Onshore, Full Field Economics, Sample Cash Flows, 1969-2030

Figure 7: Brazil - Offshore (More than 400 meters), Full Field Economics, Government and Contractor Takes

Figure 8: Brazil - Offshore (More than 400 meters), Full Field Economics, Post Tax Cash Flow vs. Gross Revenue

Figure 9: Brazil - Onshore, Full Field Economics, Government and Contractor Takes

Figure 10: Brazil - Onshore, Full Field Economics, Post Tax Cash Flow vs Gross Revenue

Figure 11: Brazil - Offshore (More than 400 meters), Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates

Figure 12: Brazil - Onshore, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates

Figure 13: South and Central America, Country Standings, Upstream Fiscal Attractiveness, April 2010

Figure 14: South and Central America, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, April 2010

Figure 15: South and Central America, Country Standings, Gas Sector Performance, by Production & Consumption, April 2010

Figure 16: South and Central America, Country Standings, Exploration Blocks Awarded, April 2010

Figure 17: South and Central America, Country Standings, Economic Performance, April 2010

Figure 18: South and Central America, Country Standings, Socio-Political Performance, April 2010

Figure 19: Brazil, Natural Gas Assets Map, 2009

Figure 20: Brazil, Total Marketed Natural Gas Production (MMcf), 2002- 2009

Figure 21: Brazil, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009

Figure 22: Brazil, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009

Figure 23: Brazil, Number of Gas Discoveries, 2004- 2009

Figure 24: Brazil, Natural Gas Pipeline Length By Company (Km), 2009

Figure 25: Brazil, Total Liquefaction Capacity (Million Tonnes), 2000-2015

Figure 26: Brazil, Liquefaction Capacity by Company (Million Tonnes), 2000-2015

Figure 27: Brazil Regasification Capacity (Bcf), 2000-2015

Figure 28: Brazil, Regasification Capacity by Company (Bcf), 2000-2015

Figure 29: GlobalData Methodology