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Energy and Environment Innovation Systems

Energy and Environment Innovation Systems. BRICS Conference Rio -Brazil April 25/26/27, 2007. Hydrocarbons Challenges and Opportunities. Adilson de Oliveira Professor Instituto de Economia Universidade Federal do Rio de Janeiro. Agenda. Cooperation: the opportunity

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Energy and Environment Innovation Systems

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  1. Energy and Environment Innovation Systems BRICS Conference Rio -Brazil April 25/26/27, 2007 adilson@ie.ufrj.br

  2. HydrocarbonsChallenges and Opportunities Adilson de Oliveira Professor Instituto de Economia Universidade Federal do Rio de Janeiro adilson@ie.ufrj.br

  3. Agenda • Cooperation: the opportunity • Off-Shore: the challenge adilson@ie.ufrj.br

  4. adilson@ie.ufrj.br

  5. adilson@ie.ufrj.br

  6. The OECD will be increasingly dependent on imports of hydrocarbons from the Middle East • And the BRICS? adilson@ie.ufrj.br

  7. Oil Balance Million Barrels per day adilson@ie.ufrj.br

  8. Natural Gas Balance Trillion Cubic Feet adilson@ie.ufrj.br

  9. Deep off-shore • The next frontier • The opportunity adilson@ie.ufrj.br

  10. The Off-Shore Challenge Source: Petrobras adilson@ie.ufrj.br

  11. Brazil • 1974: First off-shore discovery • 1981: giant fields (300m to 2100m) • High complexity, high risk; high premium • Petrobras decided to take the risk adilson@ie.ufrj.br

  12. Geological Strategy • Develop domestic capabilities • Training • 1300 geologists • 10,000 engineers • Learning by doing • New models for turbidite formations • Understanding the Brazilian plataform adilson@ie.ufrj.br

  13. Technological Strategy • Incremental innovation (until 1984) • 1960/1980: acquisition and assimilation of technologies • 1980/1990: adaptations and absorption of design • 1990/2000: joint R&D; knowledge production • 2000: joint R&D; technology exchange; specialized knowledge production adilson@ie.ufrj.br

  14. Technological Strategy Source: Petrobras adilson@ie.ufrj.br

  15. Technological Strategy • Radical innovation • Procap 1000 • Procap 2000 • CENPES plataform design : 30% cost reduction • 1992: Distinghished Achievement Award (OTC) adilson@ie.ufrj.br

  16. Oilfields Discovered(SoutheasternBasins) Source: Petrobras adilson@ie.ufrj.br

  17. Technologies • Wet christmas tree (200m) • Flexible risers • Robotics (over 300m) • New anchors (plastics) • New technologies for liquid flow • Horizontal hole • Drilling mud • Resistance of drillling equipment • Conversion of ships • Automation of plataforsms adilson@ie.ufrj.br

  18. Financial Strategy • Antecipate cash flow • Early production systems (Sedco-Hamilton) • Drilling equipment removed • Replaced by small processing plant • From 1977 to 1984: 17 EPS adilson@ie.ufrj.br

  19. Recent Exploration Investments Source: Petrobras adilson@ie.ufrj.br

  20. Reserves (oil and gas) Source: Petrobras adilson@ie.ufrj.br

  21. Production Targets Source: Petrobras adilson@ie.ufrj.br

  22. CONCLUSION • BRICS • Can have a joint strategy to achieve security of energy supply • Technological cooperation for the development of deep-off-shore is critical • The National Oil ompanies have a key role in this process adilson@ie.ufrj.br

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