Brazil Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020

Table of Contents

1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 12
2 Brazil Energy Sector 13
2.1 Brazil Energy Sector, Market Overview 13
2.2 Brazil Energy Sector, Crude Oil 14
2.2.1 Brazil Crude Oil, Overview 14
2.2.2 Brazil Crude Oil, Supply and Demand Balance 14
2.2.3 Brazil Crude Oil Regulatory Structure 20
2.2.4 Brazil Crude Oil, Infrastructure 21
3 Brazil Petroleum Fiscal Regime 22
3.1 Brazil Petroleum Fiscal Environment 22
3.2 License Terms 22
3.3 Key Fiscal Terms 23
3.4 Sample Cashflows Calculations 30
4 Brazil Oil Upstream Investment Environment Benchmarking 31
4.1 Introduction 31
4.2 The Overall Ranking 31
4.3 Upstream Fiscal Attractiveness 32
4.3.1 Maximum Government Take Index 33
4.3.2 Maximum State Participation Index 33
4.3.3 Domestic Market Obligation Index 34
4.4 Oil Sector Performance 34
4.4.1 Exploration Activity 36
4.4.2 Oil Production 37
4.4.3 Oil Reserves 37
4.4.4 Oil Consumption 38
4.4.5 Refining Industry 38
4.5 Economic Performance 38
4.5.1 GDP Growth Index 40
4.5.2 FDI Confidence Index 40
4.5.3 Balance of Trade Index 41
4.6 Socio-Political Performance 41
4.6.1 Democracy Index 43
4.6.2 Governance Index 43
5 Brazil Exploration and Production Sector 44
5.1 Brazil Exploration and Production Sector, Country Snapshot 44
5.1.1 Brazil Exploration and Production Sector, Key Data 44
5.1.2 Brazil Exploration and Production Sector, Crude Oil Assets Map 44
5.2 Brazil Exploration and Production Sector, Gross Crude Oil Production 45
5.2.1 Brazil Exploration and Production Sector, Gross Crude Oil-Historical Production 45
5.2.2 Brazil Exploration and Production Sector, Gross Crude Oil Production by Assets 46
5.2.3 Brazil Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 46
5.2.4 Brazil Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 47
5.3 Brazil Exploration and Production Sector, Gross Crude Oil Forecasts 48
5.3.1 Brazil Exploration and Production Sector, Gross Crude Oil Forecasted Production 48
5.3.2 Brazil Exploration and Production Sector, Gross Revenue Forecast 49
5.3.3 Brazil Exploration and Production Sector, Government Take Forecast 49
5.3.4 Brazil Exploration and Production Sector, Contractor Take Forecast 50
5.4 Brazil Exploration And Production Sector, Crude Oil Asset Details 51
5.4.1 Brazil Exploration And Production Sector, Active Crude Oil Asset Details 51
5.4.2 Brazil Exploration And Production Sector, Planned Crude Oil Asset Details 52
6 Brazil Pipeline Sector 53
6.1 Brazil Pipeline Sector, Key Data 53
6.2 Brazil Pipeline Sector, An Overview 53
6.3 Brazil Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 53
6.4 Brazil Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 54
6.5 Brazil Pipeline Sector, Crude Oil Pipelines 54
6.6 Brazil Pipeline Sector, Petroleum Products Pipelines 55
7 Brazil Refining Sector 58
7.1 Brazil Refining Sector, Key Data 58
7.2 Brazil Refining Sector, An Overview 58
7.2.1 Brazil Refining Sector, Total Refining Capacity 58
7.3 Brazil Refining Sector, Capacity- Wise Market Share by Company 59
7.4 Brazil Refining Sector, Crude Distillation Unit Capacity 61
7.5 Refining Industry In Brazil, Coking Capacity 62
7.6 Refining Industry In Brazil, Fluid Catalytic Cracking Capacity 63
7.7 Refining Industry In Brazil, Hydrocracking Capacity 63
8 Brazil Oil and Chemicals Storage Sector 64
8.1 Brazil Oil and Chemicals Storage Sector, Key Data 64
8.2 Brazil Oil and Chemicals Storage Sector, An Overview 64
8.2.1 Brazil Oil and Chemicals Storage Sector, Total Storage Capacity 64
8.3 Brazil Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 66
8.4 Brazil Oil and Chemicals Storage Sector, Storage Capacity 67
9 Profile Of Petroleo Brasileiro S.A. 72
9.1 Petroleo Brasileiro S.A., Key Information 72
9.2 Petroleo Brasileiro S.A., Company Overview 72
9.3 Petroleo Brasileiro S.A., Business Description 72
9.3.1 Petroleo Brasileiro S.A., Business Description, Business Overview 72
9.3.2 Petroleo Brasileiro S.A., Business Description, Distribution 72
9.3.3 Petroleo Brasileiro S.A., Business Description, Exploration and Production 73
9.3.4 Petroleo Brasileiro S.A., Business Description, Gas and Energy 75
9.3.5 Petroleo Brasileiro S.A., Business Description, International 76
9.3.6 Petroleo Brasileiro S.A., Business Description, Supply 77
9.4 Petroleo Brasileiro S.A., Value Chain Analysis 79
9.4.1 Petroleo Brasileiro S.A., Value Chain Analysis, Upstream 79
9.4.2 Petroleo Brasileiro S.A., Value Chain Analysis, Midstream 80
9.4.3 Petroleo Brasileiro S.A., Value Chain Analysis, Downstream 81
9.4.4 Petroleo Brasileiro S.A., Value Chain Analysis, Retail 82
9.5 Petroleo Brasileiro S.A., SWOT Analysis 82
9.5.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 82
9.5.2 Petroleo Brasileiro S.A., SWOT Analysis, Strengths 83
9.5.3 Petroleo Brasileiro S.A., SWOT Analysis, Weaknesses 84
9.5.4 Petroleo Brasileiro S.A., SWOT Analysis, Opportunities 85
9.5.5 Petroleo Brasileiro S.A., SWOT Analysis, Threats 85
9.6 Petroleo Brasileiro S.A., Revenue Analysis 86
9.6.1 Petroleo Brasileiro S.A., Revenue by Segment 86
9.6.2 Petroleo Brasileiro S.A., Revenue by Geography 87
9.7 Petroleo Brasileiro S.A., Financial and Operational Review 88
9.7.1 Financial Statements 88
9.7.2 Financial Ratios 89
10 Profile of Royal Dutch Shell Plc 90
10.1 Royal Dutch Shell Plc, Key Information 90
10.2 Royal Dutch Shell Plc, Company Overview 90
10.3 Royal Dutch Shell Plc, Business Description 90
10.3.1 Royal Dutch Shell Plc, Business Description, Overview 90
10.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 91
10.3.3 Royal Dutch Shell Plc, Business Description, Corporate and Others 92
10.3.4 Royal Dutch Shell Plc, Business Description, Exploration and Production 92
10.3.5 Royal Dutch Shell Plc, Business Description, Gas and Power 94
10.3.6 Royal Dutch Shell Plc, Business Description, Oil Products 96
10.3.7 Royal Dutch Shell Plc, Business Description, Oil Sands 97
10.4 Royal Dutch Shell Plc, Value Chain Analysis 99
10.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 99
10.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 100
10.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 101
10.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 101
10.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 102
10.5 Royal Dutch Shell Plc, SWOT Analysis 103
10.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 103
10.5.2 Royal Dutch Shell Plc, SWOT Analysis, Strengths 103
10.5.3 Royal Dutch Shell Plc, SWOT Analysis, Weaknesses 104
10.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities 105
10.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 106
10.6 Royal Dutch Shell Plc, Revenue Analysis 107
10.6.1 Royal Dutch Shell Plc, Revenue by Segment 107
10.6.2 Royal Dutch Shell Plc, Revenue by Geography 108
10.7 Royal Dutch Shell plc, Financial and Operational Review 109
10.7.1 Financial Statements 109
10.7.2 Financial Ratios 110
11 Profile of Repsol YPF, S.A 111
11.1 Repsol YPF, S.A, Key Information 111
11.2 Repsol YPF, S.A, Company Overview 111
11.3 Repsol YPF, S.A, Business Description 111
11.3.1 Repsol YPF, S.A, Business Description, Business Overview 111
11.3.2 Repsol YPF, S.A, Business Description, Chemicals Segment 112
11.3.3 Repsol YPF, S.A, Business Description, Exploration and Production Segment 113
11.3.4 Repsol YPF, S.A, Business Description, Gas and Power Segment 114
11.3.5 Repsol YPF, S.A, Business Description, Refining and Marketing Segment 115
11.4 Repsol YPF, S.A, Value Chain Analysis 118
11.4.1 Repsol YPF, S.A, Value Chain Analysis, Upstream 118
11.4.2 Repsol YPF, S.A, Value Chain Analysis, Midstream 119
11.4.3 Repsol YPF, S.A, Value Chain Analysis, Downstream 120
11.4.4 Repsol YPF, S.A, Value Chain Analysis, Retail 120
11.5 Repsol YPF, S.A, SWOT Analysis 121
11.5.1 Repsol YPF, S.A, SWOT Analysis, Overview 121
11.5.2 Repsol YPF, S.A, SWOT Analysis, Strengths 122
11.5.3 Repsol YPF, S.A, SWOT Analysis, Weaknesses 123
11.5.4 Repsol YPF, S.A, SWOT Analysis, Opportunities 123
11.5.5 Repsol YPF, S.A, SWOT Analysis, Threats 125
11.6 Repsol YPF, S.A, Revenue Analysis 126
11.6.1 Repsol YPF, S.A, Revenue by Segment 126
11.6.2 Repsol YPF, S.A, Revenue by Geography 127
11.7 Repsol YPF, S.A, Financial and Operational Review 128
11.7.1 Financial Statements 128
11.7.2 Financial Ratios 129
12 Financial Deals Landscape 130
12.1 Detailed Deal Summary 130
12.1.1 Acquisition 130
12.1.2 Equity Offerings 133
12.1.3 Partnerships 134
12.1.4 Asset Transactions 138
13 Recent Developments 151
13.1 License Rounds 151
13.1.1 Apr 03, 2009: Brazil' s ANP To Hold 11th Oil Concession Round In 2009 151
13.1.2 Mar 27, 2009: ANP To Offer Offshore Areas For 11th Oil And Gas Licensing Round 151
13.2 Strategy and Business Expansion 152
13.2.1 Mar 18, 2009: Petrobras To Construct LNG Import Terminal In Brazil 152
13.3 Recent Discoveries 153
13.3.1 May 18, 2009: Petrobras Finds Oil At 4BRSA708SPS Well In BM-S-3 Block In Brazil' s Santos Basin 153
13.3.2 May 11, 2009: Petrobras Finds Oil At 1BRSA718ES Well In Espirito Santo Basin, Brazil 153
13.3.3 May 06, 2009: Petrobras Announces Discovery At ES-T-364 Block In Espirito Santo Basin, Brazil 154
13.3.4 Apr 30, 2009: Petrobras Reports Oil Find At ES-T-372 Inland Block In Santo Basin To ANP 154
13.3.5 Apr 28, 2009: Galp Energia Announces Oil Discovery At POT-T-521 Onshore Block In Potiguar Basin, Brazil 155
13.3.6 Apr 16, 2009: Petrobras Finds Traces Of Oil In 1BRSA682ESS Well At Brazil’s Espirito Santo Basin 155
13.3.7 Apr 14, 2009: Petrobras Announces Oil Discovery At BM-S-9 At Santos Basin, Brazil 155
13.3.8 Apr 08, 2009: BG Group Encounters Hydrocarbons At Corcovado-1 Well In Santos Basin, Offshore Brazil 156
13.3.9 Mar 30, 2009: Starfish Oil & Gas Finds Oil Traces In 1STAR11RN Well At Potiguar Basin, Brazil 156
13.4 Drilling and Production Updates 157
13.4.1 May 20, 2009: Petrobras' Brazil Oil Production Rises By 7.2% In April 2009 157
13.4.2 May 20, 2009: Shell To Begin Production At Parque das Conchas Project In August 2009 158
13.4.3 May 15, 2009: Petrobras Updates On Tupi Well In Santos Basin, Brazil 158
13.4.4 May 01, 2009: BG Group Commences Production From BM-S-11 Concession In Santos Basin, Brazil 159
13.4.5 Apr 30, 2009: Petrobras To Commence Production From Tupi Field In Santos Basin, Brazil 159
13.4.6 Apr 24, 2009: Petrobras Updates On Oil And Gas Production In Brazil 159
13.4.7 Apr 16, 2009: Petrobras To Pump First Oil From Its Tupi Field On May 1, 2009 160
13.4.8 Mar 30, 2009: Chevron Expects Peak Production From Frade Field At Campos Basin In Brazil By 2011 161
13.5 Financial Announcements 161
13.5.1 May 13, 2009: OGX Reports Net Profit Of BRL147.6 Million In Q1 2009 161
13.5.2 May 11, 2009: Petrobras Q1 2009 Net Profit Down 20% 162
13.6 Other Significant Developments 165
13.6.1 May 19, 2009: Petrobras Signs Funding Agreement Worth $10 Billion With CDB 165
13.6.2 May 14, 2009: Petrobras Clarifies Pre-Salt Block Issues 165
13.6.3 May 13, 2009: ANP Denies Petrobras' Santos Basin Blocks Extension 166
13.6.4 May 05, 2009: Chevron To Drill Wells In Subsalt Region Of Brazil 166
13.6.5 Apr 27, 2009: Petrobras To Conduct Tests At Offshore Tupi Field In Santos Basin, Brazil 167
13.6.6 Apr 22, 2009: OGX Announces Changes In Senior Management 168
13.6.7 Apr 16, 2009: Petrobras Looks For New Rigs, Advances On Its Five-Year Investment Plan 169
13.6.8 Mar 27, 2009: Chevron Says Frade Field At Campos Basin In Brazil To Produce 90,000 Bod In 2011 170
13.6.9 Mar 23, 2009: ANP To Accelerate Process For Oil And Gas Exploration Block Concessions 171
14 Appendix 172
14.1 Methodology 172
14.1.1 Coverage 173
14.1.2 Secondary Research 174
14.1.3 Primary Research 174
14.1.4 E&P Forecasts 174
14.1.5 Midstream Forecasts 176
14.1.6 Expert Panel Validation 176
14.2 Contact Us 176
14.3 About GlobalData 176
14.4 Disclaimer 177

1.1 List of Tables
Table 1: Brazil, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 15
Table 2: Brazil, Historical and Forecasted Imports and Exports of Crude Oil, 1996-2020 17
Table 3: Brazil, Historical Reserves of Crude Oil, 1996-2008 19
Table 4: Brazil, License Rental Rates, 2007 24
Table 5: Brazil, Special Participation (In Reais) in First Year, 2007 25
Table 6: Brazil, Special Participation (In Reais) in Second Year, 2007 26
Table 7: Brazil, Special Participation (In Reais) in Third Year, 2007 27
Table 8: Brazil, Special Participation (In Reais) After Third Year, 2007 28
Table 9: Brazil, Depreciation Rate in Oil And Gas Industry, 2007 29
Table 10: South and Central America, Investment Benchmarking, Overall Country Rankings, 2008 31
Table 11: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 32
Table 12: South and Central America, Investment Benchmarking, Oil Sector Performance, 2008 34
Table 13: South and Central America, Investment Benchmarking, Economic Performance, 2008 39
Table 14: South and Central America, Country Standings, Economic Performance, 2008 39
Table 15: South and Central America, Investment Benchmarking, Socio-Political Performance, 2008 41
Table 16: South and Central America, Country Standings, Socio-Political Performance, 2008 42
Table 17: Brazil, Crude Oil Key Statistics, 2008 44
Table 18: Brazil, Total Gross Crude Oil Production (MMBBLs), 2001-2008 45
Table 19: Brazil, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 46
Table 20: Brazil, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 46
Table 21: Brazil, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 47
Table 22: Brazil, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 48
Table 23: Brazil, Forecasted Assets-wise Gross Revenue(000' $), 2009-2014 49
Table 24: Brazil, Projected Assets-wise Total Government Take (000' $), 2009-2014 49
Table 25: Brazil, Projected Assets-wise Total Contractor Take (000' $), 2009-2014 50
Table 26: Brazil, Active Oil Field Assets Details 51
Table 27: Brazil, Planned Oil Field Assets Details 52
Table 28: Brazil, Pipeline Key Statistics, 2008 53
Table 29: Brazil, Crude Oil Pipeline Length by Company (Km), 2008 53
Table 30: Brazil, Petroleum Product Pipeline Length by Company (Km), 2008 54
Table 31: Brazil, Crude Oil Pipelines, 2008 54
Table 32: Brazil, Petroleum Products Pipelines, 2008 55
Table 33: Brazil, Petroleum Products Pipelines, 2008 (Contd.) 56
Table 34: Brazil, Petroleum Products Pipelines, 2008 (Contd.) 57
Table 35: Brazil, Refinery Key Statistics, 2008 58
Table 36: Brazil, Total Refining Capacity (MMTPA), 2000- 2013 58
Table 37: Brazil, Refining Capacity Company-wise (MMTPA), 2000-2013 59
Table 38: Brazil, Crude Distillation Unit Capacity (MMTPA), 2000-2013 61
Table 39: Brazil, Coking Unit Capacity (MMTPA), 2000-2013 62
Table 40: Brazil, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 63
Table 41: Brazil, Hydrocracking Unit Capacity (MMTPA), 2000-2013 63
Table 42: Brazil, Oil Storage Key Statistics, 2008 64
Table 43: Brazil, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 64
Table 44: Brazil, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 66
Table 45: Brazil, Storage Capacity (Thousand M3), 2000-2013 67
Table 46: Brazil, Storage Capacity (Thousand M3), 2000-2013 (contd — ) 68
Table 47: Brazil, Storage Capacity (Thousand M3), 2000-2013 (contd — ) 69
Table 48: Brazil, Storage Capacity (Thousand M3), 2000-2013 (contd — ) 70
Table 49: Brazil, Storage Capacity (Thousand M3), 2000-2013 (contd — ) 71
Table 50: Petroleo Brasileiro S.A., Key Facts 72
Table 51: Petroleo Brasileiro S.A., SWOT Analysis 83
Table 52: Petroleo Brasileiro S.A., Revenue by Segment, USD Million, 2003-2007 86
Table 53: Petroleo Brasileiro S.A., Revenue by Geography, USD Million, 2003-2007 87
Table 54: Petroleo Brasileiro S.A., Financial Statements, USD Million, 2003-2007 88
Table 55: Petroleo Brasileiro S.A., Financial Ratios, USD Million, 2003-2007 89
Table 56: Royal Dutch Shell plc, Key Facts 90
Table 57: Royal Dutch Shell plc, SWOT Analysis 103
Table 58: Royal Dutch Shell plc, Revenue by Segment, USD Million, 2003-2007 108
Table 59: Royal Dutch Shell plc, Revenue by Geography, USD Million, 2003-2007 108
Table 60: Royal Dutch Shell plc, Financial Statements, USD Million, 2003-2007 109
Table 61: Royal Dutch Shell plc, Financial Ratios, USD Million, 2003-2007 110
Table 62: Repsol YPF, S.A., Key Facts 111
Table 63: Repsol YPF, S.A., SWOT Analysis 121
Table 64: Repsol YPF, S.A., Revenue by Segment, Euro Million, 2003-2007 126
Table 65: Repsol YPF, S.A., Revenue by Geography, Euro Million, 2003-2007 127
Table 66: Repsol YPF, S.A., Financial Statements, Euro Million, 2003-2007 128
Table 67: Repsol YPF, S.A., Financial Ratios, Euro Million, 2003-2007 129
Table 68: Petrobras Acquired Ipiranga Downstream Assets 130
Table 69: VB (Brasil) Petroleo Private Acquires IBV Brasil Petroleo From EnCana 131
Table 70: Soros Fund Management Acquires Majority Stake In Petroleo Brasileiro 132
Table 71: OGX Petroleo Completes IPO For $4,116.73 Million 133
Table 72: Mitsubishi Enters Into Joint Venture With Petrobras 134
Table 73: CNOOC Enters Into Joint Venture With Petrobras 135
Table 74: Reliance Industries To Enter Into Partnership With Petrobras 136
Table 75: Mitsui Forms Joint Venture With Petroleo Brasileiro 137
Table 76: OGX Petroleo e Gas Participacoes Acquires Additional 15% Stake In BM-S-29 Block 138
Table 77: Petrobras And Queiroz Galvao To Acquire 18.3% Interest In Block BM-CAL-5 From Norse Energy 139
Table 78: Ecopetrol To Acquire 50% Interest In BMC-29 Concession From Anadarko Petroleum 140
Table 79: Royal Dutch Shell Sells Its 43% Stake In Brazil' s Campos Basin Block BM-C-25 To Petroleo Brasileiro 141
Table 80: Vale To Acquire 12.5% Stake In Two Gas Blocks From Woodside 142
Table 81: StatoilHydro Acquires 50% Interest Peregrino Oil Field 143
Table 82: Anadarko Petroleum Sells 25% Interest In Kaskida Unit And 50% Interest In Peregrino Field To StatoilHydro 144
Table 83: INPEX Petroleo Santos To Acquire 20% Interest In Block BM-C-31 From Shell Brasil 145
Table 84: Petro Vista Acquires 41.3% Working Interest In Tartaruga Block 146
Table 85: Benchmark Energy Acquires BrazAlta' s Espirito Santo Blocks 147
Table 86: Petroleo Brasileiro To Acquire Stake In Two Oil And Gas Assets In Brazil 148
Table 87: Brownstone Acquires Stake In On-Shore Blocks From Petro Vista 149
Table 88: Park Place Energy Sells 51% Interest In BrasAm Diamond Project 150

1.2 List of Figures
Figure 1: Brazil, Energy Sector break-up, 2008 13
Figure 2: Brazil, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 16
Figure 3: Brazil, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 18
Figure 4: Brazil, Crude Oil Reserves, Million Barrels, 1996-2008 20
Figure 5: Brazil, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample Cashflows, 2005-2016 30
Figure 6: South and Central America, Country Standings, Upstream Fiscal Attractiveness, 2008 33
Figure 7: South and Central America, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 35
Figure 8: South and Central America, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 36
Figure 9: South and Central America, Country Standings, Exploration Blocks Awarded, 2008 37
Figure 10: South and Central America, Country Standings, Economic Performance, 2008 40
Figure 11: South and Central America, Country Standings, Socio-Political Performance, 2008 42
Figure 12: Brazil, Crude Oil Assets Map, 2008 44
Figure 13: Brazil, Total Gross Crude Oil Production (MMBBLs), 2001-2008 45
Figure 14: Brazil, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 47
Figure 15: Brazil, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 48
Figure 16: Brazil, Total Refining Capacity (MMTPA), 2000- 2013 59
Figure 17: Brazil, Refining Capacity Company-wise (MMTPA), 2008 60
Figure 18: Brazil, Refining Capacity Company-wise (MMTPA), 2013 60
Figure 19: Brazil, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 65
Figure 20: Brazil, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 66
Figure 21: Petroleo Brasileiro S.A., Value Chain Analysis 79
Figure 22: Royal Dutch Shell plc, Value Chain Analysis 99
Figure 23: Repsol YPF, S.A., Value Chain Analysis 118
Figure 24: GlobalData Methodology 173