BUSINESS OPPORTUNITY IN INTEGRAL STRATEGIC ALLIANCE MARACAIBO LAKE- ZULIA STATE- ANA MARIA CAMPOS PETROCHEMICAL COMPLEX REPUBLIC BOLIVARIANA OFF VENEZUELA. PEQUIVEN Petroquímica de Venezuela, S.A.
Petrochemical Venezuela S.A. (Pequiven) is a Venezuelan state company under the Ministry of Popular Power of Oil and Mining, whose shares are wholly owned by the Bolivarian Republic of Venezuela.
Pequiven encourages the creation of joint ventures, stimulates agricultural and industrial development of the downstream production chains and strengthens the social balance with high community and ecological sensitivity.
The state promotes and develops the petrochemical activities carried out along the northern axis - Costero, specifically in Zulia, Carabobo and Anzoátegui states, where nitrogen and phosphate fertilizers, olefins as well as chemical products used to satisfy demand in the domestic market, ensure food sovereignty and industrial and technological development. BACKGROUND This business opportunity is offered to willing investors under the joint venture scheme with Pequiven (in which it offers more than 51% of shares) for the exploitation of gas deposits in the area of Maracaibo Lake, in Zulia state, in the western part of the Bolivarian Republic of Venezuela, bordering with Colombia and the Caribbean.
There is a natural gas field with a potential of over 300 million cubic ft. (MMSCFD) to be exploited by the petrochemical industry of Venezuela, Pequiven (PDVSA subsidiary), and its potential business partner in the joint venture. New business ventures would allow production capacities of resins, polymers, and other raw materials of great demand for the local demand or its overseas investor. Additionally it could also create a new gamma of final products to be placed in Mercosur, Central, and South American markets. NEW GAS OPPORTUNITIES in MARACAIBO LAKE, VENEZUELA OBJECTIVE
Present the business model proposed by Pequiven S.A. for the creation of a joint venture whose purpose is the granting of a license for exploration, exploitation and development of South Tia Juana Lago gas fields. (Field B6-LL-370, B6-LL-570, B6-LL- 603, B7-LL-453 and B7-LL615), Rosa Medium (B6-TJ 303), Ambrose (prospects Arena C) and North Ambrosio (exploratory), for processing into petrochemicals in the Ana Maria Campos Complex (Zulia). ENTITY EXECUTING THE PROJECT
Pequiven and its investing partner.
PROJECT LOCATION
Zulia state, Venezuela, Venezuela's western region.
PROJECT DURATION Estimated 2 to 3 years. BUDGET U$1,15 billion consisting of three stages: A – Initial well exploitation phase, estimated at U$409 million. B - Consolidation phase: consists of flow stations and gas compression. C – Raw material industrializing phase.
FORMS OF FINANCING Pequiven aims that the joint venture company or interested party willing to participate makes total investment of U$1.15 billion, in addition to its cooperation with technology transfer, commercialization methods, or any other it deems necessary. CAPITAL INVESTMENT (TOTAL)
Millions of Dollars
409 Wells
15 42 LGN Flow Stations Total 47 581 1,149 Fertilizers Compression 537 Transformation: 62 59 Multiple Gas-Pipelines Phase I Gas Production: 1,091 Phase II BUSINESS MODEL
Operation and marketing of Production and management fields petrochemical products regulated by assigned governed under local Oil and the Law for the Development of Gas Legislation JOINT VENTURE Petrochemical Activities
PARTNER B
300 MMSCFD
Company Company Production Transformation
PARTNER B PARTNER B Exploration license, exploitation and Organization responsible for the development of gas fields assigned transformation of gas DEVELOPMENT OF GAS FOR “ANA MARIA CAMPOS COMPLEX”
EXPORTATION AND PRODUCTION TRANSFORMATION OPPORTUNITY TO 180 MMSCFD 40 MMSCFD EXPORT 100 (current RICH GAS 130 MMSCFD output) + METHANE 40 MMSCFD GVM 400 UREA 200 New 67 GVM AMMONIA Opportunities (SURPLUS) (300 MMSCFD) FERTILIZERS LNG II 120 MMPCED ETHANE PROPANE 5O MMSCFD 790 TMD 7980 BPD CAMC SERVICES
6 MBD BUTANE AND GASOLINE LNG I ETHANE 190 TMD OLEFIN I/II BAJO GRANDE PROPANE 3500 BPD 75 MMSCFD PDVSA METHANE 100 MMSCFD EXPORT OPPORTUNITIES 3.3 MBD BUTANE AND GASOLINE 25 MMSCFD ELECTRIC. CPAMC ALLIANCES OPPORTUNITIES IN HISTORICAL EVENTS. It is clear that Pequiven has already made previous investments in the identification and certification of natural gas fields, its gas exploitation potential is in a capacity of 300 million cubic feet (MMSCFD), providing advantages and business opportunities for the refining and export of raw materials, these certifications can be endorsed in due course to the Strategic Ally, and we thank FUMEKA STARLIGTH CORPORACION PTE, evaluate its contribution to the implementation of said initiatives and / or others that may well emerge from this.
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