Venezuela’s Oil Industry: 2017 and Beyond

This two-hour webinar delivers granular analysis on Venezuela’s oil industry and PDVSA. Webinar participants who would like to interact directly with IPD’s consultants for Q&A and general debate following the webinar may purchase a separate one-hour conference call at any time.  For more information, please contact us.

  Online Training (Pre-recorded Webinar): US$ 1,000.00

  One Hour Follow up Conference Call: US$ 750.00

An IPD Latin America representative will contact you within 24 hours of your purchase to forward all materials.  Webinar Date: December 2016

The Situation

Venezuela’s undeniable economic and political strife has compounded challenges in the country’s oil industry, as PDVSA fights to stave off further oil production declines. In this complex risk scenario, the minutiae matter. IPD Latin America’s Venny/PDVSA workshop will provide investors with a granular understanding of PDVSA’s current operational and financial situation, and a detailed understanding of the investment environment in which Venezuela’s oil and natural gas industry operates. IPD Latin America’s consultants each have 25 years of experience in the Venezuelan oil industry. Workshop presenters will drill down into Venezuela’s oil industry operations and provide a clearer understanding of an otherwise opaque market.

For five years, the Venny/PDVSA workshop has been the benchmark for objective, detailed information on PDVSA and the Venezuelan oil industry. Our full-time, Caracas-based team covers the industry in real time, offering workshop participants an entirely up-to-date, local view of the market and unparalleled insight into PDVSA operations. IPD works regularly with numerous financial institutions for which the workshop has been tailored.

This workshop and all IPD financial client services are MNPI compliant. 

Agenda

Section 1 – Venezuela’s Oil & Gas Industry- Upstream Trends & Scenarios

  • Views on oil prices
  • Breakdown of recent production activity
  • Main drivers for crude oil production decline
  • Rig activity
  • Oil and gas production trends and scenarios through 2020
  • The future of mixed company joint ventures
  • Which reserves should Venezuela develop?

Section 2 – O&G Projects Overview

  • Orinoco Oil Belt update
  • Diluent import dynamics
  • View on recently awarded drilling projects
  • Offshore natural gas projects
  • Logistical challenges and infrastructure

Section 3 – Venezuela’s Oil & Gas Industry – Downstream Perspective 

  • Domestic market trends
  • Crude and petroleum product imports
  • Venezuelan refining activity, capacity trends, maintenance issues, investment strategy
  • Overview of PDVSA’s Caribbean refining activity
  • Export trends, including G2G export agreements and cash vs. non-cash deals
  • How many export barrels actually benefit PDVSA?

Section 4 – PDVSA’s Financial Perspectives and Business Plan Implementation

  • PDVSA cash flow analysis, debt service profile, liabilities
  • Default risk and potential for asset monetization
  • Mixed company contracts and the future of joint ventures in Venezuela
  • Remediation plan financing strategies and benefits

About Your Training Consultant

Joel Guedes
M&A, JVs and Corporate Finance Advisor – IPD Latin America

Joel leads IPD’s oil and gas strategic and financial advisory services. He specializes in economic modeling for project and business valuation, as well as other strategic and financially-oriented analysis. He also provides strategic consulting on mergers & acquisitions and joint venture opportunities. Joel focuses on issues like financing strategies, including project finance, export credit agency activity, economic evaluation of projects, and valuation of companies and assets. He constantly monitors regional oil and gas activities, supporting IPD’s risk assessment for financial clients exposed to sovereign and corporate risk.

Prior to joining IPD, Joel worked with Venezuela’s PDVSA for 20 years. He was a Senior Advisor in PDVSA’s Corporate Planning Department and, later, a Corporate Manager focusing on financing strategies, PDVSA cash flow analysis and forecasts, oil market analysis for Venezuelan OPEC officials, monitoring of Venezuelan crude oil production, market studies for Venezuelan crude oil and products, and crude oil price forecasts.

Joel is a regular speaker at international conferences like the Bank of America Merrill Lynch and J.P. Morgan Global emerging markets corporate conferences.

Education

Joel holds an MBA from Manchester Business School in the UK (2003), an MSc in Finance from Instituto de Estudios Superiores de Administracion – IESA (1999) and a Bachelor of Arts in Business Administration from Universidad Santa Maria – USM (1995). He also attended a Negotiation Program at Harvard Business School (2004/2005) and the O&G MBA at Institut Français du Pétrole – IFP (2006).