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GMAST Group Colombia 2009-2011

GMAST Group Colombia 2009-2011. GMAST Group Briefing. The Group began in 1987 under the leadership of its main shareholder: Menahem Kroll.

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GMAST Group Colombia 2009-2011

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  1. GMAST Group Colombia 2009-2011

  2. GMAST Group Briefing • The Group began in 1987 under the leadership of its main shareholder: Menahem Kroll. • The first areas of action were Integral Security, specialized in Adaptive Perimeter Security based on Neural Nets and High Security Construction, including afterwards Logic Security and Complex Process Monitoring. Further the activities grew to Investment and Financing Projects targeting the financing and oil markets. • The Group’s success secret is its highly qualified personnel, strategic planning of all is activities and including its most prominent employees in the shares of the company they work for. • Actually the Group has own offices in: Israel, Colombia, Venezuela, and Madrid, and representatives in: Russia, Finland, Sweden, Denmark, England, EEUU, México, Brazil, Costa Rica, Argentina, India, China Singapore and Australia.

  3. GMAST Group Briefing • At present, the Group is active in four areas: • Perimeter Security Technology • Integration Platforms • Data Security • Static and transactional anti fraud systems • Transactional technology • Neural Systems for Dynamic Discrimination and Segmentation • Payment Systems Authorizing Platform • Risk Capital • Currency Arbitration Fund • Latin-American Real Estate Investment Fund • Latin-America Oil Services Investment Fund • Financing Transactions Process Centre • ASP services for Financing Industry • Transactional Authorization Services • Development and Processing of Financing Products for Entities • Development and Processing of Financing Products for Unbanked Population

  4. Creway Investments Ltd • Creway is a company incorporated in British Virgin Islands in 2002. • It has a portfolio of investors with a capital investment of $ 30 million. • Operates mainly in the Americas (North, Central and South), Europe and Israel. • Participates in the business lines: • Venture Capital: Real Estate, Technology, Petroleum Services • Funds Arbitration • Creway Investments Group Ltd is part of GMAST • www.gmast.com

  5. GMAST Group Risk Capital

  6. Risk Capital Investments MK Investments Ltd • British Virgin Islands • Group’s Research & Development • Risk Capital • Panamá/Colombia • Risk Capital • Risk Fund in the Oil Industry • Israel • Risk Capital • Risk Fund • Real Estate Investments

  7. GMAST Group Oil Services

  8. Preview Why Colombia? • Colombia is a country attractive for oil projects. • The guerrilla demobilization process increased confidence in the oil industry and attracting investment in oil business development. • The government provides full constitutional warranty to investors . • Companies in Colombia are increasing their activity in order to increase the production. • The State is interested in camp exploration and grants exploration licenses to national and international companies. • International high oil prices brought a global boom in oil investments.

  9. Type of Companies and their Services • OPERATION COMPANIES: Perform oil and/or gas exploration and exploitation in an assigned area under a Government granted license. • SERVICE COMPANIES: Supply materials equipments and services to the Operator Companies: • Oil well drilling recondition maintenance and engineering works. • Slick line services. • Well acidification. • Well un-sanding. • Well cement. • Artificial Production Systems. • Others: Electric Registry; Well Geology; Geophysics; Perforation Fluids; Completing Fluids; Production, Storage, Processing, Refining, and Transport Facilities Provision; Oil and Gas Pipeline Construction. • Each area has its own specialization and generates an organization for its performance.

  10. Oil Well Drilling and Recondition • DRILLING SERVICE: Earth surface is drilled using a drilling equipment, piping and rock-drill, to achieve defined targets for a specific client and reaching depths between 1.000 and 7.000 meters. The Client rents all the equipment including pipes, operating personnel, fuel, to work on a 24 hour basis and pays a daily fee. This fee can stand from 12.000 to 50.000 USA $ per day, depending on the equipment capacity. The deeper the equipment can drill the higher the fee is. Platforms that work in open seas are the most expensive. • WELL MAINTENANCE OR RECONDITION SERVICE: Equipments are similar to the former but makes work-over jobs. This means it is used to recondition or maintain an oil well. There are small and big equipments depending on the depth reached and the tools and pipes to manage. They are also rented on a daily basis.

  11. Drilling and Workover Companies in Colombia Company # RIGS OCUPATION Pride de Colombia ltd. 20 100 Naibors Drilling 8 100 Saxon Drilling 5 100 Zigma Colombia Petroleum Services 5 100 Discovery Energy Services 3 100 Petrotesting Drilling 2 100 Varisur S.A 5 100 Serinco Drilling 3 100 DWS 2 100 Independence Drilling 15 80 Helmerich & Pyne 4 100 Parker Drilling (equipment over 5.000 m) 4 100 OPA 2 100 Others 10 80

  12. Operation Companies Operation Companies that own exploration and production blocks and require equipment and service permanently: NAME #RIGS NAME #RIGS NAME #RIGS Petrobras 6 BP 5 Perenco 4 Harken 1 Mansarovar 7 Pacific Stratus 7 Sogomi 1 Hocol 6 Petrocol 1 Petrotesting 1 Montecz 2 Petrominerales 5 Ecopetrol 25 Interoil 2 Rancho Hermoso 1 Kappa 2 Texas 2 Hupecol 2 Occidental 5 C&C oil 2 Wogsa 1 Petropulí 1 Other 30 Companies exist and can be seen in: www.anh.gov.co

  13. State Involvement There are two kind of contracts in Colombia: • ASOCIATION CONTRACT: Where the Colombian Petroleum Company ECOPETROL associates in various percents depending on the found oil reserves. When these reserves are high ECOPETROL’s percent is also high. The percent runs from 30 – 50%. • AREA ASSIGNATION: Colombian State, through the AGENCIA NACIONAL DE HIDROCARBUROS that rules oil politics in the country, grants areas to Oil Operators. The operator company pays the state an 8% fee and the rest is for itself. This is a very attractive system that has interested foreign companies to invest in Colombia.

  14. Oil Camps in Colombia • CAMPS IN EXPLORATION: see: www.anh.gov.co • CAMPS IN PRODUCTION: see :www.anh.gov.co • WELLS IN PRODUCTION: see : www.anh.gov.co and www.ecopetrol.com.co • PRODUCTION PER DAY: www.acipet.com • SHORT TIME PROGNOSIS: 1MM BOPD • NEW CONTRACTS SIGNED IN 2007: 100 • NEW CONTRACTS SIGNED IN 2008: 30 • WELLS DRILLED IN 2008: 100 • WORKOVER DONE IN 2008: 1.500 up to date • FOR ADDITIONAL STATISTICS: • www.ecopetrol.com.co • www.anh.gov.com.co • www.acipet.com

  15. 4G Energy, S.A. (Colombia) 4G Energy, S.A. is a company owned in100% by 4G Energy Inc. Panama, and formed in Colombia to provide services to the Oil Industry. The Company has now a capital of USD 8.000.000. 4G Energy S.A. Oil Services activity is divided in two areas: Purchase and Rent of Oil related Equipment Using funds provided by the headquarters: 4G Energy, Inc. (Panama), 4G Energy, S.A. purchases new or used drilling and workover equipment with its peripherals. These are further rented or leased to the Oil Services Companies that work in the Oil Rigs which are already assigned to them or are in final contracting steps. Actually 4G Energy S.A. has two drilling machines of 350 HP and 550 HP, with all their additional peripherals.

  16. 4G Energy S.A. (Colombia) • Strategic Associations with Oil Operating Companies • 4G Energy S.A. has special associations with Oil Services Companies through two figures: • A company with 50% share for each part. • A business association with benefits shared in 50% per each part. • Each of this new business ventures owns the exclusive rights over the contracts between the Oil Service Company and the Oil Operating Company. • Actually two strategic associations have been created with the following companies: • OperacionesPetrolerasAndinas S.A (OPA S.A.) • Discovery Energy Ltda. • 4G Energy S.A. has constant technical and administrative supervision on the operation of these ventures.

  17. GMAST Group Coal Services

  18. Preview Why Colombia? • Colombia has the largest coal reserves of coal in Latin America, and it is the world’s fifth leading exporter of thermal coal. • Colombian coal is recognized worldwide for its low ash and sulfur contents, high volatile components, and calorific value. Being low in acid-rain-causing sulfur and cheap to produce, Colombia’s coal has always been coveted. • State acts as facilitator in the mining area, strengthening its role as manager of the resource, as regulator, and as controller of its exploitation. The policy is consolidation and expansion of production in the Caribbean coast as well as in the of the interior of the country. • Despite calls for more environmentally forms of energy, the lower cost of Colombian coal ensures its continued use for electrical generation. • The majority of Colombia's coal exports are shipped to European markets due to shorter distances and lower freight costs compared to the rapidly growing Asian markets. Colombia is considered to be a low-cost producer with its coal highly sought after due to its low sulfur content.

  19. Sector Organization Colombia completed the privatization of its coal sector in 2004 with the closing of Minercol, the former state-owned coal company. The largest coal producer in the country is the Carbones del Cerrejon consortium, composed of Anglo-American, BHP Billiton, and Glencore. The consortium operates the Cerrejon Zona Norte (CZN) project, the largest coal mine in Latin America and the largest open-cast coal mine in the world. CZN, which consists of an integrated mine, railroad, and coastal export terminal, produces about 30 MMst per year. Drummond operates the second-largest coal mine in Colombia, La Loma, also an integrated mine-railway-port project, producing about 25 MMst per year. In 2008, Drummond received a permit to begin operations at the El Descanso mine, near La Loma, which is expected to produce 20 MMst per year by 2010. Glencore operates the Jagua and Prodeco coal mines, with total production capacity of 8 MMst per year. The next largest coal mine is a privately owned Paz del Rio mine in Boyaca Department which produced 600,000 t. The Government expects the production of coal to increase to 124.9 MMt in 2011 and to 134.2 MMt in 2019.

  20. 4G Energy S.A. (Colombia) 4G Energy S.A. activities in the Coal area: 4G Energy extended its investments to the coal area offering services to the companies that own concessions to exploit coal. The company purchases working modules. Each module consists of the following equipments: 1 Digger Equipment: extracts coal in the Pit and loads the trucks 5 Dumping Trucks: transport the coal from the Pit to the gathering area The company that operates these modules is a business venture between 4G Energy (80%) and a local operator (20%) who has the required experienced personnel to operate the modules. The venture has a renewable contract with a Prime Line Company that has the Exploitation Concession. This contract is guarantied by a fiduciary account, minimizing thus the risks.

  21. 4G Energy S.A. (Colombia) • The business is based in the following points: • Operating contract for the modules to extract and transport thermal coal • Validity of contract: 3 years plus renewal for 2 additional years • Each module consists of 1 Digger and 5 Dumping Trucks working in shifts of 11 hours with 1 hour for maintenance during 26 days per month. • Payment per each transported ton through a fiduciary account. • Company that exploits the mine: Glencore International AG • The market demand for transport modules is growing and is bigger that the offer. Actually Glencore itself has a need for 120 modules.

  22. 4G ENERGY Inc Panama Main Office Equipment purchase 4G ENERGY S.A. Colombia Property 100% 4G Energy Inc. (Panama) Oil Equipment Operating Companies 4G ENERGY S.A. COAL Coal Transport Operating Company 4G ENERGY S.A. / OPA S.A. Property 20% Local Operator 80% 4G Energy, S.A. Property 50% OPA, S.A. 50% 4G Energy, S.A. 4G ENERGY S.A. / DISCOVERY ENERGY Ltda Property 50% Discovery Energy, Ltd 50% 4G Energy, S.A. Company’s Configuration

  23. Organization Administrative and Operational Management Control GENERAL MANAGEMENT INVESTOR ATENTION Directive Board Reports Contracts and Litigations OPERATIONS TREASURY AND ADMINISTRATION • General Balance • Loss / Gain • Accounting Registry • Taxes LEGAL ACCOUNTING Directive Board Reports Investors Report SW and HW maintenance SYSTEMS OPERATIONAL MANAGEMENT AUDIT ACTIVES MANAGEMENT STRATEGIC ASSOCIATION ADMINISTRATIVE MANAGEMENT AUDIT ADMINISTRATION TREASURY OPA Income Registry Invoicing Collection Operational Registry Control Budget and Costs Banks Discovery Expenses Registry Equipment Maintenance Control Investments Obligations Equipment Rental Tax Inventory Control Cash Flow Human Resources Purchases Purchase / Sales Execution and Control Statistics

  24. 4G Energy’s Equipment

  25. 4G Energy’s Equipment

  26. 4G Energy’s Equipment

  27. 4G Energy’s Equipment

  28. 4G Energy’s Equipment

  29. 4G Energy’s Equipment

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