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Petroleum Authority of Mongolia PowerPoint Presentation
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Petroleum Authority of Mongolia

Petroleum Authority of Mongolia

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Petroleum Authority of Mongolia

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Presentation Transcript

  1. Potential for Mongolia’s Oil Industry Development Petroleum Authority of Mongolia

  2. Petroleum Authority of Mongolia

  3. The legal environment of the Mongolian Petroleum sector Petroleum law of Mongolia Petroleum products law of Mongolia Regulation for implementing the Petroleum Law Production Sharing Contract Other relevant domestic laws and regulations

  4. Outline of the Production Sharing Contract Recommendation National Security Council Government of Mongolia Ministry of Mineral Resources and Energy Permission PSC Investors PAM, on behalf of Government Application

  5. Current petroleum exploration and production activities

  6. Current petroleum exploration and production activities • PSC signed – 7 blocks • Ratified - 3 blocks • To be ratified -14 blocks • Joint working group to be established – 1 block • Open for bidding – 5 blocks

  7. Current petroleum exploration and production activities

  8. Current petroleum exploration and production activities Exploration activities from 1994 to 2008: • 17584 km 2D seismic work • 5776 km. 3D seismic work • 448 wells were drilled • US 951.9 million dollars of FDI

  9. Current petroleum exploration and production activities As of 2008 we have developed 3.1 million barrels of crude oil. Crude oil was exported to the PR of China. Following companies have conducted development and export: “Dong Sheng Petroleum (Mongolia)” LLC “PetroChina Daching Tamsag-Mongolia” LLC

  10. Current petroleum exploration and production activities By 2010: “PetroChina Daching Tamsag-Mongolia” LLC’s annual development will reach 420 thousand ton (3.15 million barrels) By 2015:  Annual development will reach 1.5 million ton (11.3 million barrels)

  11. Petroleum Downstream Operation The Petroleum Products Law adopted in 2005 by the Parliament. The PAM regulates all the activities of the petroleum downstream industry in Mongolia. Statutory law provides enabling legal environment for the State regulation on petroleum products

  12. Petroleum Downstream Operation

  13. Petroleum products import structure by country in 2008 Russian Federation 91.83% China Korea 0.15% Kazakhstan Other 0.46% 1.60% 5.97% Petroleum Downstream Operation

  14. Future plans To establish refinery plant in Mongolia To increase investment and expedite exploration and evaluation works in the Dornogobi and Tamsag basin Within year 2009-2012 to start the evaluation and appraisal exploration of coal bed methane gas, establish rough estimates of the reserves, and define new CBM blocks in Mongolia

  15. Future plans To improve the legal environment of the petroleum sector through possible amendment to the relevant laws and regulations To expedite the process of importing crude oil from third countries and refining