Who we are and what we do

Transcription

1 part of Aker Who we are and what we do Ågotnes. 22nd May 2012 Gordon Birnie Engineering Manager 2012 Aker Solutions

2 Health, safety and environment: a top priority HSE performance indicators HSE awards HSE performance award. Malaysia's highest safety award. International Safety award 2008 International Safety award 2011

3 This is Aker Solutions One of the world s leading providers of oilfield products, systems and services Built on more than 170 years of industrial tradition Approximately people in more than 30 countries Employees: Contract staff: Revenues: 33.4 bn EBITDA: 3.3 bn Market Cap: 20.5 bn Revenues and profits are in NOK and for Market capitalisation as of 1 February 2012

4 Business areas Engineering Drilling technologies Subsea Umbilicals Process systems Mooring and loading systems Maintenance, modifications and operations Oilfield services and marine assets Well intervention services

5 From reservoir to production Aker Solutions brings together engineering, technologies and services for oil and gas drilling, field development and production Geology and geophysics 2. Deepwater drilling 3. Drilling risers 4. Surface trees 5. Subsea systems 6. Umbilicals and flowlines 7. Hydrate inhibition 8. Mooring equipment 9. Processing technology 10. Asset integrity management 11. Well services 12. Deepwater well intervention 13. Offshore loading systems

6 Selected projects and technologies Subsea production technology Remote site, local partnerships Harshenvironment Concrete GBS technology Field life extension Deepwater drilling risers Drilling technology Gas field developments Integrated drilling solutions

7 Our Vision and Values Our vision is to be the preferred partner for solutions in the oil and gas industry through living our values.

8 part of Aker Subsea 2011 Aker Solutions

9 Aker Solutions Subsea Business in Brief Vision is to be the preferred subsea partner Top-tier subsea production system provider skilled and dedicated employees worldwide Global manufacturing and service infrastructure in place Project references and installed base in all major subsea regions Comprehensive subsea product portfolio Leading position on key subsea technologies Innovative service offering Slide 9

10 The subsea market Returning to high growth Main drivers Deeper waters, complex reservoirs, harsh fluids and longer step-outs Need for increased oil and gas recovery from existing fields Chase to reduce costs to drive marginal developments Average annual growth rate in key markets Subsea technology is key New subsea processing and boosting solutions Reduced development costs through standardised and re-used solutions Innovative service solutions Source: Quest Offshore, November 2011 (Trees, Controls, Manifolds, Umbilicals) Global subsea CAPEX spending by region (USD million) Africa/Medit North Sea South America APAC/Middle East North America

11 The North Sea market The largest, most exciting offshore market in the world Expected offshore E&P spending in 2011 by country ($B) Aker Solutions is well positioned NCS and UKCS No. 1 and 4 respectively in terms of offshore investments and spend globally Sustained high exploration activity with world class discoveries being made Significant pipeline of field development projects Increasing investments in facilities upgrade and life-of-field vibrant Brownfield market Premier incubator of technologies, services and business models The gateway to the Arctic Expected offshore E&P spending in the North Sea ($B) Norway CAGR: 12% UK CAGR: 9% Source: Relevant market extracts from Rystad Energy Database accessed on 2/12/2011

12 Aker Solutions Subsea SLS - Through the Life of a Field Our vision is to be the preferred subsea partner through the Life-of- Field by delivering project excellence and quality ahead of time. Installation Offshore & Onshore Maintenance Refurbishment &Recertification Decommission Condition Monitoring

13 Aker Solutions Subsea SLS Business in Brief Life-of-Field Expert: Ågotnes Top-tier subsea production system & service provider: Subsea equipment support Offshore installation & intervention Onshore maintenance refurbishment & upgrades: subsea trees, control systems, work-over systems Maintenance, repair & recertification of tools Storage facilities Technical support Engineering services Slide 13

14 Aker Subsea SLS Industry Highlights From Ristad report to NCE, 2011 Key growth opportunities Production increase from Subsea Fields in Norway Double spending on subsea equipment, installation and services into 2018 Expected subsea tree production increase of 20-40% yearly average from Driving factors Statoil s clear strategy and ambition for improving its installed base of subsea equipment Growth driven by Greenfield projects Aging infrastructure, more than half of current trees 10+ years XT retrieval in the aftermarket, key driver. Statoil key driver Norwegian Continental Shelf Green Field Projects

15 SLS Norway Subsea base at Ågotnes Employees Sucessful Awards, Tech Developments, Extension of Life of field Brown Field Focus, IOR Green Fields

16 SLS Norway 2012 Name L4, SLS Norway Vice President Arne Bengt Riple Ågotnes Senior Vice President Norway/Africa Knut Røsjorde Oslo Administration Support Kristine Sheridan Finance Trine Gravdal Lie HSEQ Dag Håkon Myrdal Business Development Montserrat Telseth HR/Training Asgerd Eide Field Operations Steinar Landro Projects XTs & WOS Trym Atle Lien (01.08) Arild Hansen (Acting) Pumps and Production Control Systems Service and operations Frode Algrøy Engineering Gordon Birnie Manufacturing and Supply Chain Arild Hansen Work Shop, Facilities & Supply Chain Ågotnes-Kristiansund-Hammerfest

17 What we do in Subsea Lifecycle Services Equipment Design and Supply Installation Operation Work Over Refurbishment Field Abandonment Improvements Site receive test Training personnel Field Support Manpower support Spare Parts Test Equipment Rental Tools Op & Tech Supp Increased Oil Recovery solutions (IOR ) Integrated operations ( I/O) Condition Monitoring Customer Property Mngt Rental Tools Re-supply of brownfield equip Op & Tech Supp Manpower support Well Intervention Repair & Upgrade XT Refurbishment Installation and life-time service support Continual feedback to Improve Products & Services

18 SLS Norway, Ågotnes Present & Future

19 Competent and experienced workforce Work force by region Work force by degree

20 Aker Solutions: an attractive employer Recruitment in 2011 Norway: 1100 Globally: 2500 Engineers: ~ 75% Strong focus on recruitment and building employer brand Rated highly by both engineers, business professionals and young IT professionals We are very pleased to be voted as the second most popular employer among professional engineers in Norway. Berit Bjerkåsholmen Vice president, Corporate HR

21 Aker Solutions: an attractive employer Recruitment at Ågotnes 2011: (april): 105 Engineers: ~ 45% Strong orientation toward recruitment from local universities and Subsea studies Focus on recruiting experienced personnel Proven training excellence for achieving high level competency in our workforce Aker Solutions nominated for the National Skilled Worker Training Prize Jan 2012

22 Summary NCS is the 2 nd largest oil reservoir discovery in the world, since 2007 Barents Sea area is a primary focus Evaluation for strategic positioning in this area Significant growth in oil investments by major companies Emergence of new stakeholders Subsea predominance is increasing Alignment between these discoveries and Statoil s ambitions Statoil is a key partner in Brown fields and Green fields Subsea Boosting and WOS strategy are important elements in brown field (IOR) Focus on performance Customer s plans are ambitious, preparation needed for delivering & exceeding their expectations

23 Copyright and disclaimer Copyright of all published material including photographs, drawings and images in this document remains vested in Aker Solutions and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction. This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Aker Solutions ASA and Aker Solutions ASA s (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Aker Solutions businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although Aker Solutions ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Aker Solutions ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Aker Solutions ASA nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use. Aker Solutions consists of many legally independent entities, constituting their own separate identities. Aker Solutions is used as the common brand or trade mark for most of these entities. In this presentation we may sometimes use Aker Solutions, we or us when we refer to Aker Solutions companies in general or where no useful purpose is served by identifying any particular Aker Solutions company.