TOMORROW. A Technip Technology Publication - Issue 6 - April Tomorrow-Technip-April 2015

Transcription

1 T TOMORROW A Technip Technology Publication - Issue 6 - April 2015 Manufacturing excellence at Technip Inocean and Kanfa, reinforcing execution capabilities Strategic alliance with Heerema Badger, commercializing innovative technologies Tomorrow-Technip-April 2015

2 P. 8-9 Technip and Heerema strategic alliance P. 4-5 Manufacturing excellence at Technip P Badger licensing Commercializing innovative technologies P. 6-7 Inocean and KANFA Reinforcing Technip s execution capabilities Tomorrow Magazine A Technip Technology Publication Issue 6 April 2015 You can find the previous issues of Tomorrow at: tomorrow-magazine Your comments are always welcome: publicrelations@technip.com ISSN Director of Publication: Christophe Bélorgeot Chief Editor: Caroline Aurelle Associate Editors - April 2015 issue: Thierry Pilenko, Brian A. Roberts, Christian Nygaard, Cindy Viktorin, Gerald Bouhourd, Hugues Berton, Jean-François Niel, Jean-Louis Rostaing, Jean-Philippe Martin, Laurent Decoret, Marie- Christine Charrier, Roberta Maciel, Stéphane His. Photography: Technip image library, Jérome Retru, BW Offshore Design and production: Anne-Laure Seguette, Lydia Marchetti The Group Communications Department would like to thank everyone who contributed to this issue. Technip - 89 avenue de la Grande Armée Paris - France This document is printed on Heaven 42 This document is the property of Technip. Any modification, reproduction or commercial use of this document is prohibited.

3 Welcome to the latest issue of Tomorrow, which shines light on our technology and innovation capabilities through a focus on strategic alliances and recent acquisitions in both our subsea and onshore/offshore segments. Our industry has entered a period of uncertainties and challenges but Technip begins 2015 in a strong position with a long-term visibility on its activities. In the coming years we will continue to widen our portfolio of solutions and reinforce our position in the oil and gas service value chain to engage early with clients, in order to improve their projects and offer cost and schedule-driven solutions, investing in skills, people and technologies. Research and Development (R&D) and partnerships will play a critical role in this endeavor. EDITORIAL Technology and innovation is at the heart of what we do, and key differentiators we have strived to develop our net investment in R&D has more than doubled since 2007 to reach 85 million in For example in the subsea business, with field developments becoming increasingly complex, including deepwater operations with higher pressure and more corrosive fluids, Technip is focused on technology as an optimization driver for its clients. Integrating new offers, whether through acquisitions or alliances, has also enabled us to build our leadership throughout the years. The acquisition of Stone and Webster Process Technologies in 2012 has strengthened and widened our offering and substantially enhanced our position as a technology provider to the refining and petrochemical industry. The acquisition of Zimmer Polymer Technologies, late 2014, furthers this approach and contributes to diversifying our onshore activity, adding new revenue streams based on technology supply. Our alliance with our partner Heerema which you can discover in greater details in this issue and with whom we have won our largest subsea contract to date, offers comprehensive subsea solutions through a unique combination of complementary assets, technologies and capabilities, and provides the industry with two strong and experienced contractors to address the ultra-deepwater market. To face the current changing environment Technip will have to prove creative in the solutions it offers its clients, providing them with a proactive response built on solid foundations, to help them rise to the challenges of the market and reduce the overall costs of developing oil and gas reserves. Technip is focused on technology as an optimization driver for its clients. I hope you will enjoy reading this new issue of Tomorrow. Thierry Pilenko Chairman and CEO Tomorrow-Technip-April 2015

4 Technip invested selectively in Strengthening its key differentiating assets to deliver its projects timely to clients, became an even more strategic priority for the Group in the current challenging oil and gas context. Focus on three out of seven plants which reinforce the Group s execution capabilities and demonstrate Technip s true manufacturing excellence. Manufacturing excellence at Technip Flexi France: investing in 40 years of expertise In October 2014, Thierry Pilenko announced an investment of 68 million will be made over four years to modernize Flexi France, Technip s French flexible pipe manufacturing plant. Flexi France, in partnership with IFP (French Petroleum Institute), conceived in 1971 what is today well-known technology for offshore oilfield developments: the flexible pipe. These hightechnology products manufactured by Flexi France and designed by PED (Product Engineering Division), the in-house R&D center of excellence for flexible pipe solutions, are exported all over the world. "With more than 40 years of know-how and technical excellence, they have attained an international track record second-to-none for innovation and reliability", outlines Hugues Berton, President at Flexi France. Flexi France s modernization project consists in the installation of new-generation machines, and the optimization of the site to accommodate 12 meter (m) diameter reels, on which flexible pipes are spooled. Increasing the reel capacity, from 9.6 to 12m in diameter, will provide room for twice as much flexible pipes on each reel. Technip s investment will also create a new area dedicated to testing the world s most sophisticated flexible pipes. This investment is part of Technip s innovation and differentiation strategy focusing on technology as an optimization driver for its clients. Field developments are becoming increasingly complex, including deep-water operations with higher pressure and temperature levels and more corrosive fluids. Strengthening further Technip s expertise and industrial capabilities on the Flexi France site will reinforce its global leadership in the production of flexible pipes, for a cost-effective development of the ever more challenging offshore oil and gas fields. Extrusion at Flexi France

5 4-5 Technip Umbilicals opened its steel tube umbilical (STU) manufacturing facility at Newcastle upon Tyne, UK - housed in one of the tallest singlestorey buildings in Europe at a height of 58m - in May The investment includes the world s most capable Known in Brazil as a pioneer in flexible pipe manufacturing Technip has been investing, for over 35 years, in R&D, new technologies and in its local assets. Striving to be at the forefront of the energy industry and the needs of our clients, the Group launched in March 2014, Flexibrás Açu, its second flexible pipe manufacturing facility in Brazil, at the Açu Port in Rio de Janeiro. Flexibrás Açu is the most modern flexible pipe facility, designed to supply the ultradeepwater pre-salt oil market Vertical Helix Assembly Machine at Newcastle Vertical Helix Assembly Machine (VHAM), a brand new extrusion line and two large capacity storage carousels. "This market leading facility enables the company to continue pushing forward the global subsea oil and gas market, in terms of safety, demands for pipelines with bigger diameters and more resistant materials. The new plant has the capability to produce flexible pipes with an internal diameter up to 22 inches, and can handle reels up to 500t. In October of 2014, the first commercial flexible lines were delivered for the Sapinhoá Norte field, the 7 th largest producing field in the country, in the presalt fields of Bacia de Santos. Besides large diameter pipelines, Flexibrás Açu will also be able to produce the New steel-tube umbilical manufacturing facility strengthens execution capability quality and delivery, thus reinforcing the Group s execution capability," explains Jean-Louis Rostaing, Managing Director, Technip Umbilicals. Planning the new factory involved sharing knowledge and best practice, with Technip Umbilicals Inc. in Houston, USA, who have been successfully operating a similar albeit smaller VHAM for almost 20 years, and extruder experience with Flexi-France, in Le Trait, France. As we explore deeper and more challenging environments, the STU manufacturing facility enables the company to remain at the forefront of the industry, with the capability to manufacture products designed to cope with higher pressures and temperatures, Flexibrás Açu: the most modern flexible pipe facility to meet pre-salt challenges Integrated Production Bundle (IPB), developed and patented by Technip. As part of Technip s commitment to invest in R&D, the Brazilian Flexible R&D Center and the Flexibras Technology Testing Center are focused on innovating, developing and and the increasing demand for longer more complex umbilicals. With numerous control systems, the VHAM ensures products are manufactured to the highest level of quality and safety, in-line with Technip standards. Complimentary to the existing thermoplastic umbilical capability of the group, the dedicated steel tube umbilical assembly machine creates dynamic solutions for all areas of the market. This ensures vertical integration for all products and services throughout the Group and Technip Umbilicals entities, reinforcing the company s world leading position in oil and gas products and services, and further developing manufacturing excellence. qualifying flexible pipe solutions for the pre-salt fields as well as performing dynamic and static tests aiming to simulate real pressure, temperature and loading conditions the flexibles are subjected to over the field design life. With Flexibrás Açu fully operational, Technip is able to meet the most demanding levels of service required by our clients and the industry as a whole, Adriano Novitsky, President of Technip in Brazil. Tomorrow-Technip-April 2015

6 In the North Sea, Technip has a strong track record in major project execution, and has recently experienced significant activities within offshore business, primarily engineering, procurement and construction (EPC) execution of various platform projects including Martin Linge topsides or Aasta Hansteen Spar hull. In addition, Technip has recently completed an engineering and procurement contract for the Valemon topsides. With the North Sea being an important market for major oil and gas players, it was essential for Technip to reinforce its knowledge of NORSOK standards. Inocean and KANFA: reinforcing Technip s execution capabilities in Norway Developing Technip s local engineering capabilities and knowledge of NORSOK standards Building up engineering capabilities at Technip in Norway enables the Group to perform front end study work, as well as FEED studies for North Sea based clients. Additionaly all the projects mentioned above have to comply with NORSOK standards which are developed by the Norwegian petroleum industry to ensure adequate safety, value adding and cost effectiveness for petroleum industry development and operations*. Having a good understanding of Norwegian requirements overall drove Technip strategy to build-up stronger NORSOK expertise in Norway through a strengthening of local teams, and earlier involvement on projects. Further, when relevant, NORSOK expertise will be shared and used by Technip s other execution centers in Paris, Kuala Lumpur or Houston. Thus, in 2014, to reinforce its position as partner of choice in the North Sea, Technip acquired a majority stake in Inocean and a 49% share in KANFA, two Norway-based companies. Inocean brings, on the one hand, regulatory competence within NORSOK standards and early-phase work to provide services to the oil and gas market, while, on the other hand, KANFA brings additional topside and process competence to Technip in the region and reinforces its presence in the North Sea offshore facility market. * Norsok standards, ly/1abdfar From left: Aslak Hjelde; Managing Director, KANFA, Christian Nygaard; Facility Director, Technip Norge, and Oystein Nilsen, CEO Inocean KANFA s main area of expertise: Inocean s main area of expertise: Topside/Process Concept and FEED Topside process modules/packages, typically less than 5,000t based on EPC contracts Process trouble shooting & training Marine hull & mooring Design, concept and FEED Engineering and yard supervision FPSO Conversion specialist Life extension studies FPS, MODU s (Drilling Rigs), Special Vessels & SURF Both companies have a long and successful track record in FPSOs. Inocean has, for example, performed over 20 FPSO conversions. Similarly, KANFA has designed and delivered several topside process modules/packages for FPSO s, working on numerous projects jointly with Inocean.

7 6-7 Strengthening execution capabilities through synergies Developing further synergies between teams has proved essential and to that effect a front-end engineering offshore working group is set-up for most engineering projects in Norway, including employees from Inocean, KANFA and Genesis, a leading worldwide front-end engineering consultancy belonging to Technip. Some 150 Norwaybased employees covering all disciplines can be part of this working group, and teams will be brought together for a project to work in one office, under single management to ensure better execution and continuity. Both Inocean and KANFA have a long track record working jointly together on numerous projects and will carry on doing so in the future. For most type of front-end studies the working group requires few or no subcontractors to fulfill typical client requirements. However, pending on size and complexity, it can draw on resources and experiences from the Technip Group. Hence clients benefit from the advantages of working with a small organization of experts and can also embark on larger and more complex projects with the Group s expertise. Execution models, highlighting how the project will be driven, where the engineers are based, which engineers and Technip offices will be executing procurement or construction responsibilities, are in place both for North FEED Concept Process EPC & Trouble Shooting Floating Production MODU s & Special Vessels Regulatory Compliance; NORSOK etc. Mutual use of each Technip Execution Centers Paris, Houston, KL CLIENT Sea projects assisted by other execution centers within Technip, but also for projects where the working group is assisting some of Technip s other Regions. Several projects are already underway making use of this new working group to strengthen execution capabilities. other when required Worldwide presence - 48 countries Large ressource base - 38,000 people First FPSO in gulf of Mexico with disconnectable turret. Inocean was responsible for basic and detail engineering of hull and mooring Courtesy of BW Offshore Acquiring a majority stake in Inocean and a 49% share in KANFA, have proven successful for all parties. Their capabilities have been a good fit for some of Technip s ongoing projects and thus have already contributed to increased activities. Similarly, through KANFA and Inocean s track record in servicing the Lease FPSO owners, has opened up a new area for Technip. For further information, please contact Christian Nygaard, Facility Director North Sea Canada cnygaard@technip.com Tomorrow-Technip-April 2015

8 Late 2012, Technip and Heerema Marine Contractors (Heerema) announced the signature of a five-year exclusive and worldwide alliance agreement where both companies will combine their capabilities to help their clients best attend the fast growing subsea ultra-deepwater market. Since then, the alliance has won one of the biggest ever subsea contract, Kaombo, and is aiming to take the partnership further. Overview of the alliance and its future, with Gérald Bouhourd, Group SVP Business Development & Strategy for Subsea, who s also in charge of this Alliance. Technip and Heerema addressing the subsea ultra-deepwater market A strategic alliance leveraging high-end assets and technologies Ultra-deepwater developments are some of the most challenging for clients. They require extensive project management skills and execution track-record, technology investment to optimize field design and provide solutions for high pressure, and increased pipe tension installation capability - creating a single team of industry experts thus became increasingly relevant. A common understanding of the subsea market, whereby ultra-deepwater projects are expected to be the most dynamic in coming years, drove. Technip and Heerema to come together Technip & Heerema share the same total commitment to safety. The alliance strategically tackles the need for: heavier pipes and subsea equipment ultra-deepwater larger developments with contracting interfaces increasing QHSE requirements. Technip s expertise in engineering, procurement, construction and installation (EPCI) of large subsea developments is complementary to Heerema s know-how in transport and installation (T&I) via its high-end assets for top tension pipelay above 500 tons (t), creating a unique combination of skills for clients. Partners leverage their key differentiating assets - Deep Blue which is part of Technip s fleet and Aegir and Balder which are part of Heerema s their strong presence worldwide, while Technip also leverages its vertical subsea integration. This provides the market with a differentiating and innovative offer. Deep Blue, Technip's leading deepwater pipelay and subsea construction vessel

9 8-9 A strong single player This alliance thus brings new solutions and possibilities to the market, helping develop complex fields such as Kaombo, a major subsea development offshore Angola, and to date, the biggest ever subsea contract won by Technip (see box below). The strongest advantage of this alliance remains the strengths of combining two leaders working as one and providing a single offering to customers. Typically for Kaombo, Technip leverages its national content working to produce umbilicals for the project in Angola, while Heerema draws its high-capacity, top tension capability with vessel Bolder. In a context of fierce competition, covering the entire ultra-deepwater value chain is a clear strength and driver for success for this new player. It opens-up a market to both companies and make the alliance a better-fit for proposals to develop complex fields, of the like of Kaombo. The future of the partnership Initially the alliance was signed for a fiveyear period. This new way of developing business providing a unique solution to address client s needs has proved so far positive, and has led its management wanting to develop it further. Early success with Kaombo, has anchored the alliance as being both material and substantial. Technip s double know-how in flexible pipes and rigid pipes supplemented by Heerema s expertise in top tension could benefit more clients in the future. The alliance will move forward in Brazil in the coming months to expand its presence in a more structured way via a dedicated joint-venture (JV) named Heerema Technip Brazil, which will be fully dedicated to deepwater rigid flowlines and risers solutions. This shows the alliance s commitment to address all rigid developments in Brazil for National and International Oil Companies. Technip locally is today mainly known for its flexible products, yet through the JV the rigid business should become more accessible and bring a new answer to the market. A long-term strategic alliance COMBINATION OF COMPLEMENTARY SKILLS FOR KAOMBO free free standing hybrid riser riser system (FSHR) Unique complementarity of capabilities for EPCI projects in complex environments Working together enabled Technip and Heerema to widen their subsea portfolio, and strengthen their positions in the oil and gas service value chain to attend current and future needs of the world subsea market. For further information, please contact gbouhourd@technip.com Tomorrow-Technip-April 2015

10 Technip s acquisition of Stone & Webster process technologies widened the Group's technology portfolio enabling Technip to position itself early on projects and offer technological services to its clients. The acquisition also brought with it 50% interest in Badger Licensing, a joint venture with an affiliate of ExxonMobil Chemical Company. Badger is principally engaged in developing, marketing and licensing process technologies to the petrochemical industry, with focus on the phenolics and styrenics sectors, and the refining industry, with proprietary technology to remove benzene from motor gasoline. Badger Licensing: commercializing innovative technologies A leading provider of proven technologies Rooted in a rich Boston history, Badger s legacy dates back to 1841, evolving from what was once a coppersmithing firm into a leading provider of aromatics alkylation, styrene and bisphenol A technologies worldwide. Badger s headquarters is co-located with Technip Stone & Webster Process Technology s office in Boston, Massachusetts, USA. Badger leverages Technip s expertise in this office to execute the process design packages associated with its licensed technologies. Additionally, just 30 minutes south of Boston is Technip s Research & Development Laboratory in Weymouth. The lab houses pilot plants that provide proof-of-concept for technology developments prior to commercialization and has played an instrumental role in developing Badger s technologies. In addition, many of Badger s technologies are based on zeolite catalysts developed by ExxonMobil Chemical Company, which also has labs that screen new materials to increase catalyst activity and selectivity. A Snapshot of Badger s Technology Portfolio * *indicated by Benzene Ethylene EB Max TM Styrene Propylene Olefin Reformate Cumene BenzOUT TM Process Phenol Phenolic Resins Bisphenol A Polystyrene SBR, ABS Polycarbonate Epoxy Resins Mogas Ethylbenzene Technology Badger introduced zeolitecatalyzed ethylbenzene technology with the startup of the world s first such plant in In the 1990s Badger commercialized liquid phase alkylation and work has continued with a focus on developing new solutions to increase plant reliability and operability. Badger s latest generation technology, EBMax Technology, which uses ExxonMobil Catalyst Technologies highly selective proprietary zeolite catalyst, has been licensed more than 30 times since 1995 to produce 45% of the world s ethylbenzene capacity.

11 10-11 Styrene Technology As a leader in styrene tech-nology for more than 50 years, Badger s name has become synonymous with reliability and long on-stream times. Together with an operating partner in Total Petrochemicals, Badger developed a technology that uses the lowest steam-to-oil ratio in the industry. Combined with patented Multi-Effect Distillation (MED), the technology provides the highest energy efficiency of any styrene process offered for license. Badger s innovation has continued beyond that with the development of Catalyst Stabilization (CST) and Direct Heating (DHU) Technologies. Today the number of plants using Badger s styrene technology represent approximately 40% of the styrene produced worldwide via ethybenzene dehydrogenation. BASF's EB/SM plant in Ludwigshaven, Germany Cumene Technology With the commercialization of the world s first zeolite catalyzed cumene technology in 1996, Badger revolutionized cumene production with a technology that resulted in substantial gains in yield, product purity and reduced capital investment. The technology uses ExxonMobil Catalyst Technologies proprietary zeolite catalyst, which offers superior stability, selectivity and activity at low ratios of excess benzene, allowing for the production of high quality cumene with long, uninterrupted catalyst cycle lengths. Today, cumene production worldwide is approximately 16 million MTA, more than half of which is produced using Badger s technology. Bisphenol A Technology BenzOUT Technology Badger s BPA technology is distinguished by its advanced ion exchange catalyst system and proprietary two-stage adduct crystallization, yielding extremely high BPA product purity, a requirement for polycarbonate production. The technology has been licensed 12 times and the resulting plants, totaling over 1.6 million MTA of capacity, represent nearly 25% of the total world BPA market and more than half of the licensed BPA market. Based on a technology platform developed by Shell Chemical Company, the technology was acquired by Badger in In late 2009, Badger and ExxonMobil Research & Engineering Company partnered to address the challenge faced by refiners to meet strict regulations on benzene content in gasoline. BenzOUT enables refiners to cost-effectively lower benzene content in gasoline without utilizing hydrogen while increasing the volume and octane value of the gasoline pool. Since 2010 Badger has licensed the technology three times, with one unit currently in commercial operation and another unit due to start up in Pushing the Envelope of Innovation In October 2015, Badger will hold its Technology Conference in Boston. This event brings together more than 200 industry experts from producers and vendors around the world to learn about the latest technology innovations. Badger s history of innovation and success in commercializing new technologies reinforces its position as a premier technology provider in the industry. For more information, visit or contact info@badgerlicensing.com Tomorrow-Technip-April 2015

12 Meet the world s energy challenges with Technip Technip is engaged with its clients to help them manage their project costs, through its range of technologies, products and services. Follow us on