Northern Norway Subsea Value Chain

Transcription

1 Reliable subsea production solutions Northern Norway Subsea Value Chain November Conference 2012 Technology & Business Development in the North Arne Bengt Riple Vice President, Aker Solutions SLS Who we are and what 2012 Aker Solutions Slide 2 15 November, 2012

2 Aker Solutions: who we are Employees: Contract staff: Revenues: 36.5 bn EBITDA: 3.5 bn Market Cap: 27.3 bn Provides oilfield products, systems and services for customers in the oil and gas industry world-wide Built on more than 170 years of industrial tradition Employs approximately people in more than 30 countries Revenues and profits are in NOK and for Market capitalisation as of 15 August Aker Solutions Slide 3 15 November, 2012

3 what we do through the life of field Exploration Geological interpretation Exploration drilling Production testing Development Concept, FEEDs Detail design, project mgmt Hook-up, completion and commissioning Production Process optimisation Secondary recovery, (IOR) De-bottlenecking Tie-ins Water, gas injection Tertiary recovery (EOR) Well intervention services Drilling upgrades Platform upgrades Lowpressure production Decomm Safe decomm and removal 2012 Aker Solutions Slide 4 15 November, 2012

4 where we are located Countries: 34 Locations: ~ 80 Angola Australia Azerbaijan Brazil Canada China Cyprus Denmark Egypt Equ. Guinea Finland France Germany Ghana India Indonesia Ivory Coast Japan Malaysia Nigeria Norway Oman Russia Saudi Arabia Singapore South Africa South Korea Sweden Thailand UAE Ukraine United Kingdom USA Vietnam 2012 Aker Solutions Slide 5 15 November, 2012

5 Norway: the world s largest offshore market Employees: In # of cities: 23 Established: 1841 Turnover: NOK 16bn Aker Solutions in Norway Global headquarters at Fornebu Main provider of field development engineering services on NCS Market leader within maintenance and modifications in North Sea, with market share of % 44 % share of Aker Solutions revenues 2nd most popular employer amongst engineer Customers include Statoil, Shell, BP, ExxonMobil, ConocoPhilips, BP, Eni, Total and Kvaerner Main offerings Drilling equipment Field development engineering MMO services Mooring and loading systems Process systems Subsea technologies Well services 2012 Aker Solutions Slide 6 15 November, 2012

6 Northern Norway exploration projections Remaining Resource Reserves as of 2012 Increased Activity Now that the oil and gas industry is moving further north, it is important for us to build up our capacity in Northern-Norway. - Tore Sjursen, Executive Vice President, MMO Source: NPD 2012 Aker Solutions Slide 7 15 November, 2012

7 Market Overview of the NCS North Sea Subsea CAPEX (includes both the UK/Norwegian North Sea & Barents Sea) ($MM): CAGR Actual: 91% CAGR Estimated: 42% Historical & Forecast Main Tree Awards Main Operators NCS Recent Awards 2 October - Visund susbea award from Statoil 2 October well service contract with Dong Energy 28 September Troll extension award with Statoil 27 June ExxonMobil Frame Agreement 8 June well services contracts for Statoil & Island Offshore 4 June Statoil development awards on NCS Skurgard, Havis, Johan Sverdrup Source: Quest Subsea Database 2012 Aker Solutions Slide 8 15 November, 2012

8 focus on increased oil recovery Troll field extension & beyond. Solution standarization Skuld award Refurbishment & Upgrade of XT PIT Stop Program New additions to the NCS client portfolio ENI, Lundin, Dong, Total, 2012 Aker Solutions part of Aker

9 technology developments & innovation Moving Compression Subsea Åsgard Ormen Lange (Pilot) New generation of WOS for Statoil fields Vigdis NØ, Troll, Skuld, Subsea wellintervention solutions will become a gamechanger in the market Creative, costeffective, custom solutions for vesselbased intervention services 19 April 2012 Slide Aker Solutions part of Aker

10 the northern Norway Strategy 2012 Aker Solutions part of Aker

11 the northern Norway Strategy Tromsø 11 Dec 2011 MMO Office established Stokke 17 Jul 2012 acquired Subsea House & SSH Engineering Hammerfest 2013 Subsea workshop facility establishment Narvik 1 Nov 2011 Purchase of well technology business Sandnessjøen 2 Feb 2012 Sandnessjøen Engineering acquired Sandnessjøen 26 Oct 2012 Acquisition of fabrication capacity 2012 Aker Solutions

12 Goliat contract personnel & activities First 3-4 years: people Year 7-20: people Project phase Building the base Training personnel Receiving and mobilising equipment Installation support Offshore support Engineering services Offshore Phase Storage and maintenance of equipment Spare parts services Offshore support (when required) Year 4-7: people Well intervention phase Storage and maintenance of equipment Spare parts services Offshore support Engineering services Upgrading services Well intervention Example: typical subsea service base activities and manpower requirements for a project the size of Goliat subsea Slide Aker Solutions part of Aker

13 Hammerfest facility personnel & activities Goliat New Contracts New Contracts New Contracts Future Discovery from 72 blocks First 3-7 years: people Year 7-12: people Year 12-20: 75+ people Slide Aker Solutions part of Aker

14 Subsea base at Ågotnes Employees Northern Norway Discoveries Green Fields Brown Field Focus, IOR Sucessful Awards, Tech Developments, Extension of Life of field Aker Solutions part of Aker

15 SLS, Ågotnes, Norway present & future Strategy Existing facilities Forecast Scenario SLS Norway New Workshops, Storage and Logistics Office facilities 400 people Subsea expansion plans: 430 new office seats 2 new workshops 1 new logistics hall 1 new storage Fig 1 Forecast revenue per market area (NOK 1000) - nominal 2012 Aker Solutions part of Aker

16 MNOK MNOK Subsea Lifecycle Partner Value chain satisfying market demand 2011 Ågotnes Supplier Spend Common Services Purchased Mnok 58% - Repair work on machining - Cladding - Coating - External rental of services personnel 0 Total Spend Norwegian Spend Northern Norway Spend (Hammerfest) Mnok 10 Mnok est Spend 2013 Estimated Spend 2012 Aker Solutions Slide November, 2012

17 supply qualification & information system (SQiS) Criticality description Criticality Level Requirements for Qualified Supplier List (QSL) High criticality level Quality of item is vital and must not be compromised Medium criticality level Quality of item is of significant importance Low criticality level Quality of item is of moderate importance 1 Qualification Level A Acceptable financial rating SQQ score > 70% Certified ISO 9001 or equivalent Approved quality audit Approved technical qualification 2 Qualification Level B or higher Acceptable financial rating SQQ score > 50% Quality system according to ISO 9001 or equivalent Approved quality audit 3 Qualification Level C or higher Acceptable financial rating SQQ score > 40% Quality system according to ISO 9001 or equivalent Negligible criticality Normal commercial quality acceptable 4 Qualification Level D or higher Acceptable financial rating SQiS implemended in 2011 Qualification, monitoring & performance evaluation system Fact based approach to supplier selection 2012 Aker Solutions Slide November, 2012

18 delivering value by living through our values 2012 Aker Solutions

19 Copyright and disclaimer Copyright 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. Disclaimer 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 Aker Solutions Slide November, 2012