A Leading Oil & Gas Services Provider

Transcription

1 A Leading Oil & Gas Services Provider September 2015

2 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 2

3 Saipem Today: A Major Multicultural E&C & Drilling Contractor Operating in more than 60 countries ~ 46,000 employees from >130 nationalities 29 engineering and project execution centers worldwide 11 fabrication yards in 5 continents Oil & Gas Production LNG Carrier Drill Ship LNG Regasification Gas Liquefaction Plant Pipelayer FSRU Refinery Drilling Rig Compressor Station Gas-to-Solids Semisubmersible Pipelay Vessel FPSO Field Development Ship Power Pipelaying Yard Heavylift Subsea Construction Vessel Semisubmersible Drilling Rig Petrochemicals Plant Sircos - Pipeline Repair System Beluga - Deepwater Trenching Machine ROV Remotely Operated Vehicle REVENUES B 2015 guidance ~12 B BACKLOG June 30, B Saipem: A Leading Oil & Gas Services Provider 3

4 A Leading Global EP(I)C General Contractor Engineering & Construction Full service EP(I)C provider Distinctive frontier focus in Oil & Gas industries Most modern, technologically advanced offshore construction fleet BUs Offshore, Onshore, Floaters Drilling High quality player onshore and in niches offshore Saipem: A Leading Oil & Gas Services Provider 4

5 An impressive track record over more than 60 years Engineering & Construction Designed and built: More than 100 grass roots complexes, 2,000 process units Over 130,000 km of land pipelines, sealines and trunklines In the last decade, more than 100 offshore EPIC projects, including groundbreaking deepwater achievements Drilling Drilled over 7,300 wells, of which 1,800 offshore Saipem: A Leading Oil & Gas Services Provider 5

6 Global Presence with a Multilocal Emphasis (1/2) Paris Rome Milan Fano Chennai EP(I)C Hubs Engineering Centres Yards & Main Logistic Bases Other Main Areas and Rep. Offices Saipem: A Leading Oil & Gas Services Provider 6

7 Global Presence with a Multilocal Emphasis (2/2) Human Resources 46,277 employees of 130 nationalities ( ) ( ) 31 st August, 2015 Saipem: A Leading Oil & Gas Services Provider 7

8 LTI and TRI Frequency Rates million hours worked HSEQ Top Saipem Priority LTI & TRI Frequency Rate Company performance , , , , ,000 1, ,000 50, Worked Manhours LTI Frequency Rate TRI Frequency Rate - Lost Time Frequency Rate is the ratio between number of incidents with loss of working days and total worked manhours (x ) - Total Recordable Incidents Frequency Rate is the ratio between number of total recordable incident and total worked manhours (x ) Saipem: A Leading Oil & Gas Services Provider 8

9 Moving to the next safety plateau Saipem s non-profit organization, to sponsor HSE studies, training programs, educational campaigns, etc. Results and methodologies available to the industry Saipem: A Leading Oil & Gas Services Provider 9

10 Choose Life campaign A campaign design to provoke Healthy Choices, specifically targeting 3 of the critical health challenges facing a globally operating company today Lifestyle Transmitable deseases Malaria 478 events partecipants (*) (*) June 30, 2015 Saipem: A Leading Oil & Gas Services Provider 10

11 Engineering & Construction Onshore Offshore Saipem Businesses and BUs BU Offshore BU Onshore BU Floaters BU Drilling Saipem: A Leading Oil & Gas Services Provider 11

12 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 12

13 Saipem E&C: Complete Range of EPC/EPIC Services PROJECT MANAGEMENT FEASIBILITY STUDIES TECHNOLOGY LICENSES PROJECT DEFINITION BASIC DESIGN FRONT END ENGINEERING, PROCUREMENT, INSTALLATION, CONSTRUCTION START-UP AND COMMISSIONING LEASE AND OPERATE MAINTAIN AND OPERATE REVAMPS, UPGRADES, MODERNIZATION DECOMMISSIONING ENV. REMEDIATION SAFETY, QUALITY MANAGEMENT Saipem: A Leading Oil & Gas Services Provider 13

14 Saipem E&C: Complete Range of EPC/EPIC Services Targeting even the most challenging and technologically advanced projects, offshore and onshore Emphasis on maximizing local presence and content Superior capabilities for harsh, remote and difficult environments Customized project and contracting solutions EPC, LSTK, EPIC, T&I, Cost-plus, Convertible, Lease & Operate Saipem: A Leading Oil & Gas Services Provider 14

15 Saipem Business Model Supply of complex solutions for even the largest and most challenging projects State-of-the-art know-how and top quality engineering High-tech fleet, unique in global markets STRONG PROJECT MANAGEMENT Broad, well-rooted, sustainable presence in strategic markets worldwide Maximum emphasis on Healthcare, Safety, Environmental and Quality values and culture Saipem: A Leading Oil & Gas Services Provider 15

16 Saipem in Drilling International drilling contractor operating both offshore and onshore 13 th largest contractor in offshore drilling, 2 nd largest contractor in onshore drilling international markets member of Specialization in deep water, harsh environments and remote areas Offshore positioning (total world*: 751 units, Apr. 15) Onshore positioning (total international markets*: 938 units, workover excluded, Mar. 15) *drillships, semisubs and jackups *excluding North America, China and Russia ( ) 30 th June, 2015 Saipem: A Leading Oil & Gas Services Provider 16

17 Saipem s Assets: Major Engineering Centres Saipem (Milan Italy) Saipem (Paris France) Saipem (Rome Italy) Saipem (Fano Italy) Saipem India Projects (Chennai India) EP(I)C HUBS ENGINEERING CENTRES Saipem Canada (Calgary - Canada) Moss Maritime (Oslo - Norway) Xodus Subsea (London UK and > 10 other locations) Snamprogetti Romania (Bucharest - Romania) Sofresid (Regional Offices - France) Snamprogetti Engineering & Contracting (Al-Khobar - Saudi Arabia) Saipem India Projects (New Delhi - India) Saimexicana (Mexico City - Mexico) Saipem (Rijeka - Croatia) Saipem do Brasil (Rio de Janeiro - Brazil) Saipem Indonesia (Jakarta - Indonesia) Saipem Contracting Algérie (Algiers - Algeria) SA.LI.CO. (Tripoli - Libya) Saipem (Vibo - Italy) Deepwater Engineering and Technology (Luanda - Angola) Saipem Contracting (Nigeria) (Lagos - Nigeria) Saipem (Sharjah - UAE) Saipem: A Leading Oil & Gas Services Provider 17

18 E&C Typical Project Execution Strategy Major Centre leadership on large complex projects PROJECT Complexity Size Saipem (Milan Italy) Saipem (Paris France) Major EP(I)C Hubs Guidance Saipem (Rome Italy) Saipem (Fano Italy) Saipem India Projects (Chennai India) Subcontracting EP(I)C HUBS ENGINEERING CENTERS Regional Engineering Centres Local leadership on small/medium projects Saipem: A Leading Oil & Gas Services Provider 18

19 Saipem s Assets: Fabrication Yards (*) Edmonton Yards - Canada Kurik Yard, Kazakhstan Edmonton Yards - Canada Kuryk Yard - Kazakhstan Arbatax Yard - Italy Rumaila Yard - Iraq Dammam Yard - Saudi Arabia Rumuolumeni Yard - Nigeria Pointe-Noire Yard - Republic of the Congo Karimun Yard - Indonesia Soyo Yard - Angola Ambriz Yard - Angola Guarujà Yard - Brazil Karimun Yard, Indonesia Guarujà Yard Brazil Rumuolumeni Yard Port Harcourt, Nigeria Ambriz Yard, Angola Soyo Yard, Angola (*) Construction support facilities worldwide not included Saipem: A Leading Oil & Gas Services Provider 19

20 Saipem s Assets: Offshore Construction Vessels Our offshore fleet exceeds 40 units Ultra-Heavy Lifting & Deepwater Pipelaying Field Development / SURF Lifting and DLB Normand Maximus Under construction Saipem 7000 Saipem FDS Saipem 3000 Castoro Otto Saipem FDS 2 Pipelaying Castorone Castoro Sei Castoro 10 Castoro XI Saipem: A Leading Oil & Gas Services Provider 20

21 Saipem s Assets: Drilling Units 17 offshore units and more than 100 onshore rigs Deep Water Saipem Angola Saipem Mozambique Scarabeo 9 Angola Scarabeo 8 Norway North Sea Scarabeo 5 Norway North Sea Onshore Jack-Up Perro Negro 8 Italy Desert Environment Algeria/Saudi Arabia Kashagan Field - Kazakhstan Heliportable Rig Ecuador/Perù Perro Negro 7 Saudi Arabia Saipem: A Leading Oil & Gas Services Provider 21

22 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 22

23 Saipem Ownership Market Cap. 3.9 December 31, 2014 Listed on Milan Stock Exchange Saipem: A Leading Oil & Gas Services Provider 23

24 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 24

25 Financials (B ) REVENUES NEW CONTRACT ACQUISITIONS BACKLOG , , , HF HF HF15 Saipem: A Leading Oil & Gas Services Provider 25

26 Major Global E&C Companies in Oil & Gas Markets Revenues in 2014 (B ) Saipem: A Leading Oil & Gas Services Provider 26

27 Balanced Exposure to Oil & Gas Industry: Backlog Analysis TOTAL BACKLOG AS OF December 31, 2014 = 22.1 B BY GEOGRAPHIC AREA BY CLIENT BY COUNTRY WITH MAJOR LOCAL-CONTENT FOCUS 1% 18% 24% 6% 9% 44% 25% 30% 6% 8% 13% 36% 4% 1% 19% 3% 5% 48% Middle East America Europe Asia Pacific West Africa North Africa CIS Saudi Arabia Brazil Nigeria Angola Canada Kazakhstan Other National Majors/Supermajors Independents Others Saipem: A Leading Oil & Gas Services Provider 27

28 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 28

29 Company Organization BOARD OF DIRECTORS Chairman P. A. COLOMBO Chief Executive Officer (CEO) S. CAO Internal Audit L. SIRI Chief Operating Officer (COO) G. CASELLI Chief Financial and Compliance Officer (CFCO) A. CHIARINI Human Resources, Organisation and Services for Personnel D. GALLINARI Integrated Risk Management A. RIVA Procurement, Contract and Industrial Risk Management P. FORMICA Quality Business and Technology Development Public Affairs and Communication Health, Safety, Environment and Sustainability A. CAREDDU D. BRKIC C. PALLADINO A. FORZAN Saipem: A Leading Oil & Gas Services Provider 29

30 Saipem Operations COO G. CASELLI COO Office BU Onshore E. MAGNANI Europe & North Africa J. L. CHASSAGNE C.I.S. & Caspian Sea a.i. G. CASELLI Project and Post Order Management A. GEBBIA BU Offshore S. PORCARI Central Africa G. D ALOISIO Southern Africa L. FURINI Engineering, Technologies & Commissioning A. CIPELLI BU Floaters F. PALLAVICINI Middle East G. SECCHI South East Asia & Oceania G. MARTELLI E&C Tendering P. BARCLAY M. PANTALEONE BU Drilling North America South America E. PALLIOTTO V. TESTAGUZZA L. CATTEDRI Saipem: A Leading Oil & Gas Services Provider 30

31 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 31

32 Local Content Maximization A cornerstone of Saipem s business philosophy Creation of long-term social and economic value Development of local skills Effective engagement of all stakeholders Develop/invest in local project execution centres Engineering Project Management Prefabrication Yards Procurement and Subcontracts with Local Suppliers Local hiring Training, know-how transfer Local partnerships HSE, medical training and assistance Objective: deeply rooted local sustainable presence Saipem: A Leading Oil & Gas Services Provider 32

33 Employees Local Presence: Saipem in Nigeria - Since the 1960s EP(I)C contracts with as many local resources as possible In construction Personnel employed by Saipem in Nigeria Egina Field Development- Total Upstream Nigeria Ltd. In construction 16.4 Km 15.4 Km Tunu: site camp 17.4 Km Okwori Field Development Scarabeo 3 - Addax Rumuolumeni Base, Saipem prefabrication and construction support yard at Port Harcourt Southern Swamp AG Solution SPDC Saipem: A Leading Oil & Gas Services Provider 33

34 Local Presence: Saipem in Canada Full service project execution centre, with international reach Upstream Pipelines Refining Oil sands processing Shale gas Business model based on EPC Innovative contractual and risk management schemes, new for the Canadian market Mastered exacting local project execution requirements Climate impact Modularization Pioneered new entry mechanisms for foreign labor Completed own prefabrication yards The only real local EPC contractor in Alberta, with full control of the entire work sequence and risk assumption Saipem: A Leading Oil & Gas Services Provider 34

35 Local Presence: Saipem in Iraq Sajer, a JV with local partners, registered in Iraq since 2009 Sajer Assets: Baghdad Head Office (Int. Zone) Rumailah: Camp, Logistics Base, Prefab Yard, Training Centre, Laydown Yard, Batching Plant Sharing people and assets with Saipem ME facilities Central Metering and Manifold Platform Loadout Iraq Crude Oil Export Expansion Project, South Oil Company Numerous projects under way Iraq Crude Oil Export Expansion Project Phase 2, Basra Oil Terminal, South Oil Company 4 EPC contracts for water treatment, processing plants and pipelines for ExxonMobil Iraq Ltd. In execution Umm Qasr Marine Terminal rehabilitation, Inlet Booster Compression Station, FCP Majnoon and other projects for Shell/Basra Gas Company In execution Rumailah Camp Facilities Drilling Operations Technical service agreement to support Iraqi drilling company Saipem: A Leading Oil & Gas Services Provider 35

36 Local Presence: Saipem in Brazil EPIC contracts for the Lula Norte, Sul and Extremo Sul Projects From occasional contractor to permanent player 8 major deepwater EPIC projects underway One Leased FPSO in operation offshore Vitoria 3 rigs deployed for onshore drilling Lula Extremo Sul Project Application of highly specialized ultra-deep water fleet Rio Engineering Centre New flagship Saipem FDS 2 vessel, ideally suited for Pre-Salt ultra-deepwater project execution FPSO Cidade de Vitoria Rio Polimeros Chemical Complex (completed in 2005) Guarujá Yard Guara & Lula NE Pipelines Lula NE Cernambi (Picture of Saipem FDS 2 vessel that will perform the offshore activities) Developing new Guarujá Yard and Engineering Centre in Rio Within the industrial hub of Santos, the largest port and industrial area in Brazil Strategically located to support development of new ultra-deep water Pre-Salt fields Fabrication of subsea and floating structures and supply of support services to the specialized fleet and project execution Saipem: A Leading Oil & Gas Services Provider 36

37 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 37

38 Saipem Strategy Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream, as well as in selected diversified businesses OIL & GAS PRODUCTION AND PROCESSING PIPELINES DOWNSTREAM OIL GAS DRILLING UPSTREAM OFFSHORE FIXED FACILITIES SUBSEA FIELD DEVELOPMENT FLOATERS ONSHORE OFFSHORE OIL REFINING GAS LIQUEFACTION GAS-TO-LIQUIDS GAS-TO-SOLIDS IGCC LNG REGASIFICATION POWER PETROCHEMICALS INDUSTRIAL MARITIME WORKS INFRASTRUCTURES ENVIRONMENT & RENEWABLES MAINTENANCE & OPERATIONS Saipem: A Leading Oil & Gas Services Provider 38

39 Advanced Subsea, Offshore and Onshore Technology Development Subsea Field Architectures FLNG tandem offloading system SpoolSep SIR Riser Flowlines with PiP, heating, liners, SURF Riser concepts : SIR, BIRD, Forged ends PIP Plastic liners : FBJ Active heating for pipe in pipe Welding Subsea Processing Gas/liquid separation : Multipipe Liquid/Liquid separation : SpoolSep Seawater treatment: SPRINGS Floaters Multipipe SPRINGS Offshore LNG offloading FLNG technologies Dry tree Unit (WHB) Advanced Welding & Pipelaying Techniques Ultra-shallow, ultra-deep, Arctic pipelaying Productivity acceleration Exotic and clad materials Process Technologies SpoolSep Multipipe FLNG facility "Zero emissions" urea synthesis Environment and remediation control Saipem: A Leading Oil & Gas Services Provider 39

40 Mega-projects Under Way, Onshore Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco, Saudi Arabia (Pictured: Khurais Field Development Project) Socar & Turcas Aegean Rafineri Turkey (Vision 2023) Jazan Refinery Pckgs 1&2, Saudi Aramco, Saudi Arabia Al-Zour New Refinery Project (NRP) Pckgs 4 & 5, KNPC, Kuwait Phase III Tunu Okupushi Chevron, LNG Loading Jetty Gorgon - Australia Fertilizer Complex Dangote Fertilizer Ltd., Nigeria EPDM Rubber Plant Versalis, Italy Shedgum-Yanbu Pipeline, Saudi Aramco, Saudi Arabia South Caucasus Pipeline, Azerbaijan Georgia Pipeline El Encino, Mexico Water Pipeline System - Chile CNRL Horizon Secondary Upgrader, Phases II and III - Canada(Picture of CNRL Phase I) Benisede Ogbotobo Southern Swamp Associated Gas Solution SPDC Nigeria Saipem: A Leading Oil & Gas Services Provider 40

41 Major EPC Projects Under Way, Onshore High Speed Railway RFI Italy Regasification Terminal Polskie LNG Company Poland South Caucasus Pipeline Expansion Shah Deniz Consortium Azerbaijan-Georgia STAR Rafineri A.S. Grassroots Refinery Turkey West Qurna ExxonMobil Iraq EPDM rubber plant expansion VERSALIS Italy Zubair Gathering System ExxonMobil Iraq Horizon Oil Sands Canadian National Resources Ltd. Canada Al-Zour New Refinery Project (NRP) Packages 4 and 5 KNPC Kuwait Topolobampo Gas Pipeline Transcanada Mexico Rabigh II Complex Saudi Aramco/Sumitomo Saudi Arabia Shedgum Yanbu Pipeline Loop 4&5 Saudi Aramco Saudi Arabia Pipeline El Encino, Transcanada Mexico Jazan Refinery, Packg.s 1 and 2 Saudi Aramco Saudi Arabia Water Pipeline System CODELCO Chile Khurais Mazalij and Abu Jafan fields New facilities Saudi Aramco Saudi Arabia Shell Petroleum Development Otumara-Saghara-Escravos Gas Pipeline Nigeria SSAGS Facilities SPDC Nigeria Ammonia and Urea production complex Dangote Fertilizer Ltd Nigeria Litchendjili Gas Treatment Plant Eni Congo Congo LNG GL3Z Arzew Sonatrach Algeria Shah Gas Development Project Abu Dhabi Gas Devel. Co. Ltd. United Arab Emirates 0615 Saipem: A Leading Oil & Gas Services Provider 41

42 Mega-projects Under Way, Offshore and Floaters Petrobras, Brazil Pre-salt Projects Lula Norte, Lula Sul, and Lula Extremo Sul Pipelines and Riser Systems P55 Brazil (Pictured) Sapinhoa Norte and Cernambi Sul Guara & Lula NE Export Pipelines- Brazil (Pictured) Recently awarded Two FPSOs for Kaombo - Field Dev. Project, Block 32 Total, Angola Egina Field Development, Total, Nigeria Shah Deniz Stage 2, BP Exploration, Azerbaijan Just awarded First Deepwater Field Developed in the South China Sea Castoro Otto FPU for Jangkrik Complex Project Dev. Eni M.B., Indonesia Al Wasit Gas Program Saudi Arabia New offshore structures (Part of Long Term Agreement) Saudi Arabia Ichthys Gas Export Pipeline Australia Liwan 3-1 Field - China (Picture of the Saipem FDS 2 vessel that will perform the offshore activities) Saipem: A Leading Oil & Gas Services Provider 42

43 Major EPIC and T&I Projects Under Way, Offshore and Floaters Lakach field development Pemex Mexico Various platform and pipeline installations North Sea Filanovsky Field Export pipelines and T&I activities Lukoil Russia Kashagan field Pipeline Installation North Caspian Operating Company Kazakhstan Shah Deniz Stage 2 BP Azerbaijan Lula Norte, Lula Sul and Lula Extremo Sul project Petrobras Brazil Al Wasit Gas Program Arabiyah and Hasbah fields development Saudi Aramco Saudi Arabia FPSO Cidade de Vitoria Petrobras Brazil (Leased - in operation) Long Term Agreement Offshore Maintain Potential Program Saudi Aramco Saudi Arabia New Offshore Structures Saudi Aramco Saudi Arabia Sapinhoa Norte and Cernambi Sul SLWR and FSHR Petrobras Brazil FPU for Jangkrik Complex Project Eni Muarau Bakau Indonesia Ichthys Gas Export Pipeline INPEX Australia Sapinhoa Norte and Iracema Sul Project Petrobras Brazil Egina Field Development Total Nigeria FPSO Gimboa Sonangol Angola (Leased - in operation) FPSO Units for Kaombo Field Dev. Total Angola Kizomba Satellites Phase 2 Tiebacks Esso Angola 0615 Saipem: A Leading Oil & Gas Services Provider 43

44 Saipem Drilling Business Unit: Key Utilization Data % of utilization offshore drilling % of utilization onshore drilling 100% 100% 90% 90% 80% 80% 70% 70% 60% '09 '10 '11 '12 '13 '14 60% '09 '10 '11 '12 '13 '14 deep water floaters high specs jackups heavy rigs light rigs mid water floaters standard jackups medium rigs all fleet tender assisted Utilization rate significantly higher than the average of competitors Saipem: A Leading Oil & Gas Services Provider 44

45 Saipem Offshore Drilling Fleet Deployment (July 2015) Scarabeo 8 (6nd gen semi) Scarabeo 5 (4nd gen semi) S10000 (drillship) Scarabeo 6 (3nd gen semi) Scarabeo 4 (2nd gen semi) Perro Negro Perro Negro 4 Perro Negro 7-8 Scarabeo 3 (2nd gen semi) Deep Water Floaters Mid Water Floaters TAD Scarabeo 9 (6th gen semi) Scarabeo 7 (5th gen semi) High Specs Jackups S12000 (drillship) Standard Jackups Tender Assisted Logistic Bases Saipem: A Leading Oil & Gas Services Provider 45

46 Saipem Onshore Drilling Rigs Deployment (June 2015) Italy 2 RIG Kazakhstan 8 RIGS Colombia 7 RIGS Venezuela 28 RIGS Mauritania 1 RIG Tunisia 1 RIG Turkmenistan 1 RIG Saudi Arabia 28 RIGS Ecuador 3 RIGS Peru 24 RIGS Congo 2 RIGS Bolivia 4 RIGS Chile 2 RIGS Saipem: A Leading Oil & Gas Services Provider 46

47 Contents Highlights HSE and Q Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities Saipem: A Leading Oil & Gas Services Provider 47

48 Mega Oil Projects Upstream Saudi Aramco, K.S.A. Flagship projects to bring huge new gas and oil production capacity on stream quickly Individual project values: > 2 bn $ each Last years total awards: > 12 bn $ New Convertible contract structures: FEED (Cost-plus) With pre-agreed formulae EPC (Lump Sum) Source: Saudi Aramco (2007) Khurais Oil Field: Saipem awarded 60% of total investment Qatif Central Producing Facilities Khursaniyah Processing Facilities Khurais WIPS Qurayyah Sea Water Treatment Khurais Utilities Package Manifa Central Processing Facilities Saipem: A Leading Oil & Gas Services Provider 48

49 Other Recent Large Oil & Gas Production Project Awards Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco, Saudi Arabia (Pictured: Khurais Field Development Project) Recently awarded SPDC, Delta State, Nigeria Southern Swamp Associated Gas Solution In progress 16.4 Km 15.4 Km 17.4 Km Tunu: site camp Saipem: A Leading Oil & Gas Services Provider 49

50 Floating Oil and Gas Production Latest Award Designed and completed: 9 new built floating production systems, including 3 large scale projects with storage capacity exceeding 2 million barrels of oil 6 converted FPSOs under Lease & Operate contracts (3 in operation) FPU for Jangkrik Complex Project Eni Muara Bakau Indonesia Latest Award Continuously developing new concepts and top quality engineering services, including the design of more than 20 semisubmersible units. Two FPSOs for Kaombo Field Development Project, Total, Angola Total, Dalia FPSO, Angola ExxonMobil, Erha FPSO, Nigeria Saipem: A Leading Oil & Gas Services Provider 50

51 Complex Integrated Offshore Fixed Facilities Completed more than 100 offshore EPIC projects over the last ten years, including several challenging large-scale integrated complexes BP, Shah Deniz Field (general layout), Azerbaijan EPIC flagship projects: Bahr Essalam Full Field Development: Gathering sealines, export trunklines, subsea production system, production platform Al Wasit Field Development: Complete system, including 12 wellheads, 2 tie-in and 1 injection platforms, 200 km export trunkline offshore, 120 km onshore pipeline, service pipelines and sealines, marine works Shah Deniz Stage 2 T&I of jackets, topsides and subsea production systems and subsea structures; laying of over 360 km of pipelines; diving support services; upgrading of main installation vessels Close to completion Latest Award Under Execution South Oil Company, Iraq Crude Oil Export Expansion Project, Phase 2 (Picture of Castoro otto installing similar platform) Saudi Aramco, Saudi Arabia, Al Wasit Gas Program Agip Gas B.V., Libya Bahr Essalam Full Field Development Saipem: A Leading Oil & Gas Services Provider 51

52 Platforms Installation Saipem 7000 installing platform accommodation module Sakhalin Island, Russia, integrated deck floatover installation Installed 2.5 million tons of offshore structures Heaviest lift record: 12,100 t integrated deck Floatover and heavy lift techniques Jacket launch Saipem: A Leading Oil & Gas Services Provider 52

53 Subsea Deepwater Field Development Under Execution Elf Petroleum Nigeria, Usan, Nigeria EPCI of subsea system connecting 42 wellheads to FPSO, with export sealines Egina Field Development - Nigeria Gazprom, Sakhalin 3, Russia (*) Not deepwater Currently Under Execution Burullus Gas Company, West Delta Deep Marine Project, Egypt (Picture of Saipem FDS operations in Egyptian waters) Designed and executed more than 20 major deepwater systems in the last ten years Numerous high technology proprietary solutions available for risers and flowlines Under way: Egina Field Development, for Total Upstream Nigeria Ltd. EPIC Contract for Umbilicals, Flowlines and Riser System Sapinhoa Norte and Cernambi Sul Project for Petrobas EPIC contract for Steel Lazy Wave Riser and Free Standing Hybrid Riser for the gas export systems Saipem: A Leading Oil & Gas Services Provider 53

54 Sonsub Remote Subsea Technologies Full service deepwater intervention capabilities: Construction Services Diverless Tie-in and Pipeline Repair Systems Diving Operations Specialist Tooling & Engineering Survey & Positioning Services Dedicated fleet of 11 Construction Support Vessels and Several ROVs More than 200 subsea inspection, maintenance, repair and support services completed world-wide in the last 20 years Deepest recovery operation of oil from tanker at 3,850 m water depth (Repsol, Prestige) Deepwater sealine repair system Bar Protector Dive support and construction vessel Innovator 250 Heavy duty ROV Repsol, Spain, Prestige Deepwater oil recovery Saipem: A Leading Oil & Gas Services Provider 54

55 Refining and Heavy Oils Conversion World-wide track record 37 grass-roots refineries In the last decade, emphasis on Bottoms-of-the-Barrel upgrading 30 hydrocrackers, H-Oil and LC Finers CNRL - Canada Eni - EST Sannazzaro Refinery Staatsolie Maatschappij Suriname N.V. In Execution In Execution In Execution In Execution In Execution Recent focus: EST First Commercial Unit for Eni R&M Staatsolie, Suriname, refinery expansion (modular) 2 desulfurization and amine units for Pemex - Refinacion, Mexico Canadian projects CNRL Horizon Upgrader Phases II and III - FEED and EPC Reformer and Aromatics Complex for Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia Aegean Refinery Project 212,000 BPSD Grassroots Refinery Aliaga, Turkey Jazan IGCC Complex Saudi Aramco Saudi Arabia 15 gasifiers, plus H 2, ACR, Soot Ash Removal, Sulfur Recovery and other units Al-Zour New Refinery Project (NRP) for KNPC Packages 4 and 5, Kuwait Saipem: A Leading Oil & Gas Services Provider 55

56 IGCC-Integrated Gasification with Combined Cycle Designed and built the two world largest IGCC plants 0n stream Significant interrelationships EPC/Project Financing requirements Integration of many technologies and proprietary equipment Contributed to technology optimization and development (E.g. Reactor redesign) GE (then Texaco) and Shell technologies Designing and building the world largest gasification project Saudi Aramco Jazan IGCC Latest Award 15 gasifiers, plus H 2, ACR, Soot Ash Removal, Sulfur Recovery and other units for new grassroots refinery in Jazan, KSA Feed Vapor Oxygen 512 MWe 550 MWe 250 MWe Syngas Quench water Soot water View of a tipical Sulphur Recovery Unit ISAB, Priolo - Italy Sarlux, Sarroch - Italy Eni R&M Sannazzaro - Italy Saipem: A Leading Oil & Gas Services Provider 56

57 Gas to Market Processing 20 Integrated Natural Gas Complexes Designed and built > 200 process units Abu Dhabi Gas Development Co. Shah Gas Development Program EPC Packages 2, 3, 5 Individual project values > 1 bn $ Saipem: A Leading Oil & Gas Services Provider 57

58 Gas to Market Onshore Transportation Systems - Pipelines Leading global E&C contractor for oil and gas pipelines Over 60,000 km of gas pipelines > 90 compressor stations (~3,000 MW) Hawiyah Gas Pipeline System Saudi Arabia 30,000 km of oil & product pipelines 40 pumping stations (~2,100 MW) 1,400 km of water pipelines 11 Pumping Stations (~130 MW) BS Kuwait BS Kuwait Topolobampo Gas Pipeline Transcanada Mexico South Caucasus Pipeline Azerbaijan Georgia, Shas Deniz Consortium In Construction Latest Award Alinta - Australia Kashagan - Caspian Sea Water Pipeline System 160 km, reaching heights of 3,000 metres CODELCO, Chile Latest Award NAOC GTS4 - Nigeria Saipem: A Leading Oil & Gas Services Provider 58

59 Gas to Market Offshore Pipeline Systems Completed ahead of schedule in April 2012 Nord Stream Gas Pipeline Baltic Sea 1224 Km, 48 Castoro 6 On duty for Nord Stream Saipem 7000 Inpex - Ichthys LNG Project - Australia (Picture of Castorone vessel that will perform the offshore activities) Installation underway Leader in deepwater and shallow water pipelaying: laid over 35,000 km of sealines Designed and laid the most challenging offshore pipelines since the 70s Numerous complex mega-projects under way in Brazil, Australia etc. New state-of-the-art, high productivity Castorone pipelaying vessel for very large diameter pipes in sub-arctic conditions and in deep waters Saipem: A Leading Oil & Gas Services Provider 59

60 Flagship Integrated Mega-project: Kashagan Experimental Program Kashagan Field Major offshore and onshore integrated project for the production of crude oil and associated gas: Offshore artificial islands for drilling, process and utility facilities Oil and gas export system New onshore processing facility Saipem s scope: EPCI of trunklines and production flowlines Transportation & installation of piles, flares and modular units Fabrication of structures Hook-up and commissioning Drilling of multiple wells from artificial islands Developed locally purpose-built construction fleet and unique taylor-made pipelaying techniques and equipment Two 95 kilometer pipelines, connecting D island in the Caspian Sea to the Karabatan onshore plant in Kazakhstan Latest Award Saipem: A Leading Oil & Gas Services Provider 60

61 Flagship Pipeline Integrated Mega-project: Sakhalin II Client: Sakhalin Energy Investment Co. (SEIC) Saipem main contractor - multibillion EPC contracts Oil & gas twin 780 km land pipeline system Oil: 24 Gas: 48 > 80 MM construction man-hours Driven > 150 MMkm Built over 5,000 km of temporary access roads Several segments of sealines and subsea power and communication cables Offshore transportation and installation of two massive integrated platform decks Very challenging logistics: Remote and inhospitable terrain T < -45 C, frost Snow storms Mountains, slopes >15 Start-up Dec Shell CEO 2008 Safety Award Saipem: A Leading Oil & Gas Services Provider 61

62 Gas to Market LNG NG Liquefaction 1 st multi-billion $ contract as Main Contractor to design and execute a world class 4.7 MTPA LNG project Completing start-up To date, designed and built 9 other LNG trains, 35 MTPA total capacity Several FEED and pre-epc projects under way for major new projects in Canada, Mozambique etc. Major synergies with Saipem s long-standing experience and capabilities in marine works and LNG tankage Arzew - LNG GL3Z - Algeria RasGas, Ras Laffan - Qatar EPC Trains 3 5 NLNG, Bonny Island - Nigeria, Trains 1 6 EPC / Train 7 Plus Saipem: A Leading Oil & Gas Services Provider 62

63 Gas to Market LNG Import / Storage / Regasification Extensive proprietary technology and expertise Designed and built: 12 world scale LNG terminals More than 40 LNG tanks Pioneer in new technologies for treatment, storage, handling of liquefied gas Canaport LNG - Canada Close to Completion LNG Import Terminal Zeebrugge - Belgium LNG Import Terminal Chengtoujiao, Guangdong - China Fos Cavaou Marseille - France Polskie LNG Terminal Swinoujcie - Poland Saipem: A Leading Oil & Gas Services Provider 63

64 Floating LNG Regasification and Liquefaction First FSRU worldwide positioned offshore Combining onshore and offshore engineering and construction competencies with the emerging conversion / new built floating LNG market Petrobras, LNG FPSO, FEED Several designs and FEED studies developed and under way Significant R&D effort way Floating Hose Development with Trelleborg Azure, Deepwater LNG FPSO for mild environments, Joint Industry Project OLT, FSRU Toscana, Italy Broadwater FSRU, USA, pre-feed and ITT preparation Saipem: A Leading Oil & Gas Services Provider 64

65 Gas to Market Gas-to-Liquids Chevron Nigeria Ltd. - Escravos, Nigeria One of three world scale GTL projects (34,000 bpsd) Sasol process to produce premium diesel from natural gas ATR - New Syngas production technology from Haldor Topsoe Multibillion $ contract, in JV with KBR Modules Fabrication in Abu Dhabi Oxygen Natural Gas + Steam Single module Module loading Modules shipment GTL site - Nigeria GTL site - Nigeria Syngas Saipem: A Leading Oil & Gas Services Provider 65

66 Gas to Market Ammonia Urea Complexes Ammonia 2,194 t/d Urea 3,835 t/d Snamprogetti Urea Technology: More than 130 licenses world-wide Designed and built more than 30 large Ammonia/Urea complexes Engro Chemical Pakistan Ltd. Daharki - Pakistan World largest complex in operation (2 trains): World largest single train complexes: 3 on stream 2 in design and construction 3 in design preparation Jumbo single train - ready! >5,000 t/d Urea 3,850 t/d Urea >5,000 t/d Urea Ammonia 2 x 2,300 t/d Urea 3,850 t/d Qafco-5 - Qatar Ammonia 2 x 2,200 t/d Urea 2 x 3,850 t/d Dangote Complex, Nigeria Ammonia 2 x 1,750 t/d Urea 2 x 2,530 t/d Omifco - Oman Saipem: A Leading Oil & Gas Services Provider 66

67 Petrochemicals Ethylene (520,000 t/y) LLDPE (2 x 250,000 t/y) Engineered and built most advanced petrochemical plants 5 Ethylene 13 HD/LLDPE 10 LDPE 3 Styrene Access to first class technologies Univation Dow ExxonMobil Versalis Lummus Global RIO POLIMEROS, Rio de Janeiro - Brazil Latest Award Expansion of the Ethylene Propylene Diene Monomer plant Versalis, Ferrara, Italy Dushanzi China Ethylene PE, Brindisi - Italy UNIPOL Qatofin - Qatar LLDPE (450,000 t/y) Petrochina Dushanzi Petrochemical Co. SSBR (100,000 t/y) SBS (80,000 t/y) Saipem: A Leading Oil & Gas Services Provider 67

68 Power Plants Designed and built over 10,000 MW (EPC basis) Natural gas and syngas, combined and single cycle, combined heat and power, waste to energy Italy, France, Algeria, Nigeria Ferrera Erbognone - Italy Ansaldo, GE, Alstom, Siemens turbines Berrouaghia - Algeria Ravenna - Italy Dombasle - France Okpai - Nigeria Afam - Nigeria Saipem: A Leading Oil & Gas Services Provider 68

69 Infrastructure Italian High Speed Railway System Milan-Bologna 182 km Main Contractor for Design and Construction (Single Contract > 6 B ) Inaugurated in 2008 Milan-Verona 112 km Basic and Front End designs completed EPC started on Milan-Brescia stretch Under Way Ruwais - Shah, Habshan (U.A.E.) 265 km EPC Railway Track Milan-Bologna Po river crossing Calatrava road bridge Shah-Ruwais Railway track Saipem: A Leading Oil & Gas Services Provider 69

70 Environment & Renewables Business Line with core team of dedicated specialists integrated into global Saipem organization Full Environmental Services Provider: Contaminated sites remediation Water and waste treatment plants and management Ecology, monitoring and emissions abatement Groundwater Treatment Plant Porto Torres - Italy Developing of new environmental and renewable technologies and systems CCS programs Site Remediation Priolo - Italy Electrochemical Remediaton Technology Physical Barriers at Porto Marghera - Italy Saipem: A Leading Oil & Gas Services Provider 70

71 Marine Works Innovative structures Optimization of overall facilities layout In-house specialist expertise: Coastal Engineering Structural Design Hydraulic Testing Foundation Engineering Construction Methods Shore-line facilities for onshore projects Jetties & Berths Oil & Gas Marine Structures Ports & Container Terminals Recent awards: Breakwaters Waterfront Developments Ammonia/Urea jetty, Arzew, Algeria (Sonatrach) LNG loading jetty, Barrow Island, Australia (Chevron) Bulk unloading and loading jetty, Sohar Port, Oman Tangier II Port Project, Morocco (TMSA) Pointe Noire Container Quay, Republic of the Congo Puerto Nuevo Export Terminal, Colombia Guangdong LNG - China Callao Container Terminal, Lima Peru Costa Azul Mexico Tangier Harbour Morocco Melchorita LNG Peru Saipem: A Leading Oil & Gas Services Provider 71

72 Offshore Decommissioning Successfully completed 7 decommissioning projects in the last decade in the North Sea, Mediterranean and Gulf of Mexico Flagship project example - Frigg Field Decommissioning for Total E&P Norge: Platforms (topsides and jackets) and related subsea facilities Project duration: 5 years up to 2010 Scope: engineering, preparation, removal, transportation and disposal 340 days of offshore activities by Saipem 7000 Removed 85,000 tons of structures Over 2 million man-hours without LTIs Developed innovative seafastening techniques and substructure removal methods Saipem: A Leading Oil & Gas Services Provider 72

73 Maintenance, Modifications & Operations Global O&M Services around 3 main products: 1. Maintenance & Inspection Engineering CMMS, Assets register, RCM, RBI Spare parts management Training services Special studies 2. Operations & Maintenance Long-Term Contracts Technical expertise QHSE continuous improvement plans On-the-job training programs Local content and nationalization 3. Modifications & Turnaround Projects Project management Engineering & procurement services Fabrication support from local yards Installation capabilities Leverage on continuing in-country local presence Saipem: A Leading Oil & Gas Services Provider 73

74 Saipem: A Leading Oil & Gas Services Provider