Pareto oil & offshore conference Jan Arve Haugan ... · PDF file Industry drive to reduce...

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Transcript of Pareto oil & offshore conference Jan Arve Haugan ... · PDF file Industry drive to reduce...

  • © Kvaerner 2012

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    12.09.2012

    Pareto Oil & Offshore conference

    Jan Arve Haugan, President & CEO Holmenkollen Park Hotel, 12 September 2012

    Topside weight:

    21 000 tonnes

    Height:

    257.4 metres

    Width:

    185.5 metres

    Jacket weight:

    14 500 tonnes

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    12.09.2012

    This is Kvaerner

    2

    NORTH SEA

    Topsides

    Floaters

    Onshore upstream

    facilities

    Leading EPC

    contractor to the

    North Sea market

    UPSTREAM

    INTERNATIONAL

    Topsides

    Floaters

    Onshore upstream

    facilities

    Spearhead for

    international

    expansion

    CONCRETE

    Concrete

    substructures

    Global leader in

    gravity based

    concrete structures

    JACKETS

    Large steel

    jackets for oil &

    gas installations

    European leader in

    steel jackets

    DOWNSTREAM &

    INDUSTRIALS

    E&C AMERICAS

    Power plants

    Steel mills

    A leading EPC

    contractor for the

    American market

    3 200 employees in 9 countries

    Revenues of NOK 13.3 billion in 2011

    Order backlog of NOK 23 billion at 30 June 2012

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    12.09.2012

    Strive for zero harm to people, the environment and property

    Require every employee to take personal responsibility for HSE

    All incidents can be prevented

    HSE – licence to operate and an effective way to work

    3

    0,0

    1,0

    2,0

    3,0

    4,0

    Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun

    LTIF TRIF

    Lost time incident frequency (LTIF) and Total recorded incident frequency (TRIF)

    Per million work hours and 12 months rolling averages

    3.0

    0.5

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    12.09.2012

    Strong market in all target regions

    4

    North Sea

    High number of

    prospects

    New contract awards

    expected next 6-12

    months

    Arctic Russia

    Strong future market

    in Kara Sea and

    Sakhalin

    Kara Sea exploration

    drilling expected

    from 2014

    Caspian

    Strong future market,

    uncertain timing

    Development of

    delivery model

    Asia Pacific

    Browse FID

    expected 1H 2013

    Multiple

    opportunities within

    next 24 months

    Delivery model

    established

    North America

    Gas fired power

    plant market

    Healthy US steel

    market

    Contract awards

    somewhat delayed

    Atlantic Canada

    Operators increasing

    Arctic activities

    Long term

    opportunities

    STRATEGIC AND SELECTIVE APPROACH REQUIRED

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    12.09.2012

    Source: Rystad Energy, Kvaerner analysis

    Prosperous market view upon establishing Kvaerner

    last spring

    5

    Global offshore E&P spend for EPC by year

    USD million

    0

    10 000

    20 000

    30 000

    40 000

    50 000

    60 000

    70 000

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Market view, spring 2011

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    12.09.2012

    Source: Rystad Energy, Kvaerner analysis

    Several discoveries the last year, particularly on NCS

    6

    0

    10 000

    20 000

    30 000

    40 000

    50 000

    60 000

    70 000

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Market view August 2012

    Market view, spring 2011

    Global offshore E&P spend for EPC by year

    USD million

    Kvaerner’s target regions

    and North Sea represents

    ~45% of the global offshore

    EPC market until 2020

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    Future NCS topside demand of 37’ tonnes per year

    7

    0

    10000

    20000

    30000

    40000

    50000

    60000

    1980 1985 1990 1995 2000 2005 2010 2015 2020

    Kvaerner Other Future

    Topside tonnes delivered historically and forecasted demand Metric tonnes

    Future NCS topside

    demand ~37’

    tonnes per year

    High share

    concrete

    developments

    Future peak NCS

    topside demand ~45’

    tonnes per year

    Source: Rystad Energy team research and analysis, Kvaerner data

    High

    onshore

    activity

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    Industry drive to reduce time to first oil

    8

    Source: www.upstreamonline.com, www.offshore.no,Tekninsk Ukeblad

    Strong focus on execution time, quality and capacity

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    Focus on meeting client expectations

    9

    Project management

    Engineering capacity

    Global procurement

    Optimising project execution

    Investments in own facilities and

    leveraging partnerships

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    Expanding our delivery model

    10

    Topsides, Stord:  New crane

     20 000 tonnes of integrated topsides

    annually

    Jackets, Verdal:  Dock filled and yard upgrades

     35-40 000 tonnes of steel jackets

    annually

    Global fabrication, China:  Cooperation with COOEC

     Demonstration module successfully

    completed

     Joint tendering

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    Track record

    Topsides, floaters & onshore facilities

    11

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    Track record

    Jackets

    12

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    Track record

    Concrete solutions

    13

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    On time delivery

    14

    Execution

    Execution

    Execution

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    12.09.2012

    Q&A

    15

  • © Kvaerner 2012

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    Copyright

    Copyright of all published material including photographs, drawings and images in this document remains vested in Kvaerner and third p