Seven Borealis fieldtrip - Subsea 7 · 2020-04-08 · Seven Borealis a vessel for every subsea...
Transcript of Seven Borealis fieldtrip - Subsea 7 · 2020-04-08 · Seven Borealis a vessel for every subsea...
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Seven Borealis fieldtrip
July 6, 2012
Simon Crowe
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Seven Borealis is part of our fleet enhancement programme
• Investment focused on core assets, with high technical specifications
• Focused on achieving the optimal deployment of the optimal fleet
• Over 40 vessels - continue to enhance our fleet to drive profitable growth
*Oleg Strashnov delivered to the SHL JV
Divest / Release Life-of-Field SURF Conventional
JVs
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BARRIER SCALE
Access to Capital Low or High
Fixed Assets Low
Management Systems Low
Technology Medium
Market Positioning High
Competence & Track Record High
Knowhow - People High
The barriers today are more on the softer assets than ever before in our industry
Competitive advantage is multi-faceted
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Sapura Crest
Allseas
Global EPIC players
Joint Venture or
niche positions
Small threats –
niche positions
Local content and
low cost
Market positioning
Subsea 7 Technip
(with Global) Saipem
EMAS-AMC McDermott Heerema
Ocean Install
er
Mer
maid Fugro
Ocean eering
Trico Helix GE DOF COOEC Swiber
Local Players
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Competence and track record lead to partnership
The ability to forge and sustain effective strategic partnerships with our global client base remains the backbone of our business
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A global leader
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We are focused on the sweet spot
Market
Competitors
Customer needs
Our Capabilities
Find the Sweet spot “Differentiation”
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World energy consumption by source
Sources: International Energy Outlook 2011, September 2011, US Energy Information Administration
39% 33%
29%
21%
22%
23%
25%
29%
27%
6%
5%
7%
9%
11%
14%
0
100
200
300
400
500
600
700
800
900
1990 1995 2000 2005 2010 2015 2020 2025 2030 2035
Qu
ad
rillio
n B
tu
Renewables
Nuclear
Coal
Natural gas
Oil
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Global demand - going ever deeper
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Market scale
• A galaxy of industry sectors
• Often unconnected
• Different market dynamics
• Many different technologies
• Opportunities everywhere
$600Bn
$20-30Bn
$5-6Bn
E&P SURF Subsea 7
Management order of magnitude estimates Not drawn to scale
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Subsea 7’s focus market growth (excluding renewables)
Index (
real)
40
60
80
100
120
140
160
180
200
2011 2012F 2013F 2014F 2015F 2016F 2017F
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Today’s industry challenges … are Subsea 7’s opportunities
Large engineering & project
management capabilities
Proven expertise and
execution track record
Cultural diversification and
tailored local content Local content requirements
Shortage of resources in a growing
global market
Deeper waters and more challenging
environments
Growing size and complexity
of large EPIC contracts
Risk management and reliability
paramount
Processes and knowledge
management
Fleet size & flexibility
Effective Management of
worldwide resources
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10.01.11 13 Page
seabed-to-surface
www.subsea7.com
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The Seven Borealis
A Star is Born
6th July 2012
Tom Welsh
Project Director
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Agenda
Our changing fleet
Story of the Seven Borealis
From China to the Netherlands via Singapore
A flagship vessel
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Seven Borealis is part of our fleet enhancement programme
• Investment focused on core assets, with high technical specifications
• Focused on achieving the optimal deployment of the optimal fleet
• Over 40 vessels - continue to enhance our fleet to drive profitable growth
*Oleg Strashnov delivered to the SHL JV
Divest / Release Life-of-Field SURF Conventional
JVs
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Subsea 7 Fleet – Seven Borealis, a global enabler
20%
9 vessels
23%
10 vessels
14%
6 vessels
23%
10 vessels
18%
8 vessels
2%
1 vessel
Construction/Vertical Flexlay
Dive Support
Other
Construction/Horizontal Flexlay
Rigid Pipelay/Heavy Lift
Life of Field/Light Construction
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Seven Borealis – A star is born
• Subsea 7’s flagship strategic enabler
• A deepwater pipelay, heavy-lift vessel
• Joins fleet H2 2012
• 1st project – Angola CLOV development
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The Seven Borealis provides “unprecedented flexibility and capability which, together with our engineering and management expertise will enable us to meet our clients’ strategic needs, particularly in deepwater and harsh environment acreage.”
Jean Cahuzac
Chief Executive, Subsea 7
16th December 2009
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The story begins
• Nordic Heavy Lift with Sembawang shipyard announce new build – 28th May 2007
• Designed according to a SOC 5000 series – Ulstein Sea of Solutions
• Keel laid Nantong Yahua Shipbuilding, China
• Hull launched 19th October 2009
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Subsea 7 acquires Seven Borealis
• Subsea 7 announces acquisition of vessel 16th December 2009
• Redesigned - 5,000t heavy lift to be complemented by
– 937t J-Lay system
– 600t S-Lay system
• Funded entirely from the Company’s existing cash resources
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Seven Borealis a vessel for every subsea occasion
• Length 182m x breadth 46m
• 600t tension S-Lay for up to 46-inch pipe diameter
• 937t top tension J-Lay system for up to 24-inch pipe diameter
• 2,800t onboard pipe storage
• Mast crane: capacity main hoist 5,000t; 1,200t heave compensated aux hoist
• Accommodation for 399 persons
• 2 x work class 3,000m rated ROVs
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The Seven Borealis in Singapore
• Towed to Singapore
• Equipped and load tested with world’s largest offshore mast crane
• Crane installation was a four day operation
• Naming ceremony 7th January 2012
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Final installations – on to the Netherlands
• J-Lay system – installed in Vlissingen
– Max Tension: 937t
– Pipe Range: 4-inch min 24-inch max
• S-Lay system – installed in Schiedam
– Max Tension: 600t
– Tensioners: 3 x Huisman BV two track tensioners
– Pipe Range: 4.5 - 46 inches
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A flagship vessel
• CLEAN-DESIGN notation – commitment to minimise environmental impact
• Main Engines/Generators:
– 6 Rolls-Royce B32:40 V12A 720 rpm diesel engines each generating 5,760kW
• Thrusters for Propulsion and DP:
– 2 x azimuth thrusters
– Rolls-Royce UUC 455 FP, underwater demountable
– Power 5,500kW each
• Thrusters for DP:
– 4 x azimuth thrusters, vertically retractable
– Rolls-Royce UL 305 FP
– Power 3,200kW
• Service speed: 12 knots
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Seven Borealis – A global strategic enabler
• Global reach
– all deepwater areas
• Full range of pipelines
– Shallow to deepwater
– Pipe-in-pipe
• Heavy pile/manifold capabilities
• Add 500t flex-lay tower (optional)
• Available for conventional heavy lift
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14 Page 8-Jul-12 10.01.11 14 Page
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www.subsea7.com