Technip Presentation - · PDF file9/12/2008 · Staff Presentation - St. John's -...

Technip Presentation

Knut Bø, Nyttårsoil Seminar, Orkanger 14. januar 2009

2 Staff Presentation - St. John's - 09.12.08

Technip at a glance

Market Position & Trends

Financial Performance

Strategy Going Forward

Contents

I.

II.

III.

IV

V.


I. Technip at a glance


Technip Today Worldwide leader in engineering, project management and technologies, serving the oil & gas industry for 50 years ► 23,000 employees in 46 countries, ► Industrial assets on 5 continents, a fleet of 16 vessels (19 vessels end 2010) ► 2007 revenues: €7.9 billion

Subsea

Offshore

Onshore

Solutions across the value chain


Two Complementary Business Models

Project management skills Proprietary technologies & know-how Solid Balance Sheet Strong footprint with both IOCs & NOCs

OFFSHORE ONSHORE

Negative capital employed: low fixed assets

Negative working capital

High degree of outsourcing & sub-contracting

SUBSEA

Capital intensive: fleet and manufacturing units

Negative working capital

Vertical integration from engineering to manufacturing & construction


Subsea

► Products

Flexible Pipes (in house manufacturing)

Umbilicals (in house manufacturing)

Rigid Pipelines

► Services

Inspection, Repair & Maintenance

Pipelaying

Deep Water Installation & Construction

► Architectures

Vertical integration In-house technologies Worldwide leadership First class assets


Offshore

TPG 500 Unideck Semi-submersible Spar EDP FPSO

Engineering Innovative concepts Proprietary platform design Proven track record in engineering and construction


Onshore

► Refining & Heavy Oil • Clean Fuels • Grass Roots • Heavy Oil upgraders • Hydrogen

► Gas Processing • Gas Treatment • GTL • LNG

► Petrochemicals • Ethylene • Polyolefins • Aromatics • Fertilizers

Project management know-how Strong process engineering capabilities Proprietary technologies (Hydrogen, Ethylene…) Solid reputation with NOCs & IOCs


Worldwide Presence

Aberdeen

Paris

Oslo

St. John’s

Luanda

Rio de Janeiro

Houston

Mumbai

Kuala Lumpur

Perth

Lagos

Vitória

Los Angeles

Barra do Riacho

Caracas

Dande

Lobito

Port Harcourt

Barcelona Lyon

Rome Athens

The Hague Düsseldorf

St. Petersburg

Orkanger

Evanton

London Newcastle

Abu Dhabi Doha

Chennai Bangkok

Singapore

Jakarta Balikpapan

Shanghai

Pori

Le Trait

Bogota

New Delhi

Regional Headquarters / Operating centers

Spoolbases

Manufacturing plants (flexible pipelines) Manufacturing plants (umbilicals) Construction yards

Tanjung Langsat (operational in 2010)

Calgary

Stavanger

Monterrey


3 new vessels Current fleet: 16 vessels

Technip: a Fleet of 19 Vessels by 2010

Deep Blue Deep Pioneer Sunrise 2000 Venturer

Constructor Seamec Princess Apache Orelia

Wellservicer Skandi Achiever Normand Pioneer Seamec 2

Seamec 3 Geoholm Alliance Seamec 1

New build Diving Support Vessel Class III

Largest & most sophisticated in its category Statoil frame agreement - delivery 1Q 2009

New deepwater rigid pipelay vessel

High transit speed (20 knots) Worldwide operations Delivery 4Q 2010

New Brazilian deepwater pipelay vessel

Delivery planned for 4Q 2009

Skandi Arctic


II. Market Position & Trends


Market by Region Key Indicators

Market evolution: Subsea

► Ultra deep water: strong growth driven by the Atlantic triangle

► Emerging deep water provinces such as India, Indonesia & Malaysia

► North Sea / Eastern Canada: still a large number of subsea tiebacks

► Asia Pacific: sustained activity driven by regional energy demand (gas)

Sources: Quest Offshore Resources, Technip

North Sea, Canada

Mid. East, India

Africa & Med.

Brazil USA

Asia Pacific

Umbilicals Installed (km)

2006 2007 2008F 2009F 2010F 2011F

800

600

400

200

0

Subsea Trees (units by

onstream year)

8,000

6,000

4,000

2,000

0

5.9 7.5

7.9 9.6 10.0 10.3

2006 2007 2008F 2009F 2010F 2005


Technip Backlog Anticipated Market Growth

Market evolution: Onshore

Sources: Cedigaz, UBS, IEA, OPEC

Ethylene capacity addition

Crude distillation capacity addition

(mt)

0

4

8

12

2005 2012

Natural gas liquefaction capacity

(mt)

0

100

200

300

2005 2012

(mb/d)

0

1

2

3

2005 2012

as of June 30, 2008 €4,073 million

Gas processing

Refining

Petrochems Other • Gas treatment • LNG • GTL

• Grassroots & upgrade • Oil sands • H2

• Ethylene • Polyolefins • PTA

46%

4% 14%

36%


III. Financial Performance


2008 Full Year Outlook*

Revenue Subsea ~ €2,650 million

Onshore / Offshore ~ €4,650 million

Group ~ €7,300 million

Operating Margin Subsea Well above 18.0%

Onshore / Offshore (combined) reaffirmed 3.8%

Group > 8.0%

Net Cash Situation Upper end of €1.1 - 1.3 billion range

at year end 2008

* Based upon current exchange rates


IV. Strategy Going Forward


Technip’s main Capex projects to fuel Subsea organic growth

Le Trait

Houston

+50%

Vitória

Lobito

New plant (Asiaflex)

upgrade

new

+20%

Technip’s 2007 - 2010 Capex program: €1.3 - 1.4 billion Subsea: >85%

New pipelay vessel

New pipelay vessel

New DSV

New DSV

acquired for DSV upgrade

Vessels Flexible

Pipes

~ 5,800 ~ 1,100 km/year*

Capacity Increase (2007 - 2010)

+40% +40%

2010 Capacity

Umbilicals ~ 700 km/year +25%

*standardized 8 inch internal diameter

Vessel-days/year


Arctic Spar

Technological Solutions to address new challenges: Deeper Water

Chukchi Sea

Barents Sea Orphan Basin

Nakika (Shell) • Reeled Pipe-in-pipe

Steel Catenary Risers • Water depth:

2,000 meters

Perdido (Shell) • Spar operating at the

deepest water depths: 2,350 meters

• Subsea pipelines (depth: 2,950 meters)

Towards 3,000 meters and beyond Source: Technip

Houston

Technologies for New Frontiers (Shtokman, above 73.20° N) • Winterized topsides • Ice resistant hull • Double disconnection systems: mooring lines

and risers

0

500

1,000

1,500

2,000

meters

Spar


Technological Solutions to address new challenges: Floating LNG solutions

Processing system

Interface of technologies and know-how is key

Cryogenic flexible pipe FPSO Subsea services & product provider

FPSO LNG (FLNG)

LNG carrier


► Hydrogen: Enhanced Heat Transfer

• 25 to 30% increase in hydrogen production

• Improvement in the overall efficiency

• CO2 reduction: ~20,000 tons/y i.e. 6,000 passenger cars

H2 market leadership

Onshore Technologies Development ► LNG:

Cryogenic rigid pipe-in-pipe

• Robust & heavy duty • No expansion loops • Extremely safe and fire resistant • Integrity monitoring system • Certified ABS/BV/DNV • Long distance • Onshore, on trestle or subsea

► Ethylene: Increased Selectivity

• Increased efficiency CO2 reduction

• Constant capacity furnace size is reduced minimize investment of new furnaces

• Increased Ethylene Production by >10% of existing furnaces of the same size

Source: Technip

Integrated qualified innovative solutions

H2 market leadership

Technip 40%

Proprietary technologies

Technip Presentation - · PDF file9/12/2008 · Staff Presentation - St. John's -...

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