Technip Status & Prospects - Startside Technip at a Glance ... Haugesund: PRS (pipeline repair...
Transcript of Technip Status & Prospects - Startside Technip at a Glance ... Haugesund: PRS (pipeline repair...
Technip
Status & Prospects
17th March 2010
Hallvard Hasselknippe
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Technip at a Glance
Subsea’s Strengths & Differentiating Attributes
Outlook
Annex
Contents
I.
II.
III.
IV.
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Technip at a glanceI.
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“I want Technip to become the
REFERENCE COMPANY
in Health, Safety and the Environment.”
Thierry PilenkoChairman & CEO
Aberdeen, June 2008
The Chairman’s Challenge
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Technip Today
Worldwide leader in engineering, project management and technologies,
serving the oil & gas industry for more than 50 years
► 23,000 employees in 46 countries
► Industrial assets on 5 continents, a fleet of 16 vessels (19 vessel by 2011)
► 2009 revenue: €6.4 billion
Subsea
Offshore
Onshore
Solutions across the value chain
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A Diversified and Well-Balanced
Portfolio of Businesses
Offshore
Topsides &
Fixed Platforms
Floaters
Deepwater
Engineering
Onshore
Gas Processing Ethylene
SCR* SystemsFurnaces
HydrogenRefining
Subsea
Pipelaying,
S/s construction
Flexible &
Rigid Pipes
Umbilicals
*SCR: Selective Catalytic Reduction systems
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Subsea
► Products
Flexible Pipe
(in house manufacturing)
Umbilicals
(in house manufacturing)
Rigid Pipelines
► Services
Inspection,
Repair & Maintenance
Flexible/rigid Pipelaying
Deep Water Installation
& Construction,
Diving
► Vertical integration
► In-house technologies
► Worldwide leadership
► First class Assets
► Architecture
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Worldwide Presence
Aberdeen
Paris
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
LyonRome
Athens
The HagueDüsseldorf
St. PetersburgEvanton
LondonNewcastle
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 yard
Tanjung Langsat(operational in 2010)
Calgary
Monterrey
Oslo
Orkanger
Stavanger
Services base
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Technip Norge
0
500
1 000
1 500
2 000
2 500
3 000
3 500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
m N
OK
0
50
100
150
200
250
300
350
400
man
nin
g
Revenue Manning
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Technip Norge
► Oslo: EPIC Subsea Field Developments
• 200 - 1700 mNOK
• 1-3 years implementation
• Major tender preparations
► Stavanger: IMR & diving
• 10 – 300 mNOK projects
• 3-12 months duration
• Fast track & IMR
► Haugesund: PRS (pipeline repair system)
• 1-100 mNOK
• 3-12 months completion
• Fast track, maintenance, developments
► Orkanger: pipe welding
• Industry/fabrication
Wide range of activities
Orkanger
(1996)
Oslo
Stavanger
(2006)
Haugesund
(2006)
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Technip Norge
Core Services:
• Project Management and Engineering
• Rigid Flowlines/Risers
• Flexible Flowlines/Risers
• Umbilicals/Cables
• Marine Operations (tie-ins, spools, covers, survey, etc.)
• Installation of Subsea Structures
• Manned (diving) and Unmanned (ROV) Underwater Operations
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Project Experience – 2008 & 9
12
► Talisman
• Yme
• Rev
► ConocoPhillips
• Ekofisk SSWI
► BP
• Skarv
► Marathon
• Alvheim
► Shell
• Draugen
► StatoilHydro
• Morvin
• Alve
• Yttergryta
• Tampen Link
• Snorre B
• Kristin
• Norne
• Gjøa
• Kvitebjørn Repair
• Gjøa
• Hywind
• Ormen Lange
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Major Flexible Pipe References in NorwayBalder
• Alvheim
• Aasgard
• Balder
• COD
• Fram Vest & Øst
• Garn Vest
• Gullfaks
• Heidrun
• Kristin
• Njord
• Norne
• Ringhorne
• Skarv
• Snorre
• Troll
• Tyrihans
• Varg
• Veslefrikk
• Visund
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Subsea’s Strengths &
Differentiating Attributes
II.
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Main focus/strategy
► HSE excellence
► Long term investments in assets
► Technology differntiators
► Right paste in growth
► Competence / people
► Long term client relations
► Track record – always deliver
► Standardisation in a non standard business
• Execution model / Procedures / Processes
• QMS
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Investment for the Future
Aberdeen
Paris
Oslo
St. John’s
Luanda
Rio de Janeiro
Houston
Mumbai
Kuala Lumpur
Perth
Lagos
Monterrey
+ 50%
Vitória
Los Angeles
Barra do Riacho
Caracas
Dande
Lobito
Port Harcourt
Canada
Barcelona
LyonRome
Athens
The HagueDüsseldorf
St. Petersburg
Orkanger
Evanton
LondonNewcastle
Arctic
new
Abu Dhabi
Doha
Chennai Bangkok
Singapore
Jakarta
Balikpapan
New plant
Shanghai
upgrade
new
Pori+ 20%
Further expansion in important regions
New Operating Centers
New/expanded manufacturing plant(flexible pipelines, umbilicals: 2007/2010)
New marine assets (2007/2011)Expanded Operating Centers
Le Trait
Bogota
New Delhi
Calgary
upgrade
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A Fleet of 19 Vessels by 2011
Deep Blue Deep Pioneer Sunrise 2000 Venturer Deep Constructor Seamec Princess Apache
Orelia Wellservicer Skandi Achiever Normand Pioneer Seamec 2 Seamec 3 Alliance
Seamec 1
Current fleet: 16 vessels
Skandi Arctic
3 new vessels
Deep Energy
(new deepwater
pipelay vessel,
delivery in 2011)
Skandi Vitoria
(new Brazilian deepwater
pipelay vessel, delivery in
2010)
Apache II
(rigid pipelay vessel,
delivery in 2010)
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Skandi Arctic
► Exceeds Norwegian strict standards
► Length: 157 meters
► Speed: 16 knot
► Accommodation: 140 persons
► Class 3 dynamic positioning system
► 3 ROVs
► 400 ton crane
► Pioneering computerized 24-person dive system
Pioneering and technologically advanced diving &
construction support vessel
Largest and most sophisticated dive vessel in the world
Ke
n T
aylo
r
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State-of-the-art rigid pipelay & construction vessel:
strengthening Technip’s abilities in harsh environments & deepwater
Reinforce our competitiveness and leadership by renewing
world class assets with our liquid balance sheet
Existing Apache
► Start operations: 1979
► Length: 123 meters
► Speed: 9.5 knot
► Cranes: 3 * 27 tons
► Free deck space: 235 m2
► Main reel: 2,000 tons
► Auxiliary reel: 320 tons
► ROVs: 0
New Apache
► Start operations: 2010
► Length: 137 meters
► Speed: 13 knot
► Cranes: 2 * 100 tons and 2 * 10 tons
► Free deck space: 1,000 m2
► Main reel: 2,000 tons
► Auxiliary reel: 650 tons
► ROVs: 2
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Further enhancing Technip’s ultra-deep water pipelay
capabilities
New Pipelay Vessel
► Length: 195 meters
► Superior transit speed of 20 knots
► Class 3 dynamic positioning system
► Pipe Line End Terminal handling system
► Twin reels of 2,800 tons each
► 150 ton active heave compensation crane
► Top tension 450 tons
Exceptional transit speed for rapid deployment worldwide
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R&D 2006-2009
Budget by segment
0.0
10.0
20.0
30.0
40.0
50.0
60.0
M€
2006 2007 2008 2009
Budget
Years
Subsea
Offshore
Onshore
Total : 55
Total : 47.6Total : 46.1
Total : 38.3
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Technology focus
Pipeline
Reeling
Pipeline
Repair
System
Flexible
Risers
13%Chrome
Flowlines
Remote
Tie-In
Systems
Plastic
Lined
Pipelines
Clad
Pipelines
Smoothbore
Gas Export
Riser
New Diving
Technology
High competence requirements
Direct heating
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STATOILHYDRO
HyWind Project
► Example of transferring offshore experience
to new applications.
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OutlookIII.
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3-y outlook Technip
► Competitive market:
• doubling of capacity in DSV, construction and pipelay
► Modernisation and internationalisation of TP continues
• Industry moving east and south (arctic longer term)
• Develop global talent pool (competence, mobility)
• Compliance
• IT (ERP etc.)
► HSE improvements but fragile
• Improve momentum
• ”balance the consequence”
► What TP is about:
• Attractive & safe place to work
• No 1 in subsea, among global leaders in onshore/offshore
• Supplier of choice for clients in frontier projects
• Leading edge assets and technologies
• Profitability (project execution)
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The Work comprises the EPCI of the
flowline system and installation of the
subsea production system consisting of the
umbilical system, the templates and riser
bases.
The Goliat field is located in the Barents
Sea, in production licences PL229 and
PL229B in a water depth up to 430m. It is
situated roughly half way between
Hammerfest and Snøhvit, approximately
50nm northwest of the city of Hammerfest.
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Upgrade of Orkanger for new Pipelay Vessels
Split stalk rack
Green spaces and green bays
Extended Stalk rack 1120 mtrs
Pavement (asphalt)
on civil area
Reconfiguration of
parking area
Reconfiguration of storage facilities, storage containers and heavy
equipment.
Double Spooling Line
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Arctic
► ENI Norge
► Snøhvit Phase II
► SDAG Shtokman
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Conclusions
► Well balanced: regions, clients and markets
► First class technology, engineering and project management skills
► Subsea vertically integrated
► Proximity to local clients
► Strong balance sheet with €1,7 billion Net Cash
► Continuous investment in key assets and R&D
► Promising subsea construction outlook
Technip is a Long-Term Solid Partner
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Thank you for your attention!
32Title of presentation in Header and Footer
Our ambition –
Dedicated workforce
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Disclaimer
► The presentations contained herein are the property of Technip and are not
intended to be a binding contractual document. Any reproduction or
modification to any of these presentations are prohibited unless agreed in
writing by Technip. Any information contained herein shall not result in
any binding obligation on the part of Technip, or any of its affiliates, and is
provided for information purposes only.
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AnnexIV.
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Technical ObjectivesPerdido SPAR: Shell
Technological Solutions to address ever Deeper Water
• Spar operating at the
deepest water
depths: 2,350 meters
• Subsea pipelines
from our spool base in
Mobile, Alabama and
umbilicals manufactured at
Channelview, all installed by
the Deep Blue to 2,961
meters depth
Towards 3,000 meters and beyond
Source: Technip
Extend flexible risers water depth
and pressure capability to 3,000 meters
and beyond through innovative solutions
• Qualify up to 11” flexible pipe
with offshore testing ongoing
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Technological solutions to address deeper water
Towards 3,000 m and beyond
► Perdido (2008)
• Spar operating with the
deepest water depth:
2,350 m
• Subsea pipelines
(depth: 2,950 m)
► Cascade & Chinook (2009)• A new application of FSHR further
to the PDET project with Petrobras
• 5 Free Standing Hybrid Risers
• Water depth: 2,500 - 2,640 m
► Pazflor IPB (2010)
• Following first supply and
installation of 8 IPB risers
on the Dalia field, new
contract for 2 IPB risers
on the Pazflor project,
offshore Angola
• Water depth: 800 m
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Floating LNG solutions
Processing systemCryogenic
flexible pipe
FPSO Subsea services
& product provider
FPSO LNG (FLNG)
Cryogenic
pipe-in-pipe
A unique combination of technologies and know-how
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Subsea Technological Achievements
► Angola, Dalia (Total), 2006
• 71 subsea wells in 1,400 m of water
• Integrated Production Bundle: 10.75” ID
• Temperature monitoring with optical fibers
• High performance pipe-in-pipe (Aerogel technology)
► Brazil (Petrobras), 2006
• Deepest flexible pipe structure tested at a water depth of 2,100 m
► Norwegian Continental Shelf, Asgard (Statoil), 2007
• First smoothbore flexible pipe gas export riser (13.7” ID)
► US Gulf of Mexico, Perdido (Shell), 2008/2009
• Deepest reeled flowline installation at a water depth of 2,961 m
• Deepest reeled steel catenary riser installation at a water depth of 2,469 m
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Pazflor Subsea Project, Angola
► Client: Total
► Water depth: 1,200 m
► EPC Project: risers, flowlines and
umbilicals
► Value > $1.7 billion
► Installation will commence in 2010
The largest Subsea contract ever,
Technip share > $1.1 billion,
High level of local content
The Pazflor field in Angola
PazflorAngola
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Vertical integration:
offering breadth of services and leading technology
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Cascade & Chinook: Petrobras
► World record depth for Hybrid Free Standing
Riser in 2,500 – 2,640 meters of water
► Broad geographical reach:
• Engineering teams from Offshore and
Subsea divisions from Technip’s offices in
Houston, Brazil, Paris, Canada & UK
• Fabrication of buoyancy cans, stress joints
and suction piles at Pori
• Fabrication of the flexible pipes at Le Trait
► Technically challenging:
• High-pressure dynamic flexible pipes
• 5 buoyancy cans. 700 ton net uplift
• Installation before arrival of the FPSO
• Multi-vessel installation (incl. Deep Blue /
Deep Pioneer)
• Only 28 months from award to completion
► Status: Installation ongoing – on schedule
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Technip
ISIN: FR0000131708
Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160
ADR: TKPPK