Offshore Opportunities

Technip LNG, Gas Related & Downstream Onshore/Offshore Opportunities JP Morgan Oil & Gas Conference, Nello Uccelletti, SVP Onshore & Renewables June ...
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Technip LNG, Gas Related & Downstream Onshore/Offshore Opportunities

JP Morgan Oil & Gas Conference, Nello Uccelletti, SVP Onshore & Renewables June 22, 2012

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his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”, “potential” or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel as well as maritime freight price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabian-Persian Gulf, Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; losses in one or more of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes in tax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards, IFRS, according to which we prepare our financial statements as of January 1, 2005; political and social stability in developing countries; competition; supply chain bottlenecks; the ability of our subcontractors to attract skilled labor; the fact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability to manage and mitigate logistical challenges due to underdeveloped infrastructure in some countries where we are performing projects. Some of these risk factors are set forth and discussed in more detail in our Annual Report. Should one of these known or unknown risks materialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances. **** This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The information contained in this presentation may not be relied upon in deciding whether or not to acquire Technip securities. This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly or indirectly, in whole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions of the United States or of other jurisdictions. **** References to Stone & Webster processing technologies and associated Oil & Gas engineering capabilities are subject to the closing of the acquisition announced on May 21, 2012.

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Technip Today ƒ With engineering, technologies and project management, on land and at sea, we safely and successfully deliver the best solutions for our clients in the energy business ƒ Worldwide presence with around 30,000 people in 48 countries ƒ Industrial assets on all continents, a fleet of 34 vessels (of which 4 under construction) ƒ 2011 revenue: €6.8 billion ƒ Strong commitment to Quality, Health, Safety & the Environment

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Use of Natural Gas Could Rise by 50% World Energy Consumption (1990 - 2030)

18,000 Renewables Hydroelectricity Nuclear

Million tones oil equivalent

16,000 14,000 12,000

Coal

10,000 8,000 Gas

6,000 4,000

Oil

2,000 0 1990

1995

2000

2005

2010

2015

2020

2025

2030

Source: BP Energy Outlook 2030, January 2012

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Opportunities all Along the Gas Value Chain Onshore Liquefaction Oil Field Facilities inc. Shale oil

Natural Gas Pipeline

Associated Gas

Coal bed methane

Qatar LNG

Khursaniyah, S. Arabia Offshore Liquefaction

Gas Processing Methane (C1) Non- Associated Gas

Prelude FLNG, Australia Gas Field Facilities inc. Shale gas

CO2 Sulphur Water

GTL

Oryx GTL, Qatar

C3/C4 C5-12 C5-20

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Petrochemicals - Ammonia/Urea

LPG Yansab, Saudi Arabia

Gasoline Condensate

Ethane (C2)

Steam cracker (Ethylene)

- Hydrogen - Polyethylene - Polyvinyl chloride…

Phu My Fertilizer, Vietnam

References Across Gas Related Facilities

Oryx GTL, Qatar

Yemen LNG

Yansab ethylene cracker, S. Arabia 6

Uzbekistan GTL FEED

Qatar LNG

Ras Laffan ethylene cracker, Qatar

Omfico fertilzer, Oman

Ningxia Hanas LNG, China

Mozambique LNG pre-FEED

Khursaniyah gas plant, S. Arabia

Dynamic Downstream Market

Eastern Europe & Russia: Refinery Upgrades & New Gas Developments North America: Prospects Driven by Low-cost Shale Gas ƒ Re-start of ethylene & petrochemical investments ƒ First opportunities in GTL, LNG

ƒ Refinery upgrades and greenfield ethylene & petrochemical complexes ƒ Remote gas reserves development driving LNG & GTL spending

Middle East and Africa: Huge Reserves Latin America: Fast Growing Economies ƒ GDP growth supports greenfield investments all over downstream value chain ƒ Steady pipeline of projects spread across countries ƒ FLNG opportunities offshore Brazil

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ƒ Favor greenfield leading edge developments for both export and local market

Asia Pacific: GDP Growth ƒ Large refining and petrochemical complexes to benefit from economy of scale ƒ Growing use of shale gas in China ƒ FLNG, LNG, and mini LNG development to serve Asian market

Onshore/Offshore Unique Positioning Our Strategic Priorities

Well diversified, profitable backlog

Vertical integration

ƒ Wide range of contract framework, from reimbursable to lump-sum ƒ Service offering covering the full value chain: from conceptual to start-up

Technology

ƒ Portfolio of offshore & downstream technologies

Key differentiating assets

ƒ High-end engineering capabilities

Execution capability

ƒ Strong project management skills

National presence

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Our Positioning

ƒ Global footprint with local engineering centers close to clients across countries

Diversified Backlog Across All Markets As of March 31, 2012

Backlog by geography

Backlog by market split Petrochems

Europe / Russia Central Asia

Other Deepwater >1,000 meters

4% 1%

Refining / Heavy Oil

Americas 27%

31%

20% 21%

€12,344 million

€12,344 million 11%

18%

Asia Pacific

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14%

Africa 13%

Middle East

Gas / LNG / FLNG

40%

Shallow Water

S&W Process Technologies Ongoing Acquisition: Complement our Onshore/Offshore Footprint A Wider Offer

Involvement From Conceptual to Start-up

Process Technologies

Licensing, engineering services & proprietary equipment

Conceptual, FEED, PMC

High-end engineering & design capabilities

ƒ Renowned process and project engineering skills

EP, EPCm, EPC

Full project management and execution scopes

ƒ Ability and willingness to take full EPC responsibility

ƒ Proprietary technologies

Technip Stone & Webster process technologies and associated oil and gas engineering capabilities, subject to the closing of the acquisition announced on May 21, 2012 10

Taking our Portfolio of Downstream Technologies Further Business Domains

Natural Gas

Technologies, Skills & Alliances LNG

ƒ Cryogenic separation ƒ Cooperation with Air Products and Chemicals, Inc. (APCI)

GTL

ƒ Exclusive co-developer of Sasol Fischer Tropsch reactor technology

Hydrogen

ƒ Steam reformer proprietary technology ƒ Alliance with Air Products

Fertilizer

ƒ Ammonia technology licensing cooperation with Haldor Topsoe

Ethylene

ƒ Complementary proprietary technologies with different clients & geographic bases

Intermediates derivatives polymers

Crude Oil

Refining

ƒ Polyolefins and others

ƒ Residual Fluid Catalytic Cracking ƒ Deep Catalytic Cracking

Technip 11

Stone & Webster process technologies and associated oil and gas engineering capabilities, subject to the closing of the acquisition announced on May 21, 2012

Leading Position in FLNG Complements our Expertise in Offshore Facilities ƒ Floating LNG moving from concept to reality ƒ 2 facilities under construction after FEED completion ƒ Several conceptual studies for various clients

ƒ Shell FLNG

ƒ Petrobras FLNG

ƒ 15 year master agreement

ƒ LNG capacity: 1.2 mtpa

ƒ LNG capacity: 2.7 mtpa

ƒ LNG capacity: 3.6 mtpa

ƒ Offshore Malaysia

ƒ Pre-salt basin, Brazil

ƒ Prelude FLNG in Australia under construction by Technip

ƒ Floating LNG 1 under construction by Technip

ƒ Design competition won by Technip

(1) Floating Liquefied Natural Gas 12

ƒ Petronas FLNG

High-end Engineering: Enter Strategic Projects While Providing De-risked Revenue Stream

Ethylene XXI, Mexico ƒ FEED for Braskem-Idesa

Upper Zakum 750+, UAE

ƒ Petrochemical complex - 1,050 kilotons per year ethylene cracker

ƒ FEED for ADNOC

Gendalo Gehem, Indonesia

ƒ Technip‘s ethylene proprietary technology

ƒ Very large offshore gas development to increase field production to 750,000 bpd

ƒ FEED for Chevron

ƒ Brownfield onshore & offshore works

ƒ 2 floating production units at water depths of 1,070 to 1,830 meters

ƒ Performed in Claremont, USA, Lyon, France, and Rome, Italy

ƒ Performed in Abu Dhabi office

ƒ Performed in Jakarta, Indonesia & Houston, USA

Petrocarabobo Upgrader, Venezuela ƒ Basic design, FEED and PMC for PDVSA ƒ 200,000 bpd upgrader, part of future larger development ƒ Performed in Caracas, Venezuela

Olam Fertilizer, Gabon ƒ FEED for Gabon Fertilizers Company

Rapid Complex, Malaysia

ƒ 2,200 tons/day ammonia - 3,850 tons/day granulated urea

ƒ FEED for Petronas

ƒ Financing assistance

ƒ 300,000 BPD refinery providing feedstock to petrochemical complex

ƒ Performed in Paris, France

ƒ Largest downstream complex in the region ƒ Performed in Kuala Lumpur, Malaysia

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Expertise in Successfully Delivering Facilities, Notably in Remote Areas: Yemen LNG

ƒ Early involvement in project ƒ First class experienced project management & engineers ƒ Outstanding HSE* record ƒ Strong local content: transfer knowledge and procure, subcontract & recruit locally * Health, Safety & Environment 14

Continuously Develop National Presence North Sea & East Europe: 2,500 employees

North America: 3,400 employees ƒ Canada

ƒ Norway

ƒ Vessels: 3

ƒ Russia

ƒ Spoolbase: 2

ƒ UK

ƒ Umbilical plant

ƒ Vessels: 6

ƒ Gulf of Mexico ƒ Spoolbase: 2 ƒ Mexico

ƒ Umbilical plant

ƒ USA

Asia Pacific: 6,700 employees

Centers of excellence: 9,700 employees

South America: 4,400 employees

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ƒ Colombia

ƒ Vessels:

ƒ Brazil

ƒ Flexible plants: 21

ƒ Peru

ƒ Offshore bases: 2

ƒ Venezuela

ƒ R&D and test center

ƒ Vessels: 151

ƒ Australia

ƒ Vessel: 21

ƒ France

ƒ Flexible plant

ƒ China

ƒ Flexible plant

ƒ Italy

ƒ Construction yard

ƒ India

ƒ Umbilical plant

ƒ The Netherland

ƒ R&D and test center

ƒ Indonesia

ƒ Offshore base

ƒ Fleet management centers

ƒ Malaysia ƒ Singapore

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Includes vessels & plants under construction Headcount and fleet as of March 31, 2012 15

ƒ Finland

ƒ Thailand

Middle East & Africa: 2,600 employees ƒ Abu Dhabi

ƒ Angola

ƒ Spoolbase

ƒ S. Arabia

ƒ Egypt

ƒ Umbilical plant

ƒ Qatar

ƒ Nigeria

ƒ Offshore base

Key Takeaways ƒ Quality, Health, Safety & the Environment as a core value ƒ Well diversified backlog enabling to carry out reimbursable and lump sum contracts with appropriate risk profile ƒ Broad service offer from concept to start-up ƒ Strategic geographical positions to benefit from regional trends ƒ Portfolio of well-established technologies ƒ Know-how to carry-out broad range of projects with track-record across markets ƒ Large customer base shared with our Subsea segment

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