Capital Markets Day 10 January 2013

Transcription

1 Capital Markets Day 10 January 2013 Time Topic Speaker Introduction Jan Arve Haugan, President & CEO Concept / Front End, Engineering and Procurement Janne H. Rasten, EVP Project Support Tony Allen, EVP International Construction Sverre Myklebust, EVP Jackets Tony Allen, EVP International Jim Miller, EVP E&C Americas Q&A part I Break Completion and Decommissioning Lars Eide, EVP North Sea Arctic opportunities Bjørn Gundersen, EVP Concrete Solutions Financial update Eiliv Gjesdal, CFO Summary and Q&A part II Lunch

2 Copyright and disclaimer Copyright Copyright of all published material including photographs, drawings and images in this document remains vested in Kvaerner and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction. Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Kværner ASA and Kværner ASA s (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Kvaerner s businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although Kværner ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Kværner ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Kværner ASA nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use. 2

3 Completion and Decommissioning Lars Eide, EVP North Sea Capital Markets Day 10 January 2013

4 Completion Installation and hook-up Commissioning and start-up Offshore installation & hook-up Onshore installation & hook-up Commissioning Pre start-up Start-up Gjøa Offshore hook-up Kollsnes Onshore hook-up Aker Spitsbergen & Barents Commissioning & sea-trials TCM Commissioning and start-up 4

5 Kvaerner has been pursuing the installation and hook-up market for decades Examples of installation and hook-up projects Statfjord A Oseberg A Gullfaks C Draugen Snorre A Troll A Njord A Oseberg Sør Eldfisk 2/7 E Valhall IP Kristin Gjøa 5

6 Kvaerner is now preparing the installation and hook-up activities for Edvard Grieg and Eldfisk Edvard Grieg offshore hook-up Commissioning assistance Contract value of NOK 500 million Edvard Grieg Jacket Edvard Grieg topside and jacket Saipem S-7000 heavy lift 6

7 Onshore installation and hook-up Kvaerner has been offering installation and hook up services to several onshore facilities through history Currently the Nyhamna EPCm project is being executed Trenger bilde i høytere kvalitet Strategy to pursue these jobs jointly with partners Nyhamna Installation is an integrated part of our EPC delivery and would not be pursued on a stand alone basis Kollsnes 7

8 Kvaerner has experience-based commissioning capabilities including tools and procedures Full commissioning scope Provided key personnel Eldfisk 2/7 E Valhall IP Snorre B Njord A Oseberg Øst Navion Munin Visund Aasgard A Oseberg Sør Aasgard B Aker Spitsbergen Aker Barents TCM Mongstad Kristin Fram Vest Kårstø KEP 2005 Grane Topside Grane Drilling Snøhvit LNG Gjøa Kollsnes KOP EPC Kvaerner can take responsibility for the full commissioning scope or provide key personnel to projects, also projects where Kvaerner has not had the EPC Kvaerner 2011

9 Decommissioning TOGI being lifted onto quayside at Eldøyane, Stord Troll Oil and Gas Injection (TOGI) decommissioning project 9

10 Kvaerner present in the low risk segments of the decommissioning market Offshore preparations Offshore removal and transport Onshore deconstruction and disposal Kvaerner s involvement Hazardous material studies and assistance work possible vehicle for early positioning for onshore disposal Total supplier of inshore and onshore deconstruction and disposal 10

11 Onshore deconstruction and disposal operations performed at Eldøyane site Stord fabrication yard Eldøyane disposal site Kvaerner has a specialised decommissioning team and nearly 20 years track record The Eldøyane disposal site is developed to accommodate deconstruction and disposal activities. All work is performed with care for personnel and environment Typically more than 98% of the materials are reused or recycled 11

12 Different approaches to the NCS and UKCS markets NCS: Targeting all structures Northern UKCS: Targeting larger structures installed at water depths >60 m 12