Capital Markets Day 10 January 2013 Time Topic Speaker 09.00 Introduction Jan Arve Haugan, President & CEO 09.20 Concept / Front End, Engineering and Procurement Janne H. Rasten, EVP Project Support Tony Allen, EVP International 09.55 Construction Sverre Myklebust, EVP Jackets Tony Allen, EVP International Jim Miller, EVP E&C Americas 10.35 Q&A part I 10.45 Break 11.00 Completion and Decommissioning Lars Eide, EVP North Sea 11.15 Arctic opportunities Bjørn Gundersen, EVP Concrete Solutions 11.35 Financial update Eiliv Gjesdal, CFO 11.55 Summary and Q&A part II Lunch
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Completion and Decommissioning Lars Eide, EVP North Sea Capital Markets Day 10 January 2013
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
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
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
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
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 17.06.2011 8 Kvaerner 2011
Decommissioning TOGI being lifted onto quayside at Eldøyane, Stord Troll Oil and Gas Injection (TOGI) decommissioning project 9
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
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
Different approaches to the NCS and UKCS markets NCS: Targeting all structures Northern UKCS: Targeting larger structures installed at water depths >60 m 12