Technip & Floating LNG A Breakthrough for Natural Gas Development Philip Hagyard, Senior Vice President LNG/GTL Business Unit Global E&P Investors Conference Call, April 4, 2013
A World Leader Bringing Innovative Solutions to the Energy Industry A world leader in project management, engineering and construction for oil & gas, chemicals and energy companies Revenues driven by services provided to clients…
A World Leader Bringing Innovative Solutions to the Oil & Gas Industry Subsea Onshore/Offshore Worldwide leadership Proven track record with customers & Unique vertical integration business partners R&D Engineering &…
Natural Gas: a Good Combination of Compromises Shares of World Primary Energy Gas is the lucky fuel. It may not be ideal, and it might not be the first choice of policymakers, society or the media. That first choice is often…
Mismatch Between Gas Reserves and Demand 32% 2% 17% 27% 17% 5% 15% 4% 40% 13% 8% 3% 4% 5% 3% 5% % of proved gas reserves by region, including unconventional gas from CEDIGAZ 2012 Edition % of gas consumption by…
Skill to Handle Wide Variety of Well Head Gas Compositions Non Associated Gas Associated Gas Undesirable / no value components Hydrocarbons Source: Gas compositions on a sample of projects done by Technip 7
Opportunities all Along the Gas Value Chain Onshore Liquefaction Oil Field Facilities inc. Shale oil Natural Qatar LNG Gas Pipeline Kupe, New Zealand Associated Gas Offshore Coal bed Liquefaction methane Gas Processing Methane…
LNG, FLNG & GTL Investment Drivers LNG FLNG GTL High demand for LNG worldwide Ideal for reserves located far Economically attractive with an offshore in deep water increasing spread between oil and Marketing flexibility vs…
All the know-how and talents to better manage projects, risks and interfaces Onshore LNG Plant Offshore floating facilities Technip in Paris Subsea field development Floating LNG 10 Technip & FLNG
Leading Onshore LNG Player for Over 45 Years In-depth technical know-how and EPC contractor Developed and use our own liquefaction process Camel, Algeria 1964 Built the first ever LNG plant 45 years ago in Algeria Introduced…
Technip: Extensive Experience in Large FPSOs FPSO's Installed or Planned by Year and Size 50 000 Built by FLNG 45 000 forecast Technip 40 000 Akpo NKossa 35 000 Topside Dry Weight: tons Girassol 30 000 Dalia 25 000…
FLNG will use FPSO construction methods Hull leaving dry dock Module installation and integration Akpo FPSO Dalia FPSO 13
Example of Floating LNG Layout Cryogenic Export System Flare Liquefaction Power Generation & Utilities Connection with Pre-treatment Turret Storage Inside the Hull Control Room & Living Quarter Source: 2009 Technip…
FLNG: Solving Marine Environment Challenges Mechanical Offloading LNG between two vessels on the high seas Importing large quantities of high pressure feed gas on a floating facility Equipment and piping loads generated by motion…
FLNG: Leader with First Mover Advantage Shell Petronas 15 year frame agreement LNG capacity: 1.2 mtpa LNG capacity: 3.6 mtpa1 Offshore Malaysia Prelude FLNG in Australia Execution started in under construction June 2012 1…
Shell Floating Liquefied Natural Gas Contracts Technip leader in a consortium with Samsung Jul. 2009 Master Agreement The design, construction and installation of multiple FLNG facilities over 15 years Jul. 2009 FEED launched for…
Shell Prelude FLNG 488 x 74 meters 600,000 ton weight with tanks full 3.6 Mtpa LNG capacity Australia 1.3 Mtpa condensate production 0.4 Mtpa LPG production Total liquid production: 110,000 boe/day 200km from the nearest point on…
Shell Prelude FLNG Status Prelude FLNG is being built in Geoje , South Korea in our partners shipyard One of the largest dry dock in the world A yard equipped with a 8,000 ton capacity floating crane First steel cutting of the hull…
FLNG Opportunities in Australia Woodside Sunrise Conoco Barossa / Caldita PTTEP Cash Maple Shell Crux Conoco Poseidon GDF Suez Bonaparte Woodside Browse Shell Prelude Exxon Scarborough Northern Territory Queensland…
FLNG: New Opportunities for Oil and Gas Producers Cost optimization in areas with high construction costs Deeper and further offshore reserves Economics Pipeline too complicated or too long Insufficient reserves for dedicated…
Tomorrow: Drivers for FLNG Global Prospects Arctic Circle Remote Fields Canada Nearshore Offshore East Coast High cost of onshore Petronas FLNG, Malaysia construction Africa Better security offshore Asia / Pacifique Remote…
Other Gas Monetization Topics: GTL is One Shale gas revolution boosts the US market Important investments for Petrochemical plants, but also LNG and GTL Several IOCs are applying in the USA for LNG export and operation licences…
GTL: Alternative Solution to Monetize Gas, Mastered by Technip Ancillary Utilities/Off-sites Process Units Process Units 25
Solid Track Record with a GTL Major: Sasol ORYX GTL Complex, Qatar, EPC UZGTL, Uzbekistan, FEED ORYX GTL Ltd.: JV between Qatar Petroleum & Uzbekistan GTL: JV of Uzbekneftegas , Sasol Sasol & Petronas Largest GTL train when awarded:…
LNG, FLNG & GTL Local Execution Capabilities Supported by Centers of Expertise Europe Know-how and solid track-records in LNG, FLNG & GTL USA LNG: Liquefaction and regasification India Offshore: Floating platforms Detailed…
Gas Related Market Environment Arctic: remote areas with large reserves LNG North America: shale gas driven Gas plants LNG terminal conversion GTL Middle East: growing downstream Petrochemical Petrochemicals LNG imports Gas…
Thank You
5. Annex 30
Diversified & Balanced Customer Base National Oil Companies International Oil Companies 31
Two Complementary Business Models Driving Financial Structure and Performance million Subsea Onshore/Offshore Operating Operating Operating Operating Backlog Backlog Income1 Margin1 Income1 Margin1 8,201 6,050 603 498…
2012: Year of Growth Financials Achievements Revenue increased by 20%, to 8.2 billion Portfolio diversification maintained Operating margin(1) at 10% for the 4th year Technology and expertise driving order intake Net income…
Fourth Quarter Subsea Highlights million Offshore main operations completed Revenue Vigdis NE field development, Norway 1,200 Jubilee 1A, Ghana 964 Main ongoing projects Boyla field development, Norway Goliat, Barents Sea…
Fourth Quarter Onshore/Offshore Highlights million Upstream Asab 3, UAE Revenue Ichthys FPSO, Australia 1,050 1,100 Lucius Spar, Gulf of Mexico Hejre platform, Denmark Gas, LNG & FLNG 4Q 11 4Q 12 PMP, Qatar Prelude FLNG,…
FY 2012 Order Intake & Backlog million Subsea order intake Order intake Backlog 6,050 Quad 204, UK 5,335 4,097 4,380 Greater Stella field development, UK sgard subsea compression, Norway Byla field development, Norway…
A Solid Platform for Profitable Growth Backlog by Geography Backlog by Market Split Others 1% 2% Africa 9% 13% 16% 12% Petrochems 11% Refining / 14% 12% Heavy Oil 29% 12% Middle East 48% Gas / LNG / FLNG 37% 21% 42%…
Consolidated Statement of Financial Position million (audited) Dec. 31, Dec. 31, 20111 2012 Fixed Assets 5,662.0 6,022.2 Construction Contracts Amounts in Assets 588.0 454.3 Other Assets 2,711.8 2,815.2 Cash & Cash…
Net Cash Position 3 Months million 2012 Capital Expenditures: 519 m Net Cash Position as of 183.5 4% September 30, 2012 3% Others Cash Generated from / (Used in) Onshore/ 226.1 Operations Offshore 33% Change in Working…
Steady Dividend Increase Dividend per share () 2008 - 2012 (1) CAGR: +9% 1.68 1.58 1.45 1.35 1.20 2008 2009 2010 2011 2012 (1) Recommendation of Technips Board of Directors to be approved during the Annual General…
Investment in Key Subsea Assets Plants 5 2007 New long-term charters 7, incl. 1 under construction North Sea Giant Vessels 18 2007 Newbuild vessel in Norway, delivery in 2014 33, incl. 5 under construction As of…
Onshore/Offshore Key Markets Onshore Downstream Unique Position Expertise in Full Range of Offshore Facilities Petrochemical & Floating LNG Ethylene Refining Spar LNG & GTL Fixed platform Fertilizer FPSO 43
Subsea Vertical Integration: Customer Support from Concept to Execution Concept Execution Project Engineering & Procurement P R Upstream O Manufacturing Engineering J With E Flexible risers Rigid Pipeline Umbilicals C and…
Delivering Best-for-Project Solutions Through Genesis Genesis: A wholly owned subsidiary of Technip Provide independent, early phase engineering support to concept selection Fixed and floating platform configuration and selection…
Commercial Alliance with Heerema 5-year worldwide alliance agreement combining capabilities for EPCI projects in ultra-deepwater Working together through ad-hoc JV, consortiums or subcontract arrangements to best answer client…
Ultra-Deepwater Challenges Deeper water and Vessels with higher tension pipe heavier pipes laying capacities Vessels with higher Heavier subsea equipment lifting/abandonment capacity Larger developments Increasing use…
Helping Clients to Develop Ultra-deepwater Fields Geographical footprint covers key subsea markets worldwide (engineering, sales & business development, yards, spoolbases, flexible & umbilical plants) Unique set of capabilities…
Our New Pipelay Vessels: Deep Orient & Deep Energy Deep Orient Deep Energy 49
High Performing Fleet of 33 Vessels1 Flexible-Lay & Construction Rigid Reel-Lay & Rigid S-Lay and Heavy Lift J-Lay 11 units 4 units 5 units Skandi Vitoria Skandi Niteroi G1200 G1201 Deep Blue Deep Sunrise Constructor 2000…
Flexible Pipe Manufacturing Plants Flexi France Asiaflex Products Le Trait, France Tanjung Langsat, Malaysia Flexibrs Vitria, Brazil Port of Au Au, Brazil 51
Offshore Manufacturing & Logistic Bases Mobile, Alabama, Orkanger, Norway USA Evanton, UK Port of Angra, Brazil Dande, Angola Carlyss, Louisiana, USA 52
Umbilicals Manufacturing Plants Duco Ltd Newcastle, UK Duco Inc Houston, USA Asiaflex Products Tanjung Langsat, Malaysia Angoflex Lobito, Angola 53
Providing Innovative Solutions for Offshore & Subsea Developments Carbon Fiber Armor Integrated Production Electrically Trace Floating LNG Spars Flexible Pipe Bundle Heated Pipe-in-pipe Breakthrough: Solution for harsh…
Differentiating Technologies: 2012 Industry and Technip Firsts Subsea Onshore & Offshore Islay electrically traced heated pipe- Petronas FLNG 1 in-pipe Contract award to design the 1st Malaysian FLNG, the second FLNG in the world…
Acquisition of Stone & Webster Process Technologies Acquisition completed on August 31, 2012 Cash consideration of 225 million Perimeter excludes Toronto and Baton Rouge sites and all legacy EPC contracts retained by Shaw Cost…
Technology Strength Diversifies Our Revenue Process Technologies Licenses Process Design / Engineering Proprietary Equipment Licensed proprietary technologies Process design packages / Design, supply and installation of chosen…
Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies Business Domains Technologies and Skills Cryogenic separation LNG Cooperation with Air Products and Chemicals, Inc. (APCI) GTL Exclusive…
Worldwide Organization Dedicated to Downstream Technologies Milton Keynes Cambridge Zoetermeer Beijing Claremont Paris Rome Houston Abu Dhabi Mumbai Kuala Lumpur / Singapore Operating centers Associated operating centers…
Technip Stone & Webster Process Technology Leading Position in Growing Markets Strong Track Record Recent Key Projects 35% installed capacities with 120 references CP Chem cracker, USA S&W Ethylene 25% of licensing over the past 10…
A Unique Worldwide Footprint Orkanger Evanton Oslo Pori Aberdeen Stavanger St. Petersburg St. Johns Newcastle Milton Keynes Warsaw London The Hague Calgary Cambridge Le Trait Dsseldorf Paris Lyon Rome Los Angeles Weymouth…
Africa: Local Partner With Commitment to Long-term Presence Technip in Africa Assets & Activities 750 people Engineering & project management 1st office founded in 1995 centers Cairo Umbilical manufacturing plant: Angoflex,…
Asia Pacific: Dedicated Assets for High Potential Market Assets & Activities Technip in Asia Pacific Engineering & project management centers 8,500 people Flexible/umbilical manufacturing plant: Asiaflex, Founded in 1982 Malaysia,…
Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management 2,300 people centers Founded in 1984 Wide range of services: from conceptual and feasibility…
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies Assets & Activities Engineering & project management centers with North America Subsea, and Onshore/Offshore capabilities 3,900 people Spoolbases…
Brazil: 35 years of Local Presence Assets & Activities Technip in Brazil Engineering & project management centers 3,700 People Flexible/umbilical manufacturing plants Founded in 1977 Flexibras: since 1986 Port of Au: High-end…
Technip in Brazil: Steady Development to Provide Unmatched Local Content Flexible pipe frame agreement with Petrobras 1st IPB2 in Brazil 2012 1st Brazilian PLSV: Skandi Vitria Roncador Field Development & P-52 Platform 2010…
Shareholding Structure, November 2012 North America 31.7% Employees 2.6% Treasury Shares 2.0% UK & Ireland 11.7% Others Institutional 4.7% Investors 83.1% Individual Shareholde 5.1% Rest of World IFP Energies 18.1%…
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