Skip to main content PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore Investor Presentation | Shale Experts
Loading...
Database
Slide Database

PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore

Siem Offshore · Aug 31, 2011 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 1
    Pareto Oil & Offshore Conference 2011 Vice President Business Development Rune Juliussen 31 August 2011
  2. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 2
    Siem Offshore Overview Established as a stand alone company in July 2005. Market capitalization 650 million. Siem Industries holds 34%. 2 billion Investments in new fleet. Total fleet of 45 vessels with average age around 3 years…
  3. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 3
    Siem Offshore Part of the Siem Industries Group Total Group fleet of more than 100 vessels Siem Industries Inc Siem Siem Car Deep Sea Subsea 7 Star Reefers Offshore Carriers Insurance Inc Other 20% 72% 34% 100% 51%…
  4. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 4
    Accomplishments and positioning Revenues from 50 millions to 300 millions p.a. from 2005-1H 2011. Taken delivery of ten large AHTS vessels 2009-2011. 4x 4+4 years AHTS to Petrobras (2010). Statoil Barents Sea (2010/2011). 2x AHTS…
  5. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 5
    Siem Offshore Organization Offices: Norway* (Kristiansand) Brazil (Rio de Janeiro) India (Mombai) Germany (Leer) USA (Houston) *) Headquarters = SIOFF Offices Employees: Onshore personnel: 200 Offshore personnel: < 1100 5
  6. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 6
    SIOFF Fleet of High-End Offshore service vessels PSV (3,300 4,700 dwt) MRSV AHTS 14 4 10 *) Transport supplies to and Subsea construction support Pre-laying of anchor systems from offshore installations ROV operations Anchor…
  7. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 7
    SIOFF Fleet of Niche operating vessels 2 OSRVs (new) 2 FSV (new) 2 FCV (new) 1 Core Drilling Vessel 1 Well Stimulation Vessel 9 Old Brazilian fleet 7
  8. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 8
    Non-vessel operating segments Cable Installation Natural extension of Marine Operating business. Synergies in vessel utilization and vessel profit optimizing. SIOFF executives/employees with SURF industry background. ODL Overseas…
  9. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 9
    Income Statement Q2 Year Ended Q2 January - June 31 December 2011 2010 2011 2010 2010 Amounts in USD million Unaudited Unaudited Unaudited Unudited Audited Operating Revenue 78,6 59,6 147,5 109,4 228,3 Operating expenses ( 45,1) (…
  10. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 10
    Operating Margin Q2 Q2 2011 Q2 2010 Amounts in Operating Operating Operating Operating Operating Operating USD million revenue expenses margin revenue expenses margin PSVs 23,8 ( 11,5) 12,2 25,3 ( 10,7) 14,6 MRSVs 14,3 ( 5,9) 8,4 16,8 (…
  11. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 11
    Statement of Financial Position First Half 2011 Amounts in USD million 30 June 30 June 31 December 2011 2010 2010 Unaudited Unaudited Audited Intangible assets 35,5 14,0 15,2 Vessels under construction 93,2 195,8 106,0 Vessels,…
  12. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 12
    Market outlook summary The North Sea spot market improved sequentially in 2Q11 and 3Q11 shows further strengthening. AHTS vessels with average dayrates of around NOK300.000 and PSVs around NOK150.000. High Fixtures made above…
  13. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 13
    Global Rig and FPSO Market Global Drilling Market Global FPSO market * = Ultra Deep Water (UDW) Total UDW Drilling rigs currently working at 75, up from 43 twelve months ago (-12M). Total North Sea Floater Rigs currently…
  14. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 14
    North Sea Market Number of AHTS 15k bhp working in the North Number of PSV 3.000 dwt working in the North Sea reduced by 15 vessels since 3Q10 to 45. Sea has stabilized around 180 vessels. Spot Fleet* currently around 25 vessels,…
  15. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 15
    Global AHTS and PSV Market Global Term Demand utilization AHTS 15k Global Term Demand utilization PSV 3.000 currently above 80%, highest in three years. currently in high 80s %. Especially strong demand growth in Brazil, but…
  16. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 16
    Appendix 16
  17. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 17
    Vessels in Operation PSV Employment 2011 2012 2013 2014 2015 Owner- Vessel 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ship Siem Sasha 100 % Siem Sophie 100 % Siem Louisa 100 % Siem Danis 100 % Siem Hanne 100 % Siddis…
  18. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 18
    Vessels in Operation AHTS Employment 2011 2012 2013 2014 2015 Owner- Vessel 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ship Siem Pearl 100 % Siem Emerald 100 % Siem Sapphire 100 % Siem Aquamarine 100 % Siem Ruby 100 %…
  19. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 19
    Vessels in Operation MRSV Employment 2011 2012 2013 2014 2015 Owner- Vessel 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ship Siem Swordfish 100 % Seven Sisters 100 % Siem Marlin 100 % Adams Vision 100 % 100 Total order…
  20. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 20
    Vessels in Operation Other Employment 2011 2012 2013 2014 2015 Owner- Vessel Type 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ship Big Orange WSV 41 % XVIII Joides SPV 100 % Resolution Total order backlog in % and…
  21. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 21
    Shipbuilding Contracts Vessel Deliveries 2011 2012 2013 2014 2015 Owner- Vessel Type 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ship Siem Caets FSV 100 % Contract USD 23 million Siem Carajs FSV 100 % Contract USD 23…
  22. PARETO OIL & OFFSHORE CONFERENCE – Siem Offshore – slide 22
    Geographical Footprint and Clients Regions: Clients: North Sea Mediterranean Petrobras Black Sea Middle East India Brazil Gulf of Mexico North America West Africa Far East and others 22

From the store

Browse maps, data & reports in the Shale Experts store