BW Offshore Carnegie lunch presentation 23 January 2007
Positive E&P spending outlook Oil and gas spending continues to rise. Weak Reserve Replacement... ... And Rising Capital Intensity... Majors finding it more difficult to replace reserves F&D costs increasing as the size of new finds…
Leading to material FPSO developments Increased focus on deepwater developments as IOCs forced to explore in frontier areas with identified FPSO projects, predominantly coming from West Africa, Brazil, and Asia. Froy Petra 9/2b…
The growth opportunity All-time-high demand for FPSOs Successful project execution is key Companies with track record and resources will be the preferred partners Less competition on mid to large scale projects Market…
Partner who delivers Solid track-record - 11 projects delivered: On time on budget 12th project, KMZ, near completion on time and budget Solid project execution capabilities High-end expertise and competence 650 employees…
YUM KAKNAB - first FPSO in GoM Yum KakNab, 2007-2022 On schedule - left yard first week of January 07 On budget 600,000 B/D Oil Handling 200,000 B/D Oil Processing 2,500,000 bbls storage capacity Mooring by disconnectable turret…
Brazil - Petrobras Worlds largest FPSO client E&P investments 2007 2011 USD 45 billion Petrobras seeking additional partners for large projects Leverage on Pemex position Bid and project teams established Tuesday, 23 January…
Unique gas FPSO expertise Strong drivers for gas FPSO Opportunities in Malaysia and West Africa Limited competition Unique experience Three projects to date MISC/Petronas JV Pre FEED study for SB305 Combined LNG and oil…
Global presence Berge Helene Belokamenka Norway Latvia BW Nisa Yum KakNab Bermuda India Philippines Mexico BW Pioneer Sendje Berge Nigeria Malaysia Singapore BW LPG FPSO I Berge Okoloba Toru BW Endeavour Units…
BW Offshore road ahead Mid to large scale projects USD 200 million and above Geographic focus Mexico Brazil West Africa Malaysia Continue to develop organisation People Supplier relationships Technology Gas FPSO Actively…