Investor presentation MGS Soiltech AS March 2012 - Statoil Innovate
Investor presentation MGS Soiltech AS March 2012 - Statoil Innovate
Investor presentation MGS Soiltech AS March 2012 - Statoil Innovate
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Soiltech</strong> <strong>AS</strong><br />
Waste Management<br />
<strong>Statoil</strong> Technology Invest<br />
Technology Showcase Event<br />
13 November <strong>2012</strong><br />
1
What we do<br />
‣ <strong>Soiltech</strong> is a waste management services<br />
provider with extensive experience in all<br />
aspects of handling and treatment of oil<br />
contaminated slop and cuttings.<br />
*<br />
‣ Through our operations and research and<br />
engineering, we aim at developing products,<br />
services and solutions that optimize<br />
performance and reduce cost.<br />
* Patent pending<br />
2
Where does <strong>Soiltech</strong> fit in<br />
Oil & Gas Value Chain<br />
Seismic<br />
Exploration<br />
drilling<br />
Engineering<br />
&<br />
construction<br />
Production<br />
drilling<br />
Production Storage Transport Refinery<br />
Offshore Waste<br />
Management<br />
Drilling Waste<br />
‣ Cuttings: rock from drilling operation, contaminated with oil<br />
based drilling fluid<br />
‣ Slop: liquid waste,oily water<br />
3
What’s new: Step change in offshore waste treatment<br />
Proprietary cuttings<br />
treatment technology<br />
State of the art slop<br />
treatment system<br />
Focus on offshore<br />
waste management<br />
Experienced Board and<br />
Management Team<br />
Create shareholder value<br />
through balanced organic<br />
growth and dividend<br />
distribution<br />
4
The <strong>Soiltech</strong> waste management system (WMS)<br />
1<br />
Working with the customer rep and<br />
crew to minimize waste generation<br />
5<br />
Oil in water analysis for discharge<br />
2<br />
Provide cuttings and waste fluids<br />
material balance reports<br />
6<br />
Daily reporting of cuttings and waste<br />
3<br />
Skip logistics for cuttings handling<br />
(including planning ahead)<br />
7<br />
EOW reporting<br />
4<br />
Analysis form shipment of waste fluids<br />
- Flash point/retort/gas LEL/H2S testing<br />
8<br />
Correct handling and reporting of<br />
cuttings and waste fluids<br />
5
What’s the value:<br />
<strong>Soiltech</strong> Slop Treatment Technology (STT)<br />
Benefits<br />
1. The waste is treated at the source<br />
2. Is designed to handle slop from<br />
- Rig cleaning and tank cleaning<br />
3. High capacity<br />
- 120-240 m3/day<br />
4. Treated volume below discharge limit<br />
- 8 – 12 ppm<br />
5. Reduced transportation cost<br />
6. Can be tied in with holding tanks 5 m3 or 25m3<br />
- Saving usage of rig tanks<br />
7. Less transportation results in reduced CO 2<br />
emission<br />
8. Mechanical treatment method reduces chemical<br />
consumption<br />
6
<strong>Soiltech</strong> Cuttings Treatment Technology (CTT)<br />
<strong>Soiltech</strong> <strong>AS</strong> has developed a mechanical treatment process for oil contaminated drill<br />
cuttings with proven results below discharge limits established by the Norwegian Government<br />
Current solution<br />
<strong>Soiltech</strong> solution<br />
7
Environmentally friendly treatment of drill cuttings -<br />
Significant value added<br />
<strong>Soiltech</strong><br />
Competition<br />
Personnel 2 on rig 6 on rig<br />
Transportation No vessel<br />
Supply vessels<br />
Health, Safety<br />
Environment<br />
Personnel<br />
Space<br />
requirement<br />
# crane lifts<br />
per well<br />
80 m2 250 m2<br />
0 2,800 – 3,200<br />
Safety risk Low High<br />
Risk of<br />
unwanted<br />
spills<br />
Low<br />
High<br />
Emissions Low High<br />
# crane lifts<br />
Space requirement<br />
Transportation<br />
Minimum 20 – 30 % savings for client<br />
Source: Company<br />
8
GEO Markets<br />
North Sea<br />
MENA<br />
<strong>Soiltech</strong> priority markets<br />
9
<strong>Soiltech</strong> project reference list<br />
Client Description Year Reference Comment<br />
BP Norway Slop treatment offshore <strong>2012</strong> PO<br />
Marathon Oil Norge<br />
Frame contract (3 yr) for<br />
waste management services<br />
<strong>2012</strong><br />
Contract<br />
Transocean Slop treatment offshore <strong>2012</strong> PO Full onshore test<br />
<strong>Statoil</strong> <strong>AS</strong>A Cuttings treatment offshore <strong>2012</strong> Contract<br />
Joint development<br />
and testing of<br />
cuttings treatment<br />
technology<br />
10
<strong>Soiltech</strong> <strong>AS</strong>, Hammaren 23, 4056 Tananger, Norway.<br />
MENA: Fountain Plaza, Building No.66, Sweifieh, Amman, Jordan<br />
www.soiltech.no<br />
11