A winning team - Aker Solutions
A winning team - Aker Solutions
A winning team - Aker Solutions
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part of <strong>Aker</strong><strong>Aker</strong> <strong>Solutions</strong>: A <strong>winning</strong> <strong>team</strong>Valborg LundegaardEngineeringTechnology dayOslo, 3 March 2011© 2010 <strong>Aker</strong> <strong>Solutions</strong>part of <strong>Aker</strong>
<strong>Aker</strong> <strong>Solutions</strong> in brief■ A leading global provider of engineeringand construction, technology products,execution, service and integratedsolutions to the oil and gas industry■ Approximately 20 000 employees and8 000 contract staff in around26 countries■ Main shareholder: <strong>Aker</strong> HoldingProud sponsor:Key figuresOperating revenuesNOK 54 bnOf which 38 % in NorwayOperating profitNOK 4.4 bnMarket valueNOK 29 bn11th largest on OBX index55 % Norwegian shareholdersAll key figures above are as reportedfor 2009 except market value which isas of 1 Feb 2011. Profits are EBITDA<strong>Aker</strong> <strong>Solutions</strong>' annual accounts for2010 will be released on 17 FebruaryTechnology DayMarch 2011 Slide 2© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> Achievements<strong>Aker</strong> tok hjem sponsorgull (04.02.2011)På Sponsor- og Eventforeningens prisutdeling torsdagkveld ble <strong>Aker</strong> tildelt årets SPOT-pris.<strong>Aker</strong> inngikk sponsoravtalen med Norges Skiforbund ijanuar 2010, og etablerte et eget selskap for forvaltningav avtalen – <strong>Aker</strong> Achievements – da avtalen trådte i krafti juni. <strong>Aker</strong> Achievement har Stine Lise HattestadBratsberg, olympisk mester i freestyle fra Lillehammer i1994, som daglig leder. <strong>Aker</strong> samt alle utøverne ogstøtteapparatet er aksjonærer i selskapet.Sponsoravtalen har fire satsingsområder- skieliten,bredden, de ansatte i <strong>Aker</strong>-selskapene og skifolket.© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Business ManagementCorporate structureExecutive ChairmanØyvind EriksenPresident 1 andChief Financial OfficerLeif BorgeCorporateCentreChief Operating OfficerChief of StaffChief Strategic MarketingChief Technology OfficerChief HR OfficerEngineering(ENG)Subsea(SUB)DrillingTechnologies(DRT)Mooring &LoadingSystems(MLS)ProcessSystems(PSS)WellInterventionSystems(WIS)Oilfield Maintenance,Services & Modifications &Marine Assets Operations(OMA) (MMO)ValborgLundegaardMadsAndersenThor ArneHåverstadLeifHaukomMichaelHamblyWolfgangPuennelKarl ErikKjelstadToreSjursen1 President of <strong>Aker</strong> <strong>Solutions</strong> ASATechnology DayMarch 2011Slide 4© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> <strong>Solutions</strong> strongholdsGlobal presence, competent and experienced workforceA global <strong>team</strong>Education levelWork forceby regionNorway20 000 20 000AmericasAsia-PacificEuropeBy degreePhD and MasterBachelorProfessionalsHigher educationSkilled workerOtherTechnology DayMarch 2011Slide 5© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Large and growing marketTechnology and competence common denominatorsChasing new reserves in deeperwaters and harsher environmentChasing additional productionfrom existing reservoirs600USD bn400Global E&P capexexcl explorationCAGR 09-20 1Ultra-deep15 %Deep8 %Increasedoil recoverytechnology stepsIncreased/enhanced oilrecoveryField and assetlife extension200Shelf-2 %Onshore2 %Photo: HaraldPettersen/StatoilStatfjord late-lifeby <strong>Aker</strong> <strong>Solutions</strong>Satellitetie-backs... and decommissioning200009 20Technology Day1 Compound annual growth rate. Source Rystad, BainMarch 2011Slide 6© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> <strong>Solutions</strong> strongholdsProjects, products and technology capabilities 1Large-scaleonshore projectsHarshenvironmentConcrete GBStechnologyFloatingproductionsystemsField lifeextensionEnhancedrecoveryRemote site,local partnershipsDeepwaterdrilling risersSubseaproductiontechnologyIntegrateddrillingsolutions1 Selection of projectsand technologiesTechnology DayDrillingtechnologyGas fielddevelopmentsMarch 2011Slide 7© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Evolving operator picture on the NCSMarch 2011 Slide 8© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> <strong>Solutions</strong> 2011: Focused on oil & gasStructured for further growth<strong>Aker</strong>ContractorsEngineeringsolutionsP&C<strong>Aker</strong>ContractorsProductsolutionsField lifesolutionsProcess &ConstructionEPCcompanySpin-off and list 1Engineering andtechnology company inthe oil and gas industryE&CcompanySold to Jacobs 2Technology Day1 Separation to be concluded in second half 20112Transaction concluded on 1 February 2011March 2011Slide 10© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Continuing our proven EPC model in a new structurewhile enabling additional new growth opportunitiesDirectcontracts& subcontractsSupport<strong>Aker</strong><strong>Solutions</strong>BAsTechnologyConceptsFabricationConstructionLow cost& localpartnershipsPartnerwith otherengineeringhousesStudiesFEEDEPEngineering in<strong>Aker</strong> <strong>Solutions</strong>Contractin <strong>Aker</strong>ContractorsEPCEngineeringsubcontract in<strong>Aker</strong> <strong>Solutions</strong><strong>Aker</strong> ContractorsWhere relevant■Concept and system engineeringhouse■A focused EPC company with globalreach■Products for deepwater drilling,subsea and wellstream processing■Leverage key technologies andproject execution skills■Services for increased oil recoveryand field life extension■Leading position in concrete GBS andsteel jacket substructuresTechnology DayMarch 2011Slide 11© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> Contractors - A global EPC businessGetting ready for a life outside <strong>Aker</strong> <strong>Solutions</strong>North Sea Jackets ConcreteE&C Americas International• North Seatopsides andassembly,onshore NorwayEPC projects• Steel substructuresfor offshoreplatforms andwind turbines• North Sea marketleader, addressingthe global market• Full value chain,includingengineering• Condeep, concretefloaters,LNG productionand receivingterminals• World leader indesign and projectexecution• Local constructionpartners• PM, FEED andEPC capabilitieswithin LNG regas,gas processingand downstreamO&G facilities• Construction,maintenance andrenovation ofonshore industrialfacilities• Large and complexprojectsonshore andoffshore at globalscale• Full-fledged EPCoffering• Engineeringpartnership with<strong>Aker</strong> <strong>Solutions</strong>and othersExampleprojects:• Mongstad TCM(Statoil)Technology Day• Ekofisk 2/4L(ConocoPhillips)• Hebron(ExxonMobil)• Gulf LNG(Gulf LNG)• Kashagan HUC(Agip KCO)March 2011Slide 12© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Profile <strong>Aker</strong> <strong>Solutions</strong>Meeting customer demands in three dimensionsProduct solutions Engineering solutions Field life solutionsTechnology productsand lifecycle servicesto Oil companies andother contractorsTechnology DayConcept, FEED and engineering,procurement and constructionmgmt contracts directly withOil companies and to<strong>Aker</strong> Contractors andother EPC playersTechnologies andsolutions for field lifeextension to Fieldoperating companiesand Licence partnersMarch 2011Slide 13© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Extraordinary engineering by extraordinary peopleGlobal technology centres■■■New build project managers andspecialist engineers in Oslo,NorwayAccess to other <strong>Aker</strong> <strong>Solutions</strong>expertise (geology, subsea, etc.)~3000 in-house engineering staffWorld-class technology environmentRegional engineering hubs■■■Houston, United StatesLondon, United KingdomLocal partnershipsValue engineering centres■■Mumbai, IndiaKuala Lumpur, MalaysiaRegional hubsHigh value engineeringTechnology DayMarch 2011Slide 14© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Engineering in <strong>Aker</strong> <strong>Solutions</strong>: Our heritage<strong>Aker</strong>EngineeringH3Condeep (NC)PEMFPSO-TLP-SemiPEMCCSKbeGBS LNGADBTSubseaCompression<strong>Aker</strong><strong>Solutions</strong>Spin-offs:KværnerEngineering<strong>Aker</strong> Subsea<strong>Aker</strong> Process SystemsMMOSpar (sold)<strong>Aker</strong> Clean Carbon<strong>Aker</strong> Floating Production<strong>Aker</strong> Drilling1970 1980 1990 2000 2010Technology DayMarch 2011 Slide 15© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Engineering: A strong international businessCurrent marketsPotential marketsIn-house offices, projectsPartner offices/otherTechnology DayMarch 2011Slide 16© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
<strong>Aker</strong> <strong>Solutions</strong>: One engineering organisationMumbaiKuala LumpurOsloa common set of valuesTechnology DayMarch 2011 Slide 17© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
”<strong>Aker</strong> Task Force”Eng. ManagerEng. Coordinator MumbaiSystem ManagerArea ManagerDisc. Lead Disc. Lead Disc. LeadDisc. LeadOslo engMumbai engOslo engMumbai engOslo engMumbai engOslo engMumbai engLoc. In Mumbai.Loc. in NorwayIntegrated AET+APGfrom day 1AET APGCONCEPTCOMPLETECRITICAL POsAWARDEDLAYOUT AND MAINSTRUCTURE FROZENGLOBAL DESIGNCOMPLETE (AFC)DET.DESIGN COMPL.&ALL SUBCONTR. AW.New methodOld methodM1DM2AM2BM2CM3AFeasibility&ConceptSystemDefinitionDetailing&FabricationTechnology DayMarch 2011 Slide 18© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Seamless integration of tools, network, methods…Common toolsCommon networkSAPHR&FinanceSafranPlanningCOMOSProArcDoc.controlDocumentsDataprogressComosSystemdesignChangesProjectData HubDataqualityMIPSProcurementWEMSWeightcontrolPEMdefinitionsRevisionsMIPSConstr.mgmt.Common methodsReference dataPDMS3D CADCataloguesSpecsNumberingrulesProjectrulesCodesMIPSCompletionKBeDesignKBEClientVendor/SubcontractorCCSChangemgmt.Technology DayMarch 2011 Slide 19© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
People development and recruiting is the keyA long-term performanceculture is created by loyal <strong>team</strong>players with goal-orientedcompetenceWe seek thousands of new colleaguesto further strengthen our <strong>team</strong>!Technology DayMarch 2011 Slide 20© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Excellent performance demonstrated by <strong>Aker</strong> H-6e rigs<strong>Aker</strong> Barents2 February 2011<strong>Aker</strong> SpitsbergenTechnology DayMarch 2011 Slide 21© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Tuesday: Skarv FPSO arrived to <strong>Aker</strong> <strong>Solutions</strong> at StordSkarv FPSO arriving in Klosterfjorden near StordPhoto of Skarv FPSO courtesy of BPTechnology DayMarch 2011 Slide 22© 2009 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Ormen Lange pilot – construction in EgersundTechnology DayMarch 2011 Slide 23© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Åsgard - Ormen Lange Comparison24• Shut in pressure 220 bar• High power – 2 x 10 MW• Flow rate 21 MSm3/d• 2 compressors• 50 km, 250 m water depth• Topside frequency converter• Shut in pressure 255 bar• High power – 4 x 12,5 MW• Flow rate 60 MSm3/d• 4 compressor• 120 km, 850 m water depth• Subsea frequency converterSmørbukk~200 kmICELANDSmørbukkSouthSCOTLANDMidgardNORWAY NORWAYSWEDEN SWEDENFINLAND FINLANDPL208StjødalTrondheiKristiansund mMoldeÅlesundDENMARKTechnology DayMarch 2011 Slide 24© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Family venture – we assign the best man to the job■■■Engineering – AET and Subsea integrated in Oslo● Subsea design competence● Strong project execution knowledge with large skilled resource baseFabrication, assembly and testing at <strong>Aker</strong> Egersund● Integration of electrical equipment into subsea enclosures● Fabrication and assembly of modules. System testingProject Ownership:● Subsea 50%, ED&S E&T 30% and ED&S <strong>Aker</strong> Egersund 20%● Subsea MSP tender and later project owner reporting to Subsea EVP● External; An <strong>Aker</strong> <strong>Solutions</strong> project with 100% integratedexecution between Subsea and ED&SMarch 2011Slide 25© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Compressor trainInlet & AntisurgeCooler Module(5x9x7m – 75t)Separator Module( 6x7x13m – 175t)AS SCMAMB SCMCompressorModule(allowance for futuretandem)Discharge CoolerModule(5x10x5m – 40t)Technology DayMarch 2011Slide 26© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
The northern parts of the Caspian SeaTechnology DayMarch 2011 Slide 28© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Kashagan: EPFTechnology DayMarch 2011 Slide 29© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Kashagan: HUCTechnology DayMarch 2011 Slide 30© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Where is Browse?Technology DayMarch 2011Slide 31© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Browse Full Field Development Schematic12 MTPA LNGTechnology DayMarch 2011Slide 32© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Browse DTU –Facility LayoutPERMANENT ANDTEMPORARY LQ’SMODULAR PLATFORMDRILLING RIGFLAREHELIDECKCHEMICALINJECTION & TOTETANKSPROCESS & WELLBAYAREASSTEEL CATENARYRISERSROV EQUIPMENT & HOSELOADING STATIONTechnology DayMarch 2011Slide 33© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
EPCI Delivery Model – OverallNorwayChinaHoustonProject MngmtFEED,DeepFEED-Incl key KLpeopleDetail DesignConstructionMalaysiaTransportationBy HLVTechnology DayEstablish an integrating ”One Project Approach”,i.e. one PEM ensuring:● One organisation● One plan● One set of systems, methods andprocedures, etc.High ValueEng. CentreDetail DesignMarch 2011Slide 34© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
YARD OVERVIEWIn Jul.2009, there were 11 projects consisting of 55modules fabricated in Qingdao Yard.taken by July 2009Technology DayMarch 2011Slide 35© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
GEAD – Greater Ekofisk Area DevelopmentSubsea WaterInjectionEkofisk-modifications-bridges-bridgesupport-2/4L jacketTommelitenAlphaELDS (2/7S) – EPC-platform 2/7S-bridgesEldfisk – GEADFeed-modifications-platform 2/7S & N-jackets-bridges-bridge-supportTechnology DayMarch 2011 Slide 36© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Ekofisk 2/4 Z■■■ConocoPhillips hasconditionally awarded acontract for engineering,procurement andconstruction (EPC) of thetopside module for theEkofisk 2/4 Z platform to<strong>Aker</strong> <strong>Solutions</strong>.The contract award issubject to project approvalby the PL018 license group,and Norwegian authorities'approval of the plan fordevelopment and operation(PDO).The PL018 approval isplanned for the first quarter2011 and PDO approval inthe second quarter of 2011.Technology DayMarch 2011 Slide 37© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Eldfisk 2/7 STechnology DayMarch 2011 Slide 38© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Status operations<strong>Aker</strong> <strong>Solutions</strong> - Engineering <strong>Solutions</strong>High activityNew projectsDelivery modelRecruitment• Record-highnumber of frontend studiesongoing, incl.:• Hebron• Hejre• Troll 3+4• Secured severalkey target projects,incl.:• Åsgard SubseaCompr.• Ekofisk 2/4Z• Sakhalin• A globalcompetitiveengineeringdelivery modelwith the followinghubs:• Oslo800 staff• Mumbai1 750 staff• Kuala Lumpur350 staff• Recruiting andretaining the besttalent in theindustry• Campaigns rolledout in Norway,continues in otherkey regions• #2 engineeringgraduate employerTechnology DayMarch 2011Slide 39© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
Copyright and disclaimerCopyright of all published material including photographs, drawings and images in this document remains vested in<strong>Aker</strong> <strong>Solutions</strong> and third party contributors as appropriate. Accordingly, neither the whole nor any part of this documentshall be reproduced in any form nor used in any manner without express prior permission and applicableacknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject torisks and uncertainties that could cause actual results to differ. These statements and this Presentation are based oncurrent expectations, estimates and projections about global economic conditions, the economic conditions of theregions and industries that are major markets for <strong>Aker</strong> <strong>Solutions</strong> ASA and <strong>Aker</strong> <strong>Solutions</strong> ASA’s (including subsidiariesand affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statementscontaining words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could causeactual results to differ materially from those expectations include, among others, economic and market conditions inthe geographic areas and industries that are or will be major markets for <strong>Aker</strong> <strong>Solutions</strong>’ businesses, oil prices, marketacceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currencyexchange rates and such other factors as may be discussed from time to time in the Presentation. Although <strong>Aker</strong><strong>Solutions</strong> ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can giveno assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation.<strong>Aker</strong> <strong>Solutions</strong> ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability orcompleteness of the Presentation, and neither <strong>Aker</strong> <strong>Solutions</strong> ASA nor any of its directors, officers or employees willhave any liability to you or any other persons resulting from your use.<strong>Aker</strong> <strong>Solutions</strong> consists of many legally independent entities, constituting their own separate identities. <strong>Aker</strong> <strong>Solutions</strong>is used as the common brand or trade mark for most of these entities. In this presentation we may sometimes use“<strong>Aker</strong> <strong>Solutions</strong>”, “we” or “us” when we refer to <strong>Aker</strong> <strong>Solutions</strong> companies in general or where no useful purpose isserved by identifying any particular <strong>Aker</strong> <strong>Solutions</strong> company.Technology DayMarch 2011Slide 41© 2011 <strong>Aker</strong> <strong>Solutions</strong> part of <strong>Aker</strong>
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