combining offshore & onshore technologies to create · pdf filecombining offshore &...
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Combining Offshore & Onshore Technologies To Create New Solutions G. Christopher WeltonVP of Investor Relations
Oil Services: Technology and New DevelopmentsMerrill Lynch
London -1 July 2005
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2Oil Services: Technology and New Developments, London – 1 July 2005
I. TECHNIP OVERVIEW
II. OFFSHORE: DEEPWATER
III. ONSHORE: LNG
IV. OFFSHORE LNG
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3Oil Services: Technology and New Developments, London – 1 July 2005
I. TECHNIP OVERVIEW
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4Oil Services: Technology and New Developments, London – 1 July 2005
TECHNIP TODAY
Europe’s leading oil services E&C company
Best-positioned to capture current high growth in key oil & gas industry market segments:
Deep OffshoreLNGNon-conventional oil
Disciplined project bidding
Lump-sum turn-key (LSTK) contract specialist
Balance sheet geared for more than a few successes in mega-project market
Listed on Eurolist by EuronextTM and NYSE
OFFSHORE:
• Subsea Construction
•Facilities
•Flexible Mfring.
ONSHORE:
• Gas, LNG, GTL
• Petrochemicals
• Refining / Hydrogen
• OnshorePipelines
INDUSTRIES:
• Lifesciences/Chemicals• Metal & Mining
• Power &Infrastructures
46 %46 %
Share 2004 Consolidated Revenues
5%5%
49%49%
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5Oil Services: Technology and New Developments, London – 1 July 2005
GLOBAL NETWORK OF ENGINEERING CENTERS, YARDS & PLANTS
Technip in the world: 19,000 people
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6Oil Services: Technology and New Developments, London – 1 July 2005
MAJOR AWARDS EXPECTED BY TECHNIP AND COMPETITION IN NEXT 12 MONTHS
XLETHYLENE Ras Laffan (Qatar)
XLETHYLENE YANBU SABIC (S. Arabia)
LCAMAU Fert. (Vietnam)
XLQAFAC (Qatar)
XLETHYLENE SHARQ SABIC (S. Arabia)
XLPIC Aromatic (Kuwait)
LATC Aromat. (Thailand)
LPETRONAS Methanol(Malaysia)
XLRABIGH ref 1&2 (S. Arabia)
ECOPETROL HDT(Colombia)
ETHYLENE DOW/PIC(Kuwait)
REF./PETROCHEM.
L
L
XXLQATARGAS III & IV
XLKHARG (Iran)
XLGASCO AGD 2 (UAE)
XXLRASGAS III (Qatar)
LHARWEEL (Oman)
XLPDVSA (Venezuela)
XLYEMEN LNG
XLSKIKDA LNG (Algeria)
XXLPEARL GTL(Qatar)
LFREEPORT LNG Term. Ext. (USA)
GAS/LNG
TECHNIP POTENTIAL SHARE
> €1,000m€500m to €1,000m €200m to €500mXXLXLL
LMALLORCA PIPELINE (Spain)
LUMM SHAIF (UAE)
LTERANG/SIRASUN 2(Indonesia)
LMOHO BILONDO (Congo)
LEKOFISK (Decom.)(Norway)
XLAGBAMI SURF (Nigeria)
JUBARTE P-57 (Brazil)
TAHITI SPAR (GoM)
BOSI EPS (Nigeria)
OFFSHORE
L
L
L
LOI
LOI
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7Oil Services: Technology and New Developments, London – 1 July 2005
II. OFFSHORE: DEEPWATER
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8Oil Services: Technology and New Developments, London – 1 July 2005
Sea FloorSea Floor
SUBSEA PIPELINES: DEEPWATER CHALLENGE
Hydro-Static Pressure
WeightLoad
Thermal LossThermal Loss
Installation
FPSO
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9Oil Services: Technology and New Developments, London – 1 July 2005
SUBSEA INSTALLATION FILM
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10Oil Services: Technology and New Developments, London – 1 July 2005
SPECIALISED SUBSEA APPLICATIONS: IPB
Thermal Insulation
ExternalSheath
Heating Cables
Gas Injection Tubes
Classic Pipe 12” Dia.
"INTEGRATED PRODUCTION BUNDLE"New Technology Developed by Technip
First Use on Dalia Project
10
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11Oil Services: Technology and New Developments, London – 1 July 2005
SPECIALISED SUBSEA APPLICATIONS: HYBRID RISERS - HySRTM
Created for subsea applications
Elimination of stress caused by FPSO movement on risers
Movement separation between FPSO and risers
Reduced SCR fatigue at sea bottom touchdown point
Allows pre-installation of risers prior to FPSO on-site arrival
Steel CatenaryRisers (SCR)
Steel CatenaryRisers (SCR)
LimitedHorizontal MovementLines
LimitedHorizontal MovementLines
Anchor Tension Lines
Flexible Jumpers
To FPU
To SubseaWellsTo SubseaWells
Subsea Buoys
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12Oil Services: Technology and New Developments, London – 1 July 2005
III. ONSHORE: LNG
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13Oil Services: Technology and New Developments, London – 1 July 2005
LIQUEFIED NATURAL GAS (LNG)
REGASIFICATION TRANSPORT (-160°C )
NATURAL GAS PRODUCTION
GAS TREATMENT& LIQUEFACTION
2002 2030
150
680
FORECAST (Gm3/y)
+350%
Sources: IAE World Energy Outlook 2004
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14Oil Services: Technology and New Developments, London – 1 July 2005
LNG MARKET: TECHNIP
25% partner in Nigeria LNG trains
50% partner in QATARGAS I revamping
40% partner in QATARGAS II, largest ever LNG contract (USD 4 bn)
2005 Freeport LNG Receiving Terminal (USA)
26% of YE 2004 Group backlog
Technip proprietary LNG technologies:
Nitrogen Removal EfficiencyIncreased LNG ProductionNGL Extraction (CryomaxTM)LNG Transfer Systems
After major breakthroughs in 2004, Technip’s LNG business is rapidly expanding, mainly in the Mid East
TECHNIP’S LNG BUSINESS
Qatargas II Project Site
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15Oil Services: Technology and New Developments, London – 1 July 2005
III. OFFSHORE LNG
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16Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNGBreakthrough technologies in LNG:
cryogenic flexible hose and pipe-in-pipeoffshore liquefaction trainsoffshore receiving terminals
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17Oil Services: Technology and New Developments, London – 1 July 2005
Aerial flexible hose
Tested and certified
Internal tube in corrugated 304L
Polyester fibre amours & spirals
Polyethylene Foam Insulation
Sheaths: Kevlar-reinforced ethylene propylene
Cryogenic Flexible Hose
OFFSHORE LNG
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18Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNG
Cryogenic Flexible Hose
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19Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNG
Examples of Application Near-shoreOpen sea
Cryogenic Flexible Hose
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20Oil Services: Technology and New Developments, London – 1 July 2005
Invar Inner Pipe
Aspen AerogelThermal Insulation
Cryogenic Pipe-in-Pipe
Anti-Corrosion Coating(3-layer Polyethylene)
Multi-foilReflective Layer
Spacers
Carbon SteelCarrier Pipe
Main Benefits :straight in-line arrangement
minimum pipe length withfavourable impact on pressure drop, heat ingress
robustness and long termintegrity due to mechanicalprotection & gas tightness (moisture) ensured by outerCS pipe
insulation performance :material selected only onthermal insulation criteria
Annular Space filled withNitrogen
OFFSHORE LNG
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21Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNG
Remote Transfer
LNG CarrierSPM
(CALM Type)
Subsea Cryogenic Line(Technip's Pipe-in-Pipe)
LNG FPSO
Cryogenic Pipe-in-Pipe
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22Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNG
Liquefaction on Gravity Base Structure
6-tank arrangement : 200,000 m3 overall capacityLarge integrated deck : 30,000 t, 4 levels
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23Oil Services: Technology and New Developments, London – 1 July 2005
OFFSHORE LNG
New Concept of Reception Terminal
Storage capacity : 200 000 m3
Regasification : 6 Bsm3/year
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Combining Offshore & Onshore Technologies To Create New Solutions G. Christopher WeltonVP of Investor Relations
Oil Services: Technology and New DevelopmentsMerrill Lynch
London -1 July 2005
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25Oil Services: Technology and New Developments, London – 1 July 2005
TRADING TECHNIP
ISINFR0000131708
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26Oil Services: Technology and New Developments, London – 1 July 2005
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTShis presentation contains both historical and forward-looking statements. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking statements, or statements of future expectations; withinthe meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “believe”, “aim”, “expect”, anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”, “potential” or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large integrated services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel, price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabic-Persian Gulf, Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; the timing and success of anticipated integration synergies; and the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements as from January 1, 2005.
Some of these risk factors are set forth and discussed in more detail in our Annual Report on Form 20-F as filed with the SEC on June 29, 2004, and as updated from time to time in our SEC filings. Should one of these known or unknown risks materialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances. Except as otherwise indicated, the financial information contained in this document has been prepared in accordance with IFRS, and certain elements would differ materially upon reconciliation to US GAAP.
T