Robust Solutions for New Frontiers Chow Yew Yuen

Transcription

1 Robust Solutions for New Frontiers Chow Yew Yuen COO & CEO-Designate Keppel Offshore & Marine 1

2 About the Keppel Group Offshore & Marine Infrastructure Property Investments Rig design & construction Ship repair & conversion Specialised shipbuilding Power & gas Environmental engineering Logistics & data centres Property development Property fund management Independent upstream company Diversified investment company Integrated communications service provider Market capitalisation of S$18.3b* * As of 03 Sept

3 Segmental Breakdown Offshore & Marine contributes over 60% of Keppel Corporation s net profit Property 12% S$698m Infrastructure 28% S$1,607m 1H 2013 Revenue: S$5,835m Offshore & Marine 60% S$3,520m Investments 3% S$22m Property 22% S$147m Infrastructure 9% S$63m 1H 2013 Net Profit: S$677m Offshore & Marine 66% S$445m 3

4 About Keppel Offshore & Marine Keppel Offshore & Marine Offshore Jackups Semisubmersibles Floating Production Units Ship repair & conversion FPSOs FSRUs FSOs FSUs Drillship upgrade/ enhancements Turret & module fabrications Specialised shipbuilding Offshore support vessels Harbour tugs Ice-Class vessels Pipelay vessels Specialised workboats 4

5 Keppel O&M Key Highlights as at 1H Record Delivery Delivered 12 out of 22 newbuild rigs New Orders Secured S$3.0b Net Orderbook S$13.1b with deliveries into

6 Total Solutions 6

7 Total Solutions 7

8 Proven Jackup Solutions KFELS B Class Jackup KFELS A Class Jackup KFELS Super A Class Jackup KFELS N Class Jackup KFELS Super B Class Jackup KFELS Multi-Purpose Self-Elevating Platform 8

9 The Industry Standard KFELS B Class Jackup 66 ordered since operating worldwide High efficiency drilling with minimal downtime Reduced emissions Proprietary jacking & fixation systems Readily upgradeable to meet customers needs KFELS B Class jackup 9

10 Proven Deepwater Solutions DSS TM 51 Semi DSS TM 38 Semi Series Semi Accommodation SSAU TM 5000NG Semi-Drilling Tender SSDT TM

11 Market-Leading Drilling Semisubmersible Design DSS TM 38 series 2 DSS TM 38 semi delivered to QGOG 6 DSS TM 38E semi ordered by Sete Brasil 1 DSS TM 38M semi ordered by SOCAR Double-skin columns protect equipment from external impact Heavy-duty payload reduces frequency of transporting supplies Well-suited for the deepwater golden triangle DSS TM 38 11

12 12 The Preferred Solutions Partner

13 13 Innovating to meet customers needs across global frontiers

14 Advanced Jackup Solutions Responding to market needs KFELS E Class KFELS J Class KFELS NE Class Arctic Ice-Class 14

15 Advanced Deepwater Solutions Responding to market needs DSS TM 60HE Semi SSDT TM 5000E CAN DO Drillship 15

16 CAN DO Drillship Designed to meet operators latest requirements Features: High functional & useable deck space covered effectively with cranes Enhanced tank capacities Ergonomic space arrangement High speed and fuel autonomy Improved drilling efficiency Efficient escape & access routes 16

17 CAN DO Drillship Progress: Class approval obtained Model test completed 3D detail engineering near completion Construction method set Ready for orders. 17

18 FLNG Solutions For up to 2.0 MTPA Completed FEED study to develop Golar s first Floating Liquefied Natural Gas (FLNG) vessel Builds on track record of 3 Floating Storage & Regasification Unit (FSRU) conversions FLNG design enhances flexibility & efficiency for tapping remote reserves Note: MTPA = Million Tonnes Per Annum 18

19 FLNG Solutions Mid & small scale concepts featuring Keppel s LNG technology FLNG conversion for 1.0 MTPA Jetty-moored FLNG concept for near shore LNG terminals Newbuild barge for 0.5 MTPA Capable of oil production & treatment of associated gas in shallow waters Pre-FEED study completed 19

20 20 Near Market, Near Customer

21 Singapore: Centre of Excellence Keppel FELS: Offshore rig design, construction & repair Built about 50% of jackups & a third of semis worldwide since 2000 Reliable execution: Delivered 15 out of record 20 rigs this year Secured 10 KFELS B Class jackup orders year-to-date Keppel FELS, Singapore 21

22 Singapore: Centre of Excellence Keppel Shipyard: Expertise in vessel conversion & repair Expertise in ship repair with an average of 400 vessels/year Track record of 109 FPSO/FSO/FSRU conversions & upgrades Keppel Shipyard, Singapore 22

23 FPSO/FSO/FSU conversion & upgrade FSRU conversion Turret fabrication LNG carrier repair 23 Skarv Turret

24 Singapore: Centre of Excellence Keppel Singmarine: Specialised shipbuilding & design Wide spectrum of customised turnkey solutions Constructed over 400 specialised vessels for global clientele Executing a Platform Supply Vessel for McDermott & a Diving Support Vessel for Bhagwan Marine Asia s first ice-breakers for the Arctic region Rockdumping vessel Pipelay vessel 24

25 Supporting Network of Asian Yards Keppel Nantong, China Bintan Offshore, Indonesia Keppel Subic Shipyard, the Philippines Keppel Batangas Shipyard, the Philippines 25

26 Brazil: Local Content Delivery BrasFELS, Angra dos Reis, Brazil 26

27 Brazil: Contribution to Brazil s Capacity bpd bpd bpd bpd bpd P-18 P-27 FPSO Cidade de Anchieta FPSO Brasil bpd bpd bpd bpd FPSO Cidade São Mateus bpd FPSO Marlim Sul bpd FPSO Capixaba bpd SSP Piranema bpd FPSO Espirito Santo bpd Cidade de Sao Vincente FPSO Peregrino FPSO P 53 FPSO Polvo OSX 1

28 Brazil: Solid Offshore Track Record FPSO Cidade de Sao Paulo FPSO Cidade de Paraty 28

29 Brazil: Local Content Delivery Total Solutions Provider Offshore rigs FPSO Specialised vessels Repairs & Upgrades DSS TM 38E semis for Sete Brasil in progress FPSO topside fabrication & integration for Petrobras, MODEC & SBM 2nd phase of KSM Brasil in progress Delivered 1 tug; Constructing another 5 tugs & 2 PSVs Rig repair & upgrade Noble drillship upgraded 29

30 Brazil: Reliable Execution 6 DSS TM 38E semis 1st unit reached revenue recognition threshold 2nd unit struck steel Harnessing synergy between global yards P-61 TLWP Successful mating of the topsides & hull 30

31 Mating of P-61, Brazil s first TLWP 1. Hull was towed from BrasFELS to a deepwater mating hole near Angra dos Reis 2. Hull was ballasted down to achieve the required mating draft 3. Topsides were positioned over the submerged four column hull 31

32 Mating of P-61, Brazil s first TLWP 4. Upon de-ballasting, the hull connected to the topsides via specially designed receptacles and stab-in cones 32

33 US Gulf of Mexico: Established Reputation Keppel AmFELS in Texas Capacity to build up to 4 jackups per year Has to date delivered a total of 18 jackups 4 th Perforadora Central rig in progress Upgrading Diamond Offshore s semi Keppel AmFELS, Texas, US 33

34 Mexico: Growing Clientele Keppel O&M Group won 16 jackup orders from Mexico; 13 of these are KFELS B Class rigs KFELS B Class for Oro Negro 34

35 North Sea: Robust Solutions North Sea Compliant Jackup & Semi solutions KFELS Super A Class KFELS N Class CJ-70 DSS TM 20NS Delivered 2 KFELS Super A Class jackups; another 3 under construction 3 KFELS N Class jackups for Rowan performing well Building 3 CJ-70 jackups for Maersk Secured Floatel s 5th accommodation semi for the harsh environment 35

36 Caspian Sea: Valued Partnerships Caspian Shipyard Company, Azerbaijan Early mover to support SOCAR s fleet expansion needs Deepening presence in Azerbaijan Secured DSS TM 38M semi order from SOCAR in 2Q

37 Caspian Sea: Second yard in Azerbaijan Baku Shipyard 37

38 Middle East: Comprehensive Service Hub Nakilat-Keppel O&M, Qatar, has repaired over 150 vessels to-date 38

39 39 Full spectrum of repair, fabrication & maintenance services

40 Vision, Mission & Core Values Vision To be the provider of choice & partner for solutions in the global offshore & marine industry Mission We seek to achieve customer satisfaction through technological leadership & in building a people-oriented organisation Core Values 40 40

41 41 Thank you Q&As