Knot Offshore Partners Lp · NYSE:KNOP
Knot Offshore Partners Lp — Investor Day (October 2021)
16 slides from Knot Offshore Partners Lp's investor day presentation, Oct 6, 2021
Slide 1: Market Outlook
MARKET OUTLOOK KNOT OFFSHORE PARTNERS LP INVESTOR DAY OCTOBER 6 TH 2021 TORE GULDBRANDSOY, SVP
Slide 2: Disclaimer
Disclaimer This report has been prepared by Rystad Energy (the “Company”). All materials, content and forms contained in this report are the intellectual property of the Company and may not be copied, reproduced, distributed or displayed without the Company’s permission to do so. The information con
Slide 3: Content
Content Oil Market short to medium term Energy Transition Drivers and Scenarios Brazil and North Sea M&A Quiet before the storm ? 3
Slide 4: Delivery channels to meet your business needs
Delivery channels to meet your business needs Data Analytics Advisory “Fit for purpose” solutions. An ever-evolving A-Z library of Bespoke and customized Data feeds, dashboards, GIS the energy sector - comprising consulting engagements services and our proprietary of reports, daily commentaries Cube
Slide 5: A micro to macro philosophy
A micro to macro philosophy Over 2.000 Over Supply Chain Companies Over 5.000 Data updates p/ day 80.000 Renewable assets Over 85.000 E&P assets Over Over 50.000 5.000 Energy companies Subscribers worldwide Nearly 4,000,000 Underlying wells 5
Slide 6: We expect oil demand back to pre-virus levels in 2022
We expect oil demand back to pre-virus levels in 2022 Covid-19 impact on global oil products demand by sector relative to pre-virus levels*** Million barrels per day 10.0 Aviation Trucks Vehicles Maritime 5.0 Petrochemicals Other* Total impact vs pre-virus Slow vaccination scenario 3.3 0.0 1.7 1.8 2
Slide 7: 2021 to be record cash flow year ever for E&Ps
2021 to be record cash flow year ever for E&Ps Free cash flow* for all public E&P companies and Brent oil price Billion USD (real) USD per barrel (real) High oil price High oil price 450 140 and high cost and low cost 400 120 350 100 300 Low oil price and low cost 250 80 200 Oil price 60 150 Free Ca
Slide 8: Energy Transition with increased momentum
Energy Transition with increased momentum “President Biden will commit the United States to cutting emissions by half by the end of the decade”. Biden’ intelligence director tells world leaders climate is now at the center of US foreign policy. New York Times”. “From 2030 to 2050, renewable hydrogen
Slide 9: CO2 emissions for nine scenarios in Energy Scenario Cube
CO2 emissions for nine scenarios in Energy Scenario Cube Global CO2 emissions 1965-2100 CO2 Gt emissions to Year net Scenario net zero (Gt) zero (Gt) 40 RE 1.4 DG (AR6) 370 2035 RE 1.5 DG (AR6) 490 2046 RE 1.6 DG (AR6) 660 2056 30 RE 1.7 DG (AR6) 830 2066 RE 1.8 DG (AR6) 990 2077 RE 1.9 DG (AR6) 117
Slide 10: Global Oil demand scenarios with large range towards 2045
Global Oil demand scenarios with large range towards 2045 Oil demand by scenario Million barrels per day 120 IEA NZE RE 1.5 DG (AR6) 109 RE 1.6 DG (AR6) RE 1.7 DG (AR6) 104 100 RE 1.9 DG (AR6) RE 2.1 DG (AR6) 101 90 80 75 60 58 58 40 26 20 0 1965 1975 1985 1995 2005 2015 2025 2035 2045 Source: Rysta
Slide 11: Offshore oil production delivered at stable levels for last 20 years
Offshore oil production delivered at stable levels for last 20 years Global liquid* production by segment 1960-2020 Million barrel per day 120 Other Onshore Onshore LNG Oil Sands Shale/Tight oil 100 Offshore shelf Offshore midwater Offshore deepwater 80 60 40 20 27% 0 1960 1970 1980 1990 2000 2010 2
Slide 12: Oil production has increased in the North Sea and Brazil since 2013
Oil production has increased in the North Sea and Brazil since 2013 Oil production* North Sea (Norway, UK) and Brazil 2010-2020 Million barrel per day 6.0 5.0 4.0 3.0 2.0 1.0 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: Rystad Energy research and analysis. UCube September 2021.
Slide 13: Oil shuttle tanker volumes increased, but pipeline volumes stable since 2013
Oil shuttle tanker volumes increased, but pipeline volumes stable since 2013 Oil production* North Sea and Brazil split by export category 2010-2020 Million barrel per day 6.0 Vessel transported Offshore pipeline 5.0 4.0 3.0 2.0 1.0 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source:
Slide 14: Shuttle tanker volumes could increase 63% in Brazil and 27% in the North Sea
Shuttle tanker volumes could increase 63% in Brazil and 27% in the North Sea to 2031 Oil production shuttle tanker volumes split by lifecycle Million barrel per day 5.0 1.4 4.5 2021-2031: +63% 2021-2031: +27% 1.2 4.0 Non-sanctioned Non-sanctioned 3.5 1.0 fields fields 3.0 Fields 0.8 Fields under 2.5
Slide 15: Brazil and Norway leading the offshore recovery
Brazil and Norway leading the offshore recovery Greenfield Capex new field developments offshore with expected sanction 2021-2023/2024 Billion USD Brazil Norway Qatar United Kingdom United States UAE Australia Guyana Saudi Arabia Mexico 0 10 20 30 40 Source: Rystad Energy research and analysis. UCub
Slide 16: Tore Guldbrandsøy SVP & Head of Stavanger Office
Rystad Energy is an independent energy consulting services and business intelligence data firm offering global databases, strategy advisory and research products for energy companies and suppliers, investors, investment banks, organizations, and governments. Rystad Energy’s headquarters are located