Keppel Ltd. · SGX:BN4

Keppel — Pareto Securities' 24th Annual Oil & Offshore Conference 2017

42 slides from Keppel's conference presentation, Sep 13, 2017

  1. Slide 1: Pareto Securities' 24th Annual Oil & Offshore Conference

    Pareto Securities’ 24th Annual Oil & Offshore Conference 13-14 September 2017 Chris Ong CEO Keppel Offshore & Marine 1

  2. Slide 2: Disclaimer

    Disclaimer This release may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and regul

  3. Slide 3: The Keppel Group

    The Keppel Group Providing solutions for sustainable urbanisation Offshore & Marine Property Infrastructure Investments • New builds • Property • Energy & • Asset • Offshore development environmental management • Gas & specialised related infrastructure • Property & vessels • Investments infrastruct

  4. Slide 4: Keppel Offshore & Marine

    Keppel Offshore & Marine Ship Repair & Specialised Offshore Technology Conversion Shipbuilding Leading designer, Trusted industry Designer and Design and builder and repairer name for repair, builder of a wide engineer market- of high-performance conversion and spectrum of highly relevant and mobile

  5. Slide 5: Maintaining Executional Excellence

    Maintaining Executional Excellence 5

  6. Slide 6: Major Deliveries in 2017

    Major Deliveries in 2017 BW Catcher Heydar Aliyev John Agyekum Kufour FPSO completion and integration Newbuild Semisubmersible drilling FPSO conversion rig Hilli Episeyo MPV Everest Khankendi FLNGV conversion Newbuild Ice class vessel Newbuild Subsea Construction Vessel 6

  7. Slide 7: Keppel's Order Backlog

    Keppel’s Order Backlog  Order backlog at end-Aug 2017 Net orderbook* includes Newbuild  17 newbuild jackup rigs semis Newbuild 6%  9 FPSO/FLNG projects jackups 20%  One ice-class MPV Others**  One Subsea Construction Vessel 4% S$3.4b  Four dredgers  Two dual fuel tugs Specialised  Two LNG ca

  8. Slide 8: Capturing Near Market, Near Customer Opportunities

    Capturing Near Market, Near Customer Opportunities 8

  9. Slide 9: Delivering Customised Solutions to Azerbaijan

    Delivering Customised Solutions to Azerbaijan  Recently delivered Heydar Aliyev, the first modern semisubmersible to be almost completely built in Azerbaijan  Fabrication, integration, testing and commissioning completed in Azerbaijan; Fabrication of columns in Singapore  Subsea Construction Vess

  10. Slide 10: Gulf of Mexico and US Jones Act market

    Gulf of Mexico and US Jones Act market  Keppel AmFELS enters Jones Act market to build two LNG-fuelled containerships  Enhanced yard facilities to undertake shipbuilding  Replacement cycle for the aging Jones Act fleet to meet environmental regulations  Mexico’s energy reforms expected to increa

  11. Slide 11: Reliable Partner in Brazil

    Reliable Partner in Brazil  BrasFELS is currently undertaking P-69 for Petrobras  P-66 achieved first oil in May 2017 in the Lula Sul field, Santos Basin, Brazil  Since 2010, BrasFELS has completed eight FPSO projects  Steady stream of repair jobs:  Upgrade on semisubmersible Olinda Star and we

  12. Slide 12: Strengthening Capabilities in China

    Strengthening Capabilities in China  Strengthened capabilities in Keppel Nantong to provide strong support for Keppel O&M’s projects  Undertaking three Trailing Suction Hopper Dredgers and two small-scale LNG carriers Trailing Suction Hopper Dredger Small-scale LNG carrier 12

  13. Slide 13: Serving the Middle East market

    Serving the Middle East market  Saudi Aramco reportedly looking to buy at least 20 jackups  Keppel LeTourneau in UAE providing end-to-end jackup rig solutions, including rig kits as well as aftersales and aftermarket services  Opportunities for liftboats for life extension work and upgrading of p

  14. Slide 14: Industry Headwinds

    Industry Headwinds  Uncertainty in oil and gas market despite oil price recovery  Cautious approach by E&P companies  Oversupply in jackup rig market  Limited impact of OPEC production cuts  Opportunities exist in the oil and gas and adjacent markets  Increase need for production units  Globa

  15. Slide 15: Optimising Operations & Harnessing Synergies

    Optimising Operations & Harnessing Synergies 15

  16. Slide 16: Reorganised to Optimise Synergies

    Reorganised to Optimise Synergies New Builds Division Conversions & New Builds Repairs • Integrating and executing key functions, such as engineering, Gas & Specialised Repair & Offshore procurement and operations Shipbuilding Conversion Conversions & Repairs Division • Drawing on Group’s extensive

  17. Slide 17: Improving Productivity

    Improving Productivity  Automation  Robotic technology  Process improvements  Methodology  Innovation  Safety and equipment  3D Printing  Studying material qualification  Print-on-demand  3D scan of vessel internals 17

  18. Slide 18: Solutions Provider in the Energy Market

    Solutions Provider in the Energy Market 18

  19. Slide 19: Long Term Energy Future

    Long Term Energy Future BP Energy Outlook 2017 19

  20. Slide 20: Solutions Provider in the Energy market

    Solutions Provider in the Energy market  Rigs  Jackups and floaters for all environments  Aftermarket and aftersales services  Floating Production  FPSO Conversions and New Builds  Next generation semisubmersibles, TLPs and MOPUs  Gas solutions across the value chain  FLNG / FSRU / LNG Carri

  21. Slide 21: Drilling Rig Market

    Drilling Rig Market  Opportunities in certain markets  Increased activity in the resale jackup market  Sale of Transocean jackups to Borr Drilling  Demand for high spec reliable rigs like the KFELS B Class  40% of harsh environment and mid-water rigs > 26 years old Dayrate, JU IC (new) std Dayr

  22. Slide 22: Floating Production Market

    Floating Production Market  FPU market could see between 83 -168 orders over next five years with a mid-case forecast of $86 billion to be spent on 119 units*  Key selection considerations for FPU projects  Strong project management  Track record  Cost-efficiency  Contractors to undertake comp

  23. Slide 23: Floating Production Market

    Floating Production Market  Floating Production Storage and Offloading Vessels  Undertake complex conversions with expanded scope to include enhanced engineering, procurement, topsides construction and full commissioning capabilities  Able to undertake newbuild FPSOs BW Catcher - FPSO Hull and ma

  24. Slide 24: Floating Production Market

    Floating Production Market  Newbuild Production Semisubmersibles  Customised  Deepwater  Tension Leg Wellhead Platform (TLWP)  Proven Keppel FloaTEC designs P-61 TLP for Brazil  Ca Rong Do in Vietnam  Hull and mooring engineering, Topsides basic engineering; Construction management support 

  25. Slide 25: Providing Solutions Across the Gas Value Chain

    Providing Solutions Across the Gas Value Chain 25

  26. Slide 26: Gas Industry Partner & Enabler

    Gas Industry Partner & Enabler Keppel designs, develops and integrates solutions for the seamless delivery of LNG across the gas value chain 26

  27. Slide 27: Empowering Gas Delivery

    Empowering Gas Delivery Keppel is well-positioned to meet emerging trends in the gas market with a suite of innovative solutions catering to the entire value chain. Upstream Midstream Downstream Gas to LNG to LNG to Gas to Gas as LNG Users Gas Power Fuel Conventional LNG LNG for Transport Liquefacti

  28. Slide 28: World's First FLNGV Conversion

    World’s First FLNGV Conversion  Converted Floating Liquefied Natural Gas Vessels (FLNGV) enable rapid and lower-cost monetisation of marginal and stranded gas fields  Innovative concept - Added sponsons to provide 8000 sqm additional deck space to accommodate a 20,000 MT process topside and suppor

  29. Slide 29: Gas Industry Partner & Enabler

    Gas Industry Partner & Enabler Keppel provides innovative gas solutions, integrating them across the value chain to bring LNG from producers to consumers . Liquefaction Track Record Keppel’s Track Record Head start with Golar Hilli • World’s leader in FSRU, FSU Conversions • Achieved FID at low oil

  30. Slide 30: Increasing Focus on Renewables

    Increasing Focus on Renewables 30

  31. Slide 31: Increasing Focus on Renewables

    Increasing Focus on Renewables 31

  32. Slide 32: Increasing Focus on Renewables

    Increasing Focus on Renewables Wind Energy Ocean Energy 32

  33. Slide 33: Offshore Wind Market

    Offshore Wind Market Record installation of renewable power capacity worldwide in 2016 of 138.5GW, from 127.5GW in 2015  UK’s offshore wind sector could power a £17.5bn investment in the UK economy over the next four years1  Offshore wind farm costs in UK fall to less than half of two years ago 1.

  34. Slide 34: Full Suite of Offshore Wind Support Solutions

    Full Suite of Offshore Wind Support Solutions INSTALLATION VESSELS  Multipurpose Self Elevating Platform  ORCA Liftboat designs OFFSHORE FOUNDATION SUBSTATIONS SOLUTIONS  Jackets  Monopiles  Floaters 34

  35. Slide 35: Diverse Specialised Products

    Diverse Specialised Products 35

  36. Slide 36: Diverse Specialised Products

    Diverse Specialised Products  Marine and Offshore support  LNG-fuelled containerships  Subsea construction vessels  Pipelay vessels  Cable laying vessels  Ice-class vessels  Offshore Installation and Construction Ice-breakers Toboy and Varandey  Liftboats  Dredgers  Offshore Infrastructure

  37. Slide 37: Specialised Vessels

    Specialised Vessels  Enhanced Energy Efficient Platform Supply Vessel  Improved hull form for greater fuel- efficiency  DC grid system design EEE PSV  Hybrid Tugs  LNG + Battery for greater fuel efficiency  Ice-class Vessels  Multipurpose vessels and ice-breakers Hybrid Tug 37

  38. Slide 38: Specialised Vessels

    Specialised Vessels  LNG Containerships  Proprietary Greenmax 2525TEU design  Customised using CFD for optimum length and power  State-of-the-art hull form and underwater propulsion system  LNG propulsion systems to reduce Customised LNG Containership environmental impact for Tier III Complianc

  39. Slide 39: Specialised Vessels

    Specialised Vessels  Liftboats  Keppel’s Orca design - more functional and versatile than traditional liftboats  Single / Dual Fuel Floating Power Barges  Enhanced efficiency  High maneuverability  Continuous power generation with redundancy Floating Power Barge Liftboat – Orca design 39

  40. Slide 40: Repurposing Offshore Technology

    Repurposing Offshore Technology  Floating Desalination Plant  Floating Data Centre  Aquaculture (Offshore Fish Farm)  Offshore Logistics Hub Offshore Aquaculture Facility Floating Data Centre 40

  41. Slide 41: We aim to anchor our position as the trusted and preferred solutions partner

    We aim to anchor our position as the trusted and preferred solutions partner in the offshore & marine industry by seizing opportunities to build and grow our businesses. 41

  42. Slide 42: Thank you Q&As

    Thank you Q&As 42 y+) +I: | Offshore & Marine

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