Subsea 7 S.a. · OSL:SUBC

Subsea 7 — Investor Presentation (October 2017)

55 slides from Subsea 7's investor presentation, Oct 12, 2017

Slide 6: Our Strategic Technology Programmes
Our Strategic Technology Programmes • Business driven technology solutions to address industry wide challenges • Client-centric innovation • Cost-efficient and commercially relevant outcomes 6 © Subsea 7 - 2017 subsea7.com
Slide 8: Flowline Systems
~~ FLOWLINE SYSTEMS Developing portfolio of high performance and cost-efficient flowline solutions to enable optimum field architecture. - Active heating systems - Electrically Heat Traced Flowline Pipe-in-Pipe (EHTF PiP) with most energy efficient system in market - Longer tie-backs - PiP with indu
Slide 12: Subsea Integration Alliance technology proposition
Subsea Integration Alliance technology proposition Integrated offering to deliver increased value Two leading companies bringing portfolio of value driven technologies Our combined know how is delivering enhanced technology for the future
Slide 13: Subsea Integration Alliance technology focus
Subsea Integration Alliance technology focus OneSubsea Capital • Production Systems Efficiency • Processing Systems • Services Oilfield Enhanced • Control Systems Digitalisation Recovery Technology • Integrated Solutions Integration Subsea 7 Program • Riser Systems • Flowline Systems Product Enhance
Slide 14: Proprietary technology and Intellectual Property (IP)
Proprietary technology and Intellectual Property (IP) • Subsea 7 has over 750 granted and pending Subsea 7 IP by category patents contained in ~170 patent families Patents filed by Subsea 7, by year 25 20 15 10 5 Rigid pipelines Riser designs i-Tech 0 Structures Swagelining 2011 2012 2013 2014 2015
Slide 16: Latest key technology development areas
Latest key technology development areas 16 © Subsea 7 - 2017 subsea7.com
Slide 17: Long-distance tie-backs
Long-distance tie-backs An increasing number of offshore oil and gas developments can be made viable with long-distance tie-backs by eliminating the need to add expensive topside facilities 17 © Subsea 7 - 2017 subsea7.com
Slide 18: Long-distance tie-backs
Long-distance tie-backs Over 20% of near to medium term development concepts are “long” Long oil tiebacks > 20 km Long gas tiebacks > 50 km 18 © Subsea 7 - 2017 subsea7.com
Slide 19: Long-distance tie-backs
Long-distance tie-backs • Our aim is to provide operators with solutions that can tie-back remote fields to existing facilities over longer distances • A typical 15km tie-back today 15km reaches an area ~700km2 30km v FPSO • A future 150km tie-back would reach an area 100 times larger: ~70,000km2 15
Slide 20: Long-distance tie-backs
Long-distance tie-backs Main challenges are Flow Assurance Waxing occurs when oil cools and Hydrates form at high pressures and solidifies in the pipeline low temperatures 20 © Subsea 7 - 2017 subsea7.com
Slide 21: Long-distance tie-backs
Long-distance tie-backs • Temperature reduction as the fluid is transported longer distances may lead to wax deposits on the pipe wall and hydrate formations during operating or reset conditions • Our technology addresses this in three different ways: Active heating Subsea processing Cold flow syste
Slide 22: Long-distance tie-backs: Active heating
Long-distance tie-backs Active heating • Subsea 7 is the only contractor with all three active heating technologies: – Direct electrical heating (DEH) – Electrically Heat traced flowline (EHTF) and – Hot water circulation in a Pipeline Bundle • Topside power generation limits the length of pipeline
Slide 23: Long-distance tie-backs: Subsea processing
Long-distance tie-backs Subsea processing • Moving topside processing facilities to the seabed • Subsea separation, seabed pumping and gas boosting • Subsea Integration Alliance, with OneSubsea, brings market-leading capability • Subsea 7 is using tow-lay installation techniques to support subsea pr
Slide 24: Long-distance tie-backs: Cold flow systems
Long-distance tie-backs Cold flow systems Wax Control Unit • Flow assurance for very long-distance tie-backs • Maintain production at ambient sea water temperatures • Wax Control Unit (WCU) based on Bundle and Pipe-in-pipe technology • Waxing is controlled by the WCU to localise wax deposition • Sub
Slide 25: Long-distance tie-backs
Long-distance tie-backs Pipe-in-pipe Heated pipe Cold Flow 25 © Subsea 7 - 2017 subsea7.com
Slide 26: Long-distance tie-backs: recent projects and prospects
Long-distance tie-backs Recent Subsea 7 projects with active heating: • The world’s first implementation of reeled CRA-lined carbon steel pipe with DEH active heating on the Maria project for Wintershall, offshore Norway • The deepest DEH system implemented to date on Chevron’s Lianzi Project, offsh
Slide 27: Pipeline Bundles and towed production systems
Pipeline Bundles and towed production systems Pipeline Bundles Towed production systems Flowlines, injection lines and Cost-effective installation of control umbilicals within a rigid, equipment within a modular large-diameter carrier pipe platform 27 © Subsea 7 - 2017 subsea7.com
Slide 28: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Multiple flowlines packaged inside a carrier pipe providing significant cost reductions compared to other pipe lay installation methods. 28 © Subsea 7 - 2017 subsea7.com
Slide 29: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Terminates with towhead structures (manifolds) 29 © Subsea 7 - 2017 subsea7.com
Slide 30: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Fabricated on-shore in a single length 30 © Subsea 7 - 2017 subsea7.com
Slide 31: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Towed to site by Controlled Depth Tow Method (CDTM) – upwards of 10,000 tonnes of pipeline system 31 © Subsea 7 - 2017 subsea7.com
Slide 32: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems 32 © Subsea 7 - 2017 subsea7.com
Slide 33: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems • Bundles completed: 81 • Longest single Bundle length: 7681 metres • Longest tie back length: 28 kilometres • Heaviest single Bundle constructed: 9154 te • Heaviest Integrated Structure: 547 te Leading and 451 te Trailing • North Sea installation: 42 me
Slide 34: Bundle Development Timeline
Bundle Development Timeline 1988 1992 1995 1980 First Norwegian CRA Pipe within a Bubi Lined Pipe First Bundle Bundle Bundle Bundle (Murchison) (East Frigg) (Embla) (BP Cyrus) 1997 1997 2001 2004 Actively Heated Shallowest Bundle Midline Structure/ Tie-in with Bundle 42m Riser Base Hyperbaric Weld (
Slide 35: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems • Bundle Migration Plan • Extended Length tows • HP/HT advancement (>220˚C) • Subsea Processing within Towheads • Deepwater Applications • Temperature Control Systems (500m>3000m) • Underwater Intervention Drones • Condition monitoring – Fibre Optics hos
Slide 36: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Submerged Production Unit (SPU), our versatile hybrid structure designed to house large subsea processing plants and integration of pre- qualified equipment via standard interfaces. • Steel sub- frame • GRP super structure • Re-useable buoyancy 36 © Subs
Slide 37: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Transport and Installation Frame (TIF) - allowing individual modules to be installed and changed out to suit field requirements 37 © Subsea 7 - 2017 subsea7.com
Slide 38: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Subsea Toolbox Standardised Scalable Re-useable 38 © Subsea 7 - 2017 subsea7.com
Slide 39: Pipeline Bundles and Towed Production Systems
Pipeline Bundles and Towed Production Systems Subsea Processing 39 © Subsea 7 - 2017 subsea7.com
Slide 40: Pipeline bundles and towed production systems
Pipeline bundles and towed production systems • Recent projects with Pipeline Bundles: – BP Andrew Development – 28 km tie-back – BG KNARR – deep water, large towheads – Premier Catcher - FPSO with 3 bundles – Apache Callater – new field with a repeat bundle design – Total Jura – large towhead with
Slide 41: Cost-efficient pipeline materials
Cost-efficient pipeline materials • Conventional pipeline material solutions are reaching cost-efficiency limits for: – deeper water production, – higher pressure and temperature wells and – more aggressive service environments • Subsea 7 continues to extend the boundaries of materials development •
Slide 42: Cost-efficient pipeline materials
Cost-efficient pipeline materials Higher strength steel • Decreased pipe wall thickness lowers procurement and fabrication costs • Reduced pipeline weight decreases the installation top-tension requirement • Development collaboration with Vallourec • Reelable X80 pipe and welding solution now qualif
Slide 43: Cost-efficient pipeline materials
Cost-efficient pipeline materials Corrosion Resistant Alloy (CRA) • CRA mechanically lined pipe is a cost- effective anti-corrosion solution • Subsea 7 has pioneered the installation of Bubi® CRA lined pipe, in collaboration with Butting • CRA pipe can be applied to both flowlines and risers • Next
Slide 44: Cost-efficient pipeline materials
Cost-efficient pipeline materials Polymer lined pipe • Polymer lined pipe is approximately 35% cheaper than CRA for water injection pipes and is suitable for all installation methods • Swagelining, owned by Subsea 7, has developed a polymer connector, Linerbridge® as an alternative CRA Swagelining L
Slide 45: Cost-efficient pipeline materials
Cost-efficient pipeline materials Composite materials • Alternative materials have already been used in subsea structures • Alternative pipeline materials are being evaluated to overcome weight and expense limitations on ultra- deep and HP/HT developments • Subsea 7 is working with vendors on develo
Slide 46: Cost-efficient pipeline materials
Cost-efficient pipeline materials Recent Subsea 7 projects with cost-effective pipeline materials: • The Mad Dog 2 project for BP is the first project outside the North Sea to use Swagelining technology • The Maria project for Wintershall used LinerBridge® connectors on its reeled water injection pi
Slide 47: IRM and i-Tech Services
IRM and i-Tech Services i-Tech Services • Inspection, Repair and Maintenance (IRM) of existing offshore infrastructure • Drawing on cutting-edge data management and geographical information systems to increase maintenance efficiency • Bespoke ROV tooling solutions • Over 175 ROVs • Over 35 year’s ex
Slide 48: IRM and i-Tech Services
IRM and i-Tech Services I N T E G R AT E D SENSORS A U TO N O M O U S D ATA & & & S U RV E I L L A N C E R E PA I R S Y S T E M S HOSTED SYSTEMS 48 © Subsea 7 - 2017 subsea7.com
Slide 49: IRM and i-Tech Services
IRM and i-Tech Services Integrated Data & Surveillance • Enabler to improved decision making and focus on critical datasets • Increased responsiveness through Standardising and Automating data processing systems • Visual recognition systems and AI predicting events, failures and trending data. 49 ©
Slide 50: IRM and i-Tech Services
IRM and i-Tech Services Sensors, Monitoring & Repair Systems • Enabling sensors for real time condition monitoring and life extension • Fast response repair solutions to maintain availability and lower MTTR • Development of low cost repair and tie-in solutions using epoxy • Suite of tooling enabling
Slide 51: IRM and i-Tech Services
IRM and i-Tech Services Autonomous & Hosted Systems • Enable harsh environment, remote and environmentally sensitive area operations and reduce dependency on ROV support vessel • Electric based systems for reliability, power efficiency and environmentally sensitive • Bring end user closer to operati
Slide 52: IRM and i-Tech Services
IRM and i-Tech Services Disruptive Solutions Incremental Intelligent Asset Development Management • Predictive Maintenance Systems • Feedback loop to OPEX risks in greenfield design Reduce Vessel Time • Autonomous and seabed Hosted Systems Faster Data Cycle • Acquisition • Processing • Reporting Rem
Slide 53: IRM and i-Tech Services
IRM and i-Tech Services Recent i-Tech Services technology activity includes • The design, development and delivery of the EPRS for Chevron & INPEX • Use of autonomous surface vessels in the metrology and survey of fields in Gulf of Mexico and Egypt • Design, testing and verification by DNV-GL of an
Slide 54: Creating Value through innovation and technology
Creating Value through innovation and technology Client-responsive technology development that is delivering technological innovations and solutions to the market that create real value 54 © Subsea 7 - 2017 subsea7.com

Subsea 7 — Investor Presentation (October 2017) on 6ix

Subsea 7 — Investor Presentation (October 2017)

Slide 1: Innovation and Technology

Slide 2: © Subsea 7 - 2017 subsea7.com

Slide 3: © Subsea Subsea 7 7 - 2017 subsea7.com

Slide 4: © Subsea 7 - 2017 subsea7.com

Slide 5: © Subsea 7 - 2017 subsea7.com

Slide 6: Our Strategic Technology Programmes

Slide 7: Riser Systems

Slide 8: Flowline Systems

Slide 9: Subsea Processing

Slide 10: Pipelines Bundles

Slide 11: Life of Field & Remote Intervention

Slide 12: Subsea Integration Alliance technology proposition

Slide 13: Subsea Integration Alliance technology focus

Slide 14: Proprietary technology and Intellectual Property (IP)

Slide 15: © Subsea 7 - 2017 subsea7.com

Slide 16: Latest key technology development areas

Slide 17: Long-distance tie-backs

Slide 18: Long-distance tie-backs

Slide 19: Long-distance tie-backs

Slide 20: Long-distance tie-backs

Slide 21: Long-distance tie-backs

Slide 22: Long-distance tie-backs: Active heating

Slide 23: Long-distance tie-backs: Subsea processing

Slide 24: Long-distance tie-backs: Cold flow systems

Slide 25: Long-distance tie-backs

Slide 26: Long-distance tie-backs: recent projects and prospects

Slide 27: Pipeline Bundles and towed production systems

Slide 28: Pipeline Bundles and Towed Production Systems

Slide 29: Pipeline Bundles and Towed Production Systems

Slide 30: Pipeline Bundles and Towed Production Systems

Slide 31: Pipeline Bundles and Towed Production Systems

Slide 32: Pipeline Bundles and Towed Production Systems

Slide 33: Pipeline Bundles and Towed Production Systems

Slide 34: Bundle Development Timeline

Slide 35: Pipeline Bundles and Towed Production Systems

Slide 36: Pipeline Bundles and Towed Production Systems

Slide 37: Pipeline Bundles and Towed Production Systems

Slide 38: Pipeline Bundles and Towed Production Systems

Slide 39: Pipeline Bundles and Towed Production Systems

Slide 40: Pipeline bundles and towed production systems

Slide 41: Cost-efficient pipeline materials

Slide 42: Cost-efficient pipeline materials

Slide 43: Cost-efficient pipeline materials

Slide 44: Cost-efficient pipeline materials

Slide 45: Cost-efficient pipeline materials

Slide 46: Cost-efficient pipeline materials

Slide 47: IRM and i-Tech Services

Slide 48: IRM and i-Tech Services

Slide 49: IRM and i-Tech Services

Slide 50: IRM and i-Tech Services

Slide 51: IRM and i-Tech Services

Slide 52: IRM and i-Tech Services

Slide 53: IRM and i-Tech Services

Slide 54: Creating Value through innovation and technology

Slide 55: © Subsea 7 - 2017 subsea7.com