Sbm Offshore Nv · EURONEXT:SBMO
Sbm Offshore Nv — Investor Day (September 2014)
36 slides from Sbm Offshore Nv's investor day presentation, Sep 19, 2014
Slide 1: Projects & Operations
Projects & Operations Bernard van Leggelo Group Executive MD September 19, 2014 © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com
Slide 2: HSSE & Social Performance
HSSE & Social Performance TRIFR 2014 – vs. Industry 2013 Our Goals Petrofac (2013) No Harm • 12 Life Saving Rules SBM wide SHELL (2013) • ‘Post – Push – Show – Practice’ Saipem (2013) • ISRS (International Sustainability Rating System) being SBM (Q2 2014) implemented BW Offshore (2013) No Leaks IMCA
Slide 3: Quality at SBM
Quality at SBM Engineer, Procure, Construct, Operate Invest In Our Future • Equipment criticality levels - assessed probability and consequence of failure • Flawless delivery of world-class • Vendors approved for specific products product • Regulatory Compliance, Class requirements, • From project e
Slide 4: SBM Unique Value Proposition; Delivering the Full Product Lifecycle
SBM Unique Value Proposition; Delivering the Full Product Lifecycle Engineering Procurement 50 years of industry firsts Integrated supply chain Leading edge technology Global efficiencies Local sourcing Product Life Extension Construction Leader in FPSO relocation Strategic partnerships World class
Slide 5: Corporate Engineering Standards (CES)
Corporate Engineering Standards (CES) Current Best Alignment Process Lessons Learned Practices with Major Oil (Project, Services, SBM (SBM / DWIs, EPS…) Companies Operations, Vendors…) 20 Years Continuous Experience of FSO & FPSO CES Updating Process Design SBM Operations ABS Rules, Norsok, Guidelin
Slide 6: Conventional Project Execution
Conventional Project Execution • Use of sub-contractor to work out client concept based on client standards Basic Engineering • Multiple parties; different parties • No continuity between projects • Difficult learning process Detailed Design & Procurement Construction & Commissioning • Yard has stro
Slide 7: SBM Alternative Project Execution
SBM Alternative Project Execution • Not always client detailed design basis • High level functional spec • Fully integrated Project Conceptual Design Functions • Seamless Tools across Phases Operation & Detailed Design & Maintenance CES Procurement • High added value by FPSO specialist Construction
Slide 8: Typical Construction Strategy
Typical Construction Strategy • Long term proven execution methodology and partners • Shipyard and fabrication yards standard frame agreements with BOQ and agreed preambles thereby reducing risk of contractual difficulties • Use of “pick and run” strategy for modules avoids additional risk from sea
Slide 9: A Lifecycle Gate Process
A Lifecycle Gate Process WIN EXECUTE OPERATE 9
Slide 10: Gate Process & Independent Project Reviews
Gate Process & Independent Project Reviews Gate Gate Name Timing Primary Question No. (Level 1) Is the Project properly handed-over from When Project secured: 1 Project Kick Off Sales/Proposals to Operations/PMT and is it ready for Contract or LOI signed. execution? Is the Project now properly set u
Slide 11: Monthly Reporting
Monthly Reporting Management Project Team and Senior Management reviews the Project's Dashboards strategic subjects and its future plans and actions. Project Manager and the Project Leadership reviews the Project Reports detailed status of the Project in order to identify future actions. Monthly Ris
Slide 12: Completions – Commissioning
Completions – Commissioning • The management of interfaces will include engineering, supply chain, construction, completion, operation readiness and operation using specialized SBM tools • Completions at Project start for Product Assurance • Operations at Project start for Operational Assurance Tran
Slide 13: What Can We Do to Reduce Cost & Schedule?
What Can We Do to Reduce Cost & Schedule? • Less optimisation Standardisation • Generic solutions wherever possible • Leverage supplier & contractor know-how • Process Intensification on topsides Simplification • Achieve the same functions with less equipment • Frame Agreements with pre-agreed Suppl
Slide 14: SBM own installation; Normand Installer
SBM own installation; Normand Installer Unique Double Deck Concept • 2 independent work sites • Allow safe simultaneous operation • Dedicated area for offshore operations • Large storage capacity without affecting operation • Minimize operation Gain of Safety + Gain of Versatility + Optimize Operati
Slide 15: Normand Installer; Swiss Army Knife
Normand Installer; Swiss Army Knife Combination / Redundancy 250t AHC 350t AHC 200t 500t AHC 15
Slide 16: Normand Installer Track Record
Normand Installer Track Record Normand Installer Main Track Record Okwori, Oyo Kikeh Agbami Malaysia Nigeria Nigeria NOBLE-ASENG EG Moho-Bilondo TUI Azurite Congo New Zealand Congo Dalia-Pazflor- Clov-N’Goma Angola Mondo & Saxi Angola Frade & BC10 (SHELL) Brazil 16
Slide 17: Topsides – Layout; 2nd Generation
Topsides – Layout; 2nd Generation Mod 14 Chemical & Ethanol Storage and Injection Mod 15 Starboard Laydown Area Mod 16 Flare K.O. Drums Mod 19 Methanol Storage Mod 20 Pipe Rack Mod 21 Production Fiscal Metering Skid Mod 22 Laboratory Mod 23 Stores Module Mod 01 HP & Test Separation Mod 02 LP Separat
Slide 18: Topsides – Deck View
Topsides – Deck View 18
Slide 19: One Size Up…
o _) CO) IN WY) O) = O
Slide 20: Third Generation…leaving quayside
Third Generation…leaving quayside 20
Slide 21: Cidade de Maricá and Saquarema Project Overview
Cidade de Maricá and Saquarema Project Overview General Overview Maricá and Saquarema FPSOs are nearly identical Vessel Specification Saquarema differences are shown in Blue • VLCC Double Hull Eli / Leander • Hyundai HI; Built 2000 • Lease: 20 yrs for each FPSO – Client Petrobras • Crude oil ballast
Slide 22: Cidade de Maricá and Saquarema Project Execution Overview
Cidade de Maricá and Saquarema Project Execution Overview Engineering Procurement Vessel SBM Offshore – Monaco Execution Center Marine SBM Offshore Engineering Procurement Mooring SBM Offshore – Monaco Execution Center Mooring SBM Offshore Engineering Procurement Topside SBM Offshore – Schiedam and
Slide 23: Project Execution Locations
Project Execution Locations Eng. & Procurement Engineering & Proc’t SBM Monaco SBM Schiedam Asia Modules Brazil Modules Asia Module Fabrication Brazil Module Fabrication, Vessel Int’n and Commissioning Vessel Conversion & Offshore Commissioning Integration Site Management, Brazil Supply Chain, Logis
Slide 24: Project Management Structure
Project Management Structure Defined Project Organization Multiple SBM Execution Centers and work locations to be managed and interfaces controlled Organization structured with a Global Project leadership team headed by the Project Director and management organization by execution center and yard wo
Slide 25: Progress – Module Yards
Progress – Module Yards 25
Slide 26: Progress – Construction Vessel Conversion
Progress – Construction Module Vessel Conversion Yard Progress DM China 26
Slide 27: Brazil Module Yard
Brazil Module Yard 27
Slide 28: Lease & Operations
Lease & Operations Semi-Submersible FPSOs FSO MOPU 28
Slide 29: We Operate and Maintain the Fleet According to Our Business Drivers
We Operate and Maintain the Fleet According to Our 5 Business Drivers Operational Asset Integrity Performance HSSE Commercial Sustainability Performance 29
Slide 30: Delivering on Our Strategy
Delivering on Our Strategy • Health-Safety- Security & Environment: Robust Management System, o Includes risk prevention and mitigation, permit to work system, HSSE plan, but also Emergency Response preparedness, o Clear Roles & Responsibilities, exercise planning, established Emergency Control Cent
Slide 31: SBM Fleet Substantial Production Rates
SBM Fleet Substantial Production Rates SBM Fleet – Oil Production SBM Fleet – Gas Production 2,000 3,000 1,800 2,500 1,600 1,400 Gas Flow (MMscfd) Oil Flow (‘000bpd) 2,000 1,200 1,000 1,500 800 1,000 600 400 500 200 0 0 Oct 13 2014 2015 2016 Oct 13 2014 2015 2016 Production Capacity Production Capac
Slide 32: Fleet Operations
Fleet Operations FPSO Fleet Production Capacity Performance • 248 years, 4 billion barrels exported, 6500 offloads • 99.1% oil uptime, 95.1% gas uptime, 92.1% water uptime • Working closely with clients to optimize daily production Organisation • Head office in Monaco, with supporting functions Barr
Slide 33: Excellent Project Execution
Excellent Project Execution SBM Project Execution Model – Lease FPSOs Typical SBM Project Organization • Same Management System in all execution centers Project Manager • All key engineering in-house • Global procurement with reputable suppliers Project HSSE Project QA Mgr. Mgr. • Fabrication with k
Slide 34: Embracing Local Development Brazil
Embracing Local Development Brazil BRASA Yard – Niteroi Rio Office • Created in 2008 • Engineering support to projects • Logistics services • Local supply chain management Rio Office Evolution • Regulatory compliance • Construction management BRASA Yard in Niteroi Near Rio • JV with Synergy, created
Slide 35: Embracing Local Development Angola
Embracing Local Development Angola PAENAL Yard – Porto Amboim OPS Joint Venture • Created in 2003 by Sonangol and SBM • FPSO operations JV – SBM/Sonangol – Nearly 500 millions barrels Based in Luanda of oil/LPG Joint FPSO Operations • Ever increasing involvement 4 units in the fleet of highly skille
Slide 36: Q&A
Q&A © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com © SBM Offshore 2014. All rights reserved. www.sbmoffshore.com