Petrofac Limited · OTC:POFCY
Petrofac — Investor Presentation (October 2010)
23 slides from Petrofac's investor presentation, October 2010
Slide 1: Engineering & Construction Investor Presentation, Syria, October 2010
Engineering & Construction I Investor t Presentation P t ti Syria, October 2010
Slide 2: Welcome and HSSE
Poa e& | ea a A A <¢ a < \ = Ma \ || a \ a4 j “ WELCOME AND HSSE
Slide 3: Agenda
Agenda 1430 Welcome and HSSE briefing Current E&C portfolio Petrofac in Syria Jih gas plant Jihar l t project j t Ebla gas plant project 1530 Tour of Jihar site 1615 Return to main building and depart 3
Slide 4: Site safety
Site safety • Petrofac is committed to maintaining the highest HSSE standards • Your visitor card tells you what to do in an emergency - please read it • fire exits are clearly marked • trained fire marshals will sweep the facility in event of evacuation • your host h t will ill iinstruct t t you at
Slide 5: Participants
Participants LEAD • Nizar Assad – chairman • Wael Alsaadi – general manager Engineering & Construction (E&C) • Subramanian Sarma – E&C managing director • Maher Mustafa – project director, Jihar project • E S Sathyanarayanan y y – project j director, Ebla project j Petro-Canada participants (8 Octob
Slide 6: Current E&C Portfolio
CURRENT E&C PORTFOLIO 6
Slide 7: Our largest current EPC contracts
Original contract value to Petrofac Harweel EOR Customer key: plant, Oman NOC/NOC led company/consortium US$983m Joint NOC/IOC company/consortium In Salah gas compression Algeria compression, US$600m Jihar gas plant, Syria US$454m Mina Al-Ahmadi refinery pipelines, Kuwait US$543m Asab onshore oil fi
Slide 8: Operating locations
Operating locationsMilan Moscow Tehran Aberdeen Atyrau Abu Dhabi Sharjah Sakhalin Woking Bishkek London Beijing Algiers Houston Mumbai Tunis Khartoum Chennai Muscat Lagos Doha Kuala Lumpur Ahmadi Khobar Jakarta Damascus Main operational centres Other operating locations Corporate p services 8
Slide 9: Petrofac in Syria
Poa e& | ea a A A <¢ a < \ = Ma \ || a \ a4 j “ PETROFAC IN SYRIA
Slide 10: Petrofac in Syria
Petrofac in Syria • Since 1987, Petrofac has enjoyed a long and close association with the oil & g gas industry y in Syria y • During the last 22 years we have worked on more than 10 projects for various oil & gas production/operations companies and today are currently y workingg on two pprojects j
Slide 11: Petrofac in Syria continued...
Petrofac in Syria continued... • We have seen many positive changes over the years: – supportive relationships with regulatory authorities – continued improvements in customs clearance – greater clarity around taxation rules and regulations, facilitating swift clearance on our projects – local skill
Slide 12: Execution in Syria – success through risk management
Execution in Syria – success through risk management • Capital projects are becoming larger and more complex therefore we have enhanced focus on effective risk management to confront various execution challenges with appropriate mitigation plans • An A integrated i t t d risk i k managementt process
Slide 13: Overview – managing our risk
Revenue recognition acceptance certificate Profit recognition 13 Final Project risk Warranty phase acceptance Provisional certificate 100% Robust Completion systems to facilitate completion Mechanical smoothh startup Overview – managing our risk Manage/supportt local construction contractors (typica
Slide 14: Jihar site
Petrofac P Wu E “) o <x = Lp )
Slide 15: Jihar gas plant project
Jihar gas plant project The Hayan Petroleum Client Company (HPC) Location Syria Project scope EPC Project value US$ 454 mm Start date Apr 2008 Completion Co p et o Dec ec 2010 0 0 Project features • Gas processing facilities involving mainly the gas treatment The Hayan block is located in Syria, nea
Slide 16: Jihar gas plant layout
GROUND OIL AREA OIL STORAGE TANKS GAS FLARE RECOMPRESSOR LPG LOADING STN POWER GENERATION MCC / CONTROL ROOM SALES COMPRESSORS UTILITY AREA FW TANK 16 Jihar gas plant layout
Slide 17: Ebla site
Petrofac P mt E uv) < I a Wu
Slide 18: Ebla gas project surface facilities (DVD)
Ebla gas project surface facilities (DVD) Petro-Canada P t C d PPalmyra l Client B.V Location Syria Project scope EPC Project value US$ 565 million Start date Mar 2008 Completion April 2010 • The project scope comprises engineering, procurement, construction commissioning and start-up of • Gas treat
Slide 19: Ebla gas treatment plant - layout
Ebla gas treatment plant - layout Holding Sl Slug Pond Metering Catcher Flare LPG B ll t Bullets Condensate Tanks Process A Area Hot Coach route Utilities Fire Water Oil Tank Control Sub- Power Room Generation - Tour start/end point station LPG Buildings g Loading Gate House Site office 19
Slide 20: Ebla gas project surface facilities - DVD
Ebla gas project surface facilities - DVD 20
Slide 21: Petrofac in Syria – What next?
PETROFAC IN SYRIA What next? 21
Slide 22: Petrofac in Syria – what next?
Petrofac in Syria – what next? • Completion and successful commissioning of Jihar Plant within Q1 2011 • Petrofac has enjoyed successful, positive experience in Syria supported by customers and subcontractors. We will actively pursue all future opportunities within Syria and across other core market
Slide 23: Questions
QUESTIONS …followed by tour of Jihar site 23