Subsea 7 S.a. · OSL:SUBC
Subsea 7 — Investor Presentation (March 2017)
43 slides from Subsea 7's investor presentation, Mar 29, 2017
Slide 1: Seven Arctic – Investor Presentation
Seven Arctic – Investor Presentation 29th March 2017
Slide 2: Welcome Onboard Seven Arctic
Welcome Onboard Seven Arctic 29-Mar-17 Page 2
Slide 3: Itinerary
Itinerary • Welcome presentation – Oeyvind Mikaelsen and Jonathan Tame • Tour of the vessel in three groups • Meet on the Bridge for refreshments and Q&A • 15:45 Bus departs for the airport 29-Mar-17 Page 3
Slide 4: Oeyvind Mikaelsen, EVP Commercial
Oeyvind Mikaelsen EVP Commercial 29-Mar-17 Page 4
Slide 5: Subsea 7 – In Summary
Subsea 7 – In Summary Subsea 7 is one of the world’s leading global contractors in seabed-to-surface engineering, construction and services to the offshore industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments Our vision
Slide 6: 2016 operational highlights
2016 operational highlights • Consistent and safe operational performance with several large projects successfully completed. • Vessel utilisation 66% full year and 65% fourth quarter – Active vessel utilisation 80% full year, 78% fourth quarter • Affirmed our position in offshore renewable energy •
Slide 7: Our asset investment strategy
Our asset investment strategy • Modernising and enhancing our fleet is a long-term investment to maintain our competitive lead • Each vessel has been designed to maximise efficiency, capacity and economy of the vessels • Maintain the right fleet size and specification to meet the prevailing market c
Slide 8: Our key attributes differentiate us
Our key attributes differentiate us • People – Project delivery based on our expertise and know-how • Technology – Market driven and cost-effective solutions • Assets – A diverse fleet of vessels and strategically positioned global assets • Alliances and Partnerships – Collaborating to deliver optim
Slide 9: Investing in a modern and differentiated fleet
Investing in a modern and differentiated fleet Arrival of Seven Borealis Arrival of Arrival of Arrival of Seven Inagha Seven Waves Seven Sun Seven Arctic Arrival of Arrival of Arrival of Seven Kestrel Seven Falcon Simar Esperanca Seven Rio Seven Cruzeiro Seven Antares 2011 2012 2013 2014 2015 2016 2
Slide 10: Positioning for the Long-Term - Investment
Positioning for the Long-Term - Investment New-build Vessel Programme • Six vessel new-build programme completed in January 2017 • Total cost <$1.9 billion • Four high-specification flex-lay vessels on long term contracts with Petrobras • Seven Arctic and Seven Kestrel to commence operations in the
Slide 11: Introducing Seven Arctic
Introducing Seven Arctic • First vessel of its kind in our fleet, unique to our fleet, custom designed • Tiltable lay system that is adaptable to enable suitable approach angle for flex-lay, preventing damage to product at different water depths • Main crane: adaptable operating modes and configurat
Slide 12: 29-Mar-17 Page 12
29-Mar-17 Page 12
Slide 13: Jonathan Tame, VP Offshore Resources
Jonathan Tame VP Offshore Resources 29-Mar-17 Page 13
Slide 14: Seven Arctic: Vessel Specification
Seven Arctic: Vessel Specification Seven Arctic is a construction vessel suitable for worldwide operations, adapted for both tropical and winter environments, capable of operations in water depths up to 3,000m. • Length 162.3m x breadth 32.0m • DP Class III with two engine rooms • 1,000t AHC Offshor
Slide 15: Seven Arctic: Design and Build
Seven Arctic: Design and Build • The commitment to build such a vessel is based on a sound business case considering the market, Subsea 7’s existing fleet, technology, cost and return on investment. • The project commenced in 2012 with market analysis, specification development and tendering activit
Slide 16: Seven Arctic: Commercial Advantages
Seven Arctic: Commercial Advantages • Product carrying capability: – 7,000te underdeck is largest in Subsea 7 fleet. – Still have ability to load 4,000 tonnes on deck with underdeck carousel full. – Large uncluttered deck space. • Flexibility in supporting multiple scopes on deck in minimised number
Slide 17: Built by Hyundai Heavy Industries, South Korea
Seven Arctic - Built by Hyundai Heavy Industries, South Korea (May 2013 – Jan 2017) • HHI, South Korea – the worlds biggest shipyard • SNSD – Special Naval and Ships Division • Huisman – builder of Lay Tower and crane 29-Mar-17 Page 17
Slide 18: Design Phase – Hull Optimisation for Speed
Seven Arctic: Design Phase – Hull Optimisation for Speed • Pressure Distribution – Original • Pressure Distribution – Version C Hull Lines Hull Lines 29-Mar-17 Page 18
Slide 19: Marin Tank Trials
Seven Arctic: Marin Tank Trials 29-Mar-17 Page 19
Slide 20: Hull Construction – Optimal for Speed
Seven Arctic: Hull Construction – Optimal for Speed 29-Mar-17 Page 20
Slide 21: Key Features: Power
Key Features: Power • Engine Rooms: 2 • Main Engines: 6 x HiMSEN 9H32/40 Power: 4,500kW • Generators: 6 x HHI HSJ7 915-10P Power: 4,220kW • Propulsion: 2 x Controllable pitch propeller shafts Power: 9,200kW • Thrusters: 4 x Tunnel Thruster (2 Fwd, 2 Aft) Power: 2,600kW • Azimuths: 2 x Retractable Az
Slide 22: Configured for Operational Efficiency
Seven Arctic: Configured for Operational Efficiency 29-Mar-17 Page 22
Slide 23: Multiple Deck options
Seven Arctic: Multiple Deck options 15t Deck Winch 25t Crane (removable) Boomrest (removable) Deck Tensioner (removable) 100t Crane 20t Crane Tugger’s 1000t Crane 20t Deck Winch Tiltable lay tower 29-Mar-17 Page 23
Slide 24: 600te Tiltable Lay System
Seven Arctic: 600te Tiltable Lay System • Tensioners: 2 • Dynamic Top Tension: 600t • Primary A&R Capacity: 600t • Primary A&R Wire Length: 3,500m • Secondary A&R Capacity: 200t • Secondary A&R Wire Length: 3,000m • Hang Off Clamp: 600t • PLET Handling System: 50t • Lay System Working Angles: 90o to
Slide 25: TLS Installation
Seven Arctic: TLS Installation 29-Mar-17 Page 25
Slide 26: Main Crane 1,000t RL KBC
Seven Arctic: Main Crane 1,000t RL KBC Key Features • Light-weight knuckle boom, to maximise deck coverage and hook height. • High subsea lift capability. • Main Crane • Active Heave Compensation; with high speed – Operates in Single, Double and Triple Fall winches. – Weight: 1825Te • Double crane c
Slide 27: WROV's
Seven Arctic: WROV’s • Two workclass ROV’s installed in “hangers” • Deployed via cursors, over the side • Operating sea state 5.5m sig wave height • Max operating depth 3000 mtrs 29-Mar-17 Page 27
Slide 28: Work in Hand
Seven Arctic: Work in Hand • Mid water arch (~165te) and gravity base installation. 165m Water depth. • Well within capacity of 1000te crane in just single fall mode. • Highly weather sensitive scope – normally executed in Summer months, operability of vessel will improve efficiency. • Large availab
Slide 29: Work in Hand - Maersk Culzean
Seven Arctic: Work in Hand - Maersk Culzean • Structures (range 100-200te) and piling scope. • Well within capacity of 1000te crane in just single fall mode. • Large available deck space minimising number of trips and ability to mobilise for multiple activities. 29-Mar-17 Page 29
Slide 30: Work in Hand - Wintershall Maria Project
Seven Arctic: Work in Hand - Wintershall Maria Project -Structures, Spools, Flexible product and general construction/ installation scope – wells suited to mission equipment of Seven Arctic. 29-Mar-17 Page 30
Slide 31: Work in Hand - Wintershall Maria Project
Seven Arctic: Work in Hand - Wintershall Maria Project Crane capability (available capacity, radius and hook height) allows flexibility in deployment – the above spool planned for deployment on vessel starboardside for ease. 29-Mar-17 Page 31
Slide 32: Operations
Seven Arctic: Operations • Manning levels onboard will vary dependent on the particular project. • Accommodation is available for 132 personnel, in single and two man cabins. • The ship will normally operate at less than that, typically :- Marine officers and crew 38 - 42 Catering 11 - 13 Oper
Slide 33: Tour highlights / key stations
Seven Arctic: Tour highlights / key stations • Guests will be divided into groups, led by key personnel from the ship, most of which were involved in the build process. • Areas visited will include :- Main deck Below deck carousel and winches Engine control room, switchboard room and engine ro
Slide 34: Appendix
subses 7 Appendix 29-Mar-17 Page 34 www.subsea7.com seabed-to-surface
Slide 35: Ulsan, South Korea Shipbuilding in Dry-Dock
Seven Arctic: Ulsan, South Korea Shipbuilding in Dry-Dock 29-Mar-17 Page 35
Slide 36: Underdeck A&R and Main Crane Storage Winches
Seven Arctic: Underdeck A&R and Main Crane Storage Winches • Preparations for spooling A&R wires • Main crane storage winch (6,200m wire installed) 29-Mar-17 Page 36
Slide 37: 100mt KBC Installation
Seven Arctic: 100mt KBC Installation 29-Mar-17 Page 37
Slide 38: Switchboard Rooms and Mission Equipment E-Rooms
Seven Arctic: Switchboard Rooms and Mission Equipment E-Rooms (Build and After) 29-Mar-17 Page 38
Slide 39: WROV Hanger and Control Room
Seven Arctic: WROV Hanger and Control Room (Build and After) 29-Mar-17 Page 39
Slide 40: Navigation Bridge & DP Bridge
Seven Arctic: Navigation Bridge & DP Bridge (Build and After) 29-Mar-17 Page 40
Slide 41: Helideck Installation
Seven Arctic: Helideck Installation 29-Mar-17 Page 41
Slide 42: Sea Trials - completed in South Korea
Seven Arctic: Sea Trials - completed in South Korea 29-Mar-17 Page 42
Slide 43: 29-Mar-17 Page 43
seabed-to-surface www.subsea7.com