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  • Technology • Engineering technology to increase production volume from oil & gas fields and production lifetime of the fields • Engineering technology to improve various production solutions and handling of field related problems • Engineering technologies to achieve more efficient offshore support constructions, modules and offshore plant treatment facilities • Advanced exploration technologies, e.g. 4D seismic • Carbon Capture and Storage (CCS) Technology Building of Platforms Three companies in Thailand are supplying platforms to Thai offshore installations. Norwegian platform engineering companies can approach these companies for construction of platforms for deliveries outside Thailand Manufacturing of platform and FPSO components - modules Topside modules for platforms and FPSOs and modules for onshore petrochemical plants are being built at very competitive prices in Thailand. In this field there are opportunities for engineering companies and ship owners in Norway. Most of the modules built in Thailand are exported to be installed on platforms and FPSOs in shipyards in Singapore, Malaysia, Korea, China and even Norway. As of today Thailand does not have any shipyards where ships are newly built or converted to FPSOs. The interest for building modules for onshore petrochemical plants in Thailand is growing. However, there are no Norwegian actors among the companies exploring the Thai supplier market for such projects. They are mainly Australian, British, American and Japanese.
  • Equipment and Machinery Thailand’s oil and gas sector offers exciting opportunities for Norwegian oil & gas equipment and machinery industry because the sector is highly dependent on imported equipment and engineering services from countries with leading technology providers. Import tariff rates typically range from 20-35 percent. Engineering Services Offshore engineering companies in Norway can co-operate with Thai engineering companies for executing part of the engineering scopes in projects, e.g. process and some main engineering in Norway, part of main engineering as well as detailed and built engineering in Thailand. The costs for a Norwegian engineer will in average be five to seven times higher than in Thailand. The Thai engineers are in generally not as independent as Norwegian engineers, however, with up to 60% of the engineering scope being done in Thailand, the overall competitiveness of such a constellation is strong.

Transcript

  • 1. Opportunities Oil & Gas SSEAAsia Day, Oslo11 June 2013
  • 2. 2MalaysiaSource: Wood Mackenzie’s Pathfinder(Extracted from MIDA ‘s Meet MalaysiaInvestment Opportunities in Asia Oil & Gas Hub)
  • 3. MALAYSIA – E & P AcreagesExplorationAcreages: 570.000 km2Reserves: 22.64 bil boePSCs Awarded: 95• Exploration: 47• Development: 10• Production: 38Fields discovered• Oil: 173• Gas: 257Producing Fields• Oil: 77• Gas: 55320 platformsKey Operators: 16
  • 4. Three focus areas• Enhanced Oil Recovery- current recovery factor 33%USD 12 billion projects with ShellUSD 2.1 billion projects with ExxonMobil9 project sanctioned• Marginal fields development3 Risk Service contracts signed• Heighten exploration activitiesSome 35 exploration wells for 201327 rigs – Jack-ups, semi & Tender. 3-4 more rigsin 20134
  • 5. MALAYSIA - offshore market by category 2011-2016USD Million 2011 2012 2013 2014 2015 2016R&S 470 451 573 675 898 852EPC & Topside 1981 1801 2497 3153 3203 1866Subsea 1013 965 1072 902 2336 2295Well 3352 3675 4007 4463 5146 4752Operations 2610 2831 3029 3432 3627 3097Total 9426 9723 11178 12625 15209 128635Source: INTSOK annual report 2012
  • 6. MALAYSIA – Offshore operators 2013-2016 by categoryUD $ mil Operations Well Subsea EPC &TopsideR & SShell 4222 6776 2875 3673 660Petronas 3677 3826 627 2904 675ExxonMobil 2083 2827 216 1522 402Murphy Oil 1486 1839 1855 1213 343Hess 390 625 368 692 190Total 11857 15893 5942 10004 22706Source: INTSOK annual report 2012
  • 7. MALAYSIA - Some selected upcoming projectsProject Operator Dev. Concept Start upKebabangan Shell Fixed 2015Malikai Shell Floater 2016Bergading Petronas Fixed 2014Siakap North Murphy Oil Subsea 2014Tapis EOR ExxonMobil Fixed 2014Kamunsu East Shell Subsea 2016Besar Petronas Subsea 2017Ubah Crest Shell Subsea 2017Janglau Lundin Petroleum Subsea 2020Beryl Shell Fixed 20207Source: INTSOK annual report 2012
  • 8. Indonesia8Photo: Jørgen Udvang
  • 9. INDONESIA – Offshore market by category 2011 - 2016USD mil 2011 2012 2013 2014 2015 2016R & S 761 866 541 838 865 811EPC & Topside 773 1305 1102 1474 2008 2004Subsea 330 431 620 695 2064 2236Well 2561 3254 2528 4144 4674 4700Operations 2135 2274 2068 2346 2730 3021Total 6560 8130 6859 9496 12341 127719Source: INTSOK annual report 2012
  • 10. INDONESIA – Offshore operators by category 2013 - 2016USD Mil Operations Well Subsea EPC &TopsideR & SChevron 1469 4085 1691 1677 497Eni 359 2467 1759 648 201Total 2918 1430 148 691 203Inpex 793 515 251 1304 120CNOOC 723 345 54 431 84Total 6261 8840 3901 4752 110610Source: INTSOK annual report 2012
  • 11. INDONESIA – selected upcoming projectsProject Operator Dev Concept Expected Start-upStupa Total Fixed 2013Jangkrik Eni Subsea 2016Gendalo-Gehem Chevron Floater 2017Tawes ConocoPhillips Subsea 2018Gula Chevron Subsea 202011Source: INTSOK annual report 2012
  • 12. India12Photo: Brendan K Buckley
  • 13. INDIA- offshore market by category 2011-2016USD Million 2011 2012 2013 2014 2015 2016R&S 285 649 798 621 1046 823EPC & Topside 2126 1316 1119 1314 1404 2494Subsea 1186 1307 610 1239 1456 2673Well 2000 2614 3654 3391 4083 3370Operations 1626 1519 1527 1592 1780 1949Total 7223 7405 7708 8157 9768 1131013Source: INTSOK annual report 2012
  • 14. INDIA – Offshore operators 2013-2016 by categoryUD $ mil Operations Well Subsea EPC &TopsideR & SONGC 4014 5222 3492 3576 943Reliance 1210 5387 2079 862 952Gujarat State 243 1177 14 150 340Essar Oil 403 198 78 1114 73BHP Billiton 97 620 2 48 254Total 5966 12604 5665 5750 256214Source: INTSOK Annual report 2012
  • 15. INDIA – selected upcoming projectsProject Operator Dev Concept Expected Start-upPanna Mukati Tapti IOR ONGC Fixed 2016Dhirubhai-39 Reliance Subsea 2016Kanaka Durga ONGC Floater 2017UD- 1 ONGC Floater 2018Dhirubhai-38 Reliance Subsea 2018D-1 ONGC Floater 202015Source: INTSOK annual report 2012
  • 16. 16
  • 17. •Singapore’s maritime and oil & gas industry consists mainly: Shipbuilding Ship Repair Offshore Rig building (Jack-ups) Semi-Submersibles Drilling rigs FPSO / FSO conversions•Total turnover for maritime and oil & gas industry is more than S$13 billion (NOK 60 billion)annually•The offshore is the industry’s leading sector representing about 60% of the industry’s totalturnover•Singapore has about 70% of the world market share for building of jack-up rigs and FPSOconversionsSINGAPORE - Opportunities
  • 18. SINGAPORE Shipyards – Market by definition 2011-2016USD Million 2011 2012 2013 2014 2015 2016Engineering 579 473 566 551 576 589SEP & V 2332 1827 2198 2137 2206 2276Drilling Systems 989 948 1117 1095 1179 1181Total 3926 3270 3901 3798 3969 405418Source: INTSOK annual report 2012
  • 19. Thailand19Photo: Jørgen Udvang
  • 20. THAILAND - Oil & Gas IndustryProven Reserves:•Oil: 453 million barrels•Gas: 10.1 trillion cubic feetExploration area: 274,636 Km2Production area: 17,034 Km2Platform: 331 unitsSubsea pipelines: 3,000 kmConcession awards: 84 blocksPlayers: 28 companies20Source: Ministry of Energy
  • 21. THAILAND - Equipment and machinery marketEquipment &machinery in ThailandOil & Gas industry2013 Estimation(Unit: million NOK)Total market size 633Total local production 266Total exports 264Total imports 63121Source: Ministry of IndustryProduction and/orstorage vessels inThailandNo. of UnitsFPSO 3FSU or FSO 10Mobile Production Unit 3Total 16
  • 22. THAILAND - Opportunities22Technology Fabrication• EOR/ IOR• Technology to improveproduction solutions andhandling of field relatedproblems• Technology for construction oflighter/cheaper, more efficientmodules and offshore facilities,and offshore plant treatmentfacilities• Gas separation technology• 4D seismic and CarbonCapture and Storage (CCS)• Platform construction• Construction of process andutility topside modules forplatforms and FPSOs• Construction of process andutility modules for onshoreinstallations• Construction of modules forpetrochemical plants• Structure steel fabrication
  • 23. THAILAND - Opportunities23Equipment and Machinery Services• Exploration and productionequipment• Process control equipment forgas separation• Pumps for dispersing fuel andnatural gas• Underground and underwaterpipe for oil and gastransmission• High pressure vessels fornatural gas vehicles (NGV)• Equipment for petrochemicaland chemical production• Environmental protectionequipment• Engineering, procurement andinstallation (EPI) services• Exploration and productionservices• Consultancy services inengineering and management• Consultancy services in riskassessment and management• Consultancy services inenvironmental protection andenvironmental management
  • 24. Gas discoveredOilproducedGas producedGasproduced• Oil and gas activities in morethan 130 Blocks.• Oil reserves 4.4 billion barrels• Gas reserves 24.7 Tcf• Production: oil 326,000 bpd &gas 0.71 billion cm• PetroVietnam invested USD11billion in O&G exploration during2000-2012• PV signed >80 PSCs, BCCs &JOCs with some 50 IOCs, NOCworth over USD14 billion incontract valueVIETNAM – Producing Basins
  • 25. VIETNAM – Opportunities• Increased oil recovery• Drilling and production technologies, incl drilling rigs (70-200m)• Deepwater drilling & subsea technology• Engineering, construction and production facilities• Oil spill management25
  • 26. Upcoming Oil & Gas Exhibitions• 10thASCOPE Conference & Exhibition, Nov 28-30 2013Ho Chi Minh City, Vietnam• OTC Asia, March 25-27, 2014: Norwegian Pavilion26
  • 27. Thank forfor your attention!Innovation Norway Kuala Lumpurwww.innovationnorway.no/malaysia