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.
Asia days Oslo 2013 - Market opportunities in South & South East Asia - Energy
Opportunities Oil & Gas SSEAAsia Day, Oslo11 June 2013
2MalaysiaSource: Wood Mackenzie’s Pathfinder(Extracted from MIDA ‘s Meet MalaysiaInvestment Opportunities in Asia Oil & Gas Hub)
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
Three focus areas• Enhanced Oil Recovery- current recovery factor 33%USD 12 billion projects with ShellUSD 2.1 billion projects with ExxonMobil9 project sanctioned• Marginal fields development3 Risk Service contracts signed• Heighten exploration activitiesSome 35 exploration wells for 201327 rigs – Jack-ups, semi & Tender. 3-4 more rigsin 20134
•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
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
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
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
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
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
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
Upcoming Oil & Gas Exhibitions• 10thASCOPE Conference & Exhibition, Nov 28-30 2013Ho Chi Minh City, Vietnam• OTC Asia, March 25-27, 2014: Norwegian Pavilion26
Thank forfor your attention!Innovation Norway Kuala Lumpurwww.innovationnorway.no/malaysia