Selected Oil and Gas Pipeline Infrastructure in the Middle East
Oil & Gas in the Middle East - Interserve · Oil & Gas in the Middle East . ... Combined stated...
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Transcript of Oil & Gas in the Middle East - Interserve · Oil & Gas in the Middle East . ... Combined stated...
Adyard
• YEAR OF ACQUISITION: 2013
• MANPOWER: 2,000
• YARDS: Mussafah, Liwa, Fujairah
• KEY PROJECTS ON HAND: 1. ADMA/HDEC - SARB 4 – Process Modules – c£28m
2. ZADCO - Installation of ESP’s - c£52m
3. ADMA - Replacement of Helidecks – c£18m
• 2014 REVENUE: c£60m
• ORDER BOOK: c£110m
TOCO
• YEAR OF ACQUISITION: 2013
• MANPOWER: 2,000
• 2014 REVENUE: c£60m
• ORDER BOOK: c£120m
• YARDS: Muscat, Mukhaizna, Sur, Fahud, Safah & WL
1. OXY Mukhaizna - Oilfield works – c£77m
2. Bahwan Exel/PDO - 4 PL Rig Moving Services – c£72m
3. OXY Safah WL - Oilfield Services – c£64m
• KEY PROJECTS ON HAND:
Madina Group
• YEAR OF ACQUISITION: 2007
• MANPOWER: 2,500
• 2014 REVENUE: c£80m
• ORDER BOOK: c£50m
• WORKSHOPS: Doha & Ras Laffan
1. Shell GTL – Shutdown works – c£10m
2. Maersk Oil – Maintenance Manpower Service – c£8m
3. Technip (Oryx GTL) – Fabrication works – c£10m
• KEY PROJECTS ON HAND:
Shared Services
Integration of the three
businesses
One functional head instead
of three
– BD and Estimating
– QHSE
– Commercial
– HR
– IT
– Finance
Shared Services
Work in Hand
SARB 4
(engineering, procurement
& construction)
Zadco ESP
(submersible pump installation)
MSPP
(construction of 227km pipeline)
BP Khazzan
(construction of 60km pipeline)
Shell Pearl
(maintenance services)
Oxy
(oil field services)
Forecast of GCC contract awards
Source: MEED
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2012 2013 2014 2015 2016
Actual Forecast
$bn
• Focus on operational
maintenance
• Focus on operational
capex
• Brownfield LNG/
Maintenance
• Target key prospects
outside Oil & Gas
• Operational efficiency
Maximise existing assets
• More competition and
margin pressures
• Little LNG investment in
ME
• Power & infrastructure
likely to grow
• 18% cut in global capex
spend (2014 to 2015)
• Reduced new project
awards & mega projects
• LNG projects delayed or
cancelled
• Low commodity prices
boost other sectors
Strategy Customer
response Market trend
Revenue and Workload Growth
0
50
100
150
200
250
300
350
YE2012 YE2013 YE2014
£m
Future workload Revenues
The GCC market
Total value of GCC Oil & Gas projects from
2015 – 2017 (3 years)
Combined stated value of oil & gas related spending by companies in the energy sectors in GCC
IEC Addressable
Market value of contracts where Interserve Engineering & Construction (IEC) could have
participation, including contracts where we may lack capacity, local presence or track-record
IEC Pipeline
IEC Strategic & Current Prospects
IEC Pipeline
Current Prospects
£85bn
£13bn
£2.8bn*
£0.8bn*
*Strategic Prospects: Target projects identified.
Current Prospects: Proposals submitted to
clients, proposals being bid and negotiated.
IEC Pipeline values are taken from IEC Pipeline
trackers system (some prospects are long term
framework agreements).
Total value of Middle East Oil and gas Projects
are based on MEED values from January 2015 –
December 2017.
Saudi Arabia and Kuwait
Saudi Arabia and Kuwait • Exploring opportunities over medium term • Entry through existing relationships