uk decommissioning trade mission to norway

Aker BP decommissioning activityUK Decommissioning trade mission to Norway

12th June 2017

2

Solid footprint covering entire NCS

* Phase 1

PRODUCTION PORTFOLIO

Skarv

Alvheim

Ivar Aasen

Johan Sverdrup

Ula/Tambar

Valhall/Hod

Alvheim

High production efficiency and low operating cost

Ivar Aasen

First oil December 2016

Johan Sverdrup

World class development with break even price below 25 USD/bbl*

Skarv

Solid base performance and upside potential

Ula/Tambar

Late life production with significant upside potential

Valhall/Hod

1 billion barrels produced, ambition to produce additional 500 mmbbls

3

BUSINESS PERSPECTIVES

Creating the leading independent offshore E&P company

Reorganising the value chain with

strategic partnerships and alliancesBe at the forefront for digitizing E&P

Value chain based on a shared LEAN

understanding, toolbox and cultureFlexible business model

ready for growth and volatility

4

BUSINESS PERSPECTIVES

Management principles embedded in our culture

Drive

Performance

Make Decisions

based on Data

and Analysis

Always search for

Improvements

Develop People

and Teams

One team-one for all, all for one

SAFER

SØKENDE

ENQUIRING

FORUTSIGBAR

PREDICTABLE

ENGASJERT

COMMITTED

ANSVARLIG

RESPONSIBLE

RESPEKTFULL

RESPECTFUL

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Nature of our decomm activity

Periodic

Increasing volume

Dominated by P&A

A range of facilities, requiring a selection of methods

AKER BP’S PORTFOLIO

Completed

• 2/4 G topsides & bridge

First wave

• Valhall QP (2019)

• Original Valhall and Hod (2022- 2026)

• Jette (2019)

• Gyda pipelines (after 2018)

Next wave

• Ula & Tambar

• Skarv

• Alvheim

Thereafter

• Valhall

• Fields not yet developed

Scope of work

Decommissioning

6

EKOFISK 2/4 G

Valhall 2/4-G Bridge – 2014

800 Tonnes

Decommissioning

Valhall 2/4-G Topside – 2016

2.200 Tonnes

7

QP REMOVAL & OVD (INCLUDING HOD)

Decommissioning

DP Topside 10.100 T

DP Jacket 12.600 T

PCP Topside 11.250 T

PCP Jacket 9.550 T

Hod Topside 1.100 T

Hod Jacket 3.450 T

Hod Drill Template 150 T

QP Topside 3.500 T

QP Jacket 4.300 T

2/4-G Jacket 3.700 T

Total Weight 59.700 T

2017 2026

8

JETTE & GYDA PIPELINES

Decommissioning

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OVD INC. HOD

Summary

Contracting strategy

Minimise the number of interfaces to be managed by Aker BP.

Current preference is for total Engineering, Preparation, Removal and Disposal (EPRD) contracts.

Topsides and jackets removal may be separate contracts.

OVD and Hod may be separate contracts

Integration of EPRD work with cleaning and deactivation work is possible

Integration of EPRD work with P&A work is possible.

Work will be undertaken in accordance with Norwegian regulations.

Contract portfolio:

Existing TI&R FAs with Hereema and Allseas

EPRD call off awarded to Alleas for QP topsides removal in 2019

Additional TI&R FAs may be awarded

June‘17 – Jan’18: Review the procurement strategy (additional contracts, alternative to EPRD etc) for

OVD & Hod, may result in Screening and Pre-qualification of additional service providers

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Demonstrate safe performance.

Demonstrate how you are different from the

competition • technically

• commercially

• scope of responsibility

• flexibility

• SIMOPS

• etc.

Integrate with others, or at least be willing to be

integrated – demonstrate value.

Demonstrate your relevance to our scope.

Be proactive – come and knock on our door.

Contact:

• Ron Howard, ron.howard@akerbp.com, +47 47 35 58 93,

or

• Catriona Løland, catriona.loland@akerbp.com, +47 4796 2016

How to get involved