maersk drilling – innovation and energy storage · maersk drilling - part of the a.p.moller –...
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Maersk Drilling – Innovation and Energy Storage28th of September 2015, CTO Mr. Frederik Smidth
Agenda
Maersk Drilling - Facts
Value chain and cost drivers
Innovation Process in Maersk Drilling
Energy storage/ Flywheel:Deep Water DrillingEnergy storage
Project Description
Questions
page 2
Maersk Drilling - part of the A.P.Moller – Maersk Grouppage 3
Text
Maersk DrillingAPM TerminalsMaersk OilMaersk Line Services & Other Shipping
Maersk Drilling – The numberspage 4
1972 1990 2003 2013 2015
1975 2012 20141993
Maersk Drilling established
Delivery of Maersk Explorer – world´s largest jack-up rig
Maersk Drilling moves into Norway with Maersk Guardian
Delivery of Maersk Gallant –world´s largest jack-up rig
Delivery of Maersk Innovator – world´s largest jack-up rig
World´s most advanced drilling simulator built
20K project with BP initiated
Delivery of Maersk Intrepid – world´s largest jack-up rig
Highlights from Maersk Drilling´s historypage 5
Maersk Drilling is a worldwide operator
NW Europe7 Ultra Harsh Jack-ups4 Harsh Jack-ups
Egyptian Drilling Company(50/50 Joint Venture)61 land and workover rigs3 low spec jack-ups2 Premium jack-ups
Caspian Sea 1 Mid-water Semi
US GoM1 Ultra Deepwater Semi2 Drillships Egypt
1 Ultra Deepwater Semi Korea (yard)1 Ultra Harsh Jack-up
W Africa1 Ultra Deepwater Semi1 Ultra Harsh Jack-up1 Drillship
Philippines1 Drillship
SE Asia2 Premium Jack-ups
Headquarter: Denmark – Copenhagen4,700 employees
page 6
The Fleet - Exploration and development drilling
SEMI-SUBMERSIBLEOperates at water depth of: 500-3.000 meters
JACK-UP RIGOperates at water depth of: 25-150 meters
DRILLING DEPTH:12.000+ meters
DRILLING DEPTH:9.000 meters
HORIZONTAL DRILLING MAXIMUM: 4.000 meters
DRILLSHIPOperates at water depth of: 500-3.650 meters
page 7
The Fleet: It’s Big!
Eiffel Tower
Tower Bridge
Mærsk Innovator London Eye
Statue ofLiberty
Chrysler Building
page 8
Maersk Drilling Safety Performance
Source: DI Stat – Arbejdsulykker 2015Maersk Drilling consolidated numbers 2013 –> YTD Aug. 2015
Danish IndustryMaersk Drilling Onshore & Offshore
LTI – Lost Time InjuriesMaersk Drilling Danish Industry
~ 0.5 ~ 10
Safety has the highest priority within the Oil & Gas industry
page 9
Agenda
Maersk Drilling - Facts
Value chain and cost drivers
Innovation Process in Maersk Drilling
Energy storage/ Flywheel:Deep Water DrillingEnergy storage
Project Description
Questions
page 10
The Oil & Gas Industry Value Chainpage 11
Field abandonment
ProductionDrillingField Study / Well Planning
Seismic SurveysConcessions
Oil & Service
Companies
Oil Company
Oil Company
Oil Company
Oil & Service
Companies
Maersk Drilling provides offshore drilling services to the upstream part of the oil and gas industry
page 12
Exploration
Upstream Downstream
DevelopmentDrilling
Transportation Refining MarketingProduction
ExplorationDrilling
Oilfield Services, Drilling & Equipment
Total well cost – not just the cost of the drilling rigpage 13
Admin; 7%
Equipment and materials; 10%
Logistics; 12%
Fuel cost; 5%
Drilling Rig; 34%
Services; 32%
~1,000,000 USD/Day
Example of Total Daily Well Cost for an Oil Company
Maersk Drilling scope - only a part of the total well cost
Challenge: Fuel savings will in the current setup only benefit the Oil Company
Significant declines in oil prices have resulted in decreased upstream spending
page 14
Oil companies reducing capital expenditures by USD 200 billion in 2015
Note: Capital expenditures include all exploration, development, drilling and operational costsSource: Thomson Reuters Datastream, Rystad Energy, Maersk Drilling
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200
400
600
800
1.000
2010 2011 2012 2013 2014 2015
USDbn
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20
40
60
80
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120
140
-22%
USD/bbl
Oil prices have steadily deteriorated over the past year (Brent Crude daily oil price)
Agenda
Maersk Drilling - Facts
Value chain and cost drivers
Innovation Process in Maersk Drilling
Energy storage/ Flywheel:Deep Water Drilling Energy storage
Project Description
Questions
page 15
Our Business Objectivespage 16
“Maersk Drilling's overall business objective is to become a significant andstable contributor to the APMM Group profit by developing and growing ourbusiness within the ultra deepwater and ultra harsh environmentsegments.
We create value with our customers through a unique service deliveryconcept where we customize safe and efficient drilling services. Webuild our service around our highly skilled and committed work force, ourstate-of-the-art offshore drilling rigs and our 40 years of experienceof operating in the most challenging environments.”
“Moving boundaries within offshore drilling”
Four innovation priorities To support of MD’s vision of moving boundaries
CLOSERANCHORING MDIN VALUE CHAINOF OIL MAJORS
DEEPERBUILDING A UNIQUE POSITION IN THEUDW SEGMENT
LEANERDRIVING EFFICIENCIES ACROSS THE VALUE CHAIN
SMARTERHARNESSINGOUR INNOVATION POTENTIAL
MOVING BOUNDARIES WITHIN OFF-SHORE DRILLING
MAERSK DRILLING VISION
page 17
Online system for capturing innovative ideas from all employees
page 18
Maersk Drilling idea campaign:Ideas for the next generation ultra deep water rig
549 ideas and 204 comments
➜
Balanced Innovation Portfolio
Arctic DrillingEnergy storageFlywheel project
Project 20K
Reduction of maintenance cost (SPS)
Real time drillingDown hole data
page 19
Agenda
Maersk Drilling - Facts
Value chain and cost drivers
Innovation Process in Maersk Drilling
Energy storage/ Flywheel:Deep Water DrillingEnergy storage
Project Description
Questions
page 20
Offshore drilling – The basicspage 21
https://www.youtube.com/watch?v=YQtDiX2Dbr0
Very complex technolgy and systems
• Power plant: ~42 MW (same size as medium sized city in Denmark)
• Control system: ~80,000 I/O’s
• DP (Dynamic Positioning), satelite DGPS and acustic ref. system
• Thruster capacity for station keeping: 33 MW
• Vessel speed (transit): 12.5 knots (23 km/t)
page 22
Power distribution system - simplifiedpage 23
• Saving fuel cost and emissions
• Safer operation
• Supporting increased drilling efficiency
• Saving maintenance cost
• Long term goal: Reducing Total Cost of Ownership
Energy Storage - perspectives
“Moving boundaries within offshore drilling”
page 24
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Requ
ired po
wer (M
W)
T (Minutes)
Illustration of fluctuating loads during tripping operating in DP mode
Aux Drawwork
Main Drawwork
DP Operation
Baseload
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12
13
18
20
26
Offshore challenges.
Drawwork
Azimuth thrusters
Load curve Active Heave Drawworkspage 25
Drilling process – Tripping sequencepage 26
Huge power peaks from drawwork
Improvements in tripping speed equals time and cost savings for our Clients.
0
5
10
15
20
25
30
P [M
W]
Time [min]
0
5
10
15
20
25
30
P [M
W]
T [min]
Constant load scenarioStandby start level - 3rd engine
0
5
10
15
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25
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P [M
W]
Time [sec.]
Peak Load / Peak Shaving
Energy storage – Common scenarios
Optimal coresponding engine load during tripping operations
0
5
10
15
20
25
30
P [M
W]
T [min]
Standby start level ‐ 3rd engine
Energy storage to level out short power peaks to avoid unnessesary st.by start of additional engines
Ene
rgy
Sto
rage
Ene
rgy
Sto
rage
Energy storage to level out power peaks to obtain constant load on the engines, allowing higher load and engine performance/ specific consumption.
Charge energy storage
Discharge energy storage
page 27
Energy storage – Stable power plant
A stable power plant is an important parameter for:
1) Maintaining vessel position (operating envelope)
2) Maintaining power to drilling equipment.
BOP
Riser
Drill pipe
Risk asociated with loss of power:
• Unable to maintain position (drift off)
• Not sufficient time to close well (safety)
• Damage/ loss of equipment (high CAPEX)
page 28
Energy Storage – Part of the solutionpage 29
• To pursue and maintain our leading position in providing safe and efficient drilling services by state-of–the-art-drilling rigs, we a need continuous close co-operation and innovation with key partners in the industries.
• We see the capabilities of energy storage as a possible part of a total system solution for further improving the stability and efficiency of offshore power plants.
• In addition to our close cooperation with key partners, the cooperation with Universities is new to Maersk Drilling.
WattsUp Power
Development of Flywheel
Flywheel Energy Storage SystemDevelopment of flywheels for Offshore/Marine use
Den Maritime Fond
Funding: 1.9 mDKK
ProjectManagement
Innovation Fund Denmark
Funding: 8.5 mDKK
Aalborg University
Micro Grid Simulation
DTU – Lyngby
Active magnetic bearing system
page 30
Development of the flywheel technology for:• Offshore application.• High Efficiency• Long life time (20 years)
Total project budget: 20mDKK
Timeline: • Project start: March 2015• Onshore test: Autumn 2015• Offshore test: Spring 2017->
Maersk Drilling expectations to the project
“Moving boundaries within offshore drilling”
page 31
page 32
Questions ?
Maersk Drilling – Moving boundaries within offshore drilling
page 33