meed projects oil and gas webinar presentation 101212

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MEED Projects Oil and Gas Webinar by Smriti Kunte 10 th of December 2012 10/12/2012 1

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Page 1: MEED Projects Oil and gas webinar presentation 101212

MEED Projects Oil and Gas Webinar by Smriti Kunte

10th of December 2012

10/12/2012 1

Page 2: MEED Projects Oil and gas webinar presentation 101212

Major Oil and Gas Contracts Awarded 2007 - 2012

10/12/2012 2

In the Period 2007 – 2012, contracts worth $182.2 billion were awarded in the GCC Oil, Gas and Chemical Sectors

Contracts worth a value as low as $11.2 billion were awarded in the year 2008, while 2009 saw the awarded value peaking to over $52.3 billion.

Since the 2009 high, new project activity declined to just over half the value in 2011.

Until the 1st week of December 2012 figures stand just over $28.8 billion with another $4-5 billion expected to be awarded before the year ends

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Page 3: MEED Projects Oil and gas webinar presentation 101212

Country Breakdown of Contracts Awarded 2007 – 2012 ($m)

10/12/2012 3

777, 0% 14,018, 8% 4,990, 3%

14,607, 8%

87,583, 48%

60,218, 33%

Bahrain Kuwait Oman Qatar Saudi Arabia UAE

Saudi Arabia, the largest Oil and Gas Market continues to be in the pole position with a value over $87.6 billion

The UAE remains not far behind with the value of awarded contracts close to $60.2 billion followed by Qatar, Kuwait, Oman and Bahrain together contributing to an awarded value of less than $35 billion.

Page 4: MEED Projects Oil and gas webinar presentation 101212

Country, Yearly Breakdown of Contracts Awarded 2007 - 2012

10/12/2012 4

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2007 2008 2009 2010 2011 2012

Bahrain Kuwait Oman Qatar Saudi Arabia UAE

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Saudi Arabia, has been consistent in awarding contracts valued between $12 - $20 billion, last five years except for 2008.

UAE on the contrary, peaked to over $30 billion in 2009 as against its lowest at $1.1 billion in 2008

Kuwait saw the award of contracts worth almost $7 billion in 2010, four-fold than other years

Page 5: MEED Projects Oil and gas webinar presentation 101212

Sector Breakdown of Contracts Awarded 2007 – 2012 ($m)

10/12/2012 5

By Sector, Oil and Gas was by far the largest with total contracts awarded worth $49.1 billion

Quite closely followed by Petrochemicals with awards worth $42.3 billion

LNG constituted the smallest segment of market with contracts awarded worth $58 million

The Pipeline, Gas Processing and Refining sectors had contracts awarded between $22 and $39 billion

7,370, 4%

22,373, 12% 58, 0%

49,106, 27%

42,332, 23%

22,677, 13%

38,277, 21%

Fertiliser Gas Processing LNG Oil / Gas Production Petrochemicals Pipeline Refining

Page 6: MEED Projects Oil and gas webinar presentation 101212

Major Contracts Awarded in UAE and Saudi Arabia 2008 - 2012

10/12/2012 6

Client Project Value ($m) Contractor Award Date Status

UAE

Gasco Habshan 5 Process Plant 4,700 JGC, Tecnimont Q3 2009 Complete

IPIC Abu Dhabi Crude Oil Pipeline (ADCOP) 3,290 CNPC Q2 2009 Complete

Takreer Ruwais Refinery Expansion Project - Process Package 2 (RFCC) 3,109 GS E&C Q4 2009 Execution

Takreer Ruwais Refinery Expansion Project - Package 3 (Offsites & Utilities) 2,700 Samsung Engineering Q4 2009 Execution

Takreer Ruwais Carbon Black and Delayed Coker Project 2,470 Samsung Engineering Q2 2006 Execution

Saudi Arabia

Yasref Yanbu Export Refinery: Gasoline Block 2,500 Daelim Q3 2010 Execution

Aramco Manifa Arabian Heavy CrudeProgram:Central Processing Facility:GOSPs 2,400 Saipem SpA Q2 2008 Complete

Aramco Manifa Arabian Heavy Crude Program:CPF:Package2 2,200 JGC Q2 2008 Complete

Satorp Jubail Export Refinery:Conversion Package 1,700 Technip Q3 2009 Execution

Sadara Jubail New Petrochemical Complex:Utilities&Offsites 1,650 Fluor Q3 2011 Execution

Page 7: MEED Projects Oil and gas webinar presentation 101212

Major Contracts Awarded in Qatar and Kuwait 2008 - 2012

10/12/2012 7

Client Project Value ($m) Contractor Award Date Status

Qatar

RasGas Barzan Gas Development - Onshore (Phase I) 1,700 JGC Q1 2011 Execution

QatarGas Plateau Maintenance Project for Onshore Facilities (AGX) 1,200 Chiyoda, Technip Q1 2010 Execution

RasGas Barzan Gas Development - Offshore (Phase I) 800 HHI Q1 2011 Execution

QP Strategic Gas Transmission Project (SGTP) 750 Punj Lloyd Q3 2008 Complete

Qapco Ethylene Plant Expansion 715 CTCI Q1 2012 Execution

Kuwait

KOC Oil / Gas Pipelines from Mina Al Ahmadi Refinery to Kuwait Power Plants 1,802 Hyundai E&C, Petrofac Q3 2010 Execution

KOC Jurassic Non Associated Gas Reserves Expansion: Phase II 1,556 Kharafi National Q4 2010 Execution

KOC Booster Station 171 900 Saipem Q2 2010 Execution

KNPC Mina Al Ahmadi Refinery: Gas Fractionation Train 4 886 Daelim Q2 2010 Execution

KOC Booster Station 132 724 SK E&C Q4 2010 Execution

Page 8: MEED Projects Oil and gas webinar presentation 101212

Major Contracts Awarded in Bahrain and Oman 2008 - 2012

10/12/2012 8

Client Project Value($m) Contractor Award Date Status

Bahrain

BBOC Lube Oil Refinery 430 Samsung Engineering Q3 2008 Complete

Tatweer Awali Field Redevelopment 207

MSCS, Ramsis Engineering, Special Technical Services, EnerServ Q3 2011 Execution

Banagas Gas Compressors & LPG Expansion 43 JGC Corporation Q3 2010 Execution

Banagas Sitra Gas Compressor Station 42 JGC Corporation Q3 2011 Execution

Oman

OOCEP Musandam Oil / Gas Processing Plant 480 Hyundai Engineering Co Q1 2011 Execution

Saltic Salalah Ethylene Dichloride & Caustic Soda Facility 450 Hanwha E&C Q3 2012 Execution

PDO Kauther Field Gas Compression Depletion Project 350 Petrofac Limited Q3 2009 Complete

PDO Saih Rawl Gas Depletion Compression Project: Phase II 235 Larsen & Toubro (L&T) Q3 2012 Execution

Page 9: MEED Projects Oil and gas webinar presentation 101212

Top Contractors in the Oil and Gas Market Based on Execution Projects

10/12/2012 9

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Clear dominance of Korean Contractors, in the oil and gas markets

Four out of the top five contractor companies are Korean

Return of the LSTK Approach seen as the prime factor for the Korean dominance

Page 10: MEED Projects Oil and gas webinar presentation 101212

Selected Planned Projects in the UAE

10/12/2012 10

Zadco Upper Zakum 750k, EPC2 4,000 Q4 2012 EPC Bid

Adma-Opco Sarb full field development 1,500 Q1 2013 EPC Bid

Adma-Opco Umm al-Lulu full field 3,000 Q1 2013 EPC Bid

Adma-Opco Nasr full field development 2,000 Q3 2013 FEED

Ipic Fujairah Refinery 3,500 Q4 2013 FEED

Adco North East Bab, Phase 3 2,000 Q1 2014 Pre-FEED

Gasco IGD expansion 1,000 Q1 2014 Pre-FEED

Chemaweyaat Al-Gharbia aromatics complex 1,000 Q4 2014 Pre-FEED

Client Projects Value ($m) Award Date Status

Page 11: MEED Projects Oil and gas webinar presentation 101212

Selected Planned Projects in Saudi Arabia

10/12/2012 11

Satorp Jubail Export Refinery Phase 2 9,000 2014 Study

Aramco Ras Tanura Clean Fuels and Aromatic 2,000 Q4 2013 FEED

Sabic MMA and PMMA Plants 500 Q3 2013 FEED

Sadara / Solvay Hydrogen Peroxide 200 Q3 2013 FEED

Petro Rabigh Clean Fuels 1,000 2014 Study

Saudi Kayan UHM Polyethylene Plant 200 Q3 2013 FEED

Aramco Midyan Gas Development 800 Q1 2013 EPC Bid

Saudi Kayan N- Butanol 500 Q1 2013 EPC Bid

Petro Rabigh Acrylic acid and SAP Units 500 Q2 2013 FEED

Client Projects Value ($m) Award Date Status

Page 12: MEED Projects Oil and gas webinar presentation 101212

Selected Planned Projects in Qatar and Bahrain

10/12/2012 12

Laffan Refinery Company Laffan Condesate Refinery – Phase 2 1,000 Q1 2013 EPC Bid

QP / Shell Ras Laffan Petrochemical Complex 1 6,400 Q1 2014 EPC PQ

QP / Qapco Ras Laffan Petrochemical Complex 2 5,500 2014 Study

Qapco Messaid Ethane Cracker 500 2013

First EPC package awarded to CTCI/IHI in March 2012. Second due to be awarded in 2013

Bapco Sitra Refinery Expansion 6,000 2015 Study

Bapco LNG Receving Terminal 600 2014 EPC PQ

Bapco Sitra LPG 70 2014 Planned

Qatar

Bahrain

Client Projects Value ($m) Award Date Status

Page 13: MEED Projects Oil and gas webinar presentation 101212

Selected Planned Projects in Kuwait and Oman

10/12/2012 13

KNPC New Refinery Project 15,000 2013 EPC PQ

KNPC Clean Fuels Project 18,000 2014 EPC PQ

KOC Kuwait Environmental Remediation Programme 3,000 2013 EPC PQ

KOC Gathering Centres 1,500 2013 FEED

KOC Low Fars Heavy Oil Development 7,000 2014 Planned

PIC Olefins III 7,000 2014 Planned

Oman

Kuwait

British Petroleum Khazzan and Makarem Fields 15,000 2013 EPC PQ

DRPI Duqm Refinery 6,000 2014 Study

ORPC Sohar Refinery Expansion 1,500 2013 EPC PQ

OOC Sohar PTA and PET Plants 800 2014 Study

OGC Duqm Gas Pipeline 210 2013 FEED

Client Projects Value ($m) Award Date Status

Page 14: MEED Projects Oil and gas webinar presentation 101212

Market Forecast 2012 - 2015

10/12/2012 14

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Kuwait Oman Qatar Saudi Arabia UAE2013 2014 2015

A significant pick-up is forecast for 2013 with estimated awards totaling just over $50bn

2014 forecast is also estimated roughly in line with 2009 peak

For 2015, contract volumes are likely to meet the historical average of $35 - $ 40 billion

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Page 15: MEED Projects Oil and gas webinar presentation 101212

Thank you for attending the webinar

If you have any further questions please contact us on: email - [email protected] or visit our

website -www.meedprojects.com

10/12/2012 15