You are on page 1of 41

Robust Solutions for New Frontiers

Chow Yew Yuen
COO & CEO-Designate Keppel Offshore & Marine

1

About the Keppel Group

Offshore & Marine • Rig design & construction • Ship repair & conversion • Specialised shipbuilding

Infrastructure • Power & gas • Environmental engineering • Logistics & data centres

Property • Property development • Property fund management

Investments
• Independent upstream company • Diversified investment company • Integrated communications service provider

Market capitalisation of S$18.3b*
* As of 03 Sept 2013
2

Segmental Breakdown
Offshore & Marine contributes over 60% of Keppel Corporation’s net profit 1H 2013 Revenue: S$5,835m
Property 12% Investments 3% S$22m Offshore & Marine 60% Property 22%

1H 2013 Net Profit: S$677m

S$698m

S$147m
Infrastructure 9% Offshore & Marine 66%

Infrastructure 28%

S$3,520m

S$1,607m

S$63m

S$445m

3

About Keppel Offshore & Marine
Keppel Offshore & Marine Ship repair & conversion
 FPSOs  FSRUs  FSOs  FSUs  Drillship upgrade/ enhancements  Turret & module fabrications

Offshore
 Jackups  Semisubmersibles  Floating Production Units

Specialised shipbuilding
 Offshore support vessels  Harbour tugs  Ice-Class vessels  Pipelay vessels  Specialised workboats

4

Keppel O&M Key Highlights as at 1H 2013 2013 Record Delivery Delivered 12 out of 22 newbuild rigs New Orders Secured Net Orderbook S$3.0b S$13.1b with deliveries into 2019 5 .

Total Solutions 6 .

Total Solutions 7 .

Proven Jackup Solutions KFELS B Class Jackup KFELS A Class Jackup KFELS Super A Class Jackup KFELS N Class Jackup KFELS Super B Class Jackup 8 KFELS Multi-Purpose Self-Elevating Platform .

The Industry Standard KFELS B Class Jackup 66 ordered since 2000 47 operating worldwide  High efficiency drilling with minimal downtime  Reduced emissions  Proprietary jacking & fixation systems  Readily upgradeable to meet customers’ needs KFELS B Class jackup 9 .

Proven Deepwater Solutions DSSTM51 Semi DSSTM38 Semi Series Semi Accommodation SSAUTM5000NG 10 Semi-Drilling Tender SSDTTM3600 .

Market-Leading Drilling Semisubmersible Design DSSTM 38 series  2 DSSTM38 semi delivered to QGOG  6 DSSTM38E semi ordered by Sete Brasil  1 DSSTM38M semi ordered by SOCAR  “Double-skin” columns protect equipment from external impact  Heavy-duty payload reduces frequency of transporting supplies  Well-suited for the deepwater golden triangle DSSTM38 11 .

The Preferred Solutions Partner 12 .

Innovating to meet customers’ needs across global frontiers 13 .

Advanced Jackup Solutions Responding to market needs     KFELS E Class KFELS J Class KFELS NE Class Arctic Ice-Class 14 .

Advanced Deepwater Solutions Responding to market needs  DSSTM 60HE Semi  SSDTTM 5000E  CAN DO Drillship 15 .

CAN DO Drillship Designed to meet operators’ latest requirements Features:  High functional & useable deck space covered effectively with cranes  Enhanced tank capacities  Ergonomic space arrangement  High speed and fuel autonomy  Improved drilling efficiency  Efficient escape & access routes 16 .

CAN DO Drillship Progress:  Class approval obtained  Model test completed  3D detail engineering near completion  Construction method set Ready for orders. 17 .

FLNG Solutions For up to 2.0 MTPA  Completed FEED study to develop Golar’s first Floating Liquefied Natural Gas (FLNG) vessel  Builds on track record of 3 Floating Storage & Regasification Unit (FSRU) conversions  FLNG design enhances flexibility & efficiency for tapping remote reserves Note: MTPA = Million Tonnes Per Annum 18 .

0 MTPA  Jetty-moored FLNG concept for near shore LNG terminals Newbuild barge for 0.5 MTPA  Capable of oil production & treatment of associated gas in shallow waters  Pre-FEED study completed 19 .FLNG Solutions Mid & small scale concepts featuring Keppel’s LNG technology FLNG conversion for 1.

Near Market. Near Customer 20 .

Singapore: Centre of Excellence Keppel FELS: Offshore rig design. Singapore 21 . construction & repair  Built about 50% of jackups & a third of semis worldwide since 2000  Reliable execution: Delivered 15 out of record 20 rigs this year  Secured 10 KFELS B Class jackup orders year-to-date Keppel FELS.

Singapore: Centre of Excellence Keppel Shipyard: Expertise in vessel conversion & repair  Expertise in ship repair with an average of 400 vessels/year  Track record of 109 FPSO/FSO/FSRU conversions & upgrades Keppel Shipyard. Singapore 22 .

FPSO/FSO/FSU conversion & upgrade FSRU conversion Turret fabrication 23 LNG carrier repair Skarv Turret .

Singapore: Centre of Excellence Keppel Singmarine: Specialised shipbuilding & design  Wide spectrum of customised turnkey solutions  Constructed over 400 specialised vessels for global clientele  Executing a Platform Supply Vessel for McDermott & a Diving Support Vessel for Bhagwan Marine Asia’s first ice-breakers for the Arctic region 24 Rockdumping vessel Pipelay vessel .

Supporting Network of Asian Yards Keppel Nantong. Indonesia Keppel Subic Shipyard. the Philippines 25 . the Philippines Keppel Batangas Shipyard. China Bintan Offshore.

Brazil 26 . Angra dos Reis.Brazil: Local Content Delivery BrasFELS.

000 bpd FPSO Marlim Sul FPSO Capixaba SSP Piranema FPSO Espirito Santo Cidade de Sao Vincente 100.000 bpd 90.000 bpd 100.Brazil: Contribution to Brazil’s Capacity 100.000 bpd 180.000 bpd 100.000 bpd 50.000 bpd FPSO Peregrino FPSO P 53 FPSO Polvo OSX 1 .000 bpd 25.000 bpd 40.000 bpd P-18 P-27 FPSO Cidade de Anchieta FPSO Brasil FPSO Cidade São Mateus 100.000 bpd 90.000 bpd 20.000 bpd 40.000 bpd 100.

Brazil: Solid Offshore Track Record FPSO Cidade de Sao Paulo FPSO Cidade de Paraty 28 .

Brazil: Local Content Delivery Total Solutions Provider Offshore rigs • DSSTM 38E semis for Sete Brasil in progress FPSO • FPSO topside fabrication & integration for Petrobras. Constructing another 5 tugs & 2 PSVs 29 . MODEC & SBM Specialised vessels • 2nd phase of KSM Brasil in progress Repairs & Upgrades • Rig repair & upgrade • Noble drillship upgraded • Delivered 1 tug.

Brazil: Reliable Execution 6 DSSTM38E semis  1st unit reached revenue recognition threshold  2nd unit struck steel  Harnessing synergy between global yards P-61 TLWP  Successful mating of the topsides & hull 30 .

Hull was towed from BrasFELS to a deepwater mating hole near Angra dos Reis 2.Mating of P-61. Brazil’s first TLWP 1. Hull was ballasted down to achieve the required mating draft 3. Topsides were positioned over the submerged four column hull 31 .

Upon de-ballasting. the hull connected to the topsides via specially designed receptacles and stab-in cones 32 . Brazil’s first TLWP 4.Mating of P-61.

US 33 . Texas.US Gulf of Mexico: Established Reputation Keppel AmFELS in Texas  Capacity to build up to 4 jackups per year  Has to date delivered a total of 18 jackups  4th Perforadora Central rig in progress  Upgrading Diamond Offshore’s semi Keppel AmFELS.

Mexico: Growing Clientele  Keppel O&M Group won 16 jackup orders from Mexico. 13 of these are KFELS B Class rigs KFELS B Class for Oro Negro 34 .

North Sea: Robust Solutions North Sea Compliant Jackup & Semi solutions KFELS Super A Class KFELS N Class CJ-70 DSSTM20NS  Delivered 2 KFELS Super A Class jackups. another 3 under construction  3 KFELS N Class jackups for Rowan performing well  Building 3 CJ-70 jackups for Maersk  Secured Floatel’s 5th accommodation semi for the harsh environment 35 .

Azerbaijan  Early mover to support SOCAR’s fleet expansion needs  Deepening presence in Azerbaijan  Secured DSSTM38M semi order from SOCAR in 2Q 2013 36 .Caspian Sea: Valued Partnerships Caspian Shipyard Company.

Caspian Sea: Second yard in Azerbaijan Baku Shipyard 37 .

Qatar.Middle East: Comprehensive Service Hub Nakilat-Keppel O&M. has repaired over 150 vessels to-date 38 .

fabrication & maintenance services 39 .Full spectrum of repair.

Mission & Core Values Vision To be the provider of choice & partner for solutions in the global offshore & marine industry Mission We seek to achieve customer satisfaction through technological leadership & in building a people-oriented organisation Core Values 40 40 .Vision.

Thank you Q&As 41 .