Saipem General 03 15

A Leading Oil & Gas Services Provider

September 2015

Contents Highlights •

HSE and Q

Business Model Ownership Financial Performance Organization

Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities

Saipem: A Leading Oil & Gas Services Provider

2


HSE and Q

Business Model Ownership Financial Performance Organization

Sustainability and Local Content Strategy and Major Projects Under Way Key Achievements and Activities


2

Saipem Today: A Major Multicultural E&C & Drilling Contractor Operating in more than 60 countries  ~ 46,000 employees from >130 nationalities  29 engineering and project execution centers worldwide  11 fabrication yards in 5 continents 

Drill Ship

LNG Carrier

Oil & Gas Production

LNG Regasification

Gas Liquefaction Plant

FSRU Pipelayer Refinery

Compressor Station

FPSO Power

Drilling Rig Gas-to-Solids

Pipelaying

Semisubmersible Pipelay Vessel

Field Development Ship Petrochemicals Plant

Heavylift Semisubmersible Drilling Rig

Yard

Subsea Construction Vessel

ROV Remotely Operated Vehicle Sircos - Pipeline Repair System

Beluga - Deepwater Trenching Machine




REVENUES 2014 2015 guidance

12.9 B€ ~12 B€



BACKLOG June 30, 2015

19.0 B €



3

A Leading Global EP(I)C General Contractor Engineering & Construction 

Full service EP(I)C provider



Distinctive ‘frontier focus’ in

Oil & Gas industries 

Most modern, technologically advanced offshore construction fleet



BUs Offshore, Onshore, Floaters

Drilling 

High quality player onshore and in niches offshore


An impressive track record over more than 60 years

Engineering & Construction Designed and built: 

More than 100 grass roots complexes, 2,000 process units



Over 130,000 km of land pipelines, sealines and trunklines



In the last decade, more than 100 offshore EPIC projects, including groundbreaking deepwater achievements

Drilling Drilled over 7,300 wells, of which 1,800 offshore


Global Presence with a Multilocal Emphasis

Paris Rome

(1/2)

Milan Fano

Chennai

EP(I)C Hubs Engineering Centres Yards & Main Logistic Bases Other Main Areas and Rep. Offices


6

Global Presence with a Multilocal Emphasis

(2/2)

Human Resources

46,277 employees of 130 nationalities(°)

( ) 31st August, 2015 °


HSEQ – Top Saipem Priority LTI & TRI Frequency Rate 1999 – 2014 Company performance 1999

–

2014

6,000

s e t a R y c n e u q e r F I R T d n a I T L

350

300

5,000

250 4,000

200 3,000

d e k r o w s r u o h n o i l l i m

150

2,000 100

1,09 1,000

50

0.28 ,000

0

Worked Manho urs

LT I Freq uency R ate

TRI Frequ ency Rate

- Lost Time Frequency Rate is the ratio between number of incidents with loss of working days and total worked manhours (x 1.000.000) - Total Recordable Incidents Frequency Rate is the ratio between number of total recordable incident and total worked manhours (x 1.000.000)


8

Moving to the next safety plateau

Saipem’s non-profit organization, to sponsor HSE studies, training programs, educational campaigns, etc. Results and methodologies available to the industry


9

Choose Life campaign A campaign design to provoke ‘Healthy Choices’, specifically targeting 3 of the

critical health challenges facing a globally operating company today

Lifestyle Transmitable deseases Malaria

478 events 7 953 partecipants(*)

(*) June 30, 2015 Saipem: A Leading Oil & Gas Services Provider

10

Saipem Businesses and BUs

BU

Offshore

BU

Onshore

BU

Floaters

n o i t c u r t s n o C & g n i r e e n i g n E

BU

Drilling

e r o h s f f

O

e r o h s n O


11


HSE and Q

Business Model Ownership Financial Performance Organization Sustainability and Local Content Strategy and Major Projects Under Way

Key Achievements and Activities


12

Saipem E&C: Complete Range of EPC/EPIC Services

PROJECT MANAGEMENT

FEASIBILITY STUDIES

PROJECT DEFINITION

TECHNOLOGY LICENSES

BASIC DESIGN FRONT END

ENGINEERING, PROCUREMENT, INSTALLATION, CONSTRUCTION

START-UP AND COMMISSIONING LEASE AND OPERATE MAINTAIN AND OPERATE

REVAMPS, UPGRADES, MODERNIZATION DECOMMISSIONING ENV. REMEDIATION

SAFETY, QUALITY MANAGEMENT


13

Saipem E&C: Complete Range of EPC/EPIC Services

Targeting even the most challenging and technologically advanced projects, offshore and onshore

Emphasis on maximizing local presence and content

Superior capabilities for harsh, remote and difficult environments


Customized project and contracting solutions EPC, LSTK, EPIC, T&I, Cost-plus, Convertible, Lease & Operate

14

Saipem Business Model Supply of complex solutions for even the largest and most challenging projects

State-of-the-art know-how and top quality engineering

High-tech fleet, unique in global markets

STRONG PROJECT MANAGEMENT

Broad, well-rooted, sustainable presence in strategic markets worldwide

Maximum emphasis on Healthcare, Safety, Environmental and Quality values and culture


15

Saipem in Drilling 

International drilling contractor operating both offshore and onshore

 13th largest contractor in offshore drilling, 2nd largest contractor in onshore drilling international 

member of

markets

Specialization in deep water, harsh environments and remote areas

Offshore positioning

Onshore positioning

(total world*: 751 units, Apr. ‘15)

(total international markets*: 938 units, workover excluded, Mar. ‘15)

*drillships, semisubs and jackups

*excluding North America, China and Russia

( ) 30th June, 2015 °


16

Saipem’s Assets: Major Engineering Centres Saipem (Milan – Italy)

Saipem (Paris – France)

Saipem (Rome – Italy)

Saipem (Fano – Italy)

Saipem India Projects (Chennai – India)

Saipem Canada (Calgary - Canada)

EP(I)C HUBS ENGINEERING CENTRES

Moss Maritime (Oslo - Norway)

Snamprogetti Romania (Bucharest - Romania)

Xodus Subsea (London – UK and > 10 other locations)

Snamprogetti Engineering & Contracting (Al-Khobar - Saudi Arabia) Sofresid (Regional Offices - France)

Saipem India Projects (New Delhi - India) Saimexicana (Mexico City - Mexico) Saipem (Rijeka - Croatia)

Saipem do Brasil (Rio de Janeiro - Brazil)

Saipem Contracting Algérie (Algiers - Algeria)

Saipem Indonesia (Jakarta - Indonesia)

SA.LI.CO. (Tripoli - Libya)

Saipem (Vibo - Italy)

Deepwater Engineering and Technology (Luanda - Angola)


Saipem Contracting (Nigeria) (Lagos - Nigeria)

Saipem (Sharjah - UAE)

17

E&C Typical Project Execution Strategy PROJECT Complexity Size Major Centre leadership on large complex projects

Major EP(I)C Hubs

Saipem

Saipem

Saipem

Saipem

(Milan – Italy)

(Paris – France)

(Rome – Italy)

(Fano – Italy)

Guidance

Saipem India Projects (Chennai – India)

EP(I)C HUBS ENGINEERING CENTERS

Subcontracting

Regional Engineering Centres Local leadership on small/medium projects


18

Saipem’s Assets: Fabrication Yards

(*)

Edmonton Yards - Canada

Kurik Yard, Kazakhstan

Karimun Yard, Indonesia Guarujà Yard Brazil

Rumuolumeni Yard Port Harcourt, Nigeria

Ambriz Yard, Angola

Soyo Yard, Angola (*) Construction support facilities worldwide not included


19

Saipem’s Assets: Offshore Construction Vessels Our offshore fleet exceeds 40 units Ultra-Heavy Lifting & Deepwater Pipelaying

Field Development / SURF Lifting and DLB Under construction

Normand Maximus

Saipem 7000

Saipem FDS

Saipem 3000

Castoro Otto

Saipem FDS 2

Pipelaying

Castorone

Castoro Sei

Castoro 10


Castoro XI

20

Saipem’s Assets: Drilling Units 17 offshore units and more than 100 onshore rigs Deep Water

Saipem 12000 Angola

Saipem 10000 Mozambique

Scarabeo 9 Angola

Scarabeo 8 Norway – North Sea

Onshore

Scarabeo 5 Norway – North Sea

Jack-Up

Perro Negro 8 Italy Desert Environment Algeria/Saudi Arabia

Kashagan Field - Kazakhstan

Heliportable Rig Ecuador/Perù Perro Negro 7 Saudi Arabia Saipem: A Leading Oil & Gas Services Provider

21


HSE and Q




22

Saipem Ownership

Market Cap. € 3.9 Billion @ December 31, 2014 Listed on Milan Stock Exchange


23


HSE and Q




24

Financials (B€) NEW CONTRACT ACQUISITIONS

REVENUES

BACKLOG

1.4

1.1

0.9 2.9 1.1 1.1

1.5 1.5

3.4

3.3

0.9 3.2

0.7

2.5

1.2

3.8 3.8

0.7

6.4

6.7 3.4

0.7 0.47

0.8

0.3 0,4

0.6 0.6

1.2

4.8 5.3

0.8

1.6

2.2 6.2

4.0

0.6

9.6

4.5

5.1

5.4

5.3

10.0

8.3

7.5

6.6 5.5

5.8

6.1

9.3

8.7

7.1

2.6

3.7

5.4

1.0 0.1 0.4 0.2

5.1

4.5

4.6

4.4

3.7

3.5

11.2

9.2

1.4

6.1

5.2

4.1

8.0

7.5

0.4 0,5

3.2

2.3

7.7 6.1

5,1

5.1

4.3

6.1

6.7 10.5

0.9

5.0

0.6

7.2

3.9

1.0

0.8

3.8

0.3 0.4

0.6

0.6 0.3

6.0

3.5

0.8

0.4

0.9

0.3 0.3

1.2

0.7 0.4 0.5

0.7

1.1

0.8

3.4

1.2

0.8

3.4

4.2

4.2

2006

2007

4.7

3.5 2.7

2006

2007

2008

2009

2010

2011

2012

2013

2014 1HF15

2006

2007

2008

2009

2010

2011

2012

2013

2014 1HF15


2008

2009

2010

2011

2012

2013

2014 1HF15

25

Major Global E&C Companies in Oil & Gas Markets Revenues in 2014 (B €)


26

Balanced Exposure to Oil & Gas Industry: Backlog Analysis TOTAL BACKLOG AS OF December 31, 2014 = 22.1 B€

BY GEOGRAPHIC AREA

1%

BY CLIENT 24%

18%

BY COUNTRY WITH MAJOR ‘LOCAL-CONTENT’ FOCUS

6% 9%

44%

25% 30%

19% 6%

8%

Middle East America Europe Asia Pacific

West Africa North Africa CIS

1%

13%

36%

48%

3% 5%

4%

Saudi Arabia Brazil Nigeria Angola Canada Kazakhstan Other


National Majors/Supermajors Independents Others

27


HSE and Q




28

Company Organization BOARD OF DIRECTORS

Chairman P. A. COLOMBO

Chief Executive Officer (CEO)

Internal Audit

S. CAO

L. SIRI

Chief Operating Officer (COO)

Chief Financial and Compliance Officer (CFCO)

G. CASELLI

A. CHIARINI

Human Resources, Organisation and Services for Personnel

Integrated Risk Management

Procurement, Contract and Industrial Risk Management

D. GALLINARI

A. RIVA

P. FORMICA

Quality A. CAREDDU

Business and Technology Development

Public Affairs and Communication

Health, Safety, Environment and Sustainability

D. BRKIC

C. PALLADINO

A. FORZAN


29

Saipem Operations COO G. CASELLI

COO

BU Onshore E. MAGNANI

Europe & North Africa

C.I.S. & Caspian Sea

J. L. CHASSAGNE

a.i. G. CASELLI

Office

Project and Post Order Management A. GEBBIA

BU Offshore S. PORCARI

Central Africa

Southern Africa

G. D’ALOISIO

L. FURINI

Engineering, Technologies & Commissioning A. CIPELLI

BU Floaters

Middle East

South East Asia & Oceania

F. PALLAVICINI

G. SECCHI

G. MARTELLI

P. BARCLAY

E&C Tendering M. PANTALEONE

BU Drilling

North America

South America

E. PALLIOTTO

V. TESTAGUZZA

L. CATTEDRI


30


HSE and Q




31

Local Content Maximization A cornerstone of Saipem’s business philosophy Creation of long-term social and economic value



Development of local skills

Effective engagement of all stakeholders

Develop/invest in local project execution centres 

Engineering



Project Management



Prefabrication Yards



Procurement and Subcontracts with Local Suppliers



Local hiring



Training, know-how transfer



Local partnerships



HSE, medical training and assistance Objective: deeply rooted local sustainable presence


32

Local Presence: Saipem in Nigeria - Since the 1960s EP(I)C contracts with as many local resources as possible In construction

s e e y o l p m E

Personnel employed by Saipem in Nigeria

Egina Field Development- Total Upstream Nigeria Ltd. In construction

15.4 Km 16.4 Km

17.4 Km

Tunu: site camp

Rumuolumeni Base, Saipem prefabrication and construction support yard at Port Harcourt

Okwori Field Development Scarabeo 3 - Addax

Southern Swamp AG Solution SPDC


33

Local Presence: Saipem in Canada 



Full service project execution centre, with international reach 

Upstream



Pipelines



Refining



Oil sands processing



Shale gas

Business model based on EPC Innovative contractual and risk management schemes, new for the Canadian market



Mastered exacting local project execution requirements 

Climate impact



Modularization



Pioneered new entry mechanisms for foreign labor



Completed own prefabrication yards

The only real local EPC contractor in Alberta, with full control of the entire work sequence and risk assumption Saipem: A Leading Oil & Gas Services Provider

34

Local Presence: Saipem in Iraq 

Sajer, a JV with local partners, registered in Iraq since 2009



Sajer Assets: 

Baghdad Head Office (Int. Zone)



Rumailah: Camp, Logistics Base, Prefab Yard, Training Centre, Laydown Yard, Batching Plant Sharing people and assets with Saipem ME facilities



 Central Metering and Manifold Platform Loadout – Iraq Crude Oil Export Expansion Project, South Oil Company

 Rumailah Camp Facilities

Numerous projects under way 

Iraq Crude Oil Export Expansion Project Phase 2, Basra Oil Terminal, South Oil Company



4 EPC contracts for water treatment, processing plants and pipelines for ExxonMobil Iraq Ltd. In execution



Umm Qasr Marine Terminal rehabilitation, Inlet Booster Compression Station, FCP Majnoon and other projects for Shell/Basra Gas Company In execution

Drilling Operations 

Technical service agreement to support Iraqi drilling company


35

Local Presence: Saipem in Brazil EPIC contracts for the Lula Norte, Sul and Extremo Sul Projects



From occasional contractor to permanent player   



Lula Extremo Sul Project

Application of highly specialized ultra-deep water fleet 

FPSO Cidade de Vitoria

Rio Polimeros Chemical Complex (completed in 2005)



Guarujá Yard

• •

Guara & Lula NE Pipelines Lula NE – Cernambi

8 major deepwater EPIC projects underway One Leased FPSO in operation offshore Vitoria 3 rigs deployed for onshore drilling

Rio Engineering Centre

New flagship Saipem FDS 2 vessel, 2 vessel, ideally suited for Pre-Salt ultra-deepwater project execution

Developing new Guarujá Yard and Engineering Centre in Rio 

Within the industrial hub of Santos, t he largest port and industrial area in Brazil



Strategically located to support development of new ultra-deep water Pre-Salt fields



Fabrication of subsea and floating structures and supply of support services to the specialized fleet and project execution

(Picture of Saipem FDS 2 vessel that will perform the offshore activities)


36


HSE and Q




37

Saipem Strategy Excel in all steps of the oil & gas value chain, onshore and offshore, upstream and downstream, as well as in selected diversified businesses

OIL & GAS PRODUCTION AND PROCESSING

OIL

PIPELINES

DRILLING UPSTREAM

IGCC

GAS LIQUEFACTION

LNG REGASIFICATION

GAS-TO-LIQUIDS

POWER

GAS-TO-SOLIDS

PETROCHEMICALS

OFFSHORE

SUBSEA FIELD DEVELOPMENT FLOATERS

INDUSTRIAL

OIL REFINING ONSHORE

OFFSHORE FIXED FACILITIES

GAS

DOWNSTREAM

MARITIME WORKS

INFRASTRUCTURES

ENVIRONMENT & RENEWABLES


MAINTENANCE & OPERATIONS

38

Advanced Subsea, Offshore and Onshore Technology Development Subsea Field Architectures SURF

FLNG tandem offloading system

   

SIR Riser



Riser concepts : SIR, BIRD, … Forged ends PIP Plastic liners : FBJ Active heating for pipe in pipe Welding

Subsea Processing

SpoolSep  

Flowlines with PiP, heating, liners, …

Multipipe



Floaters 

SPRINGS

Gas/liquid separation : Multipipe Liquid/Liquid separation : SpoolSep Seawater treatment: SPRINGS

 

Offshore LNG offloading FLNG technologies Dry tree Unit (WHB)

Advanced Welding & Pipelaying Techniques   

Ultra-shallow, ultra-deep, Arctic pipelaying Productivity acceleration Exotic and clad materials

Process Technologies SpoolSep

Multipipe

FLNG facility

 


"Zero emissions" urea synthesis Environment and remediation control

39

Mega-projects Under Way, Onshore



Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco, Saudi Arabia (Pictured: Khurais Field Development Project)

Socar & Turcas Aegean Rafineri – Turkey (Vision 2023)  Jazan Refinery Pckgs 1&2, Saudi Aramco, Saudi Arabia  Al-Zour New Refinery Project (NRP) Pckgs 4 & 5, KNPC, Kuwait 

Phase III



Chevron, LNG Loading Jetty Gorgon - Australia



Fertilizer Complex Dangote Fertilizer Ltd., Nigeria



EPDM Rubber Plant Versalis, Italy

Shedgum-Yanbu Pipeline,  CNRL Horizon Secondary Saudi Aramco, Saudi Arabia Upgrader, Phases II and III  South Caucasus Pipeline, - Canada(Picture of CNRL – Phase I) Azerbaijan – Georgia  Pipeline El Encino, Mexico  Water Pipeline System - Chile 


Tunu

Okupushi

Benisede

Ogbotobo



Southern Swamp Associated Gas Solution SPDC Nigeria

40

Major EPC Projects Under Way, Onshore High Speed Railway RFI Italy

Regasification Terminal Polskie LNG Company Poland

South Caucasus Pipeline Expansion Shah Deniz Consortium Azerbaijan-Georgia

STAR Rafineri A.S. Grassroots Refinery Turkey

West Qurna ExxonMobil Iraq

Zubair Gathering System ExxonMobil Iraq

EPDM rubber plant expansion VERSALIS Italy

Al-Zour New Refinery Project (NRP) Packages 4 and 5 KNPC Kuwait

Horizon Oil Sands Canadian National Resources Ltd. Canada

Rabigh II Complex Saudi Aramco/Sumitomo Saudi Arabia

Topolobampo Gas Pipeline Transcanada Mexico

Shedgum Yanbu Pipeline Loop 4&5 Saudi Aramco Saudi Arabia Pipeline El Encino, Transcanada Mexico Jazan Refinery, Packg.s 1 and 2 Saudi Aramco Saudi Arabia Water Pipeline System CODELCO Chile

Shell Petroleum Development Otumara-Saghara-Escravos Gas Pipeline Nigeria

Khurais Mazalij and Abu Jafan fields New facilities Saudi Aramco Saudi Arabia

SSAGS Facilities SPDC Nigeria

Ammonia and Urea production complex Dangote Fertilizer Ltd Nigeria

Litchendjili Gas Treatment Plant Eni Congo Congo


LNG GL3Z Arzew Sonatrach Algeria

Shah Gas Development Project Abu Dhabi Gas Devel. Co. Ltd. United Arab Emirates

41

Mega-projects Under Way, Offshore and Floaters Petrobras, Brazil Pre-salt Projects

Lula Norte, Lula Sul, and Lula Extremo Sul Pipelines and Riser Systems  P55 – Brazil (Pictured) 

 

Sapinhoa Norte and Cernambi Sul Guara & Lula NE Export PipelinesBrazil (Pictured) Recently awarded



Two FPSOs for Kaombo - Field Dev. Project, Block 32 Total, Angola



Egina Field Development, Total, Nigeria



Shah Deniz Stage 2, BP Exploration, Azerbaijan

Just awarded

First Deepwater Field Developed in the South China Sea

Castoro Otto 

FPU for Jangkrik Complex Project Dev. Eni M.B., Indonesia

 

Al Wasit Gas Program Saudi Arabia New offshore structures (Part of Long Term Agreement) Saudi Arabia



Ichthys Gas Export Pipeline Australia




Liwan 3-1 Field - China (Picture of the Saipem FDS 2 vessel that will perform the offshore activities)

42

Major EPIC and T&I Projects Under Way, Offshore and Floaters Lakach field development Pemex Mexico

Various platform and pipeline installations North Sea

Filanovsky Field Export pipelines and T&I activities Lukoil Russia

Kashagan field – Pipeline Installation North Caspian Operating Company Kazakhstan

Shah Deniz Stage 2 BP Azerbaijan Lula Norte, Lula Sul and Lula Extremo Sul project Petrobras Brazil

Al Wasit Gas Program Arabiyah and Hasbah fields development Saudi Aramco Saudi Arabia

Long Term Agreement Offshore Maintain Potential Program Saudi Aramco Saudi Arabia

FPSO Cidade de Vitoria Petrobras Brazil (Leased - in operation)

New Offshore Structures Saudi Aramco Saudi Arabia

FPU for Jangkrik Complex Project Eni Muarau Bakau Indonesia

Sapinhoa Norte and Cernambi Sul SLWR and FSHR Petrobras Brazil

Ichthys Gas Export Pipeline INPEX Australia

Sapinhoa Norte and Iracema Sul Project Petrobras Brazil

Egina Field Development Total Nigeria

FPSO Gimboa Sonangol Angola (Leased - in operation)

FPSO Units for Kaombo Field Dev. Total Angola


Kizomba Satellites Phase 2 Tiebacks Esso Angola

43

Saipem Drilling Business Unit: Key Utilization Data

% of utilization

% of utilization

offshore drilling

onshore drilling

100%

100%

90%

90%

80%

80%

70%

70%

60%

60%

'09

'10

'11

'12

'13

'14

'09

'10

'11

'12

'13

deep water floaters

high specs jackups

heavy rigs

light rigs

mid water floaters

standard jackups

medium rigs

all fleet

'14

tender assisted



Utilization rate significantly higher than the average of competitors


Saipem Offshore Drilling Fleet Deployment

(July 2015)

Scarabeo 8 (6nd gen semi)

Scarabeo 5 (4nd gen semi) S10000 (drillship)


Scarabeo 6 (3nd gen semi) Perro Negro 2 - 3 - 5

Perro Negro 4

Perro Negro 7 - 8


Deep Water Floaters

TAD Scarabeo 9 (6th gen semi)

Mid Water Floaters High Specs Jackups

S12000 (drillship)

Standard Jackups Tender Assisted Logistic Bases


Scarabeo 7 (5th gen semi)

Saipem Onshore Drilling Rigs Deployment

(June 2015)

Kazakhstan 8 RIGS Italy 2 RIG

Colombia 7 RIGS Ecuador 3 RIGS Peru 24 RIGS

Venezuela 28 RIGS

Mauritania 1 RIG

Tunisia 1 RIG

Turkmenistan 1 RIG Saudi Arabia 28 RIGS

Congo 2 RIGS

Bolivia 4 RIGS

Chile 2 RIGS


46


HSE and Q




Mega Oil Projects Upstream Saudi Aramco, K.S.A. 

Flagship projects to bring huge new gas and oil production capacity on stream quickly



Individual project values: > 2 bn $ each Last years total awards: > 12 bn $



New “Convertible” contract structures: FEED (Cost-plus)

EPC (Lump Sum)

With pre-agreed formulae  Source: Saudi Aramco (2007)

Qatif Central Producing Facilities

Khursaniyah Processing Facilities

Khurais WIPS

Khurais Oil Field: Saipem awarded 60% of total investment

Qurayyah Sea Water Treatment

Khurais Utilities Package


Manifa Central Processing Facilities

48

Other Recent Large Oil & Gas Production Project Awards



Khurais, Mazajili and Abu Jifan production centers expansion Saudi Aramco, Saudi Arabia

(Pictured: Khurais Field Development Project)

 SPDC, Delta State, Nigeria

Southern Swamp Associated Gas Solution

Recently awarded

In progress

15.4 Km 16.4 Km

17.4 Km

Tunu: site camp


49

Floating Oil and Gas Production Latest Award



Designed and completed: 

9 new built floating production systems, including 3 large scale projects with storage capacity exceeding 2 million barrels of oil



6 converted FPSOs under Lease & Operate contracts (3 in operation)

 Continuously developing new concepts

and top quality engineering services, including the design of more than 20 semisubmersible units.

FPU for Jangkrik Complex Project Eni Muara Bakau Indonesia

Latest Award

Two FPSOs for Kaombo Field Development Project, Total, Angola

Total, Dalia FPSO, Angola


ExxonMobil, Erha FPSO, Nigeria

50

Complex Integrated Offshore Fixed Facilities

BP, Shah Deniz Field (general layout), Azerbaijan



Completed more than 100 offshore EPIC projects over the last ten years, including several challenging large-scale integrated complexes



EPIC flagship projects: 

Bahr Essalam Full Field Development:



Al Wasit Field Development:



Shah Deniz Stage 2

Gathering sealines, export trunklines, subsea production system, production platform Close to completion

Complete system, including 12 wellheads, 2 tie-in and 1 injection platforms, 200 km export trunkline offshore, 120 km onshore pipeline, service pipelines and sealines, marine works T&I of jackets, topsides and subsea production systems and subsea structures; laying of over 360 km of pipelines; diving support services; upgrading of main installation vessels

Latest Award

Under Execution

South Oil Company, Iraq Crude Oil Export Expansion Project, Phase 2

Saudi Aramco, Saudi Arabia, Al Wasit Gas Program

Agip Gas B.V., Libya Bahr Essalam Full Field Development

(Picture of Castoro otto installing similar platform)


51

Platforms Installation

Saipem 7000 installing platform accommodation module

Sakhalin Island, Russia, integrated deck floatover installation



Installed 2.5 million tons of offshore structures



Heaviest lift record: 12,100 t integrated deck



Floatover and heavy lift techniques Jacket launch


52

Subsea Deepwater Field Development Under Execution

Elf Petroleum Nigeria, Usan, Nigeria EPCI of subsea system connecting 42 wellheads to FPSO, with export sealines

Egina Field Development - Nigeria

Currently Under Execution



Designed and executed more than 20 major deepwater systems in the last ten years



Numerous high technology proprietary solutions available for risers and flowlines



Under way: 

Gazprom, Sakhalin 3, Russia (*) Not

deepwater

Burullus Gas Company, West Delta Deep Marine Project, Egypt (Picture of Saipem FDS operations i n Egyptian waters)

Egina Field Development, for Total Upstream Nigeria Ltd. EPIC Contract for Umbilicals, Flowlines and Riser System



Sapinhoa Norte and Cernambi Sul Project for Petrobas EPIC contract for Steel Lazy Wave Riser and Free Standing Hybrid Riser for the gas export systems


53

Sonsub Remote Subsea Technologies 

Full service deepwater intervention capabilities:      

Deepwater sealine repair system

Construction Services Diverless Tie-in and Pipeline Repair Systems Diving Operations Specialist Tooling & Engineering Survey & Positioning Services Dedicated fleet of 11 Construction Support Vessels and Several ROVs



More than 200 subsea inspection, maintenance, repair and support services completed world-wide in the last 20 years



Deepest recovery operation of oil from tanker at 3,850 m water depth (Repsol, Prestige)

Bar Protector Dive support and construction vessel


Innovator 250 Heavy duty ROV

Repsol, Spain, Prestige Deepwater oil recovery

Refining and Heavy Oils Conversion  World-wide 

 In

track record

37 grass-roots refineries

the last decade, emphasis on

“Bottoms-of-the-Barrel” upgrading 



Recent focus:   

CNRL - Canada

30 hydrocrackers, H-Oil and LC Finers

EST First Commercial Unit for Eni R&M Staatsolie, Suriname, refinery expansion (modular) 2 desulfurization and amine units for Pemex - Refinacion, Mexico

 In Execution

Canadian projects

 In Execution

Reformer and Aromatics Complex for Saudi Aramco/Sumitomo - Rabigh II, Saudi Arabia

 In Execution

Aegean Refinery Project

 In Execution

Jazan IGCC Complex Saudi Aramco Saudi Arabia

CNRL Horizon Upgrader Phases II and III - FEED and EPC

212,000 BPSD Grassroots Refinery Aliaga, Turkey

15 gasifiers, plus H 2, ACR, Soot Ash Removal, Sulfur Recovery and other units

Eni - EST Sannazzaro Refinery

 In Execution

Staatsolie Maatschappij Suriname N.V.

Al-Zour New Refinery Project (NRP) for KNPC Packages 4 and 5, Kuwait


IGCC-Integrated Gasification with Combined Cycle 

Designed and built the two world largest IGCC plants 0n stream 

Significant interrelationships EPC/Project Financing requirements



Integration of many technologies and proprietary equipment



Contributed to technology optimization and development (E.g. Reactor redesign)



GE (then Texaco) and Shell technologies



Designing and building the world largest gasification project Saudi Aramco Jazan IGCC 

Latest Award

15 gasifiers, plus H2, ACR, Soot Ash Removal, Sulfur Recovery and other units for new grassroots refinery in Jazan, KSA

Feed Vapor Oxygen

512 MWe

250 MWe

550 MWe

Syngas Quench water Soot water

View of a tipical Sulphur Recovery Unit

ISAB, Priolo - Italy

Sarlux, Sarroch - Italy

Eni R&M Sannazzaro - Italy


56

Gas to Market Processing  20

Integrated Natural Gas Complexes

 Designed Abu Dhabi Gas Development Co. Shah Gas Development Program EPC Packages 2, 3, 5

 Individual

and built > 200 process units project values > 1 bn $


Gas to Market Onshore Transportation Systems - Pipelines  Leading

global E&C contractor for oil and gas pipelines

 Over

60,000 km of gas pipelines > 90 compressor stations (~3,000 MW)

 30,000 Hawiyah Gas Pipeline System Saudi Arabia

km of oil & product pipelines 40 pumping stations (~2,100 MW)

BS 160 - Kuwait BS 171 - Kuwait

 1,400

km of water pipelines 11 Pumping Stations (~130 MW)

 Topolobampo

Gas Pipeline

Transcanada Mexico

In Construction

Alinta - Australia

 South

Caucasus Pipeline Azerbaijan – Georgia, Shas Deniz Consortium

Latest Award

 Water Kashagan - Caspian Sea

Pipeline System 160 km, reaching heights of 3,000 metres CODELCO, Chile

NAOC GTS4 - Nigeria

Latest Award


58

Gas to Market Offshore Pipeline Systems Completed ahead of schedule in April 2012

Nord Stream Gas Pipeline – Baltic Sea 1224 Km, 48’’

Castoro 6 On duty for Nord Stream



Leader in deepwater and shallow water pipelaying: laid over 35,000 km of sealines



Designed and laid the most challenging offshore pipelines since the 70s



Numerous complex mega-projects under way in Brazil, Australia etc.



New state-of-the-art, high productivity Castorone pipelaying vessel

Installation underway

•

Inpex - Ichthys LNG Project - Australia (Picture of Castorone vessel that will perform the offshore activities)

Saipem 7000

for very large diameter pipes in sub-arctic conditions and in deep waters


59

Flagship Integrated Mega-project: Kashagan Experimental Program  Kashagan Field



Major offshore and onshore integrated project for the production of crude oil and associated gas: 

Offshore artificial islands for drilling, process and utility facilities



Oil and gas export system



New onshore processing facility

Saipem’s scope: 

EPCI of trunklines and production flowlines



Transportation & installation of piles, flares and modular units



Fabrication of structures



Hook-up and commissioning



Drilling of multiple wells from artificial islands



Developed locally purpose-built construction fleet and unique taylor-made pipelaying techniques and equipment



Two 95 kilometer pipelines, connecting D island in the Caspian Sea to the Karabatan onshore plant in Kazakhstan Latest Award


60

Flagship Pipeline Integrated Mega-project: Sakhalin II 

Client: Sakhalin Energy Investment Co. (SEIC)



Saipem main contractor - multibillion EPC contracts



Oil & gas twin 780 km land pipeline system  Oil: 24”  > 80 MM  Driven >

Gas: 48” construction man-hours 150 MMkm



Built over 5,000 km of temporary access roads



Several segments of sealines and subsea power and communication cables



Offshore transportation and installation of two massive integrated platform decks



Very challenging logistics:  Remote and inhospitable  T < -45°C, frost  Snow storms  Mountains, slopes



terrain

>15°

Start-up Dec. 2008


Shell CEO 2008 Safety Award

61

Gas to Market LNG – NG Liquefaction 

1st multi-billion $ contract as Main Contractor to design and execute a world class 4.7 MTPA LNG project



To date, designed and built 9 other LNG trains, 35 MTPA total capacity



Several FEED and pre-EPC projects under way for major new projects in Canada, Mozambique etc.



Major synergies with Saipem’s long-standing experience and capabilities in marine works and LNG tankage

RasGas, Ras Laffan - Qatar EPC Trains 3÷5

Completing start-up

Arzew - LNG GL3Z - Algeria

NLNG, Bonny Island - Nigeria, Trains 1 ÷6 EPC / Train 7 Plus


62

Gas to Market LNG Import / Storage / Regasification 

Extensive proprietary technology and expertise



Designed and built:  12

world scale LNG terminals  More than 40 LNG tanks



Pioneer in new technologies for treatment, storage, handling of liquefied gas

Canaport LNG - Canada

Close to Completion

LNG Import Terminal Zeebrugge - Belgium

LNG Import Terminal Chengtoujiao, Guangdong - China

Fos Cavaou Marseille - France


Polskie LNG Terminal Swinoujcie - Poland

63

Floating LNG – Regasification and Liquefaction 

First FSRU worldwide positioned offshore



Combining onshore and offshore engineering and construction competencies with the emerging conversion / new built floating LNG market



Several designs and FEED studies developed and under way



Significant R&D effort way

Petrobras, LNG FPSO, FEED

Floating Hose Development with Trelleborg Azure, Deepwater LNG FPSO for mild environments, Joint Industry Project

OLT, FSRU Toscana, Italy Broadwater FSRU, USA, pre-FEED and ITT preparation


64

Gas to Market Gas-to-Liquids

Chevron Nigeria Ltd. - Escravos, Nigeria One of three world scale GTL projects (34,000 bpsd) 

Sasol process to produce premium diesel from natural gas



ATR - New Syngas production technology from Haldor Topsoe



Multibillion $ contract, in JV with KBR

Modules Fabrication in Abu Dhabi

Oxygen

Natural Gas + Steam

Single module

Module loading

Modules shipment

GTL site - Nigeria


GTL site - Nigeria

Syngas

65

Gas to Market Ammonia – Urea Complexes Ammonia Urea



Snamprogetti™ Urea Technology: More than 130 licenses world-wide



Designed and built more than 30 large Ammonia/Urea complexes



World largest complex in operation (2 trains):



World largest single train complexes: 3 on stream 2 in design and construction 3 in design preparation

2,194 t/d 3,835 t/d

Engro Chemical Pakistan Ltd. Daharki - Pakistan

Ammonia 2 x 2,300 t/d Urea 3,850 t/d Qafco-5 - Qatar

 ‘Jumbo’ single

train - ready!

Ammonia 2 x 2,200 t/d Urea 2 x 3,850 t/d Dangote Complex, Nigeria


>5,000 t/d Urea 3,850 t/d Urea

>5,000 t/d Urea

Ammonia 2 x 1,750 t/d Urea 2 x 2,530 t/d Omifco - Oman

66

Petrochemicals Ethylene (520,000 t/y) LLDPE (2 x 250,000 t/y)



Engineered and built most advanced petrochemical plants 5 Ethylene 13 HD/LLDPE



10 LDPE 3 Styrene

Access to first class technologies  Univation



 Dow



Versalis Lummus Global

 ExxonMobil Latest Award

RIO POLIMEROS, Rio de Janeiro - Brazil



Expansion of the Ethylene Propylene Diene Monomer plant Versalis, Ferrara, Italy

Dushanzi China Ethylene

PE, Brindisi - Italy UNIPOL™

Qatofin - Qatar LLDPE (450,000 t/y)


Petrochina Dushanzi Petrochemical Co. SSBR (100,000 t/y) SBS (80,000 t/y)

67

Power Plants

Ferrera Erbognone - Italy

Berrouaghia - Algeria

Ravenna - Italy



Designed and built over 10,000 MW (EPC basis)



Natural gas and syngas, combined and single cycle, combined heat and power, waste to energy



Italy, France, Algeria, Nigeria



Ansaldo, GE, Alstom, Siemens turbines

Dombasle - France

Okpai - Nigeria


Afam - Nigeria

68

Infrastructure Italian High Speed Railway System 

Milan-Bologna 182 km Main Contractor for Design and Construction (Single Contract > 6 B €)

Inaugurated in 2008



Milan-Verona 112 km

Under Way

Basic and Front End designs completed EPC started on Milan-Brescia stretch



Ruwais - Shah, Habshan (U.A.E.) 265 km EPC Railway Track

Milan-Bologna Po river crossing

Calatrava road bridge

Shah-Ruwais Railway track


69

Environment & Renewables 

Business Line with core team of dedicated specialists integrated into global Saipem organization



Full Environmental Services Provider:  Contaminated  Water

and waste treatment plants and management

 Ecology,

 Groundwater Treatment Plant Porto Torres - Italy

CCS programs

sites remediation

monitoring and emissions abatement

Developing of new environmental and renewable technologies and systems

Site Remediation Priolo - Italy

Electrochemical Remediaton Technology


Physical Barriers at Porto Marghera - Italy

70

Marine Works 



Innovative structures

Shore-line facilities for onshore projects 

Jetties & Berths Oil & Gas Marine Structures



Ports & Container Terminals







Optimization of overall facilities layout In-house specialist expertise:  Coastal

Engineering  Structural Design  Hydraulic Testing  Foundation Engineering  Construction Methods

Guangdong LNG - China

Breakwaters  Waterfront Developments 

Recent awards:



 Ammonia/Urea

jetty, Arzew, Algeria (Sonatrach)  LNG loading jetty, Barrow Island, Australia (Chevron)  Bulk unloading and loading jetty, Sohar Port, Oman  Tangier II Port Project, Morocco (TMSA)  Pointe Noire Container Quay, Republic of the Congo  Puerto Nuevo Export Terminal, Colombia

Callao Container Terminal, Lima Peru

Costa Azul Mexico

Tangier Harbour Morocco


Melchorita LNG Peru

71

Offshore Decommissioning 

Successfully completed 7 decommissioning projects in the last decade in the North Sea, Mediterranean and Gulf of Mexico



Flagship project example - Frigg Field Decommissioning for Total E&P Norge: Platforms (topsides and jackets) and related subsea facilities 

Project duration: 5 years up to 2010

 

Scope: engineering, preparation, removal, transportation and disposal 340 days of offshore activities by Saipem 7000



Removed 85,000 tons of structures



Over 2 million man-hours without LTIs



Developed innovative seafastening techniques and substructure removal methods


72

Maintenance, Modifications & Operations Global O&M Services around 3 main products: 1. Maintenance & Inspection Engineering  CMMS, Assets register, RCM, RBI  Spare parts management  Training services  Special studies 2. Operations & Maintenance Long-Term Contracts  Technical expertise  QHSE continuous improvement plans  On-the-job training programs  Local content and nationalization

3. Modifications & Turnaround Projects  Project management  Engineering & procurement services  Fabrication support from local yards  Installation capabilities

Leverage on continuing in-country local presence Saipem: A Leading Oil & Gas Services Provider

73

Saipem General 03 15

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