indian offshore services roadshow lon 24 jan... · •platform design, ... •riser installation...
TRANSCRIPT
OFFSHORE INDIA
Presentation by
Vijay Kantilal Sheth,
Great Offshore
Mumbai
EMPOWERING EXPLORATION
Disclaimer
OFFSHORE INDIAEMPOWERING EXPLORATION
IMPORTANT NOTICE
» Except for historical information, the statements made in this presentation
constitute forward looking statements. These include statements regarding the
intent, belief or current expectations of Great Offshore Limited (The Company)
and its management regarding the Company’s operations, strategic
directions, prospects and future results which involve certain risks and
uncertainties. Certain factors may cause actual results to differ materially from
those contained herein including change in market conditions, day rates, global
economic conditions, currency fluctuations, effects of competition etc…
» Whilst every effort has been made to ensure the veracity of information
contained herein, no guarantees of accuracy can be made, and the Company
assumes no responsibility for any errors and omissions.
OFFSHORE INDIAEMPOWERING EXPLORATION
1867
First Oil Discovery in Assam
1958
First gas and oil pools discovered in Gujarat and Punjab
1974
Giant field at Mumbai High discovered
1983
First Indian private sector offshore services commence operations
2002+
World Class Discoveries in KG Basic, Mahanadi and Cauvery Basins
India’s Hydrocarbon Timeline
0
5
10
15
20
25
30
2001 2002 2003 2004 2005
Discoveries 2001-2005
* Sources: ONGC, DGH, Govt of India
OFFSHORE INDIAEMPOWERING EXPLORATION
Offshore Services Climate
* Sources: DGH
OFFSHORE INDIAEMPOWERING EXPLORATION
Availability of Offshore Services
DRILLING
• Drilling
• Drilling Services
• Directional Driling
• Mud Engineering & Logging
• Cementing
• Well Testing & Completion
•Well logging, perforation, coring & fishing
MARINE LOGISTICS
• Platform Supply Vessels
• Anchor Handling / Towing
• Offshore Supply Vessels
• Survey / Integrated Vessels
• Specialised Vessels & Services
• Accommodation/Hookup Vessels
• Fire fighting support vessels
•Diving Support Vessels
PRODUCTION
• Production/Storage Systems
• Field Development
• Well Stimulation
• Engineering Services
CONSTRUCTION
• Platform design, fabrication & installation
• Platform re-engineering
• Subsea well engineering
• Riser Installation
• Subsea piping & cabling
• Pipe laying
• Mature and
experienced players.
• Fulfilling a wide range
of the support
requirements of the
upstream E&P
business
• Safety Driven
• Embracing the shift to
deeper waters with
state-of-the-art assets
and new technologies
• Proven partners for
all the E&P operators in
India
OFFSHORE INDIAEMPOWERING EXPLORATION
Offshore Drilling India 200740% of the presently deployed rig fleet is Indian owned and operated
9 newbuild rigs joining the Indian fleet before 2010 (capex > US$2B)
12
10
5
2 2 2 2 2 2 21 1 1 1 1 1
Type Nos
JACKUPS 33
FLOATERS 11
PLATFORM RIGS 3
TOTAL DRILLING UNITS 47
* Sources: Rigzone, Various
OFFSHORE INDIAEMPOWERING EXPLORATION
Leading Indian Drilling ContractorsA
BA
N G
RO
UP India’s Largest Private Sector
Drilling Contractor
Commenced operations 1989
Fleet:
•16 Jackup Rigs
•3 Drill Ships
•1 semisub offshore production unit
GR
EAT
OFF
SHO
RE India’s largest integrated
Offshore Service Provider
Commenced drilling operations 1987
Fleet:
•1 Jackup Rig
•1 Drill Barge
•1 Newbuild Jackup on order
•2 Newbuild 6th gen semisubs on order
JIN
DA
L D
RIL
LIN
G Offshore Drilling & Allied Services Provider
Commenced operations 1988
Fleet:
•2 inchartered jackups
•2 newbuild jackups on order
20 Rigs 5 Rigs 2 Rigs
• Industry leading safety and efficiency records• 20 years+ experience serving Indian and International E&P operators• Proven performers in drilling projects
* Sources: Company websites & press releases
OFFSHORE INDIAEMPOWERING EXPLORATION
Marine Logistics 2007-2008165 Vessels currently operating offshore India
AHTSV AHT PSV TUGS OSV / SV MSV UTILITY SURVEY FFSV SSV SUBSEA VESSEL
51
2
19 18
3 2 3 2 2 1
16
33
6
6 1
Spot Timecharter
•Fleet well orientated to the Indian offshore environment
• Acquistory trend is towards higher end vessels in support of deeper water programs
• Broad spectrum asset classes equipped with latest technologies
• > 60% of the presently deployed offshore marine fleet owned and operated by Indian companies
* Sources: Clarksons, ODS
OFFSHORE INDIAEMPOWERING EXPLORATION
Marine Logistics India 2007-2008Major contractors fleet comparison
0
5
10
15
20
25
30
35
40
Great Offshore SCI Garware Offshore Tag Sea Logistics Varun Shipping Greatship India
39
107 6
4 4
OFFSHORE INDIAEMPOWERING EXPLORATION
GR
EAT
OFF
SHO
RE
India’s Largest Integrated Offshore Service Provider
Commenced vessel operations 1983
Fleet:
•3 AHTs
•12 AHTSVs
•2 FFSVs
•7 PSVs
•11 TUGs
•1 OSV
•1 MSV (+1 on Order)
•2 CONSTRUCTION VESSELS
SCI
India’s State Owned Shipping Company
Commenced operations 1984
Fleet:
•10 AHTSV (+4 on order)
GA
RW
AR
E O
FFSH
OR
E
Commenced operations 1984
Fleet:
•4 AHTSVs (+2 on order)
•3 PSVs (+2 on order)
•1 Accommodation Barge
Leading Offshore Marine Service Providers
39 Vessels 10 Vessels 8 Vessels
• World class asset base proven in India and Internationally• Aggressive expansion programs well under way to meet the E&P requirements• Fleet expansion program industry wide capex commitments of US$1.5B+
* Sources: Company websites
OFFSHORE INDIAEMPOWERING EXPLORATION
INDIA’S LEADING OFFSHORE SERVICES PROVIDER
Enterprise ● Energy ● Endurance
OFFSHORE INDIAEMPOWERING EXPLORATION
•Exploratory Drilling, Re-entry & Reactivation, Workovers
•Deepest well drilled 4,991m – Longest horizontal section 1,400m
•Jackup downtime <0.5% over last seven yearsOffshore Drilling
•Production Support, Towing, Rig positioning, Diving Support (air & sat), Personnel/Materials Supply, Mooring, Emergency Response, Rescue, Firefighting, Subsea operations support
Offshore Marine Logistics
•Hookup & modification, Installation, Structural Maintenance, Structural Repairs, Marine Growth Removal, Inspection, Riser Installation & Repair, Engineering Design, HarbourConstruction Support, sub-sea pipeline & cable tie-ins, pipeline repair, pile driving, SBM installation, clamp-ons, jacket and riser fabrications, topside projects.
Marine Construction
•Berthing / Unberthing, Towing of vessels, Emergency Response, Fire fighting duties, Port Standby dutiesPort / Terminal Support
Great OffshoreIndia’s largest Offshore Service Provider
OFFSHORE INDIAEMPOWERING EXPLORATION
Committed
•25 years in the offshore business – from the start of the Indian private sector offshore industry in 1983, Great Offshore has always been at the leading edge of offshore services in India.
Experienced
•More than 500 successfully executed contracts
•Recipient of more safety awards than any other Indian offshore company
Distributed
•Operations in India, Middle East, Far East, North Sea, West Africa and South Africa
Integrated
•Bringing together a diverse spectrum of assets and skills to deliver premium, packaged offshore solutions
Great OffshoreProven performer
OFFSHORE INDIAEMPOWERING EXPLORATION
FIR
ST First private sector Indian Offshore Services Business (1982)
First Indian Supply Vessel (1983)
First Indian construction barge (1994)
First Indian private sector operator of Harbour Tugs (1994)
FIR
ST First Indian Offshore Company to operate in Far East (1995)
First Indian clamp-on project pioneering the installation of enhanced oil recovery systems (1997)
First Indian PSV Ordered (2000)
First Indian company to operate in Qatar (2001)
FIR
ST First Indian company to operate in the North Sea (2002)
First Indian Offshore Services company to enter the aviation logistics business (2002)
Designed and took delivery of India’s first Fire Fighting Support Vessel FFSV (2006)
Great OffshoreLeading the way
OFFSHORE INDIAEMPOWERING EXPLORATION
Growing Opportunities for Service Providers
39 Vessels 4 Vessels 6 Vessels
Growth Drivers:• Large scale survey demand • High intensity exploratory drilling programs• Deeper waters, fresh challenges• Increased demand for production systems (floating , fixed & subsea)• Oilfield revamping, re-engineering requirements• Booming economy• Energy Security high on Government agenda• Subsea technologies in high demand• Huge demand for drilling support services & consumables• Favourable tonnage tax regime
Alliance / Partnership opportunities:• Indian offshore companies quick to absorb technologies• Large & technically sophisticated talent pool available• Alliance / Partnership provides extremely low cost of entry into the market• Govt. supportive and encouraging of International collaborative relationships• Indian offshore companies ready and willing to explore new horizons
OFFSHORE INDIAEMPOWERING EXPLORATION
Conclusion
39 Vessels 4 Vessels 6 Vessels
• NELP has stimulated a huge amount of upstream work which will escalate significantly over the coming 6 years.
• The shift to deeper waters and more challenging exploration environments creates opportunities for International companies to partner with Indian offshore service providers in capitalising this requirement effectively.
• The Indian investment landscape is highly attractive to foreign partners wishing to enter.
• The low risk – high return scenario in India’s E&P sector is set to attract large FDI inflows over the coming years.
• Indian offshore service providers ready to partner international E&P companies in developing opportunities under NELP VII
• India has been hailed as the “New North Sea” and is now firmly on the world map as one of the largest comparatively untapped sedimentary resources in the world.
OFFSHORE INDIAEMPOWERING EXPLORATION
OFFSHORE INDIAEMPOWERING EXPLORATION