norwegian-russian business forum vi 18 october 2018 moscow...

© Kvaerner 2018 24.05.2018 INTERNAL

Norwegian-Russian Business Forum VI

18 October 2018 Moscow

Kvaerner, a Norwegian company with long

track record in Russia


Leader in concrete platform construction in Russia

Kvaerner is world leader in

concrete platforms

Three platforms have been

delivered to the Sakhalin fields

offshore Eastern Russia

▪ Two GBSs delivered for the

Sakhalin 2 project

▪ One GBS for Sakhalin 1

Construction in Nahodka

Project Sakhalin 1

Operator Exxon

Scope EPCI Concrete

GBS

Delivery 2009-12

Project Sakhalin 2

Operator Shell

Scope EPCI of two

Concrete GBS

Delivery 2003-05

Sakhalin 2

Sakhalin 1

© Kvaerner 2018 24.05.2018 INTERNAL3

GBS Construction in East Russia

GBS CONSTRUCTION SITE

REBAR BENDING REBAR FIXING

© Kvaerner 2018 24.05.2018 INTERNAL 4

One Team – One Goal!

Project Team focused on Common Vision and Goals,

The collective result and People development


Project Overview – Nord Stream Project 2 (NSP2)

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NSP2 will construct and operate a new twin 48”

pipeline which would double the capacity (to 110

BCM) of the existing gas connection which runs

from Vyborg to Greifswald.

Owned 100% Gazprom.

Start-up in 2020

CAPEX €9 billion. Capacity 55 bcm/yr.

Kvaerner awarded Contract 15 Dec 2017 for the

Russian onshore landfall

100%

Financing

partners


Scope of Work

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ENGINEERING (provided by Client):

PROCUREMENT:▪ Major tagged equipment by Client

▪ Rest by Kvaerner

CONSTRUCTION:▪ Establishment of greenfield Site

▪ Construction of Pig Trap Area (PTA)

– Civil Works

– Mechanical and Piping

– Welding and NDT of two onshore

trenched 48’’ pipelines 1,7 km each;

including cathodic protection (trenching

and pulling by others).

– Tie-in upstream and transition of 4

pipelines (28 ’’ by Kvaerner vs 32’’ by

Gazprom’s pipeline contractor)

Utility facilities

Land Fall

Illustration from Pig Trap Area NS 1 project –more or less similar except that NSP2 will have a separate Operational Area in addition to the above.

Trenched pipelines

Anchorageblocks2x2.500m3 concrete


Areas for cooperation and exchange of ideas

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Cost-effective solutions for offshore installations in Russia

Other adjacent market such as onshore processing, port facilities, “artificial

concrete islands” and other oil and gas related construction work

Qualification of Russian subcontractors for work:▪ Inside Russia

▪ Export/Prefabrication to global market

▪ High quality and HSSE requirements (international standards)

Cooperation with design institutes

Contractual and regulatory environment – joint standards?


Kvaerner Arctic Driller

Example of new technological solutions for Russia

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Exploration drilling unit

▪ Year round drilling in the Arctic

LQ for 160 persons

MI-8MTV helicopter can land

4 well slots

Designed for Russian Arctic ice

conditions

The rig can be relocated in ice

conditions

Construction in Russia


Copyright

Copyright of all published material including photographs, drawings and images in this document remains vested in Kvaerner and third party contributors as appropriate.

Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable

acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.

Disclaimer

This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to

differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the

regions and industries that are major markets for Kværner ASA and Kværner ASA’s (including subsidiaries and affiliates) lines of business. These expectations, estimates and

projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could cause actual

results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets

for Kvaerner’s businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange

rates and such other factors as may be discussed from time to time in the Presentation. Although Kværner ASA believes that its expectations and the Presentation are based

upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Kværner ASA is

making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Kværner ASA nor any of its directors,

officers or employees will have any liability to you or any other persons resulting from your use.

Copyright and disclaimer

Copyright

Copyright of all published material including photographs, drawings and images in this document remains vested in Kvaerner and third party contributors as appropriate.

Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable

acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.

Disclaimer

This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to

differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the

regions and industries that are major markets for Kværner ASA and Kværner ASA’s (including subsidiaries and affiliates) lines of business. These expectations, estimates and

projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates” or similar expressions. Important factors that could cause actual

results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets

for Kvaerner’s businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange

rates and such other factors as may be discussed from time to time in the Presentation. Although Kværner ASA believes that its expectations and the Presentation are based

upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Kværner ASA is

making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Kværner ASA nor any of its directors,

officers or employees will have any liability to you or any other persons resulting from your use.

Copyright and disclaimer

9

norwegian-russian business forum vi 18 october 2018 moscow...

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