Dr. Symeon Kassianides Chairman and CEO Hyperion Systems Engineering - - PowerPoint PPT Presentation

Oil & Gas Developments, Entrepreneurship and Business Opportunities… The Perspective of a Successful & Established Cypriot Service Provider in the Field

• Dr. Symeon Kassianides

Chairman and CEO Hyperion Systems Engineering Group

Significant Economic Activity Post Discovery

• A number of international firms establishing or exploring the

establishment of operations and/or partnerships in Cyprus.

• Accounting and Legal professions setting up local Oil and Gas

practices (hiring, training, developing skills)

• Public Sector related activity

– Cyprus Hydrocarbons National Company (CHNC) and DEFA (CyGAS) – Expanded functions in the relevant industries – Infrastructure projects

• Universities launching courses for BSc and MSc degrees relating to

Petroleum, Oil and Gas. Intentions for establishment of Chemical Engineering Schools.

• Private Sector:
• Construction
• Automation
• Chemicals
• Logistics
• Transportation
• Laboratories
• Storage Terminals

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Known Pipeline of Projects

• Pipeline connecting the Gas Fields with the Vassiliko Gas Receipt Terminal

(Pre‐FEED done by Technip for Noble Energy)

• LNG Energy Complex (Pre‐FEED done by Technip for Noble Energy)

– LNG Liquefaction Plant – LNG Storage – LNG Export Facilities (complete with Dock and Jetties)

• On shore pipeline connecting the Vassiliko Gas Receipt Terminal with the 3

EAC Power Stations (Vassiliko, Moni, Dhekelia) – finished detailed design

• Government Fuels Storage Terminal for the Cyprus national reserves

(VOPAK selected as strategic partner) – on hold

• VTTV Fuels Storage Terminal (Private Project – under construction)
• PETROLINA Fuels Storage Terminal (Private Project ‐ under construction)
• Relocation of remaining Fuels and LPG Storage Facilities from Larnaca area

to Vassiliko

• A number of private Power Plants using Natural Gas as feed

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Vassiliko Energy Park ‐ area and current stakeholders

New VTTI terminal, due for completion beginning of 2014. The first phase will have 357,000 m3 of storage (20 tanks) for gasoline, gas oil, jet fuel and fuel oil. With planned expansion to 858,000 m3, will likely also service the domestic market replacing former government plans to build its own terminal. New Petrolina, fuels storage and loading terminal. Phase 1 for construction of 7 new fuel storage tanks (total oil capacity 52,500 m3) is due for completion in first half of 2014. Vassiliko Power Plant

AREA RESERVED FOR A NEW ENERGY COMPLEX COMPRISING OF AN LNG PLANT, LNG STORAGE AND EXPORT TERMINAL FACILITIES

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Related Economic Activity

• Technology Research and Development
• Education and Training
• Servicing
• Catering
• Supply and Maintenance of Industrial Equipment
• Local manufacturing (made‐to‐order metal parts)
• Platform maintenance
• Engineering Services during construction (inspection &

certification)

• Cement Industry
• Processing of drilling liquids, mud and residues
• Local laboratory analysis

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Longer Term Potential Projects

• Potential for projects (using Nat Gas as feedstock):

– Methanol Plant – Ethylene Plant – GTL (Gas to Liquid) plant – provided the gas reserves prove to be very large – Fertilizer plants for Urea and Ammonia

• Potential for projects (using low cost energy from Nat Gas):

– Steel and Aluminium Manufacturing – Other energy‐intensive manufacturing

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This means that we need to evolve from knowing how to work with this ..

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… to also learn how to work with this

Can Cyprus meet the challenge and demands?

Cyprus today is not prepared to properly service an oil & gas exploration, production and processing industry. The support infrastructure will need to be either developed locally or imported from abroad. However we have many of the key ingredients:  Excellent Human Capital  Competitive and growing Universities  Friendly living and working environment  International Business Culture  Geostrategic Location  International Character

There is a need for new direction and pillar of economic development and it can be done.

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Estimated needs in professionals (*HRDA Study Nov2012)

2013

2020

EXPLORATION PRODUCTION/PIPE GAS TO SHORE PROCESSING PLANT / LNG TRANSPORTATION / EXPORT

140 450 4000 200

And likeliness to utilise local (Cypriot) resources

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But we must be realistic and recognise the rules

• f what is a global game
• With the current mix of skills in our workforce, Cypriots cannot be

absorbed to be resourced in oil & gas jobs from day one

• Most of the resources (especially during the initial exploration and

production phases of the new industry) will come from overseas.

• As with other O&G regions (Scotland, Norway, ..) local Cypriot resources

will enter the new industry in secondary roles and support jobs, and gradually as they acquire the skills will move on to undertake more important responsibilities.

• There needs to be a vision on education and a nation‐wide action to

facilitate and expedite as much as possible this re‐skilling of the existing Cypriot professional population as well as pave the way for future generations of relevant professionals.

• The plan and roadmap must address the long term needs and the short

term/medium term needs at the same time.

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Case Study ‐ Hyperion Systems Engineering

• Hyperion is a privately held medium sized, independent and globally operating, process systems

engineering company providing solutions, consulting and advisory services to process manufacturers.

• Group of companies with subsidiaries in the UK,

Russia, Cyprus, Greece, Saudi Arabia, Bahrain, India, China, USA and Singapore.

• Employs more than 180 highly qualified staff,

many with postgraduate qualifications and considerable industrial experience.

• Wide experience with numerous projects for large

multinational companies in Upstream Oil & Gas, Refining, Petrochemicals and Chemicals, Cement, Steel & Aluminum.

• Extensive network of strategic consultants that increase the ability to meet capacity, as well as,

domain and specialized expertise constraints.

• Partners and associates leading global technology companies.
• Certified ISO 9001:2008, TRACE compliant and accredited as an

Investor In People organisation.

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Our Customers

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Woodside Petroleum / PLUTO LNG

A Dynamic Simulation Study Project for an LNG Plant in Australia. The LNG production was studied (main propane compressor, mixed refrigerant compressor and main cryogenic heat exchanger). Over 20 test runs were performed, including start‐up, trip and valve‐failures. The study identified a number of items to address in the plant design and the size of the anti‐surge and hot‐gas bypass valves.

Saipem + Sonatrach / GNL-3Z Arzew LNG

Dynamic Simulation Study of an LNG Plant in Algeria ‐ 6 compressor system study including the main propane compressor, mixed refrigerant compressor and main cryogenic heat exchanger. Over 50 test runs performed. The client acknowledged savings around 1% of CAPEX ($30–$60 million) at plant commissioning, taking into account the minimization of reworks and avoiding prolonged commissioning activities.

Peru LNG

The LNG production was studied (main propane compressor, mixed refrigerant compressor and main cryogenic heat exchanger). Test runs focused on anti‐surge and hot‐gas bypass valve sizing.

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Examples of Work in gas upstream and LNG

Snamprogetti + Saudi Aramco / Khursaniyah

The study addressed a number of multi‐train and multi‐stage plant compressor systems, including propane refrigeration, sweet gas, recycle gas, sales gas. A very large number of test runs verified plant controllability and valve sizing issues under a wide range of conditions.

Fluor MidEast + GASCO / Habshan Gas Complex Expansion Project

Hyperion verified the new compressor anti‐surge protection systems and the performance of the overall load‐sharing and control systems. The study investigated the performance of the new plant and the potential impact on the existing plant equipment. 60 scenarios were studied and a number of recommendations for control system optimization arose.

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Snamprogetti + Saudi Aramco / Khursaniyah

This project is a dynamic simulation engineering study on the gas gathering compressors at three pressure levels (atmospheric, LP and HP). The study included a series of safety and operability studies to investigate the expected performance of the compressors under a wide range of conditions. The simulation included Hyperion‐developed models of the CCC compressor advanced controls, anti‐surge, load‐sharing, power limiting and master performance control. A number of test runs were performed, identifying a number of controllability and valve sizing issues.

Examples of Work in gas upstream and LNG

Hyperion Group Positioning

Despite the recent economic difficulties we strongly believe in the future for Cyprus as an upcoming energy hub for the Eastern Mediterranean. The discovery of natural gas can very well prove to be the first step only. The resource’s proper exploitation will lead to further development and downstream industrialisation which can reverse the downturn and bring wealth creation and prosperity for Cyprus as well as the region. Hyperion Systems Engineering is committed to support our country’s vision in every possible way and is determined to be one of the main companies servicing the emerging Oil & Gas industry with software, hardware and equipment technology, advanced solutions, knowledge transfer and expert manpower services. Hyperion’s combination of international experience and real local know‐how presents a unique partnering opportunity for companies aiming to take a position in this emerging market. Through targeted partnerships we are growing our solutions and services footprint, as well as expand into commercial representation of specialised hardware and equipment technology.

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The Hyperion Academy

• Formal launch and first courses: Q4 2013
• Specialised technical education initiative aiming to

bridge the gap between formal academic education and the need for specific, specialised skill set training in the emerging Cyprus hydrocarbons industry.

• Utilising the knowledge and human capital expertise

within the Hyperion Group

• Affiliation/cooperation with local academic institutions,

and overseas specialised training centres.

• Cooperation with the operating companies, service

companies and E&C companies that activate in the Cyprus market.

• Our vision is for Hyperion Academy to become a key

contributor to the Cyprus national strategy for the local human resource development in upstream O&G and a successful regional training centre attracting trainees from the neighbouring countries.

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Vision

• Cyprus will become the Mediterranean’s energy hub
• Cyprus will establish itself as Technology Hub to Service the

Regional Process Industries

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Thank You

HYPERION ENGINEERING UK LTD. / BRONER METALS SOLUTIONS LTD. 1, Century Court, Tolpits Lane, Watford, WD18 9PT, UK Tel: +44 1923 652000 / Fax: +44 1923 816456 www.bronermetals.com HYPERION SYSTEMS ENGINEERING S.A Dorylaiou 10-12. 3rd Floor, GR-115 21, Athens - Greece Tel: +30 210 8704900 / Fax: +30 210 6433 368 HYPERION SYSTEMS SAUDI ARABIA LIMITED Hail Center, Al Khobar P.O. Box 904, Al Khobar 31952, Kingdom of Saudi Arabia Tel: +966 3 814 3313 / Fax: +966 3 857 3684 OOO HYPERION SYSTEMS ENGINEERING (RUS) Skakovaya Street 17/1, Office 1212-1217 Moscow 125040 – Russian Federation Tel: +7 495 5040477 / Fax: +7 495 5040478 www.hyperionsystems.ru HYPERION SYSTEMS ENGINEERING (INDIA) PRIVATE LIMITED. Gandhi Empire, Plot No.2, S. No 595/1 5th Floor, Sareen Estate, Kondawa Road, Mouji Munjeri, PUNE 411 040, India Tel: +91 20 39845800 / Fax: +91 20 39845900 BRONER INFORMATION TECHNOLOGY (Shanghai) LTD. Room 425, No. 2 Building 351 Guo Shou Jing Road Zhangjiang High-tech Park, Shanghai, 201203, China Tel.: +86 21 508 099 48 / Fax: +86 21 642 252 48 HYPERION SYSTEMS ENGINEERING (Singapore) PTE LTD. One Raffles Place Bldg, 1 Raffles Place, Level 24 Singapore 048616 Tel: +65 6408 0514 / Fax : +65 6408 0601 HYPERION SYSTEMS ENGINEERING, (USA) LLC. 2234 Peachleaf Court, Longwood, FL, 32779 Tel: +1 407 333 3895

HYPERION SYSTEMS ENGINEERING LTD. 38 Strovolou Avenue CY 2018, Nicosia - Cyprus Tel: +357 22840700 / Fax: +357 22590009

hyperionsystems.net

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