Site visit
30 November 2015
www.lamprell.com
ENSCO 140 & 141
Site visit 30 November 2015 ENSCO 140 & 141 www.lamprell.com - - PowerPoint PPT Presentation
Site visit 30 November 2015 ENSCO 140 & 141 www.lamprell.com Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/ or the industry in which
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ENSCO 140 & 141
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MIS Arabia
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Niall O’Connell, COO
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2 1 5 4 5 7 4 2 2 3 3 1 4 3 2 3 2 4 3 6 3 5
1 2 3 1 1 1 1 1 1 1 TRIFR Target FY 2014 0.55 TRIFR Target FY 2015 0.22
0.02 0.02 0.02 0.03 0.03 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.05 0.07 0.08 0.06 0.06 0.04 0.03 0.04 0.05 0.03 0.04 Incident Frequency Rates Total Number of DAFWC & Recordable Incidents
DAFWC TRC TRIR Target TRIR Actual DAFWC Actual
COMPETITIVE SOLUTIONS FOR COMPLEX PROJECTS HSSE Mind Set: We deliver world class safety standards and leave nothing to chance so everyone goes home safely Integrity: We conduct
with professional integrity, fairness and transparency Customer Drive: Building customer trust is key to
Team Work: We will strive to work Together and believe Great teams achieve Incredible things. Accountability: We deliver what we say we will Fiscal Responsibility: We are all accountable to ensure that we achieve the most cost effective solutions
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Lamprell’s Key Strengths Strong management & highly skilled, low cost workforce Commitment to reliability World class safety Focus on client satisfaction Strategic location First class quality
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4% 40% 33% 18% 5%
< 25 26-35 36-45 46-55 56-65 >65
Cricket Tournament April 2015 Women's Wellness Campaign March 2015 12 www.lamprell.com Bowling Tournament May 2015 Health Awareness Campaign February 2015 Yard Christmas party December 2014 Football Tournament January 2015
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NDC 8
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UAE Quayside (m)
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ENSCO 140 PEMSA HAFFAR 2
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Committed to date:$50m Savings on track Payback within 3-4 years of full run-rate
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Petrofac UZ750
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Source: Wood Mackenzie (Global Energy Markets Review – 26 Oct 2015)
Steady demand growth in 2015 and 2016 US onshore production declines Non-OPEC year-on-year decline in 2015 & 2016 Lower investments in 2015 / 2016 consequently reducing the supply Higher cost of developing new supply to meet growing demand lifts price outlook
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Capex by Region
Russia Europe America N America S Africa Middle East Asia Australia
*Covers O&G capex (excludes Opex, LNG expenditure, Downstream)
*
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39% 57% 2% 2%
Reported bid pipeline breakdown
New Build Jackup rigs Offshore/ Onshore construction Rig refurbishment and conversion Land Rig services
$5.2bn
32% 58% 0.32% 10%
Current bid pipeline breakdown
New Build Jackup rigs Offshore/ Onshore construction Rig refurbishment and conversion Land Rig services
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World class Statistics Impact on overall project performance
Strong Reputation On time On budget Experienced and dedicated PM’s and Site construction teams No carry over Reduced risk
Multiple UAE Free Zone facilities Load out and in house rolling capacity Facilities offer cost competitive, high quality fabrication track record
Management People Ethics Regional fabrication and jack-up rig market leader (i.e. NDC) Flexible Financially Sound
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Petrofac UZ750
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Access to quayside
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Click to watch the time-lapse video
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Shelf 1 - Hamriyah
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Land Rigs Services
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Noble Paragon refurb
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ENSCO 140
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244.9 36.7 19.9 17.7 32.2
New Build Rigs Rig Refurbishment Onshore/Offshore Land Rig Services Other 420.1 87.5 61.9 23.7 39.2
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Project Type 2014 1H 2015 2H 2015 1H 2016 2H 2016 1H 2017 NDC 9 Le Tourneau S116E NDC 7 Le Tourneau S116E NDC 8 Le Tourneau S116E Petrofac UZ750 Process modules Ensco 1 Le Tourneau S116E Ensco 2 Le Tourneau S116E Shelf 1 Le Tourneau S116E Shelf 2 Le Tourneau S116E
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