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Aibel – et selskap med lange tradisjonerUng Energi – Frokostseminar16 mai, 2012

Jan Skogseth, konsernsjef, Aibel AS

Scope of services

Aibel is a leading service company within the oil, gas and renewable energy industry

StudiesFEED

EngineeringProcurement

MaintenanceOperational supportDecommissioning

FabricationInstallation

System completion

History and Current Footprint

Njord A/B

Oslo

StavangerHaugesund

Bergen

Kollsnes

Sture

Mongstad

Troll A

Statford A/B/C

HuldraVeslefrikk

OsebergF/C/ø/SGudrun

SleipnerDraupner

Ula

Ekofisk

Eldfisk

Kristin

Norne

Snorre A/B

Karstø

Kristiansund

Harstad

Snøhvit

B11

Hammerfest

Stjørdal

Office Locations

MMO Frame Agreements

Current New-build and Modification Projects

Norway

UK

Egypt(EMC)

Thailand

Singapore

Denmark

Source: Company data

Presence in Norway International Locations

Elektrisk Bureau (EB) is established

1882 1993 2000 2007

1900 1990

ABB Offshore Technology is established

ABB Offshore Systems acquires UMOE Oil & Gas

Aibel is acquired by Ferd and Herkules

HMV is established UMOE acquires HMV

Timeline of Key Events

Approx 5000 employees worldwide

•10 FPSO Projects• 2 FPU Projects

• 3 PDQ Platforms• 2 Wellhead Platforms

Typical Field Development Projects Delivered Over the Last 10 Years

Source: Company data

Business units

MMO Modification Field development Wind

■Long term onshore and offshore MMO contracts

■Modifications to existing offshore installations and onshore plants

■New offshore installations and onshore plants

■International FPSO market

■New offshore facilities, AC/DC platforms

■Maintenance and facility services

Project Execution

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008

7

Aibels matrix organisation

PersonnelEmployees/ hired in/ subcontractors

Processes and tools

Infrastructure Own and subcontractors

BillingstadStavanger

HaugesundBergenStjørdal

KristiansundHarstad

HammerfestThailand

SingaporeUK

Denmark

MM

O

Fiel

d D

evel

opm

ent

Mod

ifica

tions

Win

d

Project execution model - EPCIC

Aibel Company

ENGINEERING & PROCUREMENT CONSTRUCTION INTEGRATION & COMISSIONING

BASIC ENGINEERING

Aibel Norway

OF

FS

HO

RE

HO

OK

-UP

AN

D C

OM

MIS

SIO

NIN

G

TO

W T

O S

ITE

CO

MM

ISS

ION

ING

INT

EG

RA

TIO

N &

PR

EC

OM

MIS

SIO

NIN

G

TOPSIDES FABRICATIONAibel Thailand/Haugesund

/Subcontract

DETAILENGINEERINGAibel Singapore/

Subcontract

PROCUREMENTAibel Norway

FEED

AIBEL PROJECT MANAGEMENT TEAMNorway

FEEDAibel

Norway

Example: Gudrun – an international project

• Topsides• Split location - Oslo, Thailand, Singapore, Haugesund• Common execution model

Aibel assembly yard (Thailand - Laem Chabang)

<

5000

Current backlog 25,0 BNOK

10000

15000

2011 Opening Balance14927 MNOK

Million

NOK

Order backlog, 2011/2012

Other 2011

orders4891

MNOK

GEA MMO3960

MNOK

2011 2012

Dolwin 21770

MNOK

20000

Troll A 342817

MNOK

2011 Revenue

8176 MNOK

Shell Draugen

6000 MNOK

2012 Revenue

2415 MNOK

25000

Other 2012

orders1512

MNOK

Some of our newest contracts

• Shell - Draugen• Statoil MMO • Ekofisk MMO• Gudrun topside• Troll 3 / 4 compression• Dolwin Beta • OSX3 Thailand• Modifications contracts

i.e. Kårstø, Skuld, Ekofisk

Aibel wind

January 12th 2012

14

Petroleumsvirksomheten – Norges største næring målt i verdiskapning, statlige inntekter og eksport verdi

• Petroleumsmelding ble lagt frem juni 2011, behandlet høsten 2011

• Nær 250 000 direkte og indirekte arbeidsplasser• Sysselsetting relatert til O&G i 415 av totalt 430 kommuner

1/4 av BNP

Over 1/3 av Statensinntekter

½ eksport-inntekter

Foto: Esben Johansen

12.04.2023

DM-369332

Stor optimisme!

12.04.2023

DM-279753

15

Skrugard +

Havis

Norvarg

Polar Pioner

West Phoenix

Snøhvit- tog II ?

Avaldsnes-Aldous

”Johan Sverdrup”

A sleeping giant !

Employee growth in Aibel

Number of employees

0

1000

2000

3000

4000

5000

6000

7000

Norway Abroad

Organic growth on 19,5% in 2011

Career phases

■ Professional and social

network

■ Introduction programme

■ Aspire development

programme

■ Training

Early career

■ Leadership development

■ Management in projects

■ Advance development

programs

■ Internal job opportunities

■ Extend career beyond

62 years old

■ Mentor role; share

experience with

young/new employees

Late careerMid career

Young in Aibel Aibel Academy Senior policy

Job opportunities

Bransjen har stor fokus på rekruttering og kompetanseutvikling

■ Ingeniører/siviling

■ Fagarbeidere

■ Markedsføring, salg, kommunikasjon

■ Innkjøp

■ Økonomi

■ IKT

■ HR

■ Juridisk

■ Støttefunksjoner

18

Kompetanse og rekruttering

19

©

2008

Aibel and Offshore WindBringing oil and gas knowledge into wind power

Tore EngevikEVP Wind

Content

• The Offshore Wind market and our approach• Wind success for Aibel – our deliveries

The Netherlands

BelgiumGermany

Denmark

The North Sea

Norway

England

Ireland

The North Sea - a large new market

• Enormous growth: 5 000 – 10 000 wind turbines within 2020• 40 GW installed by 2020• 150 GW installed by 2050

• Strong support schemes in the UK, Germany and Denmark stimulate rapid project development

Operational wind farms

Planned windfarms

Havsul

The European Offshore Wind market

• Ambitious targets in Europe; 20-20-20 initiative

• Offshore Wind Plans and Direction – Europe

– Wind farms increase in size. – Longer distance from shore – CAGR of 25% estimated from

2009-2020– Key markets; Germany and

UK

Source: EWEA; Annual report 2009

Annual and cumulative installations in offshore winpower

2011 - 2020 (mvh)

■ Accumulated installed capacity of 40 GW within 2020■ Estimated 65 bnEUR in accumulated investments within 2020

Aibel’s wind concept

An Offshore windfarm

How it works

Overview

LargeWind farms

Offshore HVDC Light

DC cable transmission

Main AC network

Onshore HVDC Light

Offshore AC platform

Offshore Wind Connections Platform - Gravity Based Structure

A Gravity Base Structure designed on a combination of well known technologies

The platform is transported on its own displacement by tug boats and ballasted down to sit on the seafloor –i.e. no need for Heavy Lift Vessel

The concept does not have the limitations in weight and size as lift-install concepts or other self-installing concepts such as jack-ups

Less sensitive to bad weather conditions during T&I compared to lift-install and also less sensitive than other self-install concepts such as jack-ups

Systems can be tested at quay side at the shipyard which enables a more efficient commissioning offshore

Aibel approach to Offshore Wind

• Build on our core competences and capabilities

• Build on our facilities• Further expand and develop our core

competences and capabilities

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Aibel - Offshore Wind scope

– New offshore facilities; HVDC converter platforms

• Generic and cost competitive execution model

– Maintenance and Facility Services

• Optimization of lifetime cost through both construction and maintenance of platforms

– Other potential scope to be evaluated

– Focus on European market (Germany, UK)

Offshore Wind Connections Platform - Gravity Based Structure

A Gravity Base Structure designed on a combination of well known technologies

The platform is transported on its own displacement by tug boats and ballasted down to sit on the seafloor –i.e. no need for Heavy Lift Vessel

The concept does not have the limitations in weight and size as lift-install concepts or other self-installing concepts such as jack-ups

Less sensitive to bad weather conditions during T&I compared to lift-install and also less sensitive than other self-install concepts such as jack-ups

Systems can be tested at quay side at the shipyard which enables a more efficient commissioning offshore

Offshore Wind Connections600-1100 MW HVDC platform

Aibel experience and reference

– Worlds first offshore HVDC converter station delivered to Statoil for the Troll A platform in 2005 (Power from shore)

■ Experience from Visund and Troll C Semi’s

■ Experience from the oil and gas business since the 1970`s

Gravity based structure HVDC platform

Design process and verification• Analyse and verification of different platform

concept vs market requirements• > ”Gravity Based Structure” (GBS) selected• Joint ABB/Aibel twelve months FEED study • Based on proven technology within in oil and gas

• DNV reviewed• Tank tested

Gravity based structure HVDC platformBase spesifification• 600 – 1100 MW HVDC• ”Self-installed” gravity based structure• Fixed to seabed after installation• Water depth 15 – 45 m• Design base NORSOK, SOLAS, DNV• Power cables through J-tubes protected in legs• Design life 30 years

Dolwin Beta – Aibel’s first wind platform

■ Awarded contract in August 2011 (ABB)

■ Design and build Dolwin 2

■ Wind farm cluster near Helgoland, in the

German sector of the North Sea

■ Convert alternating current into direct current

before sending it onshore via subsea cables

■ Can receive electricity from more than 200

offshore wind turbines

■ The size of a football pitch

■ Accommodation for 24 people

Gravity based structure HVDC platformInstallation an commissioning• Transportation by tugs• Low weather dependence• Position secured by own weight, ballasting into

seabed• Minimize hook up works offshore • Offshore commissioning limited to energization

and trial run-after installation of HV-cable• Stability verified and only required during

transport and installation as structure when in service will rest on sea-bed

• No noisy piling required

Gravity based structure HVDC platform

Summary• Reliable design• Reduced installation risk• Low weather dependent installation• Expandable for higher power ratings• Environmental friendly• Maintenance platform for wind farms• Minimized life cycle cost • First platform will be installed offshore

Germany in 2014

Offshore Wind Connections Platform - Gravity Based Structure

A Gravity Base Structure designed on a combination of well known technologies

The platform is transported on its own displacement by tug boats and ballasted down to sit on the seafloor –i.e. no need for Heavy Lift Vessel

The concept does not have the limitations in weight and size as lift-install concepts or other self-installing concepts such as jack-ups

Less sensitive to bad weather conditions during T&I compared to lift-install and also less sensitive than other self-install concepts such as jack-ups

Systems can be tested at quay side at the shipyard which enables a more efficient commissioning offshore

Offshore Wind – a political market?

Political drivers• Need for energy• Need for substitute for fossile fuel

– Environmental– Less dependencies for import– Need for industrial development

• Sustainable energy production• Strong support schemes in the start-up phase• Financial crisis and budget restrictions in Europa

Business drivers• Need for energy• Need for substitute for fossile fuel

– Environmental– Less dependencies for import– Need for industrial development

• Demand for a 30-40% cost reduction short term• Lack of offshore competence and experience in the market• Sustainable energy production

Energy production

OIL

& G

AS

RE

NE

WA

BLE

S

Look to China! Heavy and dedicated focus on renewable energy sources

Fossile fuels have passed the peak globally

Look to China!

Aibel’s wind success

©

2008