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Aibel - Mission to Myanmar 2014
About Aibel 100+ year Old Company
■ 7,000 Professionals■ Turnover (2013) approximately 2 Billion USD
Aibel’s Core Business Segments ■ Field Development■ Maintenance & Modification■ Renewables
Our Customers■ International, Independent and National Oil
Companies■ International Shipowners
Photo; Statoil
Aibel in Singapore and Thailand
■ Established in Singapore in 2007 and in Thailand in 1999
■ Initial focus to serve Norwegian Continental Shelf, MMO/MOD and Field Development
projects
■ Now executing projects throughout the world with emphasis to further developing SEA
region
■ Growth to presently 400 engineers and fabrication capacity of 15.000 tonnes annually
Scope of Services
Aibel value chain in oil services■ Concept Studies■ Front End Engineering & Design (FEED)■ System and area (detail) engineering ■ Procurement■ Fabrication■ System Completion (MC & Commissioning)
FEED MMOConstructionEngineeringFeasibility/ Concept studies
Hydrocarbon discovery
Decommis-
sioning
Development of New Yards in SE Asia
Initial strategy 1999 – 2004
■ Supply competitive high quality fabrication of modules for the shipowner EPC market
■ Serve own company group, Gas-Tech, Vetco Gray with competitive fabrication work
■ Capacity 3-5000 tons/yr
Strategy 2005– 2010+
■ Expand business to also include Engineering and Procurement services
■ Target local offshore operators and shipowners for FC projects
■ Supply cost efficient fabrication also to high spec North Sea Developments
■ Increase capacity to 15000+ tons/yr
Establish in SEA – Aibel strategy
StatoilHydro
Woodside/BW Offshore
South East Asia - Why Thailand?■ ABB had a division for Oil & Gas onshore construction projects in Thailand,
established in the early 80s. - The support functions to support a new unit already in place.
■ Thailand is a country with competitive cost■ Proximity to Singapore ■ Access to skilled workforce, qualified sub-contractors in the area ■ An established mind-set to quality and HSE■ Available deep-water ports with sufficient jetty foundations ■ The climate■ The very friendly people, the food and beaches might have also been considered
Laem Chabang
Sattahip
Mat Ta Phut
1999-2001 The port of Sattahip■ Started up with 4 employees, increased to 30 in two years■ A Thai navy port with frequent naval exercises.■ Limitations on the jetty for load out of modules - Aibel
moved in 2001.
2001-2005 The Port of Map Ta Phut■ Yard capacity 5000 tons/yr, 20,000m2 area■ Aibel required further expansion - Aibel moved in 2005
2005 - The Port of Laem Chabang■ Yard capacity approx. 15,000 tons/yr, 100.000m2 area■ Permanent staff 300 people■ Man-hours per year: up to 7Million■ EPC ISO Certified, ASME & PD 5500, PED
Aibel Assembly Yards in Thailand
2000- 2006 Gain experience and expand
The beginning - Small topsides and skids■ Topsides; 500-1500 tons■ BW Offshore FPSOs, Sendje Ceiba, Berge
Helene, Chinguetti■ Manifolds, separation, compression, utilities
and water injection modules
The next step – Integrated decks
■ Volve (Mærsk/Statoil) - Topsides 4700 tons■ Fully integrated NORSOK topside,
Compression, separation, WI, utilities, LER/LIR/CCR
2007 – Continued development
Moving into mega projects■ 2007 Mærsk/Woodside
■ FPSO Vincent - 7300 tons
■ 2009-2010 Modec/Petrobras■ Major FPSOs Tupi Pilot and Guara
total -18 000 tons
■ 2011-2013■ Statoil Gudrun WHP and Troll
Compression: total - 11.000 tons
FPSO Cidade De Sao MateusProsafe
Smart 1 FPSOAker Floating Production
Vincent FPSOMærsk
Thai Government industry regulationsBOI – Board of Investment
■ When investing in new business in Thailand, BOI may grant ■ A “tax holiday” for up to 10 years, No tax on profits, import or export■ Allow for 100% foreign ownership
Bonded Warehouse
■ Government may grant a “Bonded Warehouse” for fabrication yards■ No import tax on equipment or materials to be exported ■ Must be documented thoroughly
Taxation
■ Tax initiatives for “keeping cash” to facilitate organic growth locally■ 7% VAT
Ownership
■ If not under a BOI, local business must be owned minimum 51% by Thai investors.
■ FBL or Foreign Business License also allows for 100% foreign ownership but subject to the limitation of the issued business permit.
HSE
■ Thai government are strict on environmental protection and emissions■ Frequent governmental surveys and inspections
Aibel Thailand – 15 years of operation
Strategy achieved
Aibel and Myanmar
■ Aibel is interested to take part in the Development of
the Myanmar energy sector
■ Our vision is to develop a sustainable and safe long
term business for Aibel and
our Clients.
©
2008