Oil Country Tubular Goods (OCTG)

Transcription

1 Yahya Ali Al-Reyami, Manager Commercial Oil Country Tubular Goods (OCTG) Vision : one integrated team working effectively to produce hydrocarbons from offshore areas, aspiring to excellence in all aspects of our business. Website :

2 Our Mission Produce the fields in accordance to with good oilfield practice Implement the highest HSE polices and procedures Maintain integrity of all physical assets Implement capacity and injection enhancement projects Monitor reservoirs performance and produce at optimum rates Develop two new fields (Umm Lulu & Nasr) Encourage investigation and appropriate adoption of innovation and emerging technologies

3 Role of ADMA-OPCO Operate Concession Area Exploration Oil Production and Export [ Joint Venture] Gas & Condensate Production and Export [ ADNOC Sole Risk ] Venture Definitions Joint Venture: Responsible for oil operations, Funding: 60% ADNOC, 40% - BP(14 2/3 %), TOTAL (13 1/3 %), JODCO (12 %). ADNOC Sole Risk (ASR): Responsible for Gas / Condensate Supply operations, also Responsible for selected oil fields with no partners, Funding: 100% ADNOC

4 ADMA-OPCO Concession Areas IRAN QATAR 150 Km from Abu Dhabi 36 Km from Das Al Khair DUBAI Mandous Bunduq Das 180 Km from Abu Dhabi Umm Al Salsal Umm Shaif Nasr Belbazem 63 Km from Abu Dhabi 81 Km from Das Sir Abu Nu air Jarnain Satah Qarnain Zirku Bin Nasher Zakum Dalma Delma Bu Jufair Hiar Dalma Ghasha Butini Sarb Umm Lulu / Al Mutarid Umm Al Dalakh Sir Bani Yas Murawah Abu Dhabi Abu Al Abyad Concession Areas ABU DHABI ADMA-OPCO Other OPCO's

5 Role of ADMA-OPCO Provide Services to Associated Ventures ZADCO (ZWSC GIP, Zakum GPF, Common drilling services) BUNDUQ (Bunduq oil stabilization at Das Island & Export) ADGAS (Provide services to ADGAS) TOTAL ABK (ABK oil Export)

6 Role of ADMA-OPCO Chief Executive Officer CEO Ali R. Al-Jarwan Production Business Unit Projects & Engg. Business Unit Drilling/ Support Business Unit Development Business Unit Admin. Services Business Unit Corporate Support Business Unit Senior Vice President (Production) Senior Vice President (Projects & Engineering) Senior Vice President (Drilling Support) Senior Vice President (Development) Senior Vice President (Admin. Services) Senior Vice President (Corporate Support) SVP-P SVP-PE SVP-DS SVP-D SVP-AS SVP-CS Abdul Aziz Al-Kiyoumi Ali Bin Hamoodah Ahmed Al-Suwaidi Ali Al-Muhairy Ali Al-Mazroui Mariam Al-Suwaidi

7 Introduction Oil Country Tubular Goods (OCTG) includes two types of tubes delivered in heat treated conditions either as Seamless or ERW. They are : 1. CASING: Seamless or ERW. 2. TUBING: Seamless. CASING is a Threaded & Coupled pipe used to line/ protect the drilled hole, which act as a structural retainer for the walls of a drilled hole supported by outer cement. TUBING is a Threaded & Coupled pipe through which the Oil or Gas is produced from the well bore as part of completion string.

8 Applications

9 OCTG Material & Thread Connection ADMA-OPCO deals with Casing, Tubing and Accessories. Types of OCTG Materials used are:- 1. Carbon Steel 2. 13% Chrome Steel 3. Corrosion Resistant Alloy (CRA) Type of Thread Connections used are:- 1. API Thread Connection 2. Premium Thread Connection (i.e VAM TOP, VAM ACE, JFEBEAR, TSH3SB etc)

10 OCTG Material Specification TUBING (CARBON STEEL) Short Description Grade Length 2 3/8,4.6 LB/FT L-80 Type ft 2 7/8, 6.4 LB/FT L-80 Type ft 3 ½, 9.2 LB/FT L-80 Type ft 4 ½, 12.6 LB/FT L-80 Type ft CONDUCTOR PIPE Short Description Grade Length 30,272 LB/FT B or X ft 30 ½,353 LB/FT B 40 ft

11 OCTG Material Specification (Contd.) CASING (CARBON STEEL) Short Description Grade Length 4 ½, 13.5 LB/FT Premium L-80 Type ft 7, 29 LB/FT Premium L-80 Type ft 9 5/8, 47 LB/FT Premium L-80 Type ft 9 5/8, 53.5 LB/FT Premium T-95 Type ft 10 ¾, 55.5 LB/FT Premium L-80 Type ft 10 ¾, 65.7 LB/FT Premium T-95 Type ft 13 3/8, 68 LB/FT (Buttress) J-55 / K ft 13 3/8, 68 LB/FT Premium L-80 Type ft 13 3/8, 72 LB/FT Premium T-95 Type ft 16, 84 LB/FT Premium L-80 Type ft 18 5/8, 87.5 LB/FT Premium/Buttress J-55 / K ft 20, 133 LB/FT Premium J-55 / K ft 26, 267 LB/FT Flush Connector X ft

12 OCTG Material Specification (Contd.) CORROSION RESITANT ALLOY (CRA) Short Description Grade Length 2 7/8,6.4 LB/FT, Premium Alloy (825 and 28) ft 3 ½, 9.2 LB/FT Premium Alloy (825 and 28) ft 4 ½, 12.6 LB/FT Premium Alloy (825 and 28) ft 5 1/2, 17 LB/FT Premium Alloy (825 and 28) ft 7,29 LB/FT Premium Alloy (825 and 28) ft ACCESSORIES Short Description (CASING) Coupling Casing Crossover Casing Marker Joint Casing Nipple Casing Pup Joint Casing Short Description (TUBING) Coupling Tubing Crossover Tubing Nipple Tubing Pup Joint Tubing

13 Joint Procurement Strategy Over recent years, ADNOC group of companies (ADCO, ZADCO & ADMA-OPCO) have decided to consolidate the OCTG Procurement activities The consolidation objective is to optimize the cost, increase efficiency of supply chain and reduce the stocks levels with adequate inventory control measures Some of the Major Initiatives to enable such strategy are : Standardization of Material Specifications, Quality Assurance/ Control Procedures Standardization of Procurement Strategies, Common Suppliers/ Manufacturers. Unification of standard terms and conditions etc. Unification of Pre-qualification Standards for new bidders

14 Business Outlook ADMA-OPCO production capacity is expected to increase by 30% to 40%, due to development of new wells and subsequently the OCTG requirement is also expected to increase. Prequalification of New Suppliers/ Manufacturers are defined as one of the Key Milestones to achieve. A feasibility study of Total Vendor Management System is ongoing, where the different scenarios of managing the supply chain can be optimized for performance improvement.

15 Value in US$ Million Current OCTG Status Total OCTG line items are 1150 Nos., which includes INVENTORY of 333 main items. Estimated Stock value is US$ Million Consumption of OCTG in 2008, 2009 & ADNOC SOLE RISK DRILLING MATERIAL ADMA DRILLING MATERIAL TOTAL

16 Challenges Internal Change of drilling requirement Market Unstable Material Prices Short Validity of Commercial offers Unclear bid submission Delayed response to Technical Clarifications Price Indexation

17 Challenges Industry Long Lead Time New Technology Legal Terms & Conditions

18 Thank you Abu Dhabi Marine Operating Company Abu Dhabi, UAE Website :