Presentation on GASCO 22 nd September

Transcription

1 Presentation on GASCO and Oil & Gas Developments in Abu Dhabi Italian National Association Industrial Plant (ANIMP) Annual Meeting 22 September 2010 Abdul Aziz Al Ameri, SVP Projects Presentation on GASCO 22 nd September

2 N Presentation on GASCO 22 nd September

3 Index 1. GASCO Member of ADNOC Group 2. GASCO Profile 3. ADNOC Group of Companies Investments / Commitments in next 5 years 4. Association with Italian EPC Contractors 5. Association with Italian Vendors 6. LSTK Policy for EPC Contracts and the Enhancements made 7. Our Expectation from Contractors & Vendors 8. Suggestions for Enhancing Business Opportunities Presentation on GASCO 22 nd September

4 ADNOC and its Group of Companies Presentation on GASCO 22 nd September

5 1. GASCO Member of ADNOC Group 1. 1 MISSION / SHAREHOLDERS Operating Company of ADNOC Group of Companies formed in1978 in charge of onshore gas processing and transportation operations in the Emirate of Abu Dhabi ( Joint Venture and ADNOC Sole Risk operations) 68% 15% 2% 15% Presentation on GASCO 22 nd September

6 GASCO (ADNOC Subsidiary) was formed in 1978 as a joint venture to process associated gas UAE Population doubles every 8 years compared to the world s similar growth every 55 years! Presentation on GASCO 22 nd September

7 We started in 1980 with one Plant and a processing capacity of just 1BSCF per day Presentation on GASCO 22 nd September

8 Today, we ve grown to operate five mega plants with processing capacity of 5 BSCF per day Associated & Non Associated Gas Presentation on GASCO 22 nd September

9 Presentation on GASCO 22 nd September

10 We produce Methane for Network Gas and injection Presentation on GASCO 22 nd September

11 We produce Ethane to feed neighboring petrochemical complex (Borouge) Presentation on GASCO 22 nd September

12 And export Liquefied Petroleum Gases (Propane, Butane and Paraffinic Naphtha) for energy generation 17 MTPA Presentation on GASCO 22 nd September

13 We extract and process Sulfur which is then mainly used in the Fertilizers & Chemical Industries 1.5 MTPA doubling to 3 MTPA Driving lower Emissions Presentation on GASCO 22 nd September

14 We produce condensate as a feedstock to neighboring refineries 300,000 BBl/D Presentation on GASCO 22 nd September

15 We re even setting up Compressed Natural Gas stations to provide cleaner energy for cars Presentation on GASCO 22 nd September

16 But this is just the beginning... Presentation on GASCO 22 nd September

17 To meet growing energy demand we are Executing New Oil & Gas Development Projects Increase in Onshore Oil production by 0.4 MMBPD - ADCO US$ 4.5 Billion Increase Offshore Gas Production by 800 MMSCFD ADMA OPCO US$ 1.0 Billion Increase Gas Processing Capacity by 2,000 MMSCFD - GASCO US$ 9.0 Billion Nitrogen Plant for injection in Condensate Reservoir replacing 600 MMSCFD gas - ELIXIER US$ 0.8 Billion Shah Sour Gas development Project For treating 1000 MMSCFD - ADGDC US$ 6 Billion Experimenting on pilot basis CO2 recovery and injection in to oil reservoirs and to go full fledge based on the outcome (FEED) Approx. US$ 0.2 Billion Presentation on GASCO 22 nd September

18 To support economic growth we are Executing value added Refining & Petrochemical Projects Grass root Refining expansion MMBPD - TAKREER US$ 9.5 Billion FERTILIZER expansion - FERTIL US$ 1.3 Billion Petrochemicals expansion - Bouroge approx. US$ 4.0 Billion Total > US$ 35 Billions Presentation on GASCO 22 nd September

19 4. Association with Italian EPC Contractors New Ruwais Refinery 1980 Ruwais Hydrocracker 1985 Revamp Umm Al Nar Refinery 1992 Asab 1 Gas / Condensate Separator 2001 Ruwais Condensate Splitter 2001 Habshan Maqta Taweelah Gas Pipelines 1995 Ruwais NGL Train 3 Plant 2009 Presentation on GASCO 22 nd September

20 4. Association with Italian EPC Contractors Borouge 1 PE Plant 2002 Borouge 2 PE & PO 2010 Habshan 5 PP 2013 Borouge 3 PE & PO 2014 Shah Gas Treatment 2013 / 14 Shah Gas Sulphur Production 2013 / 14 Shah Products Pipeline 2013 / 14 Presentation on GASCO 22 nd September

21 5. LSTK Policy for EPC Contracts and the Enhancement made 1. Compensating the unsuccessful Bidders. 2. Price Bids in multi Currencies converted to US $ on day of Award. 3. Full protection against De-pegging of UAE Dirham. 4. Price Bids validity 45 days. 5. No Retention Monies, no Retention Bonds. 6. Advance Payment Bank Guarantee valid for only one year. 7. Bank Guarantees from more than one Bank. 8. Relaxation in Maximum Aggregate Liability. 9. 5% of Agreement Price paid on commitments of identified Long Lead Items % of Agreement Price linked to achieving Milestones. 11. Correct invoice Paid in 30 days from submission. 12. Bonus for early Completion. 13. Minimal Liquidated Damages for delays. 14. Compensation of Change in Law after submission of Price Bids. 15. Deemed Acceptance in case Feedstock supply delayed. Presentation on GASCO 22 nd September

22 6. Our Expectation From EPC Contractors 1. Full Compliance to ADNOC HSE Code of Practices. 2. Project completion with Zero LTI. 3. Full Compliance to Design and Construction Specifications. 4. No compromise on quality. 5. Faultless Right First Time Start-up. 6. Trouble free operations after Hand Over. 7. Project Completion ahead or on schedule. 8. No claim oriented mentality. 9. High quality Handover Documentation. 10. Efficient response during warrantee period. Presentation on GASCO 22 nd September

23 7. Association with Italian Vendors Presentation on GASCO 22 nd September

24 8. Our Expectation From Vendors 1. Full compliance to specifications. 2. Providing on time and quality documentation. 3. Prior approval of main Sub-vendors. 4. Client involved in Source Inspection/no compromise on quality. 5. Honoring agreed delivery schedules. 6. Efficient Vendor support during Construction / Commissioning. 7. Providing all back-up details of Operating Spares on time. 8. Operating Spares reasonably priced. 9. Efficient after Sales Service. Presentation on GASCO 22 nd September

25 9. Suggestions for Enhancing Business Opportunities 1. Optimize costs to win FEED, EPC Contracts /Supply of equipment / materials. 2. Relaxed Terms and Conditions Reduce Risk and job pricing. 3. Value Improvement Ideas supported during bidding. 4. Maintain continuity of the key personnel throughout the project cycle. 5. Opening fully fledged Engineering offices in Abu Dhabi. 6. Continuously improve HSE Performance and. 7. On-Line Registration with GASCO. 8. Consider possibilities of manufacturing in UAE. 9. Efficient After Sales Service gives preference for prequalifying. 10. Fast response services during Warranty period and post commissioning. 11. Consider local stocking of fast moving Spares. 12. Consider Service Centre for Rotating Equipment and Valves in UAE. Presentation on GASCO 22 nd September

26 My sincere thanks to Italian National Association Industrial Plant (ANIMP) for the honor and the opportunity given to me to speak to you and convey our expectation. Presentation on GASCO 22 nd September

27 Presentation on GASCO 22 nd September