Presentation of SAMIR 20 March 2012 By Mr. Abdulrahman Al- Jusha ah Planning & Distribution Director
Strategic Positioning of SAMIR SAMIR Strategic Role: Provide continuous and permanent supply of all Petroleum Products for the Kingdom of Morocco Ensure strategic inventory Undertake all necessary investments to develop the refining industry and the logistic infrastructure for the supply in line with the guidance of sustainable development Contribute to Economic development and Human initiatives. 4 3 Oil 10 Coal Other Moroccan Global Energy Demand 2010 GDP 7% Consumption MTEP 16.1 Production MTEP 1.1 *Source: MEM Annual report 2010
Positioning in the Regional Economy SAMIR refinery is in top ten refineries of Europe in terms of technological progress. SAMIR is one of the most modernised refineries in Africa and oil-producing Arab countries, in term of technology for production of Gasoil 50ppm. SAMIR occupies the third rank in Africa as classified by Jeune Afrique, after Sonatrach (Algeria) and Sonangol (Angola).
Position within Coral Corporation Sheikh Mohammed Hussein Al Amoudi 100% Medroc Group of Companies (Cyprus) 100% Corral AB (Sweden) 67% 100% SAMIR Morocco capacity 10 million tons per year Sweden PREEM capacity 15 million tons per year
Group SAMIR - Morocco Engineering And Configuration LPG Transportation Logistics And Storage Refining Distribution ACAFE 100% Salam Gaz 50% TSPP 100% Mohammedia 100% SDCC 100% Pegasus Eng 34% Somas 38% AFRIC BITUM 50% Sidi Kacem (storage site) 100%
Crude Oil Supply Distributors National Market Business Model Refining Storage & Logistic Marketing & Sales Marine Export Trading Refining Market
Investment of 18.6 Billion Over 15 Years Phase 1 2002-1997 Phase 2 2005-2003 Phase 3 2006-2004 Phase 4 2009-2006 Phase 5 2012-2009 Completion of the privatisation process integration of refineries Mohammedia, Sidi Kacem Modernisation of management and governance Rehabilitation and modernisation of Mohammedia refinery after the floods that have defined the city of Mohammedia and the region in November 2002 Modernising the technology of control, guidance and safety Repair and restoration of tanks and modernise and develop the infrastructure facilities and logistics Modernisation project - Mohammedia refinery Expansion of refining capacity, 4 + million tons per year Double the capacity of asphalt production to 560 thousand tons per year 1.2 Billion DH 1.4 Billion DH 1 Billion DH 13 Billion DH 2 Billion DH SAMIR the first company in Morocco achieved as a result more than one billion DH in the year 2000 Refinery upgrade according to the European standards in the field of safety and early marketing of 350 ppm Increase the safety level of the process units Match the quality of products to the specifications of Euro4 Euro5 The first compound for refining in Africa and the Arab world Meet the growing demand on the subjects: industrial fuel oil and asphalt at the request of ministries commandment
Key Events 1959: Creation of "SAMIR" by Morocco and the Italian office of fuel ENI 1997: Privatisation of "SAMIR" and conversion of 67% of the capital to "Corral. 1999: Merge of SAMIR and SCP September 2005: Commencement of Mohammedia refinery modernisation November 2008: Commencement of Topping 4 project to increase refining capacity June 2009: Production of Gasoil 50 ppm March 2010: Operation of the Hydrocracker July 2011: Production of Bitumen from the new unit of 280 K tons per year June 2012: Expected commissioning of Topping 4 unit (raising the national Refining capacity to 10 million tons per year or 200 thousand barrels per day).
2010 Indicators Dirham Percentage % Turnover 37 billion Value-added 2.3 billion 6.2 EBITDA 2 billion 5.4 Inventory 7.3 billion 20 Investment 0.9 billion Total capital 4.7 billion Long-term debt 4.5 billion Short-term debt 9.8 billion Net result 836 million 2.26 Refining 6.5 million tons Sales in the national Market 6 million tons 75 Export 0.7 million tons
2010 Sales Global Sales Local sales 7000 6800 6600 6400 6200 6000 6 516 814 000 Tons 6 787 707 Export 000 Tons 5800 5600 5400 5200 5 702 6 080 Domestic Sales 5000 2009 2010
HSE Performances Health, Safety, Security & Environment Product Specifications 12 10 8 6 4 2 Frequency Rate Refinery Target Gas oil: Euro 4 and 5 Gasoline: Euro 3 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Emission Upgrade Unit Certifications 93 73 21 SO2 Emission Evolution Evolution SO2 - T/J Reduction - SO2% 68 63 56 39 43 32 27 53 50 46 ISO 9001 (2000); ISO 14001 (2004); ISO 17025 (2006); OHSAS 18001 (2007); NM 00.5.801 (2009); 2002 2006 2007 2008 2009 2010 2011
Current Configuration of SAMIR Refinery Composite / Unit Annual production capacity Hydro skimming refinery 10 million tons Hydrocracker Complex Hydro treatment plant Hydrocraking Lubes Complex Bitumen Complex Cogeneration Plant Reverse Osmosis Unit Sour water treatment unit Storage Capacity Pipeline 14 (Mohammedia / Sidi Kacem) Pipes: Production sites, Tank Farm and port 55 000 bbl /d 36 000 bbl/d 120 000 tons 560 000 tons 40 MW 2 million cubic meters 1 million cubic meters 2 million tons 1.5 million tons Multiple
Upgrade Project Key Contributors PMC/Feed: Foster Wheeler Detailed Engineering: Saipem Construction: Tekfen Cogen Contractor: Litwin Project Cost Engineering services: 149 M Procurement: 410 M Construction: 262 M Commissioning services: 37 M Owner cost: 41 M Total: 899 M Budget over run: 35% Technology Hydrocracker: Chevron Hydrotreater: UOP Hydrogen: KTI Sulfur: Parsons DCS: Yokogawa Commissioning Phase 1: All units except VDU & HCK June 2009 Phase 2: All Complex March 2010 Schedule deviation: 15 months Key Units VDU: 360m 3 /h HCK: 239 m 3 /h Distillate Hydrotreater: 364 m 3 /h Hydrogen production: 220 TPD Sulfur Recovery: 470 TPD Amine Regeneration: 382 m 3 /h Sour Water Stripper: 109 m3/h New Configuration
Post Upgrade Yields Before Upgrade After Upgrade 40% 3% 8% 5% LPG Gasoline Jet 27% 1% 7% 6% 8% 36% Gasoil Naphta Others 9% 50% 14
Bitumen Blowing Unit Key Contributor Technology Key Units EPC :Porners Biturox Licence Unit 16A - Bitumen Blowing: 800 TPD or 280 K tons /year Unit 84A - Bitumen Storage and Loading Project Cost Commissioning BBU Unit LSTK Contract : 21 M All units: July 2011
Crude Distillation Unit n 4 Project Key Contributors Detailed Engineering: Tecnicas & Reundas Technology Merichem: Key Units CDU 4: 4 million tons Construction: Tekfen Merox kerosene unit: 600 000 Tons Revamping of LPG units Project Cost Engineering services: 23 M Procurement: 63 M Construction: 44 M Commissioning services: 3M Owner cost: 7 M Total: 140 M Commissioning All units: June 2012 Products of Topping 4 Units LPG: 365 K tons /y Stabilised Naphtha: 617 K tons/y Kerosene : 600 K tons/ y Gasoil to Hydrotreater: 1 150 KT/Y Atmospheric Residue: 1 268 K T/Y
Management Information System SAMIR has strong Information technology accompanying the modernisation of the company: SAP : 10 modules PI : Plant Information system LIMS: Laboratory Management system Sigma fine 4 EDMS & Technical EDMS
Cost ink Gain in M$/y Operational Excellence SAMIR singed a Technical Services Agreement (TSA) with Beicip Franlab to help increase its profitability and technical excellence. The following Work Orders will be completed in the next 3 years: Technical assistance Maximum & optimal HC feedstock 3000 2500 TSA cost and potential gain (2012 budget prices) 300 250 Maximum jet fuel production 2000 200 Maximum LPG production H2 management Maximum diesel production Minimum Fuel oil Integration HC & lubes 1500 150 1000 100 500 50 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 Month Cost WO1 Cost WO 2 to 8 Cost all WO Gain WO 2 to 8
Future projects for SAMIR 1. Project to establish a company for distribution: waiting for the company's license from the Ministry of Energy, Mines and Water and the Environment since June 2011 2. Natural gas project: SAMIR is a strategic partner for the project as its natural gas consumption may range from 1 to 1.5 billion cubic meters. 3. Contributes to the establishment of the national network for the transfer of petroleum products through pipelines: Linking Mohammedia refinery with Mohammed V Airport. The project of building a regional third party storage Tensift Haouz Marrakech and Mohammedia refinery linked through a pipe.
Thank you for your attention www.samir.ma