Aker Asa Class A · OSL:AKER
Aker Asa Class A — Aker Oilfield Services — Investor Presentation (May 2008)
13 slides from Aker Asa Class A's investor presentation, May 8, 2008
Slide 1: Aker Oilfield Services - Aker ASA Q1 Presentation
+ Aker Oilfield Services Aker ASA Q1 Presentation May 8th 2008 part of Aker
Slide 2: In the last 12 months…
In the last 12 months… + the price of crude oil has more than doubled + the deepwater drilling rig rates have significantly increased + the “Peak Oil” scenario has received increased interest + Governments and national oil companies have put pressure on operators to increase oil recovery – also from
Slide 3: In the same period, we have…
In the same period, we have… + built a multi-skilled team with relevant experience + secured additional vessel capacity to respond to specific client opportunities + raised in excess of NOK 500 mill in equity from founding shareholders + been awarded an important contract in Brazil for our services
Slide 4: Urgent need for solutions and capacity for cost efficient subsea well interventions
There is an urgent need for solutions and capacity for cost efficient subsea well interventions Gap in recovery from Cash value per barrel Deepwater rig rates – subsea fields Development1) kUSD (dayrates) 700 Gap 30-40% 600 500 8X 400 300 200 100 0 Platform fields Subsea fields 2003 2007 '01 '02 '03
Slide 5: Demand for subsea well intervention services is significant from a fundamental perspective
The demand for subsea well intervention services is significant from a fundamental perspective + 5-600 new subsea wells to be commissioned each year for the next 10-15 years • Increased deepwater activities (e.g Tupi and Caricoa) FORECASTED DEMAND FOR LIGHT WELL INTERVENTION (LWI) SERVICES1) 16 000
Slide 6: Cost efficient services will lead to exponential increase in intervention frequency
Cost efficient services will lead to an exponential increase in intervention frequency [demand] PLATFORM 1 WELLS + Current light well intervention technology has clear limitations INTERVENTION FREQUENCY + Aker Oilfield offers conventional & well proven intervention (# / year) AKER services on OILFIE
Slide 7: Subsea well intervention requires careful integration of a broad set of skills
Subsea well intervention requires careful integration of a broad set of skills and competencies INTEGRATED APPROACH STRONGLY COMMITTED PARTNERS FULLY INTEGRATED • “One Team” approach in SERVICE OFFERING building a first class organisation • Seamlessly integrate all key business areas • In-house orga
Slide 8: The leading fleet of subsea well intervention units
The leading fleet of subsea well intervention units 2008 2009 2010 2011 #716 OSCV 03 (Charter) #705 OSCV 06L (Charter) #718 OSCV 06 WI (Owned) #719 OSCV 06 WI (Owned) NN 1 (Charter) NN 2 (Charter) = Construction phase = Confirmed engagement = Available = Under negotiation 8 | Aker Oilfield Services
Slide 9: Four main service segments from monohull platform
Four main service segments from monohull platform – a subsea life-of-field approach Aker Oilfield solution Subsea Well Intervention & Related Services Subsea • Installation, testing and maintenance of Intervention subsea & top section downhole equipment • Ultra deepwater capabilities • Ultra efficie
Slide 10: Petrobras subsea equipment support vessel will set a new standard
The Petrobras subsea equipment support vessel will set a new standard for efficient subsea field development + The Petrobras SESV will enable better utilisation of deepwater drilling units + Contract is based on 100% utilisation over 5+5 year period + The SESV has an ultra wide application area with
Slide 11: Completion & Well Service Unit can free up expensive rig time for clients
The Aker Oilfield Completion & Well Service Unit can free up expensive [and scarce] rig time for Clients + Largest purpose built well intervention units • 157 x 27 m • 7.000 t load @ 1 m above deck + Classed by DnV as “Monohull Well Intervention Unit” • MODU code compliance + Range of deepwater subs
Slide 12: Solid market fundamentals, leading role in defining a new service segment
+ Solid market fundamentals + Leading role in defining a new service segment + Strong execution capabilities based on solid track record TYPICAL DRILLSHIP RISERpart ARRANGEMENT of Aker
Slide 13: part of Aker
part of Aker
Aker Oilfield Services — Investor Presentation (May 2008) on 6ix