Samir Brikho, Chief Executive - Foster Wheeler · PDF fileGoM and Brazil Andy Sallis, Osvaldo Capmany 17:10 Summary Samir Brikho 17:30 Drinks Samir Brikho, Ian McHoul, Hisham Mahmoud

Oil & Gas investor event Samir Brikho, Chief Executive London, 30 October

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Important information

Certain statements in this presentation are forward looking statements.

By their nature, forward looking statements involve a number of risks,

uncertainties or assumptions that could cause actual results or events

to differ materially from those expressed or implied by the forward

looking statements. These risks, uncertainties or assumptions could

adversely affect the outcome and financial effects of the plans and

events described herein. Forward looking statements contained in this

presentation regarding past trends or activities should not be taken as

representation that such trends or activities will continue in the future.

You should not place undue reliance on forward looking statements,

which apply only as of the date of this presentation.

This presentation does not constitute or form part of any offer or

invitation to sell, or any solicitation of any offer to purchase any shares

in the Company, nor shall it or any part of it or the fact of its distribution

form the basis of, or be relied on in connection with, any contract or

commitment or investment decisions relating thereto, nor does it

constitute a recommendation regarding the shares of the Company.

Past performance cannot be relied upon as a guide to future

performance.

1

Oil & Gas investor event

Agenda

15:00 Supporting growth to 2015 and beyond Samir Brikho

Introduction to AMEC’s Oil & Gas position

15:25 Break out sessions

North Sea John Pearson and Alan Johnstone

MENA and Azerbaijan Alan McLean and Richard Rippon-Swaine

GoM and Brazil Andy Sallis, Osvaldo Capmany

17:10 Summary Samir Brikho

17:30 Drinks Samir Brikho, Ian McHoul, Hisham

Mahmoud, John Pearson, Simon Naylor

and oil & gas team

2

Serving four markets across three geographic regions

Samir Brikho

Chief Executive

Americas 57% of revenue*

Simon Naylor

Oil & Gas

Mining

Clean Energy

Environment &

Infrastructure

Europe 27% of revenue*

John Pearson

Growth Regions 16% of revenue*

Hisham Mahmoud

Supporting growth to 2015 and beyond

One AMEC approach

*Approximate, based on H1 2012. Full comparatives on new basis to be issued with FY results

3

Strategic customers managed consistently across regions and markets

Samir Brikho

Chief Executive

Growth Regions

Hisham Mahmoud

Americas

Simon Naylor

Europe

John Pearson

*Approximate, based on H1 2012. Full comparatives on new basis to be issued with FY results

Supporting growth to 2015 and beyond

One AMEC approach

• Client sponsor

• Relationship manager

• Client team

• Client sponsor


• Client team

• Client sponsor


• Client team

Market leads

4

• Client sponsor


• Client team

Strategic customer

teams, such as

Focusing on Oil & Gas - AMEC’s fourth core market

Position: Internationally recognised engineering capabilities

‒ Leading position in greenfield and brownfield (UKCS)

‒ Experience of delivering E/EPCM projects globally

‒ Growing portfolio of mega projects – predominantly upstream

‒ Presence in key markets: North Sea, GoM and Brazil, MENA, CIS,

Africa, Asia Pacific, Australasia

Revenues (FY 2011): £980 million

Customers: 90% IOC; 10% NOC and Independents

Recent key projects: Cygnus, Clair Ridge, Mad Dog, MWCC

30%

13%

AMEC’s four markets by revenue FY 2011

Position: Internationally recognised engineering capabilities

‒ Leader in mineable oil sands extraction

‒ Growing position in in-situ

‒ Complemented with environment and power services

Revenues (FY 2011): £425 million

Markets: Canadian oil sands – as well as coal seam methane (CSM), shale

Customers include: Imperial Oil, ExxonMobil, Shell, Syncrude, Suncor, CNRL

Recent key projects: Kearl (KID and KEP); Horizon, Albian Debottleneck

Oil & gas investor event

Introduction

Environment &

Infrastructure 16%

Clean Energy 26%

Mining 15%

Oil & Gas 43%

Unconventional Oil & Gas 13% revenue 2011

Conventional Oil & Gas 30% revenue 2011

5

Long-term rise in energy

demand

oil production million boe/d

Global oil supply

Source: IEA WEO 2011

0

20

40

60

80

100

1990 2000 2010 2020 2030

Crude oil – currently

producing

Natural gas liquids

Oil – yet to be

developed

Unconventional oil

Oil – yet to be

found

Oil & Gas – the market

Global drivers and trends

Source: Douglas Westwood, Arctic and deepwater trends, Steven

Kopits, June 2012, PFC

Shift towards more frontier and deep water developments

Resources increasingly

difficult to access

NOC control global

reserves

6

Source: PFC Energy, BP Statistical Review

2

Oil & Gas – AMEC’s position

Strong financial performance

CAGR: 10%

Track record of delivering growth

Oil & Gas

Revenue 2008-2011

Oil & Gas timeline

2012 Announced 50% stake in Kromav (Brazil),

collaboration agreements with Aibel (Norway), and

Samsung

2011 Acquired qedi (UK), Zektingroup (Aus)

Awarded major Greenfield projects in GoM and

North Sea: Clair Ridge, GDF Suez, Mad Dog,

MWCC

2010 Acquired 50% JV of S2V Consulting (subsea)

BP Global Onshore agreement

2008 Awarded EPCM for Kearl (KID & KEP) oil sands

project, Calgary

2008 BP Global Offshore agreement

2005 Acquisition of Paragon (Houston, US)

1997 Entered Azerbaijan market

1990 First work in Australia in JV with Clough

1974 UK ‘dash for oil’ and major infrastructure investment

1960 Worked on the world’s first oil sands mine

£m

7


Focused on customer relationships

Strengthening strategic customer

relationships

Existing customers

New customers

Customer driven approach to project

delivery

Technical excellence

Relationship driven

Consistent delivery

IOCs

Independents

Continue to strengthen customer base

NOCs

8

http://www.adgas.com/En/

http://www.adma-opco.com/en/home/index.aspx

http://www.qgc.com.au/

http://www.providenceresources.com/default.aspx

http://www.shell.co.uk/

Consulting &

Front End

Design &

Construct

Hook-Up &

Commission Operate Decommission

Scope of activity 1-2% of TIC EPCM = up to 12% of

TIC

3% of TIC n/a n/a

Front End Consultancy

Greenfield Projects

Brownfield

(E&C and Projects)

O&M Support

Duty Holder

Late life management

AMEC scope • Prefeasibility

studies

• Feasibility studies

• FEED

• Execution planning

• Technical

consulting

• EPC / EPCM

• Detailed design

• Project management

• Construction

management

• Construction

• Supply chain

management and

procurement

• Project controls

• Factory Acceptance

Test (FAT)

• Pressure testing

• Safety system check

• Equipment checks

• Plant and production

start-up assistance

• Mechanical completion

• System commissioning

• Retrofits and

upgrades

• Duty Holder

• Operations

optimisation

• Maintenance

strategies

• Operational

readiness reviews

• Operator training

• Project management

• Engineering

• Planning

• Technical support

• Structural analysis

Out of AMEC’s direct

scope

Fabrication Installation of facilities Well Services

Drilling

Dismantling, cleaning,

removal, well abandonment

Well positioned across a mix of activities


Recognised for technical excellence

9


Market leading contracts

Worldwide execution from regional hubs

G

AS

Centre of excellence

Regional Office

Greenfield

Brownfield

Asset Support

Key

G Ichthys, INPEX, Australia

Wheatstone, Chevron, Australia

Blacktip, ENI, Australia

Bayu Undan, ConocoPhillips, Malaysia

AS

G MWCC, Exxon Consortium

Mad Dog, BP G

P63, QUIP G G Kizomba Satellites, Exxon

Mafumeira Sul, Chevron G

Chirag, BP

EMCS, BP

G

B

Cygnus, GDF Suez

Clair Ridge, BP

Judy and Jasmine, ConocoPhillips

Armada, Everest, Lomond, BG

Talisman frame agreement

OneGas, Shell

G

B

Gulf of Mexico

Brazil

North Sea (UKCS, SNS, NNS)

Australasia

CIS

G

B

Angola

B

AS

AS

AS

ADGAS, UAE

ADMA OPCO, UAE

PMC, KOC

MENA

G

B

G Houston

Calgary

Luanda

Rio de Janeiro

Halifax

Aberdeen

London

Kuwait

Baku

Kuala

Lumpur

Perth

Oil & Gas project portfolio

B

10

OGX G

G Kearl Initial Development, Imperial Oil

Kearl Expansion Phase, Imperial Oil

Horizon Expansion, CNRL

Brownfield Engineering, Syncrude

Fluid Fine Tailings, Syncrude

G

B

Canadian Oil Sands

B

G

Continue differentiation based on technical excellence and customer

focus

Maintain diverse portfolio (of both work type and customers)

Broaden service offering, geographic footprint, and key customer portfolio

(including both IOCs and NOCs)

Continue to support world-wide project execution from regional hubs

Continue to offer consulting, engineering and PM services in the

downstream segment to Middle East, China, Australia and SE Asia

customers, but do not intend to own downstream technologies

Leading global provider of engineering and asset support services to the

upstream offshore market

Maintain leadership position in UKCS and Unconventional Oil

Grow (via organic and acquisition) in key areas (such as brownfield

engineering, in-situ oil sands, hook-up & commissioning)

Future

position

Oil & Gas - AMEC’s position

Strategy for growth

Strategy

Driving growth to 2015 and beyond

11


Growth to 2015 and beyond

12

Customer relationships and technical expertise

UK & Norway

Strength: Technical expertise: leading greenfield and brownfield

position served from London and Aberdeen hubs

Opportunity: transfer technical expertise regionally more

systematically/rapidly - including Norway

(John Pearson and Alan Johnstone)

GoM & Brazil Strength: Long-term customer relationships, serviced from

Houston globally (e.g. ExxonMobil, Chevron, BP)

Opportunity: expand relationships (with customers and

partners) in GoM and more globally

‒ JV: Kromav in Brazil

‒ JV: Samsung (GoM and globally)

(Simon Naylor, Andy Sallis, Osvaldo Capmany)

MENA Strength: Significant spend across

AMEC’s 4 markets; AMEC differentiated

by: lower risk business model, PMC role

and strength of customer relationships,

multi-market approach

Opportunity: market, service and

customer base expansion

Azerbaijan Strength: Business model: global technical

expertise executed locally for core

customer

Opportunity: expand business model in

CIS region and beyond

(Hisham Mahmoud, Alan McLean, Richard

Rippon-Swaine)

Key

Focus areas for today

Other AMEC O&G regions

UKCS and Norway

John Pearson

Alan Johnstone

MENA & Azerbaijan

Hisham Mahmoud

Alan McLean

Richard Rippon-Swaine

GoM and Brazil

Simon Naylor

Andy Sallis

Osvaldo Capmany

Oil & Gas investor event

Break out sessions (15:25 – 17:10)

13

13

Oil & Gas – North Sea John Pearson and Alan Johnstone

London, 30 October

1

North Sea market continues to be strong

*Since previous market update May 2011

a

May 2011 (what we said...) Changes (since May 2011)

Comment

North Sea to exceed historic CAPEX spend aa Norway also strong

30 new platforms*

16 operators*

Average 7-8,000 tonnes topsides*

OpEx will continue to grow at 5% p/a aa Volume and innovation

8-10 major brownfield modifications*

Upgrades / compression / accommodation*

40 potential tie-backs*

14 FPSOs

Customers increasingly diverse a New entrants growing

again

Tax impact aa Tax allowances helpful

Oil & Gas – North Sea

Market trends update

2


AMEC position - update

Strengthened competitive position

1Since previous market update May 2011

AMEC’s position1 Changes since May 2011

Customer base continues to strengthen and diversify a 5 major new customers since 2011

8+ new long term contract awards in North Sea a

Upgraded our recruitment capability a Hired 3,000+ people

Extended geographic footprint a Collaboration agreement with Aibel for Norway

Returned to the floating production market

a


Market leading contracts

3

Differentiated through technical capability

Customer New contracts 2011-2012 Type

BP Clair Ridge: Engineering and project management

services (EPMS) for main platform design

Greenfield

GDF Suez Cygnus gas field: detailed design contract Greenfield

EnQuest Engineering and procurement for the Alma and Galia

fields

Brownfield

Talisman Energy Brownfield engineering, procurement construction and

commissioning frame contract

Brownfield

ConocoPhillips Britannia platform upgrades – design and execution Brownfield

Taqa Brownfield engineering, procurement construction and

commissioning frame contract

Brownfield


Growth to 2015 and beyond

4

CIS

MENA

Australia

North Sea acts as one of AMEC‟s hubs for global growth

UK

North Sea

Maintain leadership position in North Sea

Step change in support to international business

Use market and customer teams to target North Sea skills to best global

growth markets

Future

position

Continue differentiation based on technical excellence and customer

focus

Maintain diverse portfolio (of both work type and customers)

Continue to support smaller operators as they grow

Accelerate world-wide project execution from London and Aberdeen

hubs for attractive global opportunities

Strong growth expected in Norway

Strategy


Strategy for growth

5

North Sea market remains strong for the foreseeable future

We now have a position in Norway via our collaboration with Aibel

Our North Sea skills are exportable to global markets

Market

Major projects involve enormous complexity

The quality of the project is vital – often a 25 year+ investment

Project quality is (to a large degree) dependant on the chosen contractor

The work process is a technology in itself

Brownfield projects have another dimension – a “live patient”

Technical

Technical excellence = strong competitive position


Greenfield and brownfield expertise

6


Greenfield definition

Services on new upstream and downstream oil & gas projects include:

Studies, front end and detailed engineering

Sometimes procurement, project management and construction management

Market characteristics

Growing market; increasingly challenging locations

Increasingly complex (on and offshore) – no easy oil

Global sourcing using centres of excellence

Customer drivers

Safety and integrity in a complex environment

Certainty of production start up, i.e. volume of liquids

by certain time

The „uptime‟ of the asset over its life

CAPEX-OPEX trade offs; invest for lower operating

costs

Long term investment – 30+ year design life

Increasing reliance on the supply chain

Size and complexity:

Clair Ridge compared to London Eye

7

Oil & Gas – North Sea greenfield projects

GDF Suez

Supporting a new entrant with ambitious growth plans

* Million barrels of oil equivalent

Cygnus

Project overview

UK North Sea‟s largest gas discovery in the last 25 years, and the 6th largest gas

field in the Southern North Sea (SNS). Reserves of around 110 mboe

First gas is expected in late 2015; will supply approx 1.5m UK homes at peak

production, which is 5% of UK‟s production by 2016

2 drilling centres, 4 platforms and initially 10 development wells

AMEC is involved in all platforms

Customer drivers

First North Sea operation for GDF Suez. Fit for purpose design. Maximise uptime

AMEC scope and services

AMEC has executed FEED for all jackets and is executing detailed design for all

topsides

FEED (£50m,150 people at peak)

Detailed design (£60m, 350 people at peak)

Highlights New customer – with a growing portfolio

8

Clair Ridge (Part of BP Global Agreement)

Project overview

Clair Ridge is second phase of the giant Clair oil field

75km west of Shetland Islands: deepwater (140m) harsh environment

Two new bridge-linked platforms. Total capex value: £4.5bn. 55k tonnes topsides,

(34k drilling/process (DP) and 18k quarters/utilities (QU)) 36 well slots; 160 beds

Target for first oil Q2 2016. Oil:120k bpd; gas: 120m SCFD, 40-year production life.

Capacity to produce an estimated 640m barrels

Customer drivers

Designed for 40 yrs of production; inherently safe design

Maximise recoverable reserves: deploy LoSal enhanced oil recovery technology

Reduce environmental impact: platforms have dual-fuel power generators, using

waste heat recovery technology; vapour recovery to capture and recycle low

pressure gas for fuel or exporting to shore

AMEC scope and services E & PM services for detail design, site support, procurement, supply chain,

materials management and information management activities of:

‾ DP platform (3 deck modules: DPEM, DPWM & CM)

‾ QU platform (integrated deck, power generation module & long quarter); design

of bridge link between QU & DP platforms & flare boom

Highlights Inherently safe design; 40 yr life; designed for harsh N Atlantic environment


BP

Complex engineering – deep water, harsh environment

9

Oil & Gas – North Sea, brownfield Alan Johnstone

London, 30 October

Engineering and construction (E&C) term contract

Project overview

The assets include: Armada, North Everest and Lomond platforms.

‒ Implementation of subsea tie backs from the Gaupe and NorthWest

Seymour wells to the Armada platform hub

‒ A new subsea tie back to the North Everest platform hub

‒ A feasibility study for the continued development of the Armada

platform as a processing hub

‒ New Additional Living Quarters (ALQs) on the North Everest platform

Customer drivers

A wide range of assets – adding further complexity to interfaces

Effectively managing the resources across the portfolio

Managing the production across the portfolio


Provision of engineering, procurement, construction, commissioning and

project management for all of the BG Group facilities

Highlights

Significant safety performance

On going brownfield project portfolio

Oil & Gas – North Sea brownfield projects

BG Group

Balanced portfolio of E&C term contracts and projects

11

Britannia Long Term Compression

Project overview

Britannia platform provides 10% of UK gas

Live platform – production sensitive

Existing facilities have no available space

Economical viability

Customer drivers

Limited space offshore

Reservoir depleting

Safety

Shutdowns


Module and structure Concept, Detail Design and Analysis

Brownfield modifications

Offshore construction

Project services

Highlights

Innovative engineering solution – industry first

Cross utilisation of AMEC Nuclear engineering knowledge

Innovative design – industry first project


ConocoPhillips

12

FPSO modifications

Project overview

Existing FPSO – to be modified

Fast track project conditions

Vessel in dry dock

Customer drivers

Re use of an existing FPSO vessel

Production: availability and predictability

Integration of new facilities onto existing facilities


Engineering design of the topside modifications

Procurement activities

Project management services

Highlights

Fast Track

Parallel design, fabrication and construction


EnQuest Producer

FPSO growing market in the North Sea

13

Oil & Gas – North Sea Appendix

London, 30 October

AMEC is a pioneer in the project management, engineering, construction, integration, hook-up and

commissioning and asset support of large complex topsides, with a track record spanning over 30 years

Shell: Shearwater

(EPIC Alliance) INPEX: Ichthys Pre-FEED & FEED

SEIC: Sakhalin II (FEED & DD)

Saudi Aramco: Berri Gas

Plant (EPC)

Shell: Bonga

(EPIC alliance)

Appendix – North Sea

Timeline: major greenfield projects

BP: Clair Ridge Pre-FEED & FEED, DD

Pioneer in engineering, PM and asset support of large, complex topsides

2012

GDF Suez: Cygnus Pre-FEED & FEED

2002

2008

2008

2012

2001

2011

2002

1997

15

Oil & Gas – greenfield projects

SEIC

FEED, EP work + Arctic environment

Sakhalin II

Project overview

Sakhalin II project comprises two fields Piltun-Astokhskoye and Lunskoye, that contain

in place reserves of approximately 140 million tonnes (1 billion barrels) oil and 550

billion cubic meters (20 trillion cubic feet) natural gas. The oil reserves equate to more

than one year of crude oil exports from Russia at the current level of around 2.5 million

barrels per day. The gas reserves represent nearly five years of Russian gas exports

to Europe, or enough to supply current global LNG demand for four years

Customer drivers

At $10 billion, the largest single foreign investment project in Russia. Sakhalin is

also the first oil and gas project in Russia to be developed under a Production

Sharing Agreement (PSA), the first offshore development in Russia and the first

LNG project in Russia.


AMEC‟s scope, following on from FEED, comprised of Detailed Design,

Procurement and Construction/HUC Support for topsides of Lunskoye A & Piltun B

offshore Sakhalin Island

Highlights Harsh climate experience (remote areas, extreme temperatures, ecologically

sensitive areas)

Technical challenges included extreme climatic conditions in an area prone to

earthquakes, high wave conditions, pack ice, temperatures down to –36ºC and fog

16


Shell

A total of 16 topsides facilities weighing 23,000t + Nigeria

Bonga FPSO

Project overview

Shell‟s Bonga Field development, offshore Nigeria, is a floating production, storage

and off loading (FPSO) system

Customer drivers

The facilities also have the capacity to produce 170 million standard cubic feet (4.5

million cubic metres) of gas per day

At 300,000 DWT and with a storage capacity of 2 million barrels of crude oil, it is one

of the largest in the world


AMEC‟s scope of work for the CAPEX phase covered project management,

engineering, procurement, hull tow, fabrication installation/integration, pre-

commissioning and commissioning assistance offshore Nigeria. AMEC also had

the contract for the first two years of Asset Support for the OPEX phase

AMEC ran three design offices, five fabrication yards, three marine centres and

over 120 vendor locations. The design offices were in London, Lagos and

Wallsend, while fabrication took place at Wallsend, Warri, Hartlepool, Zwijndrecht

and Dubai

Highlights Design risk associated with the extent of hull flexing for this size FPSO

Lifting and logistics challenges with a vessel of this size

17


INPEX

Post Pre-FEED, FEED + Australia

Ichthys

Project overview

The Ichthys Gas Field is approximately 40km by 20km and consists of two

reservoirs called the Brewster Member and the Plover Formation .The main

reservoir is the Brewster Member and can be broadly divided into two sections,

the upper and lower sandstone. The Brewster Member reservoir has a carbon

dioxide (CO2) content of 8.45mol% and the Plover Formation reservoir has a CO2

content of 17.0mol%

Customer drivers

INPEX Browse's CO2 management strategy is to vent this CO2 onshore and

offset the impact on the environment by bio-sequestration


AMEC executed the Post pre FEED contract to assess pre FEED work

completed by third parties and continued into FEED execution for the Ichthys gas

field development project

AMEC has provided overall project management services for the FEED scope of

work including managing all interfaces with subcontractors Aker Solutions and JP

Kenny and other 3rd party suppliers

Highlights

INPEX Browse was a new customer to AMEC

18


Shell/Esso

Shearwater

Project overview

Shearwater is a gas/condensate development located in the central North Sea and is

characterised by its HP/HT reservoir conditions. The field has been developed on a two

platform basis consisting of a large PUQ (process, utilities quarters) platform with an

integrated deck weighing 11,700 tonnes (max dry weight) supported by a conventional

four legged steel jacket bridge linked to an unmanned 2,500 tonnes wellhead platform.

The wellhead facilities were designed for full fluid transfer with all processing being

performed on the PUQ platform

Customer drivers All minimum conditions of satisfaction met and exceeded

All schedule targets met and associated incentives paid


Shearwater was developed on an alliance basis by the Shearwater Development

Alliance of Shell Expro / AMEC / Heerema (SDA) with an integrated management team

and aligned goals. SDA was responsible for the pre conceptual field development,

design, engineering, procurement, fabrication, load out, transportation, installation,

hook-up and commissioning followed by of initial operation of the total scope of work.

Shell also awarded AMEC the ISC (integrated services contract) for the first two years

of field life

Highlights

World record offshore crane single lift of 11,686 tonne for the PUQ integrated deck

19

20


Brownfield definition

Same services as greenfield – but packaged for

existing assets

Studies, front end and detailed engineering

Sometimes procurement, project management and

construction management

Market characteristics

Growing business – applicable to all maturing locations

Used to be linked to O&M – now treated separately

Regional Centres of excellence

Value based and KPI driven

Customer drivers

Minimum impact upon existing assets / existing

production

Good cash conversion (new fields / changing reservoir

characteristics)

Hub approach to an asset (rather than reservoir)

Regulatory involvement and aging assets

21

Jasmine facility

Project overview

Jasmine development, located approx 5.5 miles west of existing Judy production facility,

will comprise:

Jasmine wellhead platform (WHP), accommodation, utility platform bridge-linked to

WHP

Judy riser and separation platform (JRP) with additional Judy well slots bridge-linked

to the existing Judy platform

Jasmine will use existing processing capacity on Judy platform – extending the life of

the asset

Jasmine is complex - with a high pressure, high temperature (HP/HT) gas-condensate

reservoir

Customer drivers

COP‟s biggest development globally; minimum impact to existing production;

integration of new facility to mature asset (control systems, process etc)

Judy production is 11m bbls liquids and 74m cubic feet gas


Contract includes brownfield detailed engineering and procurement for existing Judy

platform and the hook-up and commissioning of the new Jasmine facilities

Highlights

Brownfield project modifications on schedule

Complex large brownfield modifications - integration

Appendix – North Sea brownfield

ConocoPhillips

http://www.offshore-technology.com/projects/jasminefieldnorthsea/

Alder Module

Project overview

Sub sea tie back to Britannia Platform

Limited space offshore for the module and offshore accommodation

Customer drivers

Develop existing facility as a hub platform

Minimum impact to existing production

Integrating new facility to mature asset (control systems, process etc)

Safety


Engineering of new 1,000 tonne module

Offshore construction works including Hook Up while facilities produce

100+ engineers and construction staff

Procurement and project management

Highlights

Deployment of intelligent engineering systems – industry first on

brownfield

Technically innovative solution to attach the new module

Differentiated by fully integrated greenfield and brownfield capability


ConocoPhillips

22


Norway market overview

Market

Recent Norwegian discoveries have driven growth

in North Sea reserves

Johan Sverdrup (1.7 - 3.3bn boe)

Skeugard/Havis (400 - 600 mmboe)

Opening of frontier areas for exploration

Key Players

Statoil is the largest operator

A number of large IOCs are also present (Exxon,

ConocoPhillips, Shell, BP, Total)

Aker Solutions and Aibel are the market leaders for

O&G services

Opportunity

AMEC Aibel collaboration agreement

Greenfield and brownfield projects

AMEC engineering knowledge

Aibel acces to market, fabrication and hookup

23

Oil & Gas – GoM and Brazil Andy Sallis and Osvaldo Capmany London, 30 October

2

Houston overview

Major execution hub for the global oil & gas industry

Headquarters for large operators’ project execution organisations: ExxonMobil, Chevron, BP

Centre of excellence for offshore engineering and project management resources

Oil & Gas – GoM and Brazil

Market overview and outlook

Houston based customers – global markets

Houston outlook

Gulf of Mexico (GoM)

‒ Strong growth in spending on wide range of projects (brownfield and greenfield floating

production) primarily driven by deepwater exploration and production (E&P)

Execution centre for global projects and operations, e.g. Angola

Brazil and Latin America outlook

Strong outlook in floating production market and brownfield upgrade programmes

29% of global forecasted installations between 2013-2017 will be in Latin America

3

Strong Houston position, with local engineering in Brazil and other

locations

Leader in complex oil and gas projects, greenfield and brownfield

Differentiated by safety leadership, technical expertise, high quality

and predictable delivery

Market

Position

Size: Approx 1,000 people - 800 Houston, 200 Brazil

Services: Consultancy, engineering, procurement, project

management and construction management

Segment: Deepwater offshore, upstream onshore, midstream and

transport market segments

Clients: Strong relations with major IOCs, NOCs, EPC

customers, mid-tier, and US independents - operating in

US GoM, Brazil, Latin America and other locations

Profile


AMEC’s position

Customer focused delivery – challenging projects

4

Industry critical project

Oil & Gas – GoM projects

ExxonMobil

Marine Well Containment System (MWCS) (Consortium led by ExxonMobil)

Project overview

Designed to enhance containment response capability to a well control

incident in the GoM

Contain and capture hydrocarbons from a subsea well blowout

Design is adaptable for use on a wide range of well connection scenarios,

weather conditions and deepwater in the range of 500 ft to 10,000 ft


Engineering design of permanent utility ship modifications (built by others)

Engineering, procurement of temporary MSFs (module support frames)

Turret, offloading and hawser supply (sub-contract to Bluewater)

Fabrication and integration yard (sub-contract to Dynamic Industries,

managed by AMEC)

Project management of the integration, testing and completion of the two

MWCS capture vessels

Completion and commissioning management system (AMEC qedi)

Provision of deployment and operations manuals, and supporting training

modules (AMEC Vancouver support)

5

Supporting BP – assured delivery and predictability

Project: Mad Dog II – “Big Dog”

Project overview

Main platform will be the largest new floating production system to be

installed in the Gulf of Mexico

Includes a spar floating system with infield flow lines and associated

subsea infrastructure to connect the subsea production and injection

wells

Development concept includes a total of 33 wet wells: 19 production,14

injection

Culmination of 3 previous projects – largest topside spa


Engineering and project management services for topsides

Concept development and option selection (complete)

FEED, early procurement services (RFQ’s) (ongoing)

Detail design, procurement and PM Services (next phase)

Highlights

4-year relationship supporting BP’s GoM Deepwater Programme

Advanced use of Inherently Safe Design philosophy

High level of early definition for assured delivery and predictability


BP

See appendix for further details

6


ExxonMobil

Complex project execution - business critical

Kizomba projects

AMEC’s history of working on ExxonMobil’s Kizomba projects

New build Kizomba A Project (2001)

Subsequent new build Kizomba B Project (2003)

Kizomba A Marimba: subcontractor to Fluor (E&P Prime)

Gas gathering: modifications for gas export line to Angola LNG

Satellites Phase I*: modifications for new reservoir tie backs

Satellites Phase II FEED: current scope

Typical scope and services

Engineering and project management services including:

‒ Concept, FEED, detail design and follow on engineering

‒ International procurement and SCM into Angola

Highlights

11-year relationship supporting the Kizomba developments

Re-engineered design to enable execution with no shut down

interruptions to +500,000 bbd production

2,000 tonnes of new facilities on each vessel

First Angola brownfield project on schedule and under budget

*Phase 1 was ExxonMobil’s largest offshore brownfield project ever

7

5-year relationship with KROMAV

Common client: QUIP (P63 FPSO)

Kromav: offshore marine design engineer

Ship hull design

FPSO marine systems, e.g. power modules

Strong reputation and relationships

AMEC KROMAV

Extended capability for full topsides facilities

Project management of complex projects

Good reputation and common relationships

Oil & Gas – Brazil

AMEC and Kromav

8

Oil & Gas – Brazil projects

QUIP

P63 FPSO: Papa Terra field development

Project overview

QUIP awarded EPCI/BOT contract

AMEC was strategic partner with QUIP during bid

AMEC concept work helped win the project

$800m CAPEX lower than Petrobras benchmark

Typical scope and services

FPSO concept, basic design and detail design

‒ AMEC subcontract for basic engineering of all topsides

‒ AMEC subcontract for detail design of 4 process modules

‒ KROMAV subcontract for detail design of power generation

modules

Highlights

First build operate transfer (BOT) contract by Petrobras

GoM standards and specifications by AMEC

Fit for purpose design to assure 93% availability for production

Maintained design integrity and EPC execution budget

High profile project – high quality reputation

9

Industry leading engineering and project management service provider

Houston hub with local operations in select countries

Balanced portfolio of challenging projects

Broad spectrum of customers and partnerships

Future

Position

Maintain pull-through on project opportunities and programmes

Concept → FEED → EPCM → Project 1, 2, 3…..

Long term strategic relationships and contracts

BP Global Agreement, ExxonMobil (Global Engineering Service Contract)

AMEC Samsung Oil and Gas LLC for engineering services on global projects

MoUs and partners on select projects

Supporting our customers in growth frontier markets from Houston

Local engineering including fully integrated capability in Brazil

Strategy

High-value business in high-volume global markets


Strategy for growth

Oil & Gas – GOM and Brazil Appendix London, 30 October

11

Appendix – GOM and Brazil

Project history

Mardi Gras

2000

Kizomba A & B

Akçakoca

Golden Pass Kizomba Satellites

Tubular Bells

TGPP

P63 Mad Dog/Big Dog

MWCS

2005 2008 - ongoing 2010 - ongoing 2009

12

Mad Dog Phase 2


Project overview: Mad Dog Phase II

Deepwater greenfield development - additional reserves (south and west)

within the existing Mad Dog field

Located in Green Canyon region ~200 miles south of New Orleans

Partnership: BP - 60.5%, BHP Billiton - 23.9%, Chevron - 15.6%

West field was discovered in 2008, South field was discovered in 2009

Ultra deep reservoirs – depth ranges > 21,000 feet

Water depth (ft) - 4,500 to 5,200 for host facility to >7,000 for flowlines

Fields are approximately 6 to 10 miles from BP’s existing Mad Dog facility

Close to existing export infrastructure

5 teams working the development

Hull and mooring, drilling, subsea,

Topsides and well systems

Current scope is for advancement of

a single concept case

13

Topsides weight ~ 25,000 ST (dry), 34,000 ST (operating)

Hull – 142’ diameter, ~ 630 – 650’ long (closed CW)

130,000 BOPD

75,000 BWPD PW

280,000 BWIPD @ 8,000 PSI

19 Production & 14 WI wells

Modular – all electric design

Topsides OOM TIC > $1 billion

GoM fabrication

High % domestic purchase items

SCM equip and material

$400 MM US tagged

SCM responsibility

Extends to site materials mgmt


Project overview: Mad Dog Phase II (cont)

14

Two VLCC-based FPSOs: Kizomba “A” and “B”

Production capacities: 250,000 BPD oil

Storage capacities: 2.2 million barrels

Scopes executed by AMEC/Fluor Daniel JV:

Project management and interface management

FEED for Kizomba “B” to optimize design,

incorporating lessons learned from Kizomba “A”

Detailed topsides design

Procurement support

Completion and commissioning documentation

and procedures

Commissioning management for Kizomba “A”

Operations and maintenance documentation

and training

Appendix - GOM and Brazil

Project overview: New-build Kizomba - FPSO

15

Kizomba Satellites: phase 2 pre-FEED and FEED

Kizomba Satellites: phase 1 pre-FEED, FEED, detailed design and procurement

services for Kizomba “A” and “B” topsides modifications to handle subsea tiebacks from

additional fields

Angola Block 15 Gas Gathering: pre-FEED, FEED, detailed engineering and

procurement for Kizomba “A” and “B” topsides modifications to enable gas gathering

and export to an LNG plant

Marimba North subsea tieback (AMEC/Fluor Daniel): pre-FEED, FEED, detailed

design and procurement support for topsides modifications to Kizomba “A”


Project: Kizomba A & B modifications - FPSO

16

AMEC responsible for all topsides engineering design and procurement

Cost reimbursable basis with multiplier as agreed in our continuing engineering

services agreement with ExxonMobil DC

Task force approach: personnel rolled from basic engineering to detailed design

assuring continuity of knowledge base

Additional follow on engineering and procurement works are still ongoing

Project specific plans and procedures were developed in accordance with Exxon

coordination procedures and AMEC corporate guidelines. i.e. GA similar


Project: Kizomba Satellites – project execution

17

30 years of experience in Houston as a leading engineering and project

management services company

Strong values base; flexible and customer-focused execution process

An industry leader in upstream offshore and onshore projects, greenfield and

brownfield

Global portfolio of projects

Integrated project management and engineering delivery systems,

accessible globally via the internet – the AMEC Way

The AMEC window for Houston-based oil and gas customers


Houston overview

Oil & Gas – MENA and Azerbaijan Alan McLean and Richard Rippon-Swaine London, 30 October

2

Oil & Gas - MENA

The market

Substantial investment in energy-based projects over next 5 years

Growing affluence of population combined with expansion of state

provided services

Re-building effort in conflict affected countries

Gas increasingly important to meet internal growth

Oil and gas important to fund infrastructure expansion with

growing investment also in alternative energy, power and water

Opportunities differ by country (commodity, maturity, need for

refurbishment etc)

Surplus revenues being generated for sovereign wealth funds for

investment purposes

Areas of highest activity: upstream, refining and gas processing

Kuwait and Saudi potentially the largest markets for AMEC

Need for local content continues

Requirements differ country-to-country

Libya Saudi Arabia

Yemen

Oman

UAE Qatar

Iraq

Egypt

Jordan

Kuwait

Syria

2

3

Oil & Gas - MENA

The market - regional drivers and trends

3

Libya Drive to regain

pre-conflict

production

levels

Saudi Arabia Petrochemicals drive

volumes – refinery

conversions and speciality

chemicals projects

Yemen

Oman Focus on tight gas

production and asset

support

CAPEX forecast to 2015

$8.3bn (excluding Khazzan)

UAE Investment in

offshore will

increase O&G

production

CAPEX forecast to

2015 $50bn

Qatar Moratorium on North field

not due to lift till 2015

Limited LNG & GTL

CAPEX activity


$15-$20bn

Iraq Market looking to

Iraq opportunity

2012+

Egypt

Kuwait Refining largest projects –

depending on 4th refinery

and clean fuel projects


$90bn ($38bn upstream;

$36bn downstream)

Syria

Opportunities differ by country* - $300bn CAPEX in total *See appendix for opportunity by country and customer

4

Countries Iraq, Kuwait, Libya, Qatar, Saudi Arabia, UAE

(operating in region for 30+ years)

People Approximately 1,000 people

Clients Key IOCs/NOCs and others

Markets Oil & gas, mining, clean energy, environmental & infrastructure

Services Typically act as ‘owner’s engineer’

Value-based, life of asset services

Oil & Gas - MENA

AMEC’s position

Long history and track record – platform for growth

4

Profile

Market

position

Top 3 provider in consultancy, project management consultancy and FEED

services in core countries

See appendix for further details on position and opportunity by country

5

Transitioning from oil & gas dominated business to multi-market

Incremental

growth

Oil & Gas - MENA

AMEC’s business model and core services

Project management

consultancy (PMC)

Engineering services

In-region FEED

capability

Out of region multi-

market expertise

Kuwait and UAE

Integrated services

Across oil & gas,

mining, clean energy,

environment &

infrastructure markets

Organic and focused

acquisition

Qatar

Asset support

Saudi and Iraq

Asset development

NOCs and IOCs

Across region

Existing

foundation

Incremental

growth Expanding

position

5

6

Oil & Gas - MENA

Strategy for growth

Middle East is key to Vision 2015

Grow organically and via focused acquisition

Key areas: Iraq, Libya, Qatar, Kuwait, Saudi Arabia, UAE

Multi-market approach

Full suite of integrated services

Focus on project management services and engineering

Specialist engineering

PMC services

Select lump sum engineering

Geographic focus supporting multi-market growth

6

7

Oil & Gas - MENA

ZADCO1

7

Customer focused delivery – on schedule and budget

1. Part of ADNOC group

Upper Zakum 750 – PMC contract

Project overview Zakum 4th largest oil field in the world - Upper Zakum covers 1,200 km2 of Gulf

(c$20bl)

Increase offshore capacity from 500k to 750k bbl/day by 2015 - sustain until 2025

Replacement of 60km subsea oil pipeline; reclamation of 4 artificial islands in

shallow water to provide drilling pads and production facilities, asset modifications

Development of the east and west areas of the field

Expansion of onshore/offshore gas treatment facilities

AMEC’s scope as PMC contractor Largest oil-related PMC contract ever awarded by ZADCO

In year 5 of PMC contract (currently c. $100m worth of work)

Engineering, technical consultancy, project management (PM) services

Concept stage through FEED, design, construction management (CM) and

commissioning on the multi-billion dollar Upper Zakum full field development

programme

Approx 120 AMEC employees on the project, expected to grow to 200+ people

AMEC adding value Excellent HSE performance

Long-term view of quality and integrity from day one

Running to schedule and budget

Assets will deliver to customer objective of production capacity uptime > 94%

Robust resourcing strategy in place: right people/ right place

Provide development opportunities for UAE nationals to build PM skills

8 8

Oil & Gas - MENA Kuwait Oil Company (KOC)

Customer focused delivery – excellent HSE performance

PMC Contract

Project overview KOC is seeking to increase national oil production by 100% by 2020, following

destruction caused during the Iraq war

AMEC’s scope as PMC contractor Integral part of the KOC capital project organisation in Kuwait since 2004

Consultancy services in PM, FEED, contract and CM

Portfolio of ‘managed contracts’ includes 12 capital projects (total value $6bn)

Brownfield upgrades to over 30 facilities in North and South Kuwait, as well as

existing gathering centres and booster stations

AMEC adding value

Excellent HSE performance – project team for Gathering Centre (GC24) awarded

Safety Winners Program by KOC for implementing AMEC Safety Standards

85 million managed contractor man hours without a LTI* achieved by innovative

and rigorous HSE management and supervision

GC24 (value $750m) in North Kuwait, project completed 6 months ahead of

schedule

Managing over 17,000 contractor, sub-contractor and vendor personnel

Long-term view of quality and integrity from day one

Running to schedule and budget

Tapping into AMEC’s specialist capabilities: PI, qedi, S2V

Work sharing: FEED done out of Kuwait and London

Provide development opportunities for Kuwait Nationals to build PM skills

Contract extension through to 2013

9

Oil & Gas - Azerbaijan

The market

Opportunity for greenfield and brownfield activities

1) source: SOCAR website as at 29 Oct 2012, 2) See appendix 3) trillion cubic feet, 4) Project Sharing Agreement 5) Joint operating company: Azerbaijan International

Operating Company – source Wood MacKenzie , BP Sustainability report for 2011

AIOC5

BP (34.15%) operator

Chevron (11.3%)

Inpex (11%)

SOCAR (13.24%)

Statoil (8.6%)

Exxon (8.0%)

TPAO (6.8%)

Itochu (4.3%)

Hess (2.7%)

Market size1

Oil production: 46 million tonnes2 (approx 300-350 mbpy)

Gas production: 909 TCF3

2 major fields

Azeri-Chirag-Deepwater Gunashli (ACG) oil field

Shah Deniz (SD) gas and condensate field

– BP-led Shah Deniz-2 field expected to be the major natural-gas supplier to the

Southern Corridor Gas Pipeline project

– Future opportunities: Absheron, Shafag-Asiman, Nakhichevan PSA4

Pipelines and infrastructure

Oil and gas exported to Europe

– Three export pipelines: Baku-Tbilisi- Ceyhan (oil), South Caucasus Pipeline (gas)

and Western Route Export Pipeline (oil)

Key players

Oil companies: International Oil Companies (IOCs) work through production

sharing agreements (PSA) and JVs with SOCAR (National Oil Company)

Engineering: KBR (greenfield engineering), McDermott (fabrication)

9

10

Clients Mix of IOCs and SOCAR

- BP operator for ACG and Shah Deniz PSA

3 projects 1) BP ECMS, 2) Chirag oil project, 3) COP1 brownfield

Services Brownfield engineering (onshore and offshore), procurement, project

management, construction management, environmental consultancy

Differentiators Delivery of multiple projects; 11 years of asset support services; fabrication

of 3 major topsides

Strength of relationship with customer and local partners (ATA2)

Strong Azerbaijani local content (430 people – half Azerbaijani nationals)

11 years without ‘Lost Time Incident’ (LTI)


AMEC’s position

Market

Position

Baku

Profile

Tier 1 provider of engineering and construction management for brownfield and

greenfield upstream projects

BP’s preferred contractor in country for brownfield engineering (offshore and onshore)

Working and delivering safely in Azerbaijan for 15 years

1) Chirag Oil Project, 2) Consortium between AMEC, Tekfen, Azfen

10

11

BP ECMS (framework contract delivered under BP global agreement)

Project overview

Framework contract with variety of studies and projects covering:

8 offshore platforms in ACG and SD fields

1 onshore oil & gas processing terminal

3 export pipelines

New asset, Chirag Oil Project – West Chirag, where AMEC is providing

project management, will be brought on production during the contract term

Completion date: March 2016 (+ 2 x 4 year options)


Engineering construction management services (ECMS)

Project management

Design and implementation of modifications

Brownfield engineering support services (on and offshore)

Construction management and commissioning

Highlights

11 year delivery of EMS contract to BP

11 years without a single LTI

‘AzSPU Engineering 2005’ award for outstanding performance

2011 ECMS contract renewed - includes both on and offshore scope

Strong and growing customer relationship


BP

11

12


AIOC - BP

Chirag Oil Project – West Chirag (COP-WC)

Project overview

Fabrication of a new asset (20,000te), Chirag Oil Project – West

Chirag, where AMEC execute project management of the fabrication

in consortium with Tekfen and Azfen

Ready for sail-away date: 31 March 2013 (plus follow-on hook-up

support)

AMEC scope and services – in consortium (ATA)

Project management of the fabrication

Fabrication engineering executed in Jakarta

Construction management and supervision

Hook-up support to BP

Brownfield integration into the PCWU facility

Highlights

This is the 3rd platform for AIOC executed in partnership with Tekfen

and Azfen spanning a relationship of 10 years

15 million man hours without a single LTI

AMEC Global HSSE award for safety performance

100% in-country fabrication – first of its kind

Project on schedule at 90% complete

On schedule, delivered safely

12

13


Strategy for growth

Future

Position

Strategy Deliver ongoing projects to the best standards and achieve growth

Secure Shah Deniz 2 project

Target selective large-scale and complex assets with UK engineering

operations and MMC AMEC (local entity) in Azerbaijan

Target specific IOCs and the NOC for new oil and gas fields development

Work across markets and geographies to maximise delivery

Deploy wider AMEC services and markets (Environment & Infrastructure,

Mining)

Maintain and grow local content development

Tier 1 provider of FEED, detailed design, EPCM, construction management

and brownfield engineering services

Regional delivery, supported by global centres of excellence

Expanded customer portfolios with new oil and gas fields developments and

PSAs eg Nakhichevan, Absheron, Umid blocks

Proven delivery positions for future growth

13

Oil & Gas – MENA and Azerbaijan Appendix London, 30 October

15

Opportunities differ by country

Appendix - MENA

Opportunity by country

Iraq Libya Kuwait Oman Qatar Saudi Arabia UAE

Attractiveness (n low, nnnn high)

nn nnn nnnn n nnnn nnn nnnn

AMEC

opportunity

By market

• Oil & Gas

• Clean Energy

• E&I*

nnn

• Oil & Gas

• Clean

Energy

• E&I*

nnn

• Oil & Gas

• E&I*

nn

• Oil & Gas

• E&I*

nn

• Oil & Gas

• Mining

• E&I*

nnn

• Oil & Gas

• Clean Energy

• Mining

• E&I*

nnnn

• Oil & Gas

• Clean Energy

• E&I*

nnn

Upstream,

midstream,

downstream

Upstream Upstream Significant

onshore up / mid

/ downstream

Upstream Significant

midstream,

upstream

Significant onshore

upstream

Significant

upstream + mid /

downstream

Onshore/

offshore

Onshore Both Both Onshore Both Onshore Both

Project

opportunities

• Upstream field

developments

• Field

rehabilitation

• Water &

infrastructure

projects

• Upstream field

development

• Pipelines

• Brownfield

remediation

• Re-entry

• Redevelopment

activity

• Gas trains

• New refineries &

upgrades

• Undeveloped

northern area

• Production

enhancement

• Gas

developments

• Upstream

production,

• Asset support

• Brownfield

engineering

• Water projects

• Production

increases

• Onshore upstream

• Infrastructure

• Mining

• Upstream

development

• Refinery

development &

upgrade

• Nuclear

Key customers IOC led

consortia

NOC and

IOCs

KOC, KNPC,

KJO

NOC consortia

and mining

NOC, IOC,

mining and

E&I*

NOC and Mining NOC and IOC PSA

clients

15

*Environment & Infrastructure

16

Libya Kuwait Qatar Saudi Arabia UAE Iraq

AMEC’s

position

30 years in Libya

focus on re-entry

and develop in-

country

engineering

Strongest position

In-country engineering and

PMC

In JV with Black Cat –

focus on asset

support including

brownfield

engineering, AMEC

E&I has existing

infrastructure projects

Technical services

to O&G market;

consulting services

and engineering

studies for mining

PMC and FEED

services for O&G;

consulting services for

nuclear

Engineering and

environmental

services to Oil &

Gas market. One-

AMEC approach:

E&I and S2V

NOCs • ZOC, WAHA,

Harouge, Agoco

• KOC: PMC & major

upstream projects – 2013

• Al-Khafji Joint operations

• KNPC: eng and PM

services

• Qatar Petroleum

• Saudi Aramco ,

Sabic, Ma’daan

• ADMA-OPCO:,

Adgas, Zadco, Adco

• SOC, NOC and

others

IOCs • Shell, Chevron,

Total, BP,

Verenex, Repsol,

Wintershall

• NOC dominated market • ExxonMobil, Total,

Oxy, Maersk, Shell,

Qatargas

• NOC consortia

dominated market

• BP Sharjah, Conoco

Phillips

• Kogas

• BP

• Shell

Examples • Provision of

technical

services, FEED

engineering,

detailed design

and consultancy

services

• FEED and detailed design

for gas and oil field

developments

• Distributed engineering in

AMEC London Old Street

for complex FDP

• Contracts for

offshore brownfield

modifications

• OSBV crucial

markets for Shell

and Dolphin access

platforms

• New market entry

for feasibility

engineering and

PMC services

• PMC for various

customers,

engineering scope

increasing

• One-AMEC approach

for asset support

projects (S2V, Pi,

qedi)

• Commissioning

and completion

support within

southern Iraq

• FDP planning and

engineering for

new field

development

Appendix - MENA

Target customers by country

Expanding beyond strong position in core markets

16

17

1970s 1991

Oilfield rehabilitation

(Kuwait)

MAPEL – inspection

services (Libya)

KWSA – engineering

services (Saudi Arabia)

1978

Haradh GOSP - PMS

(Saudi Arabia)

Berri ethane plant - EPC

(Saudi Arabia)

KOC – southern oilfields

PMC (Kuwait)

1995

2000

2004

2007

KNPC, General Eng

Services (Kuwait)

2008

ZADCO Major Projects

PM Contract (UAE)

2009

Black Cat JV

(Qatar)

Appendix - MENA History of AMEC in MENA

2010

2012

2011

ADCO – Energy Efficiency

Improvement – All Fields (UAE)

AMEC Intl Ltd. Nasr-1 & UL-1

PMC for EPC (UAE)

OXY DD

Engineer

Services

Contract (Qatar)

Harouge. FEED

Engineering (Libya)

Wafra Joint Operations (Saudi

Chevron & Kuwait Gulf Oil Co.)

– FEED- Central Gas

Utilisation Project (Kuwait)

KNPC- 5th Gas Train Study & FEED

at Mina Al Ahmadi (Kuwait)

17

18

Appendix – Azerbaijan

History of oil & gas

1850s: Azerbaijan is one of the oldest oil producing regions in the world, starting with a flow of foreign

investments in 19th century

1875: the Nobel brothers began their activities in Azerbaijan's oil industry

1920: 109 public companies in Azerbaijan, 37 British owned (worth approx £100 million)

1994: the first PSA, the ‘contract of the century’ signed between SOCAR1 and AIOC2

2011: oil production reached 46 million tonnes (approx 300-350 mbpy); gas production 909 TCF

*source for charts: SOCAR Annual Report 2010

18

19

Appendix - Azerbaijan

AMEC in Azerbaijan

1997: AMEC was the first British-owned E&C contractor to establish

permanent presence in Azerbaijan

1997: AMEC provided specialist support to BP Exploration (Shah

Deniz) Limited for upgrade of ‘Shelf 5’ semi-submersible drilling rig

2002: AMEC entered first consortium agreement with local partners

Tekfen and Azfen for fabrication of compression, water injection

project (C&WP) topside

2010: BP awarded AMEC-Tekfen-AZFEN (ATA) consortium 5-year

Master Services Agreement (MSA) for fabrication work

2011: BP renewed the offshore brownfield engineering contract

(EMS) for next 13 years – including onshore scope

AMEC Baku office, 1997

AMEC Baku office, 2010-2012

19

20


AMEC projects history

1997 2011-2012

Shelf 5 / Istiglal BTC Project

BP Shah Deniz AIOC Azeri-Chirag-

Gunashli fields phase 3

AIOC Chirag

Water Injection

Production Compression

Water Injection and

Utilities - PCWU Project

Compression Water

Injection

Platform - C&WP Project

Chirag Oil Project-West

Chirag for ACG phase 4

PCWU COP

Brownfield

2002-2005 2005-2008 1998-2000 2001 – ongoing

BP EMS Project;

extended and then

renewed to ECMS

2001 - 2004

20

21

ATA consortium made up of AMEC, Tekfen (a Turkish contracting and construction

company) and Azfen JV (joint venture between Tekfen and SOCAR)

Azfen: fabrication facility and local Azeri trades personnel

TEKFEN: supervision and local labour

AMEC: yard design and development, project management, engineering, training and HSE, systems

and procedures

2010: ATA consortium awarded 5-year MSA for fabrication work for BP – AIOC

Current COP-WC-PDQ topside will be the largest offshore structure ever built in Baku,

load-out weight in excess of 20,000mt


AMEC-Tekfen-Azfen consortium (ATA)

CWP - 14, 250 tonnes PCWU- 14,500 tonnes COP-WC – excess of 20,000 tonnes

Working in partnership with local companies

21

22


ATA construction facility

The ATA construction facility is located on Janub Kyorpyusu (South Bridge) on the coast

of the Caspian Sea, south west of Baku

2002: the yard (which includes facilities to fabricate, construct and commission topsides)

constructed by ATA consortium

2010: yard upgraded to enable fabrication of topsides up to 25,500 tonnes

Two large topsides built at yard; currently building third platform for AIOC

2002-2005: Compression and water injection platform (C&WP)

2005-2008: Process, compression, water injection and utilities platform (PCWU)

2010- ongoing: Chirag Oil Project-West Chirag (COP-WC) topsides project After development

World class fabrication facility

1) PSA between BP, Chevron, SOCAR (state), Inpex, Statoil, TPAO, Itochu, Hess

22

23


ATA fabrication yard (2002)

23

24



24

25



25

26



26

27


Major oil and gas fields and distribution pipelines

Azerbaijan oil and gas fields

Major distribution pipelines

Azerbaijan’s oil & gas fields

27

Oil & Gas - Summary Samir Brikho, Chief Executive London, 30 October

Need GR or

Americas pic

Summary - One AMEC approach

Integrated strategy and structure

Enhanced

capabilities

Customer

relationships

Geographic

footprint

Delivery focused

Integrated structure

Common skills, tools and processes

One AMEC

Secure platform for growth

Integrated services

Delivery excellence

Recognised

for delivering

complex,

challenging

projects

1

Oil & Gas investor event Questions

Need GR or

Americas pic

Oil & Gas investor event Appendix

Need GR or

Americas pic

Appendix

Europe team

4

Alan Johnstone

Brownfield Alan was appointed to this role in 2007. Having been with the company since 1990

he has worked his way through the business in delivery, management and

operational roles. He is currently a member of the Industry Step Change in Safety initiative and is a serving member of the board of the Offshore Contractor association

John Pearson

Group President – Europe John had previously held the role of Managing Director, Natural Resources Europe and

West Africa, since 2007. He joined AMEC from Chevron in 1990 and has worked in a

variety of engineering and project management roles in Aberdeen, San Francisco,

Baku and London. He is Contractor Vice-Chair of Oil & Gas UK and immediate past

Chairman of the Offshore Contractors Association

Appendix

Growth Regions team

Alan McLean

Executive VP – Middle East, Africa, CIS Alan has been with AMEC for over 18 years after spending his initial career in the

mining and consultancy markets. Alan has had a variety of senior roles in Aberdeen,

Baku, London and now the Middle East, leading elements of AMEC’s business

covering Capital Projects and Asset Support. Most recently, Alan was Operations

Director in London, where a number of projects for the Middle East, Africa and CIS

were executed during his tenure

Richard Rippon-Swaine

Regional Director – CIS region Richard is a chartered mechanical engineer and has been in AMEC for 15 years. In

that time he has held a number of key positions in the oil & gas sector including

Azerbaijan Country Manager and BP Account Manager

Dr Hisham Mahmoud

Group President – Growth Regions Hisham joined AMEC in 2010 as President Environment & Infrastructure and has led

the growth and expansion of this business globally and across AMEC’s markets. Prior

to joining AMEC, Hisham worked for URS Corporation and its predecessor companies

for 19 years. Hisham has a Bachelor of Science degree in Civil Engineering from the

University of Qatar and a Master’s and PhD, both in Civil Engineering, from Arizona

State University in the US

5

Appendix

Americas team

6

Osvaldo Capmany

Director – Brazil and Latin America Operations Osvaldo is responsible for developing the Brazil and Latin America markets; he is also a

board member of the AMEC Kromav JV in Rio de Janeiro. He has 25 years of

experience in the oil & gas industry and has led global and regional activities for energy

companies including Shell Oil, YPF, Maxus Energy, Repsol, and GE.

.

Andy Sallis

President – Oil & Gas Americas Andy is responsible for Houston and Brazil operations and has extensive experience

directing projects including multidiscipline project engineering and delivery, risk

assessment and management, strategic planning and development for collaborative

business environments, and the development and integration of best practice solutions.

Simon Naylor

Group President – Americas Simon had previously been President of the Natural Resources Americas business

since 2007 and led the growth and successful development of positions in the core

sectors for mining, oil & gas and oil sands. Since joining AMEC in 1993, he has worked

across the project life cycle; from consulting to engineering and project management.

His experience includes project development, asset support, strategy, customer

relationship management and operations leadership.

Appendix

O&G competitive landscape

Saip

em

Technip

Flu

or

Aker

Solu

tions

Petro

fac

KB

R

Subsea 7

Wood G

roup

Worle

y

Pars

ons

CB

&I

Foste

r

Wheele

r

McD

erm

ott

Jacobs

AM

EC

UR

S

SN

C L

avalin

Exploration & drilling 2 2 2

Offshore

Engineering

Top sides 1 2 2 2 1 1 2 1 1 2 2 1 2

Platform/Hull/Mooring 1 2 2 2 2 2

Subsea 1 1 1 1 2 1 1 2 2

Pipelines 1 1 1 1 2 1 1 2 2

Project management 1 1 2 1 2 1 2 1 1 1

SURF Construction/Installation 1 1 1 1

Marine Construction/Installation 1 2 2 1

Subsea Products/Technology 1 1 1

Onshore facilities engineering 1 1 2 1 1 1 2 2 2 1

Maintenance, mods, operations 1 1 2 1 2 1

Oil sands - upstream 2 2 2 2 2 2 2 1 2 2

Onshore Construction/Fabrication 1 1 2 1 2 1 2 2 2 1 2

Pipelines engineering 1 2 2 2 1 2 2 2 2 2

Refineries engineering 1 1 1 1 2 1 2 1 1 2 2

Petrochemical plants 1 2 1 1 2 2 2 2 2

Gas processing 1 1 1 1 1 2 2 2 2 2 2 2

LNG 1 1 2 1 2 2 2

Maintenance, mods operations 2 2 2 2 2

Key:

Major player

Capability

No position

1

2

Up

str

ea

m

Mid

/Do

wn

str

ea

m

Appendix – Canadian oil sands

AMEC’s position

AMEC’s differentiator is track record and engineering expertise

Profile

Market

position

Revenue Approx £425m (2011)

Segment Extraction: mineable and in situ

Services Study services, engineering and procurement, project and

construction management, asset management,

environmental services

Clients Imperial Oil, Exxon Mobil, Shell, Syncrude, Suncor, CNRL,

Connacher

Projects Kearl (KID & KEP), Horizon, Albian Debottleneck, Fluid Fine

Tailings and brownfield engineering for Syncrude

Strong mineable position - worked on all major projects since 1991

Primarily CAPEX services

Leader in mineable oil sands extraction

One of a number of companies with in situ expertise

Complemented by environmental and power services

8


Competitive capabilities

Source: websites

Strong position

Capability

Limited capability

No involvement/capability

Leadership position built on track record and technical skills

Leading position in mineable

In situ technology AMEC BDR

Complementary services a competitive advantage

Current customers include:

Imperial Oil/Exxon Mobil, Syncrude, CNRL, Teck, Suncor, Connacher

Independents for in situ

Position across mining and in situ extraction

Segment Up

grading

In Situ

Service EP

CM

AMEC

Worley Parsons

Fluor

SNC Lavalin

Bechtel/Bantrel

Jacobs

IMV Projects

Golder

Stantec

CH2M Hill

Technip

Snamprogetti

Extraction

Mineable

En

vir

on

men

tal

Co

nsu

ltin

g

AMEC

9


Strategy for growth

Develop in situ portfolio to c. 30,000 bbl/day facility offering

Develop EPC capability (through strategic partnership with

constructor)

Reinforce PM and CM

Maintain leadership position in mineable oil sands

Continue to develop in situ position

Future

position

Strategy

Opportunity to transfer in-situ expertise to majors

10

Appendix

Glossary

Alphabetical order

Brownfield: [at AMEC] includes studies, front end and detailed engineering and sometimes including procurement and

project management and construction management services packaged for existing oil and gas assets

E&C: Engineering & Construction, generally onshore work

EPC: Engineer, Procure, Construct: a contract type generally used onshore, often lump-sum

LSTK: Lump-sum turnkey, a contract type generally used onshore, where the contractor completes the required job and

the facility is ready to "turn the key“ and start working

EPCIC: Engineer, Procure, Construct, Install, Commission: a contract type generally used offshore, often lump-sum,

including full commissioning of the relevant components

EPCM: Engineer, Procure, Construction Management: a contract type generally used offshore, often lump-sum for the EP

and cost-plus for the CM

EPIC: Engineer, Procure, Install, Construct: a contract type generally used offshore, often lump-sum

Fabrication: Construction of (generally) offshore facilities, including the integration of multiple different components or

modules

FEED: Front-End Engineering Design, a contract for the general design of a proposed oil & gas project

FPS: Floating Production System, a generic term for different types of offshore production platforms that are supported by

their own buoyancy

FPSO: Floating Production Storage and Off take, a ship or barge-shaped floating production system that also can store oil

and load oil tankers. Often a converted oil tanker

FSO: Floating Storage and Off take, generally a converted oil tanker used as storage for offshore oil production

Greenfield: [at AMEC] includes studies, front end and detailed engineering and sometimes including procurement and

project management and construction management services for new upstream and downstream oil and gas projects

11

Appendix

Glossary

Alphabetical order (cont)

Jacket: The support structure for an offshore platform that keeps the topsides in place above the waves. Jackets are

typically made from a steel framework that may be installed and piled to the seabed prior to installing the topside

facilities

Jackup: Lifting technology used primarily in shallow water drilling (up to 125m) but also for wind farms and other

offshore construction jobs

MMO: Maintenance Modifications and Operations, the segment of E&C work done on existing producing facilities both

onshore and offshore

Module: Part of a construction job that is built offsite and added to the finished job as a single package. Often used for

offshore platforms

Riser: Connects equipment on the sea bed to equipment on the surface. Drilling risers connect drilling rigs to blow-out

preventers. Production risers connect trees to floating production platforms

Semi: A semi-submersible platform. There are drilling semis and production semis. Generally semis have two or more

pontoons which can be flooded to increase the vessel's stability and draught

SPAR: Type of floating production system based on a very large vertical cylinder used as a jacket

TLP: Tension Leg Platform, a type of bottom supported offshore jacket

Topsides: The parts of an offshore platform built above the water line. Generally topsides sit on the jacket

Turret: The part of an FPSO that connects the risers and umbilicals to the FPSO and allows the FPSO to weathervane,

i.e. rotate around the turret. Generally expensive

Umbilical: Component that provides power and other facilities to subsea components. Most subsea components have

their own umbilical connected to surface production equipment. Also used for ROVs

Wellhead: The component of a well located at the top, to which casing is attached. Generally connects to the tree

12

Documents

Samir Brikho, Chief Executive - Foster Wheeler · PDF fileGoM and Brazil Andy Sallis, Osvaldo Capmany 17:10 Summary Samir Brikho 17:30 Drinks Samir Brikho, Ian McHoul, Hisham Mahmoud