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Opportunities in Qatar and Kuwait

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Opportunities in Qatar and Kuwait Opportunities in Qatar an d Ku wait Nasrollah Gharesifard, Country Manager Middle East Ilustration@Aker Solutions Agenda • COVID 19 situation Qatar and Kuwait • Qatar status and opportunities • Kuwait status and opportunities Qatar Qatar is currently in its 4th phase of its plan to re-open fully by September. Deaths have been low relative to cases and they have flattened the curve. Traveling is permitted with a negative Covid-19 test. Total: 117,008 Deaths: 193 Kuwait Kuwait is also in its 4th phase of re-opening. There are partial curfews. Citizens and residents are able to travel to and from the country, starting August 1. Commercial flights are partially resumed. Total: 80,528 Deaths: 515 Qatar – Qatar Petroleum / Gas Non sanctioned offshore greenfield capex by country, 2020-2023, Nominal billion USD • The current crisis may work to Qatar’s advantage as potential competitors, particularly in the US, delay or cancel major LNG investments. • Lowest breakeven oil price in the region. Qatar currently produces: • 630,000 b oil / day. • Half of production comes from Dukhan, onshore and the rest offshore. Rystad Energy, Qatar will be one of the strongest growing NORWEP markets between 2020 to 2024 Qatar – Qatar Petroleum / Gas 6 new LNG trains: • Currently produces 77.8 million mt/year of LNG. • ConocoPhillips, ExxonMobil, Shell and Total invited to bid for a stake. • Will increase LNG export capacity to 126 million mt/ • Chevron and Eni believed to be on the shortlist. year by 2028 / 2029 using 50 billion USD. LNG ships • QP entered into three agreements to reserve LNG ship (100++) in Korea booking 60% of the capacity: • Daewoo Shipbuilding & Marine Engineering (DSME) • Hyundai Heavy Industries (HHI) • Samsung Heavy Industries (SHI) Qatar projects update EPC opportunities Offshore Wells, by Rig Type – Qatar North Field expansion • Contracting on the estimated $18bn. W ells 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Engineering work on the new trains has Jackup 80 51 52 50 61 46 52 63 80 92 already begun: Total 80 51 52 50 61 46 52 63 80 92 • Chiyoda, Technip FMC, Japan’s JGC Corporation, Saipem, McDermott, CTCI invited to bid. Sanctioned offshore capex spending in Qatar by sanctioning year • In May, QP awarded the FEED to McDermott which, includes engineering design for eight unmanned wellhead platform topsides, four 38” trunk lines and four 28” intrafield lines, and is expected to take 12 months to complete. Qatar: NORWEP Priority Projects Dev. Start-up Project Operator Phase FID estimate Comments solution estimate • Qatar’s largest offshore oil field • JV between Total and Qatar Petroleum • Three phases, 8 offshore platforms Al Shaheen Fixed Under dev. 2018 2021 • Phase 1 awarded Expansion (Gallaf) • Phase 2 currently Tendering • The jack-up rig Gulf Drill Lovanda continuing drilling operation • Redevelopment to increase lifetime by 25 years Bul Hanine • Phase 1 A and B under construction Redevelopment Fixed Concept 2021 2024 • Phase 2, involves new offshore facilities Phase 2 • Pre-FEED awarded Wood • Qatar to increase LNG export to 126 Bcm • Four additional LNG trains planned • 8 WHPs planned, FEED McDermott • Onshore FEED Chiyoda North Field Expansion • Qatar is pushing back the start-up of the first phase Fixed FEED 2019 2024 Project of its North Field LNG Expansion Project by up to six months so that it will now enter production in 2025. Qatar has short-listed energy majors to be awarded a collective 30% share of the first phase, including Chevron, Eni, Shell and Total. Kuwait – KPC 2.81 million b/d, reduced to 2.16 million b/d Will increase to 2.29mn b/d in 2nd half of 2020 ➢ Oil sales provide about 90% of Kuwait’s official revenue. ➢ KOC has 150 land rigs in operation. ➢ KPC is planning to merge some subsidiaries. ➢ KOC is drilling offshore for the first time. ➢ Halliburton has awarded contracts for offshore drilling for 6 high- pressure/high-temperature (HP/HT) exploration wells on two jack up rigs. Source: RSM, 2020. Kuwait Quarterly Newsletter Questions? Nasrollah Gharesifard, Country Manager Middle East Ilustration@Aker Solutions Innovation for Excellence Our approach is simple; either fill existing technological gaps through strategic agreements with innovative technology providers OR penetrate markets, dominated by international companies through establishing a local company providing similar services at competitive prices and quality. www.meofs.com Agenda Kuwait Overview •Geographic location •Facts on Kuwait •Introduce the K Companies O&G Industry •Differentiate between Upstream, Downstream & Midstream •Explain hierarchy and reporting •Statistics on Kuwait Oil Company •Major focus of KOC Kuwait Oil Company •Innovation & Technology Group •Prequalification and Contracting •Thank you for the time •Any Questions are welcome Q&A www.meofs.com SECTION ONE The State of Kuwait 5th Largest oil reserve 3.27 USD to KWD 17,818 sq km 4.137 M population 101,500 M bbls 1,784 B cu m 1938 First Discovery 1946 First Shipment www.meofs.com S E C T I O N TWO The K Companies www.meofs.com S E C T I O N THREE Rig Count 2015-2021 Kuwait Oil Company Deep Drilling & WO Deveopment Drilling & WO Total 180 160 140 120 100 80 60 40 20 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 North Kuwait 5 year Well Plan # Exploration & Technology All activities in Sabriya, Bahrah, Rawdatain, All exploration, seismic, Drilling H Oil Workover Total Umm Nigga, Ratqa, Abdali prospect evaluation, gas 4500 West Kuwait 4000 All activities in Umm Gudair, 3500 Directorates Minaguish, Abduliyah, Dharif 3000 South & East Kuwait 2500 All activities in Ahmadi, 2000 Burgan, Magwa 1500 Drilling & Technical Support 1000 Major projects All Drilling & WO and 500 All projects exceeding Well Services $100m 0 2020-21 2021-22 2022-23 2023-24 2024-25 www.meofs.com S E C T I O N THREE Hot topics in KOC today - Macro Offshore Project Heavy Oil Project Unconventional & Non Associated Gas EOR KOC has embarked on the execution With billions of dollars in vested in wells EOR is a direction KOC is moving to, As a upstream strategic objective KOC phase of the Project. An IDS contractor and processing KOC has embarked on identifying new reserves in has put a target on achieving has been awarded the scope to drill and an aggressive plan to exploit the heavy unconventional and highly challenging sustainable non-associated gas complete 6 HPHT well offshore in oil reserves of North Kuwait. Thousands areas, their commercial viability production. This is achieved through Kuwait. KOC claim the offshore area of wells have been drilling and initially becomes more difficult. Optimizing and challenging drilling and completion will as estimated 100,000 barrels to daily the production will be obtained through enhancing reservoir performance using operations and the production side. production steam soaking primary and secondary methods gives a Early production facilities are required to baseline for future tertiary/EOR methods handle the gas until the production is developed to full capacity. www.meofs.com S E C T I O N THREE Surface Team Innovation & Technology From the well to export technologies Subsurface Team Deals with all subsurface technologies Information Management I&T teams are the gateway for new technology implementation Provides the integrated E&P database services, systems and solutions to support users within KOC. Aside from piloting technologies, I&T has evolved towards becoming a professional service provider within the Information Solutions organization. Provides and tests new software for the upstream business Solutions Contractual Mechanism Technologies are evaluated I&T then enters through an to a pilot eProposal contract with the system to solution ensure the provider and Challenges technology is Introduction has success Success viable for the criteria for the technology I&T discuss with challenges at The technology Once the value the various hand providers of the asset owners in presents the technology is KOC on the solution to I&T deemed challenges they and asset successful a full are facing and owners to field how technology demonstrate the implantation can help benefits and recommendatio candidate wells n is given to the are chosen assets by I&T www.meofs.com S E C T I O N THREE Technologies sample Energy Efficiency & Renewables Gas Technologies • Solar Thermal, Solar Electric • Mapping the architecture of Intra- Gotnia • Smart Energy Controllers EOR Technologies • Mapping thin beds • CO2 reduction technologies • EOR Fit for purpose simulator • Formation Evaluation – low porosity • Injectants for efficiency and cost carbonates Drilling & Completion effectiveness • Radial Drilling, Casing Drilling • Well Stability issue • Water treatment for EOR • ICD • Advanced EOR screening • Tight Carbonate stimulation technologies • Fluid loss during circulation Process Safety • Drilling Performance Management • Gotnia isolation • DH Scale mitigation • Wirelines SSSV • Automated injection skids Heavy Oil • On Line inspection tank bottoms Technologies • Sludge treatment • Steam Front movement • Ground deformation non seismic • Facility integrity management Reservoir • Leak detection in sour pipelines Technologies • Thermal simulation • Productivity enhancement • Sand Production management Smart Field • Reservoir scaling and souring Technologies • Rock & Fluid properties • Roadmap for Digital & Well Productivity Intelligence solution Technologies 0 • Tight reservoir development • Enhanced reservoir monitoring • ESP Failure, sand, emulsion, power • Ground deformation
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