ADIPEC – USA Partnership Pavilion Meeting Point Wednesday November 13, 2019 Overview of opportunities, Egypt Oil & Gas Major Projects Fabrice Abalain EIC Regional Analyst MENA Agenda Overview of Egypt energy projects • Regional perspective • Egypt energy projects landscape • Upstream & midstream major projects • Downstream major projects • Contracting activity 2 A Regional Perspective Main takeaway: • Egypt currently is MENA 4th regional energy market by combined CAPEX opportunity, after KSA, UAE and Iraq 3 Egypt energy projects Main takeaway: • Egypt has 94 major energy projects worth combined US$110 billion with a 50/50 split between O&G and Power, Nuclear, RE opportunities 4 Upstream & midstream projects E&P major trends • Supermajor IOCs (Shell, BP) are divesting onshore assets, most of them are mature and depleting, requiring constant investment and intensive efforts to prolong their life. Smaller companies (Dragon Oil) keen to develop the fields. • IOCs sees more potential in the offshore sector where new discoveries will help sustain LNG exports from Idku. Offshore exploration activity growth. • Egypt is positioning itself to act as a regional gas hub in the Eastern Mediterranean by importing supplies from neighbouring Israel and Cyprus to feed both rising domestic needs and increase LNG exports. 5 Upstream & midstream projects CAPEX Project Name Operator Terrain Start Up USD M Offshore, Zohr Gas Field - Phase 2 - Full Field Development - Ramp up to Plateau Stage Petrobel 2,000 2019 Onshore West Delta Deep Marine (WDDM) - Phase 9b Burullus Gas Company Offshore 807 2019 Offshore, West Nile Delta (WND) Gas Development - Project 3 - Raven Field BP 500 2019 Onshore West Nile Delta (WND) Gas Development - Idku Onshore Gas Processing Terminal BP Onshore 500 2020 and Export Pipelines Offshore North Sinai (ONS) Concession - Field Development (Kamose & Tao) NOSPCO Offshore 483 2022 West Delta Deep Marine (WDDM) - Phase 10 Burullus Gas Company Offshore 400 2022 North Damietta Offshore Concession – Atoll Gas Field Development - Phase 2 PhPC Offshore 300 2020 North Damietta Offshore Concession – Qattameya Field Development PhPC Offshore 300 2020 Raven Field to Western Desert Gas Complex (WDGC) And El Amriya LPG Recovery Gasco Onshore 250 2022 Plant - Gas Pipeline North Idku Gas Field Wintershall Dea Offshore 200 2021 Dahshur Gas Compression - Expansion - Unit 5 to Unit 7 EGAS Onshore 175 2022 Nooros Field Development - Phase 3 Petrobel Offshore 150 2019 Tina to Mit Nama - Loop Gas Pipeline EGAS Onshore 145 2021 Gulf Of Suez - GUPCO Rehabilitation Project Phase IV - Morgan Field - Subsea GUPCO Offshore 140 2019 Pipelines South Disouq - Field Development SDX Energy Onshore 100 2019 6 Downstream projects Project CAPEX Project Name Operator Project Status StartUp Stage USD M Contract Ain Sokhna - Tahrir Petrochemicals Complex Tahrir Petrochemicals International EPC 10,900 2024 Awarded Egyptian Petrochemicals Holding El-Alamein Petrochemical and Refinery Complex Feasibility Planning 8,500 2024 Company (Echem) Contract Mostorod Refinery Egyptian Refining Company (ERC) EPC 3,700 2019 Awarded Planning Egyptian Petrochemicals Holding Suez Petrochemical and Refining Complex Feasibility Consent 3,000 2023 Company (Echem) Applied Alexandria - MIDOR Refinery - Expansion II and Contract Middle East Oil Refinery (MIDOR) EPC 2,300 2022 Modernisation Awarded Contract Assiut - ASORC Refinery - Modernisation Project Assiut Oil Refining Co. (ASORC) EPC 1,850 2021 Awarded Alexandria - SIDPEC - Propylene and Polypropylene Sidi Kerir Petrochemicals Company Bids under EPC 1,700 2022 Plants (SIDPEC) Evaluation Ain Sokhna - NCIC - Phosphatic and Compound El Nasr Company for Intermediate Contract EPC 1,500 2019 Fertiliser Complex Chemicals (NCIC) Awarded Suez Refinery Expansion Suez Oil Processing Company (SOPC) EPC Prequalification 1,400 2021 Abu Tartour - WAPHCO - Merchant Grade ElWady for phosphate industries and Bids under EPC 900 2021 Phosphoric Acid (MGA) Production Complex fertilizers company (WAPHCO) Evaluation 7 Energy contracting activity 8 Most successful O&G contractors 5-year most successful O&G contractors (EPC, FEED) Contractors Awards Petrojet 10 ENPPI (Engineering for the Petroleum and Process Industries) 10 Wood (i.e. Amec Foster Wheeler, CB&I) 9 Saipem 9 Subsea 7 S.A. 8 Bechtel 7 UJVC;ENPPI (Engineering for the Petroleum and Process Industries);Petrojet 6 KBR 5 OneSubsea 5 McDermott International Inc 5 TechnipFMC 4 Axens 4 Rosetti Marino SpA 3 ThyssenKrupp Industrial Solutions 3 Petroleum Marine Services (PMS) 3 ThyssenKrupp Uhde 3 Maire Tecnimont SpA 3 Technip Italy S.p.A. 3 Worley 3 UJVC;ENPPI (Engineering for the Petroleum and Process Industries);Toyo Engineering Corporation 2 UJVC;ENPPI (Engineering for the Petroleum and Process Industries);Wood Plc 2 9 Thank you Fabrice Abalain EIC Regional Analyst MENA [email protected].