Disclaimer
This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to
differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the
regions and industries that are major markets for Kvrner ASA and Kvrner ASAs (including subsidiaries and affiliates) lines of business. These expectations, estimates and
projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual
results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets
for Kvaerners businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange
rates and such other factors as may be discussed from time to time in the Presentation. Although Kvrner ASA believes that its expectations and the Presentation are based
upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Kvrner ASA is
making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Kvrner ASA nor any of its directors,
officers or employees will have any liability to you or any other persons resulting from your use.
Drivers1
Functional Oil/gas/water quantity and quality
requirements
Pressure
Temperature
Topside
Production rate
Injection requirements
Drilling requirements
Safety
Location Remoteness Substructure
Environmental conditions
Water depth
Edvard Grieg
Soil
Proximity to existing infrastructure Export solution
C F E P C C D
Engineering for
procurement
Engineering for
fabrication 350 engineers at peak manning
Engineering for
completion, testing 35 000 engineering design documents
and operation
150 purchase orders
Total of 3 500
~3 900 000
people involved in the
working hours on site
project
Note: Picture and figures from the Gja project delivered by Kvaerner in 2010
Norway,
Oslo
Stord
Verdal Russia,
Trondheim Arkhangelsk
Finland,
US, UK, Ulvila
Canonsburg London
Houston
China,
Beijing
Australia,
Perth
10 Kvaerner 2012
C F E P C C D
ELDFISK (Topside)
Aker Solutions
Aker Solutions as subcontractor
CLAIR RIDGE(Jacket)
SAKHALIN (GBS)
HEBRON (GBS)
BROWSE (TLP)
+ COOEC
Aker Solutions
Aker Solutions as subcontractor
Controlling engineering
Project management
Full control
Engineering management
Flexibility
Controlled by Kvaerner
Flexibility wrt. in-house vs. subcontracting
M1A M1B M1C M1D M2A M2B M2C M3A M3B M3C M3D M4A M4B M4C M5A M5B M5C M5D M6A M6B M6C
TA TB TC TD TE
Strategic
Control
Execution
Tools
Project risk
Project progress
Sourcing Procurement
Sourcing complexity
number of packages (4 %)
progress sourced1)
Lead time
Technology ownership
Supplier power
Simplified Standard
selection procurement
(19 %) process
(65 %)
Structural
7%
Piping 7%
24%
Generators and compressors
6%
Electrical bulk
Project management
Critical
Engineering
line
Bid Final info
Prelim Close-out
Purchase
Inquiry info
order documentation
Procurement (vendors)
Delivery of bulk
Delivery of
equipment
Drawings
for
fabrication
Contract
completion
Construction