Subsea Opportunities in PowerPoint example Asia Pacific Heading Arial bold 54pt Sub Arial bold 28pt 17 June 2020
SDI Asia Pacific Energy Trade Team Kevin Liu Helen Chen Ketan Pednekar Sridaran Sabapathy Yukiyo Miyakita Regional Lead China India Southeast Asia Japan • Offshore wind • Subsea services • Offshore E&P • Offshore E&P • Offshore wind • Marine energy • Decommissioning • Subsea services • Decommissioning • Marine energy • Project finance • Offshore wind • Decommissioning • Distributed energy • Hydrogen
Kevin Liu Head of China and Head of Energy Asia Pacific Scottish Development International Based at the British Embassy in Beijing, Kevin is the senior China representative for Scottish Development International, the Scottish Government’s international economic agency. He also leads the agency’s trade development work in the energy sector across the Asia Pacific region, with a team of specialists in Beijing, Tokyo, Mumbai and Kuala Lumpur supporting Scottish companies in subsea engineering, offshore renewables, hydrogen and energy systems. Prior to joining SDI, Kevin led the UK Department for International Trade’s communications and marketing team in Asia Pacific, and before that was part of a Scottish whisky distillery startup. He began his career in UK Government Communications, then spent eight years in the Beijing political risk industry, specialising in energy, infrastructure, insurance and project finance in the emerging markets. kevin.liu@scotent.co.uk
Helen Chen Senior Energy Specialist – China Scottish Development International Based at the British Embassy in Beijing, Helen leads on energy trade development in China for Scottish Development International, the Scottish Government’s international economic agency. She has been with the agency for over 17 years, during which she has developed great expertise on China’s energy industry and supported numerous Scottish companies to win business in this exciting yet complex market. Helen’s focus in the year ahead includes promoting Scotland’s offshore engineering services to Chinese operators and contractors, exploring opportunities in hydrogen transportation, and supporting Scottish supply chain companies to enter China’s world -leading offshore wind market. Beijing helen.chen@scotent.co.uk
Ketan Pednekar Senior Energy Specialist – India Scottish Development International Based at the British Deputy High Commission in Mumbai, Ketan leads on energy trade development in India for Scottish Development International, the Scottish Government’s international economic agency, focusing on promoting Scotland’s offshore engineering services to India’s public and private operators. He is also exploring opportunities in India’s emerging offshore wind and tidal sectors. Ketan has worked in the Indian energy industry for over 20 years, including senior positions at Mumbai and Karaikal ports, and 14 years in engineering and business development at Reliance Industries. He is also a specialist in asset integrity management and design verification. Mumbai ketan.pednekar@scotent.co.uk
Sridaran Sabapathy Senior Energy Specialist – Southeast Asia Scottish Development International Based at the British High Commission in Kuala Lumpur, Sri leads on energy trade development in Southeast Asia for Scottish Development International, the Scottish Government’s international economic agency, focusing on offshore and renewable energy opportunities in Malaysia, distributed generation in Indonesia, hydrogen and decommissioning in Brunei, and offshore wind in Vietnam. Prior to joining SDI, Sri worked on trade promotion and policy projects for the British Malaysian Chamber of Commerce, working closely with the UK Department for International Trade, and sat on the Chamber’s energy committee. He began his career with BP. Kuala Lumpur sridaran.sabapathy@scotent.co.uk
Yukiyo Miyakita Senior Energy Specialist – Japan Scottish Development International Based at the British Embassy in Tokyo, Yukiyo leads on energy trade development in Japan and Northeast Asia for Scottish Development International, the Scottish Government’s international economic agency, focusing on offshore wind, tidal and hydrogen opportunities for Scottish developers and supply chain companies. She is also exploring collaboration with Japanese energy companies in third countries. Prior to joining SDI, Yukiyo worked as a trade advisor for the UK Department for International Trade for over 16 years, specialising in energy and infrastructure. She began her career with the Japanese Ministry of Foreign Affairs and the Development Bank of Japan. Tokyo yukiyo.miyakita@scotent.co.uk
Introduction Kevin Liu Head of Energy Asia Pacific / Head of China Scottish Development International Beijing kevin.liu@scotent.co.uk
SDI Asia Pacific Energy Trade Team Scotland China India Southeast Asia Japan Helen Chen Ketan Pednekar Sridaran Sabapathy Yukiyo Miyakita Beijing Mumbai Kuala Lumpur Tokyo Offshore E&P Subsea Services Ian Ross Offshore Wind Offshore E&P Offshore E&P Offshore Wind Murray Bainbridge Subsea Services Decommissioning Marine Energy Decommissioning Marine Energy Hydrogen
China Helen Chen Senior Energy Specialist – China Scottish Development International Beijing helen.chen@scotent.co.uk
China’s Recovery from Covid -19 • With covid-19 largely contained, China is returning to normal . According to official reports, as of 25 March 2020, 96.6% of large and medium-sized enterprises are already working again. • PMI rebounded to pre-crisis levels at 50.6 in May 2020 and remained above 50 for three months, from a record low of 35.7 in February 2020. • Government support is so far focused on critical infrastructure spending , including transport, construction, environment and agriculture. • Further stimulus will be directed to telecoms and technology, including 5G network, data centres, smart cities and smart grids, in anticipation of the 14th Five- Year Plan (2021-2025) .
Key Target – CNOOC • Limited disruption from COVID-19 as all 120 offshore platforms continued operating. CNOOC reported a 15.9% increase in net profit in 2019 , with 17 new domestic discoveries in Bohai Bay and South China Sea. • 2020 capex is likely to be reduced to around $12 billion , the lower limit of its previous forecast, with 227 exploration wells and 8 new domestic projects still on schedule, and its new offshore wind project in Shantou already started. • Ambitious 7-Year Action Plan (2019-2025) to increase production by 23% to 70 million tonnes oil equivalent in 2025. There are opportunities in subsea engineering specific to emergence response , decommissioning and offshore wind .
SDI Activities • With travels been cancelled due to COVID-19, we have been promoting Scottish supply chain capabilities mainly through webinars and social media. • So far we have assisted around 40 Scottish companies since April and included them in our ongoing engagement with CNOOC and potential partners. • 11 Chinese companies came to us asking for more information and expressed interest in specific areas such as ROV , subsea inspection tools , pipeline inspection and repair solutions , riser analysis etc. • We are planning to bring a trade delegation to the Deepwater Energy Conference in Hainan and meet with COOEC Subsea in Shenzhen in November.
India Ketan Pednekar Senior Energy Specialist – India Scottish Development International Mumbai ketan.pednekar@scotent.co.uk
India Energy Outlook • Our focus is on ONGC and Reliance-BP , which appear less affected by the current downturn. • India will likely remain one of the world’s top energy consumers (currently third), with crude oil and gas consumption projected to increase 3-5% by 2040. • GoI will push ahead to reduce reliance on imports and increase domestic production, including a projected 20% increase in refining capacity by 2025. • By 2040, renewable energy is set to account for around 45% of power generation (including a target of 30GW in offshore wind capacity by 2030), while coal drops from the current 74% to around 46%.
Current Offshore E&P Activities ONGC • Eastern Offshore – G1 Fields (4 wells), Vashistha and & S1 Fields (4 wells), KG 98/2 Block Development (34 wells – under development) • Western Offshore – Mumbai Offshore for marginal fields (11 wells) Reliance Industries – BP • Eastern Offshore – D1 D3 Fields, MA Field (production ceased); R Cluster, Satellite Cluster, MJ Fields (under development); NEC-OSN-97/2 (FDP submitted)
Upcoming Offshore E&P Activities KG ‐ DWN ‐ 98/2 KG ‐ DWN ‐ 98/2 KG ‐ OSN ‐ 2004/1 Block Cluster ‐ 1 + Block Cluster ‐ 3 Block + GS ‐ 49 GS ‐ 29 Development Development Development Overview 6 Oil wells + 2 gas 9 gas wells (UDW), 11 gas wells, wells, 80-700 m 2400-2900 m 7-320 m (4 wells > 400 m) Value US$665 million US$3.2 billion US$560 million Award Year 2020 2021 2020 Production 2022 2023-24 2022 Open Acreage Licensing Policy V Bidding Ongoing bidding for ultra deep water block CY-UDWHP-2019/1
Recommend
More recommend
