• As Oil Wells Dry, Umbilicals the Way to Go in Deepsea Exploration

  • May 8 2012
  • Duración: 23 m
  • Podcast

As Oil Wells Dry, Umbilicals the Way to Go in Deepsea Exploration

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  • Resumen

  • Aker Solutions Asia-Pacific president Crawford Tennant discusses:

    - Aker’s services within the stable;
    - Previous posting within subsea solutions - 'Christmas trees' - etc;
    - The umbilicals business: carrying data - fluid - chemicals;
    - Clients - producers - installers;
    - Typical lifespan;
    - EMs: West Africa - Asia - CAGR of between 11 and 18 per cent annually - growing presence;
    - Choice of Malaysia as investment destination;
    - Petronas - Marginal oil fields - $60m investment - Pekan - umbilical manufacturing - commencement Q4 2013;
    - Why not Kuantan, Gebeng;
    - Amount invested and status of development;
    - Operational challenges: manpower - logistics;
    - Importance - infrastructure - communications;
    - Skills in developing 'well functioning local teams' - in a skills context - Pekan - how;
    - 40 per cent of company owned by Norwegian Ministry of Trade - implications, reasons;
    - Corruption - procurement - approach;
    - Petronas capex spend - strategy.

    See omnystudio.com/listener for privacy information.
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