Composite-wrapping services

Transcription

1 Maintenance, Repair & Overhaul INVESTMENT OPPORTUNITY: Composite-wrapping services

2 Executive summary Localize composite wrapping services in Qatar. The local capabilities should include a composite wrapping service center with local specialists able to perform all type of composite wrapping services and a storage facility to store composite wrapping materials. Currently, all composite-wrapping services are conducted by specialists, with materials from outside of Qatar, and typically require a two-to four-week lead time. The demand for composite-wrapping services in Qatar is expected to be approximately QAR 10M in 2018, which will potentially increase to approximately QAR 13M by 2023 due to growth, based on: Local demand for approximately 100 composite-wrapping service interventions per year Expected installed base growth of 4-6 percent per year. 2

3 Detailed opportunity description Typical offshore pipe lines Localize composite wrapping services Flow pipes can slowly corrode from the inside. As a result, these pipes can start leaking when fully corroded, leading to operational losses and environmental issues. In order to prevent such leakage, a pipe can be compositely wrapped with protective composite layers. Currently, all composite-wrapping services are conducted by specialists, with materials from outside of Qatar, and typically require a two-to four-week lead time. These services require certified personnel and composite materials. Various types of required composite-wrapping services vary based on the type of pipe and flow. Different methods are applied to either high- or low-pressure straight pipes, each having different piping components. Local companies perform composite-wrapping services but are subcontracted by specialized compositewrapping companies. Localization opportunity Business scope Certified specialists to supervise and perform composite wrapping for all types of corroded pipes: Low-pressure straight pipes (<500 PSI) High-pressure straight pipes (>500 PSI) Different piping components other than straight pipes (e.g., elbow, TEE, and valve) Storage facility to enable preordering of wrapping material In addition, composite repair could also provide wrapping services to vessels, tanks, etc. Out of scope Manufacturing of wrapping material Capital intensity Low (QAR 0-10M) Medium (QAR 10-50M) High (QAR 50M+) 3

4 Market size Estimated spend (Qatar only) on composite-wrapping services QAR M Forecast Estimated composite wrappings performed per year, number Composite wrappings applied Key highlights Qatar has an annual demand of approximately 100 composite-wrapping services, all adhering to different types of composite-wrapping requirements: 45 composite-wrapping services for low-pressure straight pipes 45 composite-wrapping services for high-pressure straight pipes Ten composite-wrapping services for different piping components. Demand for composite-wrapping services is expected to increase by 4-6 percent per year, driven by a growing Energy sector in Qatar with more installed pipes. Relevant stakeholders Top 3 buyers Other demand Top 3 buyers 4

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