Thermoplastic Composites in the Oil and Gas Industry. November 6, 2018

Transcription

1 Thermoplastic Composites in the Oil and Gas Industry November 6, 2018

2 AGENDA Who is Solvay? The Oil & Gas Industry today and looking toward the future The evolution of thermoplastic composites The value proposition of carbon fiber thermoplastic composites Summary 2

3 SOLVAY IS AN ADVANCED MATERIALS & SPECIALTY CHEMICALS COMPANY 61 countries industrial sites occupational accidents at major R&I centers 1 Group sites per million hours worked underlying results 2. MTAR: Medical Treatment Accident Rate 10.1 billion of net sales 1 24, greenhouse gas employees 1 intensity kg CO 2 eq. per EBITDA 49% sustainable solutions Group net sales

4 WITH A LONG STANDING SPIRIT OF INNOVATION Solvay Physics Conferences 1911 & 1927 Solar Flight Solar Impulse 2 accomplished the first trip around the world in 2016, without a single drop of fuel. Solvay proprietary - All rights reserved

5 UNIQUELY POSITIONED TO PROVIDE THERMOPLASTIC COMPOSITES TECHNOLOGY LEADERSHIP Broad portfolio of specialty polymers Fiber/Resin interface TP prepreg manufacturing Application Engineering Key markets for thermoplastic composites 5 Aerospace Supports more costeffective fabrication Enables higher build rates Oil & Gas New cost effective offshore extraction Weight reduction and flexible pipe design optimization Corrosion resistance Automotive Design freedom More efficient part assembly Outstanding crash & safety performance Improved recyclability

6 New Technologies Economic Growth Population Key Factors Impacting Oil Demand Energy Policies Geopolitics & energy security Electrification of Cars Renewables 6

7 PEAK OIL DEMAND The Sooner Scenario 25% 50% of energy demand is met by gas, now the dominant primary energy carrier decline in oil production compared to today Oil demand peaks Global demand for energy from gas overtakes that for oil 40% of primary energy comes from oil and gas combined compared to 53% in 2017 Gas and global energy demand peaks (16% higher than today) Having reached its peak within the next five years, DNV GL forecasts global demand for oil to be 50% of today s production levels by 2050 however, continued investment in new oil and gas development will still be needed as global reserves decline at a rate of about 5% per year. 7 Source:

8 PEAK OIL DEMAND PEAK The Later Scenario Electric cars are helping to transform energy use for passenger cars, slowing the pace of growth in global oil demand, however, trucks, aviation, shipping and petrochemicals keep oil on rising trend. 8 Source:

9 MMb/d The view from Deep Offshore Global Oil Supply Growth Production Decline to 2030 Sanctioned Projects OPEC Gulf Shale Oil Offshore Other 2030: Total Oil Unsanctioned projects $ 40/bbl Cost Reduction Supply & Demand Gap 9 Source:

10 EXCITING TIMES FOR THERMOPLASTIC COMPOSITES TechnipFMC and Magma Global to Enter into a Strategic Collaboration Agreement for Hybrid Flexible Pipe

11 A 30 YEAR JOURNEY TO GET TO WHERE WE ARE TODAY Conference on composite materials for offshore IFP/Composite Acquitaine 4 choke & kill lines Reinforced Thermoplastic Pipe (RTP) First offshore thermoset composite riser joint proven Joint Industry Program launched for deep water riser concept Release of DNV guidelines for thermoplastic composite pipes Today Investigation of TPC for military applications Spoolable composite pipe Three industry projects focused on fully bonded TPC solutions Release of DNV standard & guidelines for composite components & risers TPC becomes material of choice for small parts on A340, A380 & 787 Libra first oil in Sources: company websites

12 Growth THE PRODUCT LIFE CYCLE CURVE OF CARBON FIBER THERMOPLASTIC COMPOSITES Aerospace Thermoset Composites Aerospace Thermoplastic Composites O&G Thermoplastic Composites Automotive Thermoplastic Composites Epoxy PEKK, PEEK, PPS PVDF, PEEK, PPS PPA, PA6,6, PPS Development Growth Maturity Decline Time 12

13 THE VALUE PROPOSITION OF THERMOPLASTIC COMPOSITES IN FLEXIBLE PIPES Carcass Thermoplastic Liner Metallic Pressure Armor Tinsile Armor Insulation Outer Shell Whether in a hybrid or fully thermoplastic solution, carbon fiber thermoplastic composites enable: Evolution Revolution Carcass Thermoplastic Liner Bonded Composite Layer Tensile Armor Insulation Lower weight versus steel, less or no buoys and shorter pipes Reduced corrosion Maintenance of excellent mechanical performance and flexibility Outer Shell 13

14 IN SUMMARY The Oil and Gas Industry......is hungry for new technologies to bring the breakeven price as low as possible. has been exploring the use of composites for >15 years....understands the value proposition for using carbon fiber thermoplastic composites to unlock and deliver more value. 14

15 THANK YOU Questions? 15