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There are 16 companies in this (sub) sector, most of them of Norwegian origin, two from the Netherlands and three from Britain, two from France and one from Italy. These companies have been selected from a sector overview of Goldman Sachs, focused on European companies as part of portfolio of a single analyst.
Operating in this sector requires specific knowledge, as noticed by the many abbreviations that are used in the annual reports and on the websites:
- EPIC – engineering, procurement, installation and construction
- IMR – Inspection, Maintenance and Repair
- FPSO – Floating Production Storage and Offloading (systems)
- FSO – Floating Storage and Offloading
- TLP – Tension Leg Platforms
- FPU – Floating Production Units
- MOPU – Mobile Offshore Production Units
- HD3D – high-density 3D (seismic)
1. Acergy (Norway)
Acergy’s Vision: to be the acknowledged leader in seabed-to-surface engineering and construction. It’s core competences are:
1. EPIC delivery. These can be further divided into: Deepwater operations (subsea infrastructure, umbilical, riser and flowline systems). And IMR … to keep oil and gas fields worldwide producing at optimum capacity.
2. Conventional Field Development. Conventional construction skills and capabilities that help our clients solve complex hydrocarbon extraction and field development problems, together with pipeline installation tie-ins.
3. Trunkline expertise. “We operate the worlds largest and most successful semi-submersible pipelay barge, the Acergy Piper.”
Special attention is set – On the homepage – to HSE: health, safety and environmental protection. This topics is detailed by graphs about the safety awareness and the (declining) number of accidents over the years…
2. Aker Solutions (Norway)
Aker Solutions is informing clearly about the sectors it operates in: oil & Gas, Refining and chemicals, mining & metals, nuclear, power generation and additional services. These latter encompasses both onshore and offshore field services.
Aftermarket is one of the most strategically important and exciting growth areas for Aker Solutions. Encompassing products and services related to the maintenance, modification and development of our installed base … has enormous potential in terms of improving our revenue streams and margins.
3. Emgs – (Norway)
EMGS is an acronym for – Electromagnetic (EM) geoservices (GS).
Leader in technology “clearpay” for EM.
EMGS offers a different service for the oil downstream sector. “Unlike seismic surveys, which use acoustic energy to locate promising geological structures, seabed logging can directly reveal the presence of commercial hydrocarbon reserves. Seabed logging can identify reservoirs before seismic surveys are conducted … And seabed logging has the potential to find hydrocarbons in traps that cannot be detected using seismic methods and would be overlooked by conventional workflows.
4. Expro International Group (GB)
Oil companies choose Expro for well flow management. They need services and products to measure, improve, control and process flow from oil and gas wells. “Today,” Expro offers services and products through our five marketing areas of: Well Testing & Commissioning, Production Systems, Wireline Intervention, Drilling Choke Systems, Connectors & Measurements.
5. Fugro (Netherlands)
Fugro collects and interprets data related to the earth’s surface and the soils and rocks beneath and provides advice, for purposes related to the oil and gas industry, the mining industry and the construction industry.
Fugro operates around the world at sea, on land and from the air, using professional, highly-specialised staff and advanced technologies and systems.
Services they offer are: GEOTECHNICAL (Investigation & advice on physical & chemical characteristics of the soil and construction materials). SURVEY SERVICES (like Airborne photogrammetry, lidar, and radar mapping; topographic, hydrographic and geological surveying..).
GEOSCIENCE SERVICES (Gathering, processing and interpreting geophysical data, quantitative and qualitative estimates of oil, gas, mineral and water resources …)
6. CGGVeritas (France)
CGGVeritas is the world’s leading international pure-play geophysical company delivering a wide range of technologies, services and equipment … mainly throughout the global oil and gas industry.
Divisions are: Geophysical Equipment and Geophysical Services.
These… offer an advanced suite of seabed seismic services… also owns a recent vintage, well positioned library of multi-client land and marine seismic data.
CGGVeritas is a recognized leader in data processing & imaging services, made available via a worldwide network of 28 open seismic data processing centers and 15 client-dedicated centers.
Also … “offers the world-famous Hampson-Russell software that … makes sophisticated technology easily accessible by the working geophysicist and has an installed base of more than 1400 licences at over 500 petroleum and service companies worldwide.”
The company has a total workforce of approximately 7,000 staff operating worldwide.
7. Petrofac (GB)
Through its three divisions – Engineering & Construction, Operations Services and Energy Developments – Petrofac: designs and builds oil & gas facilities; operates or manages facilities and trains personnel; and, where synergies are identified, co-invests to provide additional alignment.
8. Petroleum Geo Services (Norway)
Petroleum Geo-Services (PGS) is a leading worldwide geophysical company. PGS provides an extensive range of seismic services and products for the petroleum industry including data acquisition, processing, reservoir analysis and interpretation. The company also possesses the world’s most extensive multi-client data library.
Formed in 1991, the company today operates 12 marine streamer vessels including 6 vessels of the unique Ramform class. The company also operates between 7 and 10 Onshore crews and has 15 data processing centers.
Since the start of the company PGS has pioneered the development of multi-streamer marine seismic acquisition, producing increasingly efficient, high-quality 3D seismic data for the industry. The company has also introduced HD3D in all environments and developed in-house expertise in geology, geophysics, and reservoir analysis. PGS also provides onshore seismic services where the company has a reputation for using the latest equipment in challenging environments and has an enviable program of sustainable development. The data processing capabilities of PGS have grown substantially from originally processing PGS data to a major player in a high technology industry.
With its headquarters in Oslo, the company has offices in 22 different countries. (*)
(*) – Information gathered from the companies websites…