AMEC MENA Deutsche Bank investor field trip to … · AMEC MENA Deutsche Bank investor field trip to Middle East Abu Dhabi: 9 November 2010. 2 ... Upper Zakum is the most significant

AMEC MENADeutsche Bank investor field trip toMiddle EastAbu Dhabi: 9 November 2010

2

Important information

Certain statements in this presentation are forward looking statements.By their nature, forward looking statements involve a number of risks,uncertainties or assumptions that could cause actual results or eventsto differ materially from those expressed or implied by the forwardlooking statements. These risks, uncertainties or assumptions couldadversely affect the outcome and financial effects of the plans andevents described herein. Forward looking statements contained in thispresentation regarding past trends or activities should not be taken asrepresentation that such trends or activities will continue in the future.You should not place undue reliance on forward looking statements,which apply only as of the date of this presentation.

This presentation does not constitute or form part of any offer orinvitation to sell, or any solicitation of any offer to purchase any sharesin the Company, nor shall it or any part of it or the fact of its distributionform the basis of, or be relied on in connection with, any contract orcommitment or investment decisions relating thereto, nor does itconstitute a recommendation regarding the shares of the Company.

Past performance cannot be relied upon as a guide to futureperformance.

MENA todayIntroduction MENA strategy Appendix

3

Agenda

Introduction

AMEC in the Middle East

AMEC plc in context

AMEC MENA*

Strategy, capability, history, services,customers, people

Current projects

Growth opportunities

Strategy


*Middle East and North Africa

4

AMEC in the Middle East

Middle East is a key strategic market

Identified in Vision 2015

Long history and track record

Delivering work in-country since the 1970’s

Differentiated services

Life of asset services

Value-based

Long-term relationships


5

Transmission &Distribution 6%

Mining 3%

Federal/State/Provisional 5%

Energy 2%

Water/Municipal 3%

Transport/Infrastructure 3%

Industrial/Commercial 3%

Renewables andBioprocesses 6%

AMEC - by geography, division and core sector

Revenue by geography (2009)

Canada 33%

UK 31%

US 24%

ROW 12% Conventional Power 5%

Revenue by sector (2009)

Nuclear* 10%

Natural Resources

Power & Process

Earth & Environmental

Oil Sands16%

Oil & Gas 26%

Mining9%

*Does not include the ‘equity accounted’ Sellafield decommissioning contract

ROW is a focus for growth


6

AMEC – investment focus

Deepwater/complex upstream projects

Asset support

Duty holder

Pipeline engineering

Subsea engineering (SURF)

Underground mining

Nuclear

Transmission & distribution

Renewable energy

Environmental consultancy Water

Natural Resources

Power & Process

Earth & Environmental

Capabilities Geographies

Current locationsInvestment focus

Up-sizing in selected regions Australasia Latin America

Middle East

Continued growth in Africa,Europe and North America


Enhancing AMEC’s footprint and capabilities

7

AMEC - implementing Vision 2015

Focus on assured growth

* Diluted EPS 2015

>100pEPS*

More efficient capital structure

Increased acquisitions

Shareholder distributions

Capital Structure

Enhancing our capabilities

Enhancing our geographic footprint

Integrated approach

Focus on growth

Strengthening our people

Harmonising tools and processes

Employees


8

AMEC MENA - strategy

Continue building strong long-term relationships with key NOCs / IOCs

Take advantage of shifts in market environment

NOCs: provide value-add services, complex asset development and asset supportwith focus on operational excellence

IOCs: provide IOCs entering the market a proven in-country delivery support for assetdevelopment and asset support

Complex field developments (hard oil) and increased demands on the security ofsupply to meet the increases in local infrastructure

Strengthen current capability across MENA region

Deploy wider AMEC services

Expand service offering

Increase value-based delivery to informed customers


9

Services focused on designing, managing the delivery of,and maintaining strategic and complex assets

``Consult Engineer Procure Construct Maintain Decommission

project management

capital expenditure operating expenditure

Operate

Blue shading denotes AMEC focus

Synergy across value chain


AMEC MENA – activity across asset life

10

* % 2008 revenuesLife of asset knowledge and solution

Assetdevelopment

CAPEX

Asset support

OPEX

Environmental Consultancy

Training and Development

Project Management / Convero / Consultancy

AMEC Business Consulting

AMEC MENA – life of asset capability


11

1970s 1991

Oilfield rehabilitation(Kuwait)

MAPEL – inspectionservices (Libya)

KWSA – engineeringservices (Saudi Arabia)

1978

Haradh GOSP - PMS(Saudi Arabia)

Berri ethane plant - EPC(Saudi Arabia)

KOC – southern oilfields PMC(Kuwait)

1995

2000

2004

2011 and beyondMarket focus & return2007

KNPC, General EngineeringServices (Kuwait)

2008

ZADCO Major Projects ProgrammeManagement Contract (UAE)

2009

Black Cat JV (Qatar)

AMEC MENA – history

2010


Harouge. FEED EngineeringServices (Libya)

12

AMEC MENA – services

Engineering

Services

ExistingFoundation

Expanding AMEC MENA’s core services

Resources

PMC

FEED

Incrementalgrowth

ComplementaryServices

AssetSupport

AssetDevelopment

Enhancing ourcapability

• IOCs

• Libya

• Qatar

• E&E, P&Pand ATD*services

• Migrating toregionaldeliverymodel

* Earth & Environmental, Power & Process and AMEC Training & Development


13

AMEC MENA – key customers by country

• ZOC; WAHA; Harouge;Wintershall: Provision oftechnical services

• Shell; Chevron; TOL;Verenex: EIA studies

• Harouge: FEED for oilfield developments

• Verenex: FEED forpipeline element of fielddevelopment

• KOC: PMC & majorupstream projects - 2013

• KOC; Saudi ArabianChevron (SAC): Eng &PM services (Wafra)-2012

• Al-Khafji Jointoperations

• KNPC: Eng & PMservices

Expanding beyond strong position in Kuwait/Libya

KuwaitLibya Saudi Arabia

• Saudi Aramco MobilRefinery Co:Technical services(TS) contract

Qatar UAE

• ZADCO: 5-yearProgrammeManagementcontract

• BP Sharjah: ProjectManagement andEngineeringservices frameworkcontract

• Adgas: Energystudies - Pii

• ExxonMobil: PMSsupport

• Qatar Gas:Technical services

• Total: Shutdownservices


14

Kuwait

63%

Libya

22%

UAE

12%

Qatar

1%

Saudi Arabia

2%

AMEC MENA - people

2010*Headcount

Predominantly ‘in-country’ engineering capability


* H1 2010

15

Kuwait Oil Company (KOC): Project Management Contract (PMC)

What is the project?

AMEC originally awarded KOC contract in 2004;renewed for further 5 years Jan 2008

Contract requires AMEC to act as an integral part ofthe KOC capital project organisation in managing aportfolio of major projects across KOC oil productionfacilities across Kuwait

AMEC MENA – current projects (1 of 5)


AMEC’s scope

Consultancy services in project management, FEED, contractand construction management for KOC's upstream oil andgas assets in Kuwait

Project highlights 2010

Portfolio of ‘’managed contracts’ includes 12 capital projects(total value $6 billion)

Greenfield GC24 project (value $750 million) North Kuwait,completed 6 months ahead of schedule

85 million managed contractor man hours without a lost timeaccident achieved by innovative and rigorous HSEmanagement and supervision

Commencement of the early scoping for the Earth &Environmental oil field rehabilitation project

Project team were winners of Chief Operating Officer’s annualsafety award

16

KNPC1: Consultancy for Project Engineering & Management Services


September 2007, AMEC commenced 5-year contract, with one-year extensionoption to provide engineering and PMCservices in support of KNPC’s threerefineries at Mina Al-Ahmadi, MinaAbdulla and Shuaiba



AMEC’s scope

Brownfield engineering & design modifications, both inside & outside battery limitProject management services (PMC) including:

• FEED definition• ITB2 preparation and bid reviews• CAPEX preparation• EPC contract management to close out

Secondment of personnelTraining and knowledge transfer

Project highlights 2010

PMC services for the acid gas recovery project

Feasibility study for 805 MM SCFD3 fifth gas train including off-sites and utilitiesat Mina Al-Ahmadi refinery

FEED study for the development of the Ahmadi Tank Farm

Secondment of personnel into an IPMT4 and KNPC facilities

Brownfield engineering revamp & modification works at 3 refineries:

• Gas plant reliability improvements

• LPG5 train heater replacement

• Substation relocation

• FCCU6 and AGRP7 stress analysis

Safety, project management and leadership training courses

1 Kuwait National Petrochemical Company

2 Invitation to bid

3 Standard cubic feet per day

4 Integrated project management team

5 Liquid petroleum gas

6 Flue catalytic cracker unit

7 Acid gas recovery plant

17

ZADCO: 5-year offshore programme management consultancy contract


Contract includes:• Development of the east and west areas of the field• Programme to increase offshore capacity from

500,000 to 750,000 bbl/day• Replacement of the 60 km main subsea oil pipeline• Expansion of onshore/offshore gas treatment

facilities



AMEC’s scope

Engineering, consultancy and project management servicesextending from concept stage through FEED, design,construction management and commissioning on the multi-billion dollar Upper Zakum full field developmentprogramme

Project highlights

Largest oil-related PMC contract ever awarded by ZADCO

Upper Zakum is the most significant of ZADCO’s fields, thefield covers 1,200 square kilometers of the Arabian Gulf,and is part of the Zakum field – the fourth largest field in theworld

Project will develop 4 new design offshore islands tosupport drilling and production facilities - improving fieldperformance

18

AMEC Blackcat, Qatar

What is the business opportunity?

Qatar is transforming from a CAPEX focused market to anOPEX market

• AMEC Blackcat is a capitalised business set up to meetthe needs of the demanding LNG market

• 3,000 technical resources in the region utilisinginternational expertise and local knowledge

• AMEC Blackcat ideally placed to secure increasedrevenues within an attractive margin product service



AMEC’s scope

Asset Support• Brownfield Engineering• Shutdown planning and execution• Maintenance optimisation and planning• Workshop services

Business highlights

AMEC Blackcat has entered market through small supportcontracts through 2010

• ITT’s in hand for large asset support opportunities• Qatar Petroleum are partners with Exxon Mobil, Shell,

Total etc• Developing new product service with the region –

operational efficiency (debottlenecking and Pii )

19

AMEC MENA - current projects (5 of 5)

Project management and engineering services(Kuwait) to KOC for the oil field rehabilitationproject, early phases

Environmental engineering services tocustomers across Libya, Iraq, Kuwait and UAE Environmental Impact assessments, field development

reviews and archaeological reviews

Engineering and construction managementservices to the US Armed forces in variouslocations across the Gulf


Earth & Environmental projects

20

AMEC MENA – growth opportunity (by services)

Build regional capability to manage and executemajor facility shutdowns across MENA Focus in Qatar

Develop nuclear projects across the region Focus on regulatory compliance, engineering, quality and

safety management

Introduce expertise in integrated power projectsand transmission & distribution to support oil andgas opportunities


Power & Process expertise

21

AMEC MENA – growth opportunity (by country)

UAELibya KuwaitIraq SaudiArabia

Qatar Oman

• Upstream onshore& Offshore(EPSA)

• Redevelopmentactivities

• Refineries(upgrades & newbuild)

• Pipelines

• Major Upstreamfielddevelopments

• Fieldrehabilitation

• New Refineries& upgrades

• Water andinfrastructureprojects

• Productionincreases

• Onshoreupstream

• Refineries

• Petrochemical

• Infrastructure

• Significantmidstream

• LNG / GTL

• Onshore &offshoreupstream

• Productiondevelopment

• Offshore &onshoreupstream

• Mid-stream

• Refinerydevelopment &upgrade

• Nuclear

• Renewables

• Productionenhancementand increase

• Onshoreupstream

• Gasdevelopments

Significant opportunity to expand geographic footprint…


• KPC 2020Vision

• RedevelopmentActivity

• Gas trains

• New Refineries& upgrades

• UndevelopedNorthern Area

22

AMEC MENA - summary

Middle East is a key strategic market

Substantial investment in energy-based projects throughout region over next 5years

Gas market becoming increasingly important to meet internal country growth

Increasing demand for high-value services

AMEC has a long history and track record in the region

AMEC has a clear growth strategy

Continue building strong long-term relationships with key NOCs / IOCs

Take advantage of shifts in market environment

Strengthen current capability across MENA region

Deploy wider AMEC services

Expand service offering

International capability with a regional delivery


QuestionsInvestor Field Trip: 9 November 2010

Documents

AMEC MENA Deutsche Bank investor field trip to … · AMEC MENA Deutsche Bank investor field trip to Middle East Abu Dhabi: 9 November 2010. 2 ... Upper Zakum is the most significant