HÅ - Internationalisering Dansk Olie og Gas G O B D N HÅNDBOG Dansk Olie og Gas - internationalisering Håndbog for små og mellemstore virksomheder, der overvejer at etablere sig på offshore olie- og gasmarkeder i udlandet Maj 2010 r raporte e d n la kke Specifi d er.dk a lo n recent o Dow h s f f o www. Side 45 Markedsundersøgelse og analyse Danske kompetencer og udvalgte offshore olie- og gasmarkeder (engelsk) Offshore Center Danmark og Danperform Consulting Dansk Olie & Gas Internationalisering Håndbog for små og mellemstore virksomheder, der overvejer at etablere sig på offshore olie- og gasmarkeder i udlandet Maj 2010 Forfatter: Sigurd Bløndal, Danperform Consulting Godkendt af: Projektkoordinator Mahmoud Redda, Offshore Center Danmark Synopsis Denne håndbog beskriver på en overskuelig måde muligheder og udfordringer for danske virksomheder, der overvejer at etablere aktiviteter inden for offshore olie- og gassektoren i udlandet. Håndbogen er ét af en række målrettede initiativer for at internationalisere og professionalisere dansk offshoreindustri - forankret i udviklingsprojektet "Dansk Olie & Gas - Internationalisering". Udover den trykte håndbog offentliggøres supplerende materiale i form af rapporter om udvalgte eksportmarkeder samt den endelige rapport, som kan downloades på www.offshorecenter.dk. Udgiver Offshore Center Danmark Niels Bohrs Vej 6 6700 Esbjerg Telefon 36 97 36 70 www.offshorecenter.dk Ophavsretten for "International Offshore Oil & Gas Håndbogen" ligger hos Offshore Center Danmark og centrets medlemmer. Alle rettigheder forbeholdt. Oplysninger indeholdt i dette dokument er ejet af ovennævnte parter og er udleveret uden ansvar for fejl eller udeladelser. Ingen dele må reproduceres eller anvendes, undtaget som tilladt i henhold til kontrakt eller anden skriftlig tilladelse. Indholdsfortegnelse Forord - En hel verden foran dig.......................................7 Udvikling og udfordringer for dansk offshore. .............9 Dine eksportpartnere.......................................................36 Offshore Center Danmark – OCD......................................36 Dansk Offshore Industri – DOI...........................................36 Eksportrådet....................................................................37 Industrialiseringsfonden for Udviklingslandene – IFU..........37 Eksport Kredit Fonden – EKF............................................37 Dansk offshore på nye markeder. .................................11 Hvem handler det om?.....................................................11 Du skal være forberedt.....................................................12 Spændende markeder ud over landets grænse.........................................................12 Sådan er vi kommet frem til denne håndbog. .............38 Nyttige adresser................................................................39 Norge. ..................................................................................14 Grønland..............................................................................17 Brasilien...............................................................................23 Angola..................................................................................26 Markedsundersøgelse og analyse................................45 Danske kompetencer og udvalgte offshore olie- og gasmarkeder (engelsk) Nigeria..................................................................................29 Download Specifikke landeraporter på: www.offshorecenter.dk Mikroanalyse – "Intern effektivitet". .............................33 Implementering af strategier..........................................34 Bliv større udadtil. .............................................................35 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Forord - En hel verden foran dig Med “International Offshore Oil & Gas Håndbogen” ønsker Offshore Center Danmark at fokusere på de mange muligheder, danske virksomheder har for at skabe vækst ved at se mod udlandet. Der er nemlig fortsat masser af aktivitet i den internationale offshoreindustri – og nogle lande har så meget gang i offshoreaktiviteterne, at der ganske enkelt ikke er nok lokale leverandører at råde over. Andre lande har behov for teknikker, som danske virksomheder er eksperter i. Det giver muligheder for danske virksomheder. Det gælder blot om at have gjort hjemmearbejdet ordentligt, at fokusere på de rette markeder samt at have overskud til at etablere sig på nye markeder. Håndbogen er ét af en række initiativer for at internationalisere dansk offshoreindustri – forankret i udviklingsprojektet “Dansk Olie og Gas – Internationalisering”. Formålet med denne håndbog er at pointere de muligheder, der ligger ude i verden for små og mellemstore virksomheder - SMV’er - der allerede har etableret sig på det danske offshore olie- og gasmarked, og som måske allerede er i gang med internationale projekter. I håndbogen finder du værktøjer til udvikling af virksomheden, resultater fra markedsundersøgelse af SMV’er blandt Offshore Center Danmarks medlemmer og undersøgelser fra de fem lande, der af Offshore Center Danmark er udpeget som særligt interessante. Fokus i denne håndbog har været på offshore olie- og gasaktiviteter inter- nationalt og knyttes på den måde til leverandørernes behov for nye udfordringer. Udviklingsværktøjer, der beskriver, hvordan man kan forberede virksomheden til vækst, er dog uden industrielle grænser og for den skyld ikke begrænset aktører i internationalt humør, og kan bruges ved alle overvejelser om virksomhedsudvikling. Internationaliseringsprojektet er udført i samarbejde med Dansk Offshore Industri, Eksport Kredit Fonden, Industrielfonden for Udviklingslandende, Udenrigsministeriet - hvor hovedaktøren er Eksportrådet, Esbjerg Erhvervsudvikling samt Danperform Consulting. Repræsentanter fra disse organisationer samt Offshore Center Danmark indgår i en styregruppe, der agerer som rådgivere for projektet. Endvidere har netværksgruppen International, bestående af medlemmer af Offshore Center Danmark, været en meget vigtig sparringspartner og inspirationskilde til projektet bag denne håndbog. Disse organisationer har været med i internationalgruppen: • • • • • • • • • • • • • • • • • Crew Supply Danperform Consulting Dansk Scanning A/S DAT A/S Hydropower A/S HH Consult A/S IAT Base & Energy ISC Consulting Jacob Albertsen A/S JEVI A/S Kursuscenter Vest Ocean Team Scandinavia A/S Olesen & Jensen A/S Rolf Schmidt Industriplast A/S Tschudi Shipping A/S Svitzer Safety Services A/S Sencon A/S Markedsundersøgelsens resultater indeholder besvarelser fra de 98 organisationer, der deltog i undersøgelsen. Disse spørgsmål var fordelt i følgende kategorier: • • • • • • • • • Kernekompetencer Kernemarkeder Geografisk område Industrielt område Erfaring med eksport Virksomhedsudvikling Klyngesamarbejde Vækststrategier Eksportstrategier Besvarelserne viser virksomhedernes kompetencer inden dette område, samt deres holdninger til videre vækst og udvikling. Offshore Center Danmark Dansk Olie og Gas - Internationalisering Efterfølgende er der i håndbogen en beskrivelse af de fem markeder, der har været undersøgt: Norge, Grønland, Brasilien, Angola og Nigeria, samt enkelte udtalelser fra danske aktører i udvalgte lande. Markederne er beskrevet med hensyn til SMV’ernes behov for information, om det ville være til deres fordel at overveje indtræden på bestemte markeder. Når virksomheden har undersøgt mulighederne på de udenlandske markeder og kommet frem til, at det kunne være lukrativt at operere der, er det tid til at finde vejen derhen. Der kan de forskellige organisationer, der har været nævnt som medlemmer af projektets styregruppe, være en rigtig god sparringspartner. Disse har skrevet deres historie som succesfulde værktøjer på vejen ud i verden. Håndbogen indeholder også en grundig beskrivelse af, hvordan man kan benytte disse organisationer. Hele markedsundersøgelsen inklusive analyse samt rapporter fra de fem markeder er tilgængelige som bilag til håndbogen via download på www.offshorecenter.dk. Projektgruppen vil gerne rette en særlig tak til de mange, der har afsat deres tid og videnskab undervejs i projektets forløb. Førnævnte styregruppe samt internationalgruppen har ydet den største indsats i projektet med vigtig rådgivning, deltagelse i den eksplorative undersøgelse, supplerende materiale, forelæsninger og erfaringshistorier. Associerende professorer ved Syddansk Universitet, Svend Ole Madsen og Villy Søgaard takkes for deres vigtige indsats til metoder omkring markedsundersøgelse samt gode råd omkring strategier til projektudviklingen. Eksportrådgivere ved ambassaderne i Norge og Sao Paulo får en særlig tak for udmærket samarbejde ved fremstilling af markedsrapporter fra deres områder. Også tak til Jens K Lyberth og Ellen Lerch Høj Arnskjold ved Grønlands arbejdsgiverforening for sparring og fremskaffet mandskab til udførsel af markedssituationen der samt informationsmateriale. Udvikling og udfordringer for dansk offshore I takt med udvikling af nye og mere effektive teknologier har nye virksomheder fået fodfæste i branchen og har medvirket til at udvikle specialteknikker og bidrage med yderligere ekspertise. Antallet af nicheprægede virksomheder inden for offshoresektoren er steget markant, og danske leverandører har oparbejdet unikke kompetencer på en række vigtige forretningsområder, herunder olie- og gasindvinding fra vanskeligt tilgængelige felter, optimeret udnyttelse af felterne, konkurrencedygtige platformløsninger og teknikker til indvinding på ultradybe felter - alt kombineret med stor omkostningsbevidsthed og fokus på sikkerhedsmæssig- og miljømæssig bæredygtighed. Danske aktører har eksempelvis opnået internationalt ry for effektivitet i udvinding af disse værdifulde naturressourcer, blandt andet ved overtagelse af brønde, der af andre operatører er opgivet eller betragtet som alt for kostbare og besværlige at udnytte. Siden har danske operatører været i stand til at udnytte felterne og drive dem som indbringende forretning. Danske leverandører står dog over for en betydelig udfordring på hjemmemarkedet. Produktion fra Nordsøen havde således sit højdepunkt i år 2004 for olie og år 2005 for gas, siden er produktionen faldet gradvist. Udvikling og Produktion Afvikling og Sanering Efterforskning og Prøveboringer Efterforskning, Overfladeundersøgelse og Seismistiske operationer Efterforskning og Produktion Transport og Distribution Raffinering Transport og Markedsføring Downstream Potentialet for vækst er således begrænset på hjemmemarkedet, hvis man udelukkende ser på mængden af produceret olie og gas. Andre faktorer som teknisk udvikling, prisudsving og general efterspørgsel vil naturligvis have indflydelse på, hvordan leverandørerne skal strukturere og udvikle deres virksomheder. Efterspørgslen efter optimale produkter og tjenester inden for denne industri er meget høj, hvilket har ført til at mange af disse virksomheder fokuserer på udvikling af produktsortiment med avanceret konkurrencedygtighed. Disse kompetencer kan eksporteres til internationale markeder, og på verdensplan ser udviklingsmulighederne helt anderledes positive ud. Denne håndbog har til formål at påpege potentialer, hovedsageligt inden for upstream aktiviteter (udvinding; se figur) for leverandører til olie- og gasindustrien blandt Offshore Center Danmarks medlemmer - på fem internationale markeder. Håndbogen omfatter også en analyse af de danske virksomheders kompetencer, som kan eksporteres til disse udenlandske markeder. De markeder, der har været analyseret - Norge, Grønland, Brasilien, Angola og Nigeria - anses for at være interessante for danske leverandører inden for industrien under hensyn til geografisk afstand og historiske forbindelser, eller på grund af vækstmuligheder inden offshore olie- gassektoren. Upstream Den 8. juli 1962 gav den danske regering skibsreder A.P. Møller eneretsbevilling på efterforskning og indvinding af olie og gas fra Danmarks undergrund. Det blev starten på snart 50 års erhvervseventyr, som med årene er blevet større og større, og fra at være koncentreret om få leverandører til få olieselskaber er industrien med årene vokset til at være en af de største industrier i Danmark målt på omsætning. Markedsføring Offshore Center Danmark Dansk Olie og Gas - Internationalisering 10 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Dansk offshore på nye markeder På trods af gode forretningsmæssige resultater må den danske offshore olie- og gasindustri stadig konstatere, at branchen internationalt set lever relativt anonymt. Hos den internationale olie- og gasindustri er de danske kompetencer til dels ukendte. Denne relative anonymitet medfører, at gode forretningsmæssige potentialer kun vanskeligt lader sig udnytte. fundet og kontraheret som leverandør. En af grundene til dette er et manglende målrettet samarbejde hos den danske offshore olie- og gasindustri om eksport og salg af deres unikke kompetencer. Målet med denne håndbog er en målrettet udbredelse af kendskabet til danske offshore olie/gas kompetencer i alle relevante internationale sammenhænge og fora, med henblik på øget eksport af dansk offshore olie- og gasteknologi. Indholdet i denne håndbog har særlig fokus på små og mellemstore virksomheder - SMV’er - der i en eller anden grad har opnået succes på det danske marked for offshoreteknologi. Det vil sige, at virksomheden i forvejen tilbyder produkter, rådgivning eller service, der efterspørges i branchen. Spørgsmålet er blot: hvordan kommer virksomheden videre med disse kompetencer? Dansk offshore olie- og gasindustri har de sidste 20 år opnået unikke kompetencer på en række vigtige områder, herunder: olie- og gasindvinding fra vanskeligt tilgængelige felter samt teknik til effektiv udnyttelse af felterne, konkurrencedygtige platformløsninger, alt kombineret med stor omkostningsbevidsthed og fokus på sikkerhedsmæssig- og miljømæssig bæredygtighed. Disse kompetencer er i for ringe udstrækning kendt og solgt i udlandet. Dansk offshore køber sig ind på de internationale markeder, men bliver for sjældent Hvem handler det om? Med håndbogen håber vi, du og virksomheden føler jer bedre klædt på til - på et kvalificeret grundlag – at træffe de rigtige beslutninger om at satse på internationale markeder. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 11 Du skal være forberedt De fleste virksomheder vil gerne vokse yderligere og opnå øgede markedsandele. Faktisk er det afgørende for virksomhedens fremtid løbende at søge nye udfordringer, ikke mindst i kølvandet på en global finansiel krise og fordi virksomhedens nuværende marked kan have ændret sig. Derfor er det vigtigt at være i stand til at indtage nye markeder. Der findes forskellige måder til udvikling af virksomheden, hvor hovedområderne i værdikæden forklares efterfølgende: • Leverandørsiden • Produktionskapacitet • Markedet Spændende markeder ud over landets grænse Ifølge markedsundersøgelsen ønsker omkring 80% af de adspurgte virksomhedsledere at føre virksomheden videre ud i verden. Norge fremhæves som det land, hvor de fleste har interesse i at eksportere til - primært på grund af kort geografisk afstand samt sammenfaldende kulturer. De fleste af respondenterne nævner således kultur som den væsentligste udfordring, når man forsøger at markedsføre sine produkter i udlandet. Hvis man følger ”Destination stien” på illustrationen, kan man begynde med at kigge ud over landets grænser og undersøge, om der er potentiel marked derude for virksomhedens produkter. Det har i forvejen, fra Offshore Center Danmarks side, været besluttet at sætte fokus på Norge, Grønland, Brasilien, Angola og Nigeria. Landeanalyserne kan indikere, hvilke af disse markeder kan være mest tiltrækkende, og hvilke kompetencer der efterspørges i disse lande. Destination stien Mængde Ønsket markedsandel KS Klyngesamarbejde Strategier implementeret SI Intern effektivitet IE Ekstern analyse EA Nuværende markedsandel Denne håndbog indeholder værktøjer til SMV’erne til brug for udvikling af virksomheden. I første omgang handler det om at undersøge, hvor markedsmulighederne ligger og efterfølgende finde ud af, om virksomheden har kompetencer til at opfylde efterspørgslen. Senere skal der implementeres strategier, som matcher virksomhedens kompetencer og markedets efterspørgsel. Uden implementering af de tilpassede strategier kommer virksomheden ikke videre. Det indebærer også, at hele organisationen er med i disse nye strategier, dvs. at medarbejderne kender virksomhedens mål og hvordan målene opnås. Medfølgende graf kan vise vejen og bruges til formulering af organisationens milepæle: Handling proces Status quo Nu 12 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Fremtid Tid Source: S Bløndal Fakta ark 2010 Danmark Norge Grønland Brasilien Nigeria Angola Målingsenhed Olie - reserver 1) (eksl. DK4)) 1,26 6,68 12,18 36,20 9,50 billion bbl Produktion pr. dag 0,29 2,47 2,40 2,17 2,02 million bbl/day 10 8 19 42 14 Naturgas - reserver 1) 3,78 81,70 13 184 10 trillion cubic feet Årlig produktion 30 3.500 466 1.204 24 billion cubic feet 13 23 28 153 42 1) R/P ratio 2) R/P ratio 1) 1) Antal indbyggere 2) 5.500.510 4.660.539 57.600 198.739.269 149.229.090 12.799.293 BNP pr. indbygger USD 36.000 58,600 35.400 10.200 2.400 8.900 I danske kroner 6) 207.317 337.466 203.862 58.740 13.821 51.253 -4,30% -1,00% 1,50% -0,20% 5,00% -0,60% Geografisk størrelse 1000 m 43.094 323.802 2.166.086 8.514.877 923.768 1.246.700 Korruption omfang indeks (CPI) 5) 9,3 8.6 NA 3.7 2.5 1.9 Måling ud af 180 lande 6/180 11/180 NA 75/180 130 /180 162/180 BNP realvækst 2) 2 1) www.eia.doe.gov 2) www.cia.gov 3) www.upstreamonline.com 4) www.ens.dk 5) www.transparency.org 6) www.nationalbanken.dk (05/05/2010) US-Trillion = DK - Billion / US - Billion = DK - Milliard En tønde råolie eller andre petroleum produkter (forkortet bbl) er 158,97 liter (42 US gallon eller 35 Imperial gallon) Ovenstående ”fakta ark” indikerer størrelsen på disse markeder, forventet tid til udløb af ressourcer m.m. Disse udregninger kan benyttes som vurdering af, hvor mange år en dansk leverandør kan forvente at sælge sine produkter til olie- og gasindustrien i bestemte lande, og hvor store investeringer det kan betale sig at binde sig an med. R/T ratio kan ændres ved opdagelser af nye bekræftede ressourcer. Man skal være opmærksom på, at nye markeder man ikke kender, også bringer en del usikkerhed. Disse faktorer er blandt andet: • • • • Et fremmed og dermed muligvis usikkert politisk klima En anden forretningskultur og andre sædvaner Økonomisk usikkerhed Juridisk usikkerhed Offshore Center Danmark Dansk Olie og Gas - Internationalisering 13 Norge Med sine knapt 5 million indbyggere betegnes Norge som det rigeste land i verden, ikke mindst på grund af indtægter fra olie- og gasindvindingen i Nordsøen. Man forventer, at Norge kan fastholde sin produktion det kommende årti, men der skal investeres i forskning og nye prøveboringer, hvis man skal gøre sig håb om at oppebære produktionen yderligere. Norge har heller ikke i samme grad som i Danmark haft behov for at udnytte marginale felter, og netop på dette område har danske leverandører betydelig ekspertise. Norge råder formentlig også over de største gasreserver i verden, idet man vurderer, at der i Barentshavet nord for Norge findes felter med over totusind billiarder Nm3 gas – hvilket betyder enorme udviklingsmuligheder til gavn for leverandører i branchen. Olie- og gassektoren er et varmt politisk emne i Norge. Ikke kun på grund af sektorens store betydning for den norske økonomi, men også på grund af de konsekvenser, øgede olie- og gas aktiviteter kan have på de arktiske områder og den overordnede miljømæssige situation. Udvikling af regioner som Barentshavet og Norskehavet bør ske i samarbejde med Rusland i et forsøg på at skabe den bedste miljøovervågning og olienødsituationsberedskab i verden. 14 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Norge SWOT analyse - Norge Styrker Svagheder ► Kort fysisk og kulturel afstand til markedet ► Nogle siger, at de resterende ressourcer er knappe ► Lang historie af danske leverancer til Norge ► Regeringens dilemma i forbindelse med miljø- og fort- satte olie- og gasproduktion. ► Som olie- og gasnation, så er Norge meget transparent ( lavt niveau af korruption) ► Veletableret marked med stor national betydning ► Etablerede teknologier, som er kendt over for danske leverandører ► Vekselkursen mellem NOK og DKK (danske produkter og tjenesteydelser bliver dyrere) ► Lavere investeringsniveau og outsourcing af projekter ► Etablering af virksomhed er forholdsvis nem og ikke præget af bureaukrati Muligheder Trusler ► Gasproduktionen kunne overtage i det lange løb ► Usikkerhed om, hvilke områder der skal åbnes for udforskning ► Regerings vilje til åbning af nye forskningsområder ► Miljøorganisationer forsøger at forhindre yderligere udforskning ► Niveauet i olieprisen (hvis over 70 USD) ► Øged kost fokus blandt operatører og førende leverandører, der tvinger projekter til lave omkostningsniveauer. ► Tilstedeværelsen af det danske eksportråd i forbin- delse med den danske ambassade, som styrer og fremmer danske selskaber i Norge ► På grund af gamle rigge og andre anlæg; vedligehol- delse og fjernelse af disse vil være et voksende marked i de kommende år ► Forøgelse af værdien af den norske krone over for den danske krone ► Niveauet i olieprisen (hvis denne er under USD 60) ► Operatørernes krav der gør det vanskeligere at træde ind på markedet ► Teknologiske udfordringer ► Lokal konkurrence ► Faldende værdi af den norske krone over for den danske krone ► Fremtidige fagområder ► Teknologiske udfordringer Gennem grundig evaluering og overvågning af de forskellige norske kystområder vil regeringen beslutte, hvilke områder bør forblive råoliefrie, og hvilke der bør åbnes for industrien. Ifølge nuværende prognoser med udregning af det såkaldte R/P ratio - der indeholder forventede ressourcer divideret med nuværende årsproduktion - forventes det, at olien i Norge slipper op om 8 år, og at gasproduktion kan holde de kommende 22 år. Produktionen kan dog forlænges, både på grund af udsigten til nye og endnu uudnyttede felter samt teknisk udvikling og effektivisering af udvindingen. Markedet Achilles leverandør At være kvalificeret som Achilles leverandør er ikke et absolut krav, hvis du ønsker at blive leverandør til den norske olie- og gasindustri. Omkostningerne forbundet med at være kvalificeret kan også forekomme store for nogle virksomheder. Dog kan netop Achilles kvalifikation være en måde at lette adgangen til kontrakter inden for olie- gasindustrien, idet nogle af de vigtigste aktører i branchen nøje holder øje med, leverandøren er kvalificeret i Achilles. I den forstand kan kvalifikation i Achilles systemet forkorte processen for at vinde leverandør kontrakter. Norge har en stor, men moden og stærkt konkurrencepræget upstream olie- og gassektor, hvor mange af de vigtigste nationale og internationale operatører og leverandører er placeret. Downstream markedet er lille, åben for konkurrence og dereguleret. Levering til upstream aktiviteter, der er forbundet med eksploration (udforskning) og udvinding af olie og gas, repræsenterer klart det største potentiale i den norske olie- og gasindustri. Men debatter om at udvikle nye og fjerntliggende områder i nord kan også medføre en lukrativ foretning inden for raffinering og distribution i de kommende år. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 15 Olieproduktion har været den dominerende produktion på den norske kontinentalsokkel siden starten i begyndelsen af 1970erne. I de seneste år har produktion af naturgas overtaget en stigende del af den samlede produktion i Norge, og skøn for den fremtidige produktion forudsiger, at gas kan blive det vigtigste produkt hentet fra den norske undergrund. Troen på naturgas i Norge betyder, at flere af de største internationale olie- og gasproducerende virksomheder har langsigtede investeringsplaner for den norske kontinentalsokkel for at blive befriet fra deres afhængighed af andre mere usikre markeder. Den norske stats intervention i olie- og gasindustrien kan ses som både styrke og svaghed. Selvom meget er påvirket af den norske stat og regeringens beslutninger vedrørende udforskningslicenser, har den norske olie- og gasindustri altid været kendt som en retfærdig og juridisk forsvarlig industri, der ikke har bøjet sig for korruption og andre former for svindel. Den sikkerhed giver et godt grundlag for den norske olie- og gasindustri at komme til tops og forblive en af de mest attraktive oliebrancher i verden. Ekspertudtalelser om, hvornår de eksisterende olie- og gas ressourcer vil løbe tør, er forskellige, og skøn ligger i intervallet fra 8 til 40 år. Mulighederne er store, hvis industrien formår at udvikle mere effektive metoder til at udvinde olie i forhold til i dag. Også de nordlige regioner omkring områder som Lofoten og det arktiske hav repræsenterer store, men stadig usikre muligheder for den norske olie- og gasindustri, hvor det også er en stor udfordring at overbevise de lokale indbyggere og politikere, at miljøet ikke vil blive påvirket. 16 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Grønland Råstofdirektoratet har beskrevet en række arbejdsopgaver, serviceydelser mv. som vil udgøre de forventelige erhvervsmæssige muligheder for virksomheder i forbindelse med olie- og gasaktiviteter og minedrift i Grønland. Listerne skal ikke opfattes som udtømmende, men indikerer, hvor der er muligheder for at opnå kontrakter. Grønland Det er karakteristisk for alle påtænkte råstofprojekter, at de vil kræve deres egen infrastruktur i form af lokale vejanlæg, udskibningsfaciliteter, bygninger til administration, vedligehold og inkvartering af medarbejdere og i nogle tilfælde en airstrip. I opbygningsfasen vil efterspørgslen således være meget bredere end traditionel offshoreteknologi, det giver mulighed for mange typer leverandører. På enkelte projekter er det imidlertid uafklaret, i hvilket omfang det er det grønlandske hjemmestyre eller for eksempel olieselskabet, som skal være ansvarlig for anlæggelsen af infrastruktur. Hjemmestyret har desuden besluttet, at licenshavere skal ansætte arbejdskraft fra Grønland eller Danmark, såfremt kvalificeret arbejdskraft er til rådighed. Licenshaver skal som udgangspunkt benytte sig af grønlandske virksomheder, med mindre disse ikke er teknisk eller økonomisk konkurrencedygtige. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 17 Råstofdirektoratet vurderer, at erhvervsmulighederne for blandt andet grønlandske virksomheder primært vil være i opgaver vedrørende serviceydelser til de internationale olie- og gasselskaber. Råstofdirektoratet har selv defineret en række erhvervspotentialer, som vedrører de definerede faser i olie- og gasaktiviteterne: efterforsknings-, udbygnings/konstruktions-, produktions- og afviklingsfasen i tabellerne nedenfor. Aktiviteter i efterforskningsfasen (min. 10 år) Transport Aktiviteter i udbydningsfasen (3-5 år) Transport ► Helikopterservice ► Transport af mandskab og materiel ► Flytransport af mandskab og materiel ► Charter af både ► Charter af både ► Kran- og truckarbejde Anlæg ► Anlæg ► Montering af produktionsudstyr ► Opførsel af indkvarteringsmuligheder Opførsel af lejre Serviceydelser Serviceydelser ► Mandskabsservice ► Mandskabsservice ► Catering ► Catering ► Havneydelser ► Havneterminalopgaver ► Varehandel ► Uddannelse af personale ► Etablering af telekommunikation ► Hotelvirksomhed ► Etablering af telekommunikation ► Affaldshåndtering ► Vandforsyning Sikkerhed ► Hydrografisk og meteorologisk dataservice ► Beredskabstjeneste Administration Sikkerhed ► Hydrografisk og meteorologisk dataservice ► Beredskabstjeneste ► Kontrol af sikkerhed, sundhed, miljø og kvalitet af produk- tionsfaciliteter Administration ► Myndighedsbehandling ► Miljørådgivning ► Myndighedsbehandling ► Fiskerilicenskontrol ► Miljørådgivning ► Kommunikationsvirksomhed ► Fiskerilicenskontrol ► Advokatvirksomhed ► Revisionsvirksomhed 18 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Aktiviteter i produktionsfasen (30-50 år) Transport Administration ► Myndighedsbehandling ► Miljørådgivning ► Sø-og lufttransport til og fra produktionsfacilitet ► Fiskerilicenskontrol ► Charter af både ► Kommunikationsvirksomhed ► Advokatvirksomhed ► Revisionsvirksomhed Anlæg ► Montering af produktionsudstyr ► Vedligeholdelse af elektriske installationer ► Måling af produktionsfacilitet ► Vedligeholdelse af hovedgenerator og tubine ► X-mas Tree service (ventilenhed placeret på brøntop ► Single anker loading ► Kranservice ► Vedligeholdelse af ventiler, kompressorer og pumper Serviceydelser Aktiviteter i afhandlingsfasen (3-5 år) Transport ► Sø-og lufttransport til og fra produktionsfacilitet ► Charter af både Anlæg ► Ingen ► Catering ► Havneservice ► Uddannelse af medarbejder ► Forsyning af produktionsfaciliteter ► Catering ► Drift af nærlager ► Havneydelser ► Varehandel ► Varehandel ► Vask og forsyning af arbejdstøj ► Vagt- og adgangsforhold ► Kemikalieforsyning ► Gasforsyning ► Etablering af telekommunikation Sikkerhed ► Hydrografisk og meteorologisk dataservice ► Beredskabstjeneste ► Kontrol af sikkerhed, sundhed, miljø og kvalitet af produk- tionsfaciliteter ► Sikkerhedstræning ► Offshore sygeplejeservice ► Vedligeholdelse af redningsflåde Serviceydelser Sikkerhed ► Beredskabstjeneste ► Kontrol af sikkerhed, sundhed, miljø og kvalitet af produk- tionsfaciliteter ► Sikkerhedstræning Administration ► Myndighedsbehandling ► Miljørådgivning ► Kommunikationsvirksomhed Offshore Center Danmark Dansk Olie og Gas - Internationalisering 19 Adgangen til markedet Den grønlandske mineral- og kulbrintelovgivning fastslår, at grønlandske virksomheder har en vis fortrinsret til opgaver i relation til råstofudvinding, for så vidt de er konkurrencedygtige på pris og kvalitet. Der er derfor en vis “forhåndsbarriere” for adgangen til dette marked. Det vurderes dog, at der vil være mange opgaver, som ikke kan løses af grønlandske virksomheder, eller hvor grønlandske virksomheder vil søge samarbejdspartnere for at kunne byde på opgaver. I både opbygnings- og driftsfaser på forskellige projekter, vil der efterspørges en række underleverancer, som kan være specialiserede, og hvor der vil være behov for ydelser, som ikke kan leveres fra Grønland - for eksempel vedrørende udstyrsleverancer, vedligehold, forskellige miljøydelser mv. På disse områder vil der være potentiale for danske virksomheder. Operatørerne på både mineral-, olie- og gasområdet vil fokusere på leveringssikkerhed og driftssikkerhed og vil derfor normalt ikke være motiverede for at skifte leverandør. Især på infrastrukturløsninger, byggeri, lettere service (catering, forsyning m.v.) til råstofområdet kan der på længere sigt komme flere lokale udbydere, som opbygger den efterspurgte kompetence og kapacitet. Der er fortsat usikkerhed om markedets størrelse og dermed om, hvor mange projekter, der reelt kommer i drift. Leverandørerne må derfor leve med usikkerhed om deres forretningsgrundlag, hvilket er en udfordring og kan fordyre processen med at komme ind og ud af markedet. Substituerende eller komplementerende ydelser Købernes markedsmagt Der er få eller ingen reelle muligheder for at erstatte behovet for leverancer til råstofområdet med andre løsninger. I det omfang, der sker en fortsat udvikling af råstofsektoren, vil der også være efterspørgsel efter leverandører til sektoren. Denne situation forventes ikke at ændre sig på længere sigt. Leverandørernes markedsmagt På en række nicheområder (udstyr, lokal transport mv.) er der få og relativt velkendte aktører, og de nuværende leverandører på disse markeder behøver normalt ikke at frygte helt nye aktører. 20 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Operatører på råstofområdet vil indledningsvist være bundet af, at lokale leverandører har en fortrinsret. I det omfang grønlandske leverandører ikke kommer i betragtning, vil markedet være mere åbent. På mineralområdet er mange projekter beliggende så afsides, at der reelt ikke er geografiske fordele for lokale entreprenører. Det gælder særligt i opbygningsfasen, hvor meget materiel vil skulle sejles til mineområdet. Her vil leverancer fra store dele af Europa og Nordamerika kunne komme ind i billedet. I en driftsfase vil køberens markedsmagt begrænses af, at der på nuværende tidspunkt er få leverandører at vælge imellem. Konklusion på markedsanalysen På længere sigt vil et stigende antal opgaver på råstofområdet tiltrække flere leverandører og dermed øge muligheden for, at operatørerne kan skifte leverandører - det gælder både for projekter i etableringsfasen og i driftsfasen. Rivalisering om markedet Markedet for leverancer til råstofsektoren er pt. lille, men forventes at vokse. Det nuværende marked er derfor præget af få aktører og dermed begrænset konkurrence. Der er store krav til leverandørerne om kapacitet og sikre logistikløsninger for at kunne agere på markedet. For de virksomheder, som har kapacitet, må det på nuværende tidspunkt vurderes, at der er begrænset rivalisering om markedet. Der er et stort potentiale for råstofudvinding i Grønland, men det er fortsat usikkert hvor mange projekter, der bliver realiseret og på hvilke tidspunkter. Usikkerheden kan betyde, at konkurrenter vil tøve med at etablere sig på det grønlandske marked, fordi etableringsomkostningerne vurderes som høje. På nuværende tidspunkt må markedet for leverancer til råstofsektoren fortsat regnes som usikkert. En række af de potentielle mineprojekter vil størrelsesmæssigt ligne den nuværende mineaktivitet, men hvis der inden for eksempel en femårig tidshorisont sker en realisering af både en række planlagte mineprojekter og etablering af yderligere olie- eller gasaktiviteter, vil der være tale om en voldsom forøgelse af markedet. En sådan udvikling vil betyde et kraftigt kapacitetspres på både kvalificeret arbejdskraft og leverandørsiden til sektoren og vil derfor åbne for et meget stort marked. For projekter i opbygningsfasen vil markedet især være inden for anlæggelse af veje, bygninger, havnefaciliteter, transportopgaver levering og servicering af entreprenørudstyr m.v. I en driftsfase vil de mest oplagte markedsmuligheder være inden for transport, vedligeholdelse/servicering af materiel, interne serviceopgaver, sikkerhedsog kvalitetssikring, generelle entreprenøropgaver m.v. Kilde: COWI rapport, juni 2009 Ved kraftig øget aktivitet på råstofområdet, kan det forventes, at et stigende antal lokale aktører bliver aktive og får kapacitet til at levere til markedet, men ved åbning af flere store mineprojekter og evt. Alcoa-projektet, vil det største problem være manglende kapacitet til at etablere og servicere sektoren. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 21 SWOT analyse - Grønland Styrker ► Nogle af verdens største olieselskaber har allerede fået tildelt licenser til undersøgelsesboringer. I den forbindelse ventes 18 milliarder kroner at blive investeret inden for en tiårig periode ► Grønlandske virksomheder er vant til at arbejde sammen med danske virksomheder ► Danskere har generelt godt kendskab til grønlandske forhold og konkurrencemæssige fortrin i forhold til andre virksomheder ► Et marked i vækst giver mulighed for nye leverandører ► Det grønlandske samfund er moderne med et stabilt politisk system og velfungerende transport og kommunikations infrastruktur Svagheder ► Manglende infrastruktur egnet for olie- og gasaktiviteter vanskeligt at servicere offshore installationer ► For danske virksomheder er der lang transport. Det øger CO2 udledningen ► Isforekomster, perioder med lange mørkeperioder samt generelt barsk klima ► Leveomkostninger er høje i forhold til andre områder med olie- og gas offshore aktiviteter ► Manglende CO2 kvoter – operatører må købe kvoter på det globale marked for CO2 kvoter ► Højt omkostningsniveau – gør det mere vanskeligt at opnå profitable projekter ► Små lokalsamfund i fjerne egne med lang transporttid til nærmeste by ► Meget begrænset arbejdsstyrke – 28.243 personer pr. januar 2009 Muligheder Trusler ► Gode projektmuligheder inden for danske offshorevirksom heders kernekompetencer, eksempelvis forsynings- og serviceskibe, transport af olie og gas samt boreteknologi ► Prisudviklingen. Stigende og faldende oliepriser kan have enorm indflydelse på olieselskaberne nuværende og fremtidige investeringsplaner ► Eksport af specialviden til Grønland ► Miljømæssige temaer, globalt pres på at reducere CO2 udledning ► Investeringer i teknologi til opsamling og lagring af CO2 for at imødekomme fremtidens øgede fokus på miljømæssige faktorer – dansk ekspertise ► Behov for teknisk og akademisk ekspertise samt specialudstyr ► Nye krav til miljø- og produktionsmæssige teknologier tilpasset forholdene på Grønland ► I forbindelse med kommende, positive prøveboringer bliver der et enormt behov for produktionsfaciliteter og infrastruktur. Behov for den danske arbejdsstyrke af specialuddannede samt ekspertise. Det er mest sandsynligt, at produktion installationer bliver konstrueret uden for Grønland og siden bugseret frem til produktionsstedet ► Hvad gør Grønlands hjemmestyre for at tiltrække virksomheder. Mulighed for favorable skatteforhold? ► Investeringer i gasledninger til Canada eller transport af LNG. Største vækst i efterspørgslen efter gas de seneste år (afhænger af mængden af udvundet olie og gas) ► Behov for udenlandsk arbejdsstyrke på grund af Grønlands beskedne arbejdsstyrke 22 Offshore Center Danmark Dansk Olie og Gas - Internationalisering ► Vil Grønland blive fritaget for at leve op til nye klimaaftaler? ► Miljøorganisationer – grønlandske farvande er hjemsted for mange sjældne dyrearter ► Mulighed for konflikt mellem lokale fiskere/jægere og olieselskaberne ► Bliver oliefelterne kommercielt bæredygtige? Olie og gas, tung olie eller let olie Brasilien Brasilien Den brasilianske olie- og gassektor har udviklet sig voldsomt siden 1997, hvor det statslige olieselskab Petrobras mistede sit monopol. Over de efterfølgende 12 år har de fleste store multinationale olieselskaber engageret sig i Brasilien, som blev nettoeksportør af olie i slutningen af 2007. I 2007 opdagede Petrobras det første store præ-salt oliefelt, Tupi feltet, med anslået 5-8 milliarder tønder olieækvivalenter. Opdagelsen kan potentielt gøre Brasilien den 5. største olienation i verden, med et skøn på op til 114 milliarder tønder oliereserver. 31. august 2009 sendte den brasilianske regering et nyt regulerende forslag til senatet, som - hvis det bliver vedtaget - vil ændre hele markedets struktur i præ-salt området. Hvor nationale og internationale olieselskaber hidtil har budt på koncessionsrunder vi de fremover vinde retten til at drive det specifikke område, og eje den olie, de finder til gengæld for at betale afgifter til den lokale stat. det nuværende koncessionsrundesystemet. En væsentlig faktor for de nye love er oprettelsen af et nyt statsligt olieselskab, Petrosal, som har til formål at forvalte præ-salt reserverne. Det nye regulativ vil indføre fire nye lovgivninger, som - hvis det bliver vedtaget - vil indføre en “fælles produktionsordning”, der erstatter Forventningerne til den brasilianske olie- og gassektor er meget optimistiske, ikke mindst på grund af Petrobras investeringsplan på Markedsforventninger Offshore Center Danmark Dansk Olie og Gas - Internationalisering 23 USD 200 - 220 milliarder i perioden 2010-2014, blandt andet 63 skibe og platforme. Det forventede brasilianske output for 2009 er 2,51 mio. boe/d op fra 2,18 millioner i 2008. Med en forventet 7,5% årlig stigning i produktionen, vil Petrobras producere 5,18 mio. boe/d i 2020 i gennemsnit. Muligheder for danske leverandører Da det ultradybe Tupi felt i præ-salt området har forårsaget de største investeringsplaner i landets historie, har det også gjort Brasilien til et af de mest interessante og lovende markeder for den danske offshore industri. Markiedet er ganske enkelt så stort, at Brasilien får stor behov for at benytte udenlandske virksomheder for at kunne udnytte oliereserverne. Som en måde at illustrere de muligheder og trusler for danske leverandører og underleverandører som ønsker at komme ind på det brasilianske marked, har det danske generalkonsulat i Sao Paulo, udarbejdet en simpel SWOT-analyse: SWOT analyse - Brasilien Styrker Svagheder ► Enorme reserver (høj R/P - ratio) ► ► Førende O & G udvikling i global sammenhæng • Red Tape infrastruktur ► Ingen restriktioner på erhvervsetablering • Ineffektiv regering • Komplekse skatteforhold • Langsom toldbehandling ► Bureaukrati: Geografisk afstand fra DK Muligheder Trusler ► Valutaudvikling ► Offentlig adgangsbarriere ► Repetro told regime ► Monopol virksomhedskultur ► EKF låneordning ► Høje toldsatser ► Betydelige lave renter ► Korruption ► Behov for veluddannet arbejdsstyrke ► Kultur og sprogforskel ► Lokal agent ► Juridiske rammer og krav ► Dansk konsulat serviceydelser ► CADFOR ► Petrobas leverandør liste ► Infrastruktur i udvikling ► Udvindingsindustrien i vækst ► Enorme investeringer i brasilianske skibsværfter ► Petrobas miljøpolitik 24 Offshore Center Danmark Dansk Olie og Gas - Internationalisering ”Tænk globalt – handl lokalt” Interview mellem Peter Efland, Vicekonsul i Sao Paulo, og Niels Husted, administrerende direktør hos danske Rocktec, der er leverandør til den brasilianske offshore olie- og gasindustri. Hvilke barrierer ser du som de mest betydningsfulde for danske virksomheder med interesse i at etablere aktiviteter i Brasilien? “Det afhænger i høj grad af, hvilke typer produkter eller serviceydelser, man som virksomhed udbyder. Vores erfaring er, at det er meget vanskeligt at komme i gang. Det tog nogle år at få udpeget nøglepersoner og beslutningstagere og præsentere dem for vores løsninger. I vores tilfælde havde vi den fordel at tilbyde unikke løsninger, som lokale leverandører ikke kunne matche. Så i vores tilfælde var det mere et spørgsmål om at skabe opmærksom om vores virksomhed og at etablere netværk med de konstruktører og skibsarkitekter, der designer skibe og platforme”, fortæller Niels Husted, Rocktec”. ”Vi lykkedes med vores forehavende fra det øjeblik, skibsarkitekterne – som er underleverandører til Petrobras eller til et lokalt skibsværft - begyndte at indarbejde Rockwool i deres register over udbydere af isolation. Når først du når dertil, er du langt, og det vil være vanskeligt for konkurrenterne at tilbyde andre løsninger, idet det vil kræve, at allerede definerede specifikationer skal ændres. Samtidig er det vigtigt for os at have ører og øjne åbne på værfterne. Her er kodeordet ”personlig kontakt”. Vi har en lokal person i Rio med opgaven at fokusere på at netværke med værfterne”. Hvad er Rocktecs erfaring med Petrobars forhandlerliste? ”I første omgang troede vi, det var nødvendigt med en CRCC-godkendelse, så vi brugte tid og kræfter på at få en – hvilket er en langtrukken proces med et utal af dokumenter og indviklede procedurer. Endeligt, efter mere end et år, fik vi vores CRCC-godkendelse, men vi fandt siden ud af, at ingen nogen sinde spurgte efter den”. ”Vi forsynede flere af Petrobras platforme uden at skulle fremvise godkendelsen. Oprindeligt havde vi brug for yderligere 3-4 forskellige dokumenter, som skulle fornys hvert år, og Petrobras indviklede regler foreskrev, at vores direktør hver gang skulle underskrive dokumenterne, desuden skulle dokumenterne bekræftes af en notar i Danmark. Det betød i realiteten, at en af virksomhedens topfolk hvert år skulle til notaren og have bekræftet disse dokumenter”. ”Det var ikke nogen populær proces, så vi besluttede ikke at forny dokumenterne - og ingen har nogensinde bedt om at se dokumenterne. Det er muligt, at situationen afhænger af, hvilke produkter, virksomheden udbyder, men vores erfaring er, at den slags tilladelser er overvurderede og unødvendige”. Har du et godt råd til danske virksomheder med interesse i at levere til den brasilianske offshore olie- og gassektor? ”Hvis du ikke i forvejen har et godt netværk af kontakter, gælder det om at alliere sig med en lokalkendt agent, som kan åbne nogle døre for virksomheden. Eksempelvis kan man prøve at udpege en lokal agent eller en lokal virksomhed til at vise dig rundt og introducere dig til industrien. Hvis virksomhedens produkter er relevante, vil det ikke være vanskeligt at skabe kontakt til eksempelvis konstruktionsvirksomheder”. ”På det økonomiske område er det værd at bemærke, at import direkte til skibsværftet ikke er pålagt afgifter. Det opfattes muligvis som konkurrenceforvridning, men for os er det fint nok. Vi oplever, der er et ønske om lokal repræsentation, og nogle gange er det nødvendigt at fakturere gennem Rocktec for at give ordren et lokalt indtryk”. ”Den eneste kontakt til Petrobras, vi hidtil har haft, er til CENPES, som arbejder med design og specifikationer i projekterne. Med selve Petrobras har vi stort set ikke haft direkte kontakt – det er lidt som at forsøge at sømme en budding fast til væggen - som en politiker på et tidspunkt formulerede det”. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 25 Angola Råolie har været kommercielt udnyttet i Angola, siden de første onshore forekomster blev opdaget i 1955. Den angolanske olieindustri er derfor 10 år ældre end den danske. Sektoren er vokset hurtigt siden da - især efter 1980 fremmet af den vellykkede tiltrækning af store udenlandske investeringer og teknologisk ekspertise fra de store internationale olieselskaber. Produktionen forventes at komme mere og mere fra dybtvands offshore felter, med højere produktionsomkostninger og mere udfordrende teknologiske krav, eftersom fladere og mere udnyttede områder tættere på kysten gradvist aftager i udbytte. Angolas olieindustri synes at være en attraktiv investeringsmulighed, der tilbyder udenlandske selskaber gunstig geologi, lave driftsomkostninger, og konstruktiv fremgangsmåde for virksomhederne fra den angolanske regering. Påviste oliereserver i Angola er tredoblet i de sidste år og omkring 90% af Angolas regeringsindtægter kommer fra salg af olie. De fleste af reserverne er beliggende i Angolas offshoreblokke. Angolas råolieproduktion er mere end firedoblet i løbet af de seneste to årtier og ligger nu omkring to millioner tønder pr. dag. Angola udgør over 16% af den forventede vækst i globale mængder fra 2005 til 2010. Angolas nationale olieselskab, Sociedade Nacional de Combustíveis de Angola (Sonangol), blev oprettet i 1976 og blev eneforhandler for efterforskning og produktion i 1978. Sonangol arbejder med udenlandske virksomheder, både gennem joint ventures og ”production share agreements”, med finansiering af sin andel af produktionen ved hjælp af oliestøttede aftaler. De førende udenlandske olieselskaber, der opererer i Angola er ChevronTexaco, og Exxon Mobil, franske Total, britiske BP, UK/ hollandske Shell, og Italiens Agip/Eni Oil Company. Det mest aktive udenlandske olieselskab i Angola er ChevronTexaco (60% af den nuværende produktion) og Total (36%). Maersk Oil Angola og partnere har i 2006 indgået ”Production sharing agreements” med SONANGOL, hvor Mærsk Olie og Gas er den udpegede operatør og ejer 50% af arbejdsinteresserne. Fina Petroleos de Angola raffinaderiet i Luanda, et joint venture mellem Sonangol, Total og private investorer, råder over kapacitet for rensning af 39.000 tønder råolie pr. dag. Raffinaderiet producerer næsten alt af Angolas interne efterspørgsel af benzin, petroleum og flybrændstof, samt et lille mængde af produkter til eksport. Angola er ved at udvikle en ny 200.000 tønder/d raffinaderi i kystbyen Lobito der forventes at begynde operation nu i år (2010). CIA faktabogen viser at Angola råder over gasreserver på 269,8 billion kubikmeter pr. 01/01/2009. Hovedparten af naturgas, der er produceret i Angola, er ”flared gas”, og resten injiceres på ny til olieudvinding eller brugt i produktionen af flydende gas. 26 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Angola Angolas olie sektor er en vigtig drivkraft for landets økonomiske vækst og den politiske stabilitet. Offshoreområdet oplevede ikke mange afbrydelser i hele borgerkrigsperioden og tiltrak store udenlandske investeringer. Hele den angolanske olieindustri er med meget få undtagelser drevet af udenlandske selskaber. Mangel på lokale tjenesteydelser skaber nogle særlige udfordringer til olieindustrien. Disse udfordringer manifesterer sig som huller i den industrielle service, der er til rådighed i Angola, som på den anden side kan ses som muligheder for udenlandske aktører at komme ind på markedet. I denne forbindelse er de fem vigtigste muligheder blevet udvalgt som de største potentialer: høje priser. Konsekvensen er, at mange af virksomhederne inden for olieindustrien sender udstyr og maskiner ud af landet for ordentlig reparation. • Der er potentialer på området for elektrisk udstyr og elektronik for virksomheder, der er eksperter i proceskontrolsystemer, instrumentering, industrielt telenet og elektriske installationer, der arbejder med nedlukninger af enheder, modernisering af informations- og proceskontrol systemer, kontrolrum ergonomi og industriel arkitektur, industrielle analysatorer eller automatisering af olie og gas transportnet, osv. • I forhold til hydraulik, pneumatik, pumper og tilbehør er situationen tilsvarende til det ovennævnte i relation til elektrisk udstyr og elektronik, hvor alle produkter importeres til Angola. • HSSE forordninger i Angola er strenge og svarer angiveligt til Nordsøen. Angolanske Miljøservices (Essa) er den vigtigste institution, der fokuserer på faglig uddannelse, der specifikt vedrører arbejdssikkerhed i olieindustrien. Essa er en af de Sonangol datterselskaber og leverer de fleste af de grundlæggende uddannelser. De vigtigste muligheder for intervention er den praktiske del af uddannelse og uddannelse af undervisere. Udenlandske investeringer anses for afgørende for Angolas genopbygningsproces, og fremme af udenlandske investeringer er en vigtig prioritet for den angolanske regering. De lovgivningsmæssige rammer for den private sektor er blevet forbedret i de seneste par år, samt fremmet og støttet af det lokale erhvervsliv. • Fabrikation og konstruktion er det største område efterspurgt af olieindustrien, der opererer i Angola. Det er en sektor, hvor udenlandske investeringer har store potentialer. De fleste variationer af fabrikation kræver højt specialiserede og tekniske færdigheder, der i øjeblikket ikke er til stede i Angola. Dette skaber en mulighed. En række nyetablerede uafhængige angolanske virksomheder er på udkig efter joint-venture partnere med ekspertise. Derudover inviterer Sonangol udenlandske virksomheder til at deltage i de hastige voksende olierelaterede aktiviteter, forudsat at de opfylder krav om at involvere angolanere i disse aktiviteter. Disse krav er beskrevet mere detaljeret i publikationen “Doing Business in Angola”. • Der er en betydelig efterspørgsel efter forebyggende vedligeholdelse inden for angolansk olieindustri, men nuværende udbud er præget af begrænset kapacitet, konkurrence og Offshore Center Danmark Dansk Olie og Gas - Internationalisering 27 SWOT analyse - Angola Styrker Svagheder ► Ekstrem vækst i påviste oliereserver ► Højere brønd udviklingsomkostninger ► Forventet stor vækst i produktion i de nye offshore-blokke ► Et fremspirende marked, gunstig for nye aktører ► Tekniske vanskeligheder for arbejde i dybt og ultradybt vand ► Skatteregimet er forholdsvis attraktivt sammenlignet med andre afrikanske olieproduktionslande ► Mangel på infrastruktur ► Dyr business start-up og høje leveomkostninger ► MOG har allerede investeret betydeligt i landet ► Logistiske udfordringer Muligheder Trusler ► Gode projektmuligheder inden for centrale danske olieindustrikompetencer ► Politiske institutioner kan være ustabile og ikke “testede” ► ► Bureaukrati og korruption er stadig en udfordring Eksport af ”knowhow” til den hurtige udvikling i landet ► ► Dominans af Sonangol og dets datterselskaber Operativ platform for adgang til nabolandene samt muligvis Brasilien pga. sprog og historiske relationer 28 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Nigeria Nigerias eksport af olie og naturgas har gjort det muligt for landet at levere varehandel og betalingsbalanceoverskud i de seneste år, og olie- gassektoren er dermed et væsentligt bidrag til kampen mod fattigdom i landet. 80% af Nigerias energiindtægter betales til regeringen, 16% dækker driftsomkostninger, og de resterende 4% går til investorerne. Europæiske investeringer er stigende, og virksomheder, der er interesseret i langsigtede investeringer og joint ventures, er i stand til at finde potentiale i det store, nationale marked. Det er dog væsentligt at forberede sig godt ved at lære om lokale forhold, kultur og gældende forretningspraksis. Desuden er det afgørende at etablere en lokal tilstedeværelse samt vælge samarbejdspartnere omhyggeligt. Den største trussel mod Nigeria ligger i dets skrøbelige, politiske og økonomiske situation. Mange politiske intriger tager afsæt i Nigerias føderale politik, ligesom landets stabilitet udfordres af konflikter mellem folkeslag – som eksempelvis den aktuelle strid med de marginaliserede minoriteter, der bor i Niger River Delta. De første olieforekomster blev opdaget i Nigeria i 1956 på Oloibiri i Niger Delta området efter et halvt århundredes udforskning. Opdagelsen blev gjort ved Shell-BP, der på det tidspunkt var eneforhandler. Af de 606 oliefelter i Niger Delta området er 355 onshore, mens de resterende 251 er offshore. Af disse er 193 i øjeblikket operationelle, mens 23 er blevet lukket eller opgivet som følge af dårlige perspektiver eller udtørring af brøndene. Uden for Niger Delta er i alt 28 sonderende olieboringer blevet udført - der alle viser perspektiver i forskellig grad. Nigeria er verdens ottende største eksportør af råolie og producerede omkring 2,4 millioner tønder pr. dag i 2009, men pga. urolighederne er der forventet nogen grad af reduceret produktion i 2010. I 1977 oprettede Nigeria det statslige National Petroleum Corporation Nigeria (NNPC). På det tidspunkt var det NNPC’s primære funktioner at føre tilsyn med regulering af Nigerias olieindustri, med sekundært ansvar for ”upstream” og efterfølgende udvikling. CIA anslår, at Nigeria havde anslået 5.215 trillion m3 af påviste naturgasreserver i januar 2009, som gør Nigeria til indehaveren af en af de største naturgasreserver i verden. En betydelig del af Nigerias naturgas er udviklet til LNG. Nigerias mest ambitiøse naturgasprojekt er Nigeria Liquefied Natural Gas (NLNG) faciliteterne på Bonny Island. Partnere, herunder NNPC, Shell, Total og Agip afsluttede første fase af anlægget i september 1999. der hidtil investeret 3,8 milliard dollar i anlægget. Siden opdagelsen af olie i Nigeria i 1956 har regeringen gennem sine organer som nigerianske National Petroleum Corporation (NNPC) samt Ministeriet for olieressourcer og Federal Environmental Protection Agency (FEPA), iværksat en række politikker, aftaler og regler for kontrol og tilsyn med olieindustrien for den samlede økonomiske udvikling af landet. Nigeria er meget afhængig af råolie til sin valutaindtjening. The National Energy Policy, godkendt af Energi Kommissionen i Nigeria i 2003, Offshore Center Danmark Dansk Olie og Gas - Internationalisering 29 erklærer at nationen skal fremme lokale og udenlandske virksomheder til fuld deltagelse i både opstrøms og nedstrøms aktiviteter i olieindustrien. Investeringsmuligheder findes i etablering af produktionsanlæg til produktion af de fleste inputenheder til oliefeltsoperationer, f.eks. olie samt brøndboringer, ler, kemikalier og materialer, rør bolte og møtrikker, skruer, pakninger, ventiler og andre tilbehør, pander og plast, herunder andre komponenter. Muligheder findes også for entreprenørvirksomheder og aktører der råder over tekniske anlæg og som er villige til at etablere sig lokalt for at styrke nigerianske deltagelse i operationer, aktiviteter og vækst i olie- og gasindustrien. Nigeria har indført olie og gas politik med følgende mål: • Forøget oliereservekravsgrundlag og produktivitet gennem energisk efterforskning og sikring af en fornuftig udnyttelse af ressourcerne. • Privatsektors deltagelse i alle facetter af branchen gennem attraktive finanspolitiske foranstaltninger. Regeringen er i seriøse overvejelser om at sælge sine aktier i joint venture-drift. • Erhvervelse af rimelig markedsandele for råolie og dens derivater samt selvforsyning af raffinering. • Udvide udnyttelsen af naturgas. En ikke-nigeriansk virksomhed kan investere og deltage i driften af en virksomhed i Nigeria. Men en udenlandsk virksomhed, der ønsker at etablere forretninger i Nigeria, bør tage alle nødvendige skridt til at opnå lokalt indhold af den nigerianske filial eller datterselskab som en særskilt enhed i Nigeria til dette formål. Indtil det er indarbejdet, kan den udenlandske virksomhed ikke drive forretning i Nigeria eller udøve enhver af de beføjelser, af en registreret virksomhed. Hele rapporten fra Nigeria, der findes på www.offshorecenter.dk, påpeger detaljeret oversigt over mulighederne inden opstrøms området. Den nigerianske olie- og gassektor giver store muligheder for udenlandske investorer med knowhow og teknisk kapacitet til at bidrage med merværdi i fælles ventures. Men Nigeria er et vanskeligt marked at operere i, og grundig forberedelse og undersøgelse er nøglen til succes sammen med passende risiko forvaltning og afhjælpning. En af de allervigtigste faktorer for at sikre en vellykket entré på det Nigerianske olie- og gasmarked er at danne et joint venture sammen med det rette lokale firma. Mange nigerianske forretningsaktiviteter efterspørger dansk knowhow og teknologi, og søger at danne joint ventures. Styrker Svagheder ► Veletableret olie og gas industri siden 1956 ► Mangel på infrastruktur ► Business klima gunstigt for nye entreer ► Nødvendighed at bruge lokal partner ► Statslig interesse for internationale aktører ► Logistiske udfordringer ► Ingen restriktioner for hjemsendelse af overskud ► Dyr business opstart og høje leveomkostninger Muligheder Trusler ► Bred vifte af nye projektmuligheder for danske kompetencer i olie og gasindustrien ► Politiske institutioner er skrøbelige og ustabile ► ► Bureaukrati og korruption er stadig en stor udfordring Eksport af viden til et udviklingsland ► ► Sikkerhedsspørgsmål i Niger Delta området Operativ platform til andre afrikanske markeder 30 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Etablering af forretning i Nigeria Eigil Jensen, ISC Consulting Før man overvejer at gøre forretninger i Nigeria, skal man vurdere sit engagement med hensyn til investeringshorisont, risikovurdering og de specielle udfordringer, der vil være tilstede, når man ønsker at starte et firma i et ustabilt og fjerntliggende land. Der er mange nigerianske forretningsfolk, der ønsker at etablere kontakt til udenlandske firmaer, for derved at opnå viden og erfaringer, som kan bidrage til at udvide deres forretninger. Ved at træne personer i de nødvendige kvalifikationer får man en stabil og god arbejdskraft. Hvordan kan man forberede sit engagement til et godt samarbejde mellem to så forskellige kulturer? Herunder er givet nogle forslag i tilfældig rækkefølge, før man starter et bindende økonomisk samarbejde: • • • • • • • Forretningskonceptet - WIN/WIN Tidshorisonten Kulturelle forskelle Arbejdsmoral Risici Korruption og bestikkelse Samarbejdspartneren i Nigeria Det er vigtigt, at den forretningside, man ønsker at starte med et nigeriansk firma, kan tilføre det nigerianske firma viden og kompetence, som kan udvikle firmaet, og give et positivt afkast til de involverede partnere. Ved at skabe en WIN/WIN situation for de involverede partnere opnår man et tillidsforhold, der bliver den bærende kraft i udviklingen af forretningsideen. I Nigeria er der vedtaget en lov vedr. - Local Content, som angiver den lokale investeringsdel, og hvor stor en andel af den lokale arbejdskraft, der skal være beskæftiget. Loven blev revideret i 2006, og jo større lokal ejerandel i firmaet, jo større forståelse vil man møde fra myndighedernes side. Målet fra myndighedernes side er 45% i 2006 stigende til 70% i 2010. Vil man etablere et godt samarbejde er det vigtigt at parterne er åbne overfor hinanden og at de ikke tilbageholde forretningshemmeligheder. Ved at udnævne en lokal partner som daglig leder, får man større gennemslagskraft over for de firmaer, man ønsker at handle med. Et niche marked er det letteste at starte, både med hensyn til konkurrence og succes, da man ikke skal overveje konkurrence fra eksisterende firmaer. Det betyder dog ikke, at man skal afholde sig fra forretninger på grund af konkurrence, idet markedet er så stort, at der vil være plads til yderligere spillere. Nigeria er det største olie producerende land I Afrika, myndighederne viser interesse for nye internationale spillere, og i de kommende år vil der blive brug for knowhow inden for olieindustrien og dertil knyttede virksomheder. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 31 Tid er penge, men i Afrika gælder der en anden regel med hensyn til forretningsudvikling. ”Skynd jer langsomt”, det er vigtigt for de afrikanske partnere at lære personerne bag virksomheder at kende og på den måde danne sig et indtryk af det fremtidige samarbejde. Der er eksempler på firmaer med kort investeringshorisont og stor forventning til afkast, som har dikteret deres betingelser over for deres lokale partner og på den måde har skabt en kortvarig og dårlig forretning. Samarbejdspartneren skal udvælges med omhu, idet der er mange eksempler på tvivlrådige forretningsforbindelser også i Nigeria. En omhyggelig undersøgelse af partnerens baggrund og erfaringer er vigtig. Hvilke erfaringer har firmaet med de produkter, som I repræsenterer? Hvordan er firmaet omdømme generelt? Efter disse indledende undersøgelser kan man nu begynde de egentlige forhandlinger og udfærdige en aftale (Memorandum of Understanding) mellem firmaerne, hvor man udveksler fortrolige informationer firmaerne imellem. Når man er færdige med at udveksle oplysninger, og har fået detaljerne på plads omkring investering, firmakonstruktion m.m. kan man udfærdige en kontrakt firmaerne imellem. Assistance til screening af den lokale partner kan opnås gennem Investeringsfonden for Udviklingslandene - IFU, der samtidig tilbyder økonomisk engagement i firmaet, enten som lånekapital eller som kortvarig indskyderkapital. Normalt kan finansieringen fra IFU ikke overstige 30% af den totale investering, ved mindre virksomheder og investeringsbeløb kan der opnås op til 50% medfinansiering fra IFU. En anden vigtig parameter er forståelse for den kultur man møder. Afrikanere har ikke den samme stresstærskel som europæere, man løber ikke efter klokken, og det kan være frustrerende, at deadlines og mødetidspunkter ikke bliver overholdt. Det lokale samfund vælger en Chief, som er ansvarlig for det lokale samfund. Chiefen deltager i politiske møder, han tager vare på det lokale samfunds problemer, sørger for at der bliver etableret vandforsyning, elektricitet m.m. Chiefen er det lokale samfunds repræsentant i det politiske arbejde. Ved etablering af et firma i et lokalt samfund er det en god ide at kontakte Chiefen for at bede ham om at hjælpe til med at promovere firmaet overfor myndighederne. I Nigeria lever kristne og muslimmer side om side, dog ikke uden problemer, og der har været mange uroligheder og sammenstød specielt i den nordlige del af landet. Der er mange stammer i Nigeria, og specielt i sumpen i Niger deltaet har der været mange uroligheder. Det er derfor vigtigt at gøre sig klart, at det er et meget udsat land med hensyn til sikkerhed, og man bør evaluere risikoen for firmaets engagement i det område, man har udvalgt til forretningen. 32 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Har man besluttet sig for at etablere forretning, er det en god ide at have en repræsentant fra firmaet, som kan rapportere om vigtige nøgletal og budgetter samt være sparringspartner til det lokale firma og den lokale direktør, for at hjælpe med at opfylde målsætningerne for investeringen. Især ved etableringen og opbygning af firmaet er dette vigtigt. Det er dog vigtigt at understrege, at firmaets repræsentant er en sparringspartner til den lokale direktør og at den lokale direktør er lederen overfor de ansatte. Lokale ansatte er meget vigtige i forretningen både med hensyn til Nigeriansk lovgivning, men også for at skabe en god forståelse og forbindelse til myndighederne. Man møder en positiv respons fra myndighederne såfremt man kan vise at man kan ansætte og opkvalificere lokal arbejdskraft. Den politiske ustabile situation, de forskellige stammers rivalisering og fattigdom blandt hovedparten af indbyggerne er de største udfordringer, man møder som udenlandsk firma og investorer i landet. Muhammed krisen, fugle influenza, malaria og drikkevandet er andre eksempler. Opsøg ikke lokale barer eller restauranter, vær så usynlig som muligt i det lokale samfund, da der er høj kriminalitet. De fleste nigerianere lever for mindre end 1 USD om dagen, og man møder mange tiggere og folk, som tilbyder forskellige services for at tjene nogle penge. Har man en forretning i Nigeria, må man fra tid til anden regne med at skulle betale mindre beløb for ydelser, som kan fremme forretningsgangene. Mindre beløb op til 10 USD er, hvad man kan forvente at skulle betale til folk i forskellige administrative funktioner. En anden sag er korruption. I mange større firmaer er nigerianske folk beskæftiget i den administrative del, hvor bestikkelse kan fremme en sag. Den kan stærkt frarådes at benytte korruption som middel til opnåelse af forretningsfordele, som er ulovligt både i Danmark og Nigeria. Den lokale partner kan i hvert tilfælde vurdere situationen. Ved start af firma kan man evt. leje sig ind hos etablerede firmaer i Nigeria. Ved at leje faciliteter hos disse firmaer og dele kontor kan man samtidig nyde godt at den ekspertise, som allerede er opnået. Det er også vigtigt at networke med allerede etablerede firmaer for at skabe sig viden om de markedsforhold man vil betjene. Det er også en god ide at samarbejde med allerede etablerede firmaer om produktpakker, således at man kan løfte større opgaver i samarbejde. De ovenfor nævnte betragtninger kan give en fornuftig start på firmaets forretningside i et spændende land som Nigeria. Det er ikke mere end 50 år siden, den første olie blev fundet i Nigeria, og i dag er Nigeria den 11. største olieproducerende land i verden. Mikroanalyse – “intern effektivitet” En væsentlig del af forberedelserne på at engagere sig internationalt skal ske internt i virksomheden. Virksomhedens ledelse skal gennemgå virksomhedens kompetencer til videreudvikling – også kaldet Intern effektivitet. Man kommer ingen veje kun med den gode fornuft. Derfor er det vigtigt at analysere virksomhedens indre status og finde de områder, der skal være forberedt til fremtidens vækst. Denne model viser hovedområderne i virksomheden og er med til at definere velfungrende områder uden behov for ændringer – og hvor virksomhed har behov for en styrkelse for at være strategisk og organisatorisk stærk nok til internationalt engagement. Konkurrencefordele Hvis man skal identificere konkurrencefordele, skal der refereres til virksomhedens ressourcer og kapaciteter. Disse inkluderer alle de finansielle, fysiske, HR og organisationsegenskaber, der kan bruges til virksomhedens udvikling. Disse ressourcer og kapaciteter visualiseres i nedenstående faktabokse: HR/Menneskelige ressourcer Her skal man være meget opmærksom på, at de medarbejdere, som har med kommunikation til udlandet at gøre, har beskæftiget sig med viden om kulturen i de lande, man vil eksportere til. Kulturel forståelse er et af de væsentligste områder, man støder på i begynderfasen, når der skal trædes ind på et nyt udlandsmarked. Den erfaring virksomheder der har historie med eksport, er en væsentlig ressource, der sjældent er dokumenteret som egenskaber. Organisatoriske ressourcer Eftersom virksomheden vokser og modnes, efterlader den historie, relationer og forhåbentligt tillid m.m. Disse egenskaber lægger grundlaget for endvidere udvikling og gør den faktisk i stand til at påtage sig mere komplicerede opgaver, herunder vækst internationalt. Fysiske ressourcer De maskiner og faciliteter, virksomheden råder over, eller har adgang til, kontribuerer som ”non-human” egenskaber, der har været udviklet og justeret til fremstilling af virksomhedens kernekompetencer. Finansielle ressourcer Uden penge kommer man ikke langt. Det er afgørende i denne branche at sikre en solid økonomi med en væsentlig egenkapital samt adgang til yderligere finansiering indtil virksomheden opnår tilfredsstillende andele på nye markeder. Menneskelige ressourcer Fysiske ressourcer ► Erfaring ► Maskiner ► Viden ► Produktionsfaciliteter ► Dømmekraft ► Bygninger tilhørende driften ► Risikovillighed ► Individuel visdom Organisatoriske ressourcer Finansielle ressourcer ► Historie ► Soliditet ► Relationer ► Tillid ► ► Aktiver • Omsægningsaktiver • anlægningsaktiver Kultur ► Rapporteringsstruktur ► Ledelseskontrolsystemer ► Passiver • Fremmedkapital • Egenkapital ► Bonusordningspolitik ► Adgang til kapital Offshore Center Danmark Dansk Olie og Gas - Internationalisering 33 Implementerering af strategier Når virksomheden har undersøgt muligheder i udlandet og effektiviseret virksomheden internt, kan man gå i gang med implementering af strategier til videreudvikling og eksport (se illustration på side 12). Det betyder, at man skal sætte sig mål og beskrive, hvordan virksomheden skal videreføres. Et vigtigt punkt i den proces er at sikre sig, at alle medarbejdere er med på vognen - det vil sige, at hele organisation kører i samme retning. International ekspansion er ikke kun ledelsens privatsag. Et godt værktøj at benytte er det såkaldte ”Vækststrategimodel” udviklet af matematikeren Igor Ansoff i 1957 og udbygget konstant siden hen. produkter - leverancer - teknik Ny Nuværende Ny marked - efterspørgsel - kunder Nuværende Markedspenetration Prokuktsudvikling Nuværende produkter sælges nuværende marked Produkt og teknologiudvikling til nuværende marked Markedsudvikling Diversificering Nuværende produkter præsenteres til nye markeder Produkt- og teknologiudvikling for avanceret konkurrence på det nye marked Kilde: Baker & Hart (2007), Product strategy and management 34 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Modellen viser de måder, virksomheden udvikler sine produkter og markeder. Det kan godt være, at man synes ens virksomhed kører med alle disse strategier, men SMV’er skal passe på ikke at beskæftige sig med alt for varierende strategier ad gangen. Det vil sige, at hvis man f.eks. har meget kompetent produkt eller produktlinje, der har forudseende muligheder på andre markeder, så skal der satses på markedsudvikling. Det samme gælder, hvis man synes virksomheden er veletableret på ens nuværende marked, så skal man køre med enten Markedspenetration, hvor man forsøger at sælge flere eksisterende produkter til nuværende kunder og/eller man kan udvikle nye produkter og løsninger til sine trofaste kunder, altså Produktudvikling. En mere kompliceret strategi er den, der hedder: Diversifikation, hvor man udvikler nye produkter til nye markeder. Den strategi indeholder normalt større risici samt omkostninger udover de andre. Der findes en masse værktøjer til strategiimplementering i firmaet og disse skal man undersøge og analysere inden de er implementeret i virksomheden. Det sker nemlig alt for tit, at man bruger tid på at implementere strategier, der ikke har noget med formålet at gøre. Bliv større udadtil Meget har været skrevet om klynger. Dette fænomen har fået større opmærksomhed i takt med, at flere og flere får øje på fordelen ved samarbejde mellem organisationer. SMV’er i udvikling og særligt dem, som har besluttet at fokusere på fremmede markeder, kan meget nemmere opnå sine mål gennem samarbejdsaftaler mellem eksempelvis andre leverandører. Ifølge markedsundersøgelsen udarbejdet blandt Offshore Center Danmarks medlemmer er kun 26% deltagere i klyngegrupper. 58% viser dog interesse i at deltage i sådan slags samarbejde, hvor igen flertallet synes virksomheder med supplerende produkter kunne være mest tilegnet. Ifølge vores undersøgelse af det brasilianske marked viser det sig, at man øger mulighederne for at træde ind på markedet markant gennem brug af en agent, der opererer som virksomhedens talsmand lokalt og præsenterer dens produkter til aktører på det brasilianske marked. For en mindre leverandør i Danmark kan det være for kostbart at hyre agent, der kun beskæftiger sig med dens tjenesteydelser. Derfor kan det være en fordel at begynde dannelse af en klynge, der har som fælles formål at hyre agent i Brasilien, som markedsfører klyngens virksomheders varer og/eller tjenester. Her er man også kommet i gang med at samarbejde med fælles tilbud i projekter, man ikke kunne overskue som en mindre leverandør i Danmark. Offshore Center Danmark betegnes også som en form for klynge, hvor medlemmerne opnår en fordel ved eksempelvis brug af virksomhedsoplysninger på www.offshorecenter.dk siden, hvor man finder forskellige oplysninger og kontaktpersoner til nytte for virksomheder i udvikling og/eller eksport. Endvidere kan man deltage i forskellige interessegrupper og dermed være medlem af klynge der fokuserer på bestemt interesseområde. Med henvisning til undersøgelsen er halvdelen af virksomhederne, der allerede deltager i klyngesamarbejde, tilfredse. Undersøgelsen understreger dog behovet for et meget struktureret samarbejde, hvor fokus er på medlemmernes individuelle behov. Man skal også være meget opmærksom på, at intet samarbejde kører af sig selv. Som medlem af sådan en gruppe skal virksomheden udnævne en kompetent person, der er med i udviklingen og bidrager med nye projekter til medlemsvirksomhederne. En klynge er som en organisation, der består af mennesker med samme mål, men måske forskellige holdninger til, hvordan man skal opnå dem. Derfor er det vigtigt at overveje, hvordan samarbejdet skal foregå. Et eksemplar på en virksomhedsklynge inden offshore branchen ville være: Offshore Consortium Esbjerg – www.oce-dk.com Offshore Center Danmark Dansk Olie og Gas - Internationalisering 35 Dine eksportpartnere Som nævnt tidligere i håndbogen har Internationaliseringsprojektet fået en værdig sparring af nogle organisationer, der beskæftiger sig med støtte til virksomheder i international udvikling. Her beskrives hvordan din virksomhed kan få nytte af deres tjenester. OCD DOI Eksportrådet Offshore Center Danmark – OCD Offshore Center Danmark arbejder til fremme af hele den danske offshoreindustri og er en oplagt indgang for SMV’er, der søger udfordringer ud over dansk grænseområde. • Mange muligheder for at netværke med andre offshorevirksomheder. Offshore Center Danmarks medlemmer tæller både store og små inden for offshore, og der arrangeres en lang række kurser, konferencer og events, hvor medlemmerne får muligheder for at netværke med hinanden og skabe nye kontakter • Mulighed for deltagelse i ERFA-grupper. Der findes p.t. 5 ERFA-grupper under Offshore Center Danmark : HSSEQ (Health, Safety, Security, Environment and Quality), Faste og Mobile Offshore Anlæg, Internationalisering, Offshore Vindmøller samt Dekommissionering. I grupperne mødes gruppemedlemmerne ca. hvert kvartal for at informere hinanden om igangværende aktiviteter samt diskutere aktuelle problemstillinger. Der er desuden ofte gæsteforelæsere samt besøg på forskellige virksomheder • Mulighed for deltagelse i specielle arrangementer (konferencer, seminarer, kurser etc.) til reduceret pris • Mulighed for deltagelse i, og opdateret information om aktuelle udviklingsprojekter under Offshore Center Danmark. Vores igangværende projekter kan ses på http://www.offshorecenter.dk/Projects.asp. • Medlemmer kan selv komme med projektforslag. Offshore Center Danmark kan fungere som projekt koordinator og desuden være behjælpelig med at finde støtte ordninger til udviklingsprojekter • Mulighed for at få artikler og annoncer i Offshore Center Danmark ’s nyhedsmagasiner, ON/OFF • Mulighed for assistance fra Offshore Center Danmark til koordinering af offshore arrangementer (konferencer, work shops, kurser etc.) • Mulighed for at trække på Offshore Center Danmark ’s kompetencer inden for rådgivning, netværk til branchen samt støtteordninger til udviklingsprojekter på offshore området • Opførelse i virksomhedsdatabasen som er en del af www. offshorecenter.dk. Her er mere end 400 danske virksomheder inden for offshore relaterede brancher listet, men kun medlem- 36 Offshore Center Danmark Dansk Olie og Gas - Internationalisering IFU EKF mer af Offshore Center Danmark opnår fordelen at få medtaget oplysninger om deres kompetencer, ydelser og certificeringer. • Banner på www.offshorecenter.dk – siden besøges dagligt af mange danske og udenlandske interessenter. Medlemmer af Offshore Center Danmark opnår bl.a. fordel ved eksponering med logo, linket direkte til deres hjemmeside • Profilering nationalt og internationalt. Offshore Center Danmark har mange tiltag omkring profilering af dansk offshore og i særdeleshed medlemmernes kompetencer Kontakt: www.offshorecenter.dk Dansk Offshore Industri – DOI Som medlem af Dansk Offshore Industri er du også medlem af hele Dansk Industri netværket. Virksomheder kan være tilknyttet DI på to måder: enten som medlem eller som associeret. Herudover kan du vælge mellem mere end 100 medlemsforeninger. F.eks. kan virksomheden være i DI International Business Network, der hjælper dig videre på det globale marked. Det fokuserer på at give dig og din virksomhed aktuel viden om det globale marked via konferencer, seminarer, fremstød og faglige netværk. Medlemmer: • får rådgivning, service og adgang til netværk • dækkes af DI’s overenskomster • tilmeldes konfliktfond, barselsfond og uddannelsesfond • får DI’s feriepengegaranti Associerede: • får rådgivning, service og adgang til netværk - på lige fod med medlemmer • dækkes ikke af DI’s overenskomster • har adgang til DI’s barselsfond Kontakt: www.doi.di.dk Eksportrådet Eksport Kredit Fonden – EKF Eksportrådet, en selvstændigt enhed under Udenrigsministeriet, opererer som serviceorganisation for virksomheder med planer for eksport. Der køres forskellige programmer, alt efter virksomhedens behov. Efterfølgende programmer er kun til at give indblik i Dansk Eksportråds tjenester, hvor man kan vælge imellem 17 forskellige d.d. I international handel kan finansiering være et konkurrenceelement på samme måde som pris, kvalitet og ekspertise. Finansiering af eksport kan være nødvendigt, fordi det kan være vanskeligt at rejse kredit eller tilstrækkelig likviditet til kontant betaling for købere i vækstmarkeder med svage finansielle sektorer. Eksportfinansieringen kan være løsningen, der sikrer, at forretningen bliver gennemført. Eksportforberedelse: Programmet forbereder din virksomhed bedst muligt til eksport. Det består af individuel rådgivning, der sætter fokus på interne forhold i din virksomhed. Forløbet munder ud i en skræddersyet handlingsplan, herunder en konkret aktivitetsplan. Eksportstart: Skal du i gang med internationalisering, herunder eksport og sourcing? Eller vil du udvide din eksport? Så tilbyder Danmarks Eksportråd programmet Eksportstart. Markedsanalyse: Overvejer din virksomhed at bevæge sig ud på nye markeder, kan du få hjælp hos Eksportrådets rådgivere. Så kan du træffe vigtige beslutninger på et solidt grundlag, og du er velforberedt til de første samtaler med nye samarbejdspartnere og kunder. Eksport Kredit Fondens vigtigste opgave er at sikre dansk erhvervsliv konkurrencedygtige finansielle vilkår på internationale markeder. Som de eneste i Danmark tilbyder EKF at forsikre mod ekstraordinære risici, som det private marked ikke kan eller vil dække. Eksportører og finansielle institutter, der har risici i forbindelse med forretninger med udlandet, kan forsikre sig hos EKF mod kommercielle og politiske risici. EKF’s produkter tilpasses til kundens specifikke behov. Produkterne anvendes typisk ved projekteksport, investeringer eller salg af varer på kredit. Kontakt: www.ekf.dk Kontakt: www.eksportrådet.dk Industrialiseringsfonden for Udviklingslandene – IFU IFU er en investeringsfond, der rådgiver og investerer med danske virksomheder i Afrika, Asien og Latinamerika. Formålet er at bidrage til den økonomiske og sociale udvikling i investeringslandene. IFU har sammen med danske virksomheder investeret over 80 mia. kr. i mere end 650 projektselskaber i 79 udviklingslande. Investeringerne sker på et kommercielt grundlag i form af aktiekapital og lån til projektselskaber. Da IFU har tæt kontakt til internationale og lokale finansielle institutioner er fonden i stand til at bistå med en samlet finansieringsløsning for den danske virksomhed. IFU kan via hovedkontoret i København og regionale kontorer i Kina, Indien, Sydafrika, Kenya og Ghana rådgive om politiske, juridiske og erhvervsmæssige forhold i udviklingslande. IFU tilbyder derudover at deltage i projektselskabernes bestyrelse. Kontakt: www.ifu.dk Offshore Center Danmark Dansk Olie og Gas - Internationalisering 37 Sådan er vi kommet frem til denne håndbog Dette projekt om internationalisering af den danske offshore olie- og gasbranche har stået over for udfordringen med at finde de danske kompetencer og matche dem med efterspørgslen på de fem udvalgte internationale markeder. Et væsentligt fundament for projektet har været markedsundersøgelse imellem danske organisationer inden Offshore Center Danmark på den ene side, og undersøgelsen af markedsmulighederne på de fem internationale markeder på den anden side. Den ene side Målgruppen, der blev valgt som deltagere i undersøgelsen imellem de danske leverandører, er SMV’er inden for Offshore Center Danmark. Den anvendte metode til indsamling af information skete gennem web-baseret markedsundersøgelsesprogram, der gav respondenterne mulighed for at besvare ud fra deres egne præmisser, inden for en på forhånd fastlagt tidsfrist. En gruppe der opfyldte kriteriet blev udvalgt af Offshore Center Danmark repræsentanter, og fik tilsendt etweb-link via e-mail. 98 organisationer tog udfordringen op med at 38 Offshore Center Danmark Dansk Olie og Gas - Internationalisering besvare spørgeskemaet, hvor resultaterne har været analyseret og forklaret, støttet af forskellige relevante grafer. Visse fejl kan forekomme, der vedrører samplefejl dvs. udvalgte deltagere, adspurgte der ikke reagerer præcist eller ikke reagerer på enkelte spørgsmål og konstruktionsudviklingsfejler, hvor spørgsmål ikke er tilsyneladende nok til den udvalgte gruppe af respondenter. Alle mulige fejl, der kan forekomme er blevet begrænset så meget som muligt i udformningen og distributionsprocessen. Den anden side Det ville ikke have været muligt at fremstille dette projekt uden en meget kompetent styregruppe, der består af repræsentanter fra Udenrigsministeriet, ambassaderne (UM), Industrialiseringsfonden for udviklingslandende (IFU), Eksport Kreditfonden (EKF), Dansk offshore industri (DOI) og Esbjerg Erhvervsudvikling (EEU). Udover det har ansatte ved Offshore Center Danmark (OCD) og fra konsulentvirksomheden Danperform (DP) styret og fremstillet projektet. Nyttige adresser Norge Grønland The Royal Danish Embassy Martin Amdi Pedersen Export Advisor, Oil and Gas Telf.: +47 2254 0791 E-mail: marped@um.dk The Norwegian Toll system Web site: www.toll.no Råstofdirektoratet Telf.: +299 34 68 00 E-mail: bmp@gh.gl Web site: www.bmp.gl NUNAOIL A/S Web site: www.skatt.no Adresse: Tuapannguit 38 Telf.: +299 328703 E-mail: nunaoil@nunaoil.gl Web site: www.nunaoil.gl The Danish Embassy Website Grønlands Arbejdsgiverforening Web site: www.amboslo.um.dk Telf: +299 321500 E-mail: ga@ga.gl Web site: www.ga.gl The Norwegian Tax Authorities The Danish Trade Council Web site: www.eksportraadet.dk Olje- og Energidepartementet Web site: www.regjeringen.no/nb/dep/oed.html?id=750 Oljedirektoratet Web site: www.npd.no Norsk Industri Web site: www.norskindustri.no Brasilien Danish Consulate General Adresse: Rua Oscar Freire 379, cj. 31 Cerqueira Cesar 01426-900 São Paulo – SP - Brasil Telf.: +55 11 2127 0750 Fax: +55 11 3068 9867 E-mail: saogkl@um.dk Web site: www.gksaopaulo.um.dk/en Norsk Offshore Web site: www.offshore.no ANP – Agência Nacional do Petróleo Adresse: Rua Senador Dantas, 105, 13. And. 20031-201 Rio de Janeiro – RJ – Brasil Telf.: +55 21 3804 1000 Fax: +55 21 3804 0100 Web site: www.anp.gov.br IBP – instituto Brasileiro do Petróleo Adresse: Av. Alm. Barroso, 52, 26 and. 20031-000 Rio de Janeiro – RJ – Brasil Telf.: +55 21 2532 1610 Fax: +55 21 2220 1596 E-mail: ibp@ibp.org.br Web site: www.ipb.org.br Offshore Center Danmark Dansk Olie og Gas - Internationalisering 39 Angola ONIP - Organização Nacional da Indústria do Petróleo Petrobrás – Petróleo Brasileiro S/A Av. Adresse: República do Chile, 65, 601-Q 20035-900 Rio de Janeiro – RJ – Brasil Web site: www.petrobras.com Petrobras site for international suppliers: Web site: www2.petrobras.com.br/portugues/ads/ ads_CanalFornecedor.html Industrialiseringsfonden for Udviklingslandene (IFU), Cape Town Contact Person: Anders Aeroe Adresse: 32 Belmont Avenue, Oranjezicht 8001, Cape Town, South Africa 14 Doing Business in Angola – Advice to Danish offshore companies Telf.: +27 21 465 5701 Fax: + 27 86 685 5602 Email: aae@ifu.co.za Web site: www.ifu.dk MME - Ministério de Minas e Energia Adresse: Esplanada dos Ministérios – bloco U – 8 and. 70065-900 Brasília – DF – Brasil Telf.: +55 61 319 5452 / 319 5555 Fax: +55 61 321 5628 Web site: www.mme.gov.br BNDES – Banco Nacional d Desenvolvimento Econômico e Social Adresse: Av. Repúblico do Chile, 100, 19 and. 20139-900 Rio de Janeiro – RJ – Brasil Telf.: +55 21 227 8238 / 8288 Fax: +55 21 2262 8123 Web site: inter.bndes.gov.br/english/ Av. Graça Aranha, 1/5º andar - Centro Adresse: 20030-002 Rio de Janeiro - RJ – Brasil Telf.: 55 21 2563 4615 Fax: 55 21 2563 4616 E-mail: onip@onip.org.br Web site: www.onip.org.br The Norwegian Embassy in Luanda Adresse: Rua de Benguela 17, Bairro Patrice Lumumba, Luanda Telf.: (+244) 222 449936/ 222 447522 / 222 447922 Fax: (+244) 222 446248 Emergency telephone: (+244) 923 640 194 E-mail: emb.luanda@mfa.no Web site: http://www.noruega.ao/info/embassy.htm The Angolan Embassy in Stockholm Consular Section: Adresse: Skeppsbron 8, 111 30 Stockholm Tel: +46(8)24 28 90 Fax: +46(8)34 31 27 E-mail: info@angolaemb.se Web site: http://www.angolaemb.se/ The Angolan Investment Promotion Agency (ANIP) Contact: Mr. Ari Carvalho, Head of Office Adresse: Edificio do Ministerio da Industria, 9th Floor, Rue Cerqueira Lukoki No 25 Luanda Email: aricarvalho@nexus.ao Fax: +244 222 332956 / 39 33 81 Fatima Freitas Advogados Contact Person: Chindalena Lourenco Adresse: Rua Major Kanhangulo 290 - 1st floor, Luanda Email: chindalena.lourenco@fatimafreitas.com Telf: +244 222 372 030/057/092 Fax: +244 222 372 017 The Swedish Embassy in Luanda Adresse: Rua Garcia Neto, Luanda Telf.: +244 222 44 07 06, +244 222 44 07 07 Fax: +244 222 44 34 60, +244 222 44 34 76 Emergency telephone: +244 923 406 985 E-mail: Ambassaden.luanda@sida.se Web site: http://www.swedenabroad.se/ pages/general____27387.asp 40 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Nigeria CDE Centre for the Development of Enterprise Adresse: 52 avenue Herrmann-Debroux 1160 Brussels Tel: + 32 2 679 18 11 Fax: + 32 2 675 26 03 http://www.cde.int/index.aspx Lagos, Generalkonsulat Royal Danish Consulate General Adresse: Maersk House 121 Louis Solomon Close P.O.Box 72554 Victoria Island, Lagos,Nigeria Tlf.: 1 280 6101 Fax: 1 262 6495 E-mail: ngaconsuldk@maersk.com Embassy of Sweden Adresse: Plot 1520, T.Y. Danjuma Street Asokoro District, Abuja P.M.B. 569 Garki Abuja FCT Nigeria Telf.: +234 9 314 39 36 fax: +234 9 314 33 98 E-mail: ambassaden.abuja@foreign.ministry.se abuja-visum/foreign/ministry@rk IFC Nigeria, Lagos Solomon Quaynor, Country Manager International Finance Corporation Adresse: Maersk House, 1st Floor Plot 121 Louis Soloman Close Off Ahmadu Bello Way Victoria Island Telf: (234 1) 271-8738-9 / 262-6455-64 Fax: (234 1) 279-3618-9 Nigerian Liquefied Natural gas Nigeria LNG Limited, Adresse: C & C Towers, Plot 1684 Sanusi Fafunwa Street, Victoria Island, P.M.B. 12774 (Marina), Lagos, Nigeria. Tel: +234-1-2624190-4, 2624556. Fax: +234-1-2616976. Web site: www.nigerialng.com email: feedback@nlng.com IFU - The Industrialisation Fund for Developing Countries & OCD Offshore Centre Denmark African Petroleum (AP) PLC Adresse: AP HOUSE, 54/56 BROAD STREET, P.O. BOX 512 LAGOS P.M.B. 12690 MARINA, LAGOS Tel: 234 - 1 - 2600050 – 7, Fax: 234 - 1 - 2634341 Web site: www.applcng.com Agip Nigeria PLC National Agip Oil Company Limited Operator of the NNPC / NAOC / Phillips Oil Joint Venture Nigeria Agip Oil Co. Ltd Adresse: PC 23 Engineering Close, Victoria Island Lagos, Nigeria Tel: 234-1-2613862, 2613884, 26221107 Chevron Nigeria Limited Operator of the NNPC / Chevron Joint Venture Adresse: 2, Chevron Drive Lekki Peninsula, P.M.B. 12825, Lagos, Nigeria Web site: www.chevron.com/about/careers/ Elf Petroleum Nigeria Limited (EPNL) leading Oil and Gas exploration and production company and a subsidiary of Total Group. Web site: www.careers.total.com ExxonMobil Web site: www.exxonmobilafrica.com/Africa-English/PA/Operations/AF_OP_Nigeria_Jobs.asp Mobil Producing Nigeria Unlimited Mobil House Adresse: 1, Lekki Expressway, Victoria Island P. M. B. 12054 Lagos, Nigeria Linkso Nigeria Limited Adresse: 293 Akin Olugbade street Victoria Island Lagos, Nigeria Tel: 234-1-2616615, 2622330 Fax: 234-1-2623375, 2616818, 2627911 Email: linkso.lagos@linksong.com Service provider for the Nigerian oil and gas industry Web site: www.linksong.com/job_opportunities/index.php National Association of Independent Petroleum Exploration Companies Adresse: 180, Moshood Olugbani Street, Victoria Island Annex, Lagos, Nigeria. Nigerian National Petroleum Corporation (NNPC) Adresse: NNPC Towers, Herbert Macaulay Way, Central Business District Garki, FCT - Abuja, Nigeria Telf,: +234-9-523-9141 Fax: +234-9-234-0029. NNPC - Opportunities Web site: www.nnpc-nigeria.com/ Offshore Center Danmark Dansk Olie og Gas - Internationalisering 41 Nigeria Petroleum Development Company Ltd (NPDC) United Geophysical (Nigeria) Limited Adresse: 62/64, Sapele Road, P.M.B 1262, Benin City Edo State, NIGERIA. Telf.: 234-52-251907, 2518 Fax: 234-52-259514, 255498 Nigeria Petroleum Development co. Ltd Nigerian Office Adresse: 7 Remi Fani Kayode Avenue G.R.A. Ikeja Lagos, Nigeria Telf.: +23 (0)1 496 0701 Fax: +23 (0) 1 493 4892 E-mail: lagos@unitedgeophysical.com Web site: www.unitedgeophysical.com Oando Plc www.oanoplc.com emerged Nigeria's second largest company in the downstream sector of the oil industry Careers at Oando Web site: www.oandoplc.com/careers.htm Oando jobs recruitment careers@oandoplc.com Oil and Gas Career Opportunities Oil&Gasvacancy@oandoplc.com Paradigm Geophysical (Nigeria) Adresse: Block 15, Plot 23 Admiralty Way Lekki Phase 1 Victoria Island, Lagos, Nigeria Telf.: 2708471-3 Fax: +234-1-270-8469 Schlumberger Oilfield Services Adresse: 17/19, Idowu Taylor Street Victoria Island, Lagos, Nigeria Telf.: 234 1 2615275, 2612681, 2619200, 2614442, 2612679 Fax: 234 1 262 3669 Web site: www.oilfield.slb.com/content/careers/index.asp Shell Nigeria Shell Nigeria Exploration and Production Company Limited (SNEPCO) The leader in Nigeria's Oil and Gas Sector Shell Nigeria - Jobs & Career Opportunities Adresse: Texaco Nigeria PLC 8 McCarthy Street Lagos, Nigeria Telf.: 234-1-2600540-9 Web site: www.texaco.com/texaco/abouttexaco/careers.htm Total Nigeria PLC Total House Adresse: 4 Afribank St, Victoria Island Lagos, Nigeria Telf.: 234-1-2621780-3 Fax: 234-1-262-1810 Total Upstream activities are carried out by three subsidiaries companies in Nigeria, EPNL and TUPNI for oil/gas and Total LNG Limited for gas. Website:www.careers.total.com/careersFO/careers/home?$DTO_ SESSION$LANGUE_0=EN IFU - The Industrialisation Fund for Developing Countries & OCD Offshore Centre Denmark 42 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Nigerian Petroleum Exchange (NipeX) An electronic one-stop transaction centre that improves on value procurement in the industry and institutionalize a world-class contracting process in Nigeria. Adresse: No. 30, Oyinkan Abayomi Drive (former Queens Drive) Ikoyi, Lagos, Nigeria. Telf.: +234 1 7731135, 7937911, 4615110 Web site: www.nipex.com.ng Society of Petroleum Engineers (Nigeria Council) # 4 Moscow Road Adresse: P. O. Box 4668 Port Harcourt, Nigeria Telf.: 234-84231138, 234-8037940204 E-mail: spenigeria@spemail.org, spenigeria@hotmail.com, adoa_spenc@yahoo.com Web site: www.spenigeria.spe.org IFU - The Industrialisation Fund for Developing Countries & OCD Offshore Centre Denmark Offshore Center Danmark Dansk Olie og Gas - Internationalisering 43 44 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Marketing Research and Analyses Danish competences and selected offshore oil & gas market May 2010 r te erapor d n la e cifikk .dk ad Spe lo n center w e r o o D h s f f www.o Offshore Center Danmark Dansk Olie og Gas - Internationalisering 45 46 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Contents The International Offshore market................................48 Marketing research..........................................................48 Danish Suppliers..............................................................48 Competitive advantage....................................................49 Future prospective...........................................................49 Core Competences..........................................................49 Export...................................................................................50 Export methods...............................................................50 Export’s share of turnover.................................................50 Prime markets abroad......................................................50 Business Culture..............................................................62 Final Considerations.........................................................62 Brazil ....................................................................................64 Current market situation...................................................64 Market expectations........................................................64 Opportunities for Danish suppliers....................................65 Business Culture..............................................................66 Greenland............................................................................67 Product expertise..............................................................52 Market opportunities........................................................67 SWOT.............................................................................70 PEST...............................................................................71 Product selection/Industrial expertise...............................52 Cluster co-operation........................................................52 Angola..................................................................................74 Methods of expansion......................................................54 Business environment......................................................75 SWOT.............................................................................76 Export interest.................................................................54 Desired export countries..................................................54 Challenges in foreign countries.........................................54 Challenges within the organisation....................................54 Expansion strategies........................................................55 Expansion expectations...................................................55 Growth strategy...............................................................56 Nigeria..................................................................................77 Business environment......................................................77 SWOT.............................................................................79 Sources for Information...................................................80 Marketing strategy. ..........................................................57 Intensive growth...............................................................57 Integrative growth............................................................57 Diversification growth.......................................................57 Growth area.....................................................................58 Opportunities abroad.......................................................58 The five markets researched..........................................57 Norway.................................................................................60 Political Environment .......................................................60 The Economy..................................................................60 The Market......................................................................60 Achilles............................................................................61 Offshore Center Danmark Dansk Olie og Gas - Internationalisering 47 The International Offshore Market Since the beginning of offshore activities within the Danish area in the North-Sea a lot of water has flowed under the bridge, or in reformed expression; a lot of Oil & Gas has been pumped to ashore. The days where Danish suppliers within the industry, were learning to serve this sector are long gone and now they are considered to utilize advanced techniques that optimize the production, not only within Danish fields, but also internationally. Danish operators have acquired international reputation for efficiency in extraction of these valuable natural resources, sometimes by taking over wells that have been considered obsolete and still being able to operate them as remunerative business. Production in the North-Sea area had its peak of oil production in 2004 and gas in 2005, when it began to decline gradually. When considering only this factor, indications on potentials for domestic growth for suppliers within the industry are reduced. Other factors like technical developments, price variations and demand in general do also have impact on how suppliers have to structure and develop their businesses. The demand for optimal products and services within this industry is very high, which has lead many of the firms to focus on development on product range with advanced congeniality. Fortunately many have developed paralleled products, suiting other industries specifically for windmill operations, which have well established roots in Denmark and good future potentials, both in environmental and political sense. This handbook has its purpose to point out potentials, mainly in upstream activities, for suppliers to the Offshore Oil & Gas within Offshore Centre Denmark (OCD), on five international markets. It also include analyzes of suppliers competences which can be exported to these foreign markets. The markets that have been analyzed are: Norway, Greenland, Brazil, Angola and Nigeria. These are considered to be of interest for Danish suppliers within the industry because of both considerably convenient distance and historical connections, or because of growth opportunities within the Offshore Oil & Gas sector. upstream Exploration & Production Exploration SurveyingAerial Survey and Seismic Operations Transportation & Distribution Transportation & Distribution downstream Refining Decommissioning & Rehabilitation Marketing Source: www.oilandgasforum.net 48 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Exploration & Appraisal Drilling Development & Produktion Marketing research In order to find which competences the suppliers have developed, a marketing research has been conducted, where member organisations within Offshore Center Danmark, have had the opportunity to respond. This research also includes questions that provide information on which markets are of main interest and what kind of methods might be used for the purpose of international expansion. The target group that was chosen to participate in the research is small and medium sized member organisations within Offshore Centre Denmark, hereafter called SME’s (Small and Medium sized enterprises). The method used for collecting information, was through web based marketing research program, which gave respondents the opportunity to reply from their own premises, within a pre-organised deadline. A web-link was sent by e-mail to the chosen group, using the mentioned pre-selected participants, by Offshore Centre Denmark representatives. Ninety-eight organisations took the challenge to respond to the questionnaire, which results have been analysed and explained, supported by various relevant graphs. Some errors can occur, which relates to sampling error i.e. selected participants, respondents not coping precisely or not responding to some questions and construct development error were questions are not apparent enough to the selected group of respondents. All possible failures that can occur have been limited as much as possible in the designing and distribution process. Danish Suppliers When firms consider expanding their market area, they do, whatever advanced methods are used, search for information on those markets and compare potentials with the firm’s existing capability to match the criteria of demand. The market for offshore Oil & Gas supplies and services is more complicated than most other ones due to advanced requirements for quality and safety. Most orders have to fulfil pre-described qualifications, before taken into consideration. These requirements are not made to sort-out preferred customer. First and foremost these are to ensure safety for the many personnel that have decided to take on the assignment to work within the industry, where situations can be dangerous. Secondly; the special requirements are because of very high cost in relation to product failure. An object installed somewhere within oil & gas operations that fail because of rare quality or any installations or services conducted without proper prescribed qualifications can easily result in huge expenses and operation stop. Thirdly, there are very strict environmental requirements demanded from oil & gas operators, which if causing pollution in the very delegate offshore surroundings, exceeding agreed emission combined with the operations, will result in great penalties. Competitive advantage To identify competitive advantage, managers can refer to the firm’s resources and capabilities. The resources and capabilities include all the financial, physical, human and organisational assets which can be used for the firm’s development. The best way to visualise these is to identify them in the following boxes: Future prospective Human resources: ► Experience ► Knowledge ► Judgment ► Risk taking propensity ► Individual wisdom Physical resources: ► Machines ► Manufacturing facilities ► Risk taking propensity ► Buildings related to operations Organisational resources: In order to maintain and develop suppliers’ competences within the offshore oil & gas industry, these organisations have to be able to grow. The necessary expansion will mainly be directed to international markets as the domestic oil & gas market is not foreseen to provide sufficient opportunities in the becoming future. But what can Danish players within the industry offer that can’t be bought locally on other international markets? With the purpose of finding reliable and structured information on suppliers’ competences, it was decided to conduct empirical research among members within Offshore Centre Denmark, providing goods or services to the industry, excluding the operators. The research will shed a light on what the suppliers can provide to international markets. But it isn’t enough to offer outstanding goods and services; you have to know how to enter these markets and how to establish long term business relationship abroad. Therefore has this research included questions directed against how and to which degree the organisations are operating abroad and cooperational matters. Core Competencies Respondents to our marketing research were offered to identify which characteristics their products or services have. With reference to Mr. Philip Kotler a renowned scientist and author within the world of marketing, the following should characterise products/services Core Competency: • Provides potential access to a wide variety of markets (can be applied to different industries) • Makes a significant contribution to the perceived customer benefits of the end product (win/win) • Difficult for competitors to imitate (competitively unique) Mark boxes showing the best identification of the core competencies for your products/services. You may mark all that are relevant. ► History Provides potential access to a wide variety of markets (can be applied to different industries) 18% ► Relationships ► Trust 35% 8% ► Organisational culture Difficult for competitors to imitate (competitively unique) ► Reporting structure ► Management control systems Makes a significant contribution to the perceived customer benefits of the end product (win/win) Other 39% ► Compensation policies Financial resources: ► Debt ► Equity ► Retained earnings The results indicate need for improvements among suppliers within the organisation in order to be more competent when considering entry into International markets. If you cannot identify your products and/or services with these three characteristics, it might reduce your potentials of growth. ► Capital access ► Etc. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 49 Export On average 35% of the organisations employing up to 60 people, do not export their goods or services. All organisations with more than 60 employees, replying to this survey, have some degree of export activities. Export’s share of turnover The following table shows how the 59 respondent to this question divide export as a share of total turnover. Almost half, export only between 1 – 30% of their sales. Does your company/organisation already export your goods/services? How much, measured in percentage, does export count for, seen as a total of turnover from company/organisation? 100,00% 81 -100 5% 91 -100% No. of employees 41 - 60 60,00% 21 - 40 Yes 71 - 80% 3% 61 - 70% 3% 40,00% 64,29% 11 - 20 81 - 90% 35,71% 72,73% 27,27% Percentage of turnover 100,00% 61 - 80 No 10% 51 - 60% 5% 41 - 50% 5% 31 - 40% 7% 21 - 30% 12% 41 - 20% 15% 1 - 10% 24% 0% 1 - 10 61,90% 10% 38,10% 0% 0% 20% 40% 60% 80% 5% 10% 15% 20% 100% Prime markets abroad Export methods When asking for which methods are practiced among respondent it appears that 1/3 sell their products and services through other native companies. Organisations that only use this source for export do not develop expertise for export and are most often bounded their customer’s buying decisions. A slightly larger number do however export directly to customers abroad, which indicates more knowledge of the foreign customer needs. In order to develop further sales in foreign markets a more developed method of export is needed. Only 18% have made commitments in the form of either Joint Venture or Direct Investments as part of their export strategy Around two third (65%) of the responding member organisations within Offshore Centre Denmark receive more than half of their income from Denmark. This fact leaves the remaining one third, relying on export as the main source of income. In a foreseen declining domestic market, the result shows that there is a great need within many of the member organisations to implement International growth strategies. Despite hear saying, that it can be difficult to enter our neighbour market in Norway, this market is the most occupied of the five foreign ones by Danish suppliers within Offshore Centre Denmark. Surprisingly though, this market only covers 1 – 10% of half of the respondents turnover. Which export methods are practiced within your company/organisation? Indirect export (through other native companies) 38% 6% 4% Licensing (foreign companies producing your products with permission) Joint Ventures (Joint ownership with foreign investor, of subsidiary abroad) 0% 34% Direct investment (Your company´s own subsidiary in a foreign country) None Other 50 Market share Norway Direct export (directly to particular customers abroad) 9% 9% 25% Offshore Center Danmark Dansk Olie og Gas - Internationalisering 91 - 100% 81 - 90% 71 - 80% 61 - 70% 51 - 60% 41 - 50% 31 - 40% 21 - 30% 11 - 20% 1 - 10% None 0% 6% 2% 4% 2% 4% 10% 14% 49% 10% 10% 20% 30% 40% 50% Brazil is by most of the organisations, undiscovered market where 70% have no activities in this expanding market within offshore oil & gas. Due to obvious connections with Greenland, it is not surprising that app. half of respondents have some activities there, though it does not count for high share of turnover or between 1 – 10%. The 12% of respondents receiving all (91 – 100%) turnovers are Greenlandic native member organisations within Offshore Centre Denmark. Market share Brazil Share of company’s turnover in Brazill 91 - 100% 81 - 90% 71 - 80% 61 - 70% 51 - 60% 41 - 50% 31 - 40% 21 - 30% 11 - 20% 1 - 10% None 0% Market share - Greenland 91 - 100% 81 - 90% 71 - 80% 61 - 70% 51 - 60% 41 - 50% 31 - 40% 21 - 30% 11 - 20% 1 - 10% None 5% 5% 20% 12% 4% 4% 38% 42% 70% 10% 20% 30% 40% 50% 60% 70% The same applies for Nigeria and Angola, as with market share in Brazil, where 73 – 80% of respondents respectively, do not have any operations there. Market share - Nigeria 91 - 100% 81 - 90% 71 - 80% 61 - 70% 51 - 60% 41 - 50% 31 - 40% 21 - 30% 11 - 20% 1 - 10% None 5% 5% 18% 73% Market share - Angola 91 - 100% 81 - 90% 71 - 80% 61 - 70% 51 - 60% 41 - 50% 31 - 40% 21 - 30% 11 - 20% 1 - 10% None 5% 5% 10% 80% Offshore Center Danmark Dansk Olie og Gas - Internationalisering 51 Product Expertise Most of the members within the organisation describe their role within the industry as manufacturing or supplying physical products. This share is tightly followed by service providers, which of many are the same organisations servicing their products. The third most occupied product expertise is consultancy, which makes sense within the Oil & Gas industry, where security, design and planning are essential Cluster co-operation The business life gradually perceives the importance of structured alliance when approaching large scale customers, which often are too large or using complicated purchasing channels for a single player to cope with. This is one of the reasons, why popularity of Cluster relationships has been increasing over the past. It was therefore relevant to ask respondents about their position towards it. One fourth of the organisations are already members of such a consortium group, which gives an indication of developed business society. It is obvious that some kind of relationships between these actors, will never apply to all the organisations, but it is however quite clear that this form for extended market opportunities will escalate in the near future. Which of the following areas explains your industry role? Other Training & Education (Develop the skills and/or knowledge of individuals) Support Organisation (A public organisation supporting either a community … Service (Service provider) Research & Development (Research is discovering, interpreting, and then … Operator (Develop and produce from an energy source) Is your company/organisation a member of a consortium group, which has the purpose of increasing prospective for e.g. joint-orders? Manufacture/Supply (Manufacturing or supply of a material or product) Installation (Install equipment or structures) Engineering (Concerned with the design, building, and use of engines, … Design (Formulation of ideas into a plan ) 26% Consultant (Offer expert advice on a professional basis) Product selection/Industrial expertise 74% No Yes As with the former question on product expertise, the respondents could mark all relevant boxes, which results in 296 answers from the almost 100 respondents to the survey. Respondents mark therefore three possible answers on average as relevant expertise within their organisations. The following comments show some attitudes towards cooperation: Which of the following areas explains product selection/industrial expertise of your company/organisation? • We normally work as an independent company. But co-operation could be attractive Other General Information Communication Promotion & Accessories Leasing/Renting of premises Accommodation Design & Engineering Leasing and/or Renting of Tools/Equipment Office supplies Transport and Logistics Accountancy, Financial, Insurance & Tax HSEQ services Recruitment Safety Consultancy Technical Consultancy Business Consultancy Catering Construction Courses & Training Maintainance services Safety systems Control systems Geological equipments Instruments • We are a part of a JV in Qatar, but would be interested to join up with other companies elsewhere in the world • Establishment of relevant networking • We are starting a joined establishment in Vietnam • If the opportunity is attractive enough • Cannot be answered with a yes or a no. We would be open for negotiations if conditions are acceptable. 0% 52 2% Offshore Center Danmark Dansk Olie og Gas - Internationalisering 4% 6% 8% 10% The result shows that, the majority of respondents are interested in being member of a consortium group, with the purpose of increasing knowledge and potentials for further growth. If No (we are not member of a consortium group), is your company/organisation interested in joining or establishing one? 42% Exactly half of respondents that employ experience with cluster groups consider their participation as either successful or moderately successful. In the light of how cluster cooperation can increase growth potentials within a certain industry, the results are not satisfactory. It seems that there is a need within the Offshore Industry to work on this subject, where nature of different clusters would be optimized and at the same time, participants will learn how to benefit from well driven clusters. Is your company/organisation a member of a consortium group, which has the purpose of increasing prospective for e.g. joint-orders? No 58% Yes 17% Very successful Moderate 29% Rather unsuccessful Disappointing There are different aspects on what kind of cooperation is of interest among the respondents. The following shows which are most desired: 14% 33% Other 8% A very relevant comment on cooperation between organisations with, the same customer target was welcomed here. What kind of a cluster/consortium group would be the most desirable for your company/organisation? Companies/organisations with: 2% Similar/same products 9% 13% 11% Supportive products Similar marketing experience More advanced marketing experience 11% 54% Employing export experience Other Offshore Center Danmark Dansk Olie og Gas - Internationalisering 53 Methods of Expansion Export interest Challenges in foreign countries Almost eighty percent of respondents that are not exporting at current do want to expand their businesses to foreign markets, as shown in the following graph. Participants were asked about challences they could expect to meet when entering International markets. It is obvious that Culture plays a large role and points out the importance to learn how businesses are conducted in the foreign country, a firm or other kind of organisation has decided to enter. It is also very relevant to see that Economic situation is of high concern, which indicates e.g. economic growth and the country´s ability to offer opportunities for new businesses in a particular market. Law and regulations which often include different degree of bureaucracy and complications on how to comply with it, ranks as the third most awareness as foreign market challenge. Does your company/organisation consider/plan to export your goods/services? 7% 14% Yes No Further comments Which EXTERNAL challenges do you consider to be of major importance when trying to expand your market abroad? 79% challenge challenge challenge challenge Some further comments were like: “We have a strong urge to export some of our products - Mainly to newer markets” challenge Network connections Tariffs Desired export countries Protection of domestic industries Norway is most popular as the most desired export market, where 50% prefer Norway as their 1st choice as export market. The second 1st priority is Germany (13%), followed by Qatar as the 1st choice by almost 12% of respondents. Restrictions for foreign entrants Currency fluctuations Corruption Laws and regulations Political environment Desired geographical markets for export? Economic situation choice Language choice Culture – business and in general choice 0% 10% 20% 30% 40% 50% 60% 70% 80% choice choice 60,00% 50,00% Challenges within the organisation 40,00% 30,00% A lack of competent personnel within the member organisations appear as the greatest barrier for market expansion, where 96% of respondents choose this availability as the most important one. Financial resources were chosen as the 2nd barrier, where 88% considered it as challenging. These were followed by Marketing & sales, Knowledge on market expansion and Mobility of personnel, scoring 80%, 77% and 78% respectively. It is also remarkable to consider that 64% of respondents place Human resources and Marketing & sales as their 1st challenge towards market expansion abroad. 20.00% 10.00% 0,00% 54 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Which INTERNAL challenges do you consider to be of major importance when trying to expand your market abroad? challenge challenge challenge challenge challenge 0% An additional comment referring to a concrete problem facing many organisations: “finding the clients – this is our biggest problem”. Here a screening of a market within a particular industry could help to locate the important buyers. In terms of export, the different Trade Councils within the Danish embassies around the world can be of assistance, as well as consulting bureaus employing knowledge on individual markets and growth strategies. Expansion strategies Using presumed indications on how organisations can be prepared for expansion, the respondents were asked to choose 1 – 4 possibilities. Less than 1/3 of respondents consider their organisations prepared in the way as described below: 20% 40% 60% 80% 100% 120% Expansion expectations It can be difficult to foresee the organisation’s future growth, but nevertheless a well driven one should have made growth plans and to which degree. Three questions were asked about how much the organisations within Offshore Centre Denmark, expect to expand the next three, five and 10 years. The following chart show how 54 respondents foresee future growth within 3 years. In terms of turnover, how much do you expect your company/organisation to grow in the next 3 years? 25% Preparation for future expansion (domestic and/or international). How is your company/organisation prepared for: 20% 15% 17% 26% 10% 27% 30% 5% 0% 010% 11 - 21 - 31 - 41 - 51 - 61 - 71 - 81 - 91 - 101 - 151 - 201 20% 30% 40% 50% 60% 70% 80% 90% 100% 150% 200% 300% Offshore Center Danmark Dansk Olie og Gas - Internationalisering 55 This chart shows how the same respondents expect the organisation to grow within the becoming 5 years. In terms of turnover, how much do you expect your company/organisation to grow theyou next 3 years? In terms of turnover, how muchindo expect your company/organisation to grow in the next 5 years? 16,00% 14,00% Growth strategy The answers towards which growth strategy the organisations expect to use are almost divided 50/50 between organic growth and a mixture of growth through internal expansion and acquiring or merger with others. This indicates that the organisations are confident towards own ability to expand (meaning; gradually increasing turnover and profits), which include both advantages and disadvantages. A large barrier that often follow merger with other organisations, is their culture and personnel perspective of the other one. This includes most often a great challenge to the management. 12.00% 10.00% Which of the following statements fit to the strategy for future expansion of your company/organisation? 8,00% 6.00% 4.00% Through organic growth 2,00% 47% 51% 0,00% 010% 11 20% 21 30% 31 40% 41 50% 51 60% 61 - 71 70% 80% 81 - 91 - 101 - 151 - 201 - 301 90% 100% 150% 200% 300% 500% Both through organic growth and acquisitions/mergers 2% As can be expected it can be difficult to predict growth that cover the becoming 10 years, but nevertheless 1/3 of 52 respondents, do expect between 100% to 1.000% growth within this period. In terms of turnover, how much do you expect your company/organisation to grow in the next 10 years? 20,00% 18,00% 16,00% 14,00% 12.00% 10.00% 8,00% 6.00% 4.00% 2,00% 0,00% 56 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Through acquisitions/mergers Marketing Strategy Intensive growth Integrative growth In order to grow, organisations have to decide, which markets they expect to focus on. Igor Ansoff (1918-2003 often called; the father of modern strategic thinking) presented a matrix that focus on present and potential products and markets. Backward, forward or horizontal growth can often contribute to organisations sales and profits. However, integrating can also mean competing in a different business that extends the organisation’s core competences. So the question becomes if the organisation is capable of being a top market player in its core business, when at the same time it use resources on developing other business units. Looking at the result from respondents it shows that very few prefer integrating backward and forward, which might indicate that the majority prefer to expand within their own area of expertise. Products - supplies - technology New Present Market penetration Market development Which of the following statements fit to the strategy for future expansion of your company/organisation? 3% Backward integration (aquisitions of suppliers - upstream) 16% New Market - demand - customers Present Product development Diversification Forward integration (acquisitions of distribution - downstream) 31% 16% Source: Baker & Hart (2007), Procct strategy and management None of the above Other 34% The questions shown in the graph refer to this matrix, in a revised version, that can be of assistance for organisation leaders to identify which marketing strategies might fit their product selection, organisational structure and marketing opportunities. App. 1/3 of the respondents uses market development strategy, where organisation’s current products are used to develop new markets. The same number of respondents is using product development strategy where new products are developed to increase market share among their existing customer. This is a good sign, as one of the vital thing to secure the organisations future existence, is to present new products and innovations that can benefit their customers. Around 1/5 are using market penetration and diversification strategies as a way to expand. Horizontal integration (acquisition/merger with e.g. competitors) Diversification growth This kind of growth strategy can be used when good opportunities can be found outside the present businesses e.g. when the industry is highly attractive and the company has the mix of business strengths to be successful. The responses show that majority of respondents follow the most secure strategy to develop new products that can be applied to the organisation’s existing competences and markets. Which of the following statements fit to the strategy for future expansion of your company/organisation? Which of the following statements fit to the strategy for future expansion of your company/organisation? 3% 20% 18% 19% Current products to current markets (portfolio management) Current products to new markets (market expansion - geographically and/or industrially) New products that have technologial or marketing synergies with existing product lines New products unrelated to the current product line 8% 70% 31% 31% New products to current markets (productdevelopment/innovation) New business units with no relationship to the current technologies, products or markets Other New products to new markets (product and market development/ innovation) Offshore Center Danmark Dansk Olie og Gas - Internationalisering 57 Growth area Different reasons drive organisations to seek for new market opportunities. Some factors include more convenience by searching opportunities in domestic markets, like challenges to comply with language, culture, volatile currencies, political situation, legal uncertainties, redesign of products and etc. Other factors like decline in demand on domestic markets, prospective of economies of scale and industry expertise, encourage organisations to seek opportunities abroad. In this perspective it is not surprising to see that more than 1/3 of respondents within Offshore Oil & Gas industry choose the strategy of growth within their own industry on international markets. 20% of respondents, currently exporting are seeking growth on additional foreign markets. In relation to future growth, which methods fit to the growth strategy of your company/organisation? 2% 20% Seeking growth, within the same industry, on domestic markets (domestic growth) 25% 16% Seeking growth, within the same industry, on international markets (establishing export activities) Seeking domestic growth on other industrial markets (than the existing ones) 17% 36% Seeking international growth on other geographical markets (than current export markets) Other Opportunities abroad Various reasons lie behind the decision why the countries researched have been chosen. One dominating reason is that Oil & Gas is extracted offshore in all these countries. Greenland is though not actual at present, but seismic researches offshore Greenland have resulted in positive expectations. Each country’s profile will be explained in the handbook, which should be of good use for member organisations within Offshore Centre Denmark. The researches are done in cooperation with Danish trade councils in Norway and Brazil, and the Greenlandic employers association. Researches from Angola and Nigeria have been conducted on behalf of Offshore Centre Denmark in a good co-operation with The Danish Industrial development fund (IFU) and other reachable stakeholders. The researches conducted are based on archives, electronic or physical, supported with empirical studies. The information provided is therefore considered to be reliable facts, without generalising on different beliefs about these markets prospective. 58 Offshore Center Danmark Dansk Olie og Gas - Internationalisering The five markets researched Norway Brazil Greenland Angola Nigeria Offshore Center Danmark Dansk Olie og Gas - Internationalisering 59 Norway Political Environment Last year (2009) was election year and the political parties in Norway were all taking a stand on the topic of oil and gas activities on the Norwegian continental shelf. The oil and gas sector is a hot political topic, not only because of the sectors huge importance with regards to its contribution to the Norwegian economy, but also because of the implications that increased oil and gas activity might have on the Arctic regions and the overall environmental situation. The Environment and the Norwegian States´ wish to expand oil and gas activities in the Northern and Arctic areas, are two very hot and conflicting political topics which have much of the election campaign focus for most political parties. The largest political party in Norway, Arbeiderpartiet (AP) – the workers party, wants to keep value creation, employment, and competences of the oil and gas sector at a high level and suggests that extraction efficiency is increased through intensified research and the use of CO2 injection. They say that the exploration activity must be increased and interesting geographical areas must be opened to the oil and gas industry. The development of regions like the Barents Sea and the Norwegian Sea should be done in cooperation with Russia in an effort to create the best environmental surveillance and oil emergency preparedness in the world. Through thorough evaluation and monitoring of the different Norwegian coastal areas, the government will decide which areas should remain petroleum free and which should be opened to the industry. Norway In the quest to find new areas of exploration for the oil and gas industry, the sitting government faces a lot of disagreements and protesting from local inhabitants, political parties, environmental interests, and business interests. Especially the fishermen in the Northern areas have given their opinion on the possible invasion of oil companies in their waters. Not only have they protested against any oil and gas activity coming to their waters, but they have also claimed that the seismic tests carried out during 2009 have damaged the population of fish in the area. This has resulted in huge payments from the oil and gas companies in order to get accept of the fishermen to do the research The oil price has been developing positively from a sector point of view and is now at a level well above the “investment freezing point” rising above 85 USD at the end of March 2010. Current unemployment figures might though dampen continuous rise. Growth of the global manufacturing sector accelerated in March, with the latest expansions in output and new orders emanating from a broad base of nations. At 56.7, up from 55.4 in February 2010, the JPMorgan Global Manufacturing PMI rose to its highest level since May 2004. The headline PMI has remained above the no-change mark of 50.0 for nine consecutive months (Source: JPMorgan Global Manufacturing PMI). This is good news for the industrial production sector, which has been suffering the most during the financial crisis. The magic level of 50 indicates if manufacturing is expanding or decreasing. The Economy The Market The latest macro economical analysis of the Norwegian economy states that Norway has reached the bottom and economic indicators are pointing in a positive direction. Expansive financial politics together with low interest rates and a maintained high level of oil investments have carried Norway through the crisis in very strong position compared to most other countries, resulting in projections of GDP growth of almost 3% in 2010. Norway has a major, but mature and highly competitive upstream oil and gas sector, featuring most of the key national and international operators and suppliers. The downstream oil segment is small, open to competition and deregulated. Supplying to the upstream activities connected to finding and extracting the oil and gas resources presents by far largest potential in the Norwegian oil and gas industry, but with talk of developing new and remote areas in the North, supplying the downstream oil and gas segment within refining and distribution could prove to be a lucrative business in the coming years. 60 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Oil has been dominating the production on the Norwegian continental shelf since production began in the early 1970s. During recent years production of natural gas has taken up an increasing part of the total production of petroleum products in Norway and estimates for future production predict that gas will become the main petroleum product extracted from the Norwegian underground. This belief in the natural gas resources of Norway means that several of the largest international oil and gas producing companies have long-term investment plans for the Norwegian continental shelf in order to be freed from their dependence of other more uncertain markets. which is an increase from the year before and actually every year since 1994. (See also graph on www.eia.doe.gov) Achilles Achilles Joint Qualification System (JQS) is a unique collaboration between Norwegian and Danish oil and gas operators and management contractors. The participating organizations use the system to provide information and to select suppliers and contractors when buying goods and services. Those buyers not subject to the EC procurement directives are actively using the system as a joint vendor database. Norway Total Oil Production and Consumption, 1988-2008 Thousand Barrels per Day 4000 Production 3500 3000 2500 2000 Net Exports 1500 1000 Consumption 500 0 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Being qualified by the Achilles is not an absolute demand if you wish to become a supplier to the Norwegian oil and gas industry and of course the expense connected to being qualified can seem large to some companies. However, the qualification can be a way to ease access to oil and gas contracts. For some of the main players in the industry a preliminary evaluation of different supplier bids on a project can sometimes be done upon whether or not the supplier is qualified by Achilles. In that sense being qualified the Achilles can shorten the process of winning supplier contracts and should be viewed as a good investment. Year Source: EIA The States´ intervention in the Norwegian oil and gas industry can be viewed as both strength as well as weakness. Altough highly influenced by the Norwegian State and the government in decisions concerning exploration licenses, the Norwegian oil and gas industry has always been known as a fair and legally sound industry, not giving in to corruption and other kinds of fraud. This security provides a great foundation for the Norwegian oil and gas industry to come out on top and remaining one of the most attractive petroleum industries in the world. Expert opinions on when the existing oil and gas resources will run dry various a lot and actual estimates lie in the range from 8 to 40 years. The opportunity is great if the operators succeed in developing more efficient ways of extracting the oil compared to today. Also the Northern regions around areas like Lofoten and also the Arctic Sea represent great but still uncertain possibilities for the Norwegian oil and gas industry, but there is a major hurdle to overcome in convincing the local habitants and politicians that the environment will not be harmed. Estimated proven reserves from January 2009 is 6,7 billion barrels of oil and 81,7 trillion cubic feet (Tcf) of natural gas (www.ogj.com). The average production of oil measured from 2008 was about 2,47 million bbl/day. The natural gas production accounted to 3,5 Trillion cubic feet (Tcf), Offshore Center Danmark Dansk Olie og Gas - Internationalisering 61 Business Culture Greetings are casual and follow no ritual. A handshake, eye contact and a smile are enough when doing business in Norway. Although Norwegians are relatively informal they will often introduce themselves using their surnames. People move to first names quickly but until that occurs one should address people with “Herr” (Mr.) or “Fru” (Mrs.) plus the surname. When presenting one-self be sure not to appear too over confident or self-promoting. A cornerstone of Norwegian culture is egalitarianism, embodied in what is called “Jante’s Law”. Jante’s Law teaches people to be modest and humble. This is seen through most people’s refusal to criticize others and the awareness not to flaunt their wealth or financial achievements. Cultural Dimensions - The 5D Model of professor Geert Hofstede 100 80 60 Scores Meeting & Greeting 40 20 0 Denmark Norway PDI IDV MAS UAI LTO Communication Final Considerations If one were to sum up the Norwegian communication style it would be informal, transactional and direct. Due to the influence of egalitarianism, Norwegian business culture lacks airs and graces. On the whole people are generally easy going and informal in business dealings and communication. However, informality does not offer anyone a license to act unprofessionally. It is important to always remain polite and respectful when doing business in Norway. With economic challenges still playing a significant role within the oil and gas industry, focus from Danish companies, who are interested in winning contracts on the Norwegian continental shelf, should be on building long-term relations and not so much on making deals her and now. The sector is “holding its breath” and not many projects are carried out right now. But future expectations and the right development of the oil price could boost the activity quickly and that is why building relations for tomorrow is so important. Although business is transactional in nature, there is still the need to build trust and confidence. This is achieved through building rapport but at the same time providing lots on background information on yourself, experience, qualifications and that of your company. Relationships develop slowly. Norwegians are straight-talkers and not very emotive. They have no difficulty disagreeing with people or speaking their minds within a business context as this is viewed as separately to personal life. Criticisms and the like are more often than not based on facts rather than opinion. They are scrupulous about honesty in communication, often to the point of pointing out the negatives in their own proposals in greater detail than the positives. Specific market opportunities for Danish suppliers in existing production areas on the Norwegian continental shelf: • Environmental technologies like Carbon Capture and Storage (CCS) • Removal of old rigs in fully exploited oil fields Meetings & Negotiating • Exploration technology and reservoir characterisation Punctuality is imperative when doing business in Norway. If delayed always call ahead to warn people. Business meetings will have a small amount of small talk but quickly get down to the business at hand. Try and mirror the tempo the hosts are working at. If presenting, ensure you back up arguments or concepts with concrete facts and figures neatly organized in charts. Norwegians are analytical thinkers and this helps them reach conclusions easily. Avoid hype or exaggerated claims in your presentation when in meetings or doing business in Norway. • Enhanced recoveries (Soruce:http://www.kwintessential.co.uk/etiquette/doing-business-norway.html) 62 Offshore Center Danmark Dansk Olie og Gas - Internationalisering • Cost-effective drilling and intervention • Integrated operations and real time reservoir management • Gas technologies • Supply of skilled workers on project basis Specific market opportunities for Danish suppliers in future production areas on the Norwegian continental shelf: Danske Rigger & Stilladsservice has supplied their expertise within mounting scaffolds in difficult and dangerous conditions such as the Norwegian offshore, and oil and gas industries. (For more information go to www.drs-aps.com) • Onshore or sea level operated robots • Transportation of Liquid Natural Gas (LNG) Fugro Denmark provides geotechnical and geo-scientific products and services for the oil and gas industry to help determining the contents of fossil fuels hidden deep in the Norwegian continental shelf. • Subsea processing and transportation (For more information go to www.fugro.no) • Deep water and subsea production technology Nordisk Højtryk provides high pressure equipment and pumps for the offshore industry as well as chemical injection systems for the oil and gas industry. • Environmental facilities in the new northern regions (For more information go to www.nh-as.dk) • Environmental technologies like Carbon Capture and Storage (CCS) Ropenhagen A/S (former Usha Martin Scandinavia) supplies steel wires to amongst other, the Norwegian oil and gas industry. • Removal of old rigs in fully exploited oil fields (For more information go to www.ropenhagen.eu) • Exploration technology and reservoir characterisation Scan Con has provided high quality manning solutions for offshore operators in Norway and other countries. • Enhanced recoveries (For more information go to www.scan-con.dk) • Cost-effective drilling and intervention Semco Maritime A/S is one of the larger players in the supplier segment and offers a lot of different products and services to companies within the Norwegian oil and gas, and offshore industries. • Integrated operations and real time reservoir management (For more information go to www.semco.dk) • Gas technologies • Supply of skilled workers on project basis Danish companies within environmental technologies and services will have a strong position in the future development areas in the far Northern regions of Norway. Existing Norwegian companies within this field have described themselves as falling behind international companies, because of the lack of government attention to these technologies for many years. Great potential lies within this part of the supply business and Danish companies have to be ready to react to this expected demand. Denmark is also represented by some larger players in the offshore industry. Companies like DONG Norge, Maersk Oil & Gas Norge, Rambøll Oil & Gas, Semco, Danfoss and others are all represented in the Norwegian offshore industry through subsidiaries. Common to all Danish companies who have had success in the Norwegian oil and gas industry is that delivering quality products and services has been one of the most important values within each company. The offshore, and oil and gas businesses set strict and very high standards for suppliers and therefore all companies who are serious about becoming regular suppliers to these industries should seriously consider acquiring the certifications such as ISO and Achilles. Furthermore estimates show that a great deal of maintenance has to be done to existing oil rigs and other installations over the coming years and also more oil fields are abandoned creating a demand for removal of old rigs and connected installations. Danish companies have had great success within these areas of expertise in the past and this will represent a great opportunity for companies within these areas. A number of Danish companies have had great success for many years supplying quality products and services to the Norwegian oil and gas industry. Some of these successful examples are: Offshore Center Danmark Dansk Olie og Gas - Internationalisering 63 Brazil wards social spending on areas such as poverty relief, education and infrastructure. Last, but not least, the government controlled Petrobras will be issued USD 50bn of new capital. Brazil The proposed regulatory framework would have important implications for the development of Brazil’s oil sector. The emphasis upon Petrobras as the sole operator in the pre-salt basin would surely slow the pace of development of new projects, especially considering the company’s already-aggressive development plans for pre- and postsalt oil reserves. The rules would also increase the government take of profits from oil production, possibly reducing the incentive for private companies to participate. In addition, PSA structure proposed in the legislation would give non-operating partners little influence over project decisions. As of September 2009, the new regulations were still being debated, and a final form had not yet emerged. (http://www.eia.doe.gov/emeu/cabs/Brazil/Oil.html) The latest news from April 2010 is that the law enforcement has not been passed through the parliament. It was put on hold as a discussion on new kind of proposal on how the royalties shall be distributed between the country´s states and the federal government. Furthermore, it is discussed now, if the law enforcement should be disclosed before or after president election in October 2010. Market expectations The Brazilian Oil & Gas sector has evolved dramatically since the Petrobras monopoly ending with market de-regulation in 1997. Over the next 12 years, most major multinational oil companies have entered Brazil, which became a net oil exporter in late 2008. In 2007, Petrobras discovered the first major pre-salt oil field, the Tupi field, with an estimated 5-8 billion barrels of oil equivalent. The presalt discoveries can potentially make Brazil the 5th largest oil nation in the world, with 114 billion barrels of oil reserves. As of early September 2009 a new law proposal has been sent by the Brazilian Government to the senate which will change the entire market structure of the pre-salt area if passed. Traditionally, national and international oil companies bidding at concession rounds would win the right to operate the specific field, own the oil they might find and pay royalties to the local state. The new regulative will introduce four new laws, which if passed, will introduce a “shared production” regime to replace the concessionsbased system. Essential to the new laws is the creation of a new state oil company, Petrosal, which will have the objective of managing the pre-salt reserves. Furthermore, a fund will be created to manage the government’s revenues from the reserves, directing them to- 64 Offshore Center Danmark Dansk Olie og Gas - Internationalisering The expectations for the Brazilian Oil & Gas sector are very optimistic, not least led by a revised investment plan of Petrobras from 174,5 billions to invest between USD 200 - 220 billions from 2010-2014, including 63 new vessels and platforms. The expected Brazilian Oil & Gas output for 2009 is 2.61 million boe/ day up from 2.4 million in 2008. With an expected 8.75% annual increase in production, Petrobras will produce an estimated average of 5.18 million boe/day by 2020. Brazil’s Oil Production and Consumption 3000 Thousand Barrels per Day Current market situation 2500 Consumption 200 1500 Production 1000 500 0 2000 2001 2002 2003 2004 Year 2005 2006 2007 2008 2009 2010 Source: EIA Short Energy Outlook, September 2009. Opportunities for Danish suppliers As the ultra-deep oil fields in the pre-salt area has caused the largest investment plans in the history of the country, it also makes Brazil one of the most interesting and promising markets for the Danish offshore industry. As a way to illustrate the opportunities and the threats for Danish suppliers and sub-suppliers entering the Brazilian market, the Consulate General has prepared a simple SWOT analysis: Strengths ► Huge reserves (high R/P ratio) Weaknesses ► Bureaucracy: ► Leading O&G development in global comparison • Red Tape infrastructure • Goverment incfficiency • Complex tax system • Slow custom clearance ► No restrictions on business establishments ► Geographical distance from Denmark Opportunities Threats ► ► Economical benefits: • Brazilian Real • Brazilian Real 63% strong than USD over a five year period Oct. 2004-Oct. 2009 ► ► • Closed economy (entry barrier, WEF 87th) • High tariffs • Corruption • IBP • Oil price volatillity - Investment uncertainty - Purchasing price fluctuations Financial Aspects: • The Danish Export Credit Fund - Export loan agreement (20 billions) - Re-insurance agreement • Considerable low interest rates Cultural difference: ► ► ► Expected domestic expenditure: • Infrastructure development projects • Petrobras investment plan 2009-2013 • USD 5 billion in investment cap to close within two years • Industrial • Downstream oil refining and processing technology • Upstream deepwather components. 71 PDE companies operating in brazilian shipyards • Prospective business areas described by Danish Trade Council (appendix 3) • petrobras focus on environmentally sound production processes Cultural difference: • Language difficulties • Hierarchy decision process • Understanding of time Supplier market openings: • Local company agent • Danish Consulate Incubator service • Trade fair like Rio Oil &Gas and Brasil Offshore • CADFOR • Petrobras Vendors list Financial Aspects: • Difficulties acquiring new investors • Brazil in need of educated workforce ► Economic disadvantages: ► Monopoly business culture: • Local industrial protection • Global/local content percentage 40/60 • Petrobras market dominance • Difficulty of getting on Petrobras Vendors list ► Legal Framework: • Difference in legal framework • Red tape when sitting up a local company • Non - tariff barriers such as needs for legal authorization Offshore Center Danmark Dansk Olie og Gas - Internationalisering 65 Business Culture Greetings in Brazil are relaxed. Handshakes are used for greetings between men, and a woman is greeted by either a handshake, or if the event is more informal, one or two kisses on the cheeks (used interchangeably). Brazilians present themselves either by first name only, or a combination of first and surname. Although Brazilians are quite informal in communication, it is common good practice to use Mr. and Mrs./ Miss. plus the surname, until the Brazilians themselves move to use first name. Communication Brazil has a very strong group culture, and it is important that nothing is done to appear to embarrass a Brazilian. It is fine to argue, but be careful not to sound too aggressive. The direct Scandinavian form of communication can lead to loss of face in Brazil. This being said, communication does not rely on strict rules of protocol. Anyone who feels they have something to say will generally add their opinion. Expect to be interrupted while you are speaking or making a presentation. In Brazil it is considered acceptable to interrupt someone who is speaking. Brazilians are emotional people, and personal opinions are often accepted on even level as objective analysis. If presenting, don’t be afraid to demonstrate an opinion, but it is advised to be able to back it up with facts. When dealing with Brazilian companies, expect many questions about your company since Brazilians are more comfortable doing business with people and companies they know. In the same line, Brazilians prefer face-to-face meetings to written communication as it allows them to know the person with whom they are doing business. Relationship building and personal contact is very important for Brazilians. Wait for your Brazilian colleagues to raise the business subject. Never rush the relationship building time. Even though face-to-face, oral communication is preferred over written communication, when it comes to business agreements, Brazilians insist on drawing up detailed legal contracts. Business Meetings & Negotiations Brazilian business meetings are informal but respectful. Meetings are often started with casual conversation and small stories to break the ice. However, the informal and extroverted atmosphere should not be seen as an excuse to act unprofessionally. 66 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Brazilians take time when negotiating. Do not rush them or appear impatient. Expect a great deal of time to be spent reviewing details. Brazilian business is hierarchical. Decisions are made by the highest-ranking person. Brazilians negotiate with people not companies. Be careful about changing your negotiating team or you may have to start over from the beginning. In São Paulo and Brasilia it is important to arrive on time for meetings. In Rio de Janeiro and other cities it is acceptable to arrive a few minutes late for a meeting. Do not appear impatient if you are kept waiting. Brazilians see time as something outside their control and the demands of relationships takes precedence over adhering to a strict schedule. Cultural Dimensions - The 5D Model of professor Geert Hofstede 100 80 60 Scores Meeting & Greeting 40 20 0 Denmark Brazil PDI IDV MAS UAI LTO Greenland estimates that occupational opportunities, among other Greenlandic companies will mainly be in tasks related services to international Oil and Gas companies. BMP itself has defined a series of business potentials, which relates the defined phases of oil and gas activities: exploration, development/construction, production and settlement phase. Greenland Activities in the exploration fase (max 10 years) Transport ► Helicopter service ► Air transportation of personnel and merchandise ► Boat charter ► Crane and truck utilities Installations (Cowi report, with permission from The Bureau of Minerals and Petroleum in Greenland www.bmp.gl) Market opportunities in the mining area Mining and oil and gas exploration is highly specialized work performed by companies with extensive experience and expertise in these areas. However, there are many tasks that will be commissioned from outside. BMP (The Bureau of Minerals and Petroleum) has described a number of tasks, services, etc. which will provide business opportunities for enterprises in mining activities and oil and gas activities. The lists should not be construed as exhaustive, but indicates the indication for which there are opportunities to obtain contracts. It is characteristic for all proposed mining projects, that they will require their own infrastructure, especially local roads, shipping facilities, buildings for administration, maintenance and housing of personnel and in some cases an airstrip. Opportunities and conditions for use of local labour. The Greeenlandic Self-Government has, through the mining law decided that licensees must employ manpower from Greenland or Denmark, where skilled labor is available. Licensee must in principle take advantage of Greenlandic companies except if these are not technically or economically competitive. Employment assignments in the various phases of Oil & Gas extraction. The oil industry is a part of an international working environment, using highly skilled labour without commitment to its origin. The BMP ► Establishment of camps Services ► Personnel service ► Catering ► Port services ► Accommodation ► Establishment of telecommunication ► Waste management ► Water supplies Security ► Hydrographic and meteorological data service ► Emergency service Administration ► Authority Treatment ► Environmental Consulting ► Fishing License Verification Offshore Center Danmark Dansk Olie og Gas - Internationalisering 67 Activities in the construction fase (3 - 5 years) Transport ► Transport of personnel and equipment ► Boat charter Activities in the production fase (30-50 years) Transport ► Maritime and air transportation to and from the production facility Charterhouse of both Equipment Installations ► Installation of production equipment ► Installations of production equipment ► Maintenance of electrical installations ► Construction of accommodation ► Measurement of production facility ► Maintenance of the main generator and turbine ► X-mas Tree service (valve unit located on well top) Services ► ► Single anchor loading Personnel service ► ► Crane service Catering ► ► Maintenance of valves, compressors and pumps Port services ► Merchandise trade ► Establishment of telecommunication Security Services ► Catering ► Port services ► Training of staff ► Hydrographic and meteorological data service ► Supply of production facilities ► Emergency service ► Operation of nearby stock ► Control of security health, environment and quality of pro duction facilities ► Merchandise trade ► Wash and supply of workwear ► Guard and accessibility ► Chemical supply ► Gas supplies ► Establishment of telecommunications Administration ► Authority treatment ► Environmental consulting ► Fishing license verification ► Communications agency ► Corporate lawyer ► Audit activities 68 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Security ► Hydrographic and meteorological data service ► Emergency service ► Safety control, health, environment and quality of produc- tion facilities ► Safety training ► Offshore nursing service Activities in the decommissioning fase (2-3 years) ► Maintenance of life saving equipment ► Administration ► Authority treatment ► Transport of personnel and equipment ► Environmental consulting ► Boat charter ► Fishing license verification ► Communication unit/bureau ► Legal activities ► Audit activities Administration ► Authority treatment ► Environmental consulting ► Fishing license control verification ► Communications agency ► Legal activities ► Audit activities Transport Equipment ► None Services ► Catering ► Port services ► Merchandise trade Security ► Safety control, health, environment and quality of produc tion facilities ► Safety training ► Emergency service Administration ► Authority treatment ► Environmental consulting ► Fishing license verification ► Communication agency Offshore Center Danmark Dansk Olie og Gas - Internationalisering 69 Market analysis Substitute or complementary services By applying the Five Forces model (Michael E. Porter 1979) the opportunities within this area can be analysed. Short term: There are little or no real opportunities to substitute the need for supplies of raw materials area with other solutions. To the extent that there is a continued development in the mining sector, there will also be a demand for suppliers to the industry. Market entry Short term: The Greenland mineral-and hydrocarbon legislation says that Greenlandic businesses have a certain preference for tasks related to mining, as long they are competitive in price and quality. There is therefore a certain “pre-barrier” to enter this market Longer term: This situation is not expected to change over time. It is estimated however that there will be many tasks that cannot be solved by the Greenlandic companies or where the native companies will seek foreign partners to bid for tasks. Short term: In a number of niche areas (equipment, local transportation, etc.), few and relatively well-known actors have established themselves. These should normally not fear new entrants. Operators of both mineral and oil and gas will focus on supply security and reliability and will usually not be motivated to switch suppliers. Many of the actors in the mineral industry and oil-gas industry are non-Greenlandic and will therefore be dependent on a wide range of support services from local or international contractors. In both the construction phase and operational phases of various projects, a series of subcontracts will be sought, where these special services can not be supplied from Greenland, for example for equipment supplies, maintenance, various environmental benefits, etc.. In these areas there will be a market for Danish companies. Market Access for deliveries to the mining sector happens mainly in special forums. Two annual fairs are held in Canada, where exploration companies, operators, contractors and others meet, present skills and conclude on agreements. A great deal of demanded services will be within infrastructure (ports, roads, airstrip, energy, etc..) But on individual projects, it is unclear to what extent it is the Greenlandic Self-government or, for example, mine operators who will be responsible for the construction of these. If the Greenlandic government, is the customer, market rules will be in accordance with the infrastructure policies. Longer term prospective: Conditions for access to this market is expected in principle, not to change significantly in the coming years. However, it is expected that actors who gain experience within the market and with the International operators, will gain easier market access. Suppliers´market power Long term prospect: Especially in infrastructure solutions, construction, light-service (catering, supply, etc..) The mining area can foresee increased competences from local suppliers. There is still uncertainty about market size, ie. how many projects will appear. Suppliers must therefore expect uncertainty about their business base, which is a challenge in that market entry or exit, is expensive. Buyers´ market power Short term: The buyers (operators in the mining area) will initially be bound by the local suppliers preference. As far as Greenlandi cvendors do not come into consideration, the market will be more open. On the mineral field, many projects located so remote consequence in that there are no geographical advantages for local contractors. This applies particularly in the construction phase, where a great volume of material shall be sailed to the mining area. Here, deliveries from most parts of Europe and North America could come into the picture. In an operational phase, the buyer’s market power is limited by the fact that there are currently few suppliers to choose from. Long term prospective: In the longer term, an increasing number of tasks in the mining area will attract more suppliers and thereby increase the possibility for operators to switch providers. This applies for both, the projects in the construction phase and the operation phase. 70 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Market rivalry Short term: The market for supplies to mining sector is currently small, but is expected to grow. The current market is characterized by few players and thus limited competition. The suppliers face great demand of capacity and reliable logistics in order to act in the market. For those companies which have the capacity, it is currently estimated that there are limited rivalry on the market. would mean sharp capacity constraints for both skilled labor and supplies and will therefore open for a very large market. For projects in the construction phase, the market will be particularly in road constructions, buildings, port facilities, transport services delivery and servicing of earthmoving equipment etc. In an operational phase, the most obvious market opportunities lie within transportation, maintenance/servicing of equipment, internal services of general construction tasks, etc.. Long term prospective: There is great potential for mining development in Greenland, but it remains uncertain how many projects are realized and at what time. The uncertainty can mean that competitors will be reluctant to settle in Greenland because of high estimated establishment costs. With a sharp increase of operations within the mining area, it is likely that an increasing number of local players become active and build up a capacity to supply the market. But with opening of several large mining projects and possible the Alcoa project, a lack of capacity to establish and service the sector can occur. Conclusion on market analysis At this point the market for supplies to the mining sector will continue to be counted as unsafe. A number of potential mining projects will be similar in size as the current mining activity. These include Black Angel, Nalunaq Gold Mine, Kring formulas and ruby mine at Fiskenæsset. Development of these projects will mean a quiet growth in the market for services and supplies for the mining area. However if e.g., within a five-year period , the Alcoa plant, Malmbjerget, the Iron project at Isua and establishment of an oil & gas field, there market will be changed dramatically. Such a development Offshore Center Danmark Dansk Olie og Gas - Internationalisering 71 SWOT offshore Greenland (Analyses done in co-operation with the Greenlandic Employers Association) Strengths ► Some of the world’s largest oil companies have been signed exploration and exploitation licenses. Expected DKK 18 billion investment in the next 10 years. ► Greenlanders used to work with Danish companies. ► Danes have relatively good knowledge of Greenlandic conditions, competitive advantage compared to other companies from other countries. ► An emerging market, favorable for new entrees. ► A modern society with save political environment and transport and communication infrastructure at place. Weaknesses ► Lack of infrastructure suitable for the offshore industry. Difficult to service the research and production facilities. ► Long distances to markets, > More CO2 emissions ► Ice conditions, darkness, harsh working environment ► Living costs are high compared to other oil and gas extraction locations. ► Lack of carbon dioxide quotas (leads to more costs as the company has to buy a quota on the market for carbon emissions) ► The cost level, High costs of field development gives a challenge to justify profitable operations. ► ► Investment in carbon capture and storage technology to comply with increased focus on the environmental factors (Danish knowledge) ► Need for technological and academic expertise as well as special equipment ► New demand for environmental and production technology suitable for Greenlandic conditions. ► In the case of a possible test drilling there is an enormous need for production facilities and infrastructure. Danish specialized workforce and expertise needed. Most likely scenario that production facilities will be constructed out of Greenland and then towed to the production site. ► (What is the Greenlandic government doing to attract companies? Favorable fiscal terms?) ► (Investment in gas pipes to Canada, or investment in lique fied natural gas carriers) Most demand growth for gas in recent years. (depends on the amount of gas and oil) ► Need for workforce from other countries due to a small labor force Threats ► The oil price development, increases/decreases in the oil price can have a huge effect on current and future invest ment plans of most oil producing companies. ► Environmental issues, pressure to reduce CO2 emissions ► Will Greenland get an exemption from the new climate agreement? Sparsely populated areas in remote locations, long distances to nearest towns ► Environmental organizations – Greenlandic waters a home for rare animals Small labor force (28.243 people, January 2009) ► Possible conflicts between local fishermen/hunters and the oil companies ► Will the oilfields be considered commercially viable? Oil or gas, heavy oil or light oil? Opportunities ► Good project opportunities within the key Danish compe- tences in oil industry, such as ships for service and supply, oil and gas transport, drilling technology. ► Export of know how to Greenland 72 ► Offshore Center Danmark Dansk Olie og Gas - Internationalisering Further considerations: Governmental influence and/or significance of the state’s role. Tax environment: Will the Greenlandic exploitation evolve in the same way as in Norway, with less private influence and more governmental involvement? PEST offshore Greenland Political Greenland is a modern, democratic, self-governing and politically stable society, strongly associated to Denmark in areas including common currency, jurisdiction and defence. Historical Background: Before the introduction of Home Rule in 1979, the Greenland population was only involved in the government of the country to a limited extent. With the establishment of the Home Rule Government, it became possible for Greenland to assume legislative and executive power regarding Home Rule matters. Greenland achieved Self Government 21. June 2009. Fields of responsibility that the Government of Greenland has the possibility of taking over if requested are for example, the natural resource area, police and prosecution service, the administration of justice, alien and border controls, the field relating to company law, accounting and auditing, financial regulation and supervision among other fields. With the introduction of Self Government, 21.June 2009, the Government of Greenland took over the responsibility of the natural resource area and thereby the administration of oil and gas extraction in Greenland. Policies concerning oil and gas research in Greenland. There is a strong national consensus that Greenland’s oil and gas potential should be developed in order to diversify the economy. To stimulate exploration activities, a licensing policy has been issued including licensing rounds in 2002, 2004 and 2006. An open door procedure for other areas is in force. According to the Government of Greenland’s Coalition Agreement for 2009-2013 the exploitation of the non-living resources is accepted as an important potential, though not at the expense of the environment. The Bureau of Minerals and Petroleum deals with all companies applying for exploration licenses in Greenland in a “one-door” process, normally making it unnecessary for applicants to contact other departments within the Government of Greenland. Licenses are granted on terms very similar to the well-known terms applying in countries around the North Sea. There is, however, a pressure from the government that as many jobs, created within carbohydrates extraction, should be occupied by the local work force. Economical Currently the Greenlandic economy is borne by the public service sector, fisheries and fishing industries, construction sector, and trade in goods and services. Nearly 30% of the economic activity is financed by the Danish state in the form of a block grant. The prospect of rising global prices of carbohydrates in the long term has awakened a new interest in the potential of exploiting Greenland’s natural resources. According to Dr. Fatih Birol, the chief economist at the International Energy Agency, higher oil prices are likely in the foreseeable future as there is a rapid increase in demand and stagnation, or even a decline, in supply of oil and gasses. That the rate of decline in oil production is now running at nearly twice the pace as calculated just two years ago. (The Independent August 3, 2009) This makes Greenland an attractive place for searching for oil as it is one of the few areas where there is still a potential for gigantic oil discoveries and significant chances of finding commercially viable fields with significant amounts of recoverable carbohydrates. Greenland has a great investment potential within a number of sectors, and the government has implemented schemes to promote trade in order to make it easy and attractive for foreign firms to establish themselves and invest in Greenland. Demand from the oil business As most of the companies that have the resources to invest in oil exploration are big international organizations the direct effect on employment or demand in the start up phase will mainly be in the service sectors; Hospitality, trade and transport. As most of the oil companies will use their own resources and employers in the establishment of oil and gas producing facilities. Economic impact of CO2 quotas and the arctic environment: Greenland is obliged in accordance with the Kyoto agreement. In 2001 Greenland came to an agreement with Denmark about the ratification of the Kyoto agreement on behalf of Greenland as a part of the Kingdom of Denmark. If Greenland is to buy CO2 quota it will result in an increase of the overall costs of production in the country regardless of which kind of production that might be. Currently Greenland’s CO2 emissions are 674.000 tons in 2007 which is an increase from the Kyoto agreement’s base year 1990. That year the emissions were 625.000 tons and Greenland has made a commitment to reduce its emissions by 8% until 2012. It is obvious that Greenland cannot stand by its commitment. Greenland has, however, implemented renewable energy resources in the form of hydropower plants that support the biggest towns with electricity, but this effort is not sufficient to support the obligations of Greenland to reduce CO2 emissions. The Government of Greenland has a vision that Greenland will not have to meet its obligations in limiting its CO2 emissions according to the coalition agreement of the current Government. Greenland will have to purchase CO2 quotas on the market depending on the outcome of special Greenlandic arrangements in future climate agreements, and therefore companies that want to invest in the oil research and exploitation possibility in Greenland will have to include this cost factor into their assessment of the return on the investment. It is expected that Greenland’s CO2 emissions will increase from 600-2500% the coming years. Offshore Center Danmark Dansk Olie og Gas - Internationalisering 73 The costs of purchasing CO2 quotas have to be added to already higher unit cost in Greenland than in other areas. To produce one barrel of oil in the Middle East costs USD 10, in the North Sea the costs are USD 30 and it expected that the costs in Greenland will be even higher, regardless of the CO2 costs due to the icy conditions, the harsh weather and long distances from towns to the oilfields and to the markets. Neighbouring areas such as the North Sea have already secured themselves significant CO2 quotas. The oil companies situated in those areas can produce without the economical burden of having to purchase quotas. Greenland would have to buy quota for the entire production while the other players in the market do not have to purchase quotas at all. This will serve as a barrier for a start of production and will make Greenland’s competitive position skewed. Purchasing of quotas Because Greenland is not a part of the EU, Greenland does not have direct access to the EU market for CO2 quotas. This means that Greenland and its companies do not have access to the EU’s internal CO2 market, but hypothetically Denmark could purchase quotas on the internal market and then resell them to Greenland. This is not a likely scenario as Denmark is currently struggling with its own emission problems. There are two other possibilities of acquiring quotas. First one being purchasing unused CO2 quotas from primary the east, so called ‘Assigned Amount Units’. The second one is to invest in climate projects in underdeveloped countries; this can be a direct investment or purchasing of a certificate. The former Climate and Energy Minister of Denmark Connie Hedegaard has guaranteed that Denmark will not use Assigned Amount Units to meet its climate obligations. As Denmark still has the responsibility of ratifying agreements on climate changes on behalf of Greenland this statement is an obstacle for companies that wish to purchase those quotas on the markets. (www.klimadebatten.dk) The price of quotas is expected to only get higher in the future as pressures for reducing CO2 will most likely increase and the demand for those quotas will accelerate. To what extent Greenland can get an exemption from the CO2 obligations after the year 2012 will determine Greenland’s competitive capability in regards to other oil and gas exploiting areas and to what extent an investment will be made in the sector. Decisions made at the UN climate conference COP15 in Copenhagen in December, can become a determining factor for establishment of oil and gas activities in Greenland. Socio-cultural The Greenlandic culture and current industrial base is attached to the nature and the environment, which could lead to more environmental protectionism. Greenland has a limited amount of people in the labour force or 32.080 people. (2008, 15 to 62 years born in Greenland and others that live in towns) The unemployment rate is at 4,7% (2007 numbers only available for towns). 74 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Big investments in the oil and gas sector will most likely change the composition of the labour force. More people will choose to leave the fisheries industry for more lucrative oil and gas related jobs. The same applies for educated people that will be attracted by relative well paid jobs in the oil and gas sector and that will eventually create a need for qualified workers in the public and the private sector. This will in turn put pressure on the Greenlandic educational sector as more people choose to seek education within the field of oil and gas extraction and the supporting businesses. Therefore it is believed that the educational sector will grow considerably if resources will be allocated to the sector. The Greenlandic education system is official and completely financed by the Greenlandic Government. The Government has therefore to be supported in its efforts to educate the people in line with the new fields of employment. The supporting businesses such as the hospitality sector, transport, and trade are believed to create most local employment on land. One can expect that the effect on local employment of oil and gas exploitation will not be as significant as on land activities such as mining and aluminium production as the international oil companies will primarily import their own workforce. Technological The technological challenges of the Greenlandic oil and gas extraction potential arise as a result of other challenges concerning the players, the future goals, and the surroundings of the sector. ► Technology that locates the oil fields with more precision so that test drilling will be limited to fields with more likeli hood of being commercially viable. For example more ad vanced seismic research methods. ► Technology, that makes it cost efficient to extract from and manage oilfields in a harsh environment and to export the oil or gas in an effective and efficient manner long distances. ► Technology that minimizes CO2 emissions, with capture and storage. ► Technology, that secures coexistence between local fishing industries and production companies. ► Investment in technology concerning rescue on sea with long distances to hospitals, and investment in technology for recovering vast amounts of oil from the sea if released from shipwrecked tankers or from production facilities. ► Furthermore the projects in Greenland are of such a cha racter that special attention must be paid to security and environmental issues as well as developing efficient ways of servicing remote production facilities. With reference to an exploratory research on culture in Greenland, it appears that knowledge in English is not very common among the general population. Most programs on TV are Danish broadcasts or Danish subtitled foreign episodes. The majority of newspapers and magazines are of Danish origin. There are three dialects spoken in Greenland; East, West and North district dialect. Increased technology has contributed to the acceleration of communications with other Inuit societies abroad. The Danish culture is therefore the most dominated “foreign” culture in Greenland. The society is to a considerable degree, divided between the Greenlanders and Danes, and “the ones between”. With reference to a survey made by the research institute “Arctic living conditions” (www. arcticlivingconditions.org), where knowledge in Danish and satisfaction with the mixture between income and fishing capture and the importance of Greenlandic way of living, is measured, these result in the following estimate shown in the following chart, made with reference to G. Hofstede´s researches on cultural dimensions: Cultural Dimensions - The 5D Model of professor Geert Hofstede 80 70 60 Scores 50 Denmark 40 Greenland 30 20 10 0 PDI IDV MAS UAI LTO Offshore Center Danmark Dansk Olie og Gas - Internationalisering 75 Angola Crude oil has been commercially exploited in Angola since its discovery onshore in 1955, which makes the Angolan oil industry a decade older than the Danish oil industry. The sector has grown rapidly since then, and especially after 1980, facilitated by the successful attraction of large foreign investments and technological expertise from the major international oil companies. Production is expected to come increasingly from deep-water offshore fields, with higher production costs and more challenging technological requirements, as shallower, more mature fields closer to shore gradually decline. Angola Angola’s oil industry appears to be an attractive investment opportunity, offering foreign companies favourable geology, low operating costs, and constructive business approach from the Angolan government. Proven oil reserves in Angola have tripled in the last seven years and approximately 90% of Angola’s government revenues come from the sale of oil. According to the Oil and Gas Journal (OGJ), as of January 2010 Angola has proven oil reserves of 9.5 billion barrels while statements made by the Angolan oil minister in December 2009 put total reserve numbers as high as 13.1 billion barrels. The majority of Angola’s oil reserves are located in offshore blocks, in part because onshore exploration was limited as a result of the civil war. However, there are some proven reserves onshore around the northern city of Soyo and also, in the disputed Cabinda Province (U.S. Energy Information Administration). The proven number ranks it as number 18th on the world’s scale. The majority of the reserves are located in Angola’s offshore blocks. Angola’s crude oil production has more than quadrupled over the past two decades. Oil production was on average 1.82 million bbl/day in 2009, but the country is actually bounded by a recent production quota of between 1.52 and 1.66 million bbl/day, since it became a member of the OPEC countries in 2007. As a consequence Angola´s daily production is 200.000 bbl/day below capacity (which is around 2, 1 million bbl/day). Angola’s Oil Production and Consumption, 1999 - 2009 2000 Total Production * 1750 1500 1250 Crude Production Net Exports 1000 750 500 * Total Production includes all liquids 250 Consumption 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Year Source: EIA International Energy Annual; Short - Term Energy Outlook 76 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Angola’s national oil company, Sociedade Nacional de Combustiveis de Angola (Sonangol), was established in 1976 and made the sole concessionaire for exploration and production in 1978. Sonangol works with foreign companies through both joint ventures and Production Sharing Agreements, funding its share of production through oil-backed borrowing. The top foreign oil companies operating in Angola are US-based ChevronTexaco and ExxonMobil, France’s Total, UK’s BP, UK/Dutch Shell, and Italy’s Agip/Eni Oil Company. The most active in Angola is ChevronTexaco (60% of current output) and Total (36%). Maersk Oil Angola and partners have in 2006 entered Production Sharing Agreements with SONANGOL where Maersk Oil is designated operator and holds a 50% working interest. The Fina Petroleos de Angola refinery in Luanda, a Joint Venture between Sonangol, Total and private investors, has a crude oil processing capacity of 39,000 bbl/d. The refinery produces almost all of Angola’s domestic requirements of gasoline, kerosene and jet fuel, as well as a small amount of products for export. Angola is developing plans for a new 200,000 bbl/d refinery, SonaRef, in the coastal city of Lobito. The project was initially to be built in partnership with Sinopec but the Chinese company withdrew as a result of disagreements regarding the market for products. Sonangol is now proceeding with the SonaRef project but the project completion date is now slated for 2014-2015. The new refinery will be able to process heavy crudes, such as those found in the Kuito and Dalia fields. In the interim, the expected demand increases will continue to be met by product imports Angola has proven natural gas reserves of 9,6 trillion cubic feet as of January 2010. The majority of natural gas produced in Angola is flared; the remainder is re-injected to aid in oil recovery or processed in the production of liquefied petroleum gas. The Angolan oil sector is a major driver for the country’s economical growth and related political stability. The oil sector, operating offshore, did not experience many disruptions throughout the period of civil war and was able to attract substantial foreign investments. The entire Angolan oil industry is with a very few exceptions operated by foreign companies. Absence of a local service industry creates some specific challenges to the oil industry. These challenges manifest themselves as gaps in the industrial service available in Angola, which on the other hand can be seen as the opportunities for the foreign players to enter the market. In this relation five key opportunities have been selected as the ones with the biggest potential: ► HSSE regulations in Angola are strict and supposedly similar to the North Sea. The Angolan Environmental Services (Essa) is the main institution, which focuses on professional training specifically related to work safety in the oil industry. Essa is one of the Sonangol subsidiaries and provides most of the basic training. The main opportunities for intervention are the practical part of training and training of trainers. ► Fabrication and construction is the largest area of demand by the oil industry operating in Angola. It is a sector where foreign investments are highly feasible. Most aspects of fabrication require highly specialized and technical skills that are currently not present in Angola, thus creating an opportunity. ► There is a substantial demand for preventive maintenance within the Angolan oil industry, but the current supply suffers from limited capacity and competition and related high prices. As a consequence, many companies within the oil industry frequently send equipment and machines out of the country to have them adequately repaired. ► The area of electrical equipment and electronics offers opportunities for companies – experts in process control systems, instrumentation, industrial telecommunications networks and electrical installations; those working with unit shutdowns, modernisation of information and process control systems, control room ergonomics and industrial architecture, industrial analysers or automation of oil and gas transport networks, etc. ► In relation to hydraulics, pneumatics, pumps and acces- sories the situation is similar to the one described above in relation to electrical equipment and electronics with no domestic fabrication and all the products being imported to Angola. Additionally there are some ongoing and upcoming projects in Angola providing concrete opportunities within all the above listed fields. Foreign investment is considered crucial to Angola’s reconstruction process and the promotion of foreign investment is a major priority of the Angolan government. The regulatory framework for the private sector has been improving over the past couple of years, so does the promotion and support of local business sectors. A number of recently established independent Angolan companies are looking for joint venture partners with expertise. Additionally, Sonangol invites foreign companies to participate in the rapidly growing oil related activities, provided they fulfill the related requirements of involving Angolans in these activities. Business environment Foreign investment is considered crucial to Angola’s reconstruction process and the promotion of foreign investment is a major priority of the Angolan government. The regulatory framework for the private sector has been improving over the past couple of years, so does the promotion and support of local business sectors. The government has recently introduced some changes aimed at eliminating duplications and ambiguities with the approval of several laws, such as the company and private investment laws. The new Foreign Investment Law was passed in 1995. In 2004, a new Petroleum Activities Law came into force. It seeks to standardise future production sharing agreements, streamline the licensing process for granting rights to engage in exploration and production activities, and clarify the roles of the Ministry of Petroleum, Sonangol and operating companies. Taking the next step and enforcing these laws would result in more effective supporting and promoting of the private sector. In Angola, most international oil companies are currently involved in social responsibility programs including health, education and development activities. Under some contracts the partners in a particular block are obliged to devote a percentage of the block’s revenues to fund such corporate social responsibility (CSR) activities. Most companies note that they plan their CSR activities in consultation with the Angolan authorities. Some also sub-contract at least a portion of such activities. Related to the companies’ corporate social responsibility programs is the drive towards local content. Despite positive contribution to GDP and exports, oil projects in developing countries typically have very high import intensity and very few linkages with local business. The Angolan authorities have expressed a wish to see more local personnel in international oil company activities. Direct references to local content in the new petroleum law include the following: • Support the professional education of Angolans Offshore Center Danmark Dansk Olie og Gas - Internationalisering 77 • The companies operating in Angola must include Angolan citizens at every level of staff providing they possess the required expertise: payment and other conditions shall be the same. Although the linkages have started to grow, the integration between domestic and foreign business remains limited to very low skilled activities, such as catering and cleaning. The lack of domestic skilled labour is today too big to and this is understood by both - international companies as the Angolan government. SWOT - Angola Strengths ► Extreme growth in proven oil reserves ► An emerging market, favourable for the new entrees ► Tax regime is relatively attractive compared with other African oil producing countries ► Big investments from Danish operator Maersk Oil Weaknesses ► Higher costs of field development ► Technical difficulties working in deep and ultra-deep waters ► Lack of infrastructure ► Expensive business start-up and high living costs ► Logistical challenges Opportunities ► Good project opportunities within the key Danish competences in oil industry ► Export of know-how to the fast developing country ► Operational platform for access to the neighbouring Afri can markets Threats ► Political institutions are untested and unstable ► Bureaucracy and corruption remain a challenge ► Domination of Sonangol and its subsidiaries 78 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Market strategy A proposed market strategy for Danish company (to be considered as an advice only) is to go to Angola as a consortium consisting of a group of a few companies. This solution should help minimizing the start-up costs and related risks and offer more comprehensive technological solutions. As establishing good local contacts are crucial for the future success, setting up a local representative office in longer term is a must. Business contracts may in many cases be made abroad, contacting the head offices of the international companies – 1st tier service providers in Angola. Here all the existing contacts or business relationships with these international companies become handy. Knowledge of Spanish/Portuguese helps to mingle in the local business circles and to come in contact with potential business partners and particularly representatives of the governmental institutions - although communication within the oil industry and related authorities happens in English. Nigeria Nigeria’s economy is struggling to leverage the country’s vast wealth in fossil fuels in order to displace poverty that affects a large part of its population. Nigeria’s exports of oil and natural gas have enabled the country to post merchandise trade and current account surpluses in recent years. Reportedly, 80% of Nigeria’s energy revenues flows to the government, 16% cover operational costs, and the remaining 4% go to investors. Nigeria European investments are increasing and companies interested in long-term investment and joint ventures, especially those that use locally available raw materials, are able to find opportunities in the large national market. However, to improve prospects for success, potential investors must educate themselves extensively on local conditions and business practices, establish a local presence, and choose their partners carefully. The major threat to Nigeria in terms of its security situation lies in its fragile political and economic unity. Much of the political intrigue in Nigerian politics is contained within the framework of Nigeria’s federalist politics, however, destabilizing influences exist within the country and one of the most serious of these is the ongoing conflict with the marginalized minorities who live in the Niger River Delta. Oil was discovered in Nigeria in 1956 at Oloibiri in the Niger Delta after half a century of exploration. The discovery was made by Shell-BP, at the time the sole concessionaire. Of the 606 oil fields in the Niger Delta area, 355 are onshore while the remaining 251 are offshore. Of these, 193 are currently operational while 23 have been shut in or abandoned as a result of poor prospects or total drying up of the wells. Outside the Niger Delta, a total of 28 exploratory oil wells have been drilled all showing various levels of prospects. According to Oil and Gas Journal, Nigeria had an estimated 36,2 billion barrels of proven oil reserves as of January 2009. Nigeria is the world’s eighth largest exporter of crude oil and the country is a major oil exporter to the United States. In 2008, Nigeria’s total oil exports reached an estimated 1,9 million bbl/day, from its Thousand Barrels per Day 3000 Production Net Exports 1000 Consumption 500 The Oil and Gas Journal estimates that Nigeria had an estimated 184 trillion cubic feet (Tcf) of proven natural gas reserves as of January 2009, which makes Nigeria the seventh largest natural gas reserve holder in the world and the largest in Africa. A significant portion of Nigeria’s natural gas is processed into LNG. Nigeria’s most ambitious natural gas project is the USD 3.8 billion Nigeria Liquefied Natural Gas (NLNG) facility on Bonny Island. Partners including NNPC, Shell, Total and Agip completed the first phase of the facility in September 1999. Business environment Nigeria’s refining capacity is currently insufficient to meet domestic demand, forcing the country to import petroleum products. Nigeria is trying to privatize state entities by selling NNPC’s four oil refineries, petrochemicals plants, and its Pipelines and Products Marketing Company (PPMC). 2000 1500 In 1977, Nigeria created the Nigerian National Petroleum Corporation (NNPC). At that time, the NNPC’s primary function was to oversee the regulation of the Nigerian oil industry, with secondary responsibilities for upstream and downstream developments. There are eighteen international oil companies operating in the country. Some of them are new entrants who have an interest in the deep offshore blocks in partnership with other operators. The oil majors account for about 99% of crude oil production in Nigeria. Nigeria Total Oil Production and Consumption, 1988-2008 2500 annual daily average total production of 2,17 million bbl/day of noncrude petroleum. 0 1990 1992 1994 1996 1998 2000 2001 2002 2004 2006 2008 Year Source: EIA International Energy Annual; Short - Term Energy Outlook Offshore Center Danmark Dansk Olie og Gas - Internationalisering 79 Since the discovery of oil in Nigeria in 1956, the government, through its agencies like Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources and Federal Environmental Protection Agency (FEPA), has put in place a number of policies, agreements and regulations for the control and supervision of the oil industry for the overall economic development of the country. The requirements of Local Content are specific only to the Oil and Gas industry. There is supposed to be a gradual goal achievement where the quantum of composite value added to or created in, the Nigerian economy through the utilization of Nigerian resources and services in the petroleum industry increase, resulting in the development of indigenous capabilities, within acceptable quality health, safety and environmental standards. cubic feet respectively, numerous investment opportunities abound in upstream operations of the petroleum industry as categorized below: • Surveying - plan metric data and sea bottom survey • Civil works - mud pit construction, concrete works at rig sites, site surveys preparation of drilling locations, supplies of cement, chemicals, sands, gravel, iron rods, labour, road mat, timber, etc. • Seismic data acquisition and interpretation – such as data on soil, land, rock samples together with geological and geochemical studies. Nigeria is very dependent on crude oil for its foreign exchange earnings. The National Energy Policy, approved by the Energy Commission of Nigeria in 2003, states that the nation shall encourage indigenous and foreign companies to fully participate in both upstream and downstream activities of the oil industry. • Drilling operations - field transportation and equipment for rig movements, • general and specialised service such as casing running, • cementation, welding, diving and catering provision of mud and other chemicals. Investment opportunities exist in the establishment of manufacturing facilities to produce most of the inputs for oilfield operations e.g. oil well drilling clays, chemical and materials, pipes bolts and nuts, screw gaskets, valves and other accessories, pans and plastics including other components. • Crude oil - construction and maintenance of crude oil storage tanks and pipelines. Opportunities also exist for engineering construction and contracting companies willing to establish locally to boost the Nigerian content in the operation, activities and growth of the oil and gas industry. Nigeria has put in place a petroleum and gas policy with the following objectives: • Increasing oil reserve base and productivity through vigorous exploration and ensuring judicious exploitation of the resource. • Allowing for private sector participation in all the facets of the industry through attractive fiscal measures. Government is giving serious consideration to selling its equity shares in joint venture operation. • Acquiring reasonable market shares for the crude oil and its derivatives and achievement of domestic refining self-sufficiency. • Expanding the utilisation of natural gas. A Non-Nigerian may invest and participate in the operation of any enterprise in Nigeria. However, a foreign company wishing to set up business operations in Nigeria should take all steps necessary to obtain local content of the Nigerian branch or subsidiary as a separate entity in Nigeria for that purpose. Until so incorporated, the foreign company may not carry on business in Nigeria or exercise any of the powers of a registered company. With proven oil and gas reserves of 36.2 billion barrels and 184 trillion 80 Offshore Center Danmark Dansk Olie og Gas - Internationalisering • Exploration and production of oil and gas products • Manufacturing of consumable materials in exploration such as explosives, detonators, steel casting, magnetic tapes etc. • Search for development of local substitutes for items such as medium pressure valves, pumps, shallow drilling equipment, drilling mud, bits fittings, drilling cement etc. The overall investment opportunities in the downstream sector include: • Domestic production and marketing of Liquefied Natural Gas (LNG). • Domestic manufacturing of LNG cylinders, valves and regulators, installation of filling plants, retail distribution and development of simple, flexible and less expensive gas burners to encourage the use of gas instead of wood. • Establishment of processing plants and industries for the production of: • refined mineral oil, petroleum jelly and grease • bituminous based water/damp proof building materials e.g. roofing sheets, floor tiles, tarpaulin • building of asphalt storage, packaging and blending that may export these products. • Establishment of chemical industries e.g. distillation units for the production of Naphtha and other special boiling point solvents used in food processing. • Linear alkyl benzene, carbon black and polypropylene producing industries. • Development of Phase II in Nigeria’s Petrochemical Program (Phase III to commence later). The Nigerian oil and gas market is complex – but with large opportunities for the Danish company who understands to team up with the right local partner and mitigate existing risks. Nigeria has a poor reputation in terms of corruption and security, but to a large extent this can be successfully mitigated thus creating opportunities with limited competition for the Danish company. • The Nigerian Liquefied Natural Gas (NLNG) projects. • Small-scale production of chemicals and solvents e.g. chlorinated methane, Formaldehyde, Acetylene etc. from natural gas. • Crude oil refining with efficient export facilities. Companies with the technology can undertake turnaround maintenance of refineries. • Large scope for small-scale joint venture manufacturing concerns with foreign technical partners. Such ventures can start warehousing arrangements that will ensure continuity of supply at competitive prices. • Products transportation and marketing associated with products distribution Sum Up There exists many investment opportunities in the natural gas sector of the Nigerian petroleum industry. Government’s aspirations for the gas sector include creating new industries out of the old oil industry; capturing economic value and generating as much revenue from gas as from oil by 2010. In view of the large potentials of this sector fiscal incentives have been put in place to promote the gas industry: The Nigerian oil and gas sector provides large opportunities to foreign investors with know-how and technical capacity to contribute with added value in joint ventures. However, Nigeria is a difficult market to operate in and thorough preparation and investigation is the key to success together with proper risk management and mitigation. One of the most important single factors to ensure a successful entrance on the Nigerian oil and gas market is to form a JV together with the right local company. Many Nigerian business operations are in demand for Danish know-how and technology and are looking to form JV’s. The right local business will have a thorough understanding of the market and access to specific business opportunities that can materialize together with Danish know-how and technology. Also, because of the official legal requirements of Local Content a JV with a local business is a necessity. However, it is important to stress that any potential local partner must go through a careful due diligence, checking the legal status and the historical business performance. Additionally, it is important to further investigate references and previous track record of the company. In this relation IFU has 40 years of experience in establishing JV’s in difficult markets, such as Nigeria, and identifying and screening local partners. The experience from more than 1000 JV’s with Danish companies in difficult markets shows that sound business can be conducted in such places. IFU can contribute with share- or loan capital, together with knowledge about how to establish a business and mitigate risks. SWOT - Nigeria Strengths ► Biggest African oil producer ► Well-established oil and gas industry from 1956 ► Business climate is favourable for the new entrees ► Governmental interest in the new international players ► No restrictions for repatriation of profits Weaknesses ► Lack of infrastructure ► Necessity of a trusted local partner ► Logistical challenges ► Technical difficulties working in deep and ultra-deep waters ► Expensive business start-up and high living cost Opportunities ► Wide range of project opportunities within the key Danish competences in oil industry ► Export of know-how to the developing country ► Operational platform for access to the neighbouring African market Offshore Center Danmark Dansk Olie og Gas - Internationalisering 81 Threats ► Political institutions are fragile and unstable ► Bureaucracy and corruption remain a challenge ► Safety issues in Niger Delta As the SWOT reveals the Nigerian oil and gas market is complex – but with large opportunities for the Danish company who understands to team up with the right local partner and mitigate existing risks. Nigeria has a poor reputation in terms of corruption and security, but to a large extent this can be successfully mitigated thus creating opportunities with limited competition for the Danish company. Sources for Information http://www.offshorecenter.dk/ http://www.offshorebase.dk/ https://www.cia.gov/library/publications/the-world-factbook/index.html http://www.eia.doe.gov/emeu/cabs/index.html http://www.offshore-mag.com/index.html http://www.ogj.com/index.html http://www.upstreamonline.com http://www.energycurrent.com/ http://www.offshorewestafrica.com/index.html http://www.nnpcgroup.com/ http://www.nigcontent.com/ http://www.sonangol.co.ao/wps/portal/ep http://www.petrobras.com.br/en/ http://dk.nanoq.gl/Emner/Erhverv.aspx http://www.ga.gl/ http://www.offshore.no/ http://www.statoil.com/en/Pages/default.aspx http://www.achilles.com/en/uk/ http://www.iso.org/iso/home.html http://www.globalpolicy.org/security-council.html http://www.bakerenergy.com http://danperform.com/ 82 Offshore Center Danmark Dansk Olie og Gas - Internationalisering Niels Bohrs Vej 6 • 6700 Esbjerg • Denmark Tel. +45 36973670 • info@offshorecenter.dk • www.offshorecenter.dk Projektpartnere 84 Offshore Center Danmark Dansk Olie og Gas - Internationalisering
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