Rosneft intends to increase the order of “Gazprom” for new shipyard

The views of the shipbuilding complex “Zvezda”

Photo: Alexei Druzhinin / TASS

“Rosneft” has informed the government that wants to increase and expand the placing of shipbuilding orders of “Gazprom” at its new shipyard “Zvezda”. Gazprom to place a multibillion dollar order for the court and equipment for Arctic shelf development on an unfinished enterprise not in a hurry

Billions for a “Star”

Shipbuilding complex “Zvezda”, which build “Rosneft” and Gazprombank, risks to remain without orders “Gazprom” and NOVATEK, expected by the investors of the project. We are talking about ships and marine equipment such as mobile drilling rigs and fixed platforms designed for offshore fields development of Gazprom in the North sea and tankers for transportation of liquefied natural gas (LNG) to NOVATEK. The total volume of these orders was estimated at several hundred billion rubles.

In the letter “On placement of orders for SK “Star”, which Vice-President of “Rosneft” on energy localization and innovation, Andrey Shishkin has written to the Deputy Minister of energy Kirill Molodtsova March 10 (available to RBC), said that the company has offered to “Gazprom” to expand the list of orders for marine equipment for the Arctic shelf and place them at the shipyard “Zvezda”.

Rosneft was not satisfied with the schedule order of vessels and Maritime facilities “Gazprom” for the period up to 2035 (there RBC), according to which cutting of the first of six vessels for the Arctic shelf planned no earlier than 2021 and the conclusion of contracts on them — not earlier than the fourth quarter of 2020. According to Shishkin, it does not meet the instructions of the President from September 1, 2016 “On placement of orders for the shipbuilding complex “Zvezda” and paragraph 7 of the Protocol operational meeting of Russian security Council dated 28 January 2016 “On the conclusion of contracts for the construction of ships and marine equipment with JSC “dtsss”.

In a press-service “Gazprom” have refused comments. The energy Ministry also did not respond to a request RBC to comment on the document.

How did the project cluster “Star”

The shipbuilding industrial cluster “Star” is created in the city of Bolshoi Kamen in Primorsky Krai in 2009 on the basis of JSC “far Eastern center of shipbuilding and ship repair” (dtsss), which includes the shipyard “Zvezda” (DVZ) and the shipyard. Initially, the project was conducted by the United shipbuilding Corporation (USC) and South Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co (DSME). In 2012, DSME emerged from the project. In 2015 it was agreed that the Finance cluster will be engaged “Rosneft” and Gazprombank. Owned by OSK 75% stake in dtsss were transferred to an educated investor consortium “Modern shipbuilding technology” (STL, 89% of the subsidiary company “Rosneft” “RN-the Trance” and the rest of the “GPB-Industrial investments”, owned by Gazprombank).

The total cost of the project is estimated at 149 billion rubles, the complex will be built in three phases. In the “Star” will be able to build medium and large vessels, marine drilling, exploration and production platforms, ships serving the Navy, including ice class.

A newly built block of basic industries of shipbuilding complex “Zvezda”

Photo: Yuri Smityuk / TASS

Platform block

RBC source in “Rosneft” explained why the company is unhappy with the time frame in which the group expects to conclude contracts with contractors on Arctic projects. “The conclusion of the contract at the end of 2020 seems far-fetched reason to not order equipment from us, and abroad. To do a project of one vessel a year or two on the side is long: “Rosneft” is able to handle herself. Investing in marine technology it would be possible to schedule in 2018,” — said the interlocutor of RBC.

Rosneft also proposes to add a future order “Gazprom” on the stationary mining platform for the exploration kamennomysskoe-sea (gas reserves of 534 bcm) in the Ob-Tazovsky Bay and ice resistant block-designers for the arrangement of this field. Two years ago “Gazprom” has estimated this work in 190 billion. But, as reported in October 2016, “the Russian newspaper”, “Gazprom” intends to order a large portion of the production fixed platform for this field, launch of which is planned for 2025, on the shipyard “Zvezdochka” in Severodvinsk, owned by USC.

Thus in terms of orders “Gazprom” on the construction of ships have no fixed platform. Deputy Chairman of the Board “Gazprom” Vitaly Markelov, in a letter to the Vice-President of “Rosneft” Shishkin, which was attached to the plan of orders of the group, said that the schedule for the construction of marine equipment current at the end of 2016, is tentative and in need of improvement, including justification of investments for the resettlement of each individual field.

The preparations for the conclusion of the General contract in order for a vessel construction, according to Markelov, requires the bankruptcy procedures, if not will the government decree on the provision of “Star” status of a single supplier.

Alternative contractors

So far the only customer vessels at the new yard “Zvezda” is “Rosneft”. “At the moment, its order includes four multipurpose supply vessel ice class and five tankers of “Aframax”, running on gas fuel. The first supply ship ice class is planned to be commissioned in 2019,” — said RBC official representative of “Rosneft”. He added that negotiations with “Sovcomflot” on the order of construction is the “Star” of another five tankers of “Aframax” for oil transportation on the Baltic sea. To comment on the negotiations with “Gazprom” on the order volume at the shipyard, he refused.

The interlocutor of RBC, close to the company fesrc, estimated the cost of current orders at the shipyard in 70 billion rubles.

RBC source in “Gazprom” explained that it is not going to build ships for offshore development in the near future, because this issue yet investment decisions. “Field kamennomysskoe-sea have not dorazvedka, and we don’t know whether to develop it from a stationary platform and what should be its content. At this stage, to place any order on the platform — it’s a gamble. We have sent their proposals to Rosneft, but they have not agreed because I want that we built at its shipyards as a platform, and ice-resistant blocks. The cost of such platforms on the gravitational basis at current prices for the construction of the “Stars” will cost about $1 billion, and semi-submersible drilling rig, which is in the schedule, could cost about 50 billion rubles,” — said the interlocutor of RBC in monopoly. Ships for the offshore it would be possible to buy a ready-made, and at a discount, but taking into account the instructions of the President they are likely to be built at domestic shipyards, said the source of RBC.

He confirmed that since the government order on the appointment of the “Stars” are the only supplier in the offshore shipbuilding “Gazprom”, the concern should carry out the tenders. To order in addition to the “Stars” could claim the enterprise OSK — Vyborg shipyard and the shipyard “Asterisk” in Severodvinsk. They have successful experience of construction of offshore drilling equipment for Arctic shelf, says Director of the analytical center “gekon” Mikhail Grigoriev. The level of competence of personnel and technical capabilities in the emerging “Stars” such projects are still not clear, which creates risks for customers, the expert believes.

The cost of building one vessel operations in the Arctic shelf in the current world market price of $25-50 million depending on the design and technical content. During the construction at Norwegian shipyards it will take a year, calculated for RBC Vice-President of Songa Opus Offshore Drilling Alexander Zhilenkov. The construction of self-elevating offshore drilling rig to work in the Northern seas it is estimated to be $110-180 million, the construction period is a year and a half. Semi-submersible drilling rig will cost $250-500 million and two years of work to launch, a modern drill ship to us $600 million and the same period.

According to a source RBC in Rosneft, if “Gazprom” will place the entire order quantity of the planned construction of vessels and drilling rig even without the fixed platform, additional funding for the establishment of a shipbuilding cluster will be required.

The source of RBC in the Ministry of energy believes that “Gazprom” and “Rosneft” will sooner or later find the compromise. He confirmed that the order of the government, obliging “Gazprom” to build the entire volume of marine equipment from the plan for shelf development until 2035, at this shipyard yet.

Vladimir Putin (center) during a visit to the shipbuilding complex “Zvezda” in Bolshoi Kamen

Photo: Alexei Druzhinin / TASS

Tanker front

RBC sources in “Rosneft” and the Ministry of energy know about negotiations “Rosneft” NOVATEK on the placement of the “Star” of orders for marine equipment. Official representatives of NOVATEK and “Rosneft” this topic does not comment.

RBC source in NOVATEK said that the bulk of the orders of the court, for the project “Yamal LNG” is already posted on the South Korean shipyards, the last ships launched by 2019. In total for the project ordered 15 LNG carriers, some of which are already finished. Their total cost in 2014 was estimated at $5.5 billion.

The project “Arctic LNG 2” will be launched after 2023 and the court’s needs have not been ordered, according to the source in NOVATEK. “It is possible that we will be able to do by the courts for “Yamal LNG” and for this project,” he said. The Manager believes that for technological reasons in created on “Star” dry dock will be impossible to build tankers for LNG.