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Project(s): View 10 related projects in PECWeb
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Researched by Industrial Info Resources (Sugar Land, Texas)--With low commodity prices and slowing growth in China, ABB Group (NYSE:ABB) (Zurich, Switzerland) is facing the same challenges in the global marketplace as other equipment and technology providers. But the multinational engineering firm maintains a strong role in some of the fastest-growing markets. Industrial Info is tracking about $43 billion in projects that involve ABB in some capacity, with more than 90% of the total in just three industries: Oil & Gas Production, Power and Metals & Minerals. The 10 highest-valued projects indicate the depth of ABB's role.
At the end of the first quarter, ABB's order backlog was up 2% from the same period last year, to $25.98 billion, with its strongest gains in its Electrification Products and Power Grids segments. The book-to-bill ratio stood at 1.17; a ratio of more than 1 indicates a company has a demand for orders that exceeds what it can immediately supply.
The highest-valued project to involve ABB is one of the most closely watched oil-production plans in Europe: Statoil ASA's (NYSE:STO) (Stavangar, Norway) $14.49 billion Johan Sverdrup Offshore Production Platform, Phase I, offshore Norway in the North Sea. The platform will comprise four installations--process, drilling, riser and living-quarters--with an estimated production of 315,000 and 380,000 barrels of oil equivalent per day in the first phase, as well as 3 million to 5 million cubic meters per day of natural gas. ABB received a $90 million contract to build a two-cable, 200-kilometer, high-voltage system that will supply 100 megawatts (MW) for the project, which is expected to be fully online in mid-2019. The cables also are expected to reduce CO2 emissions. For more information, see Industrial Info's project report.
Elsewhere in the world, ABB secured a deal to provide equipment and services to two major components of INPEX Corporation's (Minato, Japan) Ichthys LNG project in Australia's Browse Basin: the $2.24 billion floating production, storage and offloading (FPSO) condensate facility and the $2.24 billion central-processing facility. The subsea structure will supply INPEX's 8.9 million-metric-tonne-per-year liquefied natural gas (LNG) production plant in Darwin; the FPSO is expected to have a holding capacity of up to 1.14 million barrels of condensate. For more information, see Industrial Info's project report on the FPSO facility and the central-processing facility.
Earlier this year, INPEX said that the last topsides lift had been completed on the 336-meter-long FPSO facility, which is to be located 3.5 kilometers from the field's central processing facility. The project is expected to commence production in September 2017; according to LNG Industry, it is at least six months behind the original schedule, owing to changes in the project's scope that are likely related to the ongoing global glut in LNG. The Ichthys LNG Project is a joint venture between INPEX; its major partner Total S.A. (NYSE:TOT) (Paris, France), CPC Corporation Taiwan (Taipei, Taiwan) and the Australian subsidiaries of Tokyo Gas Company Limited (Tokyo, Japan), Osaka Gas Company Limited (Osaka, Japan), Kansai Electric Power Company Incorporated (Fukuoka, Japan), Chubu Electric Power Company Incorporated (Chuden, Japan) and Toho Gas Company Limited (Nagoya, Japan).
More than $24 billion of the total investment value for projects involving ABB is located in Scandinavian countries. This includes the largest single project in the Power Industry, Statnett SF's (Tromso, Norway) Statnett SF's (Tromso, Norway) $2.42 billion Balsfjord-Hammerfest transmission line, for which ABB is performing turn-key services. The 360-kilometer, 420-kilovolt line is in its planning and scheduling phase and is set to be completed in mid-2020. For more information, see Industrial Info's project report.
Another closely watched Power Industry project is Statoil's $2.01 billion Dudgeon Offshore Windfarm, offshore Cromer, England, for which ABB received a roughly $55 million order to supply an underwater, alternating-current (AC) power cable system. The 402-MW windfarm will be located 20 kilometers offshore and comprise 67 structural steel towers, each with a 6-MW Siemens AG wind turbine generator sets. For more information, see Industrial Info's project report.
The five other highest-valued projects to involve ABB are:
At the end of the first quarter, ABB's order backlog was up 2% from the same period last year, to $25.98 billion, with its strongest gains in its Electrification Products and Power Grids segments. The book-to-bill ratio stood at 1.17; a ratio of more than 1 indicates a company has a demand for orders that exceeds what it can immediately supply.
The highest-valued project to involve ABB is one of the most closely watched oil-production plans in Europe: Statoil ASA's (NYSE:STO) (Stavangar, Norway) $14.49 billion Johan Sverdrup Offshore Production Platform, Phase I, offshore Norway in the North Sea. The platform will comprise four installations--process, drilling, riser and living-quarters--with an estimated production of 315,000 and 380,000 barrels of oil equivalent per day in the first phase, as well as 3 million to 5 million cubic meters per day of natural gas. ABB received a $90 million contract to build a two-cable, 200-kilometer, high-voltage system that will supply 100 megawatts (MW) for the project, which is expected to be fully online in mid-2019. The cables also are expected to reduce CO2 emissions. For more information, see Industrial Info's project report.
Elsewhere in the world, ABB secured a deal to provide equipment and services to two major components of INPEX Corporation's (Minato, Japan) Ichthys LNG project in Australia's Browse Basin: the $2.24 billion floating production, storage and offloading (FPSO) condensate facility and the $2.24 billion central-processing facility. The subsea structure will supply INPEX's 8.9 million-metric-tonne-per-year liquefied natural gas (LNG) production plant in Darwin; the FPSO is expected to have a holding capacity of up to 1.14 million barrels of condensate. For more information, see Industrial Info's project report on the FPSO facility and the central-processing facility.
Earlier this year, INPEX said that the last topsides lift had been completed on the 336-meter-long FPSO facility, which is to be located 3.5 kilometers from the field's central processing facility. The project is expected to commence production in September 2017; according to LNG Industry, it is at least six months behind the original schedule, owing to changes in the project's scope that are likely related to the ongoing global glut in LNG. The Ichthys LNG Project is a joint venture between INPEX; its major partner Total S.A. (NYSE:TOT) (Paris, France), CPC Corporation Taiwan (Taipei, Taiwan) and the Australian subsidiaries of Tokyo Gas Company Limited (Tokyo, Japan), Osaka Gas Company Limited (Osaka, Japan), Kansai Electric Power Company Incorporated (Fukuoka, Japan), Chubu Electric Power Company Incorporated (Chuden, Japan) and Toho Gas Company Limited (Nagoya, Japan).
More than $24 billion of the total investment value for projects involving ABB is located in Scandinavian countries. This includes the largest single project in the Power Industry, Statnett SF's (Tromso, Norway) Statnett SF's (Tromso, Norway) $2.42 billion Balsfjord-Hammerfest transmission line, for which ABB is performing turn-key services. The 360-kilometer, 420-kilovolt line is in its planning and scheduling phase and is set to be completed in mid-2020. For more information, see Industrial Info's project report.
Another closely watched Power Industry project is Statoil's $2.01 billion Dudgeon Offshore Windfarm, offshore Cromer, England, for which ABB received a roughly $55 million order to supply an underwater, alternating-current (AC) power cable system. The 402-MW windfarm will be located 20 kilometers offshore and comprise 67 structural steel towers, each with a 6-MW Siemens AG wind turbine generator sets. For more information, see Industrial Info's project report.
The five other highest-valued projects to involve ABB are:
- $1.81 billion: Total S.A.'s Martin Linge Crude Oil and Natural Gas Production Platform in the North Sea, offshore Norway
For more information, see Industrial Info's project report. - $1.65 billion: Dong Energy AS's Walney Offshore Windfarm (Phase I), near Barrow-in-furness, England
For more information, see Industrial Info's project report. - $1.65 billion: Dong Energy AS's Walney Offshore Windfarm (Phase II), near Barrow-in-furness, England
For more information, see Industrial Info's project report. - $1.58 billion: LKAB's iron ore mine expansion in Kiruna, Sweden
For more information, see Industrial Info's project report. - $1.4 billion: EnQuest plc's Kraken FPSO field conversion in the Kraken Oil Field, in the North Sea
For more information, see Industrial Info's project report.
