Entrepose

COMPANY PROFILE

2014

Entrepose Contracting

+ 33 (0)1 57 60 93 00 | www.entrepose.fr

Project management expertise

Editorial: Tim Hands

A group specialising in the design and execution of complex industrial projects, Entrepose Contracting’s expertise spans the oil and gas, general energy and coastal operations industries, with a particular focus on the developing of project management expertise and the handling of projects in sensitive environments.

The Entrepose Contracting Group’s unique bank of knowledge has been steadily accrued throughout its near 80 years of operation across the energy markets. Widely renowned for its expertise in designing and carrying out industrial projects right through to their completion, the company works with transport, processing, storage and drilling, in addition to delivering turnkey projects. Its areas of focus

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are broken down into six broad headings.

Entrepose Projects covers the engineering, construction and commissioning of oil and gas- related projects, as well as the storage of liquid hydrocarbons, industrial gases and natural gases.

The group’s pipeline activities are taken care of by its 2007 acquisition, Spiecapag, a world leader in onshore

pipeline laying and able to join in its maritime works activity through the complementary activity of the Geocean subsidiary.

Drilling is undertaken by Cofor, specialists in onshore deepwell drilling as well as deep sea sounding, while its presence in 30 countries lends Geostock firstclass credentials in design, project management support and operation

Entrepose Contracting of underground storage facilities in France and abroad.

The final aspect, Entrepose Services, has recently been bolstered to now include support in logistics, transport costs and regulatory procedures, alongside control of the complete supply chain. “It’s a network of sourcing offices throughout the world,” explains Business Development Director, Jacques Menochet of the procurement division of the company.

“We have offices in Houston, Paris, Dubai, Singapore - among many others - which gives us an excellent coverage and allows us to offer to our customers the parts they need at the best price and in the best sourcing location.”

ENTREPOSE HISTORY “The first use of the name Entrepose was in 1935,” details Menochet, “working primarily in France. The

international markets were targeted around 1966, laying the first pipeline in Iran, while in 1982 the company merged with Grands Travaux de Marseille, a renowned civil contractor in France, before GTM then merged with Vinci in 2000. Following various reorganisations of the business, Entrepose Contracting was created in 2001, with next month bringing the 13th anniversary of the oil and gas project in Algeria which Entrepose held at the time.”

2005 was of notable importance in what is a highly decorated timeline for the company, seeing it debut on the stock markets in Paris. “We were able to make some acquisitions with the money that was raised through this move,” explains Menochet, “including the offshore division which we today know as Geocean, in 2006. This was joined in a similar fashion by Spiecapag, the pipeline division, in 2007. Most recently,

we completed the acquisition of Geostock in 2012, which gives us an underground engineering and management company. This completes our six business lines, with Entrepose Projects really representing the original contracting company through the design and construction of production and treatment plants and a speciality in LNG Tanks.”

Among Entrepose’s most important recent developments has been its decision to, in a sense, ‘streamline’ its operations, and so bring together in a much more synthesised way its various subsidiaries, under a more cooperative umbrella. “The point is not so much to get all of the companies working under the same procedures, because each company has its own characteristics - Entropose Projects is very much geared toward complex projects for processing plants, for instance, while the pipeline division is a completely

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different business. What we can streamline, however, is the project management that we are putting in place. We are trying to make universal the people and procedures we have in this respect, and we can also try to align the business of HSE procedures, as well as the commercial development of the business.

“We have a lot of commercial people working for the company,

Entrepose’s collective conscious, among them a significant contract in Iraq for the construction of oil storage tanks at Tuba, as part of the West Qurna-2 Project Development for Lukoil, worth a total of around US$61 million. Its globally-recognised expertise in the construction of storage tanks sees Entrepose Projects take the role of project leader, with Dominique Bouvier, Entrepose Contracting’s former

with this contract, the opportunity for Entrepose Projects to enter the promising Iraqi oil and gas market.”

Also notable in the company’s development plans are its Wheatstone project in Australia, comprising two LNG storage tanks with a capacity of 150,000 m³ each and two condensate storage tanks with a capacity of 120,000 m³ each, and the construction of a 450 km gas pipeline in Papua New Guinea.

and this way they are able to support each other and enjoy a very good relationship with the client.”

Chairman and CEO, describing its importance as the contract was awarded back in 2012: “The signing of this contract reflects the strength of our knowhow and our expertise in the construction of storage tanks. We are also extremely delighted to have,

“The Papua New Guinea pipeline project is now complete” explains Menochet. “It was our very last project and has been a very successful one too, and we have also completed the Tuba project for Lukoil. The Wheatstone LNG Tank

PROOF IN THE PROJECT There are a number of notable projects currently at the forefront of

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Entrepose Contracting project is still ongoing, and progress is around 30% and proceeding well, with no issues so far. Also very important for us is the four LNG Tanks that we have to build in Russia, alongside an ongoing pipeline project we have in Bolivia. The pipeline division is also working on a small project in Australia, where we have regular business, and in West Africa too.”

The company’s three main business lines for these significant EPC contracts have been identified as Spiecapag, for its dealings with pipelines, Geocean, for offshore works, and Entrepose Projects.

“These three companies together account for more than 70% of our revenue,” explains Menochet, “so we are really focussing on these EPC contracts - Spiecapag in particular in the last two or three years has been one of the biggest contributors

“We are looking to move into the Russian market and to develop projects in East Africa”

in this sense, because of the huge contracts that we have been able to secure.”

Despite an already impressive geographical covering, which sees Entrepose have dealings in a host of the most important locales worldwide, Jacques Menochet is still able to pinpoint further areas which the company is targeting in its future plans.

“We are looking to move into the Russian market, absolutely, and we also look forward to developing projects in East Africa. These are primarily onshore, and there is also the possibility of liquefaction plants in Mozambique and Tanzania. Brazil in itself is a very difficult place to begin operations, with its very deep waters, but if we can find a niche over there then this will be among the most important locations for us moving forward.”

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