BEL Valves

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Subsea NE Launch Event 27th June 2006: Subsea NE Launch Event 27th June 2006


BEL VALVES Richard Dodd Managing Director: BEL VALVES Richard Dodd Managing Director


Capability & Business Focus - Group: Capability & Business Focus - Group Privately Owned 3rd Generation Family Business British Engines Limited (BEL) Established 1922 Employees of 969 World Wide Group Turnover circa £80m Pre-1950 Sub-Contract Machining Post-1950 Strong Product Focus - Valves, Pumps, Glands Value Added Engineering, Manufactured in House Niche Products & Markets with Ownership of Design Investors In People – Stability of Workforce Apprentice Intake 15 to 18 per year – 4 Year Programme Health, Safety & Environment – Culture Driven / Focus


Company History – BEL Valves: Company History – BEL Valves Formed in 1950 to Support ICI Teeside Diversified from PetroChem to Oil & Gas – mid 70s Employees of 358 World Wide Turnover, £44m Main Focus Offshore and Subsea Valves – 50/50 Supply of Complete Package of Valve, Actuator, Controls Marketing, Design, Manufacture, Commissioning & Maintenance Core Values – Customer Intimacy & Product Leadership


Capability & Business Focus: Capability & Business Focus Complete Package of Valve, Actuator, Controls Through Conduit Slab & Expanding Gate Valves Subsea Ball Valves Swing, Piston Check & Globe Valves Key Applications High Pressure (5,000psi to 15,000psi) Sour Service (Exotic Materials – Inconels) From Wellhead up to Separators / Scrubbers Manifolds, HIPPS, ESD, Receivers, Metering, Chemical Injection Worldwide Customer Base Operators to Contractors to SPS Providers to Installers. Key Markets – North Sea, Deepwater West Africa & Caspian


Recent Key Projects: Recent Key Projects


Recent Key Projects (cont): Recent Key Projects (cont) And UK (25%): ChevronTexaco Captain C CNR Brenda, Lyell Kerr McGee Dunbarton, Affleck Shell Gannet, Merganser, Pierce, Starling, Howe II BG Atlantic/Cromarty, Maria PetroCanda Pict ConocoPhillips Callanish/Brodgar Tallisman Tweedsmuir BP Farragon, Rhum And ............


Capability & Business Focus - Valves: Capability & Business Focus - Valves Investment in New Plant and Equipment – BEL Valves Total Investment: £2.6m (2004) & £1.7m (2005) Total Planned Investment £1.4m (2006) Doubled Machining and A&T Capacity in 3 Years Capacity Increase in Manpower of 35% The Oil & Industry is busy (+2011?) Both through UK supply & EU Labour Support - the UK market is saturated! Business Process Re-Engineering Implementation of New Business System Agile and Lean Manufacturing – “Business Excellence” Aligned Material Suppliers – UK & Abroad


Company Status and Future Plans: Company Status and Future Plans Attain Profitable Growth through Integration (Up & Across) Requires Investment in Facilities. Requires Investment in Business Excellence – People & Processes Focus on New Markets - Gas Storage & Nuclear. Retain Technology and Product Lead HIPPS Systems – Subsea & Topside Deepwater HP – 20000 psi Regional Support Training and Education Skilled Labour Pool – Both Staff & Works. Product Technology Development support Growth & Expansion – Support.


5 Minute Q & A: 5 Minute Q & A Thank You. Richard Dodd rd@bel.co.uk +44 191 265 9091