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North American Downstream Market & Construction Outlook
EPC CONTRACTOR VIEW OF THE DOWNSTREAM MARKET & CONSTRUCTION OUTLOOK
November 14, 2016
Dean WennerEVP & General Manager
North American Downstream Market & Construction Outlook
Ethylene20%
LNG64%
Plastics10%
Petrochemicals3%
Methanol4%
North American Downstream Market & Construction Outlook
Ethylene45%
LNG28%
Plastics4%
Petrochem7%
Methanol16%
$70B
$100B
Ethylene34%
LNG47%
Plastics6%
Petrochem4%
Methanol9%
$135B
Backlog + Planning
Forecast
North American Downstream Market & Construction Outlook
North American Downstream Market & Construction Outlook
North American Downstream Market & Construction Outlook
The US Energy Information Administration this last week raised its 2016 oil demand growth estimate by 40,000 bpd to 1.33 million bpd.The agency also raised its 2017 oil demand growth forecast by 180,000 bpd to 1.52 million bpd.
North American Downstream Market & Construction Outlook
WE MIGHT BE RIGHT!
Will it happen?
Is it sustainable?
What can be done to make the future business more predictable?
• Owners need project success and capital efficiency• Project economics are challenged• Project supply chain is not effective
Is the focus on construction technology and productivity valuable?
North American Downstream Market & Construction Outlook
We are not enabling construction success• Late Deliverables• Inaccurate Deliverables• Late/Incorrect Materials• Unexpected issued with work flow impeded or site access in general
Get the engineering rightGet the materials right
Project & Construction Management LeadershipEmpower Construction to be GREAT
Significant Demand anticipatedHealthy Portfolio of projects
Business casePerformance improvement
North American Downstream Market & Construction Outlook
Strong Outlook
Let’s make it stronger!