Trevi: “Ready for the Mosul Dam” – BBC

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Trevi: “Ready for the Mosul dam ‘

The Trevi group to already looking for work subsequent
shielding the Iraqi dam
and accelerates the guided machines remotely

Engineer Trevisani, we start from the Mosul dam, which has been widely written. What’s the latest news?
“For years we follow the situation of the dam, the Iraqi Ministry of Water Resources had launched an international tender early as 2009-10. The acceleration was there at the end of 2015, with this new call for an emergency operation of safety measures. We found a convergence and it has come to close the contract with the Italian army and coalition support, the only ones able to provide adequate security in that frame. We sent the first technical, there will be a strong preparatory activities that will conclude in late summer to create the settlement, then 12 months 24 hours of activities that will involve 24 500 people to intervene on the foundations.
The other maintenance operation will concern the exhaust tunnel, which are the basin of the safety valves: one is in fact blocked. The order is worth 280 million euro. Much of the action will be made in a 3.5 km long tunnel, about 120 meters from the crest of the dam, where you will work with drilling technologies to intercept the cracks and dry with adequate technologies. In Mosul we replicate the experience gained over many years of working with the US military genius, our customer since 2001. ”
In October 2017, the end of the work, right?
“Yes, but the dam will have a permanent solution only by building a kind of protective shield, will depend on the Iraqi authorities . It was the design of the initial tender in 2009, he has not yet been awarded. We have invested so much in this project by designing equipment that did not exist on the market. And today, with the experience gained in more than 180 interventions, we feel well prepared for the screen, which could be achieved in 5-6 years. ”
What’s in addition to this contract to the Trevi group?
“We operate in niche engineering foundations. special works for major infrastructure such as subways, ports, bridges … So we see development in this group and will focus primarily Trevi SpA and Soilmec, one providing services and the other equipment: it is a strategic field, are demands more and more underground structures in emerging countries and also we have to facilitate movement in the cities and improve the quality of people’s lives. Then there is the part related to real international concerns buildings and high-rise towers. A growing trend and we realize, for example, a tower of a hundred meters in Dubai and the highest of the entire Boston skyline. We have a hundred projects in 20 states as Trevi Division “.
It is a difficult time for the sectors in which you operate. What are the next trend?
“Construction is growing. That energy is experiencing a downturn and we are seeing a decline in the Oil & amp; Gas for both Drillmec that for Petreven “. In the last quarter, he said: “Continue the restructuring of our industry Oil & amp; Gas to support the current market scenario. ”
How?
“Paying attention to the cost and size of the structures to the markets, while safeguarding the professionalism and above all keeping an eye on all the opportunities coming up in the world. The company is also moving to expand what until now was a minor activity, but in the next few years will cover an important role, the maintenance: who has fleets of equipment needs riqualificarle. Drillmec then moved to better develop the efficiency of drilling. All this thinking that the oil situation will come to an end: we are at around $ 50 a barrel and the operators I considered the world as a good 55- $ 60 price level for investment. ”
Recently, the stock market has not rewarded the Trevi Group. What happened in your opinion?
‘Towards the end of 2014, the Company has made a major capital increase to strengthen the group with a view to expansion, but this coincided with external situations that penalized us: the embargo Russian and the beginning of the fall in oil prices. In addition, as is known, then, in the course of 2015 we had an order went wrong in Central America: has created budget losses and contributed to the depreciation of the shares. It should be said that other companies in the oil sector recorded negative trends, even worse than ours, although they had neither capital gains nor contracts at a loss. Our choice of diversified business, which rests on Oil & amp; Gas and special constructions, the end appears to be more balanced. This does not mean that we work to create value and bring the title to more reasonable values. Today we are listed at less than half the equity does not make sense. We are a solid group with a strong capital structure and in two sectors that are strategic in the medium to long term. We are confident of returning to satisfactory trend. ”
With other local big you are part of the consortium Romagna initiatives. How’s it going experience?
“Companies invest private resources for developing the economy of an area and promote well-being. The link with the territory is therefore twofold, and should be encouraged. We replicate abroad with the “social value” program, aimed at supporting the social value projects: orphanages, schools, construction of water wells. ”
With Google instead have started a collaboration on digital communication. We must also expect more technological synergies?
“I would say no. However, about cars that drive themselves, I can tell you that we have developed controlled drilling equipment remotely and means that work automatically without staff: in Australia already happening and are controlled and operated by Boston. All this, making efficient and safer drilling processes, is the future. Obviously this is not to eliminate the staff, but to push the technology to a level that will improve the environment in which you work. As it happens in the new plant completely self-sufficient thanks to photovoltaic panels and geothermal energy. ”
For that you have participated in Horizon 2020?
“Yes, to have a vision that goes beyond the simple issues of today.”

Andrea Rinaldi