Marginal Field Production Vessel The Solution For Marginal Fields & Early Production! 1 Presentation in Partnership with SOPETRO Offshore Nigeria
Sopetro and IOC have formed a strategic alliance to pursue energy projects in Nigeria and the West Africa region. Sopetro will mainly provide local content, local knowledge and local management expertise while IOC will mainly provide technical expertise, project management and engineering. The alliance will focus on introducing the IOC s newly patented Marginal Field Production Vessel (MFPV) into Nigeria. IOC s engineering team by itself and in strategic partnerships with DMAR Houston will provide engineering solutions for shallow and deep-water field developments. 2
Table Of Content MFPV 1) Overview MFPV 2) IOC Objective For MFPV Design 3) Industry Dilemmas 4) Solutions 5) The Tanker 6) The MFPV 3 7) Modifying a New Built Panamax Tanker To MFPV 1) Adding Production Modules 8) The MFPV Production Riser Solution 1) Lazy Wave Riser System For Shallow Water Depth 2) Lazy Wave Riser System With Mid-water Arch For Medium Water Depth 3) Self Standing Riser For Deep Water Production 9) Mooring System Layout 10) Quick Disconnect Of Risers and Moorings 11) Converting Back To Tanker 12) Local Content And Advantages For Nigeria 13) Contact Information
OVERVIEW The IOC MFPV replaces conventional FPSO s (Floating Production Storage & Offloading) units. The MFPV can easily be relocated from one well to the next or from one field to the next. Enables production of marginal fields in shallow and deep water Reduces Capital Expenditure Risk Significantly 4
THE IOC Objective For The MFPV Design Enable production of marginal fields Reduce capital and operating costs for marginal fields. Supply a mobile, easy to relocate Production Unit for shallow and deep water Deliver a temporary storage and low-cost subsea tie back solution (or permanent) Assure Flexibility The MFPV offers modular design options that can be used to satisfy known and un-known conditions. Verify production capacity of field prior to investing in a + $500M-$1B FPSO and assure optimized design of such. 5
INDUSTRY DILEMMAS (Some Examples) Uncertainty in the amount of recoverable reserves High cost associated in acquiring further reservoir information High capital expenditure The various cycles which affect our oil industry have emphasized the need for detailed control of expenditure for development and production of small discoveries. (I.e., low cost solutions needed!) Very small sizes of reserves/pool to the extent of not being economically viable 6
DILEMMAS (Continued); Lack of infrastructure in the vicinity and profitable consumers. Prohibitive development costs, fiscal levies and technological constraints. Developing these fields in an economically attractive manner is often challenging, while the expected revenue streams are smaller due to the smaller reserve sizes. Low stock tank oil initially in place and therefore low reserves Long distance from existing production facilities thereby making them economically unviable to be put on stream Fields not yet considered for development because of marginal economics under the current market and fiscal conditions 7
8 SOLUTIONS FOR Marginal Fields Early Production Low Risk Minimum Lead Time (0-8 Months) No Need To Design For 100 Year Storm Cost Effective / Low Capex Disconnectable Spread Mooring System Modular Production Systems Lift On / Lift Off Easily Deployable and Re-Deployable Can Be Converted Back to Tanker in Few Days. Shallow to Ultra Deep Water, (=Same MFPV) No Tanker Under-Deck Modifications Needed Mobilization / Hookup in the Field 1- day Demobilization from Field in 4 hours Easy upgradable to meet demands for increased production
9 Copyright IOC contained in this drawing is Proprietary and Confidential. Any Reproduction and/or Distribution of this drawing without permission of IOC is Strictly Prohibited.
The Tanker 10
Converting Panamax Tanker To MFPV 11
Converting Panamax Tanker to MFPV Add Chain Stopper Foundations Quick Release Chain Stoppers Deck Sheaves Winches Fairleads Flare Boom Support Crane For Production Modules Load Out Area Offloading Hose Reel and guide chute. Production Module Foundations Production Modules Helipad 12
Converting Panamax Tanker to MFPV 13
Adding Production Modules 14
Adding Production Modules 15
Lazy Wave Riser System for Shallow Water Depth 16
The MFPV 17
Lazy Wave Riser System for Shallow to Medium Water Depth Lazy Wave to PLEM Connection & Using Gravity Base 18
MEPS Self Standing Riser System For Deep Water Full Profile View For water depth al the way to +10,000 ft 19
Lazy Wave Riser System for Shallow Water Depth Lazy Wave to PLEM Connection & Using Mid-water Jacket 20
MEPS Self Standing Riser System For Deep and Shallow Water Note:The MEPS Free Standing Riser System is a patented intellectual property owned by MEPS 21
Aft Mooring System Lay-Out Mooring System Pull in will be the same for shallow or deep water moorings. Chain Lockers allow for storage of chain tails removed from moorings. Chain tails can be handed over to Anchor Handling Tug for reconnection to mooring system in the event of a emergency abandonment of moorings due to weather etc. 22
Fwd Mooring System Lay-Out Mooring System Pull in will be same for shallow or deep water moorings. Chain Lockers allow for storage of chain tails removed from moorings. Chain tails can be handed over to Anchor Handling Tug for reconnection to mooring system in the event of a emergency abandonment of moorings due to weather etc. 23
Quick Disconnect System Riser(s) Riser Disconnection will take 4 to 6 hours using quick disconnect riser porch. 24
The MFPV Quick Disconnect System Riser Disconnected PATENT NO. 61942227 - FPSO MODULAR SYSTEM. 80t SUPPORT CRANE MODULAR PRODUCTION SYSTEM 80t SUPPORT CRANE (OPTIONAL) FLARE BOOM OFF-LOADING HOSE REEL GUIDE CHUTE SURFACE MARKER BUOY THRUSTER TYPICAL SUBSEA BUOY BUOYANCY MODULES CHAIN MOORING LINE POLYESTER FLEXIBLE RISER EXTENSION BUOYANCY MODULE STANDARD JOINTS MEPS FREE STANDING PRODUCTION RISER 25
Quick Disconnect System Moorings Mooring Disconnection will take 20 minutes (or less) using quick disconnect chain stoppers. Note: Details of quick release chain stopper not shown due to being IOC proprietary design. 26
Quick Disconnect System 4 Mooring Lines Disconnected 27
Quick Disconnect System All Mooring Lines Disconnected 28
Quick Disconnect System MFPV Navigating Off by Own Propulsion Mooring Lines can have sub-sea pickup buoys or surface pick-up buoys. Depending on water depth, conditions and availability of ROV s 29
MFPV - Modular System PATENT NO. 61942227 76mm / 84mm MOORING CHAIN STANDARD RIG CHAIN - FPSO MODULAR SYSTEM. CHAIN DISCONNECTED 76mm / 84mm CHAIN STOPPER/ FAIRLEAD ARRANGEMENT QUICK DISCONNECT COMPRESSION GAS 20 MMSCFD AIR NITROGEN MODULE TYPICAL CHAIN STOPPER FOUNDATION MOUNTED ON DECK (8 OR 12 POINT SPREAD MOORING SYSTEM) LAYDOWN AREA 80t SUPPORT CRANE 80t SUPPORT CRANE (OPTIONAL) FLARE BOOM GUIDE CHUTE DECK SHEAVE OFF-LOADING HOSE REEL MOORING PULL-IN WINCH DOUBLE DRUMS EXTENDED RETRACTED RISER PULL-IN WINCH 15,000 BWPD WATER TREATMENT COMPLETION FLOWBACK MODULE TYPICAL 30,000 BOPD OIL SEPARATION PRODUCTION MODULE TYPICAL HULL SIDE RETRACTABLE RISER PLATFORM QUICK DISCONNECT RISERS EXTENDED PLAN VIEW RETRACTED POWER GENERATION MODULE (OPTIONAL) 30
MFPV Converting Back to Tanker 31
MFPV Converted Back to Tanker Ready For Shipping / Trading of Oil 32
Advantages for Nigeria Sample List of Advantages for Nigeria A large number of marginal fields currently un-economical can now be produced cost effectively A large number of MFPV s will increase the need for local Nigerian labor and involvement of local communities MFPV s to be supplied on a lease basis with little or no local funds needed. 33
Local Content for Nigeria The following Local Content can be Assigned for Nigeria Chain Stopper Foundations Quick Release Chain Stoppers Deck Sheaves Fabricating Parts for Winches Fairleads Fabricating Parts for Flare Boom Fabricating Parts for Support Crane For Production Modules Fabricate support structure for Load Out Area Fabricate Parts for Offloading Hose Reel and guide chute. Fabricate Production Module Foundations Assemble Production Modules... More. 34
CONFIDENTIALITY THE INFORMATION IN THIS PRESENTATION IS IOC COPYRIGHTED INTELLECTUAL PROPERTY. ANY REPRODUCTION AND/OR DISTRIBUTION OF THIS DOCUMENT OR PART OF THIS DOCUMENT, WITHOUT PERMISSION OF IOC IS STRICTLY PROHIBITED. THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No.: 61942227 By: Ove Akerblom President: Intrepid Offshore Construction Inc. Houston, TX, 77079, USA 35
SOPETRO & IOC Strategic Partnerships Established: Contact Information Sopetro Offshore West Africa Ltd CEO: Seun Alonge 31B Raymond Njoku Street. S.W. lkoyi Lagos, NIGERIA Tel: + 234 1 453 6092--3 Mobile: + 234 816 954 1422 www.sopetro & IOC.com Intrepid Offshore Construction Inc. President: Ove. W Akerblom 1701 Brittmoore Rd Houston TX, 77079 USA. Tel Houston: +1 713 677 0200 Tell Nigeria: + 234 1 453 6092--3 Mobile: +1 281 871 0380 www.sopetro & IOC.com 36