Field Name: OyoCountry: Nigeria, West AfricaBlock: OML 120Distance from shore: 70 kmWater depth: 410 mEstimated reserves: 50 mbo (Oyo 1-6)Daily production: - Current: - Future: 21,000 bopd (with Oyo 7, 8, 9)

Current DevelopmentArmada Perdana FPSO: Classification: ABS Flag: Panama Type: Conversion DWT = 156,483 tons L = 308.7 m B = 46 m D = 22.6 m Tmax = 17 m Water depth: 350 m Processing capacity: 40,000 bpd Storage capacity: 1 bbls (1.1?) Gas compression capacity: 66mmscf per day Hull construction: Single hull + side impact protection Riser system: 4x (2 production, 1 gas injection, 1 gas lift) Mooring system: 12 point spread mooring (permanent) Accommodation: 87 persons

New DevelopmentKauliara FPSO (conversion)Shuttle Aframax tanker ~ 600,000 bblParcel size = Shuttle tanker capacity ~ 600,000 bblLight oil 34.5o API ~ SG = 0.850Estimated production: 21,000 bopdDesign production: 35,000 bopdUptime: 98% of design production (worst case size wise)

i) Mean shuttle interval = 600,000 / (35,000 * 98%) = 17.49 days ~ 17 daysii) Assuming 12 days buffer (West Africa uncertainties no dedicated shuttle tankers):Total capacity = (17+12)*35,000 = 1,015,000 bbliii) Oil cargo storage / LBD ratio = 60%, assuming: CB = 0.86 Spread mooring Single machinery space Modest ballast capacity1,015,000 bbl*0.159 = 161,385 m3So, hull LBD = 161,385/0.60 = 268,975 m3iv) Assuming: L/B = 7.3 B/D = 1.6