FPSO Update for NOIA 2012 Fall Meeting · Petrobras America General Meeting - 2nd Quarter 2009 1...

Petrobras America General Meeting - 2nd Quarter 2009

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Chinook

Cascade

Gas Export

FPSO Update for NOIA 2012 Fall Meeting

Gregory D. Roland

Regulatory Compliance Area Manager

Petrobras America Inc. October, 2012


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The presentation may contain forecasts about future events. Such forecasts merely reflect the expectations of the Company's management. Such terms as "anticipate", "believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein. The Company is not obliged to update the presentation/such forecasts in light of new information or future developments. All projects forecasted herein are subject to approval by the appropriate stakeholders.

The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as oil and gas resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.

CAUTIONARY STATEMENT FOR US INVESTORS

Disclaimer


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History


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More History

• 1891 – 1896 Ohio and California • 1900 – Gulf of Mexico, Texas and Louisiana • Drilled on platforms, not too far from shore • 1947 - Approximately 50 years pass – out of sight of land • Need for storage or pipelines.... • Going farther out, the more the technology has to increase • Floating rigs / facilities


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FPSO

Floating Production Storage and Offloading


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Long History of Technological and Operational Leadership in Deepwater


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Year Cascade Chinook

2002 1 Discovery Well

2003 1 Discovery Well

2005 2 Appraisal Wells

2006 Petrobras Operator

2009 2 Wells

2010 1 Well

2012 1 Well Producing 2nd Well by end of year

1 Well Producing 2nd Well drilling

Cascade and Chinook Field History (1996 Lease Sale)


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Cascade and Chinook Location & Infrastructure

BRETON SOUND

MAIN PASS S.& E. ADDNSMAIN PASS

E. ADDNSOUTH PASS

E. ADDNCHANDELEUR

CHANDELEURCHANDELEUR SOUND

SOUTH PADRE ISLAND

MISSISSIPPI SOUND

SABINE PASS

ADDN.CHANDELEUR SOUND

BRAZOS

MATAGORDA ISLAND

MUSTANG ISLAND

NORTH PADRE ISLAND

HIGH ISLAND

S. ADDNGALVESTON

GALVESTON

S. ADDNBRAZOS

S. EXTE. ADDN

HIGH ISLAND

E. ADDNHIGH ISLAND

S. ADDNHIGH ISLAND

ISLANDSOUTH PADRE

E. ADDNISLAND

NORTH PADRE

E. ADDNMUSTANG ISLAND

PORT ISABEL

CORPUS CHRISTI

SABINE PASS

E. ADDN

KEATHLEY CANYON

GARDEN BANKS

ALAMINOS CANYON

EAST BREAKS

WALKER RIDGE

GREEN CANYON

EWING BANK

SIGSBEE ESCARPMENT

MISSISSIPPI CANYON

VIOSCA KNOLL

MOBILE

AMERY TERRACE

S. ADDNWEST CAMERON

W. ADDNWEST CAMERON

WEST CAMERON

PENSACOLA

LUND SOUTH

LUND

ATWATER VALLEY

S. ADDNVERMILION

VERMILION

S. ADDNEAST CAMERON

EAST CAMERON

HENDERSON

LLOYD RIDGE

DE SOTO CANYON

DESTIN DOME

S. ADDNISLAND

SOUTH MARSH

ISLANDSOUTH MARSH

N. ADDNISLAND

SOUTH MARSH

FLORIDA PLAIN

SHIP SHOAL

S. ADDNEUGENE ISLAND

EUGENE ISLAND

SOUTH TIMBALIER

BAY MARCHAND

SOUTH PELTO

S. ADDNSHIP SHOAL

WEST DELTA

S. ADDNGRAND ISLE

GRAND ISLE

S. ADDNSOUTH TIMBALIER

S. ADDNSOUTH PASS

SOUTH PASS

S. ADDNWEST DELTA

TEXAS

MISSISSIPPILOUISIANA

FLORIDAALABAMA

2,400,0002,200,0002,000,0001,800,0001,600,0001,400,0001,200,0001,000,000 3,400,0003,200,0003,000,0002,800,0002,600,000

1,400,0001,200,0001,000,000800,000600,000400,000200,000 3,000,0002,800,0002,600,0002,400,0002,200,0002,000,0001,800,0001,600,000 3,400,0003,200,000

800,000600,000400,000200,000

9,80

0,00

09,

600,

000

9,40

0,00

011

,200

,000

11,0

00,0

0010

,800

,000

10,6

00,0

0010

,400

,000

10,2

00,0

0010

,000

,000

10,4

00,0

0010

,200

,000

10,0

00,0

009,

800,

000

9,60

0,00

09,

400,

000

11,2

00,0

0011

,000

,000

10,8

00,0

0010

,600

,000

30°0

0'N28

°00'N

26°0

0'N

88°00'W90°00'W92°00'W94°00'W96°00'W

Cascade & Chinook


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Phase 1 • 2 Wells from Cascade & 1 from Chinook; • Subsea X-Trees, Manifolds, Pumps, Flowlines and Risers; • Gas exported by Pipeline and Oil by Shuttle –Tanker.

Potential Phases 2 & 3 • Up to 6 wells on Cascade & 7 on Chinook; • Subsea Trees and Manifolds; • Replacement of the FPSO; • Oil Export: Shuttle Tanker vs. Pipeline.

Option for Phase 3

Phase 1 Configuration

Cascade and Chinook Phased Development


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Cascade and Chinook Well Drilling and Completion Rigs

Ocean Endeavor Diamond Offshore Drilling

2008 2008

West Sirius Seadrill Limited

Discover Deep Seas Transocean Ltd.

2009


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Drilling and Completion of new Wells

VANTAGE - Titanium Explorer Drill Ship

1st Quater 2011 2012

ENSCO – Mendocino Drill Ship

2011


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SUBSEA INNOVATIONS 1.- First pull-in of umbilicals using subsea winch

operated by ROVs

2.- Deepest pipe-in-pipe flowlines

3.- Deepest gas export pipeline (8,200 ft)

4.- Deepest subsea boosting system (8,800 ft)


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Wave Buoy on deck

Cascade and Chinook Wave Buoy Installation and Operation


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Riser Deepest and Highest Pressure Rated Free Standing Hybrid Risers (8200 ft) |

4 Production Risers 1 Gas Export Riser


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Buoy Disconnection

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Should a hurricane come her

way, the FPSO can

disconnect from the

subsea structures and go to

safe waters


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Subsea Installation Vessels

Hereema Balder

Subsea 7 Seven Seas Technip - Deep Blue Technip - Olympic

Challenger

Veolia – Viking Poseidon


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Shuttle Tanker Construction in Philadelphia

Shuttle Launching


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Shuttle Tanker Overseas Cascade

Shipping in the Gulf of Mexico Part of BP’s Macondo Operation

First use of purpose-built Jones Act ShuttleTankers in the USA


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First FPSO in the US Gulf of Mexico Deepest Floating Production System in the World (8200 ft)

FPSO Vessel Name: BW Pioneer

Length - 794 ft Processing Capacity – 80,000 Barrels/day

Storage Capacity – 500,000 BBL Production: February 2012

/ Floating Production, Storage and Offloading


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e cannot currently be displayed.

CASCADE AND CHINOOK Main Highlights

1. First FPSO in the US Gulf of Mexico.

2. Deepest floating production system (8,200 ft).

3. First use of Purpose-built Jones Act shuttle tankers in the US.

4. First pull-in of umbilicals using subsea winch operated by ROV’s.

5. Deepest and highest pressure rated free standing hybrid risers (8,200 ft at 10,000 psi).

6. Deepest pipe-in-pipe flowline (8,800 ft).

7. Deepest subsea boosting system (8,800ft).

8. Deepest gas export pipeline (8,200 ft).

9. First single trip multi-zone – Frac Pack System application (3 zones) in deep wells (27,000 ft).


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SAFETY Over 3 million man-

hour without a Lost Time

Incident

F I R S T


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FPSO BW PIONEER


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FPSO BW PIONEER


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Chinook

Cascade

Gas Export

Thank you.

Gregory D. Roland

Regulatory Compliance Area Manager Petrobras America Inc.

October, 2012

FPSO Update for NOIA 2012 Fall Meeting · Petrobras America General Meeting - 2nd Quarter 2009 1...

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