Gas Tech 2008 Fln g Business Presentation

GasTech 2008 Conference / 10-13 March 2008 © 2008 Mustang Presentation. All Rights Reserved.

The Latest in The Latest in Floating LNG TechnologiesFloating LNG Technologies

Presented by:

Bryan Trocquet & Scott Worthington

GasTech 200810-13 March 2008


Presentation OutlinePresentation Outline

Market Overview

Mid-Scale LNG FPSO

Liquefaction Process Technologies

Proven Technologies


Market OverviewMarket Overview


Business DriversBusiness Drivers

• Producing additional LNG & LPG supply

• Developing “stranded” gas reserves

• Maximizing the value of gas reserves

• Creating “mobile assets”… flexible for support of multiple locations


LNG Supply / Demand LNG Supply / Demand

800+ fields: 0.5 800+ fields: 0.5 -- 2 TCF2 TCF

• Worldwide LNG demand growing

• LNG supply constrainedLarge liquefaction projects … long lead times

• Major interest in monetizing stranded gas reserves

16 50 – 500 TCF

940 Fields 0.25 – 0.5 TCF

5,085 Fields 0.01 – 0.1 TCF

6,243 Fields

1,620 Fields 0.1 – 0.25 TCF

668 Fields 0.5 – 1 TCF

163 5 – 50 TCF

<0.01 TCF

641 Fields 1 – 5 TCFTargeted reservesfor Mid-scale LNG

projects

Data source: Syntroleum, IHS Energy


MidMid--Scale LNG FPSO CostsScale LNG FPSO Costs

• Traditional, base load liquefaction costs at all time high

• Mid-scale LNG FPSO … a lower cost solution• Cost advantages … LNG FPSO

Multiple liquefaction technologies availableModularizationNo harbor requiredUse of existing vessels is possibleMore fabrication options


Announced LNG FPSO DevelopmentsAnnounced LNG FPSO Developments

FLEX LNG

Petronas

FLEX

Announced Project

Feasibility Study

SBM

Project Developer


MidMid--Scale LNG FPSOScale LNG FPSO


MidMid--Scale LNG FPSO Project ScopeScale LNG FPSO Project Scope

LNG Liquefaction Building Blocks

Hull (new or converted)• Ship or Barge• Steel or concrete

Utilities

PLEM

Sub-sea Gas Pipeline

MooringSystem

Riser

0.5 – 2 tcfNatural Gas Reserves 1 mtpa = 150 mmscfd

Gas Treating• CO2, H2S, Mercury

• Solid Bed Dehydration

Heavy EndsRemoval• C5 +

Liquefaction/LPG• APCI• COP• Hamworthy• Linde• LNG Smart®

LNGTransferSystem• Arms• Hoses

LNG / LPG Storage• SPB, Moss, Membrane, LNG Smart®


Liquefaction Process Liquefaction Process TechnologiesTechnologiesMustang LNG SmartMustang LNG Smart®®


LNG SmartLNG Smart®®

Liquefaction SolutionsLiquefaction Solutions

Mustang has developed a suite of robust turbo-expander based processes that:

• Are safe and environmentally responsible• Enhance LNG process efficiency • Reduce cost and schedule through modularization • Provide simple, reliable, and flexible operation• Respond to field production swings• Use industry proven components at optimum sizes• Minimize equipment count


Gas to LNG Block FlowGas to LNG Block Flow

* Patents Pending

SourceGas

LNG Smart®

Liquefaction Processes*

with Turbo-Expanders(including C5+ Removal)

Optional Condensate

Stabilization & Storage

LNG Storage

Gas Treating CO2 & H2S Removal,

Dehydration, Mercury Removal


NDX-1

• Closed loop nitrogen refrigeration with dual expanders

• Simple, compact design

• 91-93% thermal efficiency

Liquefaction LPG Recovery

EFFI

CIE

NC

Y

• Open loop source gas refrigeration


OCX-2

• Closed loop refrigerant plus open loop source gas refrigeration


OCX-R

• Similar to OCX-R; adds LPG recovery

• Btu control for LNG interchange-ability


OCX- Angle

Nitrogen Source Gas Source Gas + Refrigerant * Patents PendingRefrigerant:

Open Cycle Expander plus

Refrigerant

Open Cycle Expander with

“Angle” LPG ExtractionOpen Cycle ExpanderNitrogen Dual Expander

LNG SmartLNG Smart®® Liquefaction Liquefaction Technologies*Technologies*


LNG SmartLNG Smart®® Liquefaction Process* NDXLiquefaction Process* NDX--11(Dual Expander)(Dual Expander)

91 to 93% Thermal Efficiency

LNGFlash

Boil-Off Gas from

LNGStorage

LNG to StorageSource Gas

Cold Box Plate Fin

Exchanger

“Warm” N2 Expander

Fuel Gas

“Cold” N2 Expander

Nitrogen Loop

Compression * Patent Pending* Patents Pending



LNG SmartLNG Smart®® Liquefaction Process* OCXLiquefaction Process* OCX--2 2 (Open Cycle Expander)(Open Cycle Expander)

LNGFlash

Boil-Off Gas from LNGStorage


Fuel Gas

Cold Box Plate Fin

Exchanger

Turbo-Expander

Recycle Gas Compression

Flash Gas Compression

* Patent Pending


LNG SmartLNG Smart®® Liquefaction Process* OCXLiquefaction Process* OCX--RR(Open Cycle Expander)(Open Cycle Expander)

LNGFlash



Fuel Gas

Cold Box Plate Fin

Exchanger

Turbo-Expander



Closed-Loop Refrigeration


* Patent Pending


LNG SmartLNG Smart®® Liquefaction Process* OCXLiquefaction Process* OCX--AngleAngle(Open Cycle Expander)(Open Cycle Expander)

• 91 to 93% Thermal Efficiency• Produces both LPG and LNG products

LNGFlash


LNG to StorageSource

Gas

Fuel Gas

Cold Box: Plate Fin Exchangers

Turbo-Expander



Closed-Loop Refrigeration

(optional; recommended for most feeds)

LPG to Storage

Integrated LPG Recovery

* Patent Pending


OCXOCX--R Process Layout on FPSOR Process Layout on FPSO

Mustang LNG Smart® OCX-R Liquefaction Process, .75 mta, Layout on FPSO

75 ft

(22.

5 m

)120 ft (36.5 m)

Approx. weight = 1800 tons

Height = 55ft (16m)


NDXNDX--1 Process Layout on FPSO1 Process Layout on FPSO

Mustang LNG Smart® NDX-1 Liquefaction Process, 0.6 mta, Layout on FPSO

75 ft

(22.

5 m

)100 ft (30.5 m)

Approx. weight = 1600 tons

Height = 55ft (16m)


LNG SmartLNG Smart®® Liquefaction Liquefaction Process ComparisonsProcess Comparisons

93%93%92%93%Thermal Efficiency(1)

0.75 mtpa0.75 mtpa0.55 mtpa0.625 mtpaMaximum Capacity per Train

28 221618

(incl. fuel gas compression)

Equipment Count per Train

LM6000 precooling

LM6000 precoolingLM6000LM6000Main Compressor

Driver (2)

0.410.400.460.41Specific PowerkW-h/kg product

Source Gas & Closed-Loop Refrigerant

Source Gas & Closed-Loop Refrigerant

Source GasNitrogen GasRefrigerant

OCX-AngleOCX-ROCX-2NDX-1

Liquefaction Processes*

Note:(1) Thermal efficiency calculated as the ratio of the higher heating value (HHV) of the products to the feed.(2) Precooling of the inlet air increases the gas turbine power output.

Process comparison based on simulation of identical feed gas

* Patents Pending


Process Design• Multiple train design (75 mmscfd, 0.5 mta) improves reliability & availability• Less equipment than SMR, DMR & Cascade = less cost, easier operation• Fits on LNG carrier (new / converted) or barges (steel or concrete)

Operations• Responds quickly to oil and gas field fluctuations• Handles variable gas feed rates and compositions• Turndown to zero, recycle flash gas keeps system cold• No cryogenic compression required, lower cost, shorter delivery• Proven gas plant components: compressors, expanders, brazed aluminum heat

exchangers, gas turbine or electric drives• Quick, warm startup. No long cool-down or refrigeration sequence• Insulated “cold box” keeps systems at temperature for several days

Additional OCX / NDX BenefitsAdditional OCX / NDX Benefits


Proven TechnologiesProven Technologies


Proven TechnologiesProven Technologies

• Proven Cryogenic, GP and FPSO experience worldwide − Ortloff – 200+ Gas Processing Facilities Licensed since 1980− Mustang – FPSO Topsides engineering and EPCM− Salof – Single Cycle Turbo Expander design & Module Fabrication

• LNG Peak Shaving Facilities − Small scale LNG liquefaction (5-50 mmscfd)− 23+ “expander based” operating facilities worldwide

• Salof - Single Cycle Design in Operation − 5.25 mmscfd in China


Beihai XinAo Gas Company LNG Plant, Weizhou Island, PR China

KryopakKryopak EXP LNG ProcessEXP LNG Process

Single cycle turboSingle cycle turbo--expander refrigeration processexpander refrigeration process

– Refrigerant from process gas– Minimal equipment at cryogenic temperatures– Plant currently in operation (5.25 mmscfd)


Thank you!Thank you!

Questions?Questions?

Email: [email protected]: [email protected]

Gas Tech 2008 Fln g Business Presentation

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