Gas Electric Partnership

Floating Production Storage and Offloading (FPSO)

Feb 8th 2012

page 2

Agenda

� The FPSO Industry� Drivers for FPSO

� FPSO Layout

� Mooring Solutions

� History

� FPSO’s in Operation

� Forecast

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Drivers for FPSO

� Why use an FPSO?� Storage� Payload� Real estate� Easy to install� Remote locations� Relocation

� FPSOs were first deployed as an economical solution for marginal fields.

� Later, FPSOs became an essential component in developing remote offshore fields as Early Production Systems (EPS).

� Increasing production capacity, turret/swivel technology and riser advances have allowed their utilization as full field production facilities.

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FPSO Layout

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Turret Moored

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Spread Moored

Shell Spain

Castellon Field, Offshore Spain

1976 – 1986

Tanker Size 60,000 DWT

Storage Cap. 420,000 bbls

Water Depth 384 ft

Production Rate 20,000 bbls/day

Riser Single 4” ID

Mooring System Single

Anchor Leg System (SALS)

Offloading Side by Side

Contract Turnkey

Supply of Mooring System SBM

FPSO Castellon

Amoco Int’l.

Cadlao Field, Offshore Philippines

1981 – 1991

Tanker Size 127,000 DWT

Storage Cap. 720,000 bbls

Water Depth 310 ft

Production Rate 30,000 bbls/day

Riser 2 x 6” I.D. Flexible

Mooring System Single

Buoy Storage System (SBS) 6 legs

Offloading Tandem

Contract Turnkey

System Supply with Lease & Operations

FPSO II

Ashland Oil

OPL 98 Concession,

Offshore Nigeria

1985 – 1998

Tanker Size 285,000 DWT

Storage Cap. 1,750,000 bbls

Water Depth 135 ft.

Production Rate 40,000 bbls/day

Mooring System Jacket Soft Yoke

Offloading Tandem

Contract SBM Turnkey

System Supply, Lease and Operation

FPSO VI

BHP Petroleum

Jabiru Field, Timor Sea

Offshore Australia

1986 - 2010

Tanker Size 160,000 DWT

Storage Cap. 845,000 bbls

Water Depth 400 ft.

Production Rate 27,000 bbls/day

Riser/Mooring Ext. Disconnectable Turret.

Offloading Tandem

Contract SBM

System Turnkey Supply of Disconnectable Riser Mooring System

FPSO Jabiru Venture

Shell Expro

Teal & Guillemot Fields

Offshore UK

1996 - present

Tanker Size 129,500 DWT

Storage Cap. 850,000 bbls

Water Depth 295 ft.

Production Rate 60,500 bbls/day

Riser 12 Flexibles

Mooring System Internal Turret

Offload Tandem

Contract SBM Turnkey Supply, tanker, topsides, mooring & installation (first such contract by operator)

FPSO ANASURIA

Petrobras

Espadarte Field, Offshore Brazil

1997 - 2001

Tanker Size 285,000 DWT

Storage Cap. 1,750,000 bbls

Water Depth 2,625 ft.

Production Rate 100,000 bbls/day

Riser 33 flexibles, 14 umbilicals

Offloading Tandem

Mooring System Internal Turret

Contract SBM Turnkey Supply,re-refurbishment, lease, operate

Note: FPSO now being re-refurbished for 3rd relocation to Baleia Azul Field, Brazil

FPSO Espadarte

West Africa

2002 - present

Tanker Size 297,000 DWT

Storage Cap. 2 million bbls

Water Depth 2,100 ft.

Production Rate 114,200 bbls/day

Riser 7 flexibles

Offloading Tandem

Mooring System External turret

Contract Turnkey Supply, Lease & Operate

FPSO Falcon

FPSO Mondo

FPSO Saxi Batuque

FPSO Serpentina

FPSO Xikomba

ExxonMobil EPS

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FPSO Espirito Santo

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FPSO Frade

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FPSO P57

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Capixaba FPSO

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Questions?