3. AU INDUSTRIAL COMPLEXA New Cluster for the Offshore and
Heavy Industry GE 90 km Industrial Complex (1.5 x larger than
ManhattanManhattan) 90 km Complexo Industrial (1,5x maior que a
ilha de Island)
4. UCN AU: LAYOUT Platform construction area Jacket assembly
area Module construction area Dry dock and ETS Green Curtain
Industrial unit ETA Administrative FPSO buildings Quays
Administrative buildings with LEED Electricity Substation
Certification (US Green 345 kV 13.8 kV Building Council) 90 km
Complexo Industrial (1,5x maior que a ilha de Manhattan)
5. UCN AU: LICENSING SCHEDULE Preliminary InstallationEIA/RIMA
Public License License Beginning of Filling Hearings Issuance
Issuance Construction P Oct-10 P Jan-11 P Feb-11 P Jun-11 P
Jul-11
6. UCN AU: SHIPBUILDING UNIT SCHEDULE PACKAGES PROCUREMENT
MOBILIZATION REMOVAL OF VEGETATION 2Q11 P 2Q11 P PREPARATION OF THE
TERRAIN 3Q11 P 3Q11 P NORTH QUAY AND JACKETS AREA 1Q12 1Q12 DRY
DOCK 1Q12 1Q12 SOUTH QUAY AND RESPECTIVE RETRO AREA 1Q12 1Q12
INDUSTRIAL BUILDINGS 3Q11 P 4Q11 P UTILITIES AND INFRASTRUCTURE
3Q11 P 3Q11 P ADMNISTRATIVE BUILDINGS (LEED) 1Q12 1Q12 AUXILIARY
BUILDINGS (NON-LEED) 1Q12 1Q12 ELECTROMECHANICAL ASSEMBLY 1Q12 2Q12
SUPERVISION SUPPORT 2Q11 P 2Q11 P CONSTRUCTION SITE 3Q11 P 3Q11 P
BREAKWATER 1Q11 P 1Q11 P DREDGING 3Q11 P 3Q11 P
7. UCN AU: ESTIMATED PARTIAL DELIVERIES UCN Sections (Ready)
2012 2013 2014 AREA 1 FOR ASSEMBLY OF JACKETS 4th QUARTER - - AREA
2 FOR ASSEMBLY OF JACKETS - 1st QUARTER -AREA FOR INITIAL CUTTING
OF STEEL PLATES - 1st QUARTER - SLOT 1 FOR FPSO INTEGRATION - 1st
QUARTER - SLOT 2 FOR FPSO INTEGRATION - 2nd QUARTER - SLOT 3 FOR
FPSO INTEGRATION - 3r d QUARTER - SLOT 4 FOR FPSO INTEGRATION - 4th
QUARTER - SLOT 5 AND 6 FOR FPSO INTEGRATION - - 2nd QUARTER
COMPLETION OF CONSTRUCTION OF UCN - - 2nd QUARTER
8. UCN AU: FINANCINGFundo da Marinha Mercante (Merchant Marine
Fund) Credit facility: 80% CAPEX Total tenor ranging from 18 to 20
years with a grace period of up to 3years and interest rates that
vary from US$ + 2% to US$ + 4% per year Lending Agents: BNDES,
Caixa Econmica Federal, Banco do Brasil, BNBand Banco da
Amaznia
9. UCN AU: FINANCINGCapex distribution per year/activity 14,4%
63,6% 20,1% 1,9% 2011 2012 2013 2014 DESCRIPTION OSX (US$) LLX
(US$) DREDGING AND ENGINEERING 93 90 BREAK WATER 135 129 QUAY 262 -
BUILDINGS 339 - DRY DOCK 133 - ROADS AND PAVING 146 - EQUIPMENT,
ENGINEERING AND ENVIRONMENT 487 - OTHERS 119 - TOTAL OF TOTAL
$1.714 $219 US$ 1,933 MM
20. FPSO OSX-1: CREW Total of 89 crew members Age Years of
Experience 4% 14% 20 to 30 years 19% 30 to 40 years Less than 20
years28% 40 to 50 years 49% 20 to 30 years 26% 50 to 60 years
Greater than or equal to 30 years 32% Greater than or equal to 60
years 28%
21. WHP-1 OSX-2 OSX-2 / WHP-1 SYSTEM OGX MODEL
22. OSX-2 / WHP-1 SYSTEMOSX-2 WHP-1 Milestone Date Milestone
Date Arrival of hull at Keppel shipyard (Singapore) 3r d Quarter
2011 Start of construction and assembly 4th Quarter 2011 P&IDs
approved for construction 2nd Quarter 2011 Load Out of WHP-1 3r d
Quarter 2013 FPSO departure from yard 2nd Quarter 2013 Construction
Contract Construction Contract EPCI contract signed with SBM
Signing of LOI with Techint 1Q11 Acquisition of VLCC accomplished
Start of Engineering 1Q11 Long term debt commitment Contract signed
with Techint LOI for Drilling Package signed with TTS Facility
agreement entered into lead by ING, Ita-BBA andSantander: US$ 850
million (12 years, LIBOR +4,41% p.a.) Other financial institutions
participating in the syndicate : HSBC,Citibank, ABN Amro Bank,
Banco do Brasil, NIBC and DnB Nor Debt/Equity structure :
80/20
23. WHP-2 OSX-3 OSX-3 / WHP-2 SYSTEM OGX MODEL
24. OSX-3 / WHP-2 SYSTEMOSX-3 WHP-2 Milestone Date Milestone
Date th th Arrival of hull at conversion shipyard 4 Quarter 2011
Start of construction and assembly 4 Quarter 2011 st th P&IDs
approved for construction 1 Quarter 2012 Load Out of WHP-2 4
Quarter 2013 rd FPSO departure from yard 3 Quarter 2013
Construction Contract Construction Contract Acquisition of VLCC -
accomplished Signing of LOI with Techint 1Q11 EPCI contract signed
with MODEC Start of Engineering 1Q11 Contract signed with Techint
Long term debt commitment Financing: 1st half 2012
25. FPSO OSX-4Milestones achieved and next steps VLCC sister
hulls acquired by OSX in Nov. 2010 : US$ 27 million each FPSO
OSXFLEX concept contracted with CKE Consortium (Chemtech, Kromav
and Exactum) Close-up Survey of the hulls performed by ShipScan and
monitored by Bureau Veritas Milestone Date Preparation Stage:
engineering project for Specifications for hull 1st Q2012
conversion of the hulls conversion End of hull conversion 4th Q2012
Integration UCN Au : 2Q2013 marking the start-up of UCN Aus
activities Arrival of hull at UCN slot 1 2nd Q2013 Delivery at UCN
Au in 2Q2014 Delivery by the shipyard 2nd Q2014
26. FPSO OSX-5Milestones achieved and next steps VLCC sister
hulls acquired by OSX in Nov. 2010 : US$ 27 million each FPSO
OSXFLEX concept contracted with CKE Consortium (Chemtech, Kromav
and Exactum) Close-up Survey of the hulls performed by ShipScan and
monitored by Bureau Veritas Milestones Date Preparation Stage:
engineering project for conversion of the hulls Specifications for
hull repair 2nd Q2012 Integration UCN Au : 3Q2013 marking the
start-up End of hull conversion 2nd Q2013 of UCN Aus activities
Arrival of hull at UCN slot 2 3rd Q2013 Delivery at UCN Au in
4Q2014 Delivery by the shipyard 4th Q2014
29. PROJECT ACCELERATORSStandardization of Equipment Maximize
competitiveness through standardization of production units Reach
70% of standardization of units (plant and deck) Signature of
long-term contracts with suppliers Key Systems Sept/11 Other
Systems Feb/11 Water injection Water harvesting Cargo handling
Compressed air Energy generation Fire Fighting System Gas
compression Tubing and Accessories Offloading System Load pump
Supervisory System Ballast pumps Anchoring and Turret System
30. PROJECT ACCELERATORSOSX Flex EngineeringAdvantages Modules
can be removed without damaging the project Capable of treating a
range of oil specifications Potential gain: 5 months in the
engineering phaseStatus Contract signed with
Chemtech-Kromav-Exactum First OSXflex units: OSX-4 and OSX-5MIN MAX
MIN MAX MIN MAX API RGO LDA
31. Partnership Brazil / KoreaITN: Institute of Naval
Technology
32. ITN- INSTITUTE OF NAVAL TECHNOLOGYObjectives Qualification
of up to 3,100 personnel in 23 functions by the end of 2012 Use of
SENAIs facilities and faculty in the city of Campos, as well as
mobile units in So Joo da SENAI Maca Barra. Maca in the future
Scholarships providing financial assistance, food and SENAI Campos
transportation Estimated budget: R$ 12.7 million SENAI So Joo da
Barra
33. ITN- INSTITUTE OF NAVAL TECHNOLOGYPhase I: Qualification
and Training Approx. City Work force Population distanceSo Joo da
Barra 20 Km 6.000 33.000 Campos 40 Km 92. 000 460.000 Radius Up to
50 Km 98.000 493.000 Quissam 75 Km 3000 20.000 So Francisco 95 Km
3.000 41.000 So Fidelis 100 Km 5.000 37.000 Maca 130 Km 113.000
206.000 Radius 2 Up to 150 Km 222.000 797.000 Curriculum planning
Adapting the necessary facilities Classes scheduled to commence in
1Q2012 Organization and production of teaching material
34. ITN Phase II: Training at UCN Au 40 specialists from
Hyundai based in Brazil for 5 years 50 employees from UCN Au to be
trained at Hyundais shipyard in Ulsan, South Korea (4 groups from
August 2012 through April 2014) Construction of ITN at UCN Au, with
an area of approximately 1.800 m2 Facilities for workshops, labs,
classrooms, auditorium and library Implementation of systems for
simulation of operations and offshore units
35. Phase III- Supply Chain Strengthening Identification of
suppliers that have the potential to develop new materials,
equipment, and innovative work methodologies, focused on OSXs
potential demandPhase IV- Technological Innovation Establish
partnerships with Brazilian and international academic
institutions, focused on the development and assimilation of new
technologies
36. Next Milestones First Oil OGX January 2012 Beginning of
construction: WHP-1 and WHP-2 Financing: OSX-3, WHP-1 and WHP-2
Contract shipyard to convert the OSX4 and OSX5 hulls Shipyard
financing contract (Merchant Marine Fund) New orders from OGX
Orders from third parties