The Solution For Marginal Fields & Early Production!ioc-us.com/wp-content/uploads/2014/09/MFPV-IOC-Sopetro-for-Nigeria… · The MFPV (Marginal Field Production Vessel) THE IOC MFPV

The MFPV (Marginal Field Production Vessel)

THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No.: 61942227

Marginal Field Production Vessel

The Solution For Marginal Fields & Early Production!

1 Presentation in Partnership with SOPETRO Offshore Nigeria



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§  Sopetro and IOC have formed a strategic alliance to pursue energy projects in Nigeria and the West Africa region.

§  Sopetro will mainly provide local content, local knowledge and local management expertise while IOC will mainly provide technical expertise, project management and engineering.

§  The alliance will focus on introducing the IOC’s newly patented Marginal Field Production Vessel (MFPV) into Nigeria.

§  IOC’s engineering team by itself and in strategic partnerships with DMAR Houston will provide engineering solutions for shallow and deep-water field developments.



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Table Of Content MFPV

1)  Overview MFPV 2)  IOC Objective For MFPV Design 3)  Industry Dilemmas 4)  Solutions 5)  The Tanker 6)  The MFPV 7)  Modifying a New Built Panamax Tanker To MFPV

1)  Adding Production Modules

8)  The MFPV Production Riser Solution 1)  Lazy Wave Riser System For Shallow Water Depth 2)  Lazy Wave Riser System With Mid-water Arch For Medium Water Depth 3)  Self Standing Riser For Deep Water Production

9)  Mooring System Layout 10)  Quick Disconnect Of Risers and Moorings 11)  Converting Back To Tanker 12)  Local Content And Advantages For Nigeria 13)  Contact Information



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OVERVIEW

•  The IOC MFPV replaces conventional FPSO’s (Floating Production Storage & Offloading) units.

•  The MFPV can easily be relocated from one well to the next or from one field to the next.

•  Enables production of marginal fields in shallow and deep water

•  Reduces Capital Expenditure Risk Significantly



THE IOC Objective For The MFPV Design

§  Enable production of marginal fields §  Reduce capital and operating costs for marginal fields. §  Supply a mobile, easy to relocate Production Unit for shallow

and deep water §  Deliver a temporary storage and low-cost subsea tie back

solution (or permanent) §  Assure Flexibility – The MFPV offers modular design options

that can be used to satisfy known and un-known conditions. §  Verify production capacity of field prior to investing in a +

$500M-$1B FPSO and assure optimized design of such.

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INDUSTRY DILEMMAS (Some Examples)

§  Uncertainty in the amount of recoverable reserves §  High cost associated in acquiring further reservoir

information §  High capital expenditure §  The various cycles which affect our oil industry have

emphasized the need for detailed control of expenditure for development and production of small discoveries. (I.e., low cost solutions needed!)

§  Very small sizes of reserves/pool to the extent of not being economically viable



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DILEMMAS (Continued);

§  Lack of infrastructure in the vicinity and profitable consumers. §  Prohibitive development costs, fiscal levies and technological

constraints. §  Developing these fields in an economically attractive manner is

often challenging, while the expected revenue streams are smaller due to the smaller reserve sizes.

§  Low stock tank oil initially in place and therefore low reserves §  Long distance from existing production facilities thereby making

them economically unviable to be put on stream §  Fields not yet considered for development because of marginal

economics under the current market and fiscal conditions



SOLUTIONS FOR §  Marginal Fields §  Early Production §  Low Risk §  Minimum Lead Time (0-8 Months) §  No Need To Design For 100 Year Storm §  Cost Effective / Low Capex §  Disconnectable Spread Mooring System §  Modular Production Systems – Lift On / Lift Off §  Easily Deployable and Re-Deployable §  Can Be Converted Back to Tanker in Few Days. §  Shallow to Ultra Deep Water, (=Same MFPV) §  No Tanker Under-Deck Modifications Needed §  Mobilization / Hookup in the Field 1- day §  Demobilization from Field in 4 hours §  Easy upgradable to meet demands for increased production 8



9 Copyright IOC contained in this drawing is Proprietary and Confidential. Any Reproduction and/or Distribution of this drawing without permission of IOC is Strictly Prohibited.



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The Tanker



Converting Panamax Tanker To MFPV

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Converting Panamax Tanker to MFPV

Add §  Chain Stopper Foundations §  Quick Release Chain Stoppers §  Deck Sheaves §  Winches §  Fairleads §  Flare Boom §  Support Crane For Production Modules §  Load Out Area §  Offloading Hose Reel and guide chute. §  Production Module Foundations §  Production Modules §  Helipad

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Converting Panamax Tanker to MFPV


THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No.: 61942227 14

Adding Production Modules



Adding Production Modules



Lazy Wave Riser System for Shallow Water Depth



The MFPV

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Lazy Wave Riser System for Shallow to Medium Water Depth Lazy Wave to PLEM Connection & Using Gravity Base



MEPS Self Standing Riser System For Deep Water – Full Profile View For water depth al the way to +10,000 ft



Lazy Wave Riser System for Shallow Water Depth Lazy Wave to PLEM Connection & Using Mid-water Jacket



MEPS Self Standing Riser System For Deep and Shallow Water

Note:The MEPS Free Standing Riser System is a patented intellectual property owned by MEPS



Mooring System Pull in will be the same for shallow or deep water moorings. Chain Lockers allow for storage of chain tails removed from moorings. Chain tails can be handed over to Anchor Handling Tug for reconnection to mooring system in the event of a emergency abandonment of moorings due to weather etc.

Aft Mooring System Lay-Out



Mooring System Pull in will be same for shallow or deep water moorings. Chain Lockers allow for storage of chain tails removed from moorings. Chain tails can be handed over to Anchor Handling Tug for reconnection to mooring system in the event of a emergency abandonment of moorings due to weather etc.

Fwd Mooring System Lay-Out



Riser Disconnection will take 4 to 6

hours using quick disconnect riser

porch .

Quick Disconnect System – Riser(s)



Quick Disconnect System – Riser Disconnected

SUBSEABUOY

FLEXIBLERISER

EXTENSION

BUOYANCYMODULES

BUOYANCYMODULE

STANDARDJOINTS

CHAIN

POLYESTER

SURFACEMARKERBUOY

MEPS FREE STANDING PRODUCTION RISER

THRUSTERTYPICAL

MODULARPRODUCTION

SYSTEM

FLAREBOOM

80tSUPPORTCRANE

(OPTIONAL)80t

SUPPORTCRANE

OFF-LOADINGHOSE REEL

MOORINGLINE

GUIDECHUTE

PATENT NO. 61942227- FPSO MODULAR SYSTEM.



Quick Disconnect System – Moorings

Mooring Disconnection will

take 20 minutes (or less) using quick disconnect chain

stoppers.

Note: Details of quick release chain stopper not shown due to being IOC proprietary design.



Quick Disconnect System – 4 Mooring Lines Disconnected



Quick Disconnect System – All Mooring Lines Disconnected



Quick Disconnect System – MFPV Navigating Off by Own Propulsion

Mooring Lines can have sub-sea pick-up buoys or surface pick-up buoys. Depending on water depth, conditions and availabilIty of ROV’s



MFPV - Modular System

FLAREBOOM

MOORING PULL-INWINCHDOUBLE DRUMS

LAYDOWNAREA

DECKSHEAVE

15,000 BWPDWATER TREATMENT

COMPLETION FLOWBACKMODULE TYPICAL

30,000 BOPDOIL SEPARATIONPRODUCTION

MODULE TYPICAL

COMPRESSIONGAS 20 MMSCFDAIR NITROGEN

MODULE TYPICAL

80tSUPPORTCRANE(OPTIONAL)

RISER PULL-INWINCH

EXTENDED RETRACTED

80tSUPPORTCRANE

POWER GENERATIONMODULE (OPTIONAL)

HULL SIDE

EXTENDED RETRACTED

PLAN VIEW

CHAIN STOPPER FOUNDATIONMOUNTED ON DECK(8 OR 12 POINT SPREADMOORING SYSTEM)

OFF-LOADINGHOSE REEL

GUIDECHUTE

CHAINDISCONNECTED

RETRACTABLERISER PLATFORM

QUICK DISCONNECTRISERS

76mm / 84mmCHAIN STOPPER/FAIRLEAD ARRANGEMENTQUICK DISCONNECT

76mm / 84mmMOORING CHAINSTANDARD RIG CHAIN

PATENT NO. 61942227- FPSO MODULAR SYSTEM.



MFPV Converting Back to Tanker



MFPV Converted Back to Tanker – Ready For Shipping / Trading of Oil



Advantages for Nigeria

Sample List of Advantages for Nigeria §  A large number of marginal fields currently un-economical can now be

produced cost effectively §  A large number of MFPV’s will increase the need for local Nigerian labor and

involvement of local communities §  MFPV’s to be supplied on a lease basis with little or no local funds needed.

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Local Content for Nigeria

The following Local Content can be Assigned for Nigeria §  Chain Stopper Foundations §  Quick Release Chain Stoppers §  Deck Sheaves §  Fabricating Parts for Winches §  Fairleads §  Fabricating Parts for Flare Boom §  Fabricating Parts for Support Crane For Production Modules §  Fabricate support structure for Load Out Area §  Fabricate Parts for Offloading Hose Reel and guide chute. §  Fabricate Production Module Foundations §  Assemble Production Modules §  .... More ….

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CONFIDENTIALITY

–  THE INFORMATION IN THIS PRESENTATION IS IOC COPYRIGHTED INTELLECTUAL PROPERTY.

–  ANY REPRODUCTION AND/OR DISTRIBUTION OF THIS DOCUMENT OR PART OF THIS DOCUMENT, WITHOUT PERMISSION OF IOC IS STRICTLY PROHIBITED.

–  THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No.: 61942227

By: Ove Akerblom President: Intrepid Offshore Construction Inc.

Houston, TX, 77079, USA



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SOPETRO & IOC Strategic Partnerships Established:

SOPETRO & IOC Strategic Partnerships Established

Contact Information

Intrepid Offshore Construction Inc. President: Ove. W Akerblom 1701 Brittmoore Rd Houston TX, 77079 USA. Tel Houston: +1 713 677 0200 Tell Nigeria: + 234 1 453 6092--3 Mobile: +1 281 871 0380 www.SOPETRO & IOC.com

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Sopetro Offshore West Africa Ltd CEO: Seun Alonge 31B Raymond Njoku Street. S.W. lkoyi • Lagos, NIGERIA Tel: + 234 1 453 6092--3 Mobile: + 234 816 954 1422 www.SOPETRO & IOC.com

Documents

The Solution For Marginal Fields & Early Production!ioc-us.com/wp-content/uploads/2014/09/MFPV-IOC-Sopetro-for-Nigeria… · The MFPV (Marginal Field Production Vessel) THE IOC MFPV