DOF GROUP IN BRAZIL

DOF GROUP IN BRAZIL
CAPITAL MARKET DAY
.
NORWAY - JUNE 2008
BRAZILIAN MARKET
NORSKAN OFFSHORE
PETROBRAS
Domestic E&P Profile
PETROBRAS
Oil Production
Development and Target
PETROBRAS
E & P Investment Plan
Total Exploration & Production Capex (2008 – 2012)
IN BRAZIL
Exploration
Production Development
54.6 billion
9.3 billion
45.3 billion
INTERNATIONAL
10.5 billion
Exploration
4.5 billion
Production Development
6.0 billion
TOTAL BRAZIL + INTERNATIONAL
65.1 billion
2008 R&D Investment in E&P: approx. US$ 400 MM
PETROBRAS
Main Domestic
Oil Production Projects
PETROBRAS
Main Production Projects
PETROBRAS 2008-2015
Production Development in Campos Basin:
9 Roncador (P-55), Marlim Sul (P-51, P-56),
Papa Terra, Maromba, Jubarte Phase II (P-57),
Cachalote, Baleia Franca and Baleia Anã
Production Development in Santos Basin:
9 Mexilhão, Uruguá-Tambaú, Pirapitanga, Tupi
Production Development in Espírito Santo Basin:
9 Golfinho and Peroá-Cangoá
PETROBRAS
Main Production Projects
IOC non Petrobras 2008-2012
IOC’s are developing eleven huge projects
in three different basins: Campos, Santos and Camamú
The foreign companies operating are:
9 Shell with: Ostra, Abalona, Nautilus, Atlantis, Argonauta and Oliva fields ;
9 Hydro-Anadarko with Peregrino field ;
9 Chevron with Frade field ;
9 Devon with Polvo field ;
9 El Paso with: Lagosta and Piraú fields for gas production.
PETROBRAS
9
9
9
9
9
9
9
9
9
9
9
9
9
9
General Data BM – S – 11
TUPI AREA
Petrobras (65%), BG (25%), Petrogal – GALP (10%)
Heterogeneous layered carbonates – variable reservoir quality
Water Depth about 2,200m
Salt layers with thickness till 2,000m
Reservoir depths between 5,000 and 6,000m
Reservoir thickness above 80m
Well tests indicate potential flow rates of 15-20,000 bopd per well
Oil API: 28 – 30o
Oil viscosity around 1cP
GOR between 140 and 220 m3 / m3
Initial pressure 580 kgf / cm2
Low TAN (Total Acid Number)
CO2 in the associated gas (8 – 18%)
Concern with flow assurance due to parafinn deposition in pipes
OFFSHORE RIGS - PETROBRAS
TOTAL FLEET: 74 UNITS
JACK-UPS:
06
MOORED SEMISUBMERSIBLES:
18
DP SEMISUBMERSIBLES:
31
DP DRILLSHIPS:
19
IN THIS TOTALS WE HAVE UNDER CONSTRUCTION
TO BE DELIVERED UP TO 2012:
MOORED SEMISUBMERSIBLES:
01
DP SUBMERSIBLES:
16
DP DRILLSHIPS:
12
OFFSHORE RIGS - IOCs
TOTAL FLEET: 8 UNITS
PERIOD UP TO 2011
SHELL:
01
MOORED SEMISUBMERSIBLE - GSF ARTIC I
DEVON:
01
DP DRILLSHIP - DEEPWATER DISCOVERY
ANADARCO:
01
DP DRILLSHIP - DEEPWATER MILLENIUM
REPSOL:
01
01
MOORED SEMISUBMERSIBLE - SOVEX
DP DRILLSHIP – STENA DRILLMAX
EXXON:
01
DRILLSHIP – WEST POLARIS
BG:
01
MOORED SEMISUBMERSIBLE – CELTIC SEA
CHEVRON:
01
DP SEMISUBMERSIBLE – SEDCO 706
* FOR THE IOCS – THE OFFSHORE SUPPORT VESSELS COME WITH THE SPREAD OF THE DRILLING RIG.
OFFSHORE VESSELS - PETROBRAS
TOTAL FLEET:
182
PSV 3.000 & 4.500
PSV BK
AHTS 18.000
AHTS 12.000
AHTS 7.000
LH + UT
PLSV
DSV
34
1
10
15
9
30
4
2
100 Foreigner Flag Vessels
82 Brazilian Flag Vessels
PSV 1.500 & 1.000 41
TS
4
AHTS 15.000
9
AHTS 10.000
5
OSRV
5
CREW BOAT
RSV
9
4
182
OFFSHORE VESSELS UNDER CONSTRUCTION
28 VESSELS UNDER CONSTRUCTION
16
UT 40.000
2
AHTS
5
MPSV
2
LARGE MPSV
1
OSCV
1
PLSV
1
VESSELS
PSV
PETROBRAS
Opportunities
Including Santos Basin Pre-Salt
PROJECTS ALREADY ANNOUNCED ON AN 8 + 8 YEAR CONTRACT
9 146 ships to be built in brazil for production & drilling suport
at an estimated cost of us$ 5 billion by 2014.
9 An initial bid is already underway and calls for contracting 24 offshore
vessels.
9 Seven bids will be held in six years.
9 Types & quantities of vessels:
PSV 3.000
49
AHTS 15.000
10
PSV 4.500
15
AHTS 18.000
46
OSRV 1.000
18
AHTS 21.000
8
9 28 DP Deepwater semisubmersibles or drilling ships to be built in Brazil.
9 The bids will go out in the second semester.
9 Estimated cost of US$ 28 Billion.
DOF GROUP IN BRAZIL
STATUS
ACTUAL CONTRACTS
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
VESSEL
BUILT
BRAZILIAN
FLAG
TYPE
CLIENT
2001 PSV OIL REC - FIFI
PETROBRAS
NORSKAN COPACABANA
2005 AHTS 18000
PETROBRAS
NORSKAN BOTAFOGO
2006 AHTS 18000
PETROBRAS
SKANDI FLUMINENSE
2007 AHTS 18000
PETROBRAS
SKANDI RIO
2007 AHTS 18000
PETROBRAS
NORSKAN FLAMENGO
2003 PSV
PETROBRAS
SKANDI LEBLON
2005 PSV OIL REC - FIFI
SKANDI SALVADOR
2008 RSV
SKANDI YARE
BRAZILIAN
FLAG
SHELL
CHEVRON
1983 OSRV
PETROBRAS
PRO-23
2009 PLSV
PETROBRAS
SKANDI SUBSEA SUPORTER
2010 PLSV
PETROBRAS
SKANDI HAV
EMPLOYEES
Office - Rio
17
Base - Macaé
22
Vessels
Building Team
DOF Subsea do Brasil
TOTAL
309
6
60
414
GROUP´S STRUCTURE
DOF ASA
DOF SUBSEA
ASA
NORSKAN AS
DOF SUBSEA
BRASIL
DOFCON
NAVEGAÇÃO
RESEARCH
&
ENGINEERING´s
COMPANY
SPECIAL
VESSELS´
COMPANY
DOFTECH
.
HULL 23
50%
TECHNIP
DOF
DOF NAVEGAÇÃO
NAVEGAÇÃO
CONVENTIONAL
VESSELS´
COMPANY
HULL 22
HULL 24
NorSkan Copacabana
Skandi Rio
Skandi Fluminense
VESSEL´s
MANAGEMENT
COMPANY
NorSkan Flamengo
Skandi Leblon
NorSkan Botafogo
VIII SMS PETROBRAS REWARD
2007´s FIRST PLACE
on
BEST SUPPLY OF 53 COMPANIES.
BACIA DE CAMPOS
INSTITUTO
BOLA PRA FRENTE
REALIZED IN 2007
1.
EMPLOYMENT OF AN ENGLISH TEACHER / COORDINATOR IN AUGUST.
2.
EIGHTY STUDENTS ATTENDING ENGLISH CLASSES.
3.
INAUGURATION OF A BUILDING WITH 7 CLASSROOMS & 2 BATHROOMS IN NOVEMBER.
FUTURE ACTIONS
1.
INCREASE OF ENGLISH STUDENTS (160).
2.
PURCHASE OF NEW EQUIPMENTS FOR THE BUILDING.
3.
IMPROVEMENT OF THE EXISTENT IT´s STRUCTURE.
4.
SEPT 2008 – BEGIN OF PROFESSIONAL RATING COURSES FOR MERCHANT MARINE.
CIAGA
REALIZED 2007
1.
CREATION OF AN OFFSHORE ASSOCIATION (AEPM) ON NOVEMBER, WHICH MEMBERS ARE:
2.
NORSKAN / DOF, BOS, NORGES REDERIFORBUND, TEEKAY, BW, BARBER, OSM.
3.
EMPLOYMENT OF A COORDINATOR.
4.
SELECTION OF 44 CADETS, OF WHICH 6 WILL BE EMPLOYED BY NORSKAN.
5.
FOUR TEACHER REPRESENTATIVES OF CIAGA IN ALESUND ON DECEMBER
VISITING THE SIMULATOR CENTER.
FUTURE ACTIONS 2008
1.
LOBBY WITH POLITICIANS TO INCREASE THE NUMBER OF STUDENTS.
2.
COMPLEMENTARY ENGLISH COURSE BEGINNING JAN 08.
3.
SIX SPECIALIZED COURSES FOR OFFSHORE VESSELS BEGINNING JULY 08.
4.
SELECTION OF 120 STUDENTS TO BE CADETS, OF WHICH 12 WILL BE EMPLOYED BY NORSKAN.
5.
STUDY THE POSSIBILITY OF HAVING 50 BRAZILIAN STUDENTS FORMED IN ALESUND.
6.
ANALYZE THE FEASIBILITY OF BRINGING AN OFFSHORE SIMULATOR TO CIAGA´S FACILITIES .
OUR FLEET
BOOK X MARKET VALUE
(USD 1,000)
Purchase
Value
Booked
Value
Market
Value
AHTS
NorSkan Copacabana
46,500
41,000
80,000
NorSkan Botafogo
49,000
46,000
95,000
Skandi Rio
50,000
48,000
91,000
Skandi Fluminense
54,500
53,000
100,000
NorSkan Flamengo
17,000
13,500
37,000
NorSkan Leblon
18,000
15,000
37,000
235,000
216,500
440,000
PSV
TOTAL
INSTITUCIONAL VIDEO
NORSKAN OFFSHORE
Thank You!
DOF GROUP IN BRAZIL