New Dynamics Forge Strong Growth Trends for the FPSO Market in 2011/2012

1. FPSO
Bulletin
www.fpsoasia.com Volume 1
12 years of connecting the global FPSO community -
Maximizing field returns with innovations in FPSO technology
STOP PRESS... STOP PRESS...
New Dynami cs Forge Strong
Growth Tren ds for the FPSO
Market in 2011/2012 and West African
sian water Brazilian, A
Con tinued demand from deep by new dynamics in
pm ents will be determined
projects, but key develo
.
the global FPSO market..
50 vessel
...read inside for more ow
and oil co ners
mpanies
confirm t
heir
participa
tion
at the FPS
O
Congress
2011
read more
inside...

2. FPSO Bulletin presents
www.fpsoasia.com Volume 1
Maximizing field returns with innovations
in FPSO technology Venue: Grand Hyatt Hotel, Singapore
Jason Waldie, David Boggs, Jerry Joynson,
Douglas Westwood Managing Director Corporate Director,
gives his thoughts of Energy Maritime Concept Development,
on why FPSOs Associates explains SBM Offshore outlines
will return to pre why FPSO’s will only some of the challenges
2008 levels on the increase in popularity to achieving successful
upswing going forward. FPSO delivery
>>> more on page 2 >>> more on page 7 >>> more on page 2
News in Brief
Key Industry Figures Shape
the 2011 FPSO Congress
In its 12th year, the congress addresses key
industry dynamics with advisors including;
• David Cannon,
General Manager, North Sea Production
Company Limited, Maersk FPSO UK Ltd
• Rashim Berry
Director, Projects, Tanker Pacific
Management Pte Ltd
• Kelvin Sam,
Senior Market Analyst, ODS-Petrodata
• David Boggs,
Managing Director, Energy Maritime
Associates Pte Ltd
• Eng Yew Chan, CFO, EOC
• Julian Callanan, Analyst, Infield Systems
>> more on page 2
Premier Oil Vietnam
Offshore BV commences
charter of the Lewek The 12th Annual FPSO Congress goes global
EMAS
- (18 April 2011) Offshore Energy Today bringing together key experts from Petrobras,
The FPSO will process oil from Chim Sao
field on Block 12W in the Nam Con Son
basin, about 350 km off southern Vietnam.
ENI Australia, ConocoPhillips and
The field development involves producing
oil and associated gas to an unmanned, ExxonMobil 20 - 21 Sept 2011, Singapore
minimum facility wellhead platform in 100m
of water and then to the FPSO.
New dynamics forge strong growth The five year forecast shows that
Eni secures Angola FPSO - trends for the FPSO market capital expenditures thrown off by
(15 April 2011) - Upstream Online
Monaco-based SBM Offshore’s new deal In just over three decades, floating production systems floater orders are expected to total
with Eni Angola for the use of its Xikomba have evolved from relatively simple units producing from a
floating production storage and offloading single well to massive facilities capable of handling 250,000 between $80 billion and $115 billion
vessel will be part of a 12 year lease barrels of oil per day. Today, as deep water oil reserves Quoting a recent report from the International Maritimes
agreement after a letter of intent was signed remain mostly undiscovered, a continued optimistic long- Associates (IMA), expected orders for production floaters
today, the company has announced. term outlook for floating production systems is expected. will be between 24 and 35 units annually over the next five
years, or between 120 to 175 FPS systems in total. Some 80
Petrobras Receives Deepwater pays, but don’t leave percent of these units are expected to be FPSOs.
BOEMRE Nod for First out opportunities in marginal field Challenges moving ahead
FPSO in GOM exploitation In an inherently capital and asset-intensive industry, the
(17 March 2011) - Rigzone Growth in the FPSO market through to 2014 will be driven reevaluation of risk exposure levels by major lenders has
The Bureau of Ocean Energy Management, by continued demand from deepwater Brazilian and West led to a prolonged period of FPSO project implementation.
Regulation and Enforcement (BOEMRE) African projects. Key developments will be determined by Attention has also been turned to the nature of the contract
provided the final approval necessary for new dynamics in the global FPSO market including demand between the operator and FPSO vessel owners, where a
Petrobras America to begin oil and natural growth in Asia, the greater role of smaller independent oil more balanced contracting regime is the subject of heated
gas production at its Chinook-Cascade companies and the increased importance of smaller offshore discussion.
project using a Floating Production Storage oil fields. >>more on page 3
Offloading (FPSO) facility. This will be the
first time this technology is used in the U.S.
Gulf of Mexico. Log on to www.fpsoasia.com for updates on the 12th Annual FPSO Congress

3. FPSO Congress Bulletin 2011
350+ attendees expected FPSO market set to Jason Waldie, Douglas
at the 12th Annual FPSO
Congress reach US$16 billion Westwood gives his
thoughts on why FPSOs
will return to pre 2008
Oil and Gas IQ announces their 2011 event
- don’t miss the longest running FPSO
by 2014 levels on the upswing
congress. This annual platform brings you
global insights from major hotspots such as Until 2008, there were many new speculative players drilling and subsea processing emerging from
Brazil, Gulf of Mexico, West Africa, North planning to enter the FPSO market. By the time 2009 came increased exploration will result in a little more
Sea, Baring Sea, West of Australia and the around it all rather fell apart. than US$74.6 billion during the same period.
South China Sea.
253 attendees joined the global congress in Small-time operations were financing from external debt As a result of the 2008 downturn and subsequent turn of
2010 and attendance numbers are expected providers simply because credit markets were the tightest fortunes in 2009 and 2010 we have seen a slight increase
to increase in 2012 inline with rapid growth that they had been in years. This all led to many of the new in scrutiny on the part of the private equity sector with
in the market this year. start-up and smaller players exiting the market shortly into respect to the FPSO market, this seems to be the right level
2009. of scrutiny.
50 vessel owners and oil Those that remained and could weather the crisis are still Consequently, the market is now seeing balanced
companies confirm their active and are enjoying the resurgent economic upswing. contracting regimes, which was in some way forced by the
Globally, monetary policy is loosening and we have seen new entrants to the market from the private equity side.
participation at the FPSO activity expanding globally from East to West. This has Numerous interviews with dominant players in the industry
Congress 2011 changed the entire scope of the sector as it is now not
uncommon to see projects in Brazil financed from Japan or
seem to confirm this feeling and continue to reassure us
that, on the whole, FPSO projects are returning to pre-2008
To date, the programme committee together projects in West Africa being financed from China. level and a turn of fortunes for the sector is imminent.
with its advisors have confirmed over 50
industry experts to share field case studies. There was a material decrease in orders since 2009 but
70
Operators and owners confirmed include Drilling
Floating Platforms it seems that market has bottomed last year and there is
• Exxonmobil • OMV • Petrobras • Teekay 60 Pipelines
an increasing share of the market which is being leased to
Petrojarl • ENI Australia • BTL • Modec Subsea Production
Expenditure ($billions)
50 Subsea Processing FPSOs.
• Husky Mudara • Chevron • Maersk Oil SURF
• BP Migas • SBM • Tanker Pacific • EOC 40
The deepwater horizon disaster is unlikely to impact the
• Premuda • Aker Floating Production 30 FPSO sector as the Gulf of Mexico accounts for a small
• ConocoPhillips part of the market and in the long term it seems as though
20
For details on how to register, log-on to growth will return as the FPSO market is set to reach US$16
www.fpsoasia.com or email 10 billion by 2014.
enquiry@fpso.com.sg 0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Jason Waldie will be speaking at the 12th Annual FPSO
Congress at 10.00 on day 1.
Supporting the talent- Deepwater production is set to double and capex is Log on to www.fpsoasia.com for a full version
stretched FPSO industry; expected to increase by as much as 179% by the year
2015, to a decent $205 billion. On the other hand,
of this report.
the FPSO Congress
committee has launched
the Young Engineers Deepwater will remain Jerry Joynson, Corporate
Director, Concept
Support Programme in
2011 the most significant Development, SBM
Offshore outlines some of
How will this benefit the industry? Aimed
at developing young talent, this fund will
activity in the oil industry the challenges to achieving
successful FPSO delivery
entitle you to a travel grant* of up SGD1000
if you are a young engineer 35 and below**, Bryan Camoens: Could you please outline the current Bryan Camoens: What are some of the challenges faced
from an oil and gas operator or vessel owner position of FPSO’s in today’s field development from evaluation to the final phase of construction?
company. strategy?
Jerry Joynson: The challenges in achieving successful
For further details on the programme, email Jerry Joynson: The major discoveries are taking place in FPSO delivery are manifold, and are often client or regional
enquiry@fpso.com.sg deep water and look to continue to do so in the foreseeable specific. Local content requirements can be challenging to
future, and hence FPSO’s will clearly be central to comply with, such as the 65% Brazilian content recently
* Travel grant of up to SGD1000 will be rendered upon
time of registration as a rebate off the conference developing these deep water fields. The use of steel catenary achieved on P57; bidding rules and a need for competitive
registration fee risers connected to FPSOs, as demonstrated on the turret tendering can hamper clients’ ability to carry out effective
** Supporting documents will be required for proof of age
moored Espirito Santo in 2008, will extend their range development in collaboration with FPSO suppliers; and
beyond the current flexible riser limit of around 2,000m. resources will become tighter including the demand for
Extraction of the massive arctic oil and gas reserves will experienced personnel as we pull out of the global recession.
require means to cope with the winter ice shelf, and
Visit our knowledge library at disconnectable FPSOs will prove to be invaluable in this
Jerry Joynson will be speaking at the 12th Annual FPSO
Congress at 16.30 on day 1.
www.fpsoasia.com for the respect. The enormous flexibility of the FPSO will ensure Log on to www.fpsoasia.com for more details on
latest news on FPSO 2011 its leading position in regions where there is no offshore oil the congress.
export pipeline infrastructure.
FPSO Congress 2011 sponsors & exhibitors
Gold Sponsors Silver Sponsors
Exhibitors
IHC Hytop

4. FPSO Congress Bulletin 2011
>>continued from page 1 Wheels and Deals
Nexus is in talks with SBM for
Full steam ahead but not all smooth sailing the supply and operation of an
Despite immense growth it’s not all smooth sailing for Also, the lifting cost is on average very low once the field is FPSO for Crux
the FPSO sector, as it continues to be out of favour with on stream and the majority of costs are sunk. The main risk
24 January 2011, Rigzone
liquidity. Stocks of some of the largest names in the sector to option periods is that the reservoir is not performing, i.e.
Nexus advises that it is in discussions with
were down by as much as half over the past couple of years, production is too low to justify further commencement.
a contractor to provide an FPSO and act
due to poor project execution in 2008 and 2009.
Contract Duration FPSOs as a project financier and potential joint
16 venture partners for the Crux liquids project.
Kristian Diesen, a research analyst for Parerto believes that
Negotiations are ongoing.
the reason for this was primarily cost overruns and delays 14
but the risk of these is now significantly reduced. “Whereas 12
taking on new projects have been a negative thing over 10 7.0 4.6 ENI to lease FPSO for
the past couple of years, this should now increasingly be a
positive. The FPSO companies are currently in a position to
8 6.3
5.2 3.6
exploration of oil block in
Angola
6
take on new projects at attractive terms with competition
4 8.1
on many projects being limited, overall capital expenditure 6.7
5.5 5.3
6.6
15 Apr 2011, Oil Field Daily News
2
risk reduced through improved contract terms with sub-
Italian oil group ENI has signed a letter
suppliers and a supply chain that has a significantly lower 0
Fred. Olsen SBM Prosafe Sevan BW Offshore of intent with SBM Offshore to lease the
pressure than in the 2006 - 2008 period,” he said in a note. Production Offshore Production Marine
Xikomba FPSO vessel to explore the deep
Firm Years Optional Years *Sevan includes drilling rigs
water 15/06 oil block in the Angolan sea.
Kristian also mentions that the likelihood of contract
extensions for a unit in the FPSO market is far larger than Source: Pareto Research
for instance in the rig market, as the units are tailor-made OMV Scoops Up License
for each specific field. Hence, he views the risk on the
optional period as low for most contracts, so long as the
Reported by Bryan Camoens, FPSO Correspondent, FPSO
Congress.
Offshore New Zealand
field continues to produce at economical levels. 24 March 2011, Rigzone
OMV New Zealand announced that it
Download the full report from the knowledge library
The alternative cost for the oil company in contracting will farm into PEP 51906 currently held
at www.fpsoasia.com
another unit is generally high with a significant lead time. by Octanex N.L. Subject to government
approval, the farm-in arrangement will see
OMV New Zealand take on a 65% share and
become the operator of the license. Octanex
FPSO growth set to David Boggs, Managing Director
NL retains a 35% share and will be free
carried through certain agreed phases of
increase as deeper of Energy Maritime Associates
exploration.
explains why FPSO’s will only
PTSC and Lam Son JOC
fields are developed
increase in popularity going
forward.
LSJOC endorse the Head
Bryan Camoens: Could you please outline the current Bryan Camoens: What are some of the challenges faced
of Agreement (HOA)
position of FPSO’s in today’s field development from evaluation to the final phase of construction? for the provision of
strategy?
David Boggs: The period between evaluations to delivery is FPSO chartering for the
typically many years, so the challenges include changes in
David Boggs: FPSOs are the most popular floating
production development option. FPSOs are proven foreign exchange rates, price of steel and fuel, and changes development of Thang Long
technology and have oil storage facilities. Almost two in law and regulations. 4 March 2011, PTSC
- thirds of Floating production vessels are FPSOs. The According to the HOA, PTSC and LSJOC
deepest floating production system in the world is the David Boggs will be speaking at the 12th Annual FPSO commit to general terms & conditions for
recently installed BW Pioneer FPSO on the Cascade / Congress. Log on to www.fpsoasia.com for a full one contract for the provision of the Floating
Chinook field in 2600m of water. As deeper and deeper version of this interview. Production Storage Offloading vessel (FPSO)
fields are developed, FPSOs will be increasingly popular. for LSJOC for the defined period of 07 years
with extension of 03 years. Total contract
value is estimated to reach 500M USD. PTSC
shall perform the operation the FPSO during
7 years plus 3 years extension, participate
in manufacturing/conversion as well as
installation/commissioning of the vessel.
The vessel shall receive first oil at year end of
2013 tentatively.
The Deepwater Horizon
Log on to One Year On
Though the oil spill in the GOM has
www.fpsoasia.com been plugged, the aftermath of the
incident remains today. Aside from the
environmental, fishing and tourism impact,
today! tougher requirements in all areas from:
well design and cementing practices, to
blowout preventers and employee training
Watch exclusive online have been imposed on offshore exploration
videos including: and production activities. Today, major
Centering Global • Key players in the industry discuss the position
of FPSO to fuel today’s energy sector.
FPSO projects have seen more stringent
compliance requirements from countries
like Australia and the USA. The Bureau of
Knowledge • Carl Arnet, CEO of BW Offshore speaks
exclusively to Oil & Gas IQ on the energy
demand in the future and the potential issues
Ocean Energy Management, Regulation
and Enforcement (BOEMRE) announced
on March 17 2011 that it has granted final
Log on to the FPSO knowledge universe at and challenges currently facing the FPSO sector. approval for Brazil’s Petrobras to begin
www.fpsoasia.com and receive exclusive industry interviews • C-level Vessel Owners talk about mergers and oil and gas production at the deepwater
and news. Keep in touch with leading influencers in the acquisitions, issues outlook and trends in the Cascade-Chinook project using an FPSO.
Global FPSO sector.
industry at our annual event. Visit www.fpsoasia.com for more on this
subject.

5. Highlighted Main Congress Day One: Tuesday, 20 September 2011
speakers for 2011:
0815 Congress Registration
Ketil Hox
0850 Chairperson’s Opening
Manager Project
Engineering 0900 Exploring the Changing Role of FPSO in Today’s Field Development Strategy
Teekay Petrojarl • Case history of the Kitan project • Implementation of solutions to overcome challenges
• Challenges faced from evaluation to final phase from project design to construction
Jose M Layung JR construction
Undersecretary Francesco Piasentin, Project Manager, ENI Australia
Department of Energy 0920 Developments in Compliance and Regulation For FPSO Projects In Australia
Philippines FPSOs are challenging in the way that they represent a combination of maritime and offshore regulatory regimes,
technologies and practices. This session will define the technical and regulatory aspects of floating production in
Arne Hyen Australian waters.
Tornkvist Simon Schubach, Regulatory Operations GM, National Offshore Petroleum Safety Authority
CEO 0940 An Operator’s Perspective on Taking Deepwater Development to the Next Level with FPSO Technology
Aker Floating • Evaluating the benefits of • Developing a contracting and • Legal considerations
Production ASA conversion versus new build execution strategy • Interface management challenges
Per Aae Staunstrup, Head of Engineering, Maersk Oil
Maarten Van Aller
1000 Regional Hotspot Market Trends in the FPSO Business
COO • Market Trends in the FPSO • Macroeconomic analysis for the FPSO • Market drivers; current market analysis;
Petrofac Business: energy demand growth sector: an Asian perspective on global what happened in 2011? Brazil presalt
• Short-term outlook; longer- developments activity; lessons from Macondo; insight
Daniel C.S Ahn term outlook and opportunities for the 2011 recovery
Distinguished Jason Waldie, Associate Director, Douglas-Westwood
Professor of Practice 1020 Morning Refreshments and Networking
KAIST
1050 Offshore Investment Opportunities in the Philippines and Implications for the FPSO Contracting Sector
Simon Schubach • Understanding offshore regulations and opportunities • Maritime flag laws and varying local practices
in the Philippines • Regulatory compliance
Regulatory Operations
GM Jose M Layug JR, Undersecretary, Department of Energy Philippines
National Offshore 1110 Forging New Frontiers: Responding to the Evolving Dynamics in the FPSO Industry
Petroleum Safety • Developing a more balanced contracting regime: project • The economics of FPSO projects as a
Authority risk, responsibilities and cost management cost-effective field development solution
• Evolving safety standards and their effect on project
Andrew Jefferies advancements
Manager Operations Panellists: Arne Hyen Tornkvist, CEO, Aker Floating Production ASA
and Engineering Maarten Van Aller, COO, Petrofac
OMV NZ Jon Dunstan, COO, EOC Limited
1140 Evolving to a Unified Control Environment to Improve Vessel Safety and Productivity
Michael Surkein ABB
Senior Materials and
1210 Lunch and Visit to the FPSO Consultation Hall
Corrosion Consultant
ExxonMobil
Development Technical Stream Commercial Stream
Company
Innovations in FPSO Design, Construction and FPSO Financing to Support the Rapid Growth
Richard Cai Conversion of Vessel Demand
1310 PRE-FEED and FEED Studies to Define a Solid 1310 FPSO: Sources of Financing - a Perspective From
Senior Structural
Scope Definition for On-Time and On-Budget a Multilateral Financing Institution
Engineer
Project Delivery Karsten Fuelster, Senior Investment Officer,
Modec
GL Noble Denton International Finance Corporation
Kevin Judkins 1340 FPSO Topside Modules: Structural Interface 1340 Developments in the China Oil and Gas Market
Offshore Installation Design Considerations and Opportunities in the Offshore Sector
Manager Richard Cao, Senior Structural Engineer, Modec Bradley Way, Head of Asia Energy, BNP Paribas
Crystal Ocean FPSO Xiao Ming Tan, Lead Structural Engineer, Modec 1410 Panel: Understanding Lending Requirements for
1410 Advances in New Build FPSO Hull and Marine FPSO Developments
Karsten Fuelster Systems Moderator: David Boggs, Managing Director, Energy
Senior Investment Hardy Augustin, Lead Instrument / Electrical Maritime Associates
Officer Engineer, Peregrino FPSO Panelists: Chan Eng Yew, CFO, EOC Limited
International Simon Davies, Director, Oil & Gas, Structured Asset
1440 Innovations in Design
Finance and Export Finance, ANZ
New generation Turret, Mooring and Fluid
Corporation Birgit Marquart, Head of Offshore, UniCredit Bank AG
Transfer System
Tony Nguyen, Managing Director, EP Legal
Per Skiftesvik, Framo Engineering
Per Ae Staunstrup 1440 Understanding the Critical Factors to Create a
Head of Engineering 1510 Afternoon Refreshments and Networking Bankable Project
Maersk Oil New Technologies in Deepwater Developments Simon Davies, Director, Oil & Gas, Structured Asset
1540 Driving the New Age of FPSOs With Innovative and Export Finance, ANZ
Power Solutions 1510 Afternoon Refreshments and Networking
Stig Bøtker, Sales Director, Offshore, Wartsila
Connecting Globally and 1540 Executive Table Discussions
1610 Compact And Efficient Solutions For Sea Table 1: Exploring Islamic Finance Options for FPSO Projects
Locally on the Largest Water Injection Applications
FPSO network Table 2: Analyst Insight: Equity Fund Raising - Dead or Alive?
Jarle Nilsen, Senior Manager Sales & Marketing of
Table 3: Debt Financing for FPSO Developments
Offshore Production Solutions, Siemens Oil & Gas
Table 4: Alternative Project Funding Structures - Leveraging
With over 2000 members 1640 Advanced Multi-phase Separation Technology on Export Credit to Drive FPSO Project Developments
on LinkedIn, the FPSO John Eow, Senior Research Engineer, Keppel Table 5: Lender’s Insight: Stock Take on Leasing Rate
Offshore & Marine Formulation for Improved Project Profitability
Network is the largest global
FPSO community connecting 1700 Creating the “Safety vs. Profitability” Case for Legal & Contractual Issues To Balance & Minimize
FPSO Operations the Risk of Contracting & Contractor Parties
professionals in this dynamic Alvin Chin, Sales Director, HIMA 1610 Arbitration to Protect Relevant Parties in Disputes
field. Find out why so many of Marcus Gordon, Partner,Watson, Farley & Williams LLP
1715 Panel: Energy Efficient Solutions for Powering
your peers are connecting up by FPSO Vessels 1640 Developing a Clear Structure for Risk Allocation
joining us today. Moderator: Jerry Joynson, Corporate Director, and Mitigation Between the Contracting Parties
Concept Development, SBM
Giovanni Cobau, General Manager for Offshore
Join the FPSO network to Panellists: KC Gupta, Chief Facilities Manager,
Division, Premuda
Tanker Pacific
participate in discussions with 1715 An Update on New Indonesia Cabotage Laws
Per Aae Staunstrup, Head of Engineering, Maersk Oil
your peers online. Stig Bøtker, Sales Director, Offshore, Wartsila Affecting FPSO
To be a member, email 1740 Chairman’s Summary Effendi Karim, Senior Legal Counsel, BP Migas
enquiry@fpso.com.sg 1800 12th Annual FPSO Congress Cocktail Reception 1740 Chairman’s Summary & Cocktail Reception

6. Main Congress Day Two: Wednesday, 21 September 2011 Be a Part of
0815 Congress Registration the Longest
Running
0850 Chairperson’s Opening
0900 The Economics of FPSO as a Solution to Maximize Field Productivity
and Largest
FPSOs are often used on marginal or quick developments. Understanding the range and drivers of future uncertainty is critical to get
the “right” development in place. FPSO technology can maximise the recovery of the development
• Front end loading • Appraisal techniques to address uncertainties
• What size storage is the right size? • Subsurface uncertainties and impact on topsides design
Andrew Jefferies, Manager of Operations and Engineering, OMV New Zealand Limited
Global FPSO
0930 FPSO Demand Forecast: Realistic Projections of Vessel Delivery and Project Schedules
• New orders in 2012: A tale of two • FPSO capacity conundrum: Too • Equipment supply risk: lead time and
Congress
scenarios much or too little? backlog trends
Kelvin Sam, Senior Market Analyst, ODS-Petrodata Present your products for project
0950 What Lies Ahead: Trends in FPSO Capital Expenditure and Cost Management To Maximize Your Project Returns
tenders to oil companies and
vessel owners with a booth at the
Julian Callanan, Business Manager, Infield Systems
FPSO Consultation Hall
1010 Key Capabilities of Shipyards, and Technology Innovations to Support FPSO Developments
Reviewing the Landscape of FPSO fabrication
• Who are the main fabricators today? • Who are the key technology companies?
• Will be there be new players? • What does the industry expect from new FPSOs?
Moderator: Matthew Flynn, Managing Director, Worldyards
Panellists: Zahar Mohd Hashim Zainuddin, CEO, GMOS Daniel C.S Anh, Distinguished Professor of Practice, KAIST
1030 Morning Refreshments and Networking
Technical Stream I Technical Stream II
Standards and Norms in Design for FPSO Maximizing Field Productivity through Latest
Systems: Now and in the Future Technology Innovations
1100 The Impact of Macondo And Montara On FPSO
Safety Cases
1100 Evaluating FPSO Technology to Maximize Field
Productivity
Only 3 booths left!
See page 7 for the floorplan.
Brendan Fitzgerald, Director, Vanguard Ketil Hox, Manager Project Engineering, Teekay Petrojarl
Solutions
1130 Ensuring Subsurface Safety Valve Reliability in Contact us today on:
1130 Developing an Optimum Safety Case to Ensure Deepwater, High pressure Gas Wells +65 6722 9388 or
that Productivity is Not Sacrificed Mr. Tony Globe, Business Development Manager, enquiry@fpso.com.sg
Gangahar S, Department Head, Engineering, Modec Castrol Offshore
Excellence in Field Operations Local Compliance and Regulations
1200 Leveraging on FPSO to Optimise Operations in 1200 Understanding Ownership and Flagging Laws In
Small Field Developments Malaysian Waters Driving key
Maarten Van Aller, COO, Petrofac Abdul Samad Bin Shaik Osman, Principal Assistant
Director, Ship Accreditation Unit, Maritime Industry
developments
1230 Ensuring Maximum Reliability of Your FPSO
Operations Whilst Optimizing Cost
Control Division, Marine Department of Malaysia forward as an FPSO
Kevin Judkins, Offshore Installation Manager, 1230 Early Phase Identification of Key Commercial and
Technical Risks to Reduce Costs
community; the
Crystal Ocean FPSO
1300 Lunch and Visit of FPSO Consultation Hall 1300 Lunch and Visit of FPSO Consultation Hall FPSO Congress
Asset Integrity Management committee
1400 An Alternative Class Approach For Minimizing
FPSOs Downtime - From “Calendar Based”
Commercial Stream
has launched
Procurement and Cost Management
To “Condition Based” Through a Risk
Management Approach
1400 Contract Negotiation And Management To the Operator
Alexandre Imperial, Regional Offshore Class
Protect And Ensure A Win-Win Situation For All
Contracting Partners Development
Director, DNV - South East Asia & Pacific Joe Patrick, Director, Hunter Oil Programme in 2011
1430 Case Study on Corrosion Management in the 1430 Accurate FPSO Cost Planning and Control to
North Sea Aimed at creating a cohesive
Protect Project Bottom line
environment for evaluating FPSO
Abdel Kader Mekki, Senior Corrosion Engineer, David Boggs, Managing Director, Energy Maritime
ConocoPhillips Associates technology as a cost effective field
development solution, the congress
1500 Innovative Coatings for FPSO Conversion: FPSO Project Management to Ensure On Time
Improved Predictability and Lower Costs and On Target Delivery
will sponsor passes for directors of
Joao Azevedo, Global Business Development 1500 Optimum EPCIC Contracting Strategies for FPSO projects from oil companies
Manager - Offshore, Sherwin-Williams Various Types of FPSO
Only a limited number of
Daniel C.S Ahn, Distinguished Professor of Practice, passes are available. Email us
1530 FPSO Corrosion Control Design to Ensure a Long
KAIST
Reliable Life at enquiry@fpso.com.sg or call
Michael Surkein, Senior Materials and Corrosion 1530 Table 1: Offshore Tax Management: Managing Tax +65 6722 9388 now to find out
and Risk Exposure in Asia for Offshore Projects
Consultant, ExxonMobil Development Company Executive how you can obtain a VIP pass as
Table Table 2: Local Content Management to Overcome
1600 Chairman’s Summary
Discussions
Resource Shortages in a Talent-Stretched Industry
part of the FPSO Congress operator
Table 3: FPSO Risk Management and Allocation: development programme.
Examining Insurance Possibilities to Mitigate Risk
1600 Chairman’s Summary
1610 Afternoon Refreshments and Networking
1630 Critical Technical Evaluation for the Successful Redeployment of FPSO Vessels
Jerry Joynson, Corporate Director, Concept Development, SBM
1700 FPSO Turret Design Approach: An Operator’s Perspective On How To Pursue Extended Lifetime
Carlos Mastrangelo, WR - Facilities Manager, Petrobras America
1730 Chairman’s Summary
log on to www.fpsoasia.com
for the full agenda, speaker Q&As and industry insights
or email us at enquiry@fpso.com.sg

7. FPSO Congress Bulletin 2011
Pre-Congress Technical Briefings Post-Congress
Technical Briefing
A: 19 September 2011 B: 19 September 2011 C: 22 September 2011
0830 - 1130 1300 - 1600 0830 - 1130
Evaluating FPSO Technology Optimum Design, Conversion Asset Integrity, Repair and
To Maximize The Efficiency Of And Construction For Safe And Maintenance
Your Field Development Plans On Target Delivery As many floating production systems are now
approaching the middle or end of their design lives,
• How can you increase future revenues and the In a business where traditionally the time of vessel this technical briefing session is created for operators
profitability of FPSOs and FSOs worldwide? delivery has been prioritized over all, how can you and owners to seek assurance on the ongoing integrity
• How well can FPSO technology maximize your ensure that you set things straight right from the of assets from the processing equipment to the
production capacity and minimize cost? design stage to ensure a quick delivery time yet comply risers, subsea architecture, hull, marine systems and
with safety standards to minimize breakdowns in
• What is the quickest way to evaluate the suitability moorings.
operations? This technical briefing is designed for
of your field for FPSO developments? Attend the
FPSO project managers, heads of engineering, naval
field development and evaluation technical briefing Examine critical factors on:
architects and stakeholders involved in the design,
created for E&P companies to benchmark, and fast • Rationale and implementation strategy for fpso asset
construction and conversion phase of projects to drive
track your evaluation processes and understand how integrity management
greater efficiency and safety in this process.
to fully exploit FPSOs to maximize field returns. • Key assessment criteria for vessel condition in harsh
Attend this technical briefing to find out how you can: water conditions
This focus day will give you an in-depth review of the
following: • Improve Project Delivery And Profitability through • Realignment strategies of maintenance programmes
modular construction to the dynamic conditions of your field and vessel
• Understanding key field characteristics suitable for
• Examine innovations in design including a conditions
development with FPSO technology
comparison between round shaped FPSOs vs ship
• Investigating the cost and benefits of development 0815 Workshop Registration
shaped FPSOs
with FPSO
• Understanding advancements in turret, mooring 0830 Workshop Leader’s Opening and Introduction
• Major factors to ensure value optimisation of your
and swivel technologies to combat dynamic offshore 0840 Rationale and Implementation Strategy for
field with FPSO technology
conditions FPSO Asset Integrity Management
• Understanding the size selection of FPSO vessels 0940 Assessment of Vessel Condition in Asset
given prospective reserves
1245 Technical Briefing Registration Integrity Management and Identifying
1300 Technical Briefing Leader’s Opening and Challenges in Harsh Water Environment
0815 Technical Briefing Registration
Introduction 1000 Morning Refreshments
0830 Technical Briefing Leader’s Opening and
Introduction 1310 Modular Construction To Improve Project 1050 Realignment of FPSO Maintenance Programs
Delivery And Profitability for Asset Integrity Management, and
0840 Identifying The Key Characteristics of Fields Techniques To Mitigate Vessel Breakdowns
For Which FPSO Is An Optimum Solution 1340 Innovations In FPSO Design Concepts To Gain
Carpet Returns and Loss of Production Lead Time
0950 Investigating The Costs And Benefits Of
1420 Afternoon Refreshments 1130 Summary
Development With FPSO
1010 Morning Refreshments 1440 Advancement In Turret, Mooring And Swivel
Your Technical Briefing Leader:
Technologies To Combat Dynamic Offshore
1110 Ensuring Value Optimisation Of Your Field Zahar Mohd Hashim Zainuddin, CEO, GMOS
Conditions
With FPSO Technology
1510 Improved FPSO Design To Facilitate Future
1130 Summary
Inspections and Extend Operational Life Find out more about our
1540 Conversion and Relocation of Existing FPSOs
Your Technical Briefing Leader:
Joe Patrick, Director, Hunter Oil Pty Ltd 1600 Summary
Technical Briefing leaders
and read the full agenda by
Your Technical Briefing Leaders:
Don’t forget to visit our Cedric Moriandini, Head of Naval Architecture,
visiting:
download centre at SBM Malaysia Sendirian Berhad www.fpsoasia.com
JC Hueber, Technical Development & Marketing
www.fpsoasia.com Manager, SSP Offshore INC
FPSO demand likely to double
With FPSOs being the best and perhaps the only valid Do you have a credible solution to offer that
option for many discovered oil fields going forward, help global operators and vessel owners
growth for the sector will likely soar. Oil companies achieve their needs? If so, join us now at the 12th
and vessel owners are looking to Annual FPSO Congress, 20
capitalize on innovations in FPSO
technology to maximize their field
“Of the 196 projects - 21 September 2011, Grand
Hyatt Hotel Singapore. Email
returns. in the pipeline us at enquiry@fpso. com.sg,
to find out how you can get
Who Should Attend
Support Key Developments of the worldwide, FPSOs involved. •
•
Oil Companies
FPSO Vessel Owners
• Design, Engineering
& Build Consultants
FPSO Community at the Largest
and Longest Running Global will be the preferred Interesting update of • Shipyards • Repair and maintenance
• Topside Engineering solution providers
FPSO Congress
In a sector where timelines are of
solution for over 100 FPSO activities and useful
networking opportunity • Classification Societies • Banks/Financing Firms
• Hull Specialists • Ship Equipment e.g
upmost importance, though proving to of those” - Mark Wood, Business
• Offshore Support Compressors
not always be optimal, going back to Development manager,
Stig Hoffmeyer, CEO, Maersk FPSO Solutions • Offshore Project
providers who they have worked with Telleborg Offshore
before seems like the easiest choice. • Fabrication Yards Insurance Firms
That’s why for the past 11 years, operators and owners We fulfilled our expectations because we met 80% of • Offshore Communication • Hotwork Enclosures,
have chosen the Annual FPSO Congress as the place our targeted customers and have confirmed official Solutions Turbines & Pipings
to evaluate the best partners for such time-critical meetings with 2 already - Sose Frias, Key Account • Ship/Fleet Management
projects Manager, Camfil Farr Power System AB Software Providers

8. FPSO Congress Bulletin 2011
Why the 12th Annual FPSO What’s so different about the
Congress is the best value for FPSO Congress in 2011?
your marketing spend Revamped! FPSO consultation hall consolidating key solution partners
you need all in one place. You will meet solution partners in from these key
categories:
Extensive face-to-face interaction opportunities • Design, Engineering and Safety Companies
with global operators and owners • Classification Societies
• Ship Equipment Providers
You’ll notice our congress is very different from other conferences, our partners • Repair and Maintenance Solutions
recognize the value of participating at the congress to network with key industry • Topside Engineering Companies
experts and to select the best partners. If you have a credible solution which can • Ship Communication and Navigation Solutions
help them achieve improved project management, operations and efficiency of their • Law Firms
FPSO projects, make sure they meet you onsite. • Banks/ Financiers
Areas of Involvement:
• Be part of our FPSO Consultation Hall where operators and owners take further 350+ expected attendees in 2011!
discussions with technology and commercial experts on how to improve FPSO • The largest and longest running FPSO conference globally, with
operations, production and field development technical and commercial streams
• Spotlight Innovations! Get your solution evaluated (from a technical and • Content shaped by FPSO community opinion has asked for
commercial perspective) by key decision makers from operator and owner The FPSO community has asked for more targeted content this year and
companies in our technology spotlight sessions so we have focused each stream into 5 main themes
• Augment your position as an industry leader by joining as a session sponsor Technical: Benchmark your Commercial: benchmark your
• Create awareness of your organization through sponsoring the cocktail and experienceas in key areas including: experiences in key areas including:
networking evening *for the first time ever, a golf and whisky tasting evening with
1 Innovations in FPSO Design, 1 FPSO Financing
your peers to forge continuing bonds in the industry
Construction and Conversion 2 Legal and Contractual Issues
• Increase your visibility by sponsoring lanyards/goodie bags 2 New Technologies for Deepwater 3 Procurement and Cost
• Join us as a delegate Developments Management
3 Standards And Norms In Design 4 FPSO Risk Management and
Email us at enquiry@fpso.com.sg or call +65 6722 9388 to explore further areas For FPSO Systems: Now And In Allocation
of involvement or clarify your questions. The Future 5 FPSO Project Management to
4 Excellence in Field Operations Ensure On Time and On Target
5 Asset Integrity Management Delivery
FPSO Congress 2011 sponsors
• Global innovation sharing: 15 unique regions represented this year!
Gold Sponsors
• Congress support programmes to connect and drive the industry forward
* Young Engineer support Programme
* Operator Development Programme
Email enquiry@fpso.com.sg for further details
• Connect with your peers on a personal level after a long day of
benchmarking best practice! Don’t miss the golf and whisky tasting
evening with your peers to forge continuing bonds in the industry
Silver Sponsors
Do you have a vessel you want to showcase to the FPSO community through
a site tour? Email us at enquiry@fpso.com.sg to find out how you can
arrange this in conjunction with the congress.
A big thank you to our partners for their support
Supporting Partners
Exhibition area
Limited spaces now available... ...don’t miss out on the opportunity
to speak directly to your customers.
Contact us now on:
Phone: +65 6722 9388 or email: sponsorship@iqpc.com.sg
Available Booked Reserved
1 2 3 4 5 6
BUFFET LINE
7
18
COFFEE
COFFEE
/ TEA
/ TEA
8
17
Media Partners Official Newspaper Mobile Apps Partner
9
16
BUFFET LINE
15 14 13 12 11 10 EXIT Official TV Official Supported Held
Station Newswire By In
Illustration is not to scale and is to be used for guidance purposes only.
Log on to www.fpsoasia.com for updates on the 12th Annual FPSO Congress