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PROJECT UPDATERio de Janeiro | January 2012 |
Shipbuilding   FPSO OSX-1
AÇU INDUSTRIAL COMPLEXA New Cluster for the Offshore and Heavy Industry                                     GE            ...
UCN AÇU: LAYOUT                                                              Platform construction                        ...
UCN AÇU: LICENSING SCHEDULE                       Preliminary   InstallationEIA/RIMA     Public      License       License...
UCN AÇU: SHIPBUILDING UNIT SCHEDULE                  PACKAGES                  PROCUREMENT   MOBILIZATION            REMOV...
UCN AÇU: ESTIMATED PARTIAL DELIVERIES         UCN Sections (Ready)                 2012          2013           2014    AR...
UCN AÇU: FINANCINGFundo da Marinha Mercante (Merchant Marine Fund) Credit facility: 80% CAPEX Total tenor ranging from 18 ...
UCN AÇU: FINANCINGCapex distribution per year/activity 14,4%                   63,6%            20,1%        1,9%   2011  ...
UCN Açu:Break Water
UCN Açu:Construction of the canal
UCN AÇU: PHOTOGRAPHS OF THE CANAL
UCN AÇU: EARTHWORKS
UCN AÇU: CANTEEN
Leasing & Services                     FPSO OSX-1
CURRENT ORDER BOOK STATUS: OGX                                                      ESTIMATED CAPEX           EQUIPMENT   ...
FPSO OSX-1
FPSO OSX-1: CUSTOMIZATION
FPSO OSX-1: DESTINATION WAIMEA6th October 2011: Arrival of OSX-1 in RJ, Brazil25th December 2011: Sail-away of the FPSO OS...
FPSO OSX-1: CREW Total of 89 crew members        Age                                           Years of Experience       4...
WHP-1            OSX-2        OSX-2 / WHP-1 SYSTEM            OGX MODEL
OSX-2 / WHP-1 SYSTEMOSX-2                                                                   WHP-1                Milestone...
WHP-2            OSX-3        OSX-3 / WHP-2 SYSTEM            OGX MODEL
OSX-3 / WHP-2 SYSTEMOSX-3                                                              WHP-2               Milestone      ...
FPSO OSX-4Milestones achieved and next steps   VLCC sister hulls acquired by OSX in Nov. 2010 :    US$ 27 million each  ...
FPSO OSX-5Milestones achieved and next steps   VLCC sister hulls acquired by OSX in Nov. 2010 :    US$ 27 million each  ...
UCN – Occupation of slots by FPSOs                                            Slot Delivery     Arrival of Vessel   Delive...
Project Accelerators
PROJECT ACCELERATORSStandardization of Equipment   Maximize competitiveness through standardization of production units ...
PROJECT ACCELERATORSOSX Flex EngineeringAdvantages   Modules can be removed without damaging the project   Capable of tr...
ITN- INSTITUTE OF NAVAL TECHNOLOGYObjectives   Qualification of up to 3,100 personnel in 23    functions by the end of 20...
ITN- INSTITUTE OF NAVAL TECHNOLOGYPhase I: Qualification and Training                       Approx.        City           ...
ITN Phase II: Training at UCN Açu   40 specialists from Hyundai based in Brazil for 5 years   50 employees from UCN Açu ...
Phase III- Supply Chain Strengthening   Identification of suppliers that have the potential to develop    new materials, ...
Next Milestones   First Oil OGX – January 2012   Beginning of construction: WHP-1 and WHP-2   Financing: OSX-3, WHP-1 a...
RI@OSX.COM.BR+55 21 2555 6914
Osx project update eng_january
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Transcript of "Osx project update eng_january"

  1. 1. PROJECT UPDATERio de Janeiro | January 2012 |
  2. 2. Shipbuilding FPSO OSX-1
  3. 3. AÇU INDUSTRIAL COMPLEXA New Cluster for the Offshore and Heavy Industry GE 90 km² Industrial Complex (1.5 x larger than ManhattanManhattan) 90 km² Complexo Industrial (1,5x maior que a ilha de Island)
  4. 4. UCN AÇU: 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 km² Complexo Industrial (1,5x maior que a ilha de Manhattan)
  5. 5. UCN AÇU: 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. 6. UCN AÇU: 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 4Q11 1Q12 DRY DOCK 4Q11 1Q12 SOUTH QUAY AND RESPECTIVE RETRO AREA 4Q11 1Q12 INDUSTRIAL BUILDINGS 3TQ1 P 4Q11 UTILITIES AND INFRASTRUCTURE 3Q11 P 3Q11 P ADMNISTRATIVE BUILDINGS (LEED) 1Q12 1Q12 AUXILIARY BUILDINGS (NON-LEED) 4Q11 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. 7. UCN AÇU: 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. 8. UCN AÇU: 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 Econômica Federal, Banco do Brasil, BNBand Banco da Amazônia
  9. 9. UCN AÇU: 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
  10. 10. UCN Açu:Break Water
  11. 11. UCN Açu:Construction of the canal
  12. 12. UCN AÇU: PHOTOGRAPHS OF THE CANAL
  13. 13. UCN AÇU: EARTHWORKS
  14. 14. UCN AÇU: CANTEEN
  15. 15. Leasing & Services FPSO OSX-1
  16. 16. CURRENT ORDER BOOK STATUS: OGX ESTIMATED CAPEX EQUIPMENT CAPACITY DELIVERY* (US$ MM) FPSO OSX-1 80K bopd 610 3Q 2011 FPSO OSX-2 100K bopd 775 2Q 2013 FPSO OSX-3 100K bopd 800 3Q 2013 FPSO OSX-4 100K bopd 850-900 2Q 2014 FPSO OSX-5 100K bopd 850-900 4Q 2014 WHP-1 30 wells 400-450 3Q 2013 WHP-2 30 wells 400-450 4Q 2013 Total 4,685 - 4,885 * delivery at the shipyard (ex installation)
  17. 17. FPSO OSX-1
  18. 18. FPSO OSX-1: CUSTOMIZATION
  19. 19. FPSO OSX-1: DESTINATION WAIMEA6th October 2011: Arrival of OSX-1 in RJ, Brazil25th December 2011: Sail-away of the FPSO OSX-1 from the port of Rio de Janeiro26th December 2011: Final inspection on the FPSO OSX-17th January 2012: Connection of the FPSO OSX-1 to the turret23rd January: FPSO OSX-1 ready and beginning of production
  20. 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. 21. WHP-1 OSX-2 OSX-2 / WHP-1 SYSTEM OGX MODEL
  22. 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, Itaú-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. 23. WHP-2 OSX-3 OSX-3 / WHP-2 SYSTEM OGX MODEL
  24. 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■ Aquisition 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. 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 Açu : 2Q2013 marking the start-up of UCN Açu’s activities Arrival of hull at UCN slot 1 2nd Q2013 Delivery at UCN Açu in 2Q2014 Delivery by the shipyard 2nd Q2014
  26. 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 Açu : 3Q2013 marking the start-up End of hull conversion 2nd Q2013 of UCN Açu’s activities Arrival of hull at UCN slot 2 3rd Q2013 Delivery at UCN Açu in 4Q2014 Delivery by the shipyard 4th Q2014
  27. 27. UCN – Occupation of slots by FPSOs Slot Delivery Arrival of Vessel Delivery by UCN Slot 1: 1Q13 OSX 4: 2Q13 OSX 4: 2Q14 Slot 2: 2Q13 OSX 5: 3Q13 OSX 5: 4Q14 Slot 3 Slot 3: 3Q13 OSX 6: 3Q13 OSX 6: 4Q14* Slot 4 Slot 4: 4Q13 OSX 7: 4Q13 OSX 7: 4Q14* Slot 5 Slot 1 Slot 5: 2Q14 OSX 8: 2Q14 OSX 8: 2Q15* Slot 2 Slot 6 Slot 6: 2Q14 OSX 9: 2Q14 OSX 9: 3Q15* * Subject to new orders from OGX
  28. 28. Project Accelerators
  29. 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. 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. 31. ITN- INSTITUTE OF NAVAL TECHNOLOGYObjectives Qualification of up to 3,100 personnel in 23 functions by the end of 2012 Use of SENAI’s facilities and faculty in the city of Campos, as well as mobile units in São João da SENAI Macaé Barra. Macaé in the future Scholarships providing financial assistance, food and SENAI Campos transportation Estimated budget: R$ 12.7 million SENAI São João da Barra
  32. 32. ITN- INSTITUTE OF NAVAL TECHNOLOGYPhase I: Qualification and Training Approx. City Work force Population distanceSão João da Barra 20 Km 6.000 33.000 Campos 40 Km 92. 000 460.000 Radius Up to 50 Km 98.000 493.000 Quissamã 75 Km 3000 20.000 São Francisco 95 Km 3.000 41.000 São Fidelis 100 Km 5.000 37.000 Macaé 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 January 2012 Organization and production of teaching material
  33. 33. ITN Phase II: Training at UCN Açu 40 specialists from Hyundai based in Brazil for 5 years 50 employees from UCN Açu to be trained at Hyundai’s shipyard in Ulsan, South Korea (4 groups from August 2012 through April 2014) Construction of ITN at UCN Açu, 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
  34. 34. Phase III- Supply Chain Strengthening Identification of suppliers that have the potential to develop new materials, equipment, and innovative work methodologies, focused on OSX’s potential demandPhase IV- Technological Innovation Establish partnerships with Brazilian and international academic institutions, focused on the development and assimilation of new technologies
  35. 35. 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 hull’s Shipyard financing contract (Merchant Marine Fund) New orders from OGX Orders from third parties
  36. 36. RI@OSX.COM.BR+55 21 2555 6914
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