Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Project Update  AUGUST 2011
Açu Shipyard – Licensing Term of Reference EIA filling Public Hearing Preliminary License Installation License   Beg...
Açu Shipyard – Industrial District                A new cluster for Heavy Industry                                        ...
Açu Shipyard – Setup                                       Platform construction       Platform assembly                  ...
Açu Shipyard – Advantages Welding economies: 18m steel plate results in 56% less welding  —   US$ 3.5 million savings and...
Açu Shipyard – Advantages Optimal Weather conditions: Less than 30% of rainy  days per year Better soil: Sandy soil requ...
Açu Shipyard – CapexPreliminary Budget – US$ (MM)         Total   LLX   OSXCommon Infrastructure                  448    2...
Current Order Book – OGX                                                         Estimated          Equipment             ...
FPSO OSX-1 AUGUST 2011
FPSO OSX-1 – Customization                                                  M320 Mod.    M290 Mod.      M260 Mod.       M2...
FPSO OSX-1 – Project Progress                                11
FPSO OSX-1 – Project Progress                            1                                                2               ...
FPSO OSX-1 – Project Progress                       Delivery Progress & Timeline  100%   95%   90%   85%   80%            ...
FPSO OSX-1 – Hire of Personnel On-Track                         Percentage of Workers Hired 100%  90%  80%  70%  60%  50% ...
FPSO OSX-1 – Personnel Experience                   Age                                           ExperienceTime        4%...
OSX-2 / WHP-1 System      AUGUST 2011
OSX-2 / WHP-1 System          WHP-1        OSX-2                               17
OSX-2 / WHP-1 System OSX-2                                                   WHP-1   Expected Timeline                Stat...
OSX-3 / WHP-2 System      AUGUST 2011
OSX-3 / WHP-2 System          WHP-2        OSX-3                               20
OSX-3 / WHP-2 System OSX-3                                                   WHP-2   Expected Timeline                Stat...
FPSOs OSX-4 and OSX-5      AUGUST 2011
FPSOs OSX-4 e OSX-5                  Gemini Star                                             Suhail Star    Two sister VL...
New osx project update_agosto_final_inglês
Upcoming SlideShare
Loading in …5
×

New osx project update_agosto_final_inglês

1,110 views

Published on

Published in: Business
  • Be the first to comment

  • Be the first to like this

New osx project update_agosto_final_inglês

  1. 1. Project Update AUGUST 2011
  2. 2. Açu Shipyard – Licensing Term of Reference EIA filling Public Hearing Preliminary License Installation License Beginning of Construction (July) 2
  3. 3. Açu Shipyard – Industrial District A new cluster for Heavy Industry 3
  4. 4. Açu Shipyard – Setup Platform construction Platform assembly area area Modules construction areaDry dock and effluent Green curtain station treatment Water treatment FPSO station Industrial unit Administrative buildings Quay Administrative Electric Substation 345 buildings with LEED kV – 13.8 kV Certification (US Green Building Council) 4
  5. 5. Açu Shipyard – Advantages Welding economies: 18m steel plate results in 56% less welding — US$ 3.5 million savings and 28 days reduction in construction / FPSO — US$ 1.9 million savings and 24 days reduction in construction / WHP Regular Size Açu COMPARATIVO DE FABRICAÇÃO DE BLOCOS PARA DOIS TIPOS DE CHAPAS: (18m X 4m X 19,5mm) & (9m X 2,44m X 19,5mm) 20M 20M 1 2 3 4 5 6 7 8 9 9M 18M 18M 1 2 3 4 5 9M 2.4M 2.4M 2.4M 2.4M 2.4M 2.4M 2.4M 2.4M 4M 4M 4M 4M 4M WELDING LENGTH: (18M 8point) + 20m = 164m M Welding length: (18m x * 9POINT) + 20M = 182 Welding lenght: (18m x 4point) =72m WELDING LENGTH: 18M * 4POINT = 72M Energy Savings: 30% reduction and US$ 4 million in annual savings 5
  6. 6. Açu Shipyard – Advantages Optimal Weather conditions: Less than 30% of rainy days per year Better soil: Sandy soil requires lighter foundations Integration Slots: Up to 3,525m of quay allowing simultaneous integration of 9 FPSOs and the construction of 8 WHPs. (6 FPSOs and 2,400m at 1st phase) Proximity to Campos Basin: ( ≈ 150Km) — FPSO / WHP travels to Campos Basin in half a day — Savings of US$ 4,0 million as compared to a site in Singapore 6
  7. 7. Açu Shipyard – CapexPreliminary Budget – US$ (MM) Total LLX OSXCommon Infrastructure 448 219 229 Investigation and Engineering 31 15 16 Civil Works 416 204 212 Offshore Dredging (854k m3) 111 55 56 Onshore Dredging (13,000k m3) 41 20 21 Break Water (2,300k m3) 264 129 135Pre eng. Cost + environmental 74 - 74Civil Works 447 - 447 Onshore Dredging (10,500k m3) 90 - 90 Quay 262 - 262 Back area embankment (6,000k m3) 21 - 21 Site campo facility and management 74 - 74Shipyard structure 544 - 544 Buildings 265 - 265 Dry Dock 133 - 133 Roads and paving 146 - 146 Merchant MarineEquipment and others 420 - 420 Fund ≈ 80%Total 1,933 219 1,714 7
  8. 8. Current Order Book – OGX Estimated Equipment Capacity CAPEX (US$ Delivery* 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 1Q 2013 WHP-2 30 wells 400-450 2Q 2013 Total 4,685 – 4,885 * Delivery at the shipyard (ex installation) 8
  9. 9. FPSO OSX-1 AUGUST 2011
  10. 10. FPSO OSX-1 – Customization M320 Mod. M290 Mod. M260 Mod. M230 NewMODIFICATION WORK NEW M200 New M380 New M350 NewINSTALLATION N160 Mod.Hull / Engine N130 Mod. Room Mod. F110 Mod. M430 Mod. M400 Mod. Central Pipe Rack Mod. M310 New M280 Mod. M250 New M220 Mod. W140 Mod. 10
  11. 11. FPSO OSX-1 – Project Progress 11
  12. 12. FPSO OSX-1 – Project Progress 1 2 31 FPSO — Mechanical Completion and commissioning: July 30th2 Turret — Instand-by at Indonesia.3 Components of the mooring system — Stored in Brazil. 12
  13. 13. FPSO OSX-1 – Project Progress Delivery Progress & Timeline 100% 95% 90% 85% 80% First Oil Purchase 75% Delivery in 70% Singapore 65% 60% Planned Actual March 11 April 11 May 11 June 11 Planned 84.81% 86.90% 90.38% 95.85% Actual 84.47% 86.96% 89.90% 92.43% 13
  14. 14. FPSO OSX-1 – Hire of Personnel On-Track Percentage of Workers Hired 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% % Planned % Actual No. of employees March 11 April 11 May 11 June 11 Planned 58 79 79 86 Actual 61 73 74 77 14
  15. 15. FPSO OSX-1 – Personnel Experience Age ExperienceTime 4% 19% 14% 20 to 30 years Less than 20 years 30 to 40 years28% 49% 20 to 30 years 40 to 50 years 26% Greater than or equal to 50 to 60 years 30 years 32% Greater than or equal to 60 years 28% 15
  16. 16. OSX-2 / WHP-1 System AUGUST 2011
  17. 17. OSX-2 / WHP-1 System WHP-1 OSX-2 17
  18. 18. OSX-2 / WHP-1 System OSX-2 WHP-1 Expected Timeline Status Expected Timeline StatusGTD GTDRFP RFPDelivery at shipyard* 2Q13 Delivery at shipyard * 1Q13* ex-installation * ex-installation Construction Contract  Construction Contract — EPCIC (Engineering, Procurement, — EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) Construction, Installation and Commissioning) contract executed with SBM Offshore contract executed with Techint Long term debt commitment  Drilling Package — Proposals with 100% underwriting — Ongoing tender — Mandated and with negotiated term sheet — Initial proposals received on December 8th, 2010 from AKER, NOV, TTS and SEAWELL — Debt/Equity Structure – 80/20 18
  19. 19. OSX-3 / WHP-2 System AUGUST 2011
  20. 20. OSX-3 / WHP-2 System WHP-2 OSX-3 20
  21. 21. OSX-3 / WHP-2 System OSX-3 WHP-2 Expected Timeline Status Expected Timeline StatusGTD GTDRFP RFPDelivery at shipyard * 3Q13 Delivery at shipyard * 2Q13* ex-installation * ex-installation Construction Contract  Construction Contract — EPCIC (Engineering, Procurement, — EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) Construction, Installation and Commissioning) contract executed with Modec contract executed with Techint  Drilling Package — Ongoing tender — Initial proposals received on December 8th, 2010 from AKER, NOV, TTS and SEAWELL 21
  22. 22. FPSOs OSX-4 and OSX-5 AUGUST 2011
  23. 23. FPSOs OSX-4 e OSX-5 Gemini Star Suhail Star  Two sister VLCC´s (Very Large Crude Oil Carriers) purchased in November 2010  Purchase price: US$ 27 MM each  VLCC Gemini Star received on January 13th, 2011 and VLCC Suhail Star received on February 22nd, 2011  Purchased from Vela International Marine Limited (subsidiary of Saudi Aramco)  Engineering for conversion and integration under bidding process  Delivery ex-installation scheduled for 2Q14 and 4Q14, respectively 23

×