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PROJECT UPDATE



Rio de Janeiro | January 2012 |
Shipbuilding   FPSO OSX-1
AÇU INDUSTRIAL COMPLEX
A 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)
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)
UCN AÇU: LICENSING SCHEDULE


                       Preliminary   Installation
EIA/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
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 JACKET'S 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
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
UCN AÇU: FINANCING
Fundo 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 3
years and interest rates that vary from US$ + 2% to US$ + 4% per year


 Lending Agents: BNDES, Caixa Econômica Federal, Banco do Brasil, BNB
and Banco da Amazônia
UCN AÇU: FINANCING
Capex 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
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               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)
FPSO OSX-1
FPSO OSX-1: CUSTOMIZATION
FPSO OSX-1: DESTINATION WAIMEA

6th October 2011: Arrival of OSX-1 in RJ, Brazil


25th December 2011: Sail-away of the FPSO OSX-1
                      from the port of Rio de Janeiro


26th December 2011: Final inspection on
                      the FPSO OSX-1




7th January 2012: Connection of the FPSO OSX-1
                  to the turret

23rd January: FPSO OSX-1 ready and beginning
              of production
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 years
28%

                        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%
WHP-1            OSX-2




        OSX-2 / WHP-1 SYSTEM
            OGX MODEL
OSX-2 / WHP-1 SYSTEM

OSX-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 and
Santander: 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
WHP-2            OSX-3




        OSX-3 / WHP-2 SYSTEM
            OGX MODEL
OSX-3 / WHP-2 SYSTEM


OSX-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
FPSO OSX-4
Milestones 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
FPSO OSX-5
Milestones 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
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
Project Accelerators
PROJECT ACCELERATORS
Standardization 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
PROJECT ACCELERATORS
OSX Flex Engineering

Advantages
   Modules can be removed without damaging the project

   Capable of treating a range of oil specifications

   Potential gain: 5 months in the engineering phase

Status
   Contract signed with Chemtech-Kromav-Exactum

   First OSXflex units: OSX-4 and OSX-5
MIN               MAX       MIN                MAX      MIN         MAX


         API                         RGO                      LDA
ITN- INSTITUTE OF NAVAL TECHNOLOGY
Objectives




   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
ITN- INSTITUTE OF NAVAL TECHNOLOGY
Phase I: Qualification and Training

                       Approx.
        City                         Work force    Population
                       distance
São 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
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
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 demand


Phase IV- Technological Innovation


   Establish partnerships with Brazilian and international academic
    institutions, focused on the development and assimilation of
    new technologies
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
Osx project update eng_january
RI@OSX.COM.BR
+55 21 2555 6914

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Osx project update eng_january

  • 1. PROJECT UPDATE Rio de Janeiro | January 2012 |
  • 2. Shipbuilding FPSO OSX-1
  • 3. AÇU INDUSTRIAL COMPLEX A 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. 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. UCN AÇU: LICENSING SCHEDULE Preliminary Installation EIA/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. 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 JACKET'S 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. 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. UCN AÇU: FINANCING Fundo 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 3 years and interest rates that vary from US$ + 2% to US$ + 4% per year Lending Agents: BNDES, Caixa Econômica Federal, Banco do Brasil, BNB and Banco da Amazônia
  • 9. UCN AÇU: FINANCING Capex 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
  • 12. UCN AÇU: PHOTOGRAPHS OF THE CANAL
  • 15. Leasing & Services FPSO OSX-1
  • 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)
  • 19. FPSO OSX-1: DESTINATION WAIMEA 6th October 2011: Arrival of OSX-1 in RJ, Brazil 25th December 2011: Sail-away of the FPSO OSX-1 from the port of Rio de Janeiro 26th December 2011: Final inspection on the FPSO OSX-1 7th January 2012: Connection of the FPSO OSX-1 to the turret 23rd January: FPSO OSX-1 ready and beginning of production
  • 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 years 28% 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. WHP-1 OSX-2 OSX-2 / WHP-1 SYSTEM OGX MODEL
  • 22. OSX-2 / WHP-1 SYSTEM OSX-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 and Santander: 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. WHP-2 OSX-3 OSX-3 / WHP-2 SYSTEM OGX MODEL
  • 24. OSX-3 / WHP-2 SYSTEM OSX-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. FPSO OSX-4 Milestones 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. FPSO OSX-5 Milestones 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. 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
  • 29. PROJECT ACCELERATORS Standardization 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. PROJECT ACCELERATORS OSX Flex Engineering Advantages  Modules can be removed without damaging the project  Capable of treating a range of oil specifications  Potential gain: 5 months in the engineering phase Status  Contract signed with Chemtech-Kromav-Exactum  First OSXflex units: OSX-4 and OSX-5 MIN MAX MIN MAX MIN MAX API RGO LDA
  • 31. ITN- INSTITUTE OF NAVAL TECHNOLOGY Objectives  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. ITN- INSTITUTE OF NAVAL TECHNOLOGY Phase I: Qualification and Training Approx. City Work force Population distance São 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. 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. 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 demand Phase IV- Technological Innovation  Establish partnerships with Brazilian and international academic institutions, focused on the development and assimilation of new technologies
  • 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