Kelvin Sam, Analyst at ODS-Petrodata, shared with us the capacity trends and expected 2011 new orders at the 2010 FPSO Congress.
Kelvin will also be speaking at the 12th Annual FPSO Congress. Visit www.fpsoasia.com or enquiry@iqpc.com.sg
Refining, transportation & marketing (rtc), and petrochemicals Petrobras
This document discusses Petrobras' business model and production growth plans. Petrobras operates as an integrated oil company focused on exploration and production in Brazil's deep and ultra-deep waters. It has a dominant position in Brazil's downstream refining and petrochemicals markets. Petrobras plans to more than double oil production from 3 million barrels per day in 2011 to over 6.4 million barrels per day by 2020 through developing large pre-salt oil reserves and projects transferred from the Brazilian government. By 2020, pre-salt production is expected to represent over 40% of Petrobras' total production.
- El Paso Corporation is an energy company focused on providing natural gas and related energy products.
- The presentation outlines El Paso's vision, assets, growth strategy, and financial outlook. It discusses plans for production growth in key basins like Arklatex through repeatable drilling programs.
- El Paso expects to deliver 8-12% production growth from 2007-2010 through development of its multi-year inventory of drilling opportunities, particularly in U.S. onshore areas like Arklatex and its international projects in Brazil.
1) Company Presentation from January 2011 for a new gold producer in Mali, West Africa called Avion Gold.
2) Avion Gold is ramping up production from 86,600 ounces in 2010 to 200,000 ounces by 2012 through expanding its resource base with exploration and declining costs.
3) Avion Gold has acquired additional gold concessions in Mali that have increased its December 2010 resource base to over 2 million ounces of gold.
Refining, transportation & marketing (rtc), and petrochemicalsPetrobras
This document discusses Refining, Transportation & Marketing (RTM) and Petrochemicals at Petrobras. It summarizes Petrobras' business model as an integrated oil company dominant in Brazil, focusing on production in deep and ultra-deep waters. It notes Petrobras' rapid growth in proved reserves from discoveries in deep waters, including pre-salt reserves of 15.28 billion barrels of oil equivalent. The document also outlines Petrobras' history of growing production by expanding into new frontiers like deep and ultra-deep water, as well as its ability to more than double production through developing existing reserves and projects.
06-02-10 Exciting New Discoveries Offshore BrazilPetrobras
Petrobras has made several significant oil and natural gas discoveries offshore Brazil in pre-salt reservoirs below thick layers of salt beneath the seabed. These discoveries could nearly double Brazil's proven oil reserves. Petrobras plans to accelerate development of these pre-salt fields using new technologies to address the challenges of developing deepwater, high-pressure carbonate reservoirs located far offshore. Petrobras forecasts investing over $100 billion in exploration and production from 2009-2020, with most funds directed towards developing the lucrative pre-salt fields in the Santos Basin.
This document discusses Molycorp's plans to build a rare earth supply chain from mine to magnets. It highlights Molycorp's successful IPO in 2010 that raised $378.6 million. Construction has started on a new facility and mining has restarted at their Mountain Pass, California site. Their goal is to produce a range of rare earth elements, including lanthanum, cerium, neodymium, and dysprosium, which are critical components in technologies like wind turbines, electric vehicles, and water treatment. Molycorp aims to ramp production to 40,000 metric tons per year of rare earth oxides by 2012 to meet growing demand and establish a domestic rare earth supply chain.
Lake Shore Gold Corp. presented a marketing presentation on July 4, 2012. The presentation discussed Lake Shore Gold's expected production growth from 85,000-100,000 ounces of gold in 2012 to over 150,000 ounces per year by 2014 at cash costs below $600 per ounce. It also highlighted Lake Shore Gold's large and growing resource base of over 3.4 million ounces measured and indicated and 3.7 million ounces inferred, capable of supporting over 500,000 ounces per year of production. Finally, the presentation showed Lake Shore Gold's share performance over five years of growth and progress.
Baltic Trading Limited reported financial results for Q4 2012 and full year 2012. For Q4, the company had a net loss of $4.3 million compared to a net income of $1.8 million in Q4 2011. Revenues for Q4 2012 were $7.1 million compared to $13.1 million in Q4 2011. For the full year, the company had a net loss of $17.3 million compared to a net loss of $0.4 million in 2011. The company operated a fleet of 9 drybulk carriers as of December 31, 2012 and its fleet utilization rate for 2012 was 99.3%.
Refining, transportation & marketing (rtc), and petrochemicals Petrobras
This document discusses Petrobras' business model and production growth plans. Petrobras operates as an integrated oil company focused on exploration and production in Brazil's deep and ultra-deep waters. It has a dominant position in Brazil's downstream refining and petrochemicals markets. Petrobras plans to more than double oil production from 3 million barrels per day in 2011 to over 6.4 million barrels per day by 2020 through developing large pre-salt oil reserves and projects transferred from the Brazilian government. By 2020, pre-salt production is expected to represent over 40% of Petrobras' total production.
- El Paso Corporation is an energy company focused on providing natural gas and related energy products.
- The presentation outlines El Paso's vision, assets, growth strategy, and financial outlook. It discusses plans for production growth in key basins like Arklatex through repeatable drilling programs.
- El Paso expects to deliver 8-12% production growth from 2007-2010 through development of its multi-year inventory of drilling opportunities, particularly in U.S. onshore areas like Arklatex and its international projects in Brazil.
1) Company Presentation from January 2011 for a new gold producer in Mali, West Africa called Avion Gold.
2) Avion Gold is ramping up production from 86,600 ounces in 2010 to 200,000 ounces by 2012 through expanding its resource base with exploration and declining costs.
3) Avion Gold has acquired additional gold concessions in Mali that have increased its December 2010 resource base to over 2 million ounces of gold.
Refining, transportation & marketing (rtc), and petrochemicalsPetrobras
This document discusses Refining, Transportation & Marketing (RTM) and Petrochemicals at Petrobras. It summarizes Petrobras' business model as an integrated oil company dominant in Brazil, focusing on production in deep and ultra-deep waters. It notes Petrobras' rapid growth in proved reserves from discoveries in deep waters, including pre-salt reserves of 15.28 billion barrels of oil equivalent. The document also outlines Petrobras' history of growing production by expanding into new frontiers like deep and ultra-deep water, as well as its ability to more than double production through developing existing reserves and projects.
06-02-10 Exciting New Discoveries Offshore BrazilPetrobras
Petrobras has made several significant oil and natural gas discoveries offshore Brazil in pre-salt reservoirs below thick layers of salt beneath the seabed. These discoveries could nearly double Brazil's proven oil reserves. Petrobras plans to accelerate development of these pre-salt fields using new technologies to address the challenges of developing deepwater, high-pressure carbonate reservoirs located far offshore. Petrobras forecasts investing over $100 billion in exploration and production from 2009-2020, with most funds directed towards developing the lucrative pre-salt fields in the Santos Basin.
This document discusses Molycorp's plans to build a rare earth supply chain from mine to magnets. It highlights Molycorp's successful IPO in 2010 that raised $378.6 million. Construction has started on a new facility and mining has restarted at their Mountain Pass, California site. Their goal is to produce a range of rare earth elements, including lanthanum, cerium, neodymium, and dysprosium, which are critical components in technologies like wind turbines, electric vehicles, and water treatment. Molycorp aims to ramp production to 40,000 metric tons per year of rare earth oxides by 2012 to meet growing demand and establish a domestic rare earth supply chain.
Lake Shore Gold Corp. presented a marketing presentation on July 4, 2012. The presentation discussed Lake Shore Gold's expected production growth from 85,000-100,000 ounces of gold in 2012 to over 150,000 ounces per year by 2014 at cash costs below $600 per ounce. It also highlighted Lake Shore Gold's large and growing resource base of over 3.4 million ounces measured and indicated and 3.7 million ounces inferred, capable of supporting over 500,000 ounces per year of production. Finally, the presentation showed Lake Shore Gold's share performance over five years of growth and progress.
Baltic Trading Limited reported financial results for Q4 2012 and full year 2012. For Q4, the company had a net loss of $4.3 million compared to a net income of $1.8 million in Q4 2011. Revenues for Q4 2012 were $7.1 million compared to $13.1 million in Q4 2011. For the full year, the company had a net loss of $17.3 million compared to a net loss of $0.4 million in 2011. The company operated a fleet of 9 drybulk carriers as of December 31, 2012 and its fleet utilization rate for 2012 was 99.3%.
el paso 11_14_Foshee_BofAConferenceFINALv2(Web)finance49
- El Paso Corporation is an energy company that provides natural gas and related energy products.
- The company has implemented a comprehensive plan to meet its 2009 debt maturities and fund its $8 billion pipeline backlog while preserving opportunities in its exploration and production business.
- El Paso has significant resource potential from unconventional plays like shale gas that could provide long-term growth.
Inmet Mining Corporation presented at the 21st Annual Global Metals & Mining Conference in Hollywood, Florida on February 27, 2012. The presentation provided an overview of Inmet's operations and development projects, highlighting its proven track record over 20+ years of responsibly developing, building, and closing mines. It also summarized Inmet's key metrics for 2011 and production and cost guidance for 2012, noting its portfolio of low-cost, stable operations with very low geopolitical risk. Additionally, the presentation discussed Inmet's flagship Cobre Panama project as one of the largest undeveloped copper deposits globally.
The document provides an overview of MMX Mineração e Metálicos S.A. (MMX), a Brazilian iron ore mining company. MMX has two operating iron ore mining systems, Serra
This document summarizes Inmet Mining Corporation's operations and future prospects. It discusses Inmet's four main mining operations - Pyhäsalmi (Finland), Çayeli (Turkey), Las Cruces (Spain), and the large upcoming Cobre Panama project in Panama. It provides production guidance for 2011 and operating costs for each mine site. The document emphasizes Inmet's low-cost operations, strong cash flows, and financing capacity to fund its growth projects like Cobre Panama, which is expected to begin copper concentrate shipments in early 2016.
El Paso Corporation is an oil and gas exploration and production company. It has significant reserves of 2.8 trillion cubic feet of gas equivalent and a large inventory of unproved resources. It is focusing growth through investments in unconventional plays like the Haynesville Shale and through international developments in Brazil and Egypt. El Paso aims to deliver production growth of 8-12% per year through 2010 by developing its inventory of proved and unproved reserves.
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
QIS Capital Company Profile - Fairmont Resources Inc.Michael Dehn
Highlights:
near-term production planned from two different industrial minerals projects
recent assays confirm viability that quartzite is suitable for ferro-silicon production
properties being visited by end users with goal of establishing sales channels
only 22.7 million shares o/s and market capitalization of only $600K
This presentation by North American Palladium discusses its plans to become a diversified precious metals producer through its palladium and gold assets. It highlights its flagship Lac des Iles palladium mine in Ontario, which is temporarily closed but has significant potential to restart operations due to rising palladium prices. It also discusses its newly producing Sleeping Giant gold mine in Quebec. The company aims to grow gold production to 250,000 ounces through acquisitions. It emphasizes the attractive fundamentals of the palladium market including growing demand outpacing limited supply. With over $100 million in cash and no debt, the company is well positioned to capitalize on opportunities in precious metals.
Nyc hard assets_conference_pdf_with_nan_symbolVMS Ventures
VMS Ventures Inc. has discovered high-grade copper deposits in Manitoba, Canada. Their flagship Reed Lake deposit contains over 250 million pounds of copper and is being developed through a joint venture with Hudbay Minerals, who will finance its construction. VMS also controls a large land package in the prolific Flin Flon-Snow Lake Greenstone Belt where they are aggressively exploring for new copper discoveries, having already found mineralization at their Cowan River and Sails Lake projects.
Cobre Panama Basic Engineering Summary ReportDogger2000
This document provides a summary of the Cobre Panama copper and gold mining project in Panama. Key details include:
- The project will produce copper and gold concentrates from three open pits over a 31-year mine life. Production is expected to start in early 2016.
- Average annual copper production is forecast to be 298,000 tonnes in the first five years and 266,000 tonnes over the life of the mine.
- Proven and probable reserves total 2.3 billion tonnes grading 0.4% copper, containing 9.3 million tonnes of copper.
- Total initial capital costs are estimated at $6.2 billion. Low operating costs of $0.72
Carpentaria Exploration - Resources & Energy Symposium 2012Symposium
Carpentaria Exploration Ltd is presenting on its Hawsons Iron Project in Broken Hill, NSW, Australia at a resources and energy symposium. The project continues to improve with ongoing work and remains competitive globally. Ownership options for the project are favorable for CAP shareholders, including the potential for a new joint venture partner to buy into the project. The Hawsons Iron Project features a large resource, high grade concentrate, low operating costs, and access to existing infrastructure that positions it well versus other global iron ore projects.
This document provides an overview of Pioneer Natural Resources' operations in the Eagle Ford Shale. Pioneer has been a leader in the Eagle Ford, being one of the first movers to the play and utilizing technology such as 3D seismic, core analysis, and microseismic monitoring to optimize drilling and completions. Over the past 3 years, Pioneer has brought 210 wells online, built out significant midstream infrastructure including 11 central gathering points, and increased production from 5,000 to 67,000 barrels of oil equivalent per day. The company continues to focus on increasing efficiency through pad drilling, optimized completions including zipper fracs, and production optimization techniques like choke management.
- The document is a presentation from Merrill Lynch's Global Metals, Mining and Steel Conference on May 14, 2008.
- It discusses Newmont Mining Corporation's record first quarter results in 2008, including record gold sales and cash flow. It also provides an update on Newmont's major projects and production guidance for 2008.
- The presentation emphasizes Newmont's leverage to rising gold prices through focus on costs and an unhedged production strategy.
Detour Gold Corporation is Canada's next intermediate gold producer. It owns the Detour Lake open pit mine in northern Ontario, which began gold processing in January 2013. Detour Lake has 15.6 million ounces of gold reserves and is expected to have an average annual production of 657,000 ounces over its 21.5 year mine life. Detour Gold plans to focus on organic growth by exploring its large land position around Detour Lake to expand resources and reserves.
English champion iron mines sept 5, 2012shosein2011
Champion Iron Mines is a Canadian iron ore exploration and development company. It owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North Project. The presentation provides an overview of Champion Iron Mines' projects and key highlights from a November 2011 preliminary economic assessment for the Fire Lake North Project, which indicated the potential to produce 8.7 million tonnes of iron ore concentrate annually for 40 years.
This document discusses Chevron's deep water operations and projects. It provides an overview of Chevron's portfolio of major deepwater projects and operations around the world. The document notes that deepwater drilling will account for a growing percentage of global offshore oil production in the future as innovative technologies allow economic development of deepwater reserves. Cautionary statements are also included regarding the risks and uncertainties inherent in forward-looking projections.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Gerry Clarke, International Lithium Alliance
Iqbal Randhawa is a successful entrepreneur with years of professional experience backing him. He founded M&K Travel CA in 1993, a travel agency that provides best priced airlines tickets to the travelers. Under his expert guidance and leadership, his travel agency is serving customers with the best services and prices.
1) The FPSO market is seeing a strong upswing in contract awards in 2010, with 19 projects awarded so far, compared to 6 in the second half of 2009.
2) Demand for FPSOs remains strong, as the number of projects in the bidding/final design phase has remained steady at around 30, despite numerous contract awards.
3) Industry players are more optimistic about the FPSO market, expecting 12 contracts to be awarded in 2010 and 15 in 2011, reflecting higher tendering levels and improved market conditions.
This document discusses various risks contained in FPSO (floating production storage and offloading) contracts that could lead to disputes between contractors and oil companies. It identifies six main risks: 1) installation risks from cost overruns or delays, 2) broad operational liabilities and indemnities for contractors, 3) contract cancellation provisions that do not protect contractors, 4) unlimited liquidated damages payments for delays, 5) changes to country tax laws or security situations, and 6) pricing formats that do not properly share risks and rewards between parties. The document argues that contracts should be reformed to avoid these risks in order to improve industry stability and returns.
Foods like fish, nuts, dark chocolate, whole grains, fruits and vegetables can help improve memory and concentration. Omega-3 fatty acids in fish support brain health while caffeine, antioxidants in dark chocolate and nuts may enhance focus. Eating breakfast, staying hydrated and exercising can also boost cognition, but overeating or consuming too much caffeine may hinder it. Good breakfast options include whole grain bagels with salmon or 100% fruit juice while snacks can involve nuts, berries or dark chocolate.
This document lists the names of oil and gas fields in the Gulf of Mexico along with the year they started production. It includes fields operated by major companies like Anadarko, bp, Chevron, Exxon, and Murphy with start dates ranging from the 588th to the 1710th day of production in the Gulf of Mexico.
el paso 11_14_Foshee_BofAConferenceFINALv2(Web)finance49
- El Paso Corporation is an energy company that provides natural gas and related energy products.
- The company has implemented a comprehensive plan to meet its 2009 debt maturities and fund its $8 billion pipeline backlog while preserving opportunities in its exploration and production business.
- El Paso has significant resource potential from unconventional plays like shale gas that could provide long-term growth.
Inmet Mining Corporation presented at the 21st Annual Global Metals & Mining Conference in Hollywood, Florida on February 27, 2012. The presentation provided an overview of Inmet's operations and development projects, highlighting its proven track record over 20+ years of responsibly developing, building, and closing mines. It also summarized Inmet's key metrics for 2011 and production and cost guidance for 2012, noting its portfolio of low-cost, stable operations with very low geopolitical risk. Additionally, the presentation discussed Inmet's flagship Cobre Panama project as one of the largest undeveloped copper deposits globally.
The document provides an overview of MMX Mineração e Metálicos S.A. (MMX), a Brazilian iron ore mining company. MMX has two operating iron ore mining systems, Serra
This document summarizes Inmet Mining Corporation's operations and future prospects. It discusses Inmet's four main mining operations - Pyhäsalmi (Finland), Çayeli (Turkey), Las Cruces (Spain), and the large upcoming Cobre Panama project in Panama. It provides production guidance for 2011 and operating costs for each mine site. The document emphasizes Inmet's low-cost operations, strong cash flows, and financing capacity to fund its growth projects like Cobre Panama, which is expected to begin copper concentrate shipments in early 2016.
El Paso Corporation is an oil and gas exploration and production company. It has significant reserves of 2.8 trillion cubic feet of gas equivalent and a large inventory of unproved resources. It is focusing growth through investments in unconventional plays like the Haynesville Shale and through international developments in Brazil and Egypt. El Paso aims to deliver production growth of 8-12% per year through 2010 by developing its inventory of proved and unproved reserves.
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
QIS Capital Company Profile - Fairmont Resources Inc.Michael Dehn
Highlights:
near-term production planned from two different industrial minerals projects
recent assays confirm viability that quartzite is suitable for ferro-silicon production
properties being visited by end users with goal of establishing sales channels
only 22.7 million shares o/s and market capitalization of only $600K
This presentation by North American Palladium discusses its plans to become a diversified precious metals producer through its palladium and gold assets. It highlights its flagship Lac des Iles palladium mine in Ontario, which is temporarily closed but has significant potential to restart operations due to rising palladium prices. It also discusses its newly producing Sleeping Giant gold mine in Quebec. The company aims to grow gold production to 250,000 ounces through acquisitions. It emphasizes the attractive fundamentals of the palladium market including growing demand outpacing limited supply. With over $100 million in cash and no debt, the company is well positioned to capitalize on opportunities in precious metals.
Nyc hard assets_conference_pdf_with_nan_symbolVMS Ventures
VMS Ventures Inc. has discovered high-grade copper deposits in Manitoba, Canada. Their flagship Reed Lake deposit contains over 250 million pounds of copper and is being developed through a joint venture with Hudbay Minerals, who will finance its construction. VMS also controls a large land package in the prolific Flin Flon-Snow Lake Greenstone Belt where they are aggressively exploring for new copper discoveries, having already found mineralization at their Cowan River and Sails Lake projects.
Cobre Panama Basic Engineering Summary ReportDogger2000
This document provides a summary of the Cobre Panama copper and gold mining project in Panama. Key details include:
- The project will produce copper and gold concentrates from three open pits over a 31-year mine life. Production is expected to start in early 2016.
- Average annual copper production is forecast to be 298,000 tonnes in the first five years and 266,000 tonnes over the life of the mine.
- Proven and probable reserves total 2.3 billion tonnes grading 0.4% copper, containing 9.3 million tonnes of copper.
- Total initial capital costs are estimated at $6.2 billion. Low operating costs of $0.72
Carpentaria Exploration - Resources & Energy Symposium 2012Symposium
Carpentaria Exploration Ltd is presenting on its Hawsons Iron Project in Broken Hill, NSW, Australia at a resources and energy symposium. The project continues to improve with ongoing work and remains competitive globally. Ownership options for the project are favorable for CAP shareholders, including the potential for a new joint venture partner to buy into the project. The Hawsons Iron Project features a large resource, high grade concentrate, low operating costs, and access to existing infrastructure that positions it well versus other global iron ore projects.
This document provides an overview of Pioneer Natural Resources' operations in the Eagle Ford Shale. Pioneer has been a leader in the Eagle Ford, being one of the first movers to the play and utilizing technology such as 3D seismic, core analysis, and microseismic monitoring to optimize drilling and completions. Over the past 3 years, Pioneer has brought 210 wells online, built out significant midstream infrastructure including 11 central gathering points, and increased production from 5,000 to 67,000 barrels of oil equivalent per day. The company continues to focus on increasing efficiency through pad drilling, optimized completions including zipper fracs, and production optimization techniques like choke management.
- The document is a presentation from Merrill Lynch's Global Metals, Mining and Steel Conference on May 14, 2008.
- It discusses Newmont Mining Corporation's record first quarter results in 2008, including record gold sales and cash flow. It also provides an update on Newmont's major projects and production guidance for 2008.
- The presentation emphasizes Newmont's leverage to rising gold prices through focus on costs and an unhedged production strategy.
Detour Gold Corporation is Canada's next intermediate gold producer. It owns the Detour Lake open pit mine in northern Ontario, which began gold processing in January 2013. Detour Lake has 15.6 million ounces of gold reserves and is expected to have an average annual production of 657,000 ounces over its 21.5 year mine life. Detour Gold plans to focus on organic growth by exploring its large land position around Detour Lake to expand resources and reserves.
English champion iron mines sept 5, 2012shosein2011
Champion Iron Mines is a Canadian iron ore exploration and development company. It owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North Project. The presentation provides an overview of Champion Iron Mines' projects and key highlights from a November 2011 preliminary economic assessment for the Fire Lake North Project, which indicated the potential to produce 8.7 million tonnes of iron ore concentrate annually for 40 years.
This document discusses Chevron's deep water operations and projects. It provides an overview of Chevron's portfolio of major deepwater projects and operations around the world. The document notes that deepwater drilling will account for a growing percentage of global offshore oil production in the future as innovative technologies allow economic development of deepwater reserves. Cautionary statements are also included regarding the risks and uncertainties inherent in forward-looking projections.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Gerry Clarke, International Lithium Alliance
Iqbal Randhawa is a successful entrepreneur with years of professional experience backing him. He founded M&K Travel CA in 1993, a travel agency that provides best priced airlines tickets to the travelers. Under his expert guidance and leadership, his travel agency is serving customers with the best services and prices.
1) The FPSO market is seeing a strong upswing in contract awards in 2010, with 19 projects awarded so far, compared to 6 in the second half of 2009.
2) Demand for FPSOs remains strong, as the number of projects in the bidding/final design phase has remained steady at around 30, despite numerous contract awards.
3) Industry players are more optimistic about the FPSO market, expecting 12 contracts to be awarded in 2010 and 15 in 2011, reflecting higher tendering levels and improved market conditions.
This document discusses various risks contained in FPSO (floating production storage and offloading) contracts that could lead to disputes between contractors and oil companies. It identifies six main risks: 1) installation risks from cost overruns or delays, 2) broad operational liabilities and indemnities for contractors, 3) contract cancellation provisions that do not protect contractors, 4) unlimited liquidated damages payments for delays, 5) changes to country tax laws or security situations, and 6) pricing formats that do not properly share risks and rewards between parties. The document argues that contracts should be reformed to avoid these risks in order to improve industry stability and returns.
Foods like fish, nuts, dark chocolate, whole grains, fruits and vegetables can help improve memory and concentration. Omega-3 fatty acids in fish support brain health while caffeine, antioxidants in dark chocolate and nuts may enhance focus. Eating breakfast, staying hydrated and exercising can also boost cognition, but overeating or consuming too much caffeine may hinder it. Good breakfast options include whole grain bagels with salmon or 100% fruit juice while snacks can involve nuts, berries or dark chocolate.
This document lists the names of oil and gas fields in the Gulf of Mexico along with the year they started production. It includes fields operated by major companies like Anadarko, bp, Chevron, Exxon, and Murphy with start dates ranging from the 588th to the 1710th day of production in the Gulf of Mexico.
This document provides guidance on writing internal audit reports. It states that an audit report summarizes the audit work and findings/recommendations. Key aspects of an audit report include disclosing findings, describing findings and their root causes, providing suggestions for corrective actions, and including management's responses. The report should have a clear written expression of observations, risks identified, controls assessed, and suggestions for improvement. There are also guidelines provided around obtaining management comments, reaching agreement on findings, and finalizing the report.
The first Spar platform in the Gulf of Mexico was installed in September 1996 by Oryx Energy Co. to develop the Neptune oil field. The Spar platform saved an estimated $90 million compared to a conventional platform due to its design consisting of a 705-foot long, 72-foot diameter cylindrical hull that floats vertically and is anchored to the seabed. Production from the Neptune field using this innovative Spar technology was expected to peak at 25,000 barrels of oil and 30 million cubic feet of natural gas per day starting in 1999.
Response-based Metocean Criteria for OptimisingDesign and Operation of FPSOsFPSO Network
This document discusses response-based criteria for optimizing the design and operation of floating production storage and offloading (FPSO) vessels. It describes analyzing metocean conditions using a response-based approach rather than independent extremes. This involves using a long-term metocean dataset and vessel modeling to calculate response extremes, short-term and long-term variability to develop design conditions. Key responses like offsets, accelerations, bending moments are calculated. The analysis considers extremes, storms, and exceedance distributions to develop representative metocean conditions for FPSO design.
FPSO: Perspectives from the equity marketFPSO Network
Erik Tonne, Analyst with Artic Securities, shares with us the investor view on the FPSO-sector and its perspectives from the equity market.
Simon Davies, Director, Oil & Gas, Structured Asset and Export Finance for ANZ, will be exploring the the critical factors to create a bankable FPSO project at the 12th Annual FPSO Congress. Visit www.fpsoasia.com or enquiry@iqpc.com.sg
This document provides information on the structural components for an eco-plaza, including specifications and pricing for columns, beams, joists, rebar, and concrete. It details the section, length, weight, tonnage, and pricing for each component. The total structural cost for the eco-plaza is $314,740.65.
A large part of the Norwegian oil and gas production facilities have reached their initial design life, but the respective fields are still producing substantial levels of hydrocarbons.
OLF has initiated a project to establish the necessary standards and guidelines for assessing and ensuring safe life extensions.
The document discusses how Tekla Structures software can be used for modeling offshore structures from design through fabrication and erection. It can handle large, complex offshore projects, model a variety of standard and custom profiles, and integrate with other offshore industry software. The software allows collaboration in real-time and ensures reliable access to up-to-date project information. It can be used to generate drawings, material take-offs, and simulate construction sequencing and scheduling. Case studies demonstrate how the software streamlines offshore engineering work processes.
The document outlines a pathway to increase local content in Nigeria's oil and gas industry by fabricating floating production storage and offloading (FPSO) vessels in the country. It proposes using a horizontal slicing principle and simple flat plate construction technique that does not require a dry dock, allowing FPSO hulls to be built on land in Nigeria. This technique could create thousands of new jobs, stimulate the economy, and increase skills and opportunities for local workforce by bringing billions of construction hours to Nigeria that currently go to other countries. The plan is to initially build 70% of an FPSO hull locally then progress to building 100% in Nigeria.
There is approximately a 20% savings cost for using rolled threads instead of cut thread rods. Per ACI 318 Section D, there is no capacity difference between the two methods of manufacturing when used as anchor bolts set in concrete.
A large part of the Norwegian gas and oil production facilities has reached their initial design life, but the respective fields are still producing substantial levels of hydrocarbons. In order to ensure technical and operational integrity of these ageing facilities the Norwegian oil industry Association (OLF) has initiated a project to establish the necessary standards and guidelines for assessing and ensuring safe life extensions. This paper presents this project and the headlines of these standards and guidelines.
Dr. Himadri Banerji presented at the 2nd FSRU Conference in Singapore on risk management in LNG FSRU projects. He discussed key risks including construction delays and cost overruns, operational issues, upstream and downstream market volatility, and political and legal risks. Effective risk allocation and control requires well-defined contracts that allocate risks to parties best able to manage them. Non-recourse project financing is increasingly common through structures that limit risks for terminal operators, such as tolling agreements that transfer supply and market risks. Evolving contract and insurance structures also help manage risks in LNG FSRU projects.
SPAR platforms are floating structures used for offshore oil and gas production and drilling. There are currently 17 SPAR platforms in operation, with 3 classic cylindrical hull designs, 13 truss designs, and 1 cell design. SPARs are commonly used in ultra-deep waters for drilling, storage, production, and as unmanned buoys. The designs have evolved over time from classic cylindrical hulls to truss and cell designs to improve functionality and reduce costs. SPAR platforms are cheaper than other offshore platform options in deep water and are easier to install and remove than platforms with permanent leg attachments.
This document provides a summary of an Indian Standard (IS 800:2007) that outlines general guidelines for steel construction. Some key points:
- IS 800 covers general construction using hot rolled steel sections joined by riveting, bolting, and welding.
- It provides guidance on loads to consider in design, referring to other standards for specifics on dead, live, snow, wind, and earthquake loads.
- Fabrication and erection requirements are general in nature to ensure minimum quality consistent with design assumptions.
- The standard was revised to update it based on the latest developments and state-of-the-art in steel construction technology.
- The revision incorporated limit state design principles and allowed
This document analyzes the competitiveness of the Norwegian FPSO (floating production, storage, and offloading) industry. It finds that the industry faces challenges including a lack of competitive scale, keeping key activities in Norway, and future access to qualified labor. It provides recommendations for both the industry and government. For the industry, it recommends consolidation to increase size and establishing a cluster initiative. For the government, it recommends securing long-term policy stability, opening oil and gas activity in northern regions, and investing in cluster-related knowledge. The overall goal is for the FPSO cluster to strengthen and prove competitive for the future.
Antonio Carlos Pinto - "Pre-Salt: Challenges and Opportunities for the Brazil...Petrobras
- History: Petrobras has had major oil discoveries in Brazil's pre-salt province since the late 1990s and has pursued an aggressive exploration and development strategy focused on these reserves.
- Development Strategy: Petrobras' strategy involves phased development beginning with appraisal wells and pilots and ramping up to over 1 million barrels per day of production by 2016 utilizing new technologies.
- Opportunities: The pre-salt reserves provide opportunities for Petrobras to invest heavily in new technologies, local content policies, and partnerships to develop the challenging deepwater fields while doubling Brazilian oil production over the next decade.
Petrofac is an international oil and gas services company focused on engineering, construction, and operations. It has over 30 years of experience executing hundreds of projects globally. The document provides an overview of Petrofac's values, business units, HSSE commitment, and recent projects. Key areas covered include engineering and construction, engineering services, offshore engineering and operations, training services, and production solutions.
North American Energy May 2012 Investor PresentationCompany Spotlight
The presentation provides an overview of North American Energy Partners (NAEP), a construction and mining services company. It discusses NAEP's contract resolution with Canadian Natural Resources, amendments to its credit agreement, and realities and opportunities in the oil sands market. The presentation outlines NAEP's services, long-term customer relationships, and financial performance over time. Segment performance and outlook are also reviewed.
The document provides an update on Agnico-Eagle Mines' operations for August 18, 2011. It summarizes production highlights and challenges at each of its mine sites, including steady performance but narrow stopes at LaRonde, record throughput but soil subsidence issues at Goldex, continued strong performance at Lapa, and improvements in throughput and cost reductions at Meadowbank following the start-up of its secondary crushing plant. Exploration results are also promising at depth for Goldex and Meliadine. Challenges discussed include mining conditions, water management, and high costs.
TOO Q4 2011: Teekay Offshore Partners Fourth Quarter 2011 Earnings Presentation Altera Infrastructure
December 31, 2011 September 30, 2011
1) Teekay Offshore reported higher distributable cash flow and net income in Q4 2011 compared to Q3 2011. Voyage revenues $ 93,200 $ 89,100
2) Recent acquisitions like the Piranema Spirit FPSO helped increase cash flow. Teekay Offshore intends to recommend a distribution increase for Q1 2012. Voyage expenses (11,700) (11,400)
3) Teekay Offshore has secured growth opportunities in the North Sea through the Sevan transaction and exploration successes are yielding large oil discoveries in Norway.
Meed projects oil and gas webinar (2012.12)Yang Lee
The document summarizes oil and gas contracts awarded between 2007-2012 in the GCC region. Key points include:
- Over $182 billion in contracts were awarded, with a peak of over $52 billion in 2009 and a decline since.
- Saudi Arabia accounted for the largest share at $87.6 billion, followed by UAE at $60.2 billion.
- The majority of contracts were for oil and gas production projects, totaling $49.1 billion.
- Major contractors were predominantly South Korean, responsible for four of the top five largest contracts by value.
MEED Projects Oil and gas Webinar Presentation 10.12.12humeras
The document summarizes oil and gas contracts awarded between 2007-2012 in the GCC region. It shows that contracts worth $182.2 billion were awarded during this period, with a peak of $52.3 billion in 2009. Saudi Arabia accounted for the largest share at $87.6 billion, followed by the UAE at $60.2 billion. By sector, oil and gas production saw the highest value contracts of $49.1 billion. The document also provides an overview of major past and planned contracts in various GCC countries through 2012-2015.
Shell held a field visit for Socially Responsible Investors in Houston and in the Haynesville gas field, Louisiana, at which Russ Ford, EVP onshore gas, John Hollowell, EVP deepwater and Paul Goodfellow, VP production onshore gas all presented. The focus of the presentations and visit was to illustrate Shell’s tight gas operations in the context of sustainable development and our commitment to responsible deepwater operations.
The document summarizes Petrobras' development of the large pre-salt oil discoveries in the Santos Basin offshore Brazil. It outlines that announced recoverable volumes in the Santos pre-salt could almost double Brazilian reserves. It also discusses Petrobras' plans to accelerate development through a phased approach, with Phase 1 focusing on establishing initial production and cash flow. Key aspects of Phase 1 include contracting additional drilling rigs and fast-tracking 10 new FPSOs for production between 2013-2020. Managing reservoir uncertainties and technological challenges will be important for optimizing the long-term development of the major Santos pre-salt discoveries.
09.09 09.10.2009 - Presentation of Pré-sal E&P Executive Manager, José Mira...Petrobras
The document summarizes Petrobras' production plans from the large Santos Pre-Salt oil discoveries offshore Brazil. It states that announced recoverable volumes from Santos Pre-Salt could almost double Brazilian oil reserves. It also outlines Petrobras' expectations to increase oil production from the Santos Pre-Salt fields from 0.6 million barrels per day in 2013 to over 1.8 million barrels per day by 2020, primarily through accelerated development of the Santos Pre-Salt cluster compared to standard development timelines in other Brazilian fields. The document notes that capital expenditures for Santos Pre-Salt development through 2020 are estimated at $99 billion.
MEED Projects Oil and gas webinar presentation 101212humeras
The document summarizes oil and gas contracts awarded from 2007-2012 in the GCC region. It finds that $182.2 billion in contracts were awarded over this period, with a peak of $52.3 billion in 2009. Saudi Arabia accounted for the largest share at $87.6 billion, followed by the UAE at $60.2 billion. Oil and gas production was the largest sector by value at $49.1 billion. The document also outlines major past and planned contracts in various GCC countries and forecasts increasing contract awards from 2013-2015 after a decline since 2009.
01.06.2009 Presentation of Investor Relations Executive Manager, Theodore M....Petrobras
Petrobras is a large, integrated energy company headquartered in Brazil. It operates across the entire oil and gas value chain, including exploration and production, refining, transportation and marketing. Some key points:
- Petrobras has significant oil and gas reserves, especially in large pre-salt fields located off the coast of Brazil. It is investing heavily to develop these reserves.
- Production is expected to grow substantially through 2020 as more pre-salt and other new fields come online, especially in Brazil.
- Petrobras maintains financial discipline and targets an investment-grade credit rating. It carefully plans investments to support growth while managing leverage.
- The company has a dominant position in Brazil
The document provides a project update for Açu Shipyard in Brazil. It discusses the licensing process for the shipyard, the construction of an industrial district, and details on the shipyard's setup. Advantages of the site include welding and energy savings as well as optimal weather. The document outlines the projected capex and provides details on current orders, including progress on FPSO OSX 1 and systems for OSX 2-3. Finally, it notes the purchase of two VLCCs for conversion to FPSOs OSX 4-5.
The document provides a project update on the Açu Shipyard in Brazil. Key points include:
1) Construction is underway and licenses have been obtained. 2) An industrial district is being established to cluster heavy industry. 3) The shipyard setup includes areas for platform construction, modules, and administration buildings. 4) Advantages of the site include welding cost savings, optimal weather, soil conditions, and proximity to oil fields. 5) Current capital expenditures and order books for FPSOs and WHPs are outlined.
Teekay Offshore Partners and Teekay LNG Partners are MLPs owned by Teekay Corporation. Teekay Offshore focuses on deepwater offshore oil production and transportation projects, with assets including FPSO units and shuttle tankers. Teekay LNG focuses on LNG and LPG projects, owning one of the world's largest fleets of LNG carriers with long-term fixed contracts from major oil and gas companies. Both MLPs offer stable cash flows, growth opportunities through acquisitions, and high quarterly distributions to unitholders.
Teekay Offshore Partners and Teekay LNG Partners are MLPs owned by Teekay Corporation. Teekay Offshore focuses on deepwater offshore oil production and transportation projects, with a portfolio of 40 shuttle tankers, 7 FPSO units, 5 FSO units, and 10 conventional tankers. Teekay LNG focuses on LNG and LPG shipping, with a portfolio of 27 LNG carriers and 5 LPG carriers operating under long-term fixed-rate contracts. Both MLPs have strong growth opportunities through acquisitions from Teekay Corporation and new offshore oil and gas project developments.
Australia China Resources Symposium Spotlight Presentation NT Neville Bergin ...Symposium
Minemakers Limited is an Australian mining company focused on becoming a significant global player in phosphate rock mining and fertilizer production. It owns 100% of the large Wonarah phosphate project in Australia and a 48.4% stake in the Sandpiper project in Namibia. Minemakers is inviting potential partners to jointly fund the Wonarah Definitive Feasibility Study in return for project ownership. Wonarah has a JORC-compliant resource of over 780 million tonnes and preliminary studies show attractive financial metrics for the development of a phosphate fertilizer operation.
The document advertises the 13th Annual FPSO Congress taking place from September 17-20, 2012 in Singapore. It will include:
- 45+ presentations from oil operators, vessel owners, subcontractors and financiers such as Bumi Armada, SBM Offshore, Technip, and Woodside Energy.
- 2 exclusive site visits to SBM Offshore's FPSOs in Singapore and Technip's production facility in Johor Bahru, Malaysia.
- 350+ expected attendees from the FPSO industry.
- 2 purpose-built workshops on commercial and technical topics impacting the FPSO industry.
- A new venue at the Singapore Expo with an enhanced exhibition space
This document summarizes information about the Turnagain Nickel Project in northwest British Columbia. Key points include:
- The project features a large nickel deposit containing over 2 million tonnes of 18% nickel concentrate over a 27-year mine life.
- Preliminary economic analysis shows the project has positive economics, with an after-tax NPV of $0.72 billion and IRR of 13.5% using a base nickel price of $8.50 per pound.
- The project has received permits and has access to infrastructure like roads, power, and a port, making it low-risk to advance to production.
The document provides a project update on the Açu Shipyard in Brazil. It discusses the shipyard's licensing process and outlines its site layout. Advantages of the Açu site over an alternative in Biguaçu are presented, including lower construction costs from larger steel plates and better weather. The capital expenditure budget is given along with details of OSX's current order book from OGX, including timelines and costs for 5 FPSOs and 2 WHPs. Construction progress updates are provided for the first FPSO.
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