Heavy Medium Light 15 30 45 0 Brazil Marlim Canada LLB Mexico Maya Oil monetisation Ecuador Oriente Arab Heavy Brazil Roncador Angola Hungo Brazil Lula Brazil Cernambi API Brazil Sapinhoa Colombia…
Oil monetisation Potential markets NWE Suezmax MED USWC USEC S. Korea Japan USGC China Suezmax Suezmax India VLCC VLCC VLCC Suezmax Peru Singapore Brazil Suezmax Santos Chile Basin 6
Oil monetisation DPST offloading requirement Safety and reliability in lifting operations Small global fleet no spot market 1 DPST on charter from Knutsen 4 new DPSTs ordered from Teekay 7
Oil monetisation Ship-to-ship (STS) transfer options Safe and reliable, but with permitting and weather limitations Uruguay is current option Brazil is preferred location USGC Caribbean and W. Africa require Caribbean more…
Oil monetisation BG Group liftings underway First lifting: a first in many respects First export cargo by BG Group from Brazil First ever STS transfer of crude in Uruguay First wholly owned DES crude cargo by BG Group Second lifting…
Oil monetisation Oil marketing and logistics plan Lula FPSO 1 Sapinho & Lula Sapinho & 8 FPSOs NE FPSOs 2&3 Cernambi FPSO 4&5 2011 2012 2013 2014 2015 Liftings (pa)* 2 7 18 33 59 Marketing and Introduce Lula with spot sales…
Oil monetisation Screened long-term offloading options Onshore terminal Deep water mono buoy Copyright Remora FSO and two mono buoys (OTF) Remora Hi-load 11
Oil monetisation Offshore transhipment facility (OTF) Export Safe and reliable transhipment tanker 2m bbls 15,000 m3/hr Buffer storage between marketing and production Loading Shuttle buoy tanker PLEM Reliable access to…
Oil monetisation OTF location and schematics Sanction in 2012 RIO DE Cabinas Conventional Tankers Onstream 2015 JANEIRO SO PAULO Buoy Buoy Netback Brent minus 4/bbl FSO OTF Caraguatatuba DPST Urugu Mexilho Cernambi…
Oil monetisation Production & offloading timing options 2nd FSO (VLCC) or other 600 BG Group net production (000s boed) 450 OTF 300 DPST to market or 150 to STS point 0 2010 2015 2020 *BG Group view of future…
Oil monetisation Key messages BG Group independently marketing its equity oil Adopting commercially flexible solutions Oil monetisation targeting high-value markets 2 DPST cargoes in 2011, 7 planned for 2012 4 DPSTs contracted…