ROCKHOPPER EXPLORATION PLC CAPITAL MARKETS PRESENTATION SESSION 4 DEVELOPMENT PAUL CULPIN DEVELOPMENT MANAGER OVERVIEW CONCEPT FIELD DEVELOPMENT BASE CASE DEVELOPMENT LOGISTICS AND INTFRASTRUCTURE PROJECT SCHEDULE SEA LION…
DEVELOPMENT OVERVIEW Development PresentaIon has three parts: Block 14/10 Sea Lion Main Complex Cover all the salient factors involved in an oshore development in the North Falkland Basin Block 14/10 Area Development…
DEVELOPMENT SEA LION MAIN COMPLEX CONCEPT PHASE Sea Lion Main Complex IntroducIon Base Case Development North Falkland Basin Metocean CondiIons Oil Sales and Trading LogisIcs and Infrastructure Project Schedule…
DEVELOPMENT SEA LION MAIN COMPLEX INTRODUCTION AUGUST 2012 126
DEVELOPMENT IntroducIon SEA LION FIELD DEVELOPMENT CONCEPT PHASE TIMING AND PROGRESS The Concept Phase has been on going since May 2011 Concept Phase is divided into two parts Concept Screening Concept Engineering Screening…
DEVELOPMENT IntroducIon SEA LION OVERVIEW Sea Lion Main Complex has: A relaIvely large Mid Case areal extent 68 sq km with liale to no faulIng Large conInuous sand layers varying in thickness over the eld 25m 90m with good…
DEVELOPMENT introducIon TYPICAL FPSO FIELD DEVELOPMENT FOINAVEN WEST OF SHETLAND S ubsea d evelopment w ith Floating SEPTEMBER 2011 129 Production S torage and O fftake (FPS O )
DEVELOPMENT SEA LION BASE CASE FULL FIELD DEVELOPMENT CONCEPT AUGUST 2012 130
DEVELOPMENT LOCATION FPSO
DEVELOPMENT SEA LION FIELD DEVELOPMENT CONCEPT PHASE STUDIES TECHNICAL STUDIES FaciliIes and Subsea concept developments and cost Well concepts in conjuncIon with the above eld developments and cost VLCC MoIon CharacterisIcs,…
DEVELOPMENT SUBSEA WELLS TIED BACK TO FPSO DEVELOPMENT CONCEPT 350 mmbbl oil recoverable WELLS producIon, water and gas DESIGN THROUGHPUT injecIon Oil rate in the region 108,000 - 24 producIon wells from 4 subsea 120,000 bopd…
DEVELOPMENT SEA LION DEVELOPMENT SCHEMATIC FPSO FPSO (LEASED) (Full Processing, HSP/GL/ESP, GI, WI Subsea, Wet Prod. Trees) SEPTEMBER 2011 134
DEVELOPMENT FPSO SEA LION MAIN FAN COMPLEX (Leased) 3km radius 3km radius 6 producers 6 producers Oil ProducIon Power Water to HSP/Gas Lim/Electrical Cable to ESP 3km radius Water InjecIon 3km radius FPSO…
DEVELOPMENT VERY LARGE CRUDE CARRIER Conversion from trading tanker to FPSO SEPTEMBER 2011 136
DEVELOPMENT TYPICAL FPSO FIELD FOINAVEN PARAMETER FOINAVEN SEA LION LocaIon 190 km west of Shetland 200 km north of Falkland Water Depth 455m 450m EsImated Oil Reserves 380 mmbbl 350 mmbbl (resource) EsImated Gas Reserves 230…
DEVELOPMENT AREAS OF STUDY Concept Engineering Subsea and Wells SUBSEA and WELLS Flow Assurance Steady State Waxy nature of the crude 20% Pour Point 30 degC Sea Lion 14/10-5 well test had arrival temperatures above 65 degC…
DEVELOPMENT AREAS OF STUDY Concept Engineering FaciliIes and Subsea FACILITIES OIL PROCESS Maintaining temperatures Oil and water separaIon GEOTECHNICAL FOUNDATION STUDIES SucIon pile Driven pile Anchor SUBSEA…
DEVELOPMENT AREAS OF STUDY Concept Engineering Wells WELL STABILITY Well Stability/Rock Mechanics High formaIon integrity negates any sand control requirements FormaIon integrity allows for the ability to drill the formaIon in…
DEVELOPMENT MET OCEAN CONDITIONS Data based upon 15 months wave rider buoy informaIon located in block 14/10 in 1998 and 1999 COMPARISON BETWEEN THE Campos Basin Brazil, North Falkland Basin, Central North Sea, West of…
DEVELOPMENT METOCEAN DATA SEPTEMBER 2011 142
DEVELOPMENT METOCEAN DATA 10 min Wind Speed at 10m (m/s) Signicant Wave Height (m) SEPTEMBER 2011 143
DEVELOPMENT METOCEAN DATA Swell Wave Height (m) SEPTEMBER 2011 144
DEVELOPMENT MET OCEAN CONDITIONS SEPTEMBER 2011 145
DEVELOPMENT MET OCEAN CONDITIONS SEPTEMBER 2011 146
DEVELOPMENT MET OCEAN CONDITIONS SEPTEMBER 2011 147
DEVELOPMENT MET OCEAN CONDITIONS SEPTEMBER 2011 148
DEVELOPMENT MET OCEAN CONDITIONS SEPTEMBER 2011 149
DEVELOPMENT OIL SALES AND TRADING AUGUST 2012 150
DEVELOPMENT SEA LION CRUDE ASSAY Medium crude API 29.2 Wax content c.20% Low Sulphur at 0.21% Low TAN 0.25 IniIal studies based upon on Gross Product Worth (GPW) analysis indicates that Sea Lion would be likely to…
DEVELOPMENT SEA LION CRUDE MARKETING/TRADING Rockhopper does not currently intend to trade Sea Lion OpIons for trading include Integrated oil company Specialist oil trading company Typical Ime to market by tanker NW Europe…
DEVELOPMENT LOGISTICS AND INFRASTRUCTURE DEVELOPMENT & PRODUCTION REQUIREMENTS SEPTEMBER 2011 153
DEVELOPMENT LOGISTICS AND INFRASTRUCTURE PRODUCTION & DEVELOPMENT REQUIREMENTS During producIon phase Typical FPSO requirements during producIon phase Resupply 2 weeks Personnel movements 1-2 ights/week 75 people oshore on…
DEVELOPMENT LOGISTICS AND INFRASTRUCTURE DEVELOPMENT & PRODUCTION REQUIREMENTS During development The Project ExecuIon Plan outlines Semi submersible Pre drilling of producIon/injecIon wells with 1 rig 1 year prior to rst oil 4…
DEVELOPMENT POTENTIAL TIMETABLE FOR DEVELOPMENT SEPTEMBER 2011 156
DEVELOPMENT POTENTIAL TIMETABLE FOR DEVELOPMENT Possible Full Field Development Schedule Complete Concept Engineering Studies 4Q 2011 Award Subsea FEED 1Q 2012 Award FaciliIes FEED 2Q 2012 Complete FEED 4Q 2012 Approval* of…
DEVELOPMENT SEA LION FIELD DEVELOPMENT SUMMARY Concept work has been progressing since May 2011, work on-going for compleIon end 2011 MulIple studies are being carried out with anIcipated ouaurn cost for 2011 GBP 2.5million…
DEVELOPMENT SEA LION MAIN COMPLEX PHASED DEVELOPMENT SEPTEMBER 2011 159
DEVELOPMENT FPSO (Leased) PHASED DEVELOPMENT 3km radius 3km radius 6 producers 6 producers 3km radius Oil ProducIon 3km radius Power Water to HSP/Gas Lim/Electrical Cable to ESP Water InjecIon 6 producers 6…
DEVELOPMENT BLOCK 14/10 AREA DEVELOPMENT SEPTEMBER 2011 161
DEVELOPMENT SEA LION AREA FUTURE DEVELOPMENT Casper Kermit Chatham This is a snapshot of the potenIal future Using the standard concepts presently being engineered RepeaIng of known designs will decrease risk and costs from…
DEVELOPMENT 14/10 3km radius AREA DEVELOPMENT 6 producers 3km radius 6 producers 6 producers 3km radius 3km radius 3km radius Oil ProducIon Power Water to HSP/Gas 6 producers 6 producers Lim/Electrical Cable to…
DEVELOPMENT JOHNSON GAS CONDENSATE DEVELOPMENT PLANNING SEPTEMBER 2011 164
DEVELOPMENT JOHNSON GAS CONDENSATE SCOPING PHASE OVERVIEW Johnson is a Gas Condensate eld of unknown quanIty and uid properIes in 500m of water. Scoping and pre concept screening work has been carried out to aaempt to qualify a…
DEVELOPMENT JOHNSON SCOPING PHASE ASSUMPTIONS GAS VOLUMES Trillion Cubic Feet (TCF) Range from 3 TCF 30 TCF Use of 5 TCF and 10 TCF in the scoping studies CONDENSATE VOLUMES Million Barrels (MMBBL) During the drilling of the…
DEVELOPMENT JOHNSON FIELD DEVELOPMENT SCENARIO OFFSHORE FLOATING LNG AUGUST 2012 167
DEVELOPMENT JOHNSON FIELD DEVELOPMENT SCENARIO ONSHORE LNG 500 m Water Depth Semisub FPU (or TLP) TEG DehydraIon 125 barg export compression 250 km x 30 Pipeline to Falklands 70 barg arrival pressure AUGUST…