BW Offshore Monetizing the LNG value chain 28 January 2008
BW Offshore overview Among the leading players in the floating production industry 1,000 employees Strong global position Three business segments Floating production Technology Installation services Solid track-record 12 FPSO…
Global presence Norway Russia Scotland Latvia France USA Bermuda China Mexico India Philippines Nigeria Malaysia Singapore Brazil LNG/LPG/gas projects BW Offshore units APL Technology BW Offshore offices…
Optimizing LNG value chain Production Transportation Liquefaction Storage and ship loading Shipping Storage & regasification BW Offshore BW Offshore FLNG Offshore LNG terminal First gas 2011/12e First offloading 2005 30…
Why FLNG Gas will play an increasing role in worldwide energy supply Increasing demand for LNG imbalance and coming spot market Huge exiting gas reserves offshore, including associated gas More than 1,000 suited stranded gas fields…
Track record, FPSO VESSEL TYPE FIRST LOCATION CUSTOMER OIL Berge Sisar LPG FPSO 1982 Cabinda, Angola Chevron Berge Troll LPG FPSO 1989 Cabinda, Angola Chevron Texaco Navion Munin Oil FPSO 1997 Lufeng field, South China Sea Statoil…
Status FLNG Concept developed with international partners Offshore LNG is technically feasible Some pioneering work needs to be done DNV has confirmed no technical show-stoppers Economics of the business is very viable; good…
Main criteria for selection of solutions Safe, robust and environmentally friendly CAPEX and OPEX optimized Fit for purpose facilities, cost conscious approach Use proven technologies and robust components Use standard offshore…
Key facilities of the concept Sub sea module for gas supply Mooring Separation Gas treatment Liquefaction Storage Offloading 30 January 2008 10
Several module suppliers and partners Pre-Treatment Module Liquefaction Module Gas Turbine & Compressor Module 30 January 2008 11
Liquefaction is proven technology Onshore LNG plant in Norway (Hamworthy), N2 expander cycle Unmanned and remotely operated, including starts and stops 30 January 2008 12
Alternative containment systems BW Offshore design SPB 30 January 2008 13
Ship to ship LNG transfer BW Offshore transfer systems Based on oil transfer systems BLS and SDS 46 BLS and 26 SDS systems in operation globally External supplier Components New LNG hose Exiting Establish standards Testing…
Significant cost reduction Onshore (%) Items FLNG (%) 25 Wells + wellheads + manifolds 25 0 FLNG Barge + equipment 75 25 Production Platform 0 5-10 Gas compression to shore + condensate 0 system 25 Pipeline 0 80 Onshore LNG…
Conversion and operational experience Successfully executed 12 FPSO/FSO projects First FPSO in 1982 (LPG FPSO) Increased scope and complexity for latter projects Strong track record for production uptime 30 January 2008 16
Target identified FLNG prospects We are in dialogue with a dozen clients Identified prospects Potential prospects Indicative capital cost USD 650 1,000 million USD (1-2 MTPA) BW Offshore concept costs USD 500-650.000 per ton of LNG…
Moving LNG terminals offshore Positive project economics Low CAPEX and OPEX High flexibility Environmental friendly Security Harsh weather capabilities Land-based conventional terminal Proven performance record BW Offshore/APL…
Expanding flexibility of LNG Regas vessels LNG Regas Vessel LNG Conventional Tanker 30 January 2008 19
LNG terminal contracts Projects delivered Gulf Gateway (1 x STL), Excelerate Submerged buoy In operation since 2005 90 feet below the surface 1st offshore LNG terminal in the US Marker buoys Messenger line North East Gateway (2 x…
What is an LNG regas terminal Reinforced LNG High Pressure Pumps Storage Tanks and Vaporizers Oversized Boiler Traction Winch STL Ship Compartment Flexible LNG Regasification Vessel Riser Subsea Anchor Manifold…
Hurricane Ritas path Approximately 25 Miles from the eye Gulf Gateway 30 January 2008 22
Why is hurricanes no problem STL system in operation Aasgard C - FSO Wave rider buoy reported: Significant wave; 16.8 m Max Wave Height: 29.0 m Wind speed: 95 knots Equivalent to: Hurricane Category 2 Wind Hurricane Category 5 -…
North Sea, Heidrun Field 100% uptime and 13 years of operation 99.99 % Uptime 880 mill barrels produced 1000 Shuttle loads Operator Statoil Depth 340m Installed 1994 Design Life 25 years Design Wave Hs =15.5m Production…
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