Cascade and Chinook Journey History and Future Chinook Gas Export - - PowerPoint PPT Presentation

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Cascade and Chinook Journey History and Future Chinook Gas Export - - PowerPoint PPT Presentation

Petrobras America General Meeting - 2nd Quarter 2009 Cascade and Chinook Journey History and Future Chinook Gas Export Csar Palagi Walker Ridge Asset Manager Petrobras America Inc. July 9 th , 2012 1 Cascade Petrobras America General


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Petrobras America General Meeting - 2nd Quarter 2009

1 Chinook Cascade Gas Export

Cascade and Chinook Journey

History and Future

César Palagi Walker Ridge Asset Manager Petrobras America Inc. July 9th , 2012

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Petrobras America General Meeting - 2nd Quarter 2009

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The presentation may contain forecasts about future events. Such forecasts merely reflect the expectations of the Company's management. Such terms as "anticipate", "believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of

  • perations may differ from current expectations, and readers must not base their expectations

exclusively on the information presented herein. The Company is not obliged to update the presentation/such forecasts in light of new information or future developments. All projects forecasted herein are subject to approval by the appropriate stakeholders. The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production

  • r conclusive formation tests to be economically and legally producible under existing economic and
  • perating conditions. We use certain terms in this presentation, such as oil and gas resources, that

the SEC’s guidelines strictly prohibit us from including in filings with the SEC.

CAUTIONARY STATEMENT FOR US INVESTORS

Disclaimer

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Petrobras America General Meeting - 2nd Quarter 2009

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Petrobras E&P Portfolio In The US Gulf Of Mexico

173 E&P Blocks (9 shelf, 164 deepwater); 127 Operated by Petrobras (June, 2012)

(122 Exploration Blocks , with total area close to 3,000 km2)

Outstanding 2001-2011 Exploration Results:

* Exploration Wells: 33 drilled wells; 22 discoveries (67%) * Wildcat Wells: 19 drilled wells; 11 discoveries (58%)

Miocene Play Lower Tertiary Play

Discoveries under Development or Appraisal Production assets

Petrobras’ blocks in the GoM

Petrobras’ next Exploration Drilling Wildcat Wells

Pliocene Play

Tiber

Gila

Lucius Hadrian North Hadrian South

Urca

Cascade Chinook Stones St.Malo Logan

Olympic Ipanema Enterprise

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Petrobras is the Lower Tertiary 3rd Largest Player in the GoM

100 mi 160 km Cascade Chinook

  • St. Malo

Jack Baha Great White Trident Kaskida Stones Tobago Great White West Gotcha Deep Shenandoah Tucker Buckskin Tiber 2002 2002 2002 2003 2002 2005 2009 2006 2009 2009 2004 2006 2005 2009 2006

Lower Tertiary trend

2002-5 2001 2011 Logan 2011

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Year Cascade Chinook 2002

1 Discovery Well

2003

1 Discovery Well

2004 2005

2 Appraisal Wells

2006

Petrobras Operator

2007

FID – Final Investiment Decision – Phase 1

2008 2009

2 Wells

2010

1 Well

2011 2012

1 Well ongoing

Cascade and Chinook Field History (1996 Lease Sale)

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Phase 1

  • 2 Wells from Cascade & 1 from Chinook;
  • Subsea X-Trees, Manifolds, Pumps,

Flowlines and Risers;

  • Gas exported by Pipeline and Oil by

Shuttle –Tanker.

Potential Phases 2 & 3

  • Up to 6 wells on Cascade & 7 on Chinook;
  • Subsea Trees and Manifolds;
  • Replacement of the FPSO;
  • Oil Export: Shuttle Tanker vs. Pipeline.

Option for Phase 3 Phase 1 Configuration

Cascade and Chinook Phased Development

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Long History of Technological and Operational Leadership in Deepwater

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Cascade and Chinook Reservoir Challenges

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Cascade and Chinook Seismic Acquisition

Recording Vessels

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Wave Buoy on deck

Cascade and Chinook Wave Buoy Installation and Operation

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Cascade and Chinook Well Drilling and Completion Rigs

Ocean Endeavor Diamond Offshore Drilling

2008 2008

West Sirius Seadrill Limited Discover Deep Seas Transocean Ltd.

2009

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Petrobras’ Deepest Well Drilling and Completion 27,500 ft

Williams Tower

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Fracture Penetration (ft) 200 400 116.24 min 25200 25400 25600 25800 26000 Proppant Coverage lb/ft^2 25400 25600 t Coverage lb/ft^2 25400 25600 t Coverage lb/ft^2 25200 25400 lb/ft^2 Fracture Penetration (ft) 200 400 116.24 min 25200 25400 25600 25800 26000 Proppant Coverage lb/ft^2 25400 25600 t Coverage lb/ft^2 25400 25600 t Coverage lb/ft^2 25200 25400 lb/ft^2

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Well Fractured Area 1000 ft x 400 ft Equivalent to 2 FPSOs

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  • Deepest Free Standing Hybrid Riser (8200 ft/ 2500 m)
  • Deepest Pipe-in-pipe (8845 ft/ 2696 m)
  • Deepest Subsea Boosting System (8857 ft/ 2700 m)
  • Deepest Export Pipeline (8200 ft/ 2500 m)
  • First Umbilical Riser Pull-in Using a Subsea Winch

Subsea Challenges

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Subsea Installation Vessels

Hereema Balder Subsea 7 Seven Seas Technip - Deep Blue Technip - Olympic Challenger Veolia – Viking Poseidon

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Subsea System

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Artistic View Vessel & Disconnectable Turret

FPSO BW Pioneer

FPSO on Production

  • First FPSO to Operate in the US Gulf
  • Deepest mooring of a Floating Production Facility (8200 ft/ 2500 m)
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FPSO Construction in Singapore Module Lift onto FPSO

Aboard the FPSO at Keppel Shipyard, Singapore

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1

FPSO Buoy Construction in Indonesia and Transportation thru Panama Canal

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Shuttle Tanker Construction in Philadelphia

Shuttle Launching

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Shuttle Tanker Overseas Cascade

Shipping in the Gulf of Mexico Part of BP’s Macondo Operation

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Gas Export Discovery Pipeline System

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Regulatory Compliance Execute Facilities

Project Schedule – Phase I

Design Facilities&Wells

Open&Close Cascade Petrobras Operator

Drill&Complete Wells 2006 2007 2008 2009 2010 2011 2012

Open Cascade Open Chinook

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Phase 1

  • 2 Wells from Cascade & 1 from Chinook;
  • Subsea X-Trees, Manifolds, Pumps,

Flowlines and Risers;

  • Gas exported by Pipeline and Oil by Shuttle

–Tanker.

Potential Phases 2 & 3

  • Up to 6 wells on Cascade & 7 on Chinook;
  • Subsea Trees and Manifolds;
  • Replacement of the FPSO;
  • Oil Export: Shuttle Tanker vs. Pipeline.

Option for Phase 3 Phase 1 Configuration

Cascade and Chinook Phased Development

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Drilling and Completion of new Wells

VANTAGE - Titanium Explorer Drill Ship

1st Quater 2011 2012

ENSCO – Mendocino Drill Ship

2011

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Starting the Design of a Platform to Replace the FPSO

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27 Chinook Cascade Gas Export

  • Production is ongoing –

good well and facilities performance.

  • Pos-Production journey

is just beginning.

Cascade and Chinook Journey Present and Future

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In 1996…

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In 2012…

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30 Chinook Cascade Gas Export

Thank you.

César Palagi Walker Ridge Asset Manager Petrobras America Inc. July 9th , 2012