Benefits of a cylindrically shaped floater for an FPSO application in cyclone exposed environments Presentation by: Fredrik Major, CBDO, Sevan Marine ASA for INTSOK DEEP WATER CONFERENCE Thursday 14 November 2013, Parmelia Hilton Hotel I Perth, Australia

1 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

2

World’s Growing Fleet of Cylindrical Floaters:

3 Field operator: FPSO Piranema Spirit Contract type: Build own and operate (ex Sevan Piranema) FPSO operator: Teekay Petrojarl In operation since October 2007 Yard: Yantai Raffles/Keppel Verolme Location: Offshore Aracaju, Brasil Water depth: 1000m

Oil processing: 30 000 bod Gas processing/injection: 3.6 mill Sm3/day-130 mill scfd @ 280 bar

4 Field operator: Contract type: Build own and operate FPSO Hummingbird Spirit FPSO operator: Teekay Petrojarl Yard: Yantai Raffles/Keppel Verolme (ex Sevan Hummingbird) Location: UK Central North Sea In production since September 2008 at Water depth: 120m Centrica Operated Chestnut field Hull size: Sevan300

UK CNS Oil processing: 20 000 bod Water injection: 20 000 bwd Liquid combined: 30 000 bld

Redeployment options currently evaluated

5 FPSO Sevan Voyageur at the Premier Oil Shelley field In operation from August 2009 – July 2010

Field operator: Premier Oil Contract type: Build own and operate FPSO operator: Sevan Marine Yard: Yantai Raffles/Keppel Verolme Location: UK Central North Sea Water depth: 95m Hull size: Sevan300

Oil processing: 20 000 bod Water injection: 20 000 bwd Liquid combined: 30 000 bld Power feed to two ESPs 2*800kW

Re-deployed to E.ON operated Huntington field (Premier Oil 40% partner)

6 FPSO Voyageur Spirit – First redeployment (ex Sevan Voyageur producing the Premier Oil operated Shelley field) In operation at the EoN operated Huntington field since March 2013

Field operator: EoN Ruhrgas Contract type: Lease and operate FPSO operator: Teekay Petrojarl Conversion Yard: Nymo Location: UK Central North Sea Water depth: 89m Hull size: Sevan300

Oil processing: 30 000 bod (20’) Water injection: 48 000 bwd (20’) Liquid combined: 60 000 bld (30’) Gas Compression 38 mmscfd (none)

7 FPSO Sevan 1000 for the ENI operated Goliat field Contract type: Technology license Location: Norwegian Barents Sea Water depth: 400m (Harsh and sub-arctic) Yard: Hyundai Heavy Industries Hull size: Sevan1000 Oil processing: 100 000 bod Water injection: 125 000 bwd Gas compression: 140 Mill Scfd Oil storage: 1 000 000 bbls Power feed from shore 60 MW

8 Hull construction

9 Sevan 1000 for Goliat - HHI November, 2013

10 Sevan 400 for Dana Operated– Western Western Isles Development Isles Fields

Contract type: Technology license Location: UK Northern North Sea Water depth: 165m Yard: COSCO Qidong Yard Hull size: Sevan 400 Oil processing: 40 000 bod Gas processing: 40 mmscfd Oil storage: 400 000 bbls

11 Sevan 400 for Dana Petroleum Operated– Western Western Isles Development Isles Fields Construction at COSCO Qidong November 2013

12 Sevan Drillers (owner/ operator Sevan Drilling) DP based MODU for Ultra deep water drilling Carrying capacity of the drillship, motion as a semisubmersible Yard: COSCO, China Sevan Driller - Contracted by Petrobras Sevan Brasil - Contracted by Petrobras Sevan Louisianna – Contracted by LLOG Bluewater Sevan Driller No:4

13 Sevan 300 No:4 and 5 COSCO Nantong, Completion to accommodation units First unit contracted by Petrobras

14 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

15

Geo-stationary hull – Main benefits

• Hull facing environment with same shape in all directions – no need to rotate, even in the harshest environmental conditions • Axio-symetric hull – no weathervaning -> Eliminating turret and swivel • Tolerant for weather spreading (waves/ wind/ current from different directions) • Capex savings: Cost of turret /swivel as well as thrusters avoided • Opex savings: Reducing requirement for marine crew and fuel consumption • Increased flexibility:Spare capacity for tie ins simply by spare riser guide tubes • Power transfer: Facilitates high electric power transfer

WAVESs

Sevan

16 Insignificant bending stresses due to global loads on the hull

• Eliminating typical wave induced fatigue loads

• Minimal hull deflections (sag/ hog) simplifying topside design

17 Favourable Motions compared to shipshaped FSU/ FPSO

18 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

19

Sevan Hummingbird – Full scale motion recording program

20 Design wave conditions for cylindrical FPSOs in operation/ under construction

21 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

22

23 Permanent mooring in Cyclone exposed areas JIP including model tests with Sevan Platforms

Demonstrated feasibility of safe permanent mooring through cyclone condition

Significant increase in production uptime based on avoiding disconnection

Mooring in fixed orientation eliminates problem with rapid change of wind direction forcing a shipshaped FPSO to get waves beam on and excessive roll

24 Tuning of hull shape for motion optimisation

25 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

26

FPU/FPSO for SCR

27 ENABLING SCRs FOR HARSH ENVIRONMENT FPSOs Sevan Hull Tuned for Optimized Motion Pattern

Steel Catenary Risers (SCRs) features: - Lower cost - Higher and more predictable durability - Higher capacity for top tension, temperature and pressure - More flexibility for corrosion protection and thermal insulation

28 28 SCR Termination

12 deg.

Umbilical termination/hang- off at el. 46m

SCR hang-off Umbilical entry in deck at el.18m guide tubes .

SCR

SCR Weigth coating TDZ

29 Contents

• Introduction and projects

• Features of the cylindrical hull

• Operational experience

• Permanent mooring in Cyclonic Conditions

• FPSO with SCRs in harsh deep environments

• FLNG application

30

SEVAN FLNG

31 Sevan FLNG Concept Tank Arrangement and Capacity LNG storage (6 tanks): 180 000 m3 LNG/ LPG storage (1 tank): 30 000 m3 Condensate storage (6 tanks): 28 000 m3 Ballast tanks (24 tanks): 80 000 m3

LPG/LNG Tank

LNG Tanks

Condensate Tanks LNG production capacity with two trains Up to 2,4 mmTPA

Ballast Tanks

32 SEVAN FLNG Main Dimensions

Based on Sevan Cylindrcal Hull

Hull diameter: 106 m Main deck diameter: 120 m Process deck diameter: 130 m Process deck Main deck elevation: 37 m Process deck elevation: 58 m Utility deck Operating Draft: ~20 -22 m Main deck

Process deck area: ~13 000 m2 2 Utility deck area: ~5 000 m Double bottom Main deck area: ~4 300 m2

33 SEVAN FLNG Main Dimensions

34 Sevan FLNG - Process Deck Arrangement

35 Cooling seawater Intake

• Large cooling water requirement – typical for 2.4 MTPA 18 000 m3/h

• Seawater intake from cold deepwater

• Stationary unit-> no interference with mooring and risers -> no swivel for cooling water required

36 36 LNG Offloading systems

Side-by-side Offloading Sea states Hs = 2.0 / 2.5 m

Tandem Offloading Sea states Hs = 3.5 / 4.5 m

Offset Side-by-side Offloading Sea states Hs = 2.5 / 3.5 m

37 LNG Offloading systems Offset Side-By-Side offloading to conventional LNG carriers based on loading arms

38 LNG Offloading systems Conventional LNG carrier moored to a DP based HiLoad unit

39 «We make the (floater) world go round»

40