white rose oilfield development application - Husky Energy

The capital and operating cost estimates for a new steel FPSO are detailed on an annual basis in Table4.8-2, and capital and operating costs for a new steel semi-submersible are outlined in Table 4.8-3.They are based on 2000 constant dollar estimates prepared by KSLO, and include all applicable customsduties and sales taxes. These are P50 estimates.A comparison of P50 and P90 estimates (that is, a 50 percent and 90 percent probability, respectively, ofachieving this cost or less) for the FPSO and semi-submersible options is provided in Table 4.8-4. Thecapital cost estimates include costs for the following items:• production facility;• subsea facilities;• installation; and• well drilling and completion.Table 4.8-2Capital and Operating Costs – New Steel FPSO FacilityRate(m 3 /d)ProductionAnnual(1,000 m 3 )ExplorationDrillingCapital Costs ($Million)Pre-ProductionOperatingPost-Production Total Costs($Million)YearProj.Admin.Drilling Facilities SubSea1 10 111 1212 10 115 390 82 5973 10 155 390 150 7054 14,600 4,000 41 223 82 114 460 595 14,600 5,340 155 155 836 14,600 5,340 120 120 897 14,600 5,340 928 13,000 4,780 999 8,700 3,160 10010 5,600 2,060 9711 4,100 1,480 8612 3,100 1,150 7713 2,600 940 7114 2,100 760 6315 1,800 650 5716 1,600 570 5117 1,300 480 4918 1,000 350 1041920TOTAL 36,400 $30 $311 $1,114 $314 $389 $2,158 $1,177Notes:Operating costs exclude crude transportation costs.The final year operating costs include $41 million for abandonment of the facility and wells.The FPSO salvage value is estimated at $40 million (as spent).White Rose DA Project Summary • January 2001 Page 65