INTSOK Annual Market Report (2011-2014) ANGOLA

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INTSOK Annual Market Report 2010 Main Markets - Angola Block 17 Pazflor project – Total Pazflor is Total’s third development hub in Block 17, with 40% ownership share and partners Statoil (23.3%), ExxonMobil (20%) and BP (16.7%). The Pazflor hub includes individual discoveries Perpetua (discovered 2000), Hortensia (2002), Zinia (2002), and Acacia (2003). Hub location will be 150 km offshore and 40 km northeast of Dalia field, with the fields located in 600-1,200 m water depth. Similarly to Girassol and Dalia, individual fields will be subsea tie backs to a hub FPSO. Overall Pazflor project capex estimate is USD 9-10 billion and first oil scheduled for second half 2011. South Korean Daewoo Shipbuilding & Marine Engineering (DSME) won contract to supply newbuild FPSO with 82,000 tonne hull, 32,000 tonne topsides, processing capacity 200 kbblpd oil and 150 Mcfpd gas, and storage capacity 1.9 mbbl. KBR has been subcontracted by DSME for topsides design, engineering and procurement. Pazflor will include 2 complex subsea production systems for heavy oil (17-22 deg API) from Miocene reservoirs and light oil (35-38 deg API) from Oligocene reservoirs. Production of heavy and viscous oil will include the world’s first application of seabed gas/liquid separation and hybrid pumps which eliminates need for loops for hydrate control. Lighter oil flow is assured by a pipe-in-pipe envelope, insulated by rock wool. The project overall includes 25 producer wells, 22 water injectors, 2 gas injectors, 17 risers, 3 manifolds, 175 km flow lines and 90 km umbilicals. Technip won contracts to design, fabricate and install 80 km production and water injection rigid flow lines, conventional flexible risers and integration production bundle (IPB) risers and 60 km umbilicals. Acergy won a contract for 55 km water injection lines, gas injection, gas exports lines, umbilicals and more than 20 rigid jumpers. Acergy will install manifolds, 3 subsea separation units with associated umbilicals and FPSO mooring lines. Dresser Rand will supply gas compression packages and APL will provide the turret loading system. FMC won the main EPC contract for the subsea structures, including supply of 49 christmas trees and wellhead systems and subsea separation and pumping stations. Saipem starts development drilling during 2010 as part of a USD 1 billion contract for the newbuild Saipem 12000 drillship. Going forward, additional sub contracts are expected to be awarded from the main project suppliers. Block 17 CLOV project, recurring supplier selection during 2010 – Total CLOV is Total’s fourth development hub in Block 17, with 40% ownership share and partners Statoil (23.3%), ExxonMobil (20%) and BP (16.7%). The development project includes the Cravo, Lirio, Orquidea and Violeta discoveries located in 1,350 m water depth. Similarly as for earlier hubs in Block 17, basic engineering studies by Doris Engineering concluded with a FPSO/subsea tie back concept as the preferred solution. EMC3 won contract for subsea conceptual studies. CLOV will include 43 subsea trees tied back to a newbuild FPSO with crude processing capacity of 160 kbblpd, gas processing capacity of 250 Mcfpd and storage capacity of 1.6 mbbl. CLOV’s SURF system will include 122 km of production, injection and gas export flow lines, 100 km of umbilicals and 25 km of risers. The subsea production system involves separation and processing equipment and up to 34 wellheads in addition to manifolds. Contract awards have not been announced by project partners although bidding process for the FPSO, SURF package and subsea production systems have been reported to be in progress. Total expected FID for CLOV by mid 2010, with development drilling starting later in 2010 and first oil from 2014. This time schedule is yet to be updated following final selection of suppliers. 8
INTSOK Annual Market Report 2010 Main Markets - Angola Block 18 Plutonia project, FID expected 2011 – BP Block 18 is operated by BP (50% ownership) with partners Sonangol (12.5%) and Sinopec (37.5%). Key development project is Plutonia located 200 km offshore, northwest of Luanda, in water depth of 1,500 m. Additionally, the western fields Platina and Chumbo, 40 km west of Plutonia, and Cesioa, may be tied back. Expectations are that BP will decide on a converted FPSO from its existing frame agreements with Modec and SBM. BP has indicated 2011 FID for the project. Block 31 PSVM project ongoing, PAJ project to be decided 2011 - BP Block 31 is operated by BP (26.7% ownership) with partners ExxonMobil (25%), Statoil (13.3%), Marathon (10%) and Total (5%). By end 2009, Block 31 includes 20 discoveries located in 1,500-2,450 m water depth. Multiple development hubs have been identified, each hub likely developed via subsea tiebacks to FPSOs. PSVM is the most advanced hub in terms of planning and includes discoveries Plutao, Saturno, Venus and Marte located northeast in Block 31. Project approval was mid 2008, first oil is expected 2012. Future tie-ins to the FPSO could include Terra and Leda discoveries. Development will include a converted FPSO with 150 kbblpd plateau production. FPSO contract was won by Modec. Cameron will supply subsea production systems, and Heerema, Aker Solutions and Technip will supply umbilicals, flowlines, and risers. 48 production and injection wells are planned for. In anticipation of future projects in Block 31, BP has frame agreements with Modec and SBM for FPSOs and the other suppliers for the remaining hardware and services. Future FPSO designs are expected to be similar to enable fast-tracking. The second hub, with Final Investment Decision expected 2011, is located southeast in Block 31 and will include discoveries Palas, Astraea, and Juno (PAJ) located in 1,600-1,750 water depth. The second hub could be in production from 2015. A contract award to SBM for FPSO under the frame agreement is expected 2010. FPSO is expected to have 2 mbbl storage capacity and 14,000 tonne topsides. Tendering for subsea trees and pipelines is expected from end of 2010. The third hub is likely to follow 12-18 months after PAJ. Also with a FPSO-based subsea tieback development, this will include the discoveries Ceres, Hebe, Titania, Cordelia, Portia and Miranda fields, located in the central parts of Block 31. 9
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INTSOK Annual Market Report (2011-2014) ANGOLA

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