cascade and chinook journey - petronoticias.com.br · 2016. 11. 25. · petrobras america general...

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

http://www.braziltexas.org/


2

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

operations 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

or conclusive formation tests to be economically and legally producible under existing economic and

operating 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


3

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


4

Petrobras is the Lower Tertiary

3rd Largest Player in the GoM

100 mi

0 160 km

Cascade

Chinook

St. Malo Jack

0

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


5

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)


6

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


7

Long History of Technological and

Operational Leadership in Deepwater


8

Cascade and Chinook

Reservoir Challenges


9

Cascade and Chinook

Seismic Acquisition

Recording Vessels


10

Wave Buoy on deck

Cascade and Chinook

Wave Buoy Installation and Operation


11

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


12

Petrobras’ Deepest

Well Drilling and Completion

27,500 ft

Williams Tower


13

Fracture Penetration (ft)

200

400

116.24 min

25200

ft

TVD

25400

25600

25800

26000

GR_EDTC_ED gAPI

0

150

75.00

App Static_E' MMpsi

0

10.00

5.00

MDT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500

GR_Stress_Jack psi

19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500

Proppant Coverage lb/ft^2

0.884 m/sec


200

400

157.53 min

25200

ft

TVD

25400

25600

25800

26000

GR_EDTC_ED gAPI

0

150

75.00

App Static_E' MMpsi

0

10.00

5.00

MDT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500

GR_Stress_Jack psi

19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500


0.884 m/sec


200

400

157.53 min

25200

ft

TVD

25400

25600

25800

26000

GR_EDTC_ED gAPI

0

150

75.00

App Static_E' MMpsi

0

10.00

5.00

MDT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500

GR_Stress_Jack psi

19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500


0.884 m/sec


200

400

85.16 min

25200

ft

TVD

25400

25600

25800

26000

Stress (psi)

19500

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500


0.884 m/sec


200

400

116.24 min

25200

ft

TVD

25400

25600

25800

26000

G R_EDTC_ED gAPI

0

150

75. 00

App St at i c_E' M M psi

0

10. 00

5. 00

M DT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500

G R_St ress_Jack psi

19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500

Pro

pp

an

t C

overa

ge lb

/ft^

2

0.884 m/sec


200

400

157.53 min

25200

ft

TVD

25400

25600

25800

26000

G R_EDTC_ED gAPI

0

150

75. 00


0

10. 00

5. 00

M DT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500


19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500

Pro

pp

an

t C

overa

ge lb

/ft^

2

0.884 m/sec


200

400

157.53 min

25200

ft

TVD

25400

25600

25800

26000

G R_EDTC_ED gAPI

0

150

75. 00


0

10. 00

5. 00

M DT Pressure

19000

20000

19500

Res Pres psi

19000

20000

19500


19000

20000

19500

New Net Pay mD

0.10

100

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500

Pro

pp

an

t C

overa

ge lb

/ft^

2

0.884 m/sec


200

400

85.16 min

25200

ft

TVD

25400

25600

25800

26000

Stress (psi)

19500

0.000

0.250

0.500

0.750

1.000

1.250

1.500

1.750

2.000

2.250

2.500

Pro

pp

an

t C

overa

ge lb

/ft^

2

0.884 m/sec

13

Well

Fractured Area

1000 ft x 400 ft

Equivalent

to 2 FPSOs


14

• 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


15

Subsea Installation Vessels

Hereema Balder

Subsea 7 Seven Seas Technip - Deep Blue

Technip - Olympic

Challenger

Veolia – Viking Poseidon


16

Subsea System


17

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)


18

FPSO Construction in Singapore

Module Lift onto FPSO

Aboard the FPSO at

Keppel Shipyard,

Singapore


19

1

FPSO Buoy Construction in Indonesia

and Transportation thru Panama Canal


20

Shuttle Tanker Construction

in Philadelphia

Shuttle Launching


21

Shuttle Tanker Overseas Cascade

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


22

Gas Export

Discovery Pipeline System


23

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


24

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


25

Drilling and Completion of new Wells

VANTAGE - Titanium Explorer

Drill Ship

1st Quater 2011 2012

ENSCO – Mendocino

Drill Ship

2011


26

Starting the Design of a Platform

to Replace the FPSO


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


28

In 1996…


29

In 2012…


30

Chinook

Cascade

Gas Export

Thank you.

César Palagi

Walker Ridge Asset Manager Petrobras America Inc.

July 9th , 2012

http://www.braziltexas.org/

cascade and chinook journey - petronoticias.com.br · 2016. 11. 25. · petrobras america general...

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