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Quest OffshOre PrOduct catalOg
© 2013 Quest Offshore Resources, Inc.
About Quest Offshore Resources
Quest Offshore is a boutique strategic advisory and consulting firm to the global offshore Oil & Gas industry. Quest provides market expertise, strategic analysis, marketing communication and consultancy services focused primarily on technology-led solutions for deepwater exploration, development and exploitation activities.
Through a dedicated team of sector specialists focused on qualitative and quantitative data, Quest is able to provide a suite of subscription data products designed to identify global market opportunities for deepwater technologies. The Quest Enhanced Deepwater Development Database is the cornerstone of Quest’s capabilities to analyze and illustrate the regional and global nuances of each step of a field’s lifespan from leasing rounds to decommissioning activity.
Quest Product Catalog Directory
Quest Floating Rig Commitments (QFRC)
Drilling
Quest Global Prospects Report (QGPR)
Exploration
Quest Subsea Database (QSDB)
SubSEa
Quest Subsea Production Umbilical Database (QSPUD)
SubSEa
Quest Pipeline Perspective (QPP)
pipElinES
Quest Marine Construction Vessels (QMCV / QVCS)
MarinE ConStruCtion
Quest Floating Production Database (QFPD)
Floating proDuCtion
Quest Deepwater Shipyards Outlook (QDSO)
ShipyarDS
Quest Deepwater Shipyard Outlook
Quest FPS Database
Quest Marine Construc<on
Vessels
Quest Pipeline
Perspec<ve
Quest Subsea
Produc<on Umbilical Database
Quest Subsea
Database
Quest Floa<ng Rig
Commitments Quest Enhanced Deepwater Database
Quest Global
Prospects
QSAT
Quest Field Development Report LNG
Buy Side Investment Firm Comprehensive Investor Briefing Book
Flexibles & Umbilical Contractor Analysis of Industry Decision Centers Related to Forecast Demand
FPS Contractor Report on the Market for FPS Moorings
Independent Oil Company Multi-Project Component and Total Cost / Reserve Analysis
Industry Lobby Groups Analysis of Economic Impact of Offshore Industry
Regulatory Impact Analysis
International Chemicals Company Global Pipeline Insulation Report
Major International Oil Companies Offshore Pipeline Pigging Study
Gulf of Mexico Field Development Study
FPS Fabrication Yard Report
Subsea Equipment Pricing Study
Deepwater Equipment Cost Indicies
Hind-cast Trends in Marine Construction Asset Day Rates
Analysis of Current and Future Subsea Processing Applications
Forecast Marine Construction Asset Day Rate Model
Major National Law Firm Contract Dispute Research and Analysis, Expert Witness Services
Major Rig Fabricator Government Required Cost Benefit Analysis
Marine Construction Contractors Global SURF Installation Spending Report
Market Outlook and Business Plan Support
Newbuild Vessel Cost Analysis
Vessel Capabilities and Work Targeting Study
Operator / Engineering Contractor FPS Replacement Cost Valuations
Private Equity Investors Engineering Firm Capabilities and Work Targeting Study
Newbuild Pipelay / Construction Valuation and Market Study
Detailed Supply & Demand Analysis for all SURF Components
Comprehensive Analysis of Market Opportunities for Niche Player
Steel Supplier Large Diameter Pipeline Competitor Analysis
Steel-tube Supplier Regionally-Specific Analysis of Deep and Ultradeepwater Steel Demand
Quest Consulting Services & Experience
Select Consulting Experience
Quest Consulting Services & ExperienceQuest Offshore’s consultancy practice has grown considerably in recent years as an extension of our comprehensive market coverage through our subscription products. Utilizing the Quest Enhanced Deepwater Development Database, in combination with our global network of key industry contacts, Quest maintains the flexibility to speak to a wide variety of questions and requirements through a client-driven consulting process aimed at providing accurate and concise results in a format best fitting the customer’s needs.
Clients engage Quest’s consulting practice from all business areas involved in deepwater oil and gas including financial firms, engineering firms, supply chain companies, trade groups, law firms and oil companies. Our clients look to branch out into new areas of the market and seek to understand the competitive landscape, to better understand the current and future pricing environment, to expand upon a market trend illustrated in a current subscription product, or otherwise utilize the data and expertise of Quest. Quest is a leading source for valuable, client-directed consulting products and expertise that enables companies to make well-informed decisions across the offshore oil and gas industry.
Prepared by:
Quest Offshore Resources, Inc. Prepared for:
1600 Highway 6, Suite 300 American Petroleum Institute (API)
Sugar Land, TX 77478 National Ocean Industries Association (NOIA)
June 2011
United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis
The Economic Impacts of GOM Oil and Natural Gas Development on the U.S. Economy
i
Key Findings
This report has documented the decline in
capital expenditures and operational
spending of the GoM offshore oil and
natural gas industry that occurred over the
2008 to 2010 period. The principal reasons
for this decline include the economic
recession in 2008-09 and the establishment
of a moratorium on deepwater drilling and
subsequent slowdown of permit issuance in
both GoM deep and shallow waters in 2010
and into 2011. We estimate that tens of
thousands of jobs have been lost in
response to the decline in capital
expenditures and operational spending of
the offshore GoM oil and natural gas
industry over this period.
We also demonstrate the near term
potential of the offshore GoM oil and natural
gas industry to create jobs, boost GDP and
generate tax revenues at all levels of
government – if the government pursues
a balanced regulatory approach that
allows for the timely development of the
backlog of GoM projects in an
environmentally responsible manner.
Under such government policy, we
estimate total spending by the GoM
offshore oil and natural gas industry to
increase by over 70 percent by 2013
from 2010 levels, and capital
expenditures to increase by over 140
percent. If potential spending levels are
reached, total employment supported by
the Gulf of Mexico oil and natural gas
industry in 2013 could exceed 430
thousand jobs or a 77 percent increase
from 2010.
.
Table 1: Estimated Historical and Projected Capital and Operational Spending, GDP
Impacts, and Employment1 Supported by the Offshore Gulf of Mexico Oil and Natural Gas
Industry (2008-2013)*
*Projected spending, GDP, and employment contingent on returning to pre-Macondo permitting rates.
Source: Quest Offshore Resources, Inc.
1 Total employment includes direct, indirect, and income induced employment.
($b illions)
2008 2009 2010 2011 2012 2013
Operating Expenditures $16.7 $17.2 $17.7 $21.6 $25.0 $25.7
Capital Expenditures $11.9 $9.7 $6.5 $8.9 $10.4 $15.7
GDP Impacts $30.8 $29.1 $26.1 $32.9 $38.2 $44.5
Total Employment 306,870 285,042 242,317 311,023 356,174 429,208
Historical Projected
26
Table 8: Estimated Historical and Projected Gulf of Mexico Oil and Natural Gas Industry
Domestic Spending Trends by Detailed Spending Type*
* Projected spending contingent on returning to pre-Macondo permitting rates.
Source: Quest Offshore Resources, Inc.
From 2009-2010, overall spending (both
deep and shallow water) fell by 10 percent.
The most affected sector was the drilling
sector, which saw a 41 percent decrease in
spending during the period as deepwater
drilling all but halted for two quarters of the
year due to the moratorium and shallow
water drilling significantly declined due to the
extreme slowing of drilling permit issuances.
The drilling sector is also expected to see
the most significant growth in spending if a
return to historical conditions occurs, with
drilling spending in 2013 expected to rise
165 percent from 2010 levels to $9.1 billion.
Facilities spending is also expected to see
significant growth from 2010 to 2013, with
spending expected to be up by 113 percent
over 2008 levels reaching $3.2 billion. For
this particular category, 2010 spending was
2008 2009 2010 2011 2012 2013
G&G $0.1 $0.1 $0.1 $0.1 $0.1 $0.1
Drilling $2.6 $3.5 $1.8 $2.6 $3.5 $4.8
Facilities $0.0 $0.0 $1.2 $1.9 $0.8 $1.9
SURF $3.0 $2.9 $1.3 $1.3 $1.9 $2.9
Total Deepwater $5.8 $6.5 $4.3 $5.9 $6.3 $9.8
2008 2009 2010 2011 2012 2013
G&G $0.1 $0.1 $0.1 $0.1 $0.1 $0.1
Drilling $4.0 $2.4 $1.6 $1.3 $2.5 $4.3
Facilities $1.1 $0.4 $0.4 $1.4 $1.3 $1.3
SURF $0.8 $0.2 $0.1 $0.4 $0.3 $0.3
Total Shallow Water $6.1 $3.2 $2.2 $3.1 $4.1 $5.9
Total CAPEX $11.9 $9.7 $6.5 $8.9 $10.4 $15.7
2008 2009 2010 2011 2012 2013
Total Deepwater $5.8 $6.2 $6.7 $8.5 $9.9 $10.3
2008 2009 2010 2011 2012 2013
Total Shallow Water $10.9 $11.0 $11.1 $13.1 $15.1 $15.4
Total OPEX $16.7 $17.2 $17.7 $21.6 $25.0 $25.8
Total Spend $28.5 $26.9 $24.2 $30.5 $35.4 $41.5
Projected
Deepwater
Capital Expenditures (Billions)
Shallow Water
Historical
Operating Expenditures (Billions)
Shallow Water Shallow Water
Deepwater
Shallow Water
Deepwater Deepwater
Quest Floating Rig Commitments (QFRC)
STRATEGIC VALUE
• Identifies global and regional deepwater exploration, appraisal and development well drilling demand
• Details global and regional floating rig supply, including existing fleet and newbuild units
• Illustrates “gap” analysis between global well demand and floating rig supply
QFRC Deliverables
u Monthly snap-shot of Quest Floating Rig Commitments in MS Excel
u Quarterly market overview outlining key forecast trends in MS PowerPoint
QFRC Outline
Global Drilling Activity• Current Drilling Activity by Well
Type (Exploration, Appraisal, Development)
• Most active Operators currently drilling with Floating Rigs
• Global Floating Rig Supply & Total Well Demand
Quarterly Regional Activity• Current Drilling Activity by Well Type
(Exploration, Appraisal, Development)• Percentage of rigs working by provinces
within the region• Supply and Demand by Region –
five-year forecast• Average Day-rates among top five
operators in region
Floating Rig Analysis• Twelve Month Utilization by Region &
Global Comparison• Floating Rig Supply to 2018 (Contracted
vs. Spec Rigs)• Newbuild Deliveries out to 2018• Operators with Newbuilds ordered• Stacked Rigs by Type• Top 10 Operators with Floating Rigs
contracted
Current Global Drilling Activity with Floating Rigs
56%
32%
12%
Exploration/Appraisal
Development
Other
Exploration/Appraisal Development OtherAfrica/Medit. 24 17 3Asia Pacific/Middle East 20 8 8North America 18 18 7North Sea/Arctic 15 19 7South America 54 14 4Worldwide 131 76 29
Global Floating Rig Supply and Forecast Subsea Well Demand 2012-2016
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1000
2012 2013 2014 2015 2016
Floa
ting
Rig
Sup
ply
Fore
cast
Dril
ling
Dem
and
Spud Year
Forecasted Wells Rigs Contracted Effective Supply
Africa / Medit. Regional Drilling Profile
Transform Margin: Ghana, Cote D’ Ivore, Liberia, Sierra Leone, Guinea & Guinea Bissau
Other Africa: Caspian, Equatorial Guinea, Mauritania, Gabon, Cameroon, Namibia, Senegal, Benin, Turkey, S. Africa
Mediterranean: Egypt, Libya, Tunisia, Algeria, Morocco, Israel
East Coast Africa: Mozambique, Madagascar, Tanzania, Kenya
Rigs Working
Over the past 24 months (2011-2012) nine newbuild rigs have been deployed with another eight expected to arrive over the next 24 month period (2013-2015). Frontier areas off East Africa, Transform Margin and Med. are growth areas for increased exploration activity.
Angola & Nigeria now account for less than 50% of floating rigs working off Africa/Med.
34%
20%39%
7%
Current Drilling Profile (44 wells)
Expl. Wells Drilling Appr. Wells Drilling Dev. Wells Drilling NDA27%
18%
12%
11%
18%
14%ANGOLA-CONGO
NIGERIA
TRANSFORM MARGIN
EAST COAST AFRICA
MEDITERRANEAN
OTHER AFRICA
Average Dayrate for all rigs in-service globally is $390,000
Worldwide Top 15 Operators by Floating Rig Commitments
Rig
Coun
t
Avg. Dayrate ($000)
$347
$419$449
$406$428 $453
$494
$275
$446
$258
$515
$411
$469
$388
$285
0
100
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400
500
600
0
10
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70
Petr
obra
s
Stat
oil
BP
Shel
l
Tota
l
Chev
ron
Exxo
nMob
il
ONG
C
Eni
OGX
Anad
arko
Pem
ex
Hess
Nobl
e En
ergy
Buru
llus G
as
Rig Cnt Avg Dayrate ($000)
RIG SUPPLY
Rig Owner Rig Name Rig TypeStation Keeping
Drilling Depth ft
WD Rate FT WD CULL
Year Build
Transocean Discoverer Luanda Drillship dp 40000 7500 Ultra-deep 2010Ensco Ensco 5001 Semi moored 25000 6500 Deepwater 1998Transocean Jack Bates Semi moored 30000 5400 Deepwater 1997Vantage Drilling Platinum Explorer Drillship dp 40000 10000 Ultra-deep 2011Noble Drilling Noble Discoverer Drillship moored 20000 2000 Mid-water 1975Transocean Deepwater Pathfinder Drillship dp 30000 10000 Ultra-deep 1998Saipem Scarabeo 5 Semi dp 29500 6000 Deepwater 1990Seadrill West Phoenix Semi dp 30000 10000 Ultra-deep 2008Transocean GSF Arctic I Semi moored 25000 3400 Mid-water 1996Dryships Leiv Eirikson Semi dp 30000 10000 Ultra-deep 2002
RIG CONTRACTS
Operator Hemisphere ProvinceContract
Start Contract
EndYr
AvailDay Rate
($000)bp Africa/Medit. Angola 11/1/2010 1/15/2018 2018 470Maersk Africa/Medit. Angola 2014 275Santos Asia Pacific/Middle East Australia 7/15/2012 4/15/2013 2013 ONGC Asia Pacific/Middle East India 1/1/2011 1/1/2016 2016 590Royal Dutch/Shell North America Alaska 7/15/2012 3/1/2014 2014 240Eni North America GOM-US 9/1/2010 4/1/2015 2015 672Statoil North Sea/Arctic N Sea, Norway 9/15/2002 9/1/2017 2017 400Total North Sea/Arctic West of Shetlands 1/8/2012 1/10/2015 2015 452Vanco South America Brazil 2013 Borders & Southern (FOGL) South America Falkland Island 2016
EXPLORATION & DEVELOPMENT WELL SPUDS
Project TypeQuest
IDWell Type Project Name Block Water Depth Mtr Project Status
Parent Project 1754 D BLOCK 31 PHS 1 (NE AREA) (PSVM) Blk 31' 1804 Pending/ConstructionProspect 4255 E Block 23 Exploration (Kwanza Basin) Blk 23' 1200 Drilling (Prospect)Prospect 1056 E Crown-1 WA-274-P' 1000 Drilling (Prospect)Prospect 3694 E KG Basin Exploration (ongoing) Krishna-Godavari Basin' 1000 Drilling (Prospect)Prospect 3030 E Burger Top-Hole 6713-6714' 50 Drilling (Prospect)Prospect 3837 E Appaloosa well 003 MC460' 803 Drilling (Prospect)Parent Project 3509 D Hyme 6407/8-C-2 6407/8' 256 Pending/ConstructionProspect 3795 E Tomintoul 205/9-2 205/9' 580 Drilling (Prospect)Prospect 3572 E Sabia BM-S-72 S-M-1100' 200 Drilling (Prospect)Prospect 3835 E Scotia (Hersilia Complex) Northern License Area' 800 Drilling (Prospect)
Excel Tables Do Not Contain All Available Data Fields
Quest Global Prospects Report & Quarterly (QGPR/QGPQ)
STRATEGIC VALUE
• Outlines global deepwater exploration opportunities
• Leading indicator for long-term deepwater development activity
• Highlights upcoming areas of focus and operator interest for E&P activity
• Prospect-level data enabling users to identify which drilling programs are driving future trends
QGPR/QGPQ Deliverables
u Monthly snapshot of exploration activity (MS Excel)
u Quarterly market analysis of global and regional exploration trends (MS PowerPoint)
QGPR/QGPQ Outline
Global Deepwater Exploration Activity
• Drilled and undrilled activity by hemisphere
• Drilled and undrilled activity by water depth cull
• Drilled and undrilled activity by current status
Operators’ Activity Highlights• Drilled and undrilled activity by
operator classification • Top 15 Most Active, Most Successful and
Least Successful drillers• Global Deepwater Exploration Drilling
Activity – Five-Year Rolling Forecast• Identified Exploration and Appraisal
counts • Forecast drilling by hemisphere
compared to actual drilling
Quarterly Regional Activity• Comparison of activity levels by regions
within a hemisphere• Operator activity in a specific region• Exploration activity levels by water
depth category• Drilling Success Rates since 2004
0
20
40
60
80
100
120
2009 2010 2011 2012 2013 2014 2015 2016
E&A
Wel
l Cou
nt
Spud Year
>=7500 FSW
4001-7499 FSW
1501-4000 FSW
0-1500 FSW
Africa / Medit. Explora(on Forecast 2013-‐2016 (Normalized) Explora(on & Appraisal drilling expected to DOUBLE over the next 4 years
Explora(on Targets by Hemisphere 2004-‐2016 (12 Yr. Normalized)
No.
Exp
lora
(on
Targ
ets
Drilled 2522 Un-Drilled 1619
462547
450631
432
375 270279
345
350
0
200
400
600
800
1000
1200
Africa/Medit. Asia Pacific/Middle East
North America North Sea/Arctic South America
No.
Disco
verie
s
Top 20 Most Successful Operators 2004-‐2012
34%
25%
41%
Majors more than any other group have been the most successful in the deep and ultra deep-‐water basins
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20
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120
140
160
Independents Majors
Na(onals
North America Explora(on Success 2004-‐2012
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70
80
2004 2005 2006 2007 2008 2009 2010 2011 2012
Cou
nt
Spud Year
Spuds Discoveries
PROSPECT-LEVEL DATAOperator Prospect Name Hemisphere Province Block Water Depth Mtr
OGX Abacate Extension Well South America Brazil 'BM-S-29' 100Royal Dutch/Shell Benbecula North Sea/Arctic West of Shetlands'154/1a' 1240Nido Bikuda SC58 Asia Pacific/Middle EastPhilippines 'SC58' 1000bp Capella KC 414 North America GOM-US 'KC414' 1680ConocoPhillips DS-08-11 Asia Pacific/Middle EastBangladesh 'DS-08-11' 1000Petrobras Mexilhao Africa/Medit. Portugal 'Mexilhao Blk / Lusitaniana Basin' 3000Petrobras Park of Sweets area BM-ES-23 South America Brazil 'ES-M-525' 1400Premier Oil Rocket (Catcher Area) North Sea/Arctic N Sea, UK '28/9' 100Cobalt International EnergyRocky Mountain MC649 North America GOM-US 'MC649' 1890Genel Energy Sidi Moussa Block exploration well #1Africa/Medit. Morocco 'Sidi Moussa' 1250WELL-LEVEL DATA
Well Type Spud Mo Spud Yr Status Rig Name Modified Date Modified Year Drilling NotesAppraisal 9 2013 Prospect (Prospect) 11 2012 Nov 2010: OGX assumed Maersk interest and becomes operator; more 3d seismic tb acquired and one extension of abacate to be drilledExploration 4 2013 Prospect (Prospect) 9 2011Exploration 5 2014 Prospect (Prospect) 6 2012 2d seismic tb complete mid 2012; will drill Balyena prospect in same block first in Jan 2014;Exploration 9 2013 Prospect (Prospect) 7 2010Exploration 7 2013 Prospect (Prospect) 7 2012 Bangladesh winter season is Nov-FebExploration 9 2014 Prospect (Prospect) 7 2011 200-3000 meter water depths in blockExploration 10 2013 Prospect (Prospect) 11 2012 addt wells planned for area after making multiple discoveriesExploration 9 2014 Prospect (Prospect) 3 2012 one of three low risk prospects identified tb drilled before 2015 (incld Rapide and Cougar)Exploration 11 2013 Prospect (Prospect)ENSCO 8503 10 2011 One of many prospects on Cobalts priority list to be drilled.Exploration 9 2014 Prospect (Prospect) 8 2012
Excel Tables Do Not Contain All Available Data Fields
Quest Subsea Database (QSDB)
STRATEGIC VALUE
• Industry leading forecast of subsea tree awards
• Market forecasts illustrate near and long-term health of overall subsea industry
• Key analysis around regional, operator and water depth trends for subsea tree awards and startups
• Historic and forecast subsea CAPEX analysis
QSDB Deliverables
u Market Overview in MS PowerPoint of key trends and forecasts
u Full working files in MS Excel supporting Market Overview
u Full downloads of historic and forecast subsea databases
QSDB Outline
Subsea Project Spend by Onstream (Startup) Year• Illustrations of global historical and
forecast spending for entire subsea production package
Market Forecast Subsea Awards• Quest applies a base, mean and
high case to all projects to take into consideration the location, timing, status, etc. of a project in calculating forecasted trees. Current market dynamics also influence the base and high case scenarios for projects.
• Historical and five-year forecast of global subsea tree awards: By Region, By Water Depth, CAPEX analysis for tree, control and manifold hardware (Only)
• Top operators classified by their mean case tree award forecast
Market Analysis Subsea Tree Startups• Illustrates historic and forecast installed
base of subsea tree awards• From 1996 and includes six-year
forecast: By Region, By Water Depth
Market Share Analysis• Long-term regional subsea tree
market share• Current quarter analysis of subsea tree
and control awards• Current quarter and YTD review of
subsea tree, control and manifold awards by manufacturer and estimated value (US$)
HISTORICAL TREE-LEVEL DATA
Province Operator Project Name StatusTree Booked
DateTree Delivery
YearSubsea Contract
($000)Number Of Manifolds
Manifold Mfg Tree Mfg Controller Mfg
N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/2012 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/2012 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC Technologies
SUBSEA FORECAST-LEVEL DATA
StatusSubsea Tree
CountTree Bid Date Tree Award Date Tree Award Qtr Award Year Bidder 1 Bidder 2 Bidder 3
Bidding 58 9/1/2012 6/1/2013 2 2013 Aker Solutions FMC TechnologiesFEED 5 6/1/2013 1/1/2014 1 2014 CameronFEED 18 9/1/2013 3/1/2014 1 2014 GE Oil & Gas FMC TechnologiesConceptual 10 1/1/2015 6/1/2015 2 2015
Conceptual 10 6/1/2013 3/1/2014 1 2014 FMC Technologies GE Oil & Gas
FEED 6 6/1/2014 6/1/2015 2 2015 FMC Technologies Cameron GE Oil & GasFEED 8 1/1/2013 6/1/2013 2 2013 FMC TechnologiesFEED 8 1/1/2013 6/1/2013 2 2013 FMC TechnologiesConceptual 15 1/1/2014 12/1/2014 4 2014FEED 36 1/1/2014 6/1/2014 2 2014
PROJECT-LEVEL DATA
Hemisphere Province Operator Project Name BlockWater
Depth MtrStartup
YearHost Field Name
Offset From Host Km
Africa/Medit. Angola Total Kaombo Phase 1 (BLOCK 32) '32' 1540 2018 Kaombo Phase 1 20Africa/Medit. Israel Noble Energy LEVIATHAN EPS (DOMESTIC SUPPLY) 'Rachel License' 1000 2017 LEVIATHAN EPS (DOMESTIC SUPPLY) 3Asia Pacific/Middle East Indonesia INPEX ABADI GAS FIELD FLNG (MASELA BLOCK) 'Masela' 500 2017 ABADI GAS FIELD FLNG (MASELA BLOCK) 5Asia Pacific/Middle East Indonesia Chevron KUTEI BASIN: RANGGAS (RAPAK PSC) 'Rapak PSC' 1600 2018 MAKASSAR STRAIGHT PHS 3 11
North America GOM-Mexico Pemex LAKACH-LABAY COMPLEX'Deep Coatzacoalcos'
1500 2016 50
North America GOM-US ExxonMobil JULIA WR627 'WR627' 2160 2017 HADRIAN NORTH KC919 75North America GOM-US Royal Dutch/Shell STONES FFD WR508 'WR508' 2900 2015 STONES FFD WR508 5North Sea/Arctic N Sea, UK Enquest PLC KRAKEN 9/2b '9-2' 118 2016 KRAKEN 9/2b 3North Sea/Arctic West of Shetlands Hurricane Exp LANCASTER 205/21A PHS 1 '205/21a' 157 2016 LANCASTER 205/21A PHS 1 3South America Falkland Island Premier Oil SEA LION 14/10-3 '14/10-B' 400 2017 SEA LION 14/10-3 3
Excel Tables Do Not Contain All Available Data Fields
World Subsea Produc/on Capex Forecast spending 2012-‐2017e $67.2bn
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700
$0
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$4,000
$6,000
$8,000
$10,000
$12,000
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$16,000
$18,000
$20,000
2004 2005 2006 2007 2008 2009 2010 2011 2012e 2013e 2014e 2015e 2016e 2017e
Num
ber o
f Sub
sea
Tree
Sta
rtup
s
KM o
f SPU
or $
MM
Startup Year
$MM -‐ subsea production umbilicals installed
$MM -‐ subsea manifolds
$MM -‐ tree control pkg (flying leads, jumper, MCS, HPU, UTA, J-‐Plate)
$MM -‐ subsea trees & control pod: (chokes, sensor pkg.)
No. subsea trees (well completions) by onstream year
Km -‐ subsea production umbilicals installed
0
100
200
300
400
500
600
700
800
# of Sub
sea Tree
s (Mean Case)
Award Year
Africa/Medit. Asia/Pacific N. Sea N. America S. America
Quest Global Subsea Tree Forecast Awards Mean Case 2000A to 2016e
Global Subsea Tree Awards by Water Depth 2000-‐2016e (Forecast = Mean Case)
Deep and ultra deep water awards forecast to increase by 129% in 2012-‐2016e (mean
case) compared to 2007-‐2011.
0
100
200
300
400
500
600
700
800
# Subsea Tree Aw
ards (M
ean Case)
Award Year
0-‐1500fsw 1501-‐4000fsw 4001-‐7500fsw 7501+fsw
0-‐1500fsw 36%
1501-‐4000fsw 24%
4001-‐7500fsw 38%
7501+fsw 2%
Global Consolidated Market Share
AS = Aker Solu/ons; CAM = Cameron; DQ = Dril-‐Quip; FTI = FMC Technologies; GE = GE Oil & Gas
0%
10%
20%
30%
40%
50%
60%
70%
% M
kt S
hare
Award YrAS CAM DQ FTI GE
Quest Subsea Production Umbilical Database (QSPUD)
STRATEGIC VALUE
• Illustrates global demand trends for the subsea production umbilical (SPU) market
• Delineates market into steel-tubed and thermoplastic-hosed SPU demand
• Analyzes market in terms of volume (KM) and value (US$MM)
• Provides comprehensive market share analysis of historical global awards
QSPUD Deliverables
u Market Overview in MS PowerPoint of key trends and forecasts
u Full working files in MS Excel supporting Market Overview
u Full downloads of historic and forecast subsea production umbilical database
QSPUD Outline
Market Forecast of Subsea Production Umbilical Capex by Award Year
• Top operators classified by their historic and forecast demand
• Comparison of region demand based on historical and forecasted SPU awards
• Includes comparison between steel and thermoplastic SPU’s for each region
Subsea Production Umbilical Forecast Awards• Kilometers of SPU awarded (historical
and forecast) vs. number of trees awarded (historical and forecast)
• Comparison between hemispheres based on SPU awards in kilometers and equivalent US$
• Illustration of dynamics between steel and thermoplastic demand within the SPU market historically and in the next five years.
Historical Umbilical Market Share • Market share of SPU manufacturers• Regional Comparison between
hemispheres based on historical-to-date awards
• Steel vs. thermoplastic comparison
Forecast Umbilical-Level Data
Umbilical Status Umbilical Type Bid Date Award DateInstall Date
Length Meters Mfg Bidder 1 Mfg Bidder 2 Mfg Bidder 3
LOI (Letter of Intent) Steel Super Duplex 6/1/2007 4/1/2015 1/1/2017 104585 Technip DUCOBidding Steel Super Duplex 4/2/2012 12/20/2012 9/1/2014 43443 Aker Solutions Oceaneering Umbilical SolutionsTechnip DUCOFEED Steel 6/1/2013 3/1/2014 8/1/2015 25000 NEXANS JDR Umbilical Systems Technip DUCOBidding Thermoplastic 9/1/2012 1/1/2013 7/1/2013 10000 JDR Umbilical SystemsBidding Steel 3/1/2012 12/1/2012 1/1/2015 1000 NEXANS Oceaneering Umbilical SolutionsConceptual Steel 6/1/2014 1/1/2015 1/1/2018 20000 NEXANSConceptual Subsea Power 6/1/2014 1/1/2015 1/1/2017 20000 NEXANSBidding Steel 6/1/2012 3/1/2013 4/15/2015 25000 Aker Solutions NEXANS Oceaneering Umbilical SolutionsFEED Thermoplastic 1/1/2013 10/1/2013 6/1/2015 60000 Oceaneering Umbilical SolutionsBidding Thermoplastic 6/1/2011 12/20/2012 4/1/2013 10000 Oceaneering Umbilical Solutions
Project-Level Data
Hemisphere Province Operator Project Name BlockWater Depth
MtrStartup
YearOffset From
Host KmAfrica/Medit. Angola bp BLOCK 31 PHS 3 (CHTMCP) 'Blk 31' 1602 2017 5Africa/Medit. Angola Chevron LIANZI ANGOLA-CONGO UZ BLOCK 14 '14' 909 2015 43Asia Pacific/Middle East China CNOOC LIUHUA 16-2 '16-2' 400 2016 2Asia Pacific/Middle East Philippines Otto GALOC PHS 2 'SC 14C' 290 2013 5North America GOM-US bp ATLANTIS PHS 2B GC699/GC700/GC743/GC743/GC744 'GC787' 2156 2015 9North America GOM-US bp Kaskida KC292 'KC292' 1786 2018 5North America GOM-US bp Kaskida KC292 'KC292' 1786 2018 5North Sea/Arctic N Sea, Norway Statoil AASTA HANSTEEN (6707/10-2 ,6706/10 ) '6707/10' 1275 2016 5South America Brazil Petrobras FRANCO-1 TRANSFER OF RIGHTS FPSO P-74 ANP Transfer of Rights 2100 2016 3South America Brazil OGX TUBARAO AZUL (FRMR WAIMEA) PHASE 2 BM-C-41 (OSX-2) 'BM-C-41' 140 2013 5
Excel Tables Do Not Contain All Available Data Fields
0
100
200
300
400
500
600
700
800
0
500
1000
1500
2000
2500
3000
# Subsea Tree Aw
ards (M
ean Case)
KM
Award Yr
Global (Steel Awarded) Global (Steel Unawarded -‐Mean Case)
Global (Thermoplastic Awarded) Global (Thermoplastic Unawarded -‐Mean Case)
Global SS Trees (Mean Case)
Subsea Tree & SPU KM Ac1vity Trends Mean Case
SPU Demand – Global Base, Mean and High Case SPU Awards
$0
$500
$1,000
$1,500
$2,000
$2,500
US$
MM
Award Year
Global (Steel Awarded) Global (Steel Unawarded -‐Mean Case)
Global (Thermoplastic Awarded) Global (Thermoplastic Unawarded -‐Mean Case)
Global (All Types -‐ High Case) Global (All Types -‐ Base Case)
2001-‐2004 2005-‐2008 2009-‐2012e 2013e-‐2016eNSEA -‐ Thermoplastic (Mean Case) 565 365 320 482NSEA -‐ Steel (Mean Case) 1199 611 654 1373NSEA -‐ All Types (High Case) 1764 976 999 2266NSEA -‐ All Types (Base Case) 1764 976 949 1443
0
500
1000
1500
2000
2500
KM
Award Year
North Sea– SPU Demand 4-‐Year Comparison (KM) Base, Mean and High Case Awards Forecast
-49% -35% +110%
+7% -12%
+51%
Global SPU Manufacturer Market Share 2000 – Q3 2012 SPU
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
% M
arke
t Sha
re (K
M)
Award Year
Aker Solutions MFX NEXANS Oceaneering Umbilical Solutions Other Parker Prysmian Technip DUCO
SS Power3%
Steel61%
Thermoplastic36%
Quest Pipeline Perspective (QPP)
STRATEGIC VALUE
• Illustrates global demand for deepwater flowline and pipeline installation and SURF projects
• Breaks market down into outer diameter ranges aligned with installation asset capabilities
• Analyzes demand associated with subsea projects, export lines and large transmission lines
• Detailed data includes location, pipeline specs, length, installation contractors and milestone dates
QPP Deliverables
u Market Overview in MS PowerPoint of key trends and forecasts
u Full working file in MS Excel supporting Market Overview
u Full downloads of historic and forecast deepwater pipeline and flowline database
QPP Outline
Kilometers of flowline installed worldwide • Provides Base, Mean, and High Six-Year
Forecast Cases • Historical Analysis from 2002 onward.• Outside Diameter Analysis: 0-14”,
15\19”, 20-24”, 25”+• Rigid Steel and Flexible Analysis
Comparison of hemispheres and provinces based on historical and forecasted flowline projects
• Base, Mean, and High Normalized Case Six-Year Forecasts
• Historical Analysis from 2002 onward• Outside Diameter Analysis per
Hemisphere: 0-14”, 15-19”, 20-24”, 25”+
• Demand Allocation: Global Demand Allocation by Kilometer
• Demand Growth: Historical v. Forecast Five-Year Period
Worldwide Pipeline Demand 2006 – 2017
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
KM
Installation Year
Flexible
25+ Rigid Steel
20-24 Rigid Steel
15-19 Rigid Steel
0-14 Rigid SteelWorldwide Pipeline Demand Growth 2006 – 2011 vs. 2012 – 2017
0
5,000
10,000
15,000
20,000
25,000
2006-2011 2012-2017
KM
Installation Year
0-14
15-19
20-24
25+
2012e-‐2017e Top Operators by Pipeline InstallaGon (KM) Infield v. Exports
0
1000
2000
3000
4000
5000
6000
7000
Petrobras Chevron Total bp Statoil Woodside Petroleum
Royal Dutch Shell
Anadarko Petroleum
INPEX Hess
Installed Pipe
line KM
Operator
Export KM Infield KM
Gulf of Mexico Pipeline Demand 2006 – 2017
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
KM
Installation Year
Flexible
25+ Rigid Steel
20-24 Rigid Steel
15-19 Rigid Steel
0-14 Rigid Steel
PROJECT-LEVEL DATA
Operator Hemisphere Province Field BlockWater Depth
MtrSubsalt/P
resaltStranded
GasStartup
YearProject Bid
DateOffset From
Host KmTotal Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5bp North America GOM-US TIBER KC102 'KC102' 1259 Yes No 2019 5bp North America GOM-US TIBER KC102 'KC102' 1259 Yes No 2019 5Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '6707/10' 1275 No Yes 2016 10/1/2011 5Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '6707/10' 1275 No Yes 2016 10/1/2011 5Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3
PIPELINE-LEVEL DATA
DescriptionFlowline
StatusInternal
DiameterExternal
DiameterLength Km Design
Flowline Export Type
Flowline TypeFlowline
Start DateContractor Barge
ORQUIDEA VIOLETA PRODUCTION Installing 10 14 21 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisORQUIDEA VIOLETA WATER INJ Installing 10 33 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisCRAVO LIRIO PRODUCTION Installing 12 16 17 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisCRAVO LIRO WATER INJ Installing 12 24 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisGAS EXPORT Installing 13 32 Export Pipeline Gas Rigid steel 9/15/2012 Subsea 7 Seven BorealisMEG LINE Installing 3 65 Infield Flowline Rigid steel 7/1/2012 EMAS AMC AMC ConnectorCORROSION RESISTANT PIPE TO SHORE Installing 30 65 Export Pipeline Gas Rigid steel 3/1/2012 ALLSEAS SOLITAIREINFIELD BETWEEN MANIFOLDS Installing 8 6 Infield Flowline Rigid steel 1/1/2012 ALLSEAS SOLITAIRELouisiana Deepwater Link 2 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/2006 ALLSEAS SOLITAIRELouisiana Deepwater Link 1 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/2006 ALLSEAS SOLITAIREIndependence Trail Gas Export Line Flowing 24 225 Export Pipeline Gas Rigid steel 4/15/2006 ALLSEAS SOLITAIREInfield Flowlines Discovery 12 60 Infield Flowline Rigid steel 1/1/2019Oil Export Discovery 20 65 Export Pipeline Oil Rigid steel 8/1/2018Infield Flowlines Bidding 6 25 Infield Flowline Rigid steel 4/1/2015Gas Export (NSGI) Bidding 34 480 Export Pipeline Gas Rigid steel 5/1/2014Multiphase Production Line (LAST 20) Flowing 30 20 Infield Flowline Rigid steel 7/31/2006 SAIPEM S7000Multiphase Production Line Flowing 30 120 Infield Flowline Gas Rigid steel 5/30/2006 SAIPEM S700030" Export Flowing 30 33 Infield Flowline Gas Rigid steel 6/15/2005 ALLSEAS SOLITAIREMULTIPHASE PRODUCTION LINE (FIRST 100) Flowing 30 100 Infield Flowline Gas Rigid steel 7/31/2006 Acergy LB 200Glycol Template Tie-In Flowing 6 3 Infield Flowline Rigid steel 8/1/2006 Acergy Acergy FalconGlycol Template Tie-In Flowing 6 3 Infield Flowline Rigid steel 8/1/2006 Acergy Acergy FalconGlycol Line Flowing 6 125 Infield Flowline Rigid steel 4/15/2006 Acergy Acergy FalconGlycol Line Flowing 6 125 Infield Flowline Rigid steel 6/1/2006 Acergy Acergy FalconBRITPIPE GAS EXPORT Flowing 42 230 Export Pipeline Gas Rigid steel 8/2/2006 ALLSEAS SOLITAIREFLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016GAS INJECTION LINE FEED 8 3 Infield Flowline Flexible 9/1/2016
Excel Tables Do Not Contain All Available Data Fields
Quest Marine Construction Vessels (QMCV/QCVS)
STRATEGIC VALUE
• Provides global insight into supply and demand dynamics of major marine construction assets
• Illustrates vessel-by-vessel schedule for over 125 assets of booked and bidding construction work
• Details strategic installation and construction capabilities of a wide range of marine assets
QMCV / QCVS Deliverables
u Quest Construction Vessel Schedule in MS Project and PDF (QCVS)
u Quest Construction Vessel Schedule PLUS (MS Excel)
u Quarterly Market Overview of key trends and forecasts (MS PowerPoint)
u Quarterly deliverable of the Quest Vessel Function Database (MS Excel)
QMCV / QCVS Outline
Construction Vessel Schedule (MS-Project or PDF format)
• Details over 125 vessels’ current commitments and schedule and includes detailed information on project, timing and scope of work
• Shows potential installation opportunities Construction Vessel Schedule PLUS (MS Excel)
• Combines data from Quest Construction Vessel Schedule with high level fields from the Quest Enhanced Deepwater Database
• Allows analysis to be performed around installation trends at the vessel, owner, and capability level due to the user friendliness of MS Excel
Market Report Overviews• Global Marine Construction Supply and
Demand Balance• Marine Contractor Market Share• Global Marine Construction Booked Demand –
Installation Days• Historical Utilization by vessel category
Quest Vessel Function Database (QVFDB)• Includes high level vessel specifications for each
vessel tracked in the Quest Construction Vessel Schedule and more (details over 200 vessels)
Global Marine Construc1on Total Demand Worldwide Pipeline (Days)
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Days
Installation Year
Africa/Medit. Asia Pacific -‐ Other Australaisia Middle East and India N. America N. Sea S. America
Global Marine Construc1on Supply Demand Balance Worldwide 0-‐14 Inch OD Rigid, Flexible and SPU (Days)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Days
Installation Year
Booked Demand Forecast Demand Supply DaysRegional Marine Construc1on Booked Demand Africa Medit. (Days)
0
200
400
600
800
1000
1200
Days
Installation Year
0-‐14/Flex/SPU 15-‐24 25+ Total Demand
Booked Days by Contractor – Deepwater Pipelay Worldwide 2010-‐2013
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2010 2011 2012 2013
% M
arke
t Sh
are
(Day
s)
Installation Year
Allseas Grup Servicii Petroliere SA (GSP) Helix Saipem Subsea 7 Technip
ID Task Name Duration Start Finish
1 DEEPWATER PIPELAY 1 day? Tue 1/1/02 Wed 1/2/02
2 Grup Servicii Petroliere SA (GSP) 285 days? Fri 6/1/12 Wed 3/13/13
3 GSP FALCON 285 days? Fri 6/1/12 Wed 3/13/13
4 Mobilize to North Sea 20 days Fri 6/1/12 Thu 6/21/12
5 NSEA - Wintershall - Q4-C Platform 40.5 days Sat 9/1/12 Thu 10/11/12
6 Perenco - Leman Southwest 20 days Mon 10/15/12 Sun 11/4/12
7 IDLE/Standby - Great Yarmouth, UK 1 day? Tue 12/18/12 Wed 12/19/12
8 E.ON E&P - Hunter 12 days Fri 3/1/13 Wed 3/13/13
9 Subsea 7 1385 days? Sun 7/22/12 Sat 5/7/16
10 SEVEN POLARIS 1385 days? Sun 7/22/12 Sat 5/7/16
11 Petrobras - SAPINHOA (FRMLY GUARA) 170.5 days Sun 7/22/12 Tue 1/8/13
12 Dry Dock for Maintence 60 days Sat 9/1/12 Wed 10/31/12
13 Petrobras - Papa-Terra 90 days Mon 10/1/12 Sun 12/30/12
14 IDLE/Stanby - Cape Town, South Africa 1 day? Tue 12/18/12 Wed 12/19/12
15 SAME - Petrobras - Unit Oil Transfer and Export (UOTE) 23 days Tue 1/15/13 Thu 2/7/13
16 Bidding - Total - Dalia Phs. 3 25 days Mon 4/1/13 Fri 4/26/13
17 AFM - Total - Ofon 2 - 1st Campaign (Pipelay) 90 days Mon 7/1/13 Sun 9/29/13
18 AFM - Total - Ofon 2 - 2nd Campaign (Pipelay) 90 days Tue 10/1/13 Mon 12/30/13
19 Bidding - BP - Shah Deniz Phs. 2 85 days Tue 4/1/14 Wed 6/25/14
20 Bidding - Addax - Ofrima 50 days Sun 6/1/14 Mon 7/21/14
21 Bidding - ExxonMobil - Erha North Phase 2 35 days Mon 9/1/14 Mon 10/6/14
22 Bidding - BP - Block 31 SE Phase 2 95 days Sat 11/1/14 Wed 2/4/15
23 Bidding - Tullow Oil Ghana Tweneboa 90 days Sat 11/1/14 Fri 1/30/15
24 Targeted - Chevron - Nsiko 55 days Fri 1/1/16 Thu 2/25/16
25 Targeted - Chevron - Lucapa 65 days Thu 3/3/16 Sat 5/7/16
Mobilize to North Sea
NSEA - Wintershall - Q4-C Platform - Reroute the production from ex
NSEA - Perenco - Leman Southwest - EPI & pre-commissioning - of
IDLE/Standby - Great Yarmouth, UK Destination: Leman Field...
NSEA - E.ON E&P - Hunter - install of 8" 8km FL between Hunte
SAME - Petrobras - $1 BN SURF SAPINHOA (FRMLY GUARA) ; EP
Dry Dock for Maintence
SAME - Petrobras - Papa-Terra - Install of 10km 28" export + 50km
IDLE/Stanby - Cape Town, South Africa - Destination: Cape Town
SAME - Petrobras - Unit Oil Transfer and Export (UOTE) - SURF
AFM - Bidding - Total - Dalia Phs. 3; install of 15Km of 6"AFM - Bidding - Total - Dalia Phs. 3; install of 15Km of 6"
AFM - Total - Ofon 2 - 1st Campaign - $500 EPCI: 12" 70
AFM - Total - Ofon 2 - 2nd Campaign - $500 EPCI: 12
AFM - Bidding - BP - Shah Deniz Phs. 2; instaAFM - Bidding - BP - Shah Deniz Phs. 2; insta
AFM - Bidding - Addax - Ofrima; install of 40KAFM - Bidding - Addax - Ofrima; install of 40K
AFM - Bidding - ExxonMobil - Erha North PAFM - Bidding - ExxonMobil - Erha North P
AFM - Bidding - BP - Block 31 SE PhaAFM - Bidding - BP - Block 31 SE Pha
AFM - Bidding - Tullow Oil Ghana TweAFM - Bidding - Tullow Oil Ghana Twe
AFM - Targeted - Chevro
AFM - Targeted - Che
H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H22012 2013 2014 2015 2016 2017 2Quest ConstruCtion Vessel sChedule exCerpt
Excel Tables Do Not Contain All Available Data Fields
QUEST VESSEL FUNCTION DATABASE EXCERPT
Contractor Vessel Name Vessel Category Length (m)Min Pipe Dia (in)
Mx Pipe Dia (in)
Tension Capacity (tonnes)
CRANE CAP (tonnes)
No Cranes
AHCA&R
(tonnes)No
ROVsBuild Year
Allseas Solitaire DW PL 300.0 2 60 1050 850 3 1 1997Helix Caesar DW PL 146.5 2 42 405 300 5 450 2007Saipem Castorone DW PL 330.0 60 750 600 5 Yes 900 2 2012Technip Deep Blue DW PL 206.5 4 28 770 400 3 Yes 150 2 2001Technip Global 1200 DW PL 162.3 4 60 640 1200 2 400 2011Heerema DCV Thialf Heavy-Lift DCV 165.3 0 14200 1985Subsea 7 Sapura 3000 Heavy-Lift DCV 151.2 4 60 400 3000 3 360 2 2007
Helix Q4000 Intervention 95.2725.74 (Riser
Tension)360 2 1 2002
Saipem Castoro 7 Pipelay Trunkline 179.5 8 60 340 64.8 4 340 1975CEONA Giant 3 Reel Lay 184.0 550 400 Yes 2012McDermott North Ocean 108 Reel Lay 130.2 4 16 362.8 362.8 Yes 2012Subsea 7 Acergy Condor Reel Lay 145.0 230 70 2 250 2 1982Subsea 7 Kommandor 3000 Reel Lay 118.4 150 200 2 200 2 1984Aker Solutions Aker Wayfarer SS Const 1 156.9 400 2 Yes 2 2009Subsea 7 Skandi Neptune SS Const 2 104.2 16 100 250 3 Yes 2 2001
QUEST CVS PLUS EXCERPT
Vessel CategoryVessel
ContractorVessel Name Task Name Duration Start Finish Province Operator Status
Deepwater Pipelay Allseas SOLITAIRE Chevron - Gorgon/Janz - 1st Campaign 55 days 1/1/2012 2/25/2012 Australia Chevron BookedDeepwater Pipelay Allseas SOLITAIRE NSEA - Total - Laggan-Tormore 53 days 4/15/2012 6/7/2012 West of Shetlands Total BookedDeepwater Pipelay Allseas SOLITAIRE South Africa Campaign - Shallow water 30 days 10/1/2012 10/31/2012 South Africa BookedDeepwater Pipelay Allseas SOLITAIRE Chevron - Gorgon/Janz - 2nd Campaign 64 days 4/1/2013 6/4/2013 Australia Chevron BookedDeepwater Pipelay Allseas SOLITAIRE Bidding - NAME Williams - Tubular Bells Hub - Transmission Exports oil & gas gathering "Gulf Star Regional FPS Hub"100 days 4/15/2013 7/24/2013 GOM-US Hess BiddingDeepwater Pipelay Allseas SOLITAIRE Bidding - Chevron - Rosebank / Lochnagar 75 days 7/24/2013 10/7/2013 West of Shetlands Chevron BiddingDeepwater Pipelay Allseas SOLITAIRE NSEA - Total - Laggan-Tormore 53 days 9/1/2013 10/24/2013 West of Shetlands Total BookedDeepwater Pipelay Allseas SOLITAIRE Shell - MARS South Mini-Hub Olympia Option 29 days 10/1/2013 10/30/2013 GOM-US Royal Dutch/Shell BookedDeepwater Pipelay Allseas SOLITAIRE Bidding - NAME Williams - Tubular Bells Hub - Transmission Exports oil & gas gathering "Gulf Star Regional FPS Hub"100 days 10/8/2013 1/15/2014 GOM-US Hess BiddingDeepwater Pipelay Allseas SOLITAIRE Enterprise - Anadarko/ExxonMobil - GoM Lucius Hub82 days 11/1/2013 1/22/2014 GOM-US Anadarko Petroleum BookedREEL LAY Subsea 7 SEVEN SEAS Chevron - Gorgon/Janz 161 days 12/15/2012 5/25/2013 Australia Chevron BookedREEL LAY Subsea 7 SEVEN SEAS Statoil - Svalin C Field 30 days 5/1/2013 5/31/2013 N Sea, Norway Statoil BookedREEL LAY Subsea 7 SEVEN SEAS NSEA - Total - Laggan Tormore - Phase 2 48 days 8/1/2013 9/18/2013 West of Shetlands Total BookedREEL LAY Subsea 7 SEVEN SEAS Bidding - ENI WAFM Angola Western Hub (SBM FPSO Xikomba)58 days 12/16/2013 2/12/2014 Angola Eni BiddingREEL LAY Subsea 7 SEVEN SEAS Bidding - Husky - Liuhua 29-1 100 days 10/1/2014 1/9/2015 China Husky Oil Bidding
Quest Floating Production Database (QFPD)
STRATEGIC VALUE
• Leading indicator of significant global deepwater development activity and investment
• Analyzes the global market for floating production demand in terms of volume and value (US$MM)
• Breaks demand into specific FPS type (FPSO, SPARS, TLP, FLNG, Semi-Submersibles)
• Breaks demand into region• Provides key historic market share
analysis by shipyards and FPS owner
QFPD Deliverables
u Market Overview in MS PowerPoint of key trends and forecasts
u Full working files in MS Excel supporting Market Overview
u Full downloads of historic and forecast floating production database
QFPD Outline
Executive Overview • Changes from Previous Forecast• Award vs. Startup Trends by Hemisphere
Floating Production System Forecast • Base, Mean and High Case Forecasts by
Award and Startup Year• By Hemisphere• By Type• In Volume of Units and Value (US$)• Top Operators
Floating Production System Historical Review• Market Share Analysis• By Type• Hull Fabrication• Topside Fabrication• In Volume of Units and Metric Tons
Floating Production System Analysis• Availability of Leased FPSO’s and FSO’s• FPSO Leasing Market Share• FPSO Newbuild vs. Conversion Analysis
Worldwide Forecast FPS Spending by Year (Mean Case) Regional Contribu/on Thousands of US Dollars by FPS Award Year
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Thou
sand
s of
US
Dol
lars
Hull Award Year
Africa/Medit. Asia Pacific/Middle East North America North Sea/Arctic South America
Worldwide FPS Awards 2004 (A) – 2016 (e) Mean Case By FPS Type
0
5
10
15
20
25
30
35
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Num
ber o
f FPS
Uni
ts
Hull Award Year
TLP FLNG Spar FPS-Semi FPSO
Worldwide Forecast FPS ConstrucCon by Startup Year 2012-‐2016e
0
20
40
60
80
100
120
2012e 2013e 2014e 2015e 2016e 2007-2011 Total 12-16e
Nu
mb
er o
f U
nit
s
Startup Year
Units Under Construction Forecast Demand FPS Units Flowing
Forecasted Off Contract FPS Leased Fleet Availability by Type and Year Current-‐2020 (Likely to be re/red and EWT excluded)
0
1
2
3
4
5
6
7
8
9
10
Available 2013 2014 2015 2016 2017 2018 2019 2020
Num
ber o
f Units
Year
PROJECT-LEVEL DATA
Operator Hemisphere Province Project NameWater Depth
MtrStartup
YearINPEX Asia Pacific/Middle East Indonesia ABADI GAS FIELD FLNG PHASE 1 (MASELA BLOCK) 500 2017Ithaca Energy North Sea/Arctic N Sea, UK ATHENA/ATHENA EAST 14/18b (BW ATHENA FPSO) 136 2012bp North America GOM-US ATLANTIS/ATLANTIS SOUTH 2156 2007Woodside Petroleum Asia Pacific/Middle East Australia BROWSE PROJECT PHASE 1 LNG 400 2017Woodside Petroleum Asia Pacific/Middle East Australia BROWSE PROJECT PHASE 1 LNG 400 2017Cobalt International Energy Africa/Medit. Angola CAMEIA BLOCK 21 PRE-SALT 1525 2016Eni North Sea/Arctic Barents Sea GOLIAT 7122/7 341 2014bp North America GOM-US Kaskida KC292 1786 2018Eni Africa/Medit. Angola Western Hub (Sangos, Ngoma,Nzanza,Cinguvu) 600 2014
FPS-LEVEL DATA
FPS Type Hull Status FPS OwnerProd Cap Oil
(BOPD)Prod Cap Gas
(MMCPFD)Prod Cap Water
(BWPD)Storage Capacity
(Bbls)Surface Well
CountMooring Type
FLNG FEED TurretFPSO Flowing BW Offshore 40000 50000 Turret-SubmergedFPS-Semi Flowing 200000 180 Spread/Wire ChainwTLP Bidding 10 Spread/Wire ChainwTLP Bidding 10 Spread/Wire ChainFPSO FEEDFPSO ROUNDSHIP Pending/Construction 100000 950000 Spread/Wire ChainSpar Conceptual 6 Spread/Poly ChainFPSO Re-Deployed SBM 90000 95 150000 1700000 Turret-ExternalCONSTRUCTION-LEVEL DATA
EPC ContractorHull Award
DateHull Designer Hull Fabricator
Hull Fabricator Shipyard
Topsides Designer Topsides FabricatorTopsides Fabricator
Shipyard1/1/2014
BW Offshore 11/18/2005 Langstein Shipyard Langstein ShipyardDaewoo Shipbuilding 6/15/2002 HALIBURTON GVA Daewoo Shipbuilding J Ray McDermott J Ray McDermott Morgan City, LA
3/1/20133/1/20139/1/20133/1/2010 Sevan Marine Hyundai(HHI) Sevan Marine Hyundai(HHI)1/1/20156/1/2011 SBM Drydock World Dubai Dubai, UAE Drydock World Dubai
Excel Tables Do Not Contain All Available Data Fields
Quest Deepwater Shipyard Outlook (QDSO)
STRATEGIC VALUE
• Illustrates supply and demand profiles of major shipyards serving the offshore oil & gas market
• Analyzes historic and forecast construction of FPS systems, drilling rigs, fixed platforms, marine construction assets and onshore modules
• Identifies potential future capacity constraints within major shipyards and sectors
• Outlines construction schedule within each major shipyard
QDSO Deliverables
u Quarterly delivery of Master Shipyard Backlog file (MS Excel)
u Semi-annual delivery of Market Overview of key trends and forecasts (MS PowerPoint)
QDSO Outline
Companies Included:• Samsung Heavy Industries (SHI),
Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), Sembcorp, Keppel Offshore & Marine, Kiewit, Gulf Island Fabrication, McDermott, Lamprell, MMHE/MHB, Aker, Technip, as well as Chinese and Brasilian yards
Shipyard Tonnage by Awarded Projects• Project by project timing and build
analysis broken up by individual shipyards and combined into a forecast of tonnage throughput and capacity utilization
Shipyard Tonnage Forecast • Quest forecasts future demand outside of
awarded projects by taking into account shipyard histories, known projects, location, timing, and other market driving factors
Shipyard Financial & Macro Overview• Analysis focused on changing margins,
backlogs, and new orders• Illustrations of macro shipyard drivers
such as; container ship indexes, steel price indexes, and oil prices
Market Share Analysis by Shipyard• Total tonnage analysis• Project scope and type analysis
Awarded Global Tonnage by Type 2001 -‐ 2017
Awarded Projects by Construc8on Start Year for Tier 1 Yards 2000 -‐ 2015
Awarded Global Tonnage by Shipyard 2001 -‐ 2017
Awarded Projects by Construc8on Start Year and Yard 2000 -‐ 2017
CONSTRUCTION-LEVEL DETAILSStart
QuarterStart Year
Delivery Quarter
Delivery Year
Yard QTRs
Book Quarter
Book Year
Total QTRs Design Notes
1 2007 4 2009 12 Aker Integration at Aker Stord1 2007 1 2009 9 Modec Owned 1.6M Storage3 2007 1 2009 7 Modec Owned 100kboe/d 124mmsc/d Capacity - 21 Modules3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery4 2005 4 2007 9 2 2005 11 10/9/05 Steel Cut- 10/2/07 Delivery.2.15M Storage4 2005 4 2007 9 2 2005 11 Alliance Engineering 10/9/05 Steel Cut- 10/2/07 Delivery. 250mboe/d & 450mmscf/d Capacity3 2011 4 2012 6 4 2010 9 Floatec ABB Lummus eTLP - Steel cut 7/25/2011. Keel Laying 3/21/2012. Hull Cost only. 2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF4 2006 1 2009 10 SBM Owned - 1.5M Storage
CONSTRUCTION-LEVEL DETAILSStart
QuarterStart Year
Delivery Quarter
Delivery Year
Yard QTRs
Book Quarter
Book Year
Total QTRs Design Notes
1 2007 4 2009 12 Aker Integration at Aker Stord1 2007 1 2009 9 Modec Owned 1.6M Storage3 2007 1 2009 7 Modec Owned 100kboe/d 124mmsc/d Capacity - 21 Modules3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery4 2005 4 2007 9 2 2005 11 10/9/05 Steel Cut- 10/2/07 Delivery.2.15M Storage4 2005 4 2007 9 2 2005 11 Alliance Engineering 10/9/05 Steel Cut- 10/2/07 Delivery. 250mboe/d & 450mmscf/d Capacity3 2011 4 2012 6 4 2010 9 Floatec ABB Lummus eTLP - Steel cut 7/25/2011. Keel Laying 3/21/2012. Hull Cost only. 2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF4 2006 1 2009 10 SBM Owned - 1.5M Storage
Excel Tables Do Not Contain All Available Data Fields
strategic insight
Quest Offshore is a leading provider of industry analysis, tactical data, news, influential market intelligence reports, consulting and technical conferences to the offshore oil and gas industry. Our niche canvasses subsea technology, FPS
fabrication, umbilicals, riser & flowlines, and marine construction segments globally.
Quest OffshOre resOurces is yOur sOurce fOr strategic insight On the glObal deepwater Oil and gas industry.
www.QuestDF.com
North America InquiriesJosh DouglasQuest Offshore Resources Inc.1600 Hwy 6, Suite 300Sugar Land, TX 77478Main: (281) 491-5900Fax: (281) [email protected]
All Other InquiriesNick Search
Quest Offshore Resources Inc.57 Rose Bushes
Epsom Downs, SurreyKT17 3NT, United KingdomMain: +44 (0) 1737 371704
Fax: (281) [email protected]
Brazil InquiriesRomero Brito
QBr EmpreendimentosCaixa Postal 105004
CEP: 24.230-970 Niteroi RJBrazil
Main: +55 21 3619 [email protected]