Getting Ready for First Oil Francisco Costa Joint Venture Operator - PowerPoint PPT Presentation

LIBRA Extended Well Test: Getting Ready for First Oil Francisco Costa Joint Venture Operator

Slide 2 EXTENDED WELL TEST IN LIBRA Several Industry Firsts: � First FPSO dedicated for EWT with gas injection � First use of 8” production flexible line � First Production line pre-laying with buoys � Largest External Turret in Ultra Deep Waters � Swivel operation with the highest gas injection pressure

EXTENDED WELL TEST IN LIBRA EWTs: Reduction of uncertainty by understanding dynamic behavior is crucial to optimize final production systems. Production Unit Oil Capacity: 50 mil bbl/d Gas Compression: 4.0 MM m 3 /d Wells Production Well NW-3 Wells Gas Injection Well NW-2

NW REGION DEVELOPMENT PLAN CONSIDERS FOUR PRODUCTION UNITS (PILOT + 3 MODULES) 2017 2018 2019 2020 2021 2022 2023 PROGRAM EWT / EPS OPERATION OPERATION OPERATION 1 ST OIL JUL/17 LIBRA 1 DP WELLS CAMPAIGN 1 ST OIL FPSO LOI Libra 4 LIBRA 2 Libra 1 DP WELLS CAMPAIGN NW5 FPSO FPSO 1 ST OIL SPA 2 NW4 GTD LOI NW1 SPA 1 LIBRA 3 NW3 DP WELLS CAMPAIGN Libra 2 FPSO FPSO 1 ST OIL EWT GTD LOI NW2 Production Line LIBRA 4 DP WELLS Injection Line CAMPAIGN Libra 3 FPSO Drilled Wells FPSO 1 ST OIL GTD LOI Completed Wells Ref: Forecast Apr/17, Petrobras Business Plan 17-21 and Libra Business Plan 2017

MAIN UNCERTAINTIES X INFORMATION ACQUIRED � Long term dynamic performance of wells and reservoir. � Minimum “connected” oil in place, reservoir boundaries and detection of sealing faults � Detection of conductive fractures and/or super-K layers. � Flow assurance issues and efficiency of mitigating actions EWT MAIN IMPACTS � Drainage plan - optimal number and location of wells & subsea design. � Production and injection strategy. � More reliability in the production forecasts. .

WELLS Duration (days) Slide 6

INTELLIGENT COMPLETION Pressure & Temperature for each interval Flexibility for different tests during EWT Source: Halliburton Remote control from FPU Flow / Static control Intervals can be closed and monitored downhole Source: Petrobras source: Halliburton

Slide 8 3-RJS-742A COMPLETION WITH WEST CARINA .................................. Opened ICV Packer Feed Through

Slide 9 SUBSEA

Slide 10 Acquisition of Key Components .................................. .................................. Torpedo Triplate Mooring Chains Flexible Lines Xmas Tree

EWT Mooring Instalation

Torpedo #3 installed

Slide 13 .................................. Libras ´ ´ ´ ´ s First ANM stackup installed

EWT: 8” PRODUCTION FLEXIBLE LINES

Slide 15 EWT: 8” PRODUCTION FLEXIBLE LINES ..................................

Slide 16 TYPICAL RISER INTERMEDIATE BUOYS INSTALLATION ..................................

FIRST PRODUCTION LINE PRE-LAYING & ABANDONMENT WITH BUOYS 17 12 UEH Scenario 1 51 without PO pre-laying 17 days in advance SV .............................. UEH Scenario 2 Pre-laying Base Case 39 PO without 675 M buoyancy SV modules UEH Scenario 3 Pre-laying Optimization PO 22 with buoyancy modules SV

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Subsea Activities CONFIDENTIAL LIBRA | Comitê de Gestão | EWT Update| April 27 th 2017

Slide 36 FPSO PIONEIRO DE LIBRA Production slot 1 ....................................................... TURRET Production slot (spare) 1 Gas injection slot 1 Oil 50 kbpd Liquid 50 kbpd PROCESSING Produced water 25 kbpd CAPACITY (up to 50% BSW) 4 MMsm 3 /d Gas Storage 756.000 bbl H 2 S – gas phase 170 ppmv CONTAMINANTS ≤ 60 % ....................................................... CO 2 – gas phase

Slide 37 TURRET .................................. � One of the heaviest external cantilever Turret � The largest (approximately 47m x 16m) external cantilever Turret in ultra deepwater (up to 2.400m) � Pull in capacity: 700 ton ........................................

Slide 38 SWIVEL .................................. .................................. Swivel Test: Operating pressure= 550 barg; Design pressure = 605 barg. Swivel Stack-Terminated Cables Swivel Integration Spool (Feb 2017)

FPSO PIONEIRO DE LIBRA

FPSO PIONEIRO DE LIBRA

Slide 41 Thank You FPSO Sail Away (03.28.2017)