DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA

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DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
DOF GROUP IN BRAZIL

     CAPITAL MARKET DAY
               .
       NORWAY - JUNE 2008
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
BRAZILIAN MARKET

 NORSKAN OFFSHORE
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
PETROBRAS   Domestic E&P Profile
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
Oil Production
PETROBRAS   Development and Target
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
PETROBRAS                     E & P Investment Plan

   Total Exploration & Production Capex (2008 – 2012)
   IN BRAZIL                           54.6 billion
     Exploration                        9.3 billion
     Production Development            45.3 billion

   INTERNATIONAL                       10.5 billion
     Exploration                        4.5 billion
     Production Development             6.0 billion

 TOTAL BRAZIL + INTERNATIONAL        65.1 billion

2008 R&D Investment in E&P: approx. US$ 400 MM
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
Main Domestic
PETROBRAS   Oil Production Projects
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
Main Production Projects
PETROBRAS                      PETROBRAS 2008-2015

Production Development in Campos Basin:

9 Roncador (P-55), Marlim Sul (P-51, P-56),
  Papa Terra, Maromba, Jubarte Phase II (P-57),
  Cachalote, Baleia Franca and Baleia Anã

Production Development in Santos Basin:

9 Mexilhão, Uruguá-Tambaú, Pirapitanga, Tupi

Production Development in Espírito Santo Basin:

9 Golfinho and Peroá-Cangoá
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
Main Production Projects
PETROBRAS                        IOC non Petrobras 2008-2012

IOC’s are developing eleven huge projects
in three different basins: Campos, Santos and Camamú

The foreign companies operating are:

9 Shell with: Ostra, Abalona, Nautilus, Atlantis, Argonauta and Oliva fields ;

9 Hydro-Anadarko with Peregrino field ;

9 Chevron with Frade field ;

9 Devon with Polvo field ;

9 El Paso with: Lagosta and Piraú fields for gas production.
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
General Data BM – S – 11
PETROBRAS
                                                       TUPI AREA

 9   Petrobras (65%), BG (25%), Petrogal – GALP (10%)
 9   Heterogeneous layered carbonates – variable reservoir quality
 9   Water Depth about 2,200m
 9   Salt layers with thickness till 2,000m
 9   Reservoir depths between 5,000 and 6,000m
 9   Reservoir thickness above 80m
 9   Well tests indicate potential flow rates of 15-20,000 bopd per well
 9   Oil API: 28 – 30o
 9   Oil viscosity around 1cP
 9   GOR between 140 and 220 m3 / m3
 9   Initial pressure 580 kgf / cm2
 9   Low TAN (Total Acid Number)
 9   CO2 in the associated gas (8 – 18%)
 9   Concern with flow assurance due to parafinn deposition in pipes
DOF GROUP IN BRAZIL - CAPITAL MARKET DAY NORWAY - JUNE 2008 - DOF ASA
OFFSHORE RIGS - PETROBRAS
 TOTAL FLEET: 74 UNITS

          JACK-UPS:                               06

          MOORED SEMISUBMERSIBLES:                18

          DP SEMISUBMERSIBLES:                    31

          DP DRILLSHIPS:                          19

          IN THIS TOTALS WE HAVE UNDER CONSTRUCTION
                    TO BE DELIVERED UP TO 2012:

          MOORED SEMISUBMERSIBLES:                01

          DP SUBMERSIBLES:                        16

          DP DRILLSHIPS:                          12
OFFSHORE RIGS - IOCs
  TOTAL FLEET: 8 UNITS                                       PERIOD UP TO 2011

  SHELL:             01             MOORED SEMISUBMERSIBLE - GSF ARTIC I

  DEVON:             01               DP DRILLSHIP - DEEPWATER DISCOVERY

  ANADARCO:          01                DP DRILLSHIP - DEEPWATER MILLENIUM

                     01                   MOORED SEMISUBMERSIBLE - SOVEX
  REPSOL:
                     01                     DP DRILLSHIP – STENA DRILLMAX

  EXXON:             01                             DRILLSHIP – WEST POLARIS

  BG:                01             MOORED SEMISUBMERSIBLE – CELTIC SEA

  CHEVRON:           01                     DP SEMISUBMERSIBLE – SEDCO 706

* FOR THE IOCS – THE OFFSHORE SUPPORT VESSELS COME WITH THE SPREAD OF THE DRILLING RIG.
OFFSHORE VESSELS - PETROBRAS
                             100 Foreigner Flag Vessels
        TOTAL FLEET:   182    82 Brazilian Flag Vessels

 PSV 3.000 & 4.500      34     PSV 1.500 & 1.000 41
 PSV BK                  1     TS                 4
 AHTS 18.000            10     AHTS 15.000        9
 AHTS 12.000            15     AHTS 10.000        5
 AHTS 7.000              9     OSRV               5
 LH + UT                30     CREW BOAT                    9
 PLSV                    4     RSV                          4
 DSV                     2                                182
OFFSHORE VESSELS UNDER CONSTRUCTION

 28 VESSELS UNDER CONSTRUCTION

             PSV                 16
             UT 40.000            2

                                      VESSELS
             AHTS                 5
             MPSV                 2
             LARGE MPSV           1
             OSCV                 1
             PLSV                 1
Opportunities
PETROBRAS
                             Including Santos Basin Pre-Salt
PROJECTS ALREADY ANNOUNCED ON AN 8 + 8 YEAR CONTRACT

9 146 ships to be built in brazil for production & drilling suport
  at an estimated cost of us$ 5 billion by 2014.
9 An initial bid is already underway and calls for contracting 24 offshore
  vessels.
9 Seven bids will be held in six years.
9 Types & quantities of vessels:
      PSV 3.000      49      AHTS 15.000    10
      PSV 4.500      15      AHTS 18.000    46
      OSRV 1.000     18      AHTS 21.000     8
9 28 DP Deepwater semisubmersibles or drilling ships to be built in Brazil.
9 The bids will go out in the second semester.
9 Estimated cost of US$ 28 Billion.
DOF GROUP IN BRAZIL

      STATUS
ACTUAL CONTRACTS
                                                                  2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
VESSEL                      BUILT    TYPE              CLIENT
                BRAZILIAN
SKANDI YARE     FLAG        2001 PSV OIL REC - FIFI   PETROBRAS

NORSKAN COPACABANA          2005 AHTS 18000           PETROBRAS

NORSKAN BOTAFOGO            2006 AHTS 18000           PETROBRAS

SKANDI FLUMINENSE           2007 AHTS 18000           PETROBRAS

SKANDI RIO                  2007 AHTS 18000           PETROBRAS

NORSKAN FLAMENGO            2003 PSV                  PETROBRAS

SKANDI LEBLON               2005 PSV OIL REC - FIFI     SHELL

SKANDI SALVADOR             2008 RSV                  CHEVRON

                BRAZILIAN
SKANDI HAV      FLAG        1983 OSRV                 PETROBRAS

PRO-23                      2009 PLSV                 PETROBRAS

SKANDI SUBSEA SUPORTER      2010 PLSV                 PETROBRAS
EMPLOYEES

 Office - Rio            17
 Base - Macaé            22

 Vessels                309

 Building Team            6

 DOF Subsea do Brasil    60

 TOTAL                  414
GROUP´S STRUCTURE

                                                DOF ASA

                DOF SUBSEA
                                                                               NORSKAN AS
                   ASA

                                                                  DOF
DOF SUBSEA                        DOFCON                    DOF NAVEGAÇÃO
  BRASIL                         NAVEGAÇÃO
                                                              NAVEGAÇÃO

  RESEARCH
                                   SPECIAL                    CONVENTIONAL                   VESSEL´s
      &
                                  VESSELS´                      VESSELS´                    MANAGEMENT
ENGINEERING´s
                                  COMPANY                       COMPANY                      COMPANY
  COMPANY

                                                          NorSkan Copacabana            NorSkan Flamengo
                     DOFTECH                 HULL 22
                                                          Skandi Rio                    Skandi Leblon
                          .
                                             HULL 24
                       HULL 23                            Skandi Fluminense             NorSkan Botafogo

                        50%

                      TECHNIP
VIII SMS PETROBRAS REWARD
        2007´s FIRST PLACE

  on   BEST SUPPLY OF 53 COMPANIES.
                BACIA DE CAMPOS
INSTITUTO
BOLA PRA FRENTE

REALIZED IN 2007

1.   EMPLOYMENT OF AN ENGLISH TEACHER / COORDINATOR IN AUGUST.

2.   EIGHTY STUDENTS ATTENDING ENGLISH CLASSES.

3.   INAUGURATION OF A BUILDING WITH 7 CLASSROOMS & 2 BATHROOMS IN NOVEMBER.

FUTURE ACTIONS
1.   INCREASE OF ENGLISH STUDENTS (160).

2.   PURCHASE OF NEW EQUIPMENTS FOR THE BUILDING.

3.   IMPROVEMENT OF THE EXISTENT IT´s STRUCTURE.

4.   SEPT 2008 – BEGIN OF PROFESSIONAL RATING COURSES FOR MERCHANT MARINE.
CIAGA                                              REALIZED 2007
1.    CREATION OF AN OFFSHORE ASSOCIATION (AEPM) ON NOVEMBER, WHICH MEMBERS ARE:
2.    NORSKAN / DOF, BOS, NORGES REDERIFORBUND, TEEKAY, BW, BARBER, OSM.
3.    EMPLOYMENT OF A COORDINATOR.
4.    SELECTION OF 44 CADETS, OF WHICH 6 WILL BE EMPLOYED BY NORSKAN.
5.    FOUR TEACHER REPRESENTATIVES OF CIAGA IN ALESUND ON DECEMBER
      VISITING THE SIMULATOR CENTER.

     FUTURE ACTIONS 2008

 1.    LOBBY WITH POLITICIANS TO INCREASE THE NUMBER OF STUDENTS.

 2.    COMPLEMENTARY ENGLISH COURSE BEGINNING JAN 08.

 3.    SIX SPECIALIZED COURSES FOR OFFSHORE VESSELS BEGINNING JULY 08.

 4.    SELECTION OF 120 STUDENTS TO BE CADETS, OF WHICH 12 WILL BE EMPLOYED BY NORSKAN.

 5.    STUDY THE POSSIBILITY OF HAVING 50 BRAZILIAN STUDENTS FORMED IN ALESUND.

 6.    ANALYZE THE FEASIBILITY OF BRINGING AN OFFSHORE SIMULATOR TO CIAGA´S FACILITIES .
OUR FLEET
             BOOK X MARKET VALUE
   (USD 1,000)       Purchase      Booked         Market
                      Value         Value         Value

AHTS
NorSkan Copacabana        46,500         41,000         80,000
NorSkan Botafogo          49,000         46,000         95,000
Skandi Rio                50,000         48,000         91,000
Skandi Fluminense         54,500         53,000        100,000

PSV
NorSkan Flamengo          17,000         13,500         37,000
NorSkan Leblon            18,000         15,000         37,000

TOTAL                    235,000        216,500        440,000
INSTITUCIONAL VIDEO

  NORSKAN OFFSHORE
Thank You!
DOF GROUP IN BRAZIL
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