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www.polarcus.com 1 Arctic Update September 2013
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Arctic Update September 2013
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Agenda
Arctic Highlights
The Arctic Opportunity
Under-ice Technology Development
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3
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Polarcus Alima: Northern Sea Route 2011
NSR Panama Canal Saving
Distance 9555Nm 11745Nm 2190Nm
Duration 32 Days 40 Days 8 Days
Fuel 1274 m³ 1566 m³ 292 m³
CO2 Emitted 3660 T 4500 T 840 T
• Ice Class 1A – minimum requirement • Accompanied by Nuclear Ice-Breaker • Alima maintained speed of 14 kts through NSR
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2012 Arctic program: 3 vessels in Greenland
Polarcus Asima • 10 x 6km @100m • Maersk Oil • 2100 sq.km
Polarcus Amani • 6 x 7km @ 200m • Shell • 3900 sq.km
Polarcus Samur • 6 x 7km @ 200m • Shell • 3900 sq.km
Arctic Circle.
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• 10,000 km² of high-end 3D data acquired in Arctic ice-infested waters
• Ice Management executed to plan (zero ice-related incidents)
• No significant EHSQ Incidents in >800,000 exposure hours
• Safe and efficient logistics for 300 personnel and fleet of 12 vessels
• Industry leading technical downtime (2% downtime for 3 x vessel operations)
Polarcus Arctic Fleet Performance: Greenland [3 vessels: August to October 2012]
Polarcus Greenland 2012 Operations
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Dynamic ice management critical due to high concentration of icebergs
Support vessel fleet to implement logistics & ice management Ice-1A Support Fleet
Ice management is critical to success
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Realising our Environmental vision …
• Ice Class 1A vessels: 8 vessel months in Baffin Bay
• Optimum 3D spreads providing top tier performance
• Importance of Arctic vessel technology acknowledged
• Emissions reduction being focused on more by Clients
• Triple E energy efficiency initiative across fleet
• Marine mammal mitigations in place across fleet
• Flexible geophysical solution to geological challenges
• Ice management capabilities demonstrated
• Arctic / remote logistics executed safely & efficiently
RIGHTSIZE
RIGHTDESIGN
RIGHTPLAN
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Geophysical Flexibility & Operational Excellence
Minimising environmental impact
Ice Management planning
Support vessels and logistical preparations
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Arctic lessons learned
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Geophysical flexibility
• Baffin Bay example: • Short acquisition window (90 days) • Desire to maximise acquisition within single season • Objective to minimise environmental impact
• Polarcus solution: • Dual Ice-Class 1A vessels operating simultaneously • 30km linear offset and timing dither applied to sources • First Pass™ utilised on both vessels (6 x 7050m @ 200m)
• Result: • Project executed ahead of model • 7800 sqkm prime acquisition in one season • Good data quality delivered to Client • Positive environmental and community messages for Client
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Modeled vs. Actual Performance (Greenland)
Activity Model Actual Variance CommentsPort Call (days) 1 1.5 0.5 Samur earlier than Amani in NuukDeploy/Retrieve (days) 5 6 1.0 Reconfiguring on Samur
Production (P+I) 58.5 48.3 -10.2BMP shortened season, ice avoidance
Standby (%) 25 30 5 Ice avoidance
Infill (%) 20 7 -13.0Well executed Polarcus Infill Management Strategy
Technical Downtime (%) 7 2 -5.0 No significant equipment delays
Acquisition F2L (days) 86 73 -13.0permit restrictions (late start of season)
Total Duration (days) 113 93 -20.0
Anu Napu - Indicative
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No recordable incidents - 400,000 exposure hours
No recordable EHSQ incidents 8 vessel month equivalent of exposure hours Sub-contractors account for >50% of project exposure hours
Anu Napu - Indicative
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Operational excellence
Minimising environmental impact
Ice Management planning
Support vessels and logistical preparations
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Arctic lessons learned
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Reducing emissions in sensitive areas The following operational data is measured by Polarcus:
• Engine Specification – Power consumption by propulsion and compressor units – Power consumed by all other loads and losses – Power produced, power plant efficiency and utilization
• Fuel specifications – Sulphur content % – Carbon content % – Density
• Fuel consumption • NOx emissions
– Per power plant, daily and monthly (kg) – NOx reduction, daily and monthly (kg) – Urea consumption
• SOx emissions • CO² emissions
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Operational efficiency = reduced emissions
Acquisition Bonus Scheme Metrics
Actual vs Modeled Performance: • 23% less fuel consumed for project • 9% less fuel consumed per day • 4% less fuel consumed per sq.km Due to: • Highly efficient seismic acquisition:
• Very low technical downtime • Good production speed • Low infill
• Highly efficient vessel: • Efficient engines • Ship Energy Efficiency
Management Plan (SEEMP)
Project Target Unit Actual
Performance1 Tech DT 7.00 % 0.862 Mob/(Demob n/a) 12.00 days 5.643 Prod Speed 4.30 kts 4.304 L/C Time 3.50 hrs 3.505 Infill 20.00 % 6.13
Performance Parameter
0.51
-4%
Anu Napu - Indicative
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Fleet emission summary / km² 2011-12 The PLCS emissions are ~ 2 x lower compared to IMO limits in ECA’s and 4 x lower in non ECA’s
2012 2011 %
Emission Emission / km² Emission / km² Reduction YOY
CO2
CO2 Emission (t) 2.42 3.36 28%
NOx Total NOx Emission (t) 0.018 0.022 20%
SOx SOx Emission (t) 0.002 0.004 58%
• CO²: 28% reduction: Driven by operational efficiency and focus on Triple E (engine optimization, drag reduction, transit planning and other SEEMP efforts)
• NOx: 20% reduction: Driven by operational efficiency and continued application of NOx reducing technology on all vessels across the fleet
• SOx: 58% reduction: Driven by operational efficiency and focus on procuring low Sulphur content fuel at competitive prices globally
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Acoustic emissions: mitigating seismic concerns
• Polarcus is the only 3D seismic operator in the industry to have Passive Acoustic Monitoring (PAM) systems permanently installed on all vessels
• Reducing source output – Big is not necessarily best
• Cetacean issues
– Coexistence with cetaceans
• Streamer technology
– Solid is better than fluid or gel
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Operational excellence
Minimising environmental impact
Ice Management planning
Support vessels and logistical preparations
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2
3
4
Arctic lessons learned
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Ice Management – preparation is key
• Characteristics of ice determines mitigation methods – Ice floes of varying density (eg Baffin Bay)
– Shifting solid ice packs (eg Canadian Beaufort)
– Sea ice (eg East Greenland)
– Pack ice (eg North-East Greenland
• Key principles: – Timely satellite data transmission to the project is critical
– Multiple sources of ice / satellite data is valuable
– Intervention (active) vs avoidance (passive) mitigation techniques
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Ice Management
• Detecting and monitoring of ice is the key to mitigating risk
• Polarcus / Shell / Maersk collaborated Ice Management Plan
• The plan defines the strategy, response criteria and responsibilites – 1 x Senior Ice Specialist (Ice Coordinator) on each Survey Vessel
– 1 x Ice Specialist on each survey vessel
– 2 x Ice Specialists on each support vessel
– Enhanced radar systems installed on all vessels
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Ice Management
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Arctic lessons learned
Operational excellence
Minimising environmental impact
Ice management planning
Support vessels and logistical preparations
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2
3
4
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Polarcus Amani Polarcus Samur
Atlantic Birch II
Survey and Support Vessel Fleet
Neftagaz 51 Neftagaz 57 Maersk Gabarus Maersk Chignecto
Polarcus Asima
Supporter-G Vesturland Alure-G Ocean Foxtrot
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Crew Change Logistics
• All vessels are crew changing every 6-weeks
• Charter aircraft from Iceland direct to Upernavik
• Crew transported offshore by supply vessel
• Offshore transfers either by gangway, davit to davit, or small boat
• Offsigners fly out of Upernavik on chartered aircraft direct to Iceland
• Crew change duration is just over 48 hours
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Agenda
Arctic Highlights
The Arctic Opportunity
Under-ice Technology Development
1
2
3
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RIGHTCHOICES: enabling access to the Arctic
• Polarcus: the only Seismic 3D service provider in the industry fully adapted for Arctic operations
• Large unexplored region > 380 BBOE equivalent to ~27% of estimated world reserves
• Arctic Opportunity: twice the size of North West Europe that held 1/3 of global fleet in 2011
• Strategic alliance with Russian Sovcomflot
Russian Arctic 229 BBOE
Norwegian Arctic 7 BBOE
Greenland 31 BBOE
Arctic Alaska 93 BBOE
East Canada 17 BBOE
Source: USGS, (U.S. Geological Survey)
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Russian marine seismic poised for growth FORECAST 2013-2018
3D in
sq.
km
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2012 2013 2014 2015 2016 2017 2018Years
B l a c k S e a
F a r E a s t
A r c t i c
Expected increasing because of: • Tax modifications • New licensing • Correction of existing
exploration plans
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Agenda
Arctic Highlights
The Arctic Opportunity
Under-ice Technology Development
1
2
3
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Category 1 No ice or open water with icebergs. Solution: Conventional equipment + effective ice management.
In progress
Streamer operations in Arctic waters;
Category 2 Sea ice. Solution: All towed equipment must by fully submerged.
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Under-Ice Streamer Towing Preliminary design study has identified the following critical areas: Vessel towing arrangement Towing arrangement for lead-in cables, deflector ropes and source umbilical are being evaluated to avoid impact from sea ice. Deflector devices Deflectors must be fully submerged at sufficient depth to avoid collision with sea ice. Alternative deflector systems are being developed. Streamer front-end (depth control) No surface float can be used for front-end depth control. Alternative depth control systems are being evaluated. Source towing and depth control No surface float can be used for depth control. New source depth control/float systems are being developed. Positioning With no surface floats (tail buoys) new methods must be used to tie together GPS/acoustic positioning. Alternative methods must be developed.
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2015 Arctic Development Project status: - Design study has identified critical areas of focus requiring critical equipment - Feasible solutions for all critical areas (previous slide) have been identified - Internal objective to deliver 4 x 6000m @ 100m separation under-ice by 2015 - Polarcus in dialogue with various industry stakeholders about co-development
Identified solutions are largely based on available technology.
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9/20/2013
