Marginal Field Production Vessel (The MFPV)

THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No61942227

SUBSEABUOY

FLEXIBLERISER

EXTENSION

BUOYANCYMODULES

BUOYANCYMODULE

STANDARDJOINTS

CHAIN

POLYESTER

SURFACEMARKERBUOY

MEPS FREE STANDING PRODUCTION RISER

THRUSTERTYPICAL

MODULARPRODUCTION

SYSTEM

FLAREBOOM

80tSUPPORTCRANE

(OPTIONAL)80t

SUPPORTCRANE

OFF-LOADINGHOSE REEL

MOORINGLINE

GUIDECHUTE

PATENT NO. 61942227- FPSO MODULAR SYSTEM.

q  Enable production of Marginal Fields that todays are

uneconomical q  Early production - Verify production capacity of field prior to investing in a $1B FPSO q  Same MFPV can be used in Shallow to Ultra Deep Water q  ~30,000 bpd production capacity q  Reduce capital expense for marginal fields q  Significantly reduce the risk exposure for producing a marginal field q  Assure Flexibility – The MFPV offers modular design q  Reduced lead time

The IOC Objectives for the MFPV Design:

Marginal Field Production Vessel (The MFPV)

THE IOC MFPV IS PROTECTED UNDER PATENT APPLICATION No61942227

q  No need to design for 100 Year Storm, - Therefore significant cost savings in mooring design and installation cost. - Rental mooring systems can be used. - AHTS vessels already on charter can be used to install the mooring system and riser system (for shallow to medium water depth) q  Supply a mobile, easy to relocate production unit for shallow and deep water. - Quick disconnect spread mooring system - Quick disconnect riser system - Hook-up in ~24 hrs. Disconnect in ~20 minutes - Can be converted back to tanker in a few days time. q  Not optimized production equipment? - Disconnect from field in and navigate back to port to switch out production modules optimized for the field

FLAREBOOM

MOORING PULL-INWINCHDOUBLE DRUMS

LAYDOWNAREA

DECKSHEAVE

15,000 BWPDWATER TREATMENT

COMPLETION FLOWBACKMODULE TYPICAL

30,000 BOPDOIL SEPARATIONPRODUCTION

MODULE TYPICAL

COMPRESSIONGAS 20 MMSCFDAIR NITROGEN

MODULE TYPICAL

80tSUPPORTCRANE(OPTIONAL)

RISER PULL-INWINCH

EXTENDED RETRACTED

80tSUPPORTCRANE

POWER GENERATIONMODULE (OPTIONAL)

HULL SIDE

EXTENDED RETRACTED

PLAN VIEW

CHAIN STOPPER FOUNDATIONMOUNTED ON DECK(8 OR 12 POINT SPREADMOORING SYSTEM)

OFF-LOADINGHOSE REEL

GUIDECHUTE

CHAINDISCONNECTED

RETRACTABLERISER PLATFORM

QUICK DISCONNECTRISERS

76mm / 84mmCHAIN STOPPER/FAIRLEAD ARRANGEMENTQUICK DISCONNECT

76mm / 84mmMOORING CHAINSTANDARD RIG CHAIN

PATENT NO. 61942227- FPSO MODULAR SYSTEM.

By: Ove W. Akerblom, President, Intrepid Offshore Construction Inc.

1701 Brittmoore Rd. Houston, TX, 77043 USA. Phone: +713.677.0200. ove.akerblom@ioc-us.com

Marketing Partner: Seun Alonge Director SOPETRO Offshore Service Nigeria.

31B Raymond Njoku Road, Ikoyi, Lagos, Nigeria Phone: +234 1 950 0177.