Jun 28, 2012 - Headquartered in Houston, TX. â« Founded in ... upstream companies and service providers. â Installed
DeepFlex, Inc. 28 June 2012
Confidential
Company Background Production Line
Headquartered in Houston, TX Founded in 2004 Only manufacturer of unbonded non-metallic composite flexible pipe for the subsea oil and gas industry Proprietary products with significant IP protection and compelling value proposition Operating globally, selling products to large, international upstream companies and service providers
Installed base in all major offshore operating basins Marketing products today – Backlog of $10 million
Materials Lab Testing Equipment
Experienced management team leading dedicated and committed workforce
75 Employees Advanced Degrees in Engineering Department: 9 Masters, 3 PhDs
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Company Background Uses of Flexible Pipe
Fixed Platforms
FPS‐TLP Pipelay and Well Intervention
Static Risers
k
Downlines
FPSO
Dynamic Risers and Riser Systems
Export Lines
Flowlines Jumpers Jumpers Confidential
Tiebacks
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Company Background DeepFlex Worldwide Pipe Installations Supplied 4” jumper Supplying 4 x 0.2km 9” downlines (2Q 2012 delivery) Supplied 2 flowlines
Supplied 8” gas export riser for FPSO
Supplied 7 topside jumpers
Supplying 1.8km 4” deepwater downline (3Q 2012 delivery)
/ Marcessa Supplied 1 flowline
Supplied and installed 3 (4”, 6” & 8”) riser/ flowlines *
Repaired gas export riser
Supplied 4” replacement riser Headquarters / Subsea Technology Center Manufacturing Facility Sales Offices
Supplied 1.6km 3” deepwater downline
Repairing gas export riser (2Q 2012)
Supplying 1.8km 3 ½” deepwater downline (2Q 2012 delivery)
Future Manufacturing Facility Major Offshore Basin
* Gross certified reserves of 19.5 mmbbls currently producing 16,000 bopd Confidential
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Breakthrough Technology DeepFlex Solution
Tapes stacked and bonded into helical laminates
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Breakthrough Technology DeepFlex Advantages Over Steel Flexible Pipe Competitors’ Steel Flexible Pipe
Industry Challenges At 1,000 meters
At 2,000 meters
At 3,000 meters
Fatigue Corrosion Temperature
Susceptible to fatigue
Allowances for corrosion adds weight
Insulation often required
Weight in Water / Top Tension Installation Cost Flow Assurance
Pipe Collapse Pipe cannot support its own weight
DeepFlex Composite Pipe
Resistant to corrosion, H2S and fatigue
Buoyancy aids eliminated
High top tension support required
Incremental top
drives high installation cost
tension support
Buoyancy aids required
minimized
Hydrates and wax buildup
Naturally insulating
Hybrid riser tower designs - highly
Free hanging catenary
complex, expensive, increased risk
riser, with minimal
for project delays and field failures
buoyancy
Lowest installed cost solution
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High Growth Market Expanding Deepwater Flexible Pipe Demand
2012 Deepwater Flexible Pipe Expenditure by Region $703 million
Primary Demand Drivers
Source: Douglas Westwood
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2016 Deepwater Flexible Pipe Expenditure by Region $3,040 million
Flowlines – number of subsea wells Risers - number of FPS units with length determined by water depth
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Recent Accomplishments Flexible Riser Installation in Gulf of Thailand
Building Backlog: Currently $10 million Entered into Petrobras qualification agreement
Phase 1 of $1.4 million, Phase 2 of $15 million
Momentum in Downline market
Deployed first ultra-deepwater pipe to commission an export line offshore Brazil in 2010
Awarded RPSEA development/qualification funding
E & P sponsors: Shell, Chevron, Total & BG Group
3,000 MWD, 10,000 psi, 120° C pipe
Pipe Shipment to West Africa
Expanding Product Envelope with Clear Technology Roadmap
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DeepFlex, Inc. Thank You
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