FPSO OSX 1 Private & Confidential

Summary technical description

March 2020
Erik Arthur
Managing Director
Clarksons Platou Offshore
+47 90855653
Clarksons Platou erik.arthur@clarksons,com
 Vessel history

2006 2009 Oct 2011 Jan 2012 2015 Jan 2016 Current
• Nexus Floating • SHI delivered • FPSO OSX-1 • OSX-1 Starts • Cessation of • Vessel location
Production the Vessel to Delivered Production production demob from
awarded Nexus FP Offshore Offshore field
contract to SHI Brazil Brazil • Release from
for NEXUS-1 • OGX Waimea charter • Depart Brasil • Skipavika
newbuild purchased the Field for Norway • Near Bergen
Vessel
• From Nexus • Norway
FP

Construction at Samsung HI, Korea Modifications at Keppel Production offshore Brazil

Shipyard
2020

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

2010
Feb 2016 to
2007 • OGX awarded Keppel Shipayrd Scope date
modifications /
• Hull detailed upgrade yard • Some new modules & • Layup in
design & contract to Keppel equipment Denmark then
engineering by SHI Shipyard Norway
• Mothballing NEXUS-1
• Process facilities • Process facilities equipment / modules not
detailed mods Detailed used
engineering by Engineering by DPS
Ramboll
• PM & engineering
• Turret / Swivel support contract
system from APL awarded to BWO

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Technical features - original design

Principal particulars Design environmental conditions

Harsh environmental design parameters

• Norwegian North Sea

• 350 m water depth
• 100year returmn conditions
• 20 year fatigue life
• Model tested (Haltenbanken conditions)

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Technical features - Hull & marine

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Technical features - Process

Modules Process capacities

Topsides Modules Description Process capacities Heavy oil Mid range

API
Tubarão Approx. max
Azul, Brazil capacities
N130 KO drum module
Oil API API 17,6 35
N160 Piping / manifold module
Produced Oil bpd 40 000 80 000
M200 Water injection / sulphate removal unit
Total fluids bpd 42 100 80 000
M230 Crude handling
Produced water bwpd 12 630 60 000
M250 Separation module
GOR m3/m3 22/50 TBD
M290 HP compression module
Gas processing Sm3/d 158 000 1 500 000
M320 LP compression module
Water injection bwpd 60 000 60 000
M350 Fuel gas compression module
Water injection pressure bar 250 TBD
M380 Power generation workshop/laboratory
Gas injection / export Sm3/d 1 500 000 1 500 000
M410 Aft laydown area
Gas injection pressure bar 250 TBD
L510 Accommodation
Gas export pressure bar 250 TBD
M430 E-house/custody transfer metering
Contaminant in produced fluid H2S 300 ppm TBD
M400 Power gen module CO2
(gas phase at atmospheric conditions) 11,45 mole% TBD
M340 Cooling/heating medium module
at the MP Gas Compression:
M310 Crude handling
M280 Separation module
Potential upgrades
M250 Crude handling/PW treatment
Maximum liquids bpd - 160 000
M220 Chemical handling / PW treatment
Maximum water bpd 120 000
M150 Laydown area

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Technical features - Turret & swivel design

NOV Turret Swivel arrangement

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Technical features - General arrangement

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Technical features - Current Swivel Configuration & Capacities

Power Swivel Module:

• 9 ring for power, 200A, 6.6kV rating
• 1 slip ring for PE, 200A rating
• 1 slip ring case bond,200A rating
• 2 ring for heater 5A, 250V
Note: Currently set up for 3 ESPs, space to change to
1x10MW

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DISCLAIMER
This document (the ‘Information Memorandum’) contains information regarding FPSO OSX-1 and its Owner and Owners Lenders. This Information Memorandum aims to assist
you in deciding whether to proceed with your independent investigation of OSX-1 with a view to a possible purchase transaction (the ’Transaction’). You should not construe this
Information Memorandum as providing legal, tax or investment advice and should consult your own advisors in this regard.

This Information Memorandum does not purport to contain all of the information that you will need or otherwise may desire in evaluating OSX-1 and the potential Transaction.
An investment in OSX-1 may involve a considerable degree of risk. Neither the Company, or any of its shareholders, officers, directors, affiliates, advisors, Clarksons Platou AS, or
representatives (referred to herein collectively as ‘Representatives’) make hereby any representations or warranties as to OSX-1, the Owner or its business affairs and the Owners
Lenders. You will be solely responsible for independently evaluating the feasibility, merits and risks of an investment in OSX-1.

The information, opinions and statements (the “Information”) given in this Information Memorandum have not been verified by the Owner or any of its Representatives. Neither
the Owner nor any of its Representatives has verified the accuracy, content, truthfulness, consistency and/or completeness of all the Information supplied or otherwise made
available in this Information Memorandum. Neither the Owner nor any of its Representatives has discussed or reviewed the Information and has not assumed, and does not
hereby assume any responsibility for such Information, for independently verifying such information and/or undertaking an independent evaluation of such Information. To this
effect, neither the Owner nor its Representatives assume any responsibility or liability with respect to the Information contained herein as well as to the accuracy, content,
truthfulness, consistency or completeness of such Information. Accordingly, the Owner and its Representatives expressly disclaim any and all liability based, in whole or in part, on
any such Information, including, without limitation, any errors therein or omissions therefrom. You will be solely responsible for conducting your own independent analysis and
due diligence review of OSX-1 in order to make any investment decision.

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